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Rising Client Acquisition Costs Squeezing Small Brokers

“It was the implementation of MiFID II that started a tectonic shift in client acquisition costs in the industry” writes Victor Golovtchenko for financemagnates.com. While industry consolidation has been a theme, there is a precursor which is causing it: ever-rising client acquisition costs.The talk of the day now are ever-rising client acquisition costs that keep swelling.Official stats for client acquisition costs have only been published by Plus500 so far. Source: financemagnates.com

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Stocks edge lower as investors weigh trade optimism against signs of slowing global growth

“The index fell to a seasonally adjusted reading of -4.1 from 17 in January” writes Deputy Markets Editor for marketwatch.com. In Europe, stocks were edging lower, as the Stoxx Europe 600 SXXP, -0.30% and the FTSE 100 UKX, -0.97% are both losing ground.U.S. and Chinese negotiators have started to outline a trade deal, Reuters reported Wednesday night, citing sources familiar with the talks. Source: marketwatch.com

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Fed officials cited fears about China and Europe in backing away from rate hikes

“Additionally, Fed officials became increasingly nervous about government policy, especially Trump’s trade negotiations and the prospect of further shutdowns” reports washingtonexaminer.com. That decision was widely regarded as a major reversal from Fed officials’ suggests in previous months that they were planning on tightening monetary policy throughout 2019. Source: washingtonexaminer.com

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Vladimir Putin says Russia will target US if it places missiles in Europe

“Vladimir Putin has said Russia will target the US with new nuclear weapons if it deploys missiles to Europe following the demise of a major arms control treaty” writes Michael Fabricant for telegraph.co.uk. Russia and the United States have had hundreds of nuclear missiles pointed at each other since the Cold War, but Mr Putin’s speech also detailed a bevy of new weapons Russia is developing, including hypersonic weapons and a nuclear-powered underwater drone. Source: telegraph.co.uk

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Microsoft says discovers hacking targeting democratic institutions in Europe

“(Reuters) – Microsoft Corp on Wednesday said it had discovered hacking targeting democratic institutions, think tanks and non-profit organizations in Europe and plans to offer a cyber security service to several countries to close security gaps” writes Min Read for reuters.com. Ahead of a critical European Parliament election in May, German officials are trying to bolster cyber security after a far-reaching data breach by a 20-year-old student laid bare the vulnerability of Europe’s largest economy. Source: reuters.com

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Microsoft expands political security service to 12 European countries

“(Reuters) – Microsoft Corp on Wednesday said it had discovered hacking targeting democratic institutions, think tanks and non-profit organizations in Europe and plans to offer a cyber security service to several countries to close security gaps” writes Min Read for reuters.com. Ahead of a critical European Parliament election in May, German officials are trying to bolster cyber security after a far-reaching data breach by a 20-year-old student laid bare the vulnerability of Europe’s largest economy. Source: reuters.com

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Green MEPs occupy F-16 runway in anti-nuclear protest

“Only 21 nations have ratified a 2017 UN treaty prohibiting nuclear weapons” writes Arthur Neslen for theguardian.com. The activists are attempting to occupy a runway used by fighter jets, following the US withdrawal from the intermediate-range nuclear forces (INF) treaty earlier this month.At least three Green MEPs are participating in direct action that has breached a security fence at a military air base in Belgium to protest against its stockpiling of American B61 nuclear bombs.About 150 US nuclear weapons are thought to be scattered across Europe in Belgium, Germany, Italy…

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European farms could grow green and still be able to feed population

“Europe would still be able to feed its growing population even if it switched entirely to environmentally friendly approaches such as organic farming, according to a scientific paper” writes Rebecca Smithers for theguardian.com. Reductions, the authors argue, could be mitigated by eliminating food-feed competition – reorienting diets towards plant-based proteins and pasture-fed livestock, and away from grain-fed white meat. Source: theguardian.com

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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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