Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
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...
Arch Insurance Europe Buys Ardonagh Group’s UK Commercial Lines Business
Nov 1 2018 // Arch Insurance Europe has purchased the UK Commercial Lines business owned by The Ardonagh Group and part of its Geo Underwriting operating segment. The acquisition will give Arch a meaningful presence and an extended...
QBE Restructures Operations, Creating 3 Global Units; Executive Team Named
Nov 1 2018 // QBE announced changes to its structure, designed to further simplify its operations and build a more streamlined, agile and customer-oriented business. Following the underwriting remediation in Asia, which is now largely...
Brexit Deal, Covering UK Financial Services, Is Closer to Completion: Officials
Nov 1 2018 // The United Kingdom and the European Union have made progress on a deal to give London’s dominant financial center basic access to EU markets after Brexit, two British officials said, but no agreement has yet been...
No-Deal Brexit Could Push UK into Lengthy Recession, Warns S&P
Oct 31 2018 // A no-deal Brexit would be likely to tip Britain into a recession as long as the downturn that followed the global financial crisis, and investors should no longer ignore this danger, credit ratings agency Standard &...
Update: Lion Air Jet Plunged at 350 Miles Per Hour Before Crash, Data Show
Oct 30 2018 // More than a day after a brand-new Boeing Co. 737 Max jet flown by Indonesia’s Lion Air plunged into the Java Sea, the search for the plane failed to yield much as investigators continued the grim task of uncovering...
