GBP News 

AND: Labour Frontbencher Risks Rift With Party By Taking Part In Second Brexit Referendum Rally

“Labour faces a fresh split over its Brexit policy after a frontbencher took part in a rally calling for a second referendum – despite party policy being to call Proud to speak at the @PeoplesVote_UK rally today” writes Night News Editor for huffingtonpost.com. Promises made in 2016 are so far removed from the reality of the Brexit deal, that we must take this decision back to the people. Source: huffingtonpost.com Share This:

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Markets News 

US job growth narrows to 155,000 in November as trade woes linger

“U.S. employers added 155,000 workers in November as the country’s economic expansion continued despite financial market volatility from rising interest rates and the Trump administration’s trade disputes” reports washingtonexaminer.com. The data buoy a forecast from Bank of America that the U.S. labor market will continue to tighten into next year, with annual wage gains reaching 3.5 percent by the end of 2019.”Between tightness in the job market, with some employers struggling to find qualified workers, we shouldn’t expect hiring to be blazing at this point.Payroll-processing firm ADP said earlier this…

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News 

Robot lawyers, smart cities and a political crisis could sum up 2019, UK firm predicts

“A “highly authentic-looking malicious fake video,” robot lawyers, smart cities and an exam-free curriculum for students are some of the things that the world could see by the end of 2019, according to Global innovation foundation Nesta” writes unknown author for cnbc.com. Tech and innovation experts from the organization published 10 predictions on Tuesday, with both risks and benefits on the cards. Source: cnbc.com Share This:

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News 

EUR/USD: Three reasons to prefer the downside – Barclays

“First, euro area growth is moderating and could be further negatively affected by a potential US-EU trade war” writes Yohay’s Google Profile for forexcrunch.com. Third, while we expect no major escalation of political risks in Italy before the European elections, the current equilibrium is very fragile, especially against a backdrop of decelerating economic activity and banking sector fragilities,” Barclays argues. “All of the aforementioned makes us think that risks to the single currency still skew to the downside,” Barclays adds. Source: forexcrunch.com Share This:

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The Office of the Comptroller of the Currency raised several warnings about potential problems for the financial system Monday, even as said it expected the banking system to be strong in the first half of 2018.

“In the long-term the U.S. could face a skilled worker shortage, the OCC warned” reports washingtonexaminer.com. The OCC also added increasing corporate debt to its list of worries.Those banking industry-specific risks could be exacerbated, the OCC warned, by the effects of political decisions, notably an ongoing trade war with China, and the economy simply running out of room to continue growing.Corporate debt, nonbank lending, and a substantial upcoming change to the way banks manage their books could all throw a wrench into the currently humming banking sector, the banking regulatory…

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News 

France’s Macron learns the hard way: green taxes carry political risks

“Macron introduced new carbon taxes to urge motorists to change behavior and protect the environment” writes Midwest Communications Inc for 95kqds.com. Of the 34 billion euros ($38.71 billion) the French government will raise on fuel taxes in 2018, a sum of only 7.2 billion euros is earmarked for environmental measures.In Canada, addressing the question of how governments use the money raised from carbon taxes, Trudeau’s government has promised to return the money collected from the provinces directly to taxpayers. Source: 95kqds.com Share This:

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News 

Former GE employees say insurance risks were ignored: WSJ

“The insurance business failed to internally acknowledge worsening results over the years, the WSJ reported, citing several former GE employees” reports businessinsider.com. “We are exploring every option to manage and mitigate risk from the company’s legacy insurance liabilities,” GE told Reuters.Former employees described examples of what they call lax managerial oversight and buried risks that ultimately kept the company from booking bigger reserves, according to the report.GE is working with investment bankers to find ways to shed its insurance business, which has caused it to book hefty charges while sparking…

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News Regulators 

In GE probe, ex-staffers say insurance risks were ignored

“The insurance business failed to internally acknowledge worsening results over the years, according to several former GE GE, -5.88% employees who said they have been interviewed by government lawyers” writes Thomas Gryta for marketwatch.com. A GE spokeswoman said the company won’t comment on the specifics of continuing legal matters and said it is “exploring every option to manage and mitigate risk” from the insurance business.Federal investigators are questioning former employees of General Electric Co. about intricate details in a legacy insurance business that led to accounting problems at the conglomerate…

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Crypto News 

CFTC Introduces Guideline for Smart Contracts

“A key component of blockchain technology, smart contracts, have caught the eye of LabCFTC, which have subsequently released a guideline for them” writes Nikita Blows for livebitcoinnews.com. A revolutionary by-product of blockchain technology is the smart contract.Live Bitcoin News has previously reported on risks associated with smart contract exploitation. Source: livebitcoinnews.com Share This:

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