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UK signs nuclear fusion agreement with US after EU snub
Britain doubles down on its efforts to unlock a 'grid ready' reactor by 2020
After being rejected by a rival EU program due to Brexit, the UK signed an agreement with US to collaborate in nuclear fusion.
Andrew Bowie…
The founder of Europe’s biggest hedge fund says that big hedge funds spend’silly…
According to the cofounder of Europe's biggest hedge fund, the rise of multimanager hedge funds led to a "merry go round" of portfolio manager being offered "silly amounts of money".
Sir Paul Marshall, the co-founder and CEO of Marshall…
Turkey raises $2.5bn on the dollar bond market in its first deal since April
The first dollar bond deal since April raised $2.5bn by Turkey, as its new economic policies have attracted investors who had abandoned Turkish assets.
According to a termsheet, the country received bids of more than $7bn on Tuesday for…
UK gilts rise after BoE signals it is open to rate reductions in 2024
UK gilts rose sharply on Monday as traders took advantage of comments made by a senior Bank of England official who suggested that the Bank may be prepared to consider lowering interest rates in mid-next year.
After Huw Pill said that…
Denmark says EU farmers should be responsible for carbon emissions.
The Danish climate minister said that EU farmers must pay for their greenhouse gases emissions. This comes as Brussels struggles with reining in a sector which is projected to be the biggest polluter of the EU by 2040.
Lars Aagaard…
EU and UK ban foreign fossil fuel project subsidies
According to sources familiar with the issue, the UK and EU are pushing the richest countries in the world to stop subsidizing foreign oil and gas production and coal mining. This will happen at a closed door OECD meeting scheduled for next…
Euroclear makes €3 billion from frozen Russian assets
Euroclear earned over €3bn this year in profits from Russian assets that were frozen by EU sanctions at the securities depositories. This windfall is likely to increase pressure on European leaders for them to send the profits to Ukraine.…
UK removes the cap on banker’s bonuses
As part of its post Brexit push to boost London's City, the UK announced it would scrap the EU-inherited cap on bankers bonuses.
This move comes after a consultation in this year about whether to repeal a rule from 2014 that limited…
Recep Tayyip Erdo submits Sweden’s Nato application to Turkey’s Parliament
Recep Tayyip Erdoan, the president of Turkey, has sent Sweden's Nato application to the Turkish parliament for ratification. This brings the Scandinavian nation one step closer towards joining the western alliance.
The Turkish…
Power Capital Renewable Energy, a PE-backed company, is for sale: Times
There are flights from New York, London, Los Angeles, Paris, Bangkok, and Athens.
Israel's diaspora, which includes reservists and volunteers, is returning home despite the cancellation of services by several airlines.
Israel Bachar is…
Investors pay highest premium ever to hold European risky debt
The highest premiums in seven years are being paid by Europe's most risky corporate borrowers to access the €412bn junk bonds market. This is a sign of growing concerns that an extended period of high rates and a slowdown in the economy…
It’s been three decades since Eurostar was a serious competitor
The Spanish startup, Evolyn, has revealed plans for a new service in the Channel Tunnel - it could be good news for British travellers
In theory, the news that a new investor is planning to launch a rival to Eurostar should be…
Amazon announces plans to deliver packages via drones in the UK and Italy
Amazon announced that it will begin delivering packages by drone in the UK and Italy for the first-time as part of its ambitious airborne program.
The American tech giant announced on Wednesday it would introduce autonomous aircraft…
Dutch plan to phase-out EU fossil fuel subsidies is criticized by airlines
Airlines have criticised the Dutch plan to phase out fossil fuel subsidies across Europe, saying that such a move is fanciful unless there are more affordable and environmentally friendly travel options.
Michael O'Leary, the CEO of…
Xi’s $1 Trillion Project of the Century Gets a Reality check
When President Xi Jinping called the Belt and Road project the "project for the century" when he first assembled world leaders in 2017 to map his vision of expanding Chinese softpower via a web infrastructure investment.
The future of the…
Italy announces €24bn of tax cuts and wage increases to boost the faltering economy
Giorgia Mello, the Italian Prime Minister, plans to spend €24bn next year on tax cuts and pay increases for public sector workers to boost consumption and revive a stagnant economy. This is despite investor concerns over Italy's finances.…
European gas prices rise on fears of global supply disruption
The European gas price hit its highest level since March, as traders feared that the global energy supply would be affected by disruptions to pipelines and conflict between Israel and Hamas.
Since the Hamas-Israel attack last weekend,…
Finland investigates possible sabotage of Baltic Gas Pipeline
Helsinki is looking into whether sabotage was responsible for a gas leak from a Baltic Sea pipeline and the breakage of a data cable connecting Finland and Estonia.
Sauli Niinisto said that damage to the cable and pipeline was caused by…