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Thursday, October 18, 2018

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EU Commission aims move to reduce governments’ veto powers

The European Commission will propose measures that could reduce EU small states’ veto powers, a move meant to overcome resistance to tax reforms as the bloc aims to increase levies on digital multinationals.

Monsanto lobbyists remain banned from EU parliament

Lobbyists for Monsanto remain barred from the European parliament after the US agrochemical giant refused to attend a public hearing.

EU reissues ultimatum on hate speech

The European Union gave the ultimatum to social media companies last year, including Google, Facebook and Twitter, to remove hate speech from their platforms.

Is Facebook losing its base?

The pioneering social media site is increasingly being looked at skeptically by college-aged Americans, according to new polling data.

Norway wrestles with EU ties

While Britain looks to Norway for inspiration in its divorce from the EU, some in Oslo see the U.K. as a model for severing ties to the 28-nation bloc altogether.

Greek PM Tsipras calls for European alternative for IMF

Alexis Tsipras said that many EU leaders recognize the need for Europe to create its own institutions to deal with problems, instead of relying to outside help such as the IMF.

Russia sanctions costs the EU €30 billion

New research – which was carried out by the Austrian Institute of Economic Research (WIFO) - showed EU exports to Russia declined annually by 15.7 percent since 2014 when the sanctions were put into place.

EU employment highest on record

Employment in the 28-nation European Union increased to the highest on record in the second quarter.

EU commits to better protect marine life

The European Union and its private sector will commit about 1 billion euros to better protect marine life during the global Our Ocean conference this week.

Google creates a separate shopping service unit to avoid EU fines

Google is preparing to split off its shopping service into a standalone unit in order to satisfy EU demands over the display of rival shopping comparison sites.

IMF chief tells bankers to not dismiss cryptocurrency

Christine Lagarde, the head of the International Monetary Fund, has a message for the world's central bankers: Don't be luddites.

Worried British government warns for Brexit chaos

Brexit will descend into chaos if British lawmakers reject a bill designed to lay the legislative framework for the country’s EU exit,.

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