UK millionaires set sail to Australia and Portugal
The United Kingdom continues to lose millionaires. An outflow of over 3,000 millionaires is expected for this year, double the number from last year, according to an annual…
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The World Bank has just raised its outlook for the US, but overall situation seems bleak
The eurozone slipped into recession and Chinese data disappointed, warning signs for global markets that are relieved that the turmoil in the banking sector in March did not…
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Europeans dissatisfied with influx of migrants, defunct institutions and senseless MPs
Europeans are becoming aware of the EU’s impact on their daily lives. At the same time, a narrow majority of EU residents show satisfaction with the democratic functioning…
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In IT, Innovation and Startups
Shutterstock acquires GIPHY for a tenth of the price Facebook paid for it
The forced sale of GIPHY has cost Facebook parent company Meta a lot of money. Stock photo service Shutterstock is buying the GIF platform for $53 million. Three…
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UK will police Netflix for ‘current public policy’ alignment
The long-delayed British ‘online safety Bill’ seems to finally become law this year and that is not without consequences for streaming platforms. To avoid high fines, Netflix is…
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In IT, Innovation and Startups
Activision Blizzard planed to acquire Time-Warner in 2016
In 2016, AT&T announced their intention to buy Time-Warner for $85.4 billion, but this was challenged by the US Department of Justice in 2017 when they did their…
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Turkish lira bows before Erdogan’s victory
The Turkish lira fell to a record low on Monday after President Tayyip Erdogan’s victory in this weekend’s elections shook investors, while most Latin American currencies rose on…
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Closer ties, but not within EU: Brexit seven years later
Almost seven years after the Brexit referendum, more than half of Britons want closer ties with the European Union again. This is according to a poll of 10,000…
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G7 comes up with the initiative to ‘support’ third world countries
The G7, a club of (mostly) Western countries, wants to continue cooperating with China but believes that the country takes too many risks and “disrupts the global economy.”…
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In IT, Innovation and Startups
Rishi Sunak ordered a renaissance of the high tech: will it be delivered?
The United Kingdom is set to invest approximately €1.15 billion in its own chip sector, according to the new UK Ministry of Science, Innovation, and Technology. The investment…
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