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.


Taiwanese students in Norway involved in visa row

The students are taking legal action against the Norwegian government in order to be recognised as Taiwanese on their visas – which currently identify them as Chinese

The students have formed a  group called ‘Taiwan: My Name, My Right’ in order to lobby the government to label them officially by their original nationality.

The group has alleged that the action contravened identity protections in the Norwegian constitution, the UN Covenant on Civil and Political Rights and the European Convention of Human Rights.

This echoes the long-running diplomatic dispute between the two territories, both of which are ruled by governments that see themselves as the ‘true’ Chinese administration.

Joseph, a student at The University of Oslo, stated:“I was wrongly recognised as a citizen [of a country] which I don’t identify myself as,” to The PIE News.

“I also came here to learn about human rights and freedom of speech, but this administrative decision is totally against what I [hoped for].” He added, further stating that that before 2010, Taiwanese students in Norway were recognised by their original nationality.

Reports have stated that the Taiwanese foreign ministry is assisting the students with their case.

 “The Norwegian government faced very strong pressure from the Chinese government, and it even boycotted their transportation to Norway and stop negotiating with the Norwegian government,” Joseph elaborated.

“I am fully… Taiwanese, and proud. When you register me as Chinese, that is a really strong insult against [me],” he stated.

In 2017, the Taiwanese group lodged an appeal against the decision to register them as citizens of China, which the Norwegian government had eventually dismissed after eight months. According to ‘Taiwan: My Name My Right’, in March 2018, the Norweigian Immigration Appeal Board maintained a ruling stating that it is bound by the EU’s One-China Policy and that the registration does not have an influence upon the rights and obligations of the parties concerned.

While Norway is not yet a full member of the EU, it does accept some rulings and policies as part of the European Economic Area.

The group has now started a crowdfunding campaign to hire a Norwegian lawyer.

-GBO Correspondent

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