Search Results for: European countries
UK Banks advocate Brexit deal on financial services
August 23rd, 2018
Several UK financial services enterprises have urged the government to strike a deal with the EU allowing British banks, insurers, and wealth managers to do business on the continent free of any possible restrictions. Kristian Rouz — The British ...
Trump accuses China, EU of currency manipulation
August 22nd, 2018
President Donald Trump accused China and the European Union of manipulating their currencies as he tries to wrestle concessions from two of the U.S.’s largest trade partners. “I think China’s manipulating their currency, absolutely. And I think the euro ...
Hard Brexit would bring VAT sign-up headache for EU sellers
August 20th, 2018
European Union-based vendors who use platforms like eBay Inc. and Amazon.com Inc. to sell goods into the U.K. face a compliance headache in the event of a hard Brexit, as they would need to register for value-added tax. A ...
EU prepares crackdown on ‘citizenship for sale’
August 14th, 2018
Brussels is preparing to crack down on EU governments, including Malta and Cyprus, that award citizenship to rich people from outside the bloc, as concerns mount about so-called dirty money from Russia. Vera Jourova, the EU’s commissioner for justice, ...
Nestlé lost a 16-year legal fight to dominate the chocolate bar market
July 30th, 2018
KitKat’s makers have suffered a major setback in its 16-year quest to dominate the market for four-fingered chocolate bars. Nestlé applied to trademark the distinctive trapezoid shape of KitKats in 2002, and initially succeeded. Nestlé has been fighting to ...
Will be a corporate tax harmonisation among EU member states?
July 27th, 2018
French Finance Minister Bruno Le Maire said on Thursday he wanted to get other EU countries to sign up to a Franco-German proposal to harmonise corporate tax rules by mid 2019. Le Maire and his German counterpart Olaf Scholz ...
EU Authority fines five Banks for €2.48 million in total
July 24th, 2018
The European Securities and Markets Authority (ESMA) has fined Danske Bank, Nordea Bank, SEB, Svenska Handelsbanken and Swedbank €495,000 each and issued five public notices for negligently breaching the Credit Rating Agencies Regulation (CRAR). ESMA found that the five ...
EU anti money-laundering rules enter into force
July 11th, 2018
New EU rules against money laundering, which entered into force Monday, introduce stricter transparency requirements on the real owners of companies and strengthen the fight against terrorist financing. The 5th Anti-Money laundering Directive, first proposed by the European Commission ...
Cryptocurrency in Europe set to double in interest
July 9th, 2018
The number of Europeans with cryptocurrency is set to double in the near future according to research from ING Bank. Currently, 9% of users have cryptocurrency in Europe, but ING reports that another 16% want to invest in the ...
JPMorgan maps out currencies to buy If a recession is coming
July 9th, 2018
If a U.S. or global recession is looming, it’s time to own the Swiss franc, Singapore dollar, U.S. dollar and Japanese yen — and ditch emerging market currencies, according to analysts from JPMorgan Chase & Co. “Recessions are when ...
