Markets
Deutsche Bank is making money again
Around midday in Frankfurt shares were trading at 7.2 percent higher. The bank had been the worst-performing banking stock in Europe this year amid the tumult, down about 36 per cent. Due to the expensive legal settlements in connection to accusations of criminal fraud, Deutsche Bank's annual profits have been deep in the red for the past three consecutive years. [Full Article...]
Qatar Airways finalizes order for five Boeing 777 freighters
Boeing's upbeat sales forecast underlined the importance of China to the aircraft industry. But business was brisk on the first day of the July 16-22 air show , though analysts will be watching closely to see how numerous deals are new, and how many involve adjusting earlier business or switching models - something not always easy to spot at first. [Full Article...]
Singapore Airlines named world's best airline for 2018
RIYADH - flynas, the Saudi carrier and leading low-cost airline in the Middle East, made another remarkable national achievement by winning on Tuesday the prestigious Skytrax award for the Best Low-Cost Airline in the Middle East for the second consecutive year. [Full Article...]
Japan, European Union to sign widespread trade deal eliminating tariffs
The ceremony came amid spreading protectionism driven by U.S. President Donald Trump's "America First" agenda and an intensifying trade row between the United States and China. Besides the latest deal with the EU, Japan is working on other trade agreements, including a far-reaching trans-Pacific deal. "Japan and the European Union will form a united front against a USA threat to impose tarif... [Full Article...]
Papa Johns Founder Claims he Was Pressured to Use the N-Word
Oregon State Vice President and Director of Athletics Scott Barnes said Schnatter's comments are not reflective of the university's values and the inclusive environment the school strives to offer. In the report last week, Forbes said Schnatter used the N-word during a media training session in May, and that the incident led the marketing agency to sever its ties with the company. [Full Article...]
Amazon’s Jeff Bezos is world’s richest person in modern history
The Amazon .com Inc. founder's net worth broke US$150 billion in NY on Monday morning, according to the Bloomberg Billionaires Index . Bloomberg , which also tracks the net worth of Jeff Bezos and other billionaires but calculates wealth differently and only updates its list after the market closes each day, puts the fortunes of both Bezos and Gates a bit lower. [Full Article...]
European Union signs biggest ever trade deal and attacks Donald Trump
At a EU-Japan summit Tuesday in Tokyo , the envoys were clear that the agreement was meant to send a message about the value of trade and cooperation. Tusk praised the deal as "the largest bilateral trade deal ever". On the security front, the three leaders agreed to work toward the complete, verifiable and irreversible denuclearization of North Korea, Tusk said . [Full Article...]
Theresa May narrowly escapes defeat after caving in to Brexiteers
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As Justine Greening proposes a three-way second Brexit referendum, James O'Brien says why everybody will vote with the same second preference. David Davis quit as Brexit minister and Boris Johnson stepped down as foreign minister last week over May's Brexit blueprint, which would keep Britain economically close to the EU. [Full Article...]