Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
EU Set to Approve Aon-Willis Merger; More Concessions Unlikely: Reuters
Apr 28 2021 // Insurance broker Aon is set to gain conditional EU antitrust approval for its $30 billion bid for Willis Towers Watson without having to offer more concessions, people familiar with the matter said. Aon, which clinched the...
EU Inquires About 9 Potential Buyers of Assets in Aon-Willis Deal
Apr 27 2021 // BRUSSELS–EU antitrust regulators are asking Aon rivals and customers who is the best buyer for assets the insurance broker has offered to sell to address competition concerns about its $30 billion Willis Towers...
Europe’s Hopes for Digital Health Passports Face Security, Fraud, Political Challenges
Apr 26 2021 // As Europe races to set up a digital health pass scheme to save the holiday season from the pandemic, technical and political obstacles are showing just how big a challenge the world faces in building such systems, people...
EU Privacy Supervisor Urges Ban on Facial Recognition Software
Apr 26 2021 // Facial recognition should be banned in Europe because of its “deep and non-democratic intrusion” into people’s private lives, EU privacy watchdog the European Data Protection Supervisor (EDPS) said on...
EU Announces Tough Draft Rules on Use of Artificial Intelligence
Apr 22 2021 // BRUSSELS – The European Commission on Wednesday announced tough draft rules on the use of artificial intelligence, including a ban on most surveillance, in an attempt to set global standards for a key technology...
J&J to Resume Shipments of COVID-19 Vaccine to EU with Safety Warning
Apr 21 2021 // Johnson & Johnson said on Tuesday it will resume rolling out its COVID-19 vaccine in Europe after the region’s medical regulator said the benefits of the shot outweigh the risk of very rare, potentially lethal...
Impact of Brexit on City of London Is Worse than Expected: Study
Apr 16 2021 // LONDON – Over 400 financial firms in Britain have shifted activities, staff and a combined trillion pounds ($1.4 trillion) in assets to hubs in the European Union due to Brexit, with more pain to come, a study from New...
EU Set to Ban Artificial Intelligence Used for Mass Surveillance, Ranking Social Behavior
Apr 15 2021 // The European Union is poised to ban artificial intelligence (AI) systems used for mass surveillance or for ranking social behavior, while companies developing AI could face fines as high as 4% of global revenue if they...
EU Antitrust Regulators Extend Deadline to July 27 for Decision on Aon-Willis Deal
Apr 14 2021 // BRUSSELS – European Union antitrust regulators have extended until July 27 the deadline for their decision on Aon’s $30 billion bid for rival Willis Towers Watson, a European Commission filing showed on...
7 European Countries Commit to Halt Export Finance for Fossil Fuel Projects
Apr 14 2021 // Seven European countries, including Germany, France and Britain, will commit on Wednesday to stop public export guarantees for fossil fuel projects, French Finance Minister Bruno Le Maire said on Tuesday. Coal, oil and gas...
Aon’s Concessions to EU May Not Be Enough to Close $30B Willis Deal: Sources
Apr 14 2021 // BRUSSELS – Insurance broker Aon’s offer to sell assets in five EU countries and takeover target Willis Towers Watson’s reinsurance arm may not be enough to address EU competition concerns, people familiar...
Confidence Among UK CFOs Hits Record High, Helped by Vaccinations, Brexit Hopes
Apr 12 2021 // Confidence among big businesses in Britain about their profits in the year ahead has hit a record high, helped by the country’s coronavirus vaccinations and hopes for less Brexit disruption, a survey of chief finance...
Update: Aon Offers to Sell Assets to Gain EU Antitrust Approval for $30B Willis Bid
Apr 12 2021 // BRUSSELS – Insurance broker Aon has offered to sell assets in several EU countries and the reinsurance unit of takeover target Willis Towers Watson to gain EU antitrust approval for its $30 billion acquisition bid, a...
People Moves: Dietrich Named CEO, Hiscox Europe; Hartford’s Milner to Canopius; Agile Risk’s Foster to IGI; HDI Promotes Digman
Apr 9 2021 // This wrap-up of International People Moves details recent appointments at Hiscox, Canopius, IGI and HDI Global. A summary of these new hires follows here. Hiscox Robert Dietrich Specialist global insurer Hiscox has...
European Union Institutions Targeted in Major Cyber Attack
Apr 7 2021 // A range of European Union institutions including the European Commission were hit by a significant cyber attack last week. A spokesperson for the commission said that a number of EU bodies “experienced an IT security...
Britain Shouldn’t Blindly Adopt EU Rules Just to Keep Business in London: BoE’s Brazier
Mar 30 2021 // LONDON – Britain should not be “short-sighted” and copy European Union rules just to keep financial activity in London, Bank of England executive director for financial stability Alex Brazier said on...
SPACs Have Rocketed in U.S. but Europe Has Moved More Slowly. Here’s Why.
Mar 29 2021 // STOCKHOLM — “I get an email almost every morning from some SPAC seller telling me to do a SPAC with them,” said Johnny Boufarhat, CEO of Hopin, a virtual events platform. “It’s interesting,...
What Has Changed After Brexit for London’s Financial Center?
Mar 29 2021 // LONDON — Britain and the European Union agreed a new post-Brexit financial services pact on Friday that will allow them to cooperate on regulation but does little to improve the City of London’s access to the...
City of London Is Realizing that EU Will Limit Access for Financial Services: Lawmaker
Mar 26 2021 // LONDON – There is a growing realization that Britain should not wait for unlikely European Union access for financial services but get on with building a more competitive City of London, a senior lawmaker said on...
British Report Says London Joining EU Financial Services Market May Not Be Worth It
Mar 24 2021 // The City of London may be better off staying out of the EU’s financial services market as it would have to sacrifice autonomy over setting rules to win full access, a report by Britain’s upper house of...
