An Italian Finance guard (Guardia di Finanza) conducts control and gives indications to drivers at a check-point at the entrance of the small town of Zorlesco, southeast of Milan, on February 24, 2020. MIGUEL MEDINA Italy’s government will announce it will temporarily close the nation’s schools and universities due to the coronavirus outbreak, according to […]
Tag: Breaking News: Europe
Tidjane Thiam to step down as Credit Suisse CEO
Credit Suisse CEO Tidjane Thiam is stepping down in the wake of a spying scandal, and will be replaced by Thomas Gottstein who currently heads the bank’s Swiss unit. In a statement Friday morning, the board of directors said it had unanimously accepted Thiam’s resignation, following the presentation of the Swiss lender’s fourth-quarter and full-year […]
Bank of England holds key interest rate steady
Mark Carney, the outgoing Governor of the Bank of England. Matt Dunham | WPA Pool | Getty Images The Bank of England (BOE) on Thursday held interest rates following Governor Mark Carney’s final monetary policy meeting. Sterling jumped 0.5% against the dollar to trade at around $1.3084 after the central bank’s Monetary Policy Committee (MPC) […]
Chinese firm allowed limited access to UK 5G network
A Huawei logo is pictured at their store at Vina del Mar, Chile July 18, 2019. Rodrigo Garrido | Reuters Britain will allow Chinese telecommunications giant Huawei to play a limited role in its next generation 5G mobile networks. The U.K. government said that Huawei will be restricted from being involved in “sensitive functions” in […]