Markets
US Federal Reserve hikes rates again as confidence in the economy grows

United Kingdom election leaves Conservatives hanging as largest party with no majority
Her mandate to pursue any major policy issue has effectively been compromised, including regarding Brexit. The announcement of the elections was met with a universal expectation of impending catastrophe for the Labour Party. These proposals will face fierce pushback, however, from hardcore Euroskeptic backbenchers within the Tory party. Such a strategy might just lead to a more responsible p... [Full Article...]
UK to double length of next Parliament to deal with Brexit
It will join a growing list of high-profile Conservative education policies that have become casualties Theresa May's disappointing general election result and loss of majority. 'This will require substantial amounts of legislation, beginning with the Great Repeal Bill . A two year session of Parliament is unusual but not unprecedented. [Full Article...]
La Liga chief Javier Tebas "positive" of Cristiano Ronaldo innocence
Cristiano Ronaldo wants to re-join Manchester United . United remain one of the clubs with the financial muscle to offer a competitive package for Ronaldo - they are predicting record revenues of up to £570m this year - and his return would be a dream commercial move. [Full Article...]
US Fed raises interest rates, fourth increase since Dec 2015

GE's Immelt to retire, John Flannery to take over as CEO
The company said John Flannery , the head of GE Healthcare, would replace Immelt as CEO, effective August 1. The company said its board had overseen a succession planning process since 2011. In addition, Chief Financial Officer Jeff Bornstein was named vice chair. "Given the focus by Mr. Immelt on 2018 financial targets, many investors had assumed a CEO change would occur by sometime next yea... [Full Article...]
'March Against Sharia' draws counter protest, police presence

US Fed raises rates, provokes caution in Indian markets
