Tag Archives: Europe’s

France seeks to make Paris Europe’s leading finance hub

French Prime Minister Edouard Philippe delivers a speech at the Paris Europlace International Financial Forum in Paris, France, July 11, 2017. PARIS, JULY 12:   France will use “all means” to make Paris Europe’s main post-Brexit financial capital, Prime Minister Edouard Philippe said on Tuesday, while international bankers said they wanted to see if such pro-business reforms would stick over time. ... Read More »

Europe’s Galileo Satnav Identifies Problems Behind Failing Clocks

HIGHLIGHTS Problems behind failure of atomic clocks in Galileo have been identified ESA has been investigating reasons behind failing clocks on 18 satellites Three rubidium and six hydrogen maser clocks were not working Investigators have uncovered the problems behind the failure of atomic clocks onboard satellites belonging to the beleaguered Galileo satnav system, the European Commission said Monday. For months, ... Read More »

Brexit: Europe’s new finance rules put 83,000 U.K. jobs at risk

. The European Union is preparing the ground for a raid on one of the crown jewels of British business. The bloc proposed rules on Tuesday that would give it the power to force a large slice of London’s financial services to move out of the city after Brexit, putting at risk an estimated 83,000 jobs. Despite not using the ... Read More »

Europe’s ‘next domino to fall’ is teetering: Strategist

Problems are piling up in Italy, sending Italian stocks sinking and creating fresh concerns about the future of the European Union. The ETF tracking the MSCI Italy index (EWI) has become one of the year’s worst-performing, losing about a quarter of its value in 2016. Unfortunately, Boris Schlossberg, managing director of FX strategy for BK Asset Management, doesn’t see an ... Read More »