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January, 17, 2017

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Business > Europe
British Prime Minister Theresa May warned lawmakers on Sunday not to block Brexit, after the High Court ruled that she cannot start the process of leaving the European Union without parliament's approval.
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Dutch activists said Saturday they have garnered nearly two-thirds of the signatures needed to force the government to hold a referendum on the new EU-Canada trade pact, in what may prove a fresh setback to the deal.
Portugal's Socialist government said Saturday it will not make early payments of 6.6 billion euros in IMF loans this year in order to maintain financial reserves.
The Bank of England revised up its near-term growth forecasts for the British economy Thursday as it opted against another interest rate reduction in the wake of the country's decision to leave the European Union.
Italy's stock exchange watchdog has fined Antonio Belloni, managing director of French luxury group LVMH, 350,000 euros (US$389,000) for divulging confidential information about an upcoming acquisition, it announced Wednesday.
Chip maker Broadcom on Wednesday announced a US$5.9 billion deal to buy computer network company Brocade Communications Systems as consolidation continued in the semiconductor industry.
Walt Disney Studios is celebrating its biggest ever year at the global box office after posting US$5.9 billion in ticket sales during the first 10 months of 2016.
Ford's U.S. sales fell 12 percent in October, a steeper-than-expected drop that lowered the overall industry's sales.
Media-entertainment group 21st Century Fox said Wednesday profits in the past quarter rose with its Fox News Channel helped by a busy U.S. election campaign.
Uber on Wednesday began rolling out an overhauled smartphone application that uses artificial intelligence in a bid to speed up and improve the ride-sharing experience.
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