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Google’s former CFO wants to fund Europe’s Facebook and Google before Silicon Valley buyers ‘take them out’

“Europe doesn’t have anything to rival the Silicon Valley giants, a world-leading tech company on a level with Facebook, Google, Amazon, or Microsoft” writes Shona Ghosh for businessinsider.com. At the end of the day, it’s not a UK company any more.The new fund has enabled the expansion to Europe, where Pichette will scout out promising European startups. Source: businessinsider.com

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After US midterms, Twitter extending same political ad protections to Europe

“In an effort to protect the US midterm elections from foreign interference, Twitter introduced tools designed to provide transparency into political ads on the platform” writes Apple Watch Series for 9to5mac.com. To qualify for the policy, candidates, organisations, and individuals seeking to advertise political campaigning content must now undergo a thorough certification process.In addition to increased transparency around political ads, we’ve also formed a high-level internal elections group to lead our electoral integrity work in the region from now until polling day. Source: 9to5mac.com

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Europe has not taken action to keep JCPOA

“It is claimed that, basically, the European Union has not yet taken a step towards maintaining a nuclear deal with Iran” reports tehrantimes.com. The EU and, in particular, Germany, Britain, and France, have not taken the necessary steps to maintain a nuclear deal with Iran after eight months.Now the “deceived Europe” is trying to maintain the nuclear deal with Iran.The fact is that the European Union is blamed for a nuclear deal with Iran. Source: tehrantimes.com

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Germany’s Merkel defends Iran deal as Pence accuses Europe of undermining the U.S.

“But the U.S. argues that the deal just puts off when Iran might be able to build a nuclear bomb” writes Associated Press for marketwatch.com. Former U.S. Vice President Joe Biden, who was in office when the Iran nuclear deal was negotiated, went out of his way to thank Merkel and defended the Iran deal as a “significant agreement.” “The America I see does not want to turn its back on the world,” Biden said.MUNICH (AP) — German Chancellor Angela Merkel robustly defended European nations’ decision to stand by the…

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U.S. held global summit to isolate Iran, America isolated itself instead

“The discord on the issue of Iran dates back most recently to last May when the U.S. withdrew from the 2015 Iran nuclear deal, and European allies like France and Britain agreed to remain in the accord” reports tehrantimes.com. Their reason was simple: Although Trump said Iran tried to obtain a nuclear bomb, European nations saw no indication that Tehran sought one.That allowed Europe to keep the nuclear deal on life support while curbing the damage America’s sanctions could wreak on Iran’s economy.Asking Europe to do something it clearly doesn’t…

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Russia arrests employees of American private equity group on fraud charges

“Michael Calvey, founder and senior partner at Baring Vostok Capital Partners was held along with three other employees, according to a statement from the investment company” writes Ann Simmons for marketwatch.com. MOSCOW—Russian authorities detained the American founder of a private equity group on suspicion of fraud, an incident that could rattle potential foreign investors and add to already strained ties between the U.S. and Russia. Source: marketwatch.com

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Mike Pence Urges Europe to Quit Iran Deal

“Britain, France and Germany, along with the rest of the E.U., continue to support the nuclear deal as the best way to prevent Iran from developing atomic weapons” writes Associated Press for pbs.org. Pence was especially critical of Britain, France and Germany for unveiling a new financial mechanism last month that U.S. officials believe is intended to keep the nuclear deal alive by evading American sanctions.Iran was not invited to the Warsaw conference and called the event a “circus” aimed at “demonizing” the country. Source: pbs.org

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Markets News 

Chinese phones now account for a third of the European market, with Huawei leading the way

“The US administration is causing Chinese companies to invest in Europe over the US. The European market is mature, and replacement rates have lengthened, but there is an opportunity for Chinese brands to displace the market incumbents” writes Feb Est for theverge.com. Despite — and to some extent, perhaps because of the United States’ current antipathy to Huawei and other Chinese brands — China’s smartphone leaders are finding great success elsewhere.The latest figures from market analysts Canalys have quantified a trend that many of us might have sensed in 2018:…

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Endless crises in the capitalist system

“TEHRAN – The economic crisis in the United States and the European Union continues fact is that the capitalist system is unable to solve the economic crisis” reports tehrantimes.com. In these meetings, a solution to the economic crisis in the international system has not been presented.In the meantime, there is essentially no opportunity for convergence among G20 members to face the current economic crisis in the international system. Source: tehrantimes.com

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IG Group’s Non-Executive Board Member Sam Tymms Steps Down

“Moulds has significant experience in the financial industry” writes Victor Golovtchenko for financemagnates.com. His vast comprehension of the regulatory environment and knowledge of the financial industry are supporting his new Chairman position on the Board Risk Committee.During her tenure at the company, she was Chairman of the Board Risk Committee. Source: financemagnates.com

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