A plastic ban, Spain, 3D corneas : Top Trending Financial Tweets - Week 22
#7 Apple Pay for street artists
In London, contactless payments are big and so is Apple Pay. People can use it to hop on the tube, order food on Deliveroo or to get a beer in one of the many pubs.
But now Londoners can also use Apple Pay to donate to street musicians: 9to5Mac reports that London’s Mayor has launched an initiative that enables musicians and other street performers to accept contactless payments.
#6 EU proposes complete ban on certain plastic products
In other news on Monday there was a proposal from the European Commission to ban single-use plastic products such as cutlery, straws and drink stirrers, Bloomberg reports.
The proposal comes after several European countries - such as France and Italy - already banned the distribution of single-use plastic bags and is part of a broader plan to move the European economy away from single-use products.
#5 Soros sees looming crisis
Billionaire money manager George Soros sees a new major financial crisis looming on the horizon. A surging dollar and a capital flight from emerging market are among the signals he mentions.
The end of the nuclear deal with Iran and the transatlantic alliance between the EU and the US will also have a negative effect on the European economy Soros said in a speech in Paris on Tuesday.
#4 Spain’s political turmoil
It was quite an eventful week for several South-European countries. Both Italy and Spain rattled the financial markets with their political turmoil.
As a result, Italy saw the yield on its government bonds rise once again and although the Spanish 2-year yields were still low, they were blowing out versus German notes.
It's not just Italy; there's also increased worries about Spain's political turmoil. https://t.co/tHrFQa0EuN While Spanish 2-year yields are still very low, they're also blowing out versus German notes. pic.twitter.com/uyotflmH71— Lisa Abramowicz (@lisaabramowicz1) May 29, 2018
#3 Trump’s tariffs hit again
Thursday was ‘a bad day for world trade’, to speak with the words of the President of the EU Commission, Jean-Claude Juncker. President Donald Trump decided to slap the European Union (as well as Canada and Mexico) with steel and aluminum tariffs.
Trump’s actions ‘leave the EU no choice but to impose additional duties on a number of US imports to defend the EU’s interests’, Juncker said. Once again, a trade war seems inevitable…
It’s a bad day for world trade. US leaves us no choice but to proceed with a WTO dispute settlement case and the imposition of additional duties on a number of US imports. We will defend the EU’s interests, in full compliance with international trade law. https://t.co/J3wPW5Ew7K pic.twitter.com/aDlOWcSgRv— Jean-Claude Juncker (@JunckerEU) May 31, 2018
#2 A 3D-printed cornea
Big news from Newcastle University on Thursday. Researchers there have managed to 3D-print a cornea, TechCrunch reports. This could be huge since there is a significant shortage of corneas available to transplant and there are 10 million people worldwide who require surgery to prevent corneal blindness.
Researchers create the first 3D-printed corneas https://t.co/xpOakapDb4— TechCrunch (@TechCrunch) June 1, 2018
#1 Spain’s new PM
Following the political turmoil (and years of wide-spread corruption) we mentioned above, the Spanish parliament finally voted its Prime Minister Mariano Rajoy out on Friday. A no-confidence vote followed after the anti-establishment group Podemos and Catalan separatist groups lined up behind Socialist leader Pedro Sanchez, Bloomberg reports. The latter is due to be sworn in as new Prime Minister by King Felipe in the coming days.
Voila, that’s another week captured in Tweets. As always, we’ll continue to track Twitter and bring you the top financial micro-messages from the web. See you back here next week.