Nelson Ching | Bloomberg | Getty ImagesThe majority of EU citizens believe China's "aggressive competitive practices" are a threat to their economic interests, a new survey has claimed. In a report published Thursday, the thinktank the European Council on Foreign Relations (ECFR) found that 57% of Europeans felt their country's economy, and the wider European economy, were being insufficiently protected by lawmakers from Chinese trade practices. The ECFR polled 60,000 people across 14 EU member states to gauge voter sentiment toward foreign policies. Less than 20% of voters in each individual member state felt their country's interests were well insulated from aggressive Chinese competitive practices. In France and Italy, almost three quarters of respondents felt their governments were failing to safeguard their economic interests from China's trade and economic policies, with more than 60% saying the same in Spain, Germany and Greece. More than a third of French, I..
Renewable sources of energy are becoming increasingly important cogs in the global energy mix.
VIDEO3:1503:15Discussing the outlook for the British poundStreet Signs AsiaThe pound fell on Friday afternoon as a series of different Brexit developments encouraged traders to press sell on the British currency. Sterling started the session trading at 1.252 versus the U.S. dollar. It then rose to $1.2573 by midday London but sank to around $1.2471 just two hours afterwards. The afternoon dip was fueled by a Financial Times report which suggested a continued stalemate over the Irish border situation. The "Irish backstop" has been a major sticking point in negotiations between the British government and the European Union. The FT report said that U.K. Prime Minster Boris Johnson has told his colleagues that he doesn't expect to reach a full "legally operable" deal covering the border issue at a crucial EU leaders meeting on October 17-18. This came as Britain's Brexit Secretary Stephen Barclay was striking an optimistic tone shortly after meeting with the EU's top negotia..
Investor Jim Chanos is betting against GrubHub.
European stocks closed higher Thursday, after the U.S. Federal Reserve cut interest rates as expected but signaled a higher threshold to further policy easings. The pan-European Stoxx 600 closed provisionally up 0.6%, with most sectors and major bourses in positive territory. European Markets: FTSE, GDAXI, FCHI, IBEXLooking at individual stocks, Britain's IG Group surged to the top of the European benchmark after the company said it expects to return revenue growth in 2020.Shares of the online trading platform rose over 10% on the news. Sticking with British stocks, Next tumbled toward the bottom of the index after reporting first-half results. The clothing chain posted a 2.7% rise in profit during the first six months of the year, but said the first few weeks of its fall season had been disappointing. Shares of the London-listed stock dipped 5%. The Bank of England (BOE) held interest rates steady on Thursday, as Brexit uncertainty continues to hang over the world's fifth-la..
PARIS, FRANCE - SEPTEMBER 18: French President Emmanuel Macron (R) welcomes Finland's Prime Minister Antti Rinne prior their meeting at the Elysee Presidential Palace on September 18, 2019 in Paris, France.Chesnot | Getty Images News | Getty ImagesThe U.K. has until September 30 to make written proposals to replace the controversial Irish backstop or its relationship with the EU is over, the leaders of France and Finland agreed Wednesday. The ultimatum comes as frustration grows in EU circles ahead of the October 31 departure date. Several European officials and leaders have argued that they had reached a deal with the previous U.K. government, called the Withdrawal Agreement, and if the current British leadership does not want to leave the bloc under those terms, then it's up to the U.K. to make new proposals – something that the new Prime Minister, Boris Johnson, has not yet done. "If the U.K. wants to discuss alternatives to the existing Brexit agreement then these must be..