Confirmation that the people of the Ukrainian region of Crimea have voted to join Russia caused barely a ripple in financial markets Monday, partly because the verdict had been widely discounted. Worries that the Crimea issue might prompt an escalation in tensions between Russia and Western powers have driven financial markets over the past few weeks. In the run-up to Sunday's referendum, many stock markets around the world hit multi-week lows while 'safe haven' investments such as the Japanese yen and gold advanced.
Just Eat, an online food ordering service, has announced plans to float its shares on the London Stock Exchange. The company, which lets customers order takeout food from local restaurants, plans to raise $166 million in an initial public offering to expand its service. The firm, which was founded in 2001 in Denmark, operates in 13 countries including Britain, France, Canada, Ireland and Spain.
Greece's finance minister says he is "close to" completing marathon negotiations with the debt-mired country's bailout creditors. Greece has survived on international bailouts since it nearly went bankrupt in mid-2010. The latest talks with representatives from Greece's European partners, the European Central Bank and the International Monetary Fund have dragged since September. The main sticking points include public sector layoffs and pressing ahead with policies to make it easier to sack people in the private sector.
Steel stamping and production lines? That's so last-year--what you really want is a 3D printed car. The concept is nothing new, but finding a printer big enough to deal with car panels isn't an easy task. It's one Chicago's Local Motors will surmount later this year though, when it 3D prints an electric vehicle in just five days, at the International Manufacturing Technology Show in the Windy City.