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Monday, August 19, 2019

Tag: European Commission

European banks have serious dirty-money issues, says EU Commission

The investigation reviewed cases of financial crime that led to fines or financial settlements at some of EU's largest banks, like Deutsche Bank and France's Societe Generale.

Ursula von der Leyen bags EU top job

Von der Leyen will now replace Jean-Claude Juncker as head of the EU executive on Nov 1 and serve a five-year term as head of the bloc's executive.

IMF’s Lagarde touted for European Central Bank president

Christine Lagarde is a top choice of European Union leaders to helm the European Central Bank presidential post.

EU summit suspended over jobs stalemate

The 28 EU leaders have been meeting in Brussels since Sunday in a bid to end an impasse over who will steer the bloc over the coming years.

EU court cancels 18.4 mil euro Real Madrid state aid refund

A European Commission's decision forcing Spain to recover 18.4 million euros from Real Madrid has been cancelled by a top EU court.

Trump has a message for the world: My trade wars aren’t...

The US president offered a vivid reminder that, even as he moves toward a deal with China to end their tariff wars, he has other relationships he’s eager to rewrite.

Trump eyes tariffs on US$11 billion of EU goods for Airbus...

Washington said it would impose the tariffs under the same previously dormant trade statute that it has used to justify duties on China over the past year.

Barnier destiny hangs on Brexit breakthrough

The union's chief negotiator has seemed to relish the challenge of wrangling with Britain and keeping the Europeans together.

Leader of EU conservative bloc seeks talks with Hungary’s Orban over...

Manfred Weber demanded Fidesz take down billboards attacking European Commission President Jean-Claude Juncker, part of its campaign for May's European Parliament elections.

A-G Geoffrey Cox: EU’s Brexit biggest villain

Attorney-General Geoffrey Cox is seen as pivotal in getting members of the British Parliament to swing behind Theresa May's deal when they vote on Tuesday.

Turkey cannot become an EU member, says EPP’s Weber

Turkey says EU membership remains one of its top strategic goals even though accession talks have been stalled for years.

Google, Facebook, Twitter fail to live up to fake news pledge

Brussels is keen to address the threat of fake news or foreign interference during campaigning for the European Parliament elections in May.

Sterling rally dwindles as Brexit reality bites

Uncertainty over Theresa May's efforts in persuading the European Commission and British parliament to modify the Brexit deal is weighing in on the pound.

Germany, France agree industrial policy plan for Europe

The proposals call for more investment in innovative technologies and an overhaul of the European Union's competition rules.

EU ‘happy’ to try clarify Brexit deal, but no renegotiation

Prime Minister Theresa May is due to meet with European Commission President Jean-Claude Juncker this week as she leads a last-ditch drive to convince EU leaders to help her save her divorce agreement.

EU broadens its dirty-money blacklist, adds Saudi Arabia

Critics said the list fell short of including several countries that have been involved in money-laundering scandals in Europe.

Mobile network operator’s body GSMA considers crisis meeting over Huawei

The European Commission is weighing a de-facto ban on Huawei's 5G network equipment for next-generation mobile networks.

Billionaire Czech PM faces more legal trouble over use of EU...

Philippe Lamberts, who leads the Greens grouping in the European Parliament, has called for immediate suspension of EU funds to the companies involved.

Conte takes Italy’s budget fight to Brussels as impasse persists

Concerns are focused on the impact of a 2.4% budget deficit target for next year on Italy’s debt mountain, the biggest in the euro area in real terms.

EU concerned by Italy’s budget deficits for next three years

The Commission said that with a planned headline deficit of 2.4% of GDP in 2019, Italy's structural deficit would rise by 0.8% of GDP.

EC: Facebook, Google to tackle spread of fake news

The Commission told the firms in April to draft a code of practice, or face regulatory action over what it said was their failure to do enough to remove misleading or illegal content.

Merkel eyes German EU chief

The paper said Germany's leader views the head of the Commission as more politically relevant than the same role within the ECB.

EU’s Juncker says ‘not very optimistic’ about Trump trade talks

European Commission chief Jean-Claude Juncker added that he wanted to avoid a trade war with the US, though he did not know if US President Donald Trump would agree with him on this matter.

EU offers member states money to admit rescued migrants

The European Commission proposed offering volunteering EU countries funds to set up and run centres on their territory to determine if people qualify for asylum in Europe.