AzimoAzimo, the U.K. money transfer start-up taking on the likes of Western Union and MoneyGram, has raised 20 million euros ($23 million) in debt financing from the European Union. EU commissioner Valdis Dombrovskis said the bloc “will continue to support successful companies such as Azimo to boost the European fintech sector and improve the experience of millions of customers.” The irony isn’t lost on Kent, who says he anticipates talks on future relations between the two trading partners to b

A Chinese citizen undergoing testing for coronavirus while passing through a temporary corridor opened at a border checkpoint between Blagoveshchensk and Heihe. Temporary corridors are opened to return Russian and Chinese citizens to their countries as the Russian government orders to close the border with China as a measure to prevent the coronavirus spread. All the people passing through the temporary corridor are tested for the virus. The WHO, which has declared the illness a global health em

The U.K. government wants to end the sale of new diesel and petrol (gasoline) cars by the year 2035. The plans, which were announced Tuesday and are subject to consultation, also include hybrid vehicles. U.K. authorities had previously said the sale of new petrol and diesel vans and cars would end in 2040. In practice, ending the sale of petrol, diesel or hybrid cars or vans would leave consumers with a choice between electric and hydrogen vehicles. The U.K. is one of many countries looking to e

People visit the Huawei stand during PT Expo China (PTEXPO) at China National Convention Center on November 2, 2019 in Beijing, China. In November, China turned on its 5G networks ahead of schedule . The coronavirus outbreak could slow down China’s deployment of 5G networks, analysts warned, potentially denting the progress of one of President Xi Jinping’s national priorities. Washington has sought to get China’s Huawei, the world’s largest telecoms equipment maker, banned from as many markets a

Dow futures are currently projecting a 300+ point gain at the open. The Dow needs about 460 more points to erase that Friday slide. The tech giant did break out numbers for its YouTube and cloud businesses for the first time, though the disclosure was limited in scope. However, the company did warn that its global supply chain could be impacted by the spread of the coronavirus. Activist investor Starboard Value revealed an approximately 9% stake in prepaid debit card issuer Green Dot (GDOT), acc

A man wearing a mask walks past the headquarters of the People’s Bank of China, the central bank, in Beijing, China, as the country is hit by an outbreak of the new coronavirus, February 3, 2020. China’s economy could grow by less than 2% year-over-year, according to Pantheon Macroeconomics Chief Asia Economist Freya Beamish. China said at the end of Monday that cases of the new coronavirus on the mainland have now surpassed 20,400 with a total of 425 deaths. The rapid spread of the virus has sp

The Iowa presidential caucuses were thrown into chaos late Monday after the state Democratic Party said it found “inconsistencies,” delaying results and causing widespread confusion across the state. The Iowa Democratic Party said early Tuesday that it would release the results of the Iowa caucuses later Tuesday after “manually verifying all precinct results.” That system is taking longer than expected, but it’s in place to ensure we are eventually able to report results with full confidence.” T

Office employees walk in front of the Reserve Bank of Australia in Sydney on September 4, 2018. The upbeat statement sent the local dollar up by 40 pips to $0.6720 from $0.6680 before the rate review. A majority of 32 analysts polled by Reuters last week had expected the Reserve Bank of Australia (RBA) to keep its benchmark rate at 0.75%. Analysts at National Australia Bank estimate travel bans introduced by the government could shave 0.15 percentage points off first-quarter gross domestic produ

Chinese state media outlets have urged investors not to panic after mainland markets plunged on Monday amid concerns over the spread of a new coronavirus. Monday was the first trading day for mainland Chinese markets, after the government extended the Lunar New Year closure for financial markets in a bid to stem the spread of the virus. The Shanghai composite closed 7.72% lower, while the Shenzhen component and Shenzhen composite dropped 8.45% and 8.41%, respectively. But the Chinese economy cou

European markets traded higher on Tuesday as sentiment improves and investors brush aside economic fears over the coronavirus outbreak. Global markets are seeing a rebound in sentiment after sharp declines related to concerns over the spread of the coronavirus. Two Chinese state media outlets on Tuesday urged investors not to panic over the plunge in mainland markets a day earlier. Market focus in Europe will be also concentrated on the forthcoming trade talks between the U.K. and EU. On Monday,

