Search Results for: europe
EU-US trade in goods: €153 billion surplus in 2019
March 11th, 2020
In 2019, the United States was the largest partner for EU exports of goods (18% of total extra-EU exports) and second largest for EU imports of goods (12% of total extra-EU imports), after China (19%). Looking at the period ...
Bank of England cuts rates, and stock markets rise
March 11th, 2020
European markets opened higher on Wednesday despite a lackluster performance in Asia. Still, futures markets indicated that Wall Street could be in for a tough opening. Major indexes in London, Frankfurt and Paris opened 1.8 percent higher, shortly after ...
iSignthis and NSX Limited enter into ClearPay Joint Venture
February 20th, 2020
ClearPay JV will develop a Delivery versus Payment (“DvP”) platform, which is planned to supersede the current (T+ various days delayed for the clearing and settlement) process offered by current incumbent domestic and global stock exchanges. The development will ...
EU puts Cayman Islands on tax haven blacklist
February 19th, 2020
The European Union has added the Cayman Islands, a UK overseas territory, to its tax havens blacklist. It joins Oman, Fiji and Vanuatu, which have also been accused of failing to crack down on tax abuse. Oxfam, which lobbies ...
Facial recognition technology breaches GDPR says Vestager
February 19th, 2020
Margrethe Vestager, EU’s tech chief Margrethe Vestager said on Thursday that facial recognition technologies breach the need to give consent, which is stipulated in Europe’s data protection rules (GDPR). However, the Commissioner backed their use in case of public ...
Coronavirus and credit – a perfect storm
February 19th, 2020
This article posits that the spread of the coronavirus coincides with the downturn in the global credit cycle, with potentially catastrophic results. At the time of writing, analysts are still trying to get to grips with the virus’s ...
Yen holds gains on virus woes, euro crumbles on weak growth outlook
February 14th, 2020
The Japanese yen held onto gains against the dollar on Friday as renewed worries about the coronavirus outbreak supported demand for safe-haven currencies and weighed on prices of riskier assets. The Chinese yuan nursed losses in offshore trade as ...
How Emerging Market stocks and currencies kicked off the week
February 3rd, 2020
Emerging market stocks held at near two-month lows on Monday, showing no signs of reprieve as investors continued to worry about the economic hit from a deadly virus outbreak in China. As traders in Asia’s biggest economy returned from ...
Dollar at 2-month high, Aussie weak as virus anxiety spreads
January 30th, 2020
The dollar held near a two-month high against a basket of major currencies while the Australian dollar and the yuan were under pressure on Thursday as investors tried to shield themselves from assets that could be hit by China’s ...
Data protection fines hit £100m during first 18 months of GDPR
January 23rd, 2020
European countries have imposed approximately €114 million (£97 million) in data protection fines on businesses since revamped laws came into force in May 2018. Regulators have received 160,000 data breach reports, with UK firms third-most reported across Europe Approximately ...
