World News

Omnicom, Publicis Abandon $35 Billion Advertising Merger (2)

Omnicom Group Inc. (OMC:US) and Publicis Groupe SA (PUB) abandoned their $35 billion plan to create the world’s largest advertising company, saying they couldn’t overcome obstacles that slowed progress toward the deal’s completion. The delays created uncertainty for shareholders, employees and customers, New York-based Omnicom and Paris-based Publicis said in […]

The Arab Countries in Transition—Strengthening the Economic Middle

Good morning—salaam alaykum! It is a great privilege to come to this beautiful country, a country that twins noble grandeur with modern vitality, ancient wisdom with youthful dynamism. I would like to thank the prestigious Conseil Economique, Environnemental et Social for inviting me to speak, and especially its president, Nizar […]

Bank of England holds key rate at 0.50%, QE unchanged at £375B

Investing.com – The Bank of England kept its benchmark interest rate unchanged in May and announced no change to its asset purchase facility program, it said on Thursday. The BoE said it was maintaining the benchmark interest rate at 0.50%, in a widely expected move. The bank also said it […]