The AIC Financial Blog

ITALY RACES AHEAD OF G7 RIVALS

The top performing G7 stock market so far this year is … Italy. The FTSE Milano Italia Borsa index is up 19.5% year- to-date, beating the French CAC 40’s 13.2% and the German DAX’s 12.9% in euro terms. The eurozone currency has been relatively strong, so Italian...

AFTER LAS VEGAS TRAGEDY, US GUN MAKERS RALLY

Even as the full extent of last week’s horrific Las Vegas mass shooting was yet to become clear, share prices in America’s largest listed gun manufacturers were already shifting higher in pre-market trading. Mass shootings such as this – an all too familiar tale in...

PAY WITH A SMILE

No cash, credit card, or smartphone? No problem. Just smile to pay. That’s now possible, in China, thanks to tech giant Alibaba’s new facial recognition system, live at a KFC restaurant in Hangzhou. After selecting a meal (healthy options available), customers can...

WEAK POUND PUTS TOURISTS ON THE GROUND

The first three months of 2017 saw a surge in the number of tourists visiting the UK, according to the Office for National Statistics. The rise in visits – almost 10% higher than in 2016 – has been attributed to the weakness of sterling. A weaker pound makes it...

EU SLAPS RECORD US$2.7BN FINE ON GOOGLE

Shares in Alphabet hit a blip after a record US$2.7bn fine was imposed on its subsidiary Google by the EU’s competition authority. European Commissioner Margarethe Vestager said Google had abused its dominance as a search engine to boost its own shopping comparison...

MAYHEM FOLLOWING UK ELECTION SHOCK

Two months after calling a snap general election in the hope of bolstering her parliamentary majority, UK Prime Minister Theresa May woke up on Friday with egg on her face. Having entered the campaign with a small majority, the Conservatives emerged without one at all...

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