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As Trump forbids Russian pipeline, EU pushes back

Nord Stream 2, the planned Russian natural gas pipeline to Germany across the floor of the Baltic Sea, is the latest front in the growing conflict between Europe and the US. The Wall Street Journal reported that President Donald Trump is demanding that Germany drop Nord Stream 2 as one of the conditions of a trade deal with Europe that ...

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M&S’s attempt at Sparkle should soon fizzle out

Marks & Spencer Group Plc rebranded itself as Markle & Sparkle over the weekend, in honor of the royal wedding. But with so much work in progress, for investors, any celebrations are likely to fall flat. The company will step up the pace of store closures when it announces its annual earnings, Bloomberg News reported. Although the amount of capacity ...

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Financial markets are wrongly discounting trade risks

US financial markets seem unfazed by a sequence of negative developments on the trade front. The May 17 date set by Paul Ryan, Speaker of the US House of Representatives, for Congress to approve a revised North American Free Trade Agreement has passed with no resolution. The European Union, a major US ally, resents the June 1 deadline President Donald ...

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