News 

Ireland rejects EU’s demand that it collect 13 billion euros from Apple

“BERLIN (Reuters) – Ireland’s finance minister rejected the European Commission’s demand that it retroactively collect 13 billion euros in taxes from Apple , saying this was not Dublin’s job in an interview with Germany’s Frankfurter Allgemeine (FAZ) newspaper” reports businessinsider.com. In the interview, extracts from which the FAZ published on Wednesday, Finance Minister Paschal Donohoe said the tax rules from which Apple benefited had been available to all and not tailored for the U.S. technology giant.”We are not the global tax collector for everybody else,” the paper quoted him as…

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DoorDash trials food delivery via Marble’s autonomous robots

“DoorDash is doubling down on its efforts to embrace robots and enhance its on-demand food delivery service” writes Paul Sawers for venturebeat.com. As it happens, DoorDash and Postmates have both previously tested out Startship Technologies’ robots for deliveries in the U.S. too.Alongside other startups in the food delivery and logistics realm, such as Postmates, DoorDash has carved out a sizable niche for itself in terms of connecting the dots between restaurants, transport infrastructure, and hungry consumers.Last year, European food delivery giant Just Eat claimed a “world’s first” ground-drone delivered meal using…

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News Stocks 

European stocks bounce toward 3rd straight rise

“BMW shares rose 0.5% in Frankfurt” writes Markets Reporter for marketwatch.com. European stocks pushed higher Wednesday, with stocks continuing to recover after the flare-up in tensions between the U.S. and North Korea.Fiat shares didn’t trade Tuesday as trading in Italy was closed for a holiday.The Stoxx Europe 600 index SXXP, +0.66% picked up 0.7% to 379.07, with only the telecom group showing a minor decline. Source: marketwatch.com Share This:

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Markets News 

European investors to return to equities as North Korean tensions show signs of subsiding

“European markets are on track to open higher Tuesday as tensions between the U.S. and North Korea show signs of subsiding, prompting investors to return to riskier assets” writes Karen Gilchrist for cnbc.com. Asian markets moved higher on the news, while U.S. stocks posted their best day of the summer during Monday trade. Source: cnbc.com Share This:

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GBP News 

London property sales slump as Brexit bites but Indians seeking ‘safe haven’ may take up slack

“Prime property in central London has lost its attractiveness among global investors due to the uncertainty over the country’s future relationship with the European Union” writes unknown author for cnbc.com. This is “in large part due to significant increases in taxation,” Naomi Heaton, CEO of London Central Portfolio, said in a statement Monday, but also due to a “wait-and-see attitude” from European investors as Brexit talks take place.European investors, who were the second largest buyers just two years ago, accounted for 7 percent of the sales over the last 12…

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GBP News 

UK retirees rushing to settle in Europe, say financial advisers

“British retirees are rushing to settle in European countries such as Spain, Portugal and France before the Brexit deadline, according to financial advisers, believing that such a move will become significantly more difficult in the future” writes Anushka Asthana for theguardian.com. Blevins Franks, which specialises in financial advice for those retiring into Spain, Portugal or France, has seen a 20% to 25% increase in business, he said. Source: theguardian.com Share This:

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GBP News 

Most Remain voters now back taking control of borders, leaving ECJ and paying no Brexit divorce bill

“Almost 70 per cent of people said they preferred a deal with the European Union which ended membership of the single market, ongoing payments and continued freedom of movement” writes Jack Maidment for telegraph.co.uk. A similar percentage of people said they would prefer “no deal” to a “soft Brexit”. Source: telegraph.co.uk Share This:

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News Oil Stocks 

European stocks face worst week in 9 months on U.S.-North Korea tensions

“European stocks were shoved lower Friday, heading for their worst weekly loss in nine months, as the war of words between the U.S. and North Korea prompted investors to back away from assets perceived as risky” writes Markets Reporter for marketwatch.com. The International Energy Agency said in its monthly report that global oil production rose in July, but it also upwardly revised its 2017 forecast for demand growth.Read: Opinion: What to do with stocks if the U.S. and North Korea go to war Oil stocks were feeling the additional weight…

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Markets News 

RV sales soar across Europe and US as people fall back in love with the road trip

“The latest numbers from the European Caravan Federation (ECF) show the European motorcaravan and caravan market did exceedingly well in 2016, registering its highest sales in seven years” writes Matt Clinch for cnbc.com. In the first quarter of this year, Germany – the largest market for leisure vehicles – saw a 6 percent year-on-year rise with 14,366 new registrations, whereas Great Britain showed a 6.6 percent rise with 9,770 new vehicles registered. Source: cnbc.com Share This:

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News Platforms 

Thomson Reuters Onboards 3 European Asset Managers to its KYC Platform Org ID

“Thomson Reuters Corp (TRI.TO) on Thursday reported that it has onboarded three European financial institutions serving the buy-side investment sector to its Org ID Know Your Customer (KYC) platform” reports financemagnates.com. Following discussions with several watchdogs across major global markets, the solution was developed in partnership with key market participants including leading financial institutions, asset managers and hedge funds. With the Thomson Reuters KYC managed service, we look to reverse this ratio of deployed activities by our team, while significantly reducing the overall time allocated to these critical responsibilities on…

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