Encouraging gains on Wall Street were propelling up stocks in Asia and Australia. Barring Hang Kong and Japan, all the major market benchmark indices in Asia and Australia, rose.
The UK Home Secretary has placed a draft bill allowing the law enforcers to bulk collection of internet traffic. The civil rights bodies have protested the bill accusing it to stand against individual privacy. However, the home secretary expects, through passing the bill, UK will be the first country enacting the most draconian surveillance laws.
The European Bank for Reconstruction and Development (EBRD) is supporting National Bank of Greece via its trade finance scheme. From 2015, EBRD is investing in Greece, helping the crisis-hit economy recover as early as possible.
GIB has intended to borrow money instead of using public funds aiming to expand overseas. However, Environmental Audit Committee has recommended the government keeping a minority stake in GIB to ensure the bank’s objectives as well as its long-term strength. Following the recommendation, the government has started bidding for selling at least majority of the stake in GIB.
Google’s Digital News Initiative (DNI) program has just granted more than $30 million to selected projects in 23 European countries. It’s the first batch of the long-term $170 million project to help stimulate innovation in digital journalism.
Intending the erase the image of lavish supercar maker, McLaren has introduced its 570 GT model. The auto manufacturer has pledged to continue producing cheaper cars for broadening its arena in the UK automobile market. The car maker has adopted an expansion strategy involving £1 billion fund aiming to triple the yearly production.
Spain-based Caixabank is planning to buy the stake of Isabel Dos Santos in Portugal's Banco BPI SA. The negotiations over the acquisition are still going on and may be completed soon.
Last week, Google announced to invest $30 million to news organizations in Europe. This is a part of the Digital News Initiative plan launched by the Internet giant.
The Dell's acquisition of EMC Corp for $59 billion is going ahead as per the schedule. EMC shareholders are expected to vote on the deal in May. Dell's Michael Dell said in a memo that the deal would be completed according to the stipulated schedule.
Lamborghini is celebrating its founder’s 100th birth anniversary. To mark the day, the lavish car maker has unveiled a new Lamborghini Centanario supercar equipped with its signature V-12 engine. All the 40 production edition of the model has already been sold out which are scheduled to be manufactured within 2017.
The world-biggest asset management firm, BlackRock Inc warned that withdrawal from EU will damage financial sector in the UK. The nation will face higher unemployment and inflation if Brexit's decision is taken.
A team, comprising of aerospace engineers and enthusiasts from Moscow University of Mechanical Engireering has successfully raised cloud-fund. The fund will be used to launch an observatory satellite. A reflector placed in the earth orbit will enlighten the satellite to appear as the brightest planet in the earth.
Danske Bank has reportedly spent $60 million against its workforce compared with a year earlier. Meanwhile, the bank company has recently achieved an average ‘buy’ rating from most of the analysts. To retain the achievement with further upgrading, the bank has adopted cost cutting measures which include job cuts in 46 positions of mostly the IT portfolio.
Merkel government has taken a bold step supporting the fleeing refugees. Recently, the German Chancellor has requested the other European countries to reopen their borders to ease the refugee pressure on Greece. Greece has requested for emergency financial assistance from other European countries.
European Central Bank (ECB) is expected to launch monetary stimulus next month to help banking system in euro zone. Norwegian's biggest bank DNB ASA supported the effort as stated by its chief of asset management.