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

The Pain of Austerity

Sarah Yerkes examines the causes behind the ongoing protests in Tunisia, and advises less of a resort to force.

 

Sarah Yerkes is a fellow in Carnegie’s Middle East Program, where her research focuses on Tunisia’s political, economic, and security developments as well as state-society relations in the Middle East and North Africa. Yerkes is a regular contributor to Diwan and last week she co-authored, with Perry Cammack, an article on U.S. threats to cut funding to the United Nations Relief and Works Agency. She also interviewedTunisian Prime Minister Youssef Chahed last July for Diwan. Yerkes sat for an interview with Diwan in early January to explain the ongoing demonstrations in Tunisia and what they mean for the country’s leadership.

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