• Russia's Gazprombank freezes accounts of Venezuela's PDVSA: source
    Reuters11 minutes ago

    Russia's Gazprombank freezes accounts of Venezuela's PDVSA: source

    While many foreign firms have been cutting their exposure to PDVSA since the sanctions were imposed, the fact that a lender closely aligned with the Russian state is following suit is significant because the Kremlin has been among Venezuelan President Nicolas Maduro’s staunchest supporters. "PDVSA

  • In Brexit limbo, UK veers between high anxiety, grim humour
    The Canadian Press23 minutes ago

    In Brexit limbo, UK veers between high anxiety, grim humour

    Pretty much everyone in the U.K. agrees that the Conservative government's handling of Brexit has been disastrous. With Britain due to leave the EU in six weeks and still no deal in sight on the terms of its departure, both supporters and opponents of Brexit are in a state of high anxiety. Brexiteers

  • Bloomberg39 minutes ago

    Saudi-French Joint Venture to Build Warships in the Kingdom

    The Saudi government-backed firm will hold a 51 percent stake and the French naval defense company will have the rest. The new company will develop, engineer and manufacture frigates, corvettes and possibly submarines, the chief executive officer of Saudi Arabian Military Industries, Andreas Schwer,

  • May Pleads for Unity as EU Talks Set to Continue: Brexit Update
    Bloomberg46 minutes ago

    May Pleads for Unity as EU Talks Set to Continue: Brexit Update

    U.K. Prime Minister Theresa May has started a desperate appeal to her Conservative Party, writing to lawmakers on Saturday to ask them to unite behind her in driving through a Brexit agreement that might be palatable to European Union leaders. Key DevelopmentsMay said she’s planning to return to Brussels

  • Hundreds stranded as British airline Flybmi collapses
    The Canadian Press54 minutes ago

    Hundreds stranded as British airline Flybmi collapses

    LONDON — Hundreds of passengers throughout Europe have been stranded by the abrupt collapse of the British regional airline Flybmi.British Midland Regional Limited, which operates as Flybmi, said it's filing for administration — a British version of bankruptcy — because of higher fuel costs and uncertainty

  • Flybmi's Collapse Over Brexit Strands Passengers Across Europe
    Bloomberg55 minutes ago

    Flybmi's Collapse Over Brexit Strands Passengers Across Europe

    U.K. student Mary Ward was in Brussels waiting for a flight to Newscastle on Saturday when she received the airline’s text that said all flights had been canceled, and was directed to the airline’s website, according to an account on the BBC. “It has become impossible for the airline’s shareholders

  • Bloomberg57 minutes ago

    Qatar's Financial Hub to Add Sports, Media to Compete With Dubai

    The new strategy is focused on building out four "clusters" for activities ranging from sports to media, Yousuf Al-Jaida, chief executive officer of the Qatar Financial Centre Authority, said in Doha. The center drew up the plan after Saudi Arabia, the United Arab Emirates, Bahrain and Egypt

  • Aurora attacker took gun to work he shouldn't have owned
    The Canadian Press58 minutes ago

    Aurora attacker took gun to work he shouldn't have owned

    AURORA, Ill. — The man who opened fire and killed five co-workers including the plant manager, human resources manager and an intern working his first day at a suburban Chicago manufacturing warehouse, took a gun he wasn't supposed to have to a job he was about to lose.Right after learning Friday

  • Airbus warns of no-deal Brexit, says has spent tens of millions preparing
    Reuters1 hour ago

    Airbus warns of no-deal Brexit, says has spent tens of millions preparing

    Airbus said on Sunday it would have to make "difficult decisions" about future investment if Britain crashes out of the European Union without a deal, adding it had already spent tens of millions of euros in preparations. "There is no such thing as a managed 'no deal', it'

  • From Bogart to millennials: Italian hat maker tries new look
    The Canadian Press2 hours ago

    From Bogart to millennials: Italian hat maker tries new look

    The traditional Italian hat maker Borsalino, whose fedora has defined the rough-and-tumble images of Robert Redford, Frank Sinatra and Humphrey Bogart, has a plan to appeal more to women and millennials by pushing into high-end fashion, streetwear and even sportswear. The recent troubles of the company

  • Bloomberg2 hours ago

    Saudi Crown Prince Stepping Up Bid for Manchester Utd., Sun Says

    Bin Salman first made a bid for the team in October, the Sun said, but the diplomatic row that followed the murder of journalist Jamal Khashoggi in the Saudi embassy in Istanbul “put the skids” on the offer. United is controlled by the American Glazer family, owners of the NFL’s Tampa Bay Buccaneers

  • France's yellow vests mark 3 months amid racist tensions
    The Canadian Press3 hours ago

    France's yellow vests mark 3 months amid racist tensions

    PARIS — French yellow vest protesters are marking three months since the kickoff of their anti-government movement, after anti-Semitic remarks by some demonstrators raised national concerns about the movement's ascendant radical fringe.Demonstrators called for multiple rallies around Paris and some

  • ECB Eyes Data as Slowdown Proves ‘Significant,’ Villeroy Says
    Bloomberg4 hours ago

