Tag Archives: financial

The Latest: Greece Orders Financial Probe of Refugee NGO

BUCHAREST, Romania (AP) — The Latest on Europe’s response to the large numbers of migrants and refugees trying to reach the continent (all times local): Greek judicial authorities have ordered an investigation into allegations that staff at a European Union-funded NGO sexually exploited refugees and misused money intended for their welfare. Immigration Minister Ioannis Mouzalas on Monday handed… Read More »

Alibaba’s Ant Financial buys MoneyGram for $880m

Ant Financial, the digital payments arm of e-commerce giant Alibaba, is buying US-based MoneyGram for $880m (£700m). MoneyGram has about 350,000 outlets in nearly 200 countries. Ant Financial has more than 630 million users. The takeover by the Chinese group will need regulatory approval from the US Committee on Foreign Investment. The inter-agency committee reviews foreign acquisitions of… Read More »

EU Brexit chief sees special care for financial service ties

The European Union’s Brexit negotiator Michel Barnier said on Saturday that the EU will demand “special vigilance” before letting British financial firms access the bloc because of the large risk London could pose to the EU’s financial stability. Responding to a report in the Guardian which said he had told EU lawmakers that he wanted a special deal… Read More »

Brexit threatens 10 percent of London financial jobs: lobby group

Up to 10 percent of jobs in London’s financial district may be lost if Britain fails to secure adequate access to European Union markets after Brexit, a City of London official said on Wednesday. Bankers first called for full access after June’s vote to leave the European Union but such hopes have now faded, leaving the sector to… Read More »

Twitter Partners With Cheddar to Live Stream Financial News

Twitter said Monday it would be offering users live-streamed video programs on technology, media and business as the social network seeks to broaden its audience. The new service will be in partnership with the live and on demand video news network Cheddar, the companies announced. “Twitter is the fastest way to find out what’s happening in the world,… Read More »

Twitter Partners Bloomberg to Live Stream Financial News

The micro-blogging website Twitter and Bloomberg Media have signed a deal to live stream several media company’s TV news shows on Twitter platform. The partnership includes streaming rights shows like Bloomberg West, What’d You Miss? and With All Due Respect, along with the network’s daily stock market coverage. Although the amount of the deal was not disclosed, the… Read More »

Britain suffers biggest downturn in productivity since the financial crisis

Britain has lurched further into its national productivity crisis, with hourly output at the end of last year registering its biggest quarterly fall since the 2008 financial crisis. Productivity, the crucial statistical metric that underpins overall economic growth and sustainable increases in national living standards, fell by 1.2 per cent in the three months to December, the Office… Read More »