News 

Austria pressing ahead with digital tax after EU-wide plan fails

“Austria said in January that it would tax firms like Google, Amazon, Facebook and Alibaba 3 percent of their advertising revenue from within Austria” writes Midwest Communications Inc for 95kqds.com. “I am here today to say clearly again that we will implement and stick to what we have always said, namely introduce a national digital tax in Austria.”. VIENNA (Reuters) – Austria will press ahead with a proposed tax on internet giants after plans for an European Union-wide levy fell through this week, Finance Minister Hartwig Loeger said on Friday.…

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AUD Markets News 

Dollar a tad softer ahead of European markets open

“It’s a bit more of a quiet start to the day but commentary coming out of China in support of its economy is helping to boost risk sentiment in Asia and that is helping to give the aussie and kiwi a lift higher as well” reports forexlive.com. The dollar is sitting at the bottom of the major currencies bloc as it reverses overnight gains with the Chinese yuan also holding steady against the greenback in light of the same reasoning above for the aussie and kiwi. Meanwhile, the yen is…

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News 

Azar warns of ‘long fight’ ahead against opioids

“Maggie Hassan, D-N.H., had challenged Azar, saying that the Trump administration’s proposed cuts to Medicaid would make it harder for her state to address its opioid crisis” reports washingtonexaminer.com. Health and Human Services Secretary Alex Azar said Thursday that the government was seeing results in its efforts to stop the opioid crisis, but that success would not come easily. Source: washingtonexaminer.com

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GBP Markets News 

Sterling holds steady ahead of European markets open

“Despite May’s defeat in the second meaningful vote yesterday, the pound is holding steady with cable lurking near the 1.3100 handle as we start to prepare for a vote on a no-deal Brexit later this evening” reports forexlive.com. As it stands, markets are anticipating that we’re headed towards a Brexit extension in the coming days/weeks, so that is still helping to support the quid ahead of the London open today. Looking ahead, Brexit headlines are likely to occupy much of the European morning but they shouldn’t be as impactful as…

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News 

Masood Azhar Meets Criteria For Global Terrorist, Says US Ahead Of Crucial UN Vote

“The JeM, he said, has been responsible for numerous terrorist attacks and is a threat to regional stability and peace” writes Press Trust Of for huffingtonpost.com. WASHINGTON — Jaish-e-Mohammed chief Masood Azhar meets the criteria to be designated as a global terrorist and not doing so is against regional stability and peace, the US said Tuesday on the eve of the UN Security Council making a crucial decision in this regard.In the aftermath of the February 14 attack in Pulwama, three permanent members of the UNSC – the United States,…

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News 

U.S. missile defense budget cut as North Korea pushes ahead

“In the budget, the Missile Defense Agency, or MDA, saw its appropriation cut by $1 billion to $9.4 billion” writes Midwest Communications Inc for 95kqds.com. Trump’s smaller request comes on the heels of a significant budget boost last year after several North Korean missile tests.The U.S. Missile Defense Agency – charged with developing, testing and fielding a ballistic missile defense system – will delay the expansion of the Ground-based Midcourse Defense (GMD) system by two years because of a delay in the redesign of the Raytheon Co-made “kill vehicle” the…

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GBP News 

Sterling crumbles after Cox says legal risk of Brexit deal remains unchanged

“May’s Brexit deal appears to be shot dead on arrival by Cox’s legal advice and there isn’t much for the pound to work with ahead of the vote later” reports forexlive.com. With overnight sterling implied volatility at its highest levels in 2.5 years, I reckon we could see a further drop in the pound later as May loses the vote.The only possible saving grace for the pound now is that lawmakers start touting up chances of a second referendum.This is where things start to get interesting because markets will have…

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GBP News 

Dollar comes under pressure as sterling rallies ahead of Brexit vote

“Instead, traders focused on a buoyant British pound, which rallied as traders awaited a key Brexit vote” writes Markets Reporter for marketwatch.com. Last month, the U.S. demanded that China’s yuan be stabilized as part of a trade deal.The U.S. dollar on Monday slipped into negative territory, following a highly anticipated retail sales report that drew little reaction from the greenback.U.S. retail sales rose by 0.2% in January, while the December reading of negative 1.2% was revised to negative 1.6%. Source: marketwatch.com

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