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As President Donald Trump prepares to head to Europe, he is snubbing close allies while reaching out to rivals. The president abruptly cancelled a planned trip to Denmark Tuesday after his proposal to purchase Greenland was mocked as "absurd." That same day, Trump again suggested he would like to see Russia rejoin the G7, a group of the world's leading economies that the country was expelled from for annexing Crimea from Ukraine. Visit Insider's homepage for more stories. President Donald Trump is snubbing a close US ally while reaching out to a top US rival as he prepares to head to Europe. On Tuesday,...
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Days before the Group of 7 industrialized nations summit, President Donald Trump said on Tuesday that it's "appropriate" to readmit Russia to the gathering.  "I could certainly see it being the G8 again," Trump told reporters. Russia was expelled from the G8 its 2014 annexation of Crimea, a move that the US, and other nations, harshly condemned.  Late on Tuesday, a senior administration official told CNN that French President Emmanuel Macron told Trump over the phone that he too supports letting Russia back in. The claim is surprising. One day earlier, Macron told Putin he wouldn't support inviting Russia back into the group...
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US investors plowed $5.3 billion into European tech firms in the first seven months of 2019, according to TechNation research — up 40% on the same period last year. Major deals have included Amazon's investment in the UK food-delivery service Deliveroo and Sequoia's investment in Europe's most valuable private fintech, Klarna. Mark Tluszcz, the CEO and managing partner of Mangrove Capital Partners, said it could be a sign American investors were getting priced out of Silicon Valley. "Valuations are lower in Europe because the market is not as mature as the US," Tluszcz told Business Insider. Click here for more BI Prime stories. US...
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President Donald Trump said in a tweet Tuesday that he scrapped plans to meet with Denmark's prime minister after she rebuffed his idea of purchasing the autonomous island of Greenland. A White House official later told Insider that Trump's entire planned visit to Denmark was canceled. Trump previously said that the idea to purchase Greenland was not on his list of priorities and that it was not the sole basis for his visit to Denmark. "The Prime Minister was able to save a great deal of expense and effort for both the United States and Denmark by being so direct," Trump said Tuesday...
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Recession signals have been flashing globally over the past few weeks. According to new report from JPMorgan, the US and China are still in a position to avoid a full-blown economic meltdown, but it could be too late for Europe.  Europe's negative interest rates give its central bank and policymakers less room to maneuver in the face of a downturn, while the US still has the flexibility to slash borrowing costs.  Visit Markets Insider homepage for more stories. As governments across the globe prepare to shore up their economies with interest rate cuts and capital injections, a key question remains: Is it...
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Germany's economy contracted by 0.1% in the second quarter, and industrial output fell month-on-month by 1.5% in July.  If Europe's biggest economy tips into recession, the rest of the eurozone is likely to suffer.  The US-China trade war has been a key driver of the decline, as both countries are huge export markets for Germany. View Markets Insider homepage for more stories.  Germany shrunk by 0.1% in the three months to June. The decline might not seem like much, but given the country is the world's fourth-biggest economy and Europe's largest, a slowdown is a bad omen for global markets. That's mainly...
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Last Updated on Tuesday, 12 August 2008 16:50