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.

EDUCATION TOP STORIES

Spain, Russia to hold year of education and science in 2019-2020

Spain-Russia-to-hold-GBO

Both countries will hold a cross year of education and science in the two years, according to Spanish Minister of Science Pedro Duque

Duque communicated the information to Sputnik this week, stating: “It will be 2019 or 2020. We will try to start it in 2019. We want to expand our relations.”

“A few years ago, there was a cross year of tourism. Now, we will hold a year of education, higher education and science,” Duque further added to the statement.

According to Duque, there are numerous projects that Spain should implement with the participation of Russia.

In 2016-2017, the Russia-Spain year of tourism was successfully held by Moscow and Madrid.

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