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Analyst: Vodafone Weakness Likely Tied To Corbyn's Proposal To Nationalize Broadband Service
Friday, November 15, 2019 - 3:21pm | 552Jeremy Corbyn, leader of the U.K.'s Labour Party, plans to nationalize British Telecom's Openreach broadband network and provide free internet if the party wins power. The proposal is impacting shares of Vodafone (NASDAQ: VOD), according to an Edward Jones analyst. The...
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Germany Avoids Technical Recession, Eurozone GDP Projected To Rise 0.5% In 2020
Thursday, November 14, 2019 - 6:32pm | 686Germany has narrowly avoided a recession, with the latest figures released Thursday showing the country’s economy grew by 0.1% in the third quarter. Economists estimate that growth domestic product in the eurozone will grow by only 0.5% in 2020. In Spain, the latest quarterly GDP...
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Want To See Santa? That'll Be $2,500
Monday, November 11, 2019 - 8:05am | 298London’s iconic department store Harrods has set a strict policy for this year's Santa Claus visits at its Swarovski crystal-encrusted “Secret Forest Grotto.” What Happened Santa Clause visits will only be available to the families who have spent at least £2,000 ($2,560...
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EU Grants Another 3-Month Brexit Extension
Monday, October 28, 2019 - 11:32pm | 335The European Union on Monday granted the U.K. another three months to exit the bloc. What Happened U.K. Prime Minister Boris Johnson formally accepted the new deadline of Jan. 31, 2020, agreed upon by the European Commission’s decision, BBC reports. Britain has the option to exit the E.U....
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SoftBank Acquires 80% Ownership Of WeWork In Rescue Deal
Wednesday, October 23, 2019 - 1:38am | 366Tokyo-based investment giant SoftBank (OTC: SFTBY) received approval from the board of co-working startup WeWork to take for a multibillion-dollar takeover deal, The Wall Street Journal reported Tuesday. WeWork would be valued at about $8 billion with the deal. What Happened The terms of the deal...
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British Travel Agency Thomas Cook Folds: What You Need To Know
Monday, September 23, 2019 - 11:19am | 374British tour operator Thomas Cook said Monday it has "no choice but to take steps to enter into compulsory liquidation with immediate effect." What Happened Thomas Cook, with a history that traces back nearly two centuries, is known for packaging hotel and other travel...
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Brexit Update: Johnson's Brother Quits, Pence Supports PM
Thursday, September 5, 2019 - 2:29pm | 589Boris Johnson's proposal to hold a snap election Oct. 15 has been rejected by MPs in a major setback for the UK prime minister. His opposition, Labour leader Jeremy Corbyn, has said his party will agree to a snap election if a bill preventing a no-deal Brexit is passed. MPs will now...
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Apple Contractors Fired Following Eavesdropping Controversy
Wednesday, August 28, 2019 - 3:14pm | 104Apple Inc. (NASDAQ: AAPL) has let hundreds of European contractors go who listened to Siri recordings to check for errors, according to The Guardian. The company laid off 300 contractors in Cork, Ireland alone, according to the report. Apple shares were trading at $204.67 at...
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UK's Woodford Equity Income Fund Suspended
Tuesday, August 20, 2019 - 3:22pm | 632On June 3, U.K.’s most high-profile fund managers, Neil Woodford’s £3.75-billion ($4.55 billion) LF Woodford Equity Income Fund, was suspended as the fund manager struggled to free up cash to pay investors looking to get their money out. What Woodford...
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Reports: Iran Seizes British-Flagged Ship in Straits Of Hormuz
Friday, July 19, 2019 - 2:59pm | 410Iranian media said Friday that the country's Revolutionary Guard seized a British-flagged oil tanker. The ship's owners said it was unreachable and appeared headed toward Iran, sending crude oil prices higher. Owners of the Stena Impero said the ship unexpectedly changed course and...
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Asos Shares Destroyed By 'Unprecedented' Level Of Discounting
Thursday, December 20, 2018 - 12:51pm | 660British fashion retailer Asos PLC/ADR (OTC: ASOMY) shares are down 44 percent since Friday after the company released a profit warning. Asos CEO Nick Beighton said the drop is due to an staggering amount of discounting items, according to The Guardian. “In fashion we are seeing an...
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The Alzheimer's Drug Pipeline: High Failure Rates In Research On An Increasingly Common Disease
Thursday, February 8, 2018 - 10:41am | 2179"Age is just a number, not a state of mind or a reason for any type of particular behavior." -Cecelia Ahern Alzheimer's disease is the sixth leading cause of death in the U.S., although recent estimates indicate it may now be the third most common cause of death, behind heart disease...
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A Latin America, U.S. Comparative Exploration: Why Aren't There More Women In U.S. Politics?
Monday, November 7, 2016 - 5:08pm | 544Women endure violence, discrimination, harassment and chauvinism in Latin America. However, women's rights movements are slowly advancing under the #NiUnaMenos (#NotOneLess) banner. Interestingly, and sadly, this trend has also been reflected in the region’s politics as an increasing...
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Brexit Derailed, British Pound Gains 1%
Thursday, November 3, 2016 - 8:13am | 415The British pound gained more than 1 percent in value against the U.S. dollar on Thursday after a ruling will force the U.K. parliament to hold a vote before the official process of Brexit can commence. The outcome of the Brexit vote in late June was clear: The people voted to leave the European...
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Why The Irish Government Is Fighting So Hard To Not Collect $14.5 Billion In Taxes From Apple
Thursday, September 8, 2016 - 12:44pm | 378The Irish government voted on Wednesday to appeal the $14.5 billion tax bill the European Union says Apple Inc. (NASDAQ: AAPL) owes the state of Ireland. The EU ruled in late August that Ireland provided Apple with tax benefits, which goes against its rules that govern all nations. Ireland...