Germany’s Bafin bans Wirecard short positions, cites negative reports By Reuters

© Reuters. FILE PHOTO: First public day of the computer games fair Gamescom in Cologne BERLIN (Reuters) – Germany’s financial watchdog Bafin on Monday issued a ban against establishing or increasing short positions in Wirecard AG stock, citing market uncertainties due to the German payments company’s weak share performance. “There is a risk that an

India weighs military options against Pakistan as Kashmir tensions rise

Tensions between nuclear-armed neighbours Indian and Pakistan mounted over the weekend as New Delhi’s security forces weighed options for a military response to a suicide car bombing that killed 44 paramilitary police officers in its restive Kashmir region.  In a series of public speeches while inaugurating a new public works project before upcoming parliamentary elections, Narendra Modi, India’s

Foreign government behind cyberattack on Australia: PM Scott Morrison

Tracey Nearmy | Getty Images Prime Minister Scott Morrison in the House of Representatives during Question Time at Parliament House on February 14, 2019 in Canberra, Australia. A cyber attack this month on Australian lawmakers was probably carried out by an unidentified foreign country, Prime Minister Scott Morrison said on Monday, adding that the networks

Saudi Arabia signs $20bn in deals with Pakistan

Image copyright Getty Images Saudi Arabia has signed investment deals worth $20bn (£15.5bn) with Pakistan, as the south Asian country looks to bolster its fragile economy. It comes as part of a high-profile Asian tour by the kingdom’s Crown Prince Mohammed bin Salman. Pakistan urgently needs to address a balance of payments crisis and is

Brexit: Will Brits living in the EU still get healthcare?

If the UK leaves the EU without a deal, reciprocal healthcare arrangements will not automatically survive. The UK is trying to reach agreements with EU governments to extend them. For emergency treatment on holiday, UK nationals can use their EHIC card if they fall ill in another EU country, but if there is a no-deal

Cecchinato overwhelms home favorite Schwartzman in Argentina final By Reuters

© Reuters. ATP 250 – Argentina Open Final BUENOS AIRES (Reuters) – Italian Marco Cecchinato won the Argentina Open on Sunday with a clinical 6-1 6-2 demolition of hometown favorite Diego Schwartzman. World number 18 Cecchinato raced through the match in little over an hour to claim his third ATP title. Buenos Aires-born Schwartzman buckled

5 of Spotify’s biggest imminent challenges in 2019

In many ways, Spotify enjoyed a spectacular end to 2018. The company finished the year with its first ever quarterly operating profit – €94m ($107 million) — something that challenged many of the long-term naysayers about its business model. In addition, amid its year-end financial-results announcement, Spotify confirmed that it was set to spend between

Pence and Merkel offer contrasting visions of global security

The 2019 three-day Munich security conference ended on Sunday in a mood of discord and division between the US and its allies. That mood was reflected most in two speeches that followed each other on Saturday. After German chancellor Angela Merkel drew acclaim for her critique on the troubled era in US-European relations, Mike Pence,

Goldman banker says tech action is in the enterprise

While big internet companies like Facebook and Google have been fairly quiet of late on the deal-making front, business software vendors have kept bankers quite busy. “In some ways, consumer internet is a relatively sporadic M&A market,” said Colin Ryan, co-lead for Americas mergers and acquisitions at Goldman Sachs, at the bank’s Technology and Internet

Porsche warns UK customers of Brexit price rise

Image copyright Reuters Porsche is warning UK customers they might have to pay 10% extra for cars delivered after Britain leaves the EU. The German firm wants buyers to sign a clause agreeing to a potential tariff, a move Porsche said is “precautionary”. Porsche’s owner Volkswagen declined to discuss if some of its other brands,

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