It might not land you in the ranks of the ultra-wealthy, but it still pays to work on Wall Street. Wall Street firms paid employees an average bonus of $153,700 in 2018, according to numbers released Tuesday by New York State Comptroller Thomas DiNapoli. The figure was averaged across the more than 170,000 securities industry […] Read more
British Prime minister Theresa May will ask the European Union for a short Brexit delay, a British government source confirmed to Euronews on Wednesday. “There is a case for giving parliament a bit more time to agree a way forward”, the source said. The British PM is expected to send a letter to the EU […] Read more
Good morning, Europe. Today we’re watching: New Zealand cabinet meets: The government meets on Monday following the shootings at two mosques last week that left 50 people dead. The cabinet is set to discuss changes to gun laws. Macron faces renewed pressure: France witnessed scenes of looting and rioting over the weekend in the latest […] Read more
A Volvo Car equipped with self-driving highway software is parked at the autonomous vehicle testing facility AstaZero on the outskirts of Boras, near Gothenburg, Sweden February 22, 2019. By: Esha Vaish A “virtual human” suddenly steps out at a blind bend, but the engineer in the Volvo car’s driving seat on the test track doesn’t […] Read more
By Katia Porzecanski and Hema Parmar Billionaire Ken Griffin said he’s losing interest in bringing Citadel’s headquarters to New York City because of the political climate that spurred Amazon.com Inc. to abandon plans to build a mega-campus in Queens. “Amazon opting out of New York is heartbreaking,” Griffin said Thursday in an interview with David […] Read more
European shares retreated further from five-month highs on Thursday ahead of a European Central Bank meeting that is expected to slash growth forecasts and hint at a new round of ultra-cheap loans for euro zone banks. Euro-zone banks fell as some profit taking kicked in following gains made in anticipation of the ECB loan scheme, […] Read more
By Frances Schwartzkopf Swedbank is facing money laundering allegations Swedbank AB regularly topped rankings of Europe’s safest banks half a decade ago. On Thursday, Sweden’s finance ministry told regulators to explain how the venerable institution had become enmeshed in allegations of money laundering. Like Danske Bank A/S of Denmark, Swedbank built its reputation in one of the world’s richest […] Read more
European shares were lower in early deals on Wednesday, snapping a three-day winning streak as a warning from Beiersdorf hammered consumer staples stocks and Air France-KLM sank on news the Dutch government would raise its stake in the airline. The pan-European STOXX 600 index was down 0.6 percent at 0857 GMT, snapping three days of […] Read more
Thirteen French citizens accused of fighting for the Islamic State group are to be tried in Iraq rather than face charges back home in France. Iraqi President Barham Saleh said the 13 were handed over by Syrian Kurdish forces last month. French President Emmanuel Macron declined to comment, saying it was a sovereign matter […] Read more
Two of Britain’s opposition MPs are working on a plan to bring UK Prime Minister Theresa May’s Brexit deal through, on the condition that it is put to a public vote. Peter Kyle and Phil Wilson have put forward an amendment to the Brexit bill that ties the prime minister’s deal with the potential to […] Read more
