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Turkey summons German ambassador as tensions mount

Turkey summoned Germany's ambassador to its foreign ministry on Monday, Berlin said, amid a mounting row between the two NATO powers. Der Spiegel magazine said Ankara wanted to raise a German parliamentary motion last year that declared the 1915 massacre of Armenians by Ottoman forces a...

HSBC says sees two UK interest rate hikes by end-2018

 HSBC, one of Britain’s “Big Four” banks, expects the Bank of England to raise interest rates twice over the coming 12 months, it said on Monday, having previously seen rates staying at their record lows until the end of 2018. The bank said it expected rates to be lifted by...