Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Central Europe Could Face Megadroughts as Climate Change Hits
Mar 23 2021 // Policy makers who are raising the alarm over water scarcity could still be underestimating the scale of droughts in store for central European economies, according to new research. More frequent dry spells over the last...
Britain Says Financial Services Agreement With EU Should Come Soon
Mar 18 2021 // Britain expects to seal a financial services cooperation pact with the European Union shortly, a senior finance ministry official told a conference on challenges from market fragmentation. The City of London’s ties...
EU Threatens to Ban COVID Vaccine Exports to Britain
Mar 18 2021 // BRUSSELS – The European Union threatened on Wednesday to ban exports of COVID-19 vaccines to Britain to safeguard scarce doses for its own citizens facing a third wave of the pandemic that would jeopardize plans to...
‘Green’ Investment Funds Less Vulnerable to Climate-Related Shocks: EU Watchdog
Mar 17 2021 // Funds investing in “brown” or polluting companies would be hit far harder than environmentally friendly “green” funds in a climate-related market shock, the European Union’s securities...
EU Prepares to Get Tougher on Asset Managers that ‘Greenwash’ Sustainable Credentials
Mar 10 2021 // LONDON/BRUSSELS – For money managers and advisers keen to market their sustainable investing credentials to European clients, going green is about to get a lot tougher. Under a suite of new EU finance rules due to be...
UK and EU on Track to Agree on Financial Services Cooperation – but Trust Must Be Built
Mar 5 2021 // Britain and the European Union are on course to agree a deal on regulatory cooperation in financial services this month, but the UK’s actions in Northern Ireland makes it harder to build trust, the bloc’s...
Climate Change Activists ‘Welcome’ AIG CEO Zaffino; EU Urges More Insurance
Mar 4 2021 // Climate change is weakening the ocean currents that shape weather on both sides of the Atlantic. The Atlantic Meridional Overturning Circulation during the 20th century has weakened more than at any other time over the...
Update – Aon’s $30B Bid for Willis Towers Watson Faces EU Antitrust Warning: Reuters
Mar 3 2021 // BRUSSELS – Aon will face a list of objections by the EU’s antitrust watchdog which it must overcome with concessions to proceed with its $30 billion bid for Willis Towers Watson, two people familiar with the matter...
European Union Weighs Emergency Approvals for COVID Vaccines
Mar 2 2021 // The European Commission said on Tuesday that it was considering emergency approvals for COVID-19 vaccines as a faster alternative to more rigorous conditional marketing authorisations which have been used so far. The move...
Post-Brexit Exodus of Staff and Assets from London to EU Slows
Mar 2 2021 // LONDON – The shift in financial staff and assets from the City of London to the European Union because of Brexit has eased after Britain completed its full departure from the bloc, a tracker from consultants EY showed on...
EU Seeks More Protection from Climate Risks by Increasing Resilience, Insurance Cover
Feb 26 2021 // The European Union is bolstering its 14-trillion-euro ($17 trillion) economy against damage caused by the impacts of climate change, from droughts to floods and forest loss. Under an updated climate adaptation strategy...
Britain Reviews Rulebooks to Keep Financial Services Sector Competitive After Brexit
Feb 25 2021 // Britain is conducting a review of its financial rulebooks and policies to see how it can keep its 130 billion pound ($184 billion) finance sector competitive after Brexit left it largely cut off from the European...
Italy’s Top Insurer Generali to Invest €3.5B in COVID-Hit European Countries
Feb 24 2021 // MILAN – Italy’s top insurer Generali said on Wednesday it launched a 3.5 billion euro ($4.26 billion) investment plan over five years to support the recovery of European countries hit by COVID-19. The plan, dubbed...
UK, EU to Create Financial Services Cooperation Forum for Market Access Talks
Feb 23 2021 // Plans by Britain and the European Union to set up a new financial cooperation forum by the end of March have made some progress but this will not automatically lead to market access, senior officials said on...
About 1,000 EU Finance Firms, Such as Insurers, Eye Post-Brexit Outposts in UK
Feb 22 2021 // Around 1,000 European Union finance firms are expected to open their first offices in the UK after losing their passporting rights because of Brexit. Roughly two-thirds of the 1,500 money managers, payment firms and...
Uber’s UK Court Loss Likely to Trigger More Complaints from Gig Workers Across Europe
Feb 22 2021 // Uber Technologies Inc.’s defeat in a UK legal battle over the way it treats its drivers is set to trigger a wave of complaints from workers across the region. Britain’s Supreme Court ruled Friday that Uber must...
Uber Urges EU to Recognize Gig Business Model as UK Court Is Set to Rule
Feb 17 2021 // Uber on Monday called on EU regulators to recognize the value of independent contracts in job creation as they consider new rules to protect gig economy workers. The company has been criticized for classifying its drivers...
EU Experts Hit Roadblock in Trying to Resolve Tech, Carmakers’ Patent Dispute
Feb 12 2021 // European Union efforts to resolve a patent dispute between tech companies and carmakers have hit a roadblock after experts enlisted for advice failed to agree on the level of royalties or who should pay them. Tech firm...
Brexit Boosts Amsterdam Ahead of London as Europe’s Top Stock Trading Center
Feb 11 2021 // Amsterdam has displaced London as Europe’s biggest share trading center after Britain left the European Union’s single market, and picked up a chunk of UK derivatives business along the way, according to data...
UK Insurers Not Likely to See Cuts in Capital Requirements After Brexit: Bank of England
Feb 10 2021 // The Bank of England told insurers on Wednesday not to expect any big reduction in capital requirements after Brexit, adding that more capital could be “part of the answer” to meeting a 1.7 billion pound bill...
