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Keyword Search: European union
2 Articles
Source: Common Domain

Dow Closes Higher on Strong Earnings Reports

Saturday 15:25 GMT

Strong quarterly earnings reports helped the Dow Jones Industrial Average eke out slight gains for the week after turbulent recent days for U.S. stocks.

The Dow industrials rose more than 2% Tuesday after encouraging economic data and better-than-expected earnings from Goldman Sachs , before reversing course Thursday amid geopolitical tensions and ending 1.3% lower in a bruising trading session.

1 Article
Source: The Guradian

Welcome to North Macedonia: parliament votes for name change

Saturday 15:25 GMT

Macedonia’s parliament has voted to start the process of renaming the country North Macedonia, a major step towards ending a decades-long stalemate with Greece and opening a door to NATO and the EU.

A total of 80 deputies in the 120-seat parliament voted in favour of renaming the Balkan country Republic of North Macedonia - just reaching the two-thirds majority needed to enact constitutional changes.

1 Article
Source: DW

Poland's nationalist PiS party comes out on top in local elections

Monday 20:00 GMT

The ruling euroskeptic PiS party has emerged as the winner in provincial council elections that were seen as a test of support for the party.

Poland's ruling Law and Justice (PiS) party was poised to make big electoral gains on Sunday as an exit poll put the euroskeptic conservatives ahead of the opposition in regional elections across the country. An Ipsos exit poll showed the PiS party taking 32.2 percent of the vote for provincial council member seats, with a coalition of opposition parties taking 24.7 percent.

1 Article
Source: The Guradian

Italian bank fears expected to grow after debt downgrade

Monday 18:10 GMT

Fears that Italy’s banks face a black hole in their finances are expected to grow this week following a debt downgrade that could send the value of bank reserves plummeting.

Despite efforts to shore up Italian banks’ reserves, a downgrade by the ratings agency Moody’s on Friday following a row between Rome and Brussels over the government’s budget could send them into freefall again. A senior government official added to the tension on Sunday by issuing a warning that Italy should not ignore the deteriorating financial situation and its effect on the country’s banks, including possible capital needs.

1 Article
Source: DW

Hundreds of migrants scale Spanish enclave fence

Monday 15:25 GMT

Some 300 people rushed a border fence between Morocco and Spain's North African enclave Melilla, Spanish authorities said on Sunday.

Out of those who attempted to scale the two fences topped in barbed-wire, 200 sub-Saharan Africans entered Spanish territory, a representative of Spain's government in Melilla said in a statement. Some 300 people rushed a border fence between Morocco and Spain's North African enclave Melilla, Spanish authorities said on Sunday.

1 Article
Source: Global News

Could there ever be more than one internet Experts say we’re closer than you think

Sunday 20:54 GMT

While China represents the world’s most extreme example of internet regulation, experts note that the massive country isn’t the only one imposing restrictions on the services from multi-billion dollar internet giants.

Bartholomew and Raymond agree that the spirit of the internet is one of openness, but it’s important to distinguish between the internet of the late 20th century, and the internet of today.

1 Article
Source: Fox News

Hundred of thousands descend on London to thwart Britain's plan to leave European Union

Sunday 15:24 GMT

Thousands of protesters descended on the streets of London on Saturday to demand a new referendum on Britain’s decision to leave the European Union.

The inability to come up with an agreement is raising fears that the UK is facing a “no-deal” Brexit that could negatively impact the economy and create confusion among millions of EU citizens already residing in the country.

1 Article
Source: The Guradian

UK Brexit negotiators desperate for November summit

Saturday 20:54 GMT

Theresa May will test the tolerance of her cabinet for fresh Brexit compromises on Tuesday, with Britain’s negotiators desperate for a breakthrough in time to convince EU leaders to convene a crunch summit next month.

Senior Conservatives warn that if the deal is to pass through the House of Commons, May will have to pivot from the cautious approach she has displayed in recent weeks, to selling her deal.

1 Article
Source: Common Domain

The 10 most ‘valuable’ countries in the world in one chart

Sunday 20:54 GMT

Brand Finance, a company that specializes in putting value to corporate brands, attempted to do just that by evaluating the countries on three key metrics—goods and services, investment, and society.

Other countries of note that did not make the top 10 list was Spain at 12th, Mexico at 14th, Brazil at 17th and Russia at 18th. And for all its economic troubles, Italy still was the eighth most valuable brand while India was ninth and Korea came in at tenth.

1 Article
Source: Common Domain

Italian bond yields retreat as EU official says he wants to reduce tensions with Rome

Saturday 15:25 GMT

Italian 10-year government bond yields retreated from their multiyear high on Friday as a key European Union official sought to play down tensions with Rome over the government’s budget plan.

The spread between German and Italian bond yields, which can serve as a gauge of investor unease, stands at 3.12 percentage points after earlier hitting 3.39 percentage points, representing the widest in about five years, according to Tradeweb data.

1 Article
Source: DW

Ryanair: German minister pledges law change for more workers' rights

Saturday 15:25 GMT

Ryanair pilots and cabin staff in Germany have been promised a works council inside the Irish airline by Labor Minister Hubertus Heil.

German Labor Minister Hubertus Heil vowed Friday to close a loophole in industrial relations law that currently excludes flight crews from having their own voice in company corridors unless specified in their collective employer-union contracts. Visiting Ryanair staff in Frankfurt Friday, Heil said would ask parliament to remove the loophole from Paragraph 117 of the Works Constitution Act (Betriebsverfassungsgesetz) so that crews too could utilize Germany's widespread employee representation.

1 Article
Source: Common Domain

Investors need to watch the calendar in Italy’s looming budget showdown

Saturday 14:30 GMT

Bond markets are on edge as investors around the world begin to pay closer attention to a looming battle between Italy’s populist government and the European Union over Rome’s deficit-expanding budget plans.

See: Investors watch for Italy credit-rating downgrade, amid fears of forced selloff. The European Commission said the government can offer some input justifying their budget proposal before Brussels issues its formal opinion, which is due by Nov. 30, according to Citibank.

1 Article
Source: DW

EU court orders Poland to suspend judges' retirement

Saturday 13:35 GMT

Warsaw must "immediately suspend" the legal changes that force their Supreme Court judges to retire, according to the EU's top court. Judicial independence in the country is "under threat."

"Poland must immediately suspend the application of the provisions of national legislation relating to the lowering of the retirement age for Supreme Court judges," the EU's top court said on Thursday. The Luxembourg-based court also ordered the suspension be applied with "retroactive effect" to Supreme Court judges already in retirement.


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