WeWork co-founder Adam Neumann has started talks with board directors and investors to discuss his future role, including the possibility of giving up his title as chief executive, at the U.S. office-sharing start-up, people familiar with the matter said on Monday. Neumann has not yet agreed to step aside as […]
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UK’s highest court says Boris Johnson’s parliament suspension is unlawful
The highest court in the U.K. has determined that the government’s decision to suspend parliament for five weeks was unlawful. Sterling jumped nearly 0.40% on the back of the decision to trade at $1.2478. The President of the Supreme Court, Brenda Hale, said Tuesday the suspension of parliament was not […]
UK’s highest court to rule on whether parliament shutdown is lawful or not
United Kingdom Prime Minister Boris Johnson speaks at the United Nations (UN) Climate Action Summit on September 23, 2019 in New York City. Spencer Platt | Getty Images News | Getty Images The British Supreme Court is preparing to rule on the lawfulness of U.K. Prime Minister Boris Johnson’s decision […]
Google does not have to apply ‘right to be forgotten’ globally, EU court rules
Google’s headquarters in Mountain View, California. David Paul Morris | Getty Images News | Getty Images Google does not have to apply the right to be forgotten globally, the European Court of Justice ruled Tuesday. Europe’s top court had been looking at two separate cases involving the search engine: whether […]
EU court rules on Starbucks and Fiat tax breaks
EU Commissioner of Competition Margrethe Vestager speaks during an interview to AFP at the European Commission in Brussels on May 3, 2019. EMMANUEL DUNAND | AFP | Getty Images Fiat will have to repay up to 30 million euros back in taxes, Europe’s second highest court ruled Tuesday. In a […]
We want China to ‘wake up’ and open its economy even more, says European business group
A Chinese flag at the Broken Bridge that once connected the Chinese border city of Dandong, Liaoning province and the North Korean town of Sinuiju. Greg Baker | AFP | Getty Images China’s efforts to open up its economy have not been enough to improve foreign companies’ access into the […]
Trump says he did not ask Ukraine to investigate Biden in exchange for aid
President Donald Trump speaks in the Oval Office in Washington, DC. Win McNamee | Getty Images U.S. President Donald Trump on Monday said that he did not tell Ukranian leader Volodymyr Zelensky that the country would only receive aid if it investigated former Vice President Joe Biden and his family. […]
India’s surprise tax cut spurs questions about offsetting lost revenue, economic impact
Roadside barber Ranjit (R) shaves a customer’s beard under the flyover in Amritsar on September 22, 2019. Narinder Nanu | AFP | Getty Images India’s unexpected tax cut raises questions about how the government will make up for the lost revenue, one economist told CNBC on Monday. Indian Finance Minister […]
Trump ordered aid freeze as more Democrats push for impeachment
President Donald Trump ordered his staff to freeze nearly $400 million in aid to Ukraine a few days before a phone call in which he pressured the Eastern European nation’s leader to investigate the family of political rival Joe Biden, a new revelation that comes as more Democrats move toward […]
Democrats’ push for impeachment grows over Trump’s Ukraine call
Lawmakers in Congress on Monday pressed for full disclosure of a whistleblower’s complaint about President Donald Trump as Democratic calls for impeachment intensified over his conversation with Ukraine’s leader. Trump insisted he did nothing wrong. Democrats, and some Republicans, urged the White House to be forthcoming amid the reports that […]