    ECB Eyes Data as Slowdown Proves ‘Significant,’ Villeroy Says

    The ECB has so far stuck to its guidance that it will keep borrowing costs at record lows at least through the summer, indicating hikes could come after that. Asked an interview with Spanish paper El Pais if poor economic data decreases the likelihood of a rate increase after the summer, Villeroy said

  • The OPEC+ Oil Deal Is Standing on One Wobbly Leg
    Bloomberg6 hours ago

    The OPEC+ Oil Deal Is Standing on One Wobbly Leg

    (Bloomberg Opinion) -- I know a little bit about standing on one leg; my daughter has encouraged me to learn to water ski. It’s not easy at my age, in England, in winter. OK, I’m actually on two legs, but they are on one ski. I tend to wobble a lot and to fall over much more than I would like. It sort

  • Qatar's real estate market faces reality check ahead of World Cup
    Reuters6 hours ago

    Qatar's real estate market faces reality check ahead of World Cup

    The office tower, now a familiar part of the capital's high-rise skyline, has run foul of what real estate brokers, bankers and analysts say is an oversupplied Qatar property market ahead of the 2022 World Cup that mirrors a real estate downturn in the wider Gulf region after a drop in oil prices

  • Nissan panel to recommend outside director to chair board: Nikkei
    Reuters9 hours ago

    Nissan panel to recommend outside director to chair board: Nikkei

    A Nissan Motor governance committee will recommend the appointment of an external director as board chairman, a role distinct from company chairman, in a move to decentralize power at the top level, the Nikkei business daily reported on Sunday. Under Nissan's current corporate charter, the position

  • Central Bankers Take to Stage as Dovish Outlooks Spread
    Bloomberg9 hours ago

    Central Bankers Take to Stage as Dovish Outlooks Spread

    The U.S. Federal Reserve will on Wednesday publish minutes from its recent meeting, which will likely show how much conviction there was among policy makers to suspend their interest rate hiking campaign. Fed officials John Williams, Richard Clarida and Randal Quarles are among those speaking on Friday

  • The Canadian Press9 hours ago

    Jason Kenney pledges education revamp if UCP wins power in Alberta

    Alberta Opposition leader Jason Kenney says if his United Conservative party wins power, it will retool the education system to make it practical and adaptable for the modern, digital age. "We will reform our education system to offer more practical, experiential and apprenticeship learning for

  • Bankers Are Sick of Choosing Sides Between Qatar and Saudi Arabia
    Bloomberg11 hours ago

    Bankers Are Sick of Choosing Sides Between Qatar and Saudi Arabia

    Executives from HSBC Holdings Plc, Goldman Sachs Group Inc. and other global banks are intensifying efforts to repair ties with Qatar’s finance ministry and sovereign wealth fund, according to interviews with people close to the lenders and Qatar’s government. While the kingdom remains key for business

  • Merkel defends Iran deal, multilateralism but Pence resists
    The Canadian Press11 hours ago

    Merkel defends Iran deal, multilateralism but Pence resists

    German Chancellor Angela Merkel drew lengthy applause Saturday for her spirited defence of a multilateral approach to global affairs and support for Europe's decision to stand by a nuclear deal with Iran. U.S. Vice-President Mike Pence was not among the impressed, however, and he doubled down on

  • Reuters11 hours ago

    Canadian National train derails in Manitoba, leaks oil

    A Canadian National Railway Co train derailed early on Saturday in Western Canada, leaking an undetermined volume of crude oil, the company said. The leak has been contained and has not entered the nearby Assiniboine River, CN spokesman Jonathan Abecassis said in a statement. The derailment comes as

  • Conservative leaders to attend against Bill C-69 in Saskatchewan
    The Canadian Press12 hours ago

    Conservative leaders to attend against Bill C-69 in Saskatchewan

    The premiers of Saskatchewan and New Brunswick joined Conservative leader Andrew Scheer on a panel at a rally in rural Saskatchewan on Saturday that was held to draw attention to legislation that would overhaul how major energy projects are assessed. What we need is a federal government that supports

  • India’s Sleepwalking to Trouble on Builder Debt
    Bloomberg12 hours ago

    India’s Sleepwalking to Trouble on Builder Debt

    (Bloomberg Opinion) -- Five months. That’s how long it takes Country Garden Holdings Co. to start selling apartments after acquiring land. A spate of fatal accidents forced the Chinese builder to slow things down a notch last year, but the pace of construction may pick up again when robots start plastering

  • Singapore Plans Cautious Budget With an Eye on Election
    Bloomberg12 hours ago

    Singapore Plans Cautious Budget With an Eye on Election

    While not expected to be as headline-grabbing as last year -- when Heng flagged a hike in the goods-and-services tax -- the 2019 budget will cover a range of familiar policy priorities. Infrastructure spending, more health-care support for a rapidly aging population, and help for firms transitioning

  • Reuters12 hours ago

    Canadian National train derails in Manitoba, leaks oil

    A Canadian National Railway Co train derailed early on Saturday in Western Canada, leaking an undetermined volume of crude oil, the company said. The leak has been contained and has not entered the nearby Assiniboine River, CN spokesman Jonathan Abecassis said in a statement. The derailment comes as