Uber’s licence suspended in British city of Sheffield

The firm can continue to operate until Dec. 18 and if it chooses to appeal the suspension, it can still run until that appeal is heard, Sheffield City Council said Next week, Uber will head to court in London to defend its right to operate in the capital, its most important European market    Uber's … Continue reading Uber’s licence suspended in British city of Sheffield

Trump hasn’t deterred Chinese students from enrolling, University of California says

President Donald Trump has signaled his intention to tighten immigration policies, but that has not deterred Chinese students from applying to the University of California In 2016, nearly 20,000 students from China enrolled in the university, almost 10 times more than in 2000, said Christine Gulbranson, senior vice president at the University of California's Office … Continue reading Trump hasn’t deterred Chinese students from enrolling, University of California says

GOP is set to pass a tax cut nobody likes, pushed by a president they like even less

Two new polls demonstrate the unpopularity of President Donald Trump and the GOP's tax overhaul They set up what could be a dismal midterm election cycle for Republicans, Politico's Ben White says   Republicans are about to pass a tax plan that most people don't like, pushed by a president they like even less. That's … Continue reading GOP is set to pass a tax cut nobody likes, pushed by a president they like even less

European shares higher after Brexit breakthrough; banks up 3% on rules deal

The pan-European Stoxx 600 was up 0.87 percent during mid-morning deals, with almost all sectors and major bourses in positive territory Europe's banking index led the gains on Friday morning, up almost 3 percent after global regulators signed a long-awaited agreement in the previous session The U.K. and European Union finally agreed upon three particular … Continue reading European shares higher after Brexit breakthrough; banks up 3% on rules deal

Decade in the making: post-crisis banking rules finally signed

The rules, known as Basel III, aim to shield governments by having private investors suffer losses first "The focus of the reforms was to reduce regulatory uncertainty," European Central Bank President Mario Draghi, the chairman of Basel's oversight body, said   Financial regulators reached a long-sought deal on Thursday to harmonize global banking rules, capping … Continue reading Decade in the making: post-crisis banking rules finally signed