When it comes to negotiating your salary, conventional wisdom suggests you should “go hard or go home.” But new research could turn those assumptions on their head and cause you to rethink how you approach your next pay raise. “We can’t assume that when we negotiate, the negotiation process ends with an agreement and we start fresh right after that. Rather, the negotiation process is part of a broader relationship that we have,” he noted. Co-author Hart said the findings demonstrated that the ne

The tears of joy and sadness seen on Brexit Day had barely dried when the U.K. and EU were at each other’s throats again ahead of trade talks set to last until the end of the year. The U.K. and EU both set out their negotiating positions on Monday with Prime Minister Boris Johnson blithely stating that there was “no need” for the U.K. to accept EU rules as part of a free trade agreement, and if the EU won’t budge and give it a Canada-style free trade agreement, it could walk away. “There is no n

U.S. government debt prices were lower Tuesday morning, as investors monitored several events and awaited President Donald Trump’s State of the Union speech. At 2 a.m. the yield on the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 1.5614%, while the yield on the 30-year Treasury bond was also higher at around 2.0323%. Stronger-than-expected U.S. manufacturing data boosted investor sentiment on Monday, leading to lower bond prices.

A customer holds boxes of 3M Co. 8247 R95 particulate respirators at a pharmacy in the Central district of Hong Kong, China, on Thursday, Jan. 23, 2020. Hong Kong on Tuesday announced its first death from a new coronavirus believed to be from the the city of Wuhan in central China. This would be the second known death outside of mainland China. Hong Kong, a special administrative region of China, borders Guangdong province in south China. Embattled Lam has been under pressure to close all of the

Kerala is a beautiful, tropical place — a long, slim slice of land on the southwestern tip of India. It’s also a great location to experience the subcontinent as a solo traveler. Surfing and style decisionsSoul & Surf runs early-morning surf sessions, which — as a total beginner — I found to be excellent. Covering your arms and legs is a must in any public place in India, which includes trains and taxis. What I learned as a solo, female traveler

Energy giant BP reported better-than-expected full-year net profit on Tuesday, outperforming analyst expectations despite lower oil and gas prices. The U.K.-based oil and gas company posted full-year underlying replacement cost profit, used as a proxy for net profit, of $10 billion in 2019. That compared with $12.7 billion full-year net profit in 2018, reflecting a year-on-year fall of 21%. Analysts had expected full-year net profit to come in at $9.7 billion in 2019, according to data from Refi

Copper prices fell for the 13th straight day on Monday to a low not seen since September last year, as the outbreak grew more widespread. Manufacturing’s been the weakest front in the global economy,” Jeffrey Kleintop, chief global investment strategist at Charles Schwab, told CNBC on Tuesday. “The concern is, this is another shock to the global economy, and manufacturing after the trade shocks of last year. Prices of copper traded in Shanghai also fell to a three-year low on Monday as Chinese m

U.S. stock index futures were sharply higher on Tuesday morning as fears ease over an economic fallout from the coronavirus outbreak. ET, Dow futures were up 178 points and indicated an implied positive open of more than 198 points, while futures on the S&P 500 and Nasdaq were also higher. Markets look set to continue the recovery after Friday’s steep sell-off amid concerns over the fast-spreading virus. As of Monday night, the death toll had reached 425 with 20,438 confirmed cases in China. Atl

Democratic hopeful Pete Buttigieg declared victory in the Iowa caucuses in the early hours of Tuesday morning, despite a botched election process that delayed the release of the state’s results. “So, we don’t know all the results,” Buttigieg said in front of hundreds of supporters at a rally in Des Moines. A Buttigieg campaign aide told CNBC that data provided by 77% of the campaign’s precinct captains showed Buttigieg in the lead. According to the Sanders data, Klobuchar was in 5th place, with

Stocks in Asia traded mixed on Tuesday morning as investors weigh the potential economic impact of the ongoing coronavirus outbreak that has killed hundreds in China so far. Overall, the MSCI Asia ex-Japan index traded 0.07% higher. Investors will await the Reserve Bank of Australia’s interest rate decision, set to be announced around 11:30 a.m. HK/SIN. “An easing bias would not surprise at all with the RBA still well short of their inflation and unemployment goals. Investors will also likely co