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Digital firms pay less than half tax of traditional rivals: EU Commission

Yves Herman | Reuters European Union flags fly at the entrance of the European Commission headquarters in Brussels, Belgium September 29, 2015. Digital companies in the European Union pay in tax less than half the amount paid by traditional firms, the European Commission said in a draft report which backs …

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Sterling jumps to $1.35 after report suggests Boris Johnson may resign

Carl Court | Getty Images British Foreign Secretary Boris Johnson speaks ahead of Prime Minister Theresa May during her last campaign visit at the National Conference Centre on June 7, 2017 in Solihull, United Kingdom. The British pound leaped half a cent to $1.35 on a report that British Foreign …

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Bank of England’s Carney sees Brexit pushing up inflation, rate rise likely

Chris Ratcliffe | Bloomberg | Getty Images Mark Carney, governor of the Bank of England (BOE). Bank of England Governor Mark Carney said Brexit was likely to push up Britain’s inflation rate and he reiterated the central bank’s new view that interest rates are likely to rise in the comingmonths. …

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Global banking bosses eye Brexit contingency plans at Singapore Summit

Luke MacGregor | Bloomberg | Getty Images Postcards showing the British Union flag, also known as Union Jack, sit on display at a souvenir store near to the Elizabeth Tower, also known as ‘Big Ben’, in London, U.K. The logistics are not as simple for non-European banks such as Japan’s …

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Second man arrested in London train attack investigation, Metropolitan police say

Peter Nicholls | Reuters A passenger sits on an underground train leaving Parson’s Green station after it reopened following an explosion on a rush hour train yesterday morning, in London, Britain, September 16, 2017. A second man was arrested in the U.K. by detectives from the Metropolitan Police’s counter-terrorism command …

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Europe suggests Trump won’t back out of Paris climate accord, but White House quickly denies it

Kevin Lamarque | Reuters President Donald Trump announces his decision that the United States will withdraw from the landmark Paris Climate Agreement, in the Rose Garden of the White House in Washington, U.S., June 1, 2017. The White House immediately disavowed on Saturday a Wall Street Journal report suggesting the …

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Why as an investor, one should care about Portugal’s credit rating

Horacio Villalobos | Getty Images A couple look at Alfama, one of the city’s historic neighborhoods, from the Miradouro de Santa Luzia in Lisbon, Portugal. Portugal’s credit rating is set to return to the headlines Friday as Standard & Poor’s updates its opinion on the southern euro zone economy. This …

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Swiss central bank changes mantra on franc overvaluation

Gianluca Colla | Bloomberg | Getty Images The Swiss National Bank (SNB), Switzerland’s central bank, in Bern, Switzerland, on Wednesday, April 18, 2012. “The Swiss franc nevertheless remains highly valued, and the situation on the foreign exchange market is still fragile,” the SNB said in a statement after its quarterly …

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Buildings evacuated in Moscow after bomb threats: Report

Sergei Karpukhin | Reuters A security guard blocks the entrance to the State Department Store, GUM, due to a bomb threat in central Moscow, Russia September 13, 2017. Russian authorities evacuated people from dozens of buildings in Moscow on Wednesday after a flurry of anonymous phone calls asserting the locations …

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China falls behind Spain and Ireland in 2016

SAUL LOEB | AFP | Getty Images U.S. President Donald Trump and Chinese President Xi Jinping (R) pose prior to a meeting on the sidelines of the G20 Summit in Hamburg, Germany, July 8, 2017. Spain, Ireland and the Netherlands were among the top nations investing the most in the …

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