Stock markets have retreated again over worries of further US interest rate rises after the Federal Reserve defied Donald Trump to increase rates for the fourth time this year.

The EU has confirmed it is “actively investigating” a potential breach of its diplomatic communications network, following reports that secret cables had been stolen by hackers.

The Bank of England has welcomed a “crucial and positive” move by the EU to help keep a key part of the financial system functioning in the event of a “no-deal” Brexit.

A handful of banks will be forced to write multimillion pound cheques to buy shares in the construction giant Kier Group after some of its biggest investors snubbed the chance to take part in a £250m fundraising.

GlaxoSmithKline (GSK) is to merge its consumer healthcare unit with that of rival Pfizer, to create a new market leader with almost £10bn in annual sales.

 

Santander has been fined more than £30m for “serious failings” in processing the accounts of dead customers, the Financial Conduct Authority (FCA) says.

VIDEOS

How Democracies Die

Understanding patterns of democratic collapse has become necessary knowledge in the United States.

Understanding patterns of democratic collapse has become necessary knowledge in the United States. Drawing on their new book, How Democracies Die, Steven Levitsky and Daniel Ziblatt will analyze patterns of democratic failure across Europe and Latin America and examine the current state of U.S. democracy in a comparative light. Carnegie’s Thomas Carothers will moderate the discussion.

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