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10 things you must know before European markets open

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10 things you need to know before European markets open

  • Published: 3 minutes ago
Here’s what you need to know.

People watch the Macy's Fourth of July Fireworks from Brooklyn Bridge Park on July 4, 2016 in the Brooklyn borough of New York City. The celebrations mark the nation's 240th Independence Day.

People
watch the Macy’s Fourth of July Fireworks from Brooklyn Bridge Park on
July 4, 2016 in the Brooklyn borough of New York City. The celebrations
mark the nation’s 240th Independence Day.
(Stephanie Keith/Getty Images)

Good morning! Here’s what you need to know.

1. The
British government sought to reassure drug companies and biotech firms
by calling for continued co-operation with the European Union over drug
regulation after Brexit.
Jeremy Hunt, the health minister,
and Greg Clark, the business minister, wrote a letter to the Financial
Times outlining how Britain and the EU can work together.

2. French
President Emmanuel Macron said the European Union has “lost its way”,
calling for a “new generation of leaders” to revive the bloc.

“The building of Europe has been weakened by the spread of bureaucracy
and by the growing scepticism that comes from that,” Macron said in an
address to both houses of parliament.

3. Swiss
bank UBS is further reorganizing its wealth management businesses in
European and emerging markets to simplify its structure.
As
part of the restructure, UBS Europe SE, its Frankfurt-based bank, will
now house all its European onshore wealth management businesses.

4. Two
high-level quantitative researchers have left BlackRock as the world’s
largest asset manager embarks on an ambitious effort to engineer a
high-tech revolution within its stockpicking business.

Michael Lemmon, a former University of Utah finance professor and a
senior researcher within BlackRock’s quantitative Scientific Active
Equity unit, left for Citadel.

5. Factories
across the euro zone rounded off the first half of 2017 by ramping up
activity at the fastest rate for over six years as rising prices failed
to put a dent in orders, a survey showed on Monday.
IHS
Markit’s Manufacturing Purchasing Managers’ Index for the euro zone rose
to 57.4 in June, up from May’s 57.0 and pipping the preliminary reading
of 57.3.

6. French
energy giant Total is set to defy US pressure, signing a
multi-billion-dollar gas deal with Iran, the first by a European firm in
more than a decade.
Total is to invest an initial $1
billion in the South Pars offshore gas field as part of a consortium
with Chinese and Iranian firms.

7. A
project to build a nuclear plant at Hinkley Point in Britain will
overrun by £1.5 billion ($1.95 billion) and may face further delays.

EDF, the state-run French company that has the lion’s share of the
controversial scheme, made the announcement after a long review.

8. Qatar
handed its official response to a list of demands by Saudi Arabia and
its allies to the emir of Kuwait, a Gulf official told AFP.
The
response was delivered by Qatari Foreign Minister Sheikh Mohammed bin
Abdulrahman Al-Thani who made a short visit to Kuwait, which is acting
as a mediator to resolve the diplomatic rift, the Gulf official said,
requesting anonymity.

9. Chancellor Angela Merkel’s conservatives promised Germany more police, more homes and full employment within eight years.
With Europe’s biggest economy growing robustly, Merkel’s Christian
Democrats (CDU) and their Bavarian sister party, the Christian Social
Union (CSU), have made assurances that they will not raise taxes and
will invest more.

10. Four
former top Barclays executives appeared in court in London on Monday to
face charges that they conspired to commit fraud during the bank’s
emergency fundraising in 2008.
Former Chief Executive John
Varley along with Roger Jenkins, Tom Kalaris and Richard Boath were
charged by Britain’s Serious Fraud Office last month in the first
criminal prosecution for senior bankers’ actions during the financial
crisis.

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Ike Ani is a Freelance writer whose quest constantly is to relate happenings around the world to human daily living. He's also a song writer and singer, Acoustic Guitarist, and Teacher.

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Lifestyle

L. A Prisoners Infect Themselves With Coronavirus To Get Early Release (VIDEO)

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A group of silly L.A area prison inmates were very eager to contract the dreaded coronavirus .

They attempted this because they believed that would trigger their ticket out of prison.

According to the L.A. County Sheriff Alex Villanueva who made the startling revelation Monday, said about twenty-four (24) inmates at the Pitchess Detention Center in Castaic attempted (and somewhat succeeded, apparently) to infect themselves way back in mid-April 2020.

The Sheriff revealed that their department saw an increase in spike in confirmed cases out of nowhere.

He said that when they investigated, they found a high number of inmates living in one block of the prison appeared to be deliberately trying to infect each other with COVID-19 any way they could from behind bars.

When Alex Villanueva played the surveillance footages he and his team combed through carefully , and it showed several inmates hanging out in a common area and passing around what Alex described as a hot cup of water, as well as one face mask they’d each put on all in hopes of getting sympathy from a judge to spring them from the facility and let them go home.

But it turns out, their little ploy worked but, only halfway.

Villanueva reported that 21 of the inmates (out of 50 in the block) caught the ‘Coronavirus.

“What they won’t catch is a break” said the Sheriff.

Watch the Video HERE

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COVID-19 LOCKDOWN: 12 Year Old Albino Girl Suffers Eye Problems After Hawking Veggies In Abuja (PHOTOS)

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A very sad Facebook post greeted Nigerians from Abuja showing a 12 year old Albino Girl Grace, who started developing sight problems after Hawking Veggies under the scorching sun in Abuja.

The Facebook post stated that the little girl was asked to hawk the veggies by her aunt whom she lives with.

Below are the Screenshots of the Facebook post:

This sad news has sparked an outrage by well meaning individuals who spoke against such cruelty and insensitivity of the said girl’s aunt.

what do you think of this? Drop your comments below.

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“Buhari is Made In London” – Reno Omokri Blasts Presidency On Nigerian Made Products

The Buhari administration has been known for enforcing the Nigerian people to patronize Nigerian made goods though without much strategy to make life easier while this transition to economic growth is enforced.

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Reno Omokri Nuggets

The Buhari administration has been known for enforcing the Nigerian people to patronize Nigerian made goods though without much strategy to make life easier while this transition to economic growth is enforced. Many Nigerians have tagged it a harsh move that is insensitive and inhumane but moreso, Reno Omokri has singled out signals of hypocrisy in the President of Nigeria by outlining certain traits of family moves of the President that shows that he(Buhari) as the No.1 citizen has no regards for anything made in Nigeria but yet wants other Nigerians to embrace Nigerian made goods.

Reno Omokri ‘s tweet reads:

His kids schooled in England. His wife just returned from a 3 month UK stay. His daughter gave birth to his grandchild in Spain (made in Spain), yet
@MBuhari
, who is London, wants us to patronise made in Nigeria!

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