International Monetary Fund managing director Kristalina Georgieva sits down with CNBC's Geoff Cutmore to discuss the state of the global economy amid the U.S.-China trade war.
Oct 17- Domino's Pizza Group Plc, Britain's biggest pizza delivery company, on Thursday said it would quit its loss-making international operations, sending shares higher in early trade. The decision to exit four European markets comes a few months after the company announced CEO David Wild would retire, in the midst of a row with disgruntled franchisees in the...
LONDON, Oct 17- Swiss federal prosecutors have found oil trading firm Gunvor Group criminally liable for corruption in Congo Republic and Ivory Coast, ordering it to pay almost 94 million Swiss francs, the Swiss Attorney General's Office said on Thursday. "The Geneva commodities trader has been convicted of failing to take all the organisational measures that...
The company, which is a franchise of U.S.-based Domino's Pizza Inc, said third-quarter group system sales rose 3.4% to 313.5 million pounds on strong demand in the UK and Ireland. The British company owns Domino's operations in Switzerland, Iceland, Norway and Sweden, and is a minority shareholder in the Germany operations as well. The decision to exit these...
"It will take time for us to address all of the regulatory concerns that were raised and it's our duty and our responsibility to come with answers to all of these questions," head of Libra David Marcus told a panel at the International Monetary Fund conference in Washington. Federal Reserve governor Lael Brainard reiterated those concerns on Wednesday, saying at...
LONDON, Oct 16- Uncertainty surrounding Britain's exit from the European Union has hit science funding to the tune of almost half a billion euros and is putting off international researchers from coming to Britain, a leading institution said on Wednesday. An analysis conducted by the Royal Society scientific academy found that the UK's annual share of EU...
WASHINGTON, Oct 16- Facebook Inc, whose digital currency project Libra has been abandoned by several high-profile partners including PayPal, Visa and Mastercard, still expects to get 100 banks and financial firms on board once it addresses regulatory concerns, the head of the project said on Wednesday. "It will take time for us to address all of the regulatory...
VIENNA, Oct 16- Airline Swiss expects to resume mostly normal service with its fleet of Airbus A220 jets on Thursday after temporarily grounding the jets for safety checks of their engines, it said on Wednesday. The inspections of Pratt& Whitney engines came after a Geneva- bound Swiss jet had to divert to Paris on Tuesday. In Seoul, Korean Air Lines Co Ltd said it had...
*China had record 1.55 mln patent applications in 2018- WIPO. GENEVA, Oct 16- China accounted for nearly half of global patent filings last year, with a record 1.54 million applications, led by telecoms and computer technology, the U.N.' s World Intellectual Property Organization said on Wednesday. "China has been a major driving force and the volume of applications...
SEOUL, Oct 16- Korean Air Lines Co Ltd said on Wednesday it had immediately launched inspections on its fleet of 10 Airbus SE A220 planes after a request from U.S. engine manufacturer Pratt& Whitney. "The inspections will take place sequentially, but they will not affect our operations," a Korean Air spokesman told Reuters. European airline Swiss on Tuesday briefly...
Swiss drugmaker Roche said it expects to finish its $4.3 billion takeover of Spark Therapeutics this year despite repeated delays.
KUALA LUMPUR, Oct 16- A palm oil industry watchdog will adopt rules next month that will impose fines on consumer goods companies like Unilever and Nestle if they don't start buying more green palm oil to help curb deforestation in Southeast Asia, the regulating body said. Producers of palm oil, a commodity used in everything from ice cream to lipstick, are blamed...
PARIS/ ZURICH, Oct 15- U.S. engine maker Pratt& Whitney faces new checks on engines for small jetliners after an engine failure forced a Geneva- bound Swiss jet to divert to Paris and prompted a brief grounding of the rest of the airline's Airbus A220 fleet. It came just hours after France's BEA agency launched an unusual appeal for 150 volunteers to scour an...
ZURICH, Oct 15- Sunrise Communications has won support from one of its largest shareholders for its $2.8 billion capital hike- the latest twist in the telecom company's battle to buy Liberty Global's Swiss business. Canada Pension Plan Investment Board, Sunrise's third biggest investor with a 5% stake according to Refinitiv data, said it will support the...
PARIS/ VIENNA, Oct 15- Pratt& Whitney recommended checks on engines on Airbus A220 aircraft and some Embraer jets after a Geneva- bound Swiss jet diverted to Paris with an engine problem, prompting the grounding of the rest of the airline's A220 fleet. French air accident investigators classified the problem that disrupted the Swiss flight shortly after...
WASHINGTON, Oct 15- The U.S.- China trade war will cut 2019 global growth to its slowest pace since the 2008-2009 financial crisis, the International Monetary Fund warned on Tuesday, but said output would rebound if their dueling tariffs were removed. The forecasts set a gloomy backdrop for the IMF and World Bank annual meetings this week in Washington, the first...
LONDON, Oct 15- A growing number of private equity firms are taking advantage of Europe's buoyant bond market to extract money from companies they hold by loading them with debt, prompting some investors to warn the fixed income rally is nearing its peak. Britain's Pinewood Studios, owned by Aermont Capital, and Spanish gaming company Cirsa, owned by Blackstone,...
VIENNA, Oct 15- Swiss airline Swiss has grounded its fleet of 29 Airbus A220 jets to make engine checks after one encountered technical problems on a flight to Geneva from London on Tuesday, the Blick newspaper reported, citing the airline. "Swiss has decided to carry out an engine inspection of the A220 fleet. For this reason, all A220s must undergo a comprehensive...
The Riksbank has been exploring the potential issuance of digital currencies as cash use in Sweden declines dramatically.
*Libra Association selects board at first meeting. "It is a correction; it's not a setback," said Dante Disparte, head of policy and communications for the Libra Association, whose 21 remaining members held their inaugural meeting in Geneva. Libra lost its last global payments backers on Friday, when Mastercard Inc and Visa Inc abandoned the Geneva- based Libra...
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