Lloyd’s of London chooses Brussels for EU base on strong regulation – Reuters

LONDON Insurance market Lloyd’s of London, an integral part of the British business scene since the 17th century, has chosen Brussels as the site for its European Union subsidiary because of its strong regulatory framework, it said on Thursday. Lloyd’s has been one of the most vocal financial services firms about the need for an […]

Fourth-quarter economic growth revised higher, boosted by consumer spending – Reuters

WASHINGTON U.S. economic growth slowed less than previously reported in the fourth quarter as robust consumer spending spurred the largest increase in imports in two years. Gross domestic product increased at a 2.1 percent annualized rate instead of the previously reported 1.9 percent pace, the Commerce Department said on Thursday in its third GDP estimate […]

The House just voted to wipe away the FCC’s landmark Internet privacy protections – Washington Post

Congress sent proposed legislation to President Trump on Tuesday that wipes away landmark online privacy protections, the first salvo in what is likely to become a significant reworking of the rules governing Internet access in an era of Republican dominance. In a party-line vote, House Republicans freed Internet service providers such as Verizon, AT&T and […]

London Stock Exchange CEO Watches His Biggest Merger Bet Die – Bloomberg

The biggest deal in former Goldman trader Xavier Rolet’s career is dead, and so are his plans for imminent retirement. While Rolet, chief executive officer of the London Stock Exchange Group Plc, has pulled off a string of successful deals, his quest to create a European champion exchange operator was a step too far for regulators. The […]

Trump touts jobs as Ford invests $1.2 billion in Michigan plants – Washington Post

U.S. President Donald Trump, second left, shakes hands with Mark Fields, president and chief executive officer of Ford Motor Co., center, before a meeting in the Roosevelt Room of the White House in Washington, D.C., on Jan. 24. (Shawn Thew/Pool via Bloomberg) Ford will invest $1.2 billion to build or modernize three facilities in Michigan where it plans to assemble trucks […]

China’s Tencent takes 5 percent stake in electric-car maker Tesla – Reuters

Tesla Inc (TSLA.O), the California-based electric carmaker, said Chinese tech giant Tencent Holdings Ltd (0700.HK) acquired a 5 percent stake for $1.78 billion. The purchase, revealed in a U.S. regulatory filing, pushed Tesla’s stock higher in early trading, making it the second most valuable U.S. auto company ahead of Ford Motor Co (F.N) but behind […]

Kushner offers to meet with Senate Intel Committee over Russia meetings – CNN

Chat with us in Facebook Messenger. Find out what’s happening in the world as it unfolds. Kushner offers to meet with Senate Intel Committee over Russia meetings – CNN

Why The Outrage Over United Shouldn’t Have Legs – Forbes

Women in yoga pants in Miami Beach, Florida.(Photo by Joe Raedle/Getty Images) Can everyone just strike a Zen pose and breathe before hurling another day of tweet-invective at United Airlines? The case of the girls in leggings who were kept off a flight from Denver to Minneapolis seems to have America tied up in knots. But this […]

OPEC, non-OPEC to look at extending oil-output cut by six months – Reuters

KUWAIT A joint committee of ministers from OPEC and non-OPEC oil producers has agreed to review whether a global pact to limit supplies should be extended by six months, it said in a statement on Sunday. An earlier draft of the statement said the committee “reports high level of conformity and recommends six-month extension”. But […]

As Uber Grew Hastily, Diversity Took a Backseat – Bloomberg

Efforts to hire more women and people of color at Uber Technologies Inc. have been long hindered by a peculiar constraint. Members of the recruiting team were denied access to information about the company’s diversity makeup, according to several people familiar with Uber’s hiring apparatus.  The recruiting arm assigns some members to focus on hiring […]

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