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Latest 24 Hour Economy News
Source: Common Domain

GDPR spells pain for big companies — but a boost for this overlooked stock

Thursday 23:43 GMT

For instance, the ought to boost demand for London-based Beazley BEZ, +0.17%   , which insures companies in the event of cyberattacks, according to bulls on the stock.

Here’s the bottom line for Beazley and its peers, according to Jefferies: “The insurance industry could experience a material increase in demand when companies begin to assess their GDPR requirements.” One high-profile example of a GDPR-driven change comes from Facebook FB, +1.69%   , which before its Cambridge Analytica scandal said it was seeking to make it easier for its users worldwide to manage their data before the wide-ranging law takes effect.

Source: Fox News

Stocks search for direction after latest tariff warning

Today 07:02 GMT

Japan's Nikkei fell to a more than two-week low on Thursday as automakers like Toyota slumped after the Trump administration launched a national security investigation into car and truck imports that could lead to new U.S. tariffs.

The Trump administration confirmed on Wednesday that it may slap tariffs on imported vehicles and automotive parts, pending the outcome of an investigation by the Department of Commerce.

Source: BBC

Turkish lira rallies after rate hike

Today 05:13 GMT

The Turkish lira has pared its heavy losses against the dollar following an emergency interest rate hike by the central bank.

Following an emergency meeting, the Turkish central bank steeply raised a benchmark lending rate from 13.5% to 16.5% on Wednesday. "Current elevated levels of inflation and inflation expectations continue to pose risks on the pricing behaviour," the central bank said.

Source: BBC

Novice to lead Italian populist cabinet

Today 04:17 GMT

Italy's President Sergio Mattarella has accepted a political novice as prime minister, paving the way for two populist parties to form a government.

Two populist party leaders, Luigi di Maio of the Five Star Movement and Matteo Salvini of the League, finally agreed a coalition deal after days of talks and later nominated Mr Conte as their candidate to be prime minister. The coalition deal promises tax cuts, a guaranteed basic income for the poor and deportations of 500,000 migrants - policies that are likely to put the eurozone's third biggest economy on a collision course with Brussels.

Source: Global News

Millennials born in 1980s may never recover from the Great Recession: report

Today 03:22 GMT

A recent report released by the Federal Reserve Bank of St. Louis predicts that millennials born in the 1980s were hit especially hard by the Great Recession, and may never financially recover.

While those born in the 1980s experienced the greatest decrease in wealth, those born in the ’70s demonstrated wealth levels 18 per cent below where they should have been and those born in the 1960s had wealth levels 11 per cent lower than they should have been.

Source: Global News

NDP leader Jagmeet Singh sides with B.C. over Alberta in Trans Mountain dispute

Today 01:33 GMT

Jagmeet Singh planted the federal NDP flag firmly on British Columbia’s side of the Trans Mountain dispute Wednesday after months of trying to stay neutral in the bitter feud between his Alberta and B.C. counterparts over energy and environmental policy.

He now says he is 100 per cent opposed, since Ottawa wants to put money on the table to cover any cost overruns caused by political interference – largely from a court challenge by the NDP government in B.C.. “This was a very difficult decision for me,” Singh said. “It wasn’t something I took lightly but leaders have to make tough decisions.”

Source: Fox News

Jon Corzine’s Wall Street comeback in jeopardy so far as hedge fund attracts trickle

Thursday 23:42 GMT

Jon Corzine plotted his return to Wall Street in grand fashion: The former chief of Goldman Sachs, U.S. senator and New Jersey governor would use his name recognition in financial and political circles to raise hundreds of millions of dollars from investors to start a hedge fund that would take advantage of what he believed would be wild market swings resulting from the new and possibly unsettling economic policies of President Donald Trump.

Source: New York Times

Emerging Markets Are Worrying Investors, Again

Thursday 23:42 GMT

“If we’re getting these kinds of moves for a shock that’s really quite a bit smaller than the ‘taper tantrum,’ it makes me quite worried,” said Robin Brooks, chief economist at the Institute of International Finance.

A checkered history of booms and busts hasn’t stopped investors from pouring trillions of dollars into emerging markets in recent years, lured by the promise of higher rates of return than safer bets in the United States, Europe and Japan.

Source: NBC News

Harley-Davidson workers stunned by plant closure after tax cut

Thursday 23:42 GMT

Like other corporations, Harley-Davidson is benefiting this year from the tax cut law passed in 2017, which slashed the corporate rate from 35 percent to 21 percent.

House Speaker Paul Ryan visited a Harley plant in Wisconsin in September and said, “Tax reform can put American manufacturers and American companies like Harley-Davidson on a much better footing to compete in the global economy and keep jobs in America.”

Source: The Guradian

Saudi Arabia: women's rights activists arrested before lifting of driving ban

Saturday 19:06 GMT
Source: Washington Post

Preakness Stakes 2018: Everything you need to know

Saturday 19:06 GMT
Source: Common Domain

Greece Steps Closer to Completing Bailout Review

Sunday 17:16 GMT
Source: The Guradian

Simon Yates increases Giro d’Italia lead with stunning stage 15 victory

Sunday 17:16 GMT
Source: New York Times

Behind New York’s Housing Crisis: Weakened Laws and Fragmented Regulation

Sunday 17:16 GMT
Source: Common Domain

Justify Wins Muddy, Foggy Preakness Stakes

Sunday 20:02 GMT
Source: New York Times

A Trinity of Opinions on the Met’s ‘Heavenly Bodies’

Sunday 22:46 GMT
Source: Global News

Meghan Markle’s wedding dress may have been a ripoff

Today 20:04 GMT
Source: Common Domain

S&P Global Moves to Start Ratings Business in China

Today 01:33 GMT
Source: NBC News

J Balvin drops new album 'Vibras,' redefines how Latin artists crossover to the U.S. music scene

Today 20:04 GMT
Source: Reuters

China scolds U.S. for withdrawing invite to naval drills

Today 09:59 GMT
Source: Common Domain

| Al Jazeera Media Network

Today 05:13 GMT
Source: NBC News

Trump lawyer Cohen met Russian oligarch at Trump Tower, source says

Today 20:05 GMT
Source: New York Times

Oil Prices Reverse Their Rise, and Drivers May See Relief

Today 20:05 GMT

“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte