Data shows that consumer confidence in the European Union has fallen to its lowest level since the end of last year. According to Bloomberg, the European Commission’s monthly index dropped 1.1 points to -7.6, the lowest level since December and a steeper drop than the...
The European Union’s executive branch has called for urgent action to reverse what it believes is the region’s heavy reliance on computer hardware and software from other countries. An internal policy document by the European Commission’s Directorate-General for Communications Networks, Content and Technology outlines a...
In a move that increases pressure on multinationals, European Union commissioners-designate said the bloc should come to an agreement on a digital tax if a deal doesn’t happen at a worldwide level by the conclusion of 2020. The incoming commissioners also noted their priorities on...
Margrethe Vestager, the EU’s competition commissioner, is preparing to leave office with a bang, launching an investigation into Amazon while also preparing a fine against U.S. chipmaker Qualcomm, according to the Financial Times. Vestager is at the close of her five-year term as competition commissioner,...
With a new carsharing service that is like GM’s Maven or Car2Go but has all-electric vehicles, Volkswagen is rolling out WeShare in Berlin. The company is debuting 1,500 Volkswagen e-Golf cars for its fleet of on-demand rentals in the European city, according to reports. The...
A European Union (EU) official has revealed that the European Commission (EC) is taking a close look into past money laundering cases at EU banks to determine if current rules need to be changed. The official told Reuters that the EC is reviewing cases between...
A European Central Bank (ECB) policymaker has called bank mergers in the EU “desirable,” but admits that it’s ultimately up to individual banks to decide if they would like to consolidate with one another. “I don’t think of any special projects — this is not...
France’s lower parliament has passed a proposed tax that targets the revenue of tech giants like Google, Amazon and Facebook. Last month, France’s finance minister announced the 3 percent tax, which targets digital businesses with €750 million ($845 million USD) in global revenue and €25 million in...
Ahead of the U.K.’s potential departure from the European Union, the bloc’s banking watchdog is imploring member states to protect the deposits of customers. While national deposit schemes cover bank deposits up to 100,000 euros, that protection does not cover branches of banks from not in...