Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Update: Danske Whistleblower Says U.S., European Banks Helped Launder Money
Nov 19 2018 // The whistleblower who revealed alleged money laundering involving Danske Bank said on Monday that a major European bank helped process up to $150 billion in suspicious payments, or nearly two-thirds of the transactions...
Explaining Danske Bank’s €200 Billion Money Laundering Scandal
Nov 19 2018 // Danske Bank has been caught up in one of the largest-ever money laundering scandals. Howard Wilkinson, the whistleblower who first alerted Denmark’s biggest bank to the problem, testified before the Danish parliament...
UK Prime Minister Defiantly Battles to Save Brexit Divorce Deal – and Her Job
Nov 16 2018 // British Prime Minister Theresa May won the backing of the most prominent Brexiteer in her government on Friday as she fought to save a draft European Union divorce deal that has stirred up a plot to force her out of her...
Hard Brexit Could Cost UK 6% of GDP, IMF Warns
Nov 16 2018 // Leaving the European Union without a transitional trade deal would cost Britain about 6 percent of GDP — roughly four years of economic growth — compared with staying in the bloc, the International Monetary...
Hardline Brexiteers Bet UK Can Defy Trade-Gravity Theory with No-Deal Brexit
Nov 16 2018 // The U.K.’s hardline Brexit backers are making their move. If they get their way on new trade arrangements, they’ll face a test of gravity. Many of those plotting to oust Prime Minister Theresa May also favor...
Danske Bank’s Money Laundering Could Implicate Other Banks: Whistleblower Lawyer
Nov 15 2018 // Danske Bank’s 200 billion euro ($225 billion) money laundering scandal might be the “tip of the iceberg” and investigators should examine whether major Western banks played a role, a lawyer for the...
U.S. Multinationals Flee No-Tax Caribbean Havens, in Favor of Low-Tax Havens
Nov 15 2018 // Many U.S. multinational corporations have packed up or are choosing to open subsidiaries in low-tax, rather than no-tax, countries that are seen as more legitimate than the formerly popular island destinations of the...
Brexit Plan in Chaos After Cabinet Resignations
Nov 15 2018 // Brexit Secretary Dominic Raab quit the U.K. Cabinet over Theresa May’s handling of Brexit, dealing a severe blow to the prime minister who must now consider if her position is tenable. The pound tumbled. Shortly...
Brexit Uncertainties Remain for City of London – Despite Approval of Draft Deal
Nov 15 2018 // The City of London averted one disaster with the draft Brexit deal announced Wednesday. But the resignation of Brexit Minister Dominic Raab showed the obstacle course is far from over. Even if the U.K. Parliament clears...
UK, EU Agree on Draft Brexit Divorce Deal with More Hurdles to Come
Nov 13 2018 // Britain struck a draft divorce deal with the European Union after more than a year of talks, thrusting Prime Minister Theresa May into a perilous battle over Brexit that could shape her country’s prosperity for...
Brexit Negotiators Work Through Night to Reach Deal, Entering `Endgame’
Nov 13 2018 // Brexit negotiators are working through the night in an effort to reach a deal, but the final stage of the talks is proving “immensely difficult,” U.K. Prime Minister Theresa May said. “The negotiations...
Lloyd’s Officially Opens Its EU Headquarters, Lloyd’s Brussels
Nov 13 2018 // Lloyd’s, the insurance and reinsurance market, officially opened Lloyd’s Brussels, its post-Brexit headquarters in the European Union. Lloyd’s Brussels is Lloyd’s first Europe-wide operation and...
UK PM May’s Brexit Strategy Under Increasing Attack, as Political ‘Mess’ Grows
Nov 12 2018 // Prime Minister Theresa May’s Brexit strategy came under attack from all sides on Monday, increasing the risk that her plan for leaving the EU will be voted down by parliament and thrust the United Kingdom towards a...
Deadly Lion Air Crash Puts Spotlight on Safety Culture Within Indonesia’s Airlines
Nov 9 2018 // In April 2013, a Lion Air Boeing 737 missed the runway on the Indonesian resort island of Bali in bad weather and plowed into the sea, cracking its fuselage open on the rocks. All 108 on board survived. But a September...
Tallying Losses from October’s Global Catastrophes
Nov 8 2018 // October was a deadly and costly month due to natural catastrophes, with the the U.S. and Europe being hit particularly hard, according to Aon’s Impact Forecasting. Total U.S. economic losses from October’s...
U.S. Reimposes Iranian Sanctions, Hitting Insurance, Shipping, Energy, Banking
Nov 5 2018 // The U.S. reimposed sanctions on Iran’s critical oil industry Monday, raising pressure on the Islamic Republic to scale back its ballistic missile program and involvement in conflicts across the Middle East. The...
UK Confident It Will Form Deal with EU on Post-Brexit Financial Services Trade
Nov 5 2018 // The United Kingdom is confident that it is on the verge of reaching an agreement with the European Union to give London’s vast financial center access to EU markets after Brexit, Britain’s financial services...
UK Insurance Businessman, Pro-Brexit Donor Denies Russian Connection
Nov 5 2018 // Arron Banks, the insurance businessman whose millions of pounds of donations to a pro-Brexit campaign are being investigated by police, denied Russia was involved and said the funds came from his U.K....
Pro-Brexit Groups, UK Insurance Businessman Banks Probed by Crime Agency
Nov 2 2018 // Donations made by pro-Brexit groups including Arron Banks’ Leave.EU will be investigated by police after the Electoral Commission said they may have “knowingly concealed” the true source of 8 million...
Federal Cyber Privacy Bill Calls for Fines, Prison for Executives’ Violations
Nov 2 2018 // A senior Democratic U.S. senator on Thursday unveiled draft legislation that would allow hefty fines and as much as 20-year prison terms for executives who violate privacy and cybersecurity standards. Senator Ron Wyden...
