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Brexit: EU leaders says UK offer could ‘worsen situation’

European leaders have criticised the UK’s offer to EU nationals after Brexit – with one senior figure claiming it could “worsen the situation” for them. European Council President Donald Tusk said the plan was “below expectations” while German Chancellor Angela Merkel said there had been “no breakthrough”. Theresa May conceded there were differences between the two sides. But the prime minister said those who had “made their lives and homes”... 

Senate votes to sanction Russia over 2016 election meddling

The Senate voted Wednesday to impose sanctions against Russia, in response to that country’s attempts to interfere with and influence the 2016 election. Lawmakers voted 97-2 to attach the sanctions language to a bill sanctioning Iran over its ballistic missile program and sponsorship of terrorism. The measure includes language that would prevent the president from lifting the sanctions without congressional approval. Sens. Mike Lee, R-Utah, and Rand Paul, R-Ky., were the only senators to vote... 

Norway Emerges From Oil Drop as Growth Seen at Pre-Crisis Levels

Norway may be finally emerging from an oil downturn with companies the most upbeat they’ve been on economy since before the oil crisis, according to a central bank survey. The krone jumped on the news. A survey of companies across regions and industries now indicates a broad based improvement driven by both public and private demand, according to Norges Bank’s regional network report published on Tuesday. There are even signs that improved economic sentiment has spread to the battered oil regions... 

White House Unveils Trump’s Opening Tax-Cut Bid

The White House made its opening bid for what officials called the “biggest tax cut” in U.S. history — with cuts that would benefit businesses, the middle class and certain high-earning individuals — but left unanswered questions about whether the plan would be paid for, or how. A list of goals for the tax overhaul, unveiled by President Donald Trump’s top economic adviser Gary Cohn and Treasury Secretary Steven Mnuchin Wednesday, calls for slashing the federal income-tax rate... 

Equity markets, euro rally in wake of French election

NEW YORK (Reuters) – Global equity markets rallied on Monday, boosting a gauge of world stocks to a record high, while the euro briefly jumped to a five-month peak against the U.S. dollar as the first round of an election in France went to the market’s preferred candidate. Centrist Emmanuel Macron took a big step towards the French presidency on Sunday by winning the first round of voting and qualifying for a May 7 runoff alongside far-right leader Marine Le Pen. The victory for the... 

Brussels and Delhi’s shared interests in the Indian Ocean

Whether due to the wealth of its natural resources, the centrality of its sea lines of communication for trade, or its propensity for conflict and natural calamities, the Indian Ocean is critical for the future of Europe and India. For too long, however, biased perceptions have hindered EU-India cooperation in this region, particularly in the Western Indian Ocean, which they share as an extended neighbourhood. New Delhi saw the EU as a strategic non-entity and thus irrelevant to security challenges... 

British parliament backs May’s plan for June 8 snap election

  LONDON (Reuters) – Prime Minister Theresa May called on parliament to back her demand for an early election on Wednesday, saying the vote was a chance to heal divisions in Britain before starting divorce talks with the European Union. May surprised allies and opponents on Tuesday when she announced her plan to bring forward an election that was not due until 2020, saying she needed to strengthen her hand in the negotiations which will reshape Britain and Europe. Addressing a rowdy... 

Oil steadies as OPEC boost offsets dent from U.S. supply

By Amanda Cooper LONDON (Reuters) – Oil steadied on Wednesday after OPEC said it was committed to eroding a global supply overhang that has dogged markets since 2014, but with U.S. output and inventories rising, analysts said prices looked vulnerable. The oil price got an early lift from comments by the secretary-general of the Organization of the Petroleum Exporting Countries, who said the group was committed to restoring market stability by bringing global inventories down to the industry’s... 

Top 5 Things to Know In the Market on Wednesday

1. FTSE struggles to hold gains for 2017 as U.K. prepares general elections The U.K. House of Commons will vote later on Wednesday on British Prime Minister Theresa May’s proposal to hold general elections on June 8 in a move designed to increase her support as Britain moves forward with negotiations to leave the European Union (EU), known as Brexit. May is widely expected to receive approval to hold the elections as the opposition party has already agreed to the proposal. Tuesday’s announcement... 

Of Course Rihanna Looked Amazing Dressed As a Human Disco Ball at Coachella

Rihanna may not have performed at this year’s Coachella Music Festival, but she definitely rocked one of the most standout looks of the weekend. The ANTI artist showed up the Empire Polo Club Saturday decked out in a crystal-encrusted bodysuit that debuted on Alessandro Michele’s Gucci Fall 2017 runway, giving her the appearance of a human disco ball. She completed the outfit with a Gucci tank top, denim cutoffs and a pair of Fenty x Puma platform sneakers. Rih shared two photos of the... 
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