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GLOBAL MARKETS-Trade war, Brexit stoke debt and dollar, hit stocks and sterling -

GLOBAL MARKETS-Trade war, Brexit stoke debt and dollar, hit stocks and sterlingResurgent trade tensions, concern over the outlook for corporate America and the growing risk of a chaotic Brexit in the United Kingdom curtailed appetite for equities on Wednesday and stoked demand for "safe" government bonds. U.S. President Donald Trump renewed his threat to tax another $325 billion of Chinese goods, amid nervousness over when the two sides will resume trade talks. After surging to record highs recently on Federal Reserve rate-cut signals, Wall Street has grown nervous this week as big banks reporting quarterly earnings -- Citi, JPMorgan and Wells Fargo -- have recorded drops in net interest margins, a sign low interest rates are squeezing bottom lines.


Wed, 17 Jul 2019 06:46:27 -0400

Man who drove car into police at UK parliament guilty of attempted murder -

Man who drove car into police at UK parliament guilty of attempted murderA man who drove his car into cyclists and then rammed it into barriers outside Britain's parliament narrowly missing police officers was found guilty of attempted murder on Wednesday in what prosecutors said appeared to be a terrorist attack. Salih Khater, 30, drove his Ford Fiesta around the square outside parliament in central London four times before he accelerated into cyclists at a crossing and veered across the road into a security lane and crashed into the barriers. Two police officers managed to jump out of the way but several cyclists needed hospital treatment for their injuries.


Wed, 17 Jul 2019 06:45:06 -0400

'Mona Lisa' relocated within Louvre for 1st time since 2005 -

'Mona Lisa' relocated within Louvre for 1st time since 2005Many paintings are moved around at the Louvre in Paris, but rarely is it one of the world's most iconic works. For the first time in 14 years, Leonardo da Vinci's "The Mona Lisa" will be relocated so that its well-trafficked home, Room 711 in the Salle des États, can be renovated. Painted in the 16th century on a thin panel of poplar, "The Mona Lisa" is kept at a constant temperature of 68 degrees Fahrenheit and a hydrometry of 50%.


Wed, 17 Jul 2019 06:41:33 -0400

UPDATE 1-Amazon in EU antitrust spotlight over use of merchant data -

UPDATE 1-Amazon in EU antitrust spotlight over use of merchant dataAmazon on Wednesday became the target of an antitrust investigation by the European Union over its use of merchants' data, underlining the increasing regulatory scrutiny over how tech companies exploit customers' information. Amazon, Google, and Facebook are among U.S. tech giants which have triggered complaints from rivals and academics, prompting antitrust enforcers around the world to look at how they use data to boost their market power, which has also led to calls for their break-up. The European Commission has been seeking feedback from retailers and manufacturers since September last year into Amazon's dual role as a marketplace for merchants and as a competitor.


Wed, 17 Jul 2019 06:41:21 -0400

UPDATE 1-WHO reports new Ebola incident in Uganda amid fears of virus spreading -

UPDATE 1-WHO reports new Ebola incident in Uganda amid fears of virus spreadingThe World Health Organization reported a new incidence of Ebola in Uganda on Wednesday, fuelling concerns that the virus may be spreading beyond Democratic Republic of Congo, as an expert panel weighs whether to sound the alarm internationally. The WHO said a Congolese fisherwoman travelled across the border to sell fish at Mpondwe market on July 11, where she had four vomiting incidents before returning to Congo and dying of Ebola. Ebola is highly infectious and spread through bodily fluids.


Wed, 17 Jul 2019 06:38:37 -0400


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