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European Union News
Banks push back Bank of England rate forecasts after growth data shock
Mon, Apr 30, 2018
Banks have pushed out their predictions for when the Bank of England will raise interest rates after data last week showed a sharp and unexpected slowdown in Britain`s economic growth.
EU and Mexico agree new free trade pact
Sun, Apr 22, 2018
Since its plans for a trade alliance with the United States were frozen after Trump`s election victory, the EU has focused instead on trying to champion open markets and seal accords with other like-minded countries.
What Donald Trump wants from Europe is still unclear, EU trade chief says
Fri, Mar 23, 2018
The European Union`s trade chief is unsure what US President Donald Trump wants in return for a permanent EU exemption from steel tariffs but she warned on Friday that she would resist pressure to cut EU duties on U.S. cars.
China vs US: After Donald Trump picks up trade weapons, Dragon sends fiery message
Fri, Mar 23, 2018
Alarm over Trump`s protectionist leanings mounted earlier this month after he imposed hefty import tariffs on steel and aluminium under Section 232 of the 1962 U.S. Trade Expansion Act, which allows safeguards based on "national security".
WhatsApp not to share British users' data with Facebook
Thu, Mar 15, 2018
The European Union (EU) is introducing the GDPR in May to harmonise data privacy laws. Facebook-owned WhatsApp is reportedly working on a new data privacy option in compliance with the new legislation.
President Trump threatens to tax European auto imports
Sun, Mar 04, 2018
US President Donald Trump kept up pressure on trading partners on Saturday, threatening European automakers with a tax on imports if the European Union retaliates against his plan to slap tariffs on aluminium and steel. Trump`s tweet suggested he is refusing to yield to U.S.
WhatsApp working on GDPR data privacy option for users: Report
Tue, Feb 13, 2018
As the European Union (EU) prepares to introduce the General Data Protection Regulation (GDPR) in May to harmonise data privacy laws, Facebook-owned WhatsApp is reportedly working on a new data privacy option in compliance with the new legislation.
EU wants to restrict single market access to UK
Wed, Feb 07, 2018
The European Union (EU) wants to be able to restrict the UK`s access to the single market if there is a dispute after Brexit, according to a leaked document.
Disorderly Brexit would renew pressure on Britain credit rating: S&P Global
Mon, Feb 05, 2018
S&P cut Britain`s previously triple-A rating by two-notches to AA with a negative outlook, after the mid-2016 Brexit vote.
British PM's key adviser quits over Brexit
Sat, Dec 30, 2017
Adonis, who was appointed as her infrastructure adviser in 2015, said May was "pursuing a course fraught with danger" over the UK`s EU departure, the BBC reported.
Guatemala to move embassy to Jerusalem, backing Donald Trump
Mon, Dec 25, 2017
Guatemalan President Jimmy Morales said on Sunday he had given instructions to move the Central American country`s embassy in Israel to Jerusalem, a few days after his government backed the United States in a row over the city`s status.
Euro zone needs 19 healthy economies, not special budget, says Dutch PM
Fri, Dec 15, 2017
The euro zone does not need a special budget to help deal with crises, but rather 19 healthy national budgets that can withstand economic shocks, Dutch Prime Ministers Mark Rutte will tell his fellow European Union leaders on Friday.
UK keeps top financial sector global ranking, Brexit seen as risk
Fri, Dec 15, 2017
Britain is sending a trade delegation to China this weekend that will include financial services firms such as the London Stock Exchange to drum up business to help plug any gap in business lost due to Brexit.
Some WTO members to push for e-commerce rules as broader deal fails
Thu, Dec 14, 2017
A group of 70 World Trade Organization countries pledged on Wednesday to work toward new electronic commerce trade rules that promote open and predictable regulations, joining the initiative as a broader WTO agreement failed.
Brexit talks: EU President Tusk says 'most difficult challenge' ahead
Fri, Dec 08, 2017
EU President Donald Tusk warned that talks on a post-Brexit trade deal and transition period would be even more difficult than a hard-won agreement on divorce terms that was sealed today.
Companies prepare for disorderly Brexit as talks stall
Thu, Dec 07, 2017
Big companies are stepping up their plans in case Britain crashes out of the European Union without a deal as Prime Minister Theresa May struggles to get talks back on track after a major setback.
European Union to decide on tax haven blacklist, assess U.S. tax reform
Tue, Dec 05, 2017
European Union finance ministers plan to adopt a blacklist of tax havens and assess the impact of the United States` planned tax overhaul in a meeting on Tuesday in Brussels.
Bitcoin hits record high of nearly $11,800 after futures lift
Mon, Dec 04, 2017
Bitcoin powered to a record high just below $11,800 on Sunday, continuing its surge from below $1,000 at the start of the year.
Govt to prepare detailed research report to promote exports
Sun, Dec 03, 2017
Recently, Prabhu made a case for treating support measures to promote exports as investment and not subsidies, arguing that outbound shipments contribute in a big way to boosting growth.Exports in October had entered the negative zone again, dropping 1.12%.
No breakthrough in Brexit talks as new deadline approaches
Sat, Nov 25, 2017
At a summit in Brussels, May met with German Chancellor Angela Merkel, the leaders of Belgium, Denmark, Lithuania and European Council President Donald Tusk, seeking to move the talks onto future relations between Britain and the EU, especially their trade ties.