Latest in Tag: EU Highlight

Latest in Tag: EU


EU fines major banks 1 billion euros over 'currency cartels'

Regulators in the European Union have levied a hefty fine on Barclays, Royal Bank of Scotland, Citigroup, JPMorgan and Japan’s MUFG over collusion in currency trading.The Commission fined the banks for taking part in two separate cartels, the "Forex – Three Way Banana Split, and the "Forex-Essex Express" cartels. The cartels involved 11 currencies, including …

Deutsche Welle

ECJ: EU employers must track working time in detail

Employers in the European Union must implement a system to record time worked daily by their employees, according to a new ECJ ruling. The decision stemmed from a lawsuit in Spain against Deutsche Bank.The European Court of Justice (ECJ) ruled on Tuesday that EU member states must require employers to set up a system that …

Deutsche Welle

EU: Neymar right in trademark battle

The EU upholds a ruling in favor of the Paris St Germain forward. A businessman had registered Neymar’s name as a trademark, claiming he didn’t know the Brazilian was set for stardom. Judges found this “inconceivable.”The European Union has supported Neymar's demand for a declaration of invalidity against a trademark registration trying to exploit his …

Deutsche Welle

Should non-EU citizens be worried about a hard Brexit?

The potential impact of a no-deal Brexit is very hard to predict with any degree of certainty. But as the clock ticks down, we look into how a hard Brexit might affect non-EU nationals.Uncertainty over the outcome of Brexit prevails across the board — from EU nationals living in the UK to UK nationals living …

Deutsche Welle

EU finance ministers shelve plan to tax tech giants

At a meeting of European Union finance ministers in Brussels, member states failed to agree a plan on the taxing of digital giants like Google and Facebook. They will try again in 2020.At a meeting of European Union finance ministers on Tuesday in Brussels, governments scrapped a plan to introduce an EU-wide digital tax as …

Deutsche Welle

Brexit sees financial firms fleeing Britain to the EU

Amid uncertainty over a “no-deal” Brexit, a report shows banking and finance firms are moving more assets and staff from Britain to the EU than previously thought. Dublin and Frankfurt are among the top destinations.A report released by a London think tank on Monday said that 275 financial firms are in the process of transferring …

Deutsche Welle

COMESA, EU sign €10m facility to support private sector

The business community in COMESA is set to benefit from €10m kitty provided by the European Union (EU) to support increased private sector participation in regional and global value chains. This follows the signing of a financing agreement between the EU and COMESA to implement the Regional Enterprise Competitiveness and Access to Markets Programme (RECAMP). …

Shaimaa Al-Aees

EU to hit Cambodia with trade sanctions over rights abuses

The EU has begun the process of ending Cambodia’s preferential trade deal with the bloc. It says the country needs to do more to address human rights issues at home.The EU on Monday began the process of ending Cambodia’s preferential access to the bloc due to the country’s human rights and labor rights records. The …

Deutsche Welle

Facebook unveils new tools to fight EU election interference

With European Union elections months away, Facebook has announced new measures to stop election meddling across the bloc. The measures include bolstering ad transparency and establishing regional defense centers.Facebook on Monday unveiled tools aimed at clamping down on political interference ahead of key 2019 elections, including the European Parliament vote slated for May. The US …

Deutsche Welle

EU minting more coins for a cashless world

Even though a lot of the world is headed toward cashless payment, the central banks in the 19-nation eurozone keep minting small denomination coins by the ton. What’s behind this old habit?With more than 340 million users, today the euro is one of the most important currencies in the world, though it has seen its …

Deutsche Welle

EU, Mercosur aim to make world's biggest trade bloc by end of 2019

The EU and Japan will soon become the world’s biggest free trade area. But this record might be short-lived with Brussels chasing a deal with South America’s Mercosur, EU’s Cecilia Malmström has said.After the trade deal between the EU and Japan goes into effect on February 1, Brussels will focus on clinching a deal with …

Deutsche Welle

Promised EU help for truck drivers is in the wrong lane

Truck drivers have to grapple with plummeting wages and touring schedules that turn them into nomads. EU transport ministers hope to ease the drivers’ plight with new regulations, but these tend to ignore real life."Driving a truck used to be fun," says AndrĂ© Bergner. "But nowadays I'm only doing it for lack of alternatives; the …

Deutsche Welle

EU probes controversial thyssenkrupp-Tata steel merger

The European Commission has launched an in-depth investigation into the planned creation of a joint venture between Tata Steel of India and Germany’s thyssenkrupp. It voiced concerns over reduced competition. German industrial giant thyssenkrupp struck a deal in June to merge its steelmaking business with that of India's Tata conglomerate in response to a flood …

Deutsche Welle