Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
New York Again Ranks as Top Global Financial Hub But London Gains in Volatile Index
Sep 25 2020 // New York again heads the rankings of the world’s leading global financial centres. The Global Financial Centres Index 28, launched by London think tank Z/Yen Group in partnership with the China Development Institute...
Insurers May Cut Allocations to Poorly Performing Hedge Fund Investment Sector
Sep 24 2020 // Having complained for years about hedge funds’ high fees and lackluster performance, insurance firms may be preparing to cut allocations to the sector after its poor performance during recent market upheaval left...
Toyota Insurance in Europe Joins Swiss Re’s Vehicle Risk Rating System
Sep 23 2020 // Toyota is the newest partner in the Swiss Re platform that provides a risk score on vehicles so insurers can develop premiums that reflect new safety features. Through this partnership with Toyota Insurance Services...
COVID-19 Vaccine Makers Expect EU Liability Shield for Unexpected Side-Effects
Sep 22 2020 // Vaccine makers will be indemnified in Europe if their COVID-19 shots cause unexpected side-effects, an industry official said on Tuesday, as nearly 40 firms pursue talks on possible authorisation for shots in...
Banks, Insurers Await ‘Brexit Dividend’ of ‘British-Style’ Regulation
Sep 22 2020 // Britain will adopt tough but less bureaucratic financial rules after Brexit, starting with simpler regulation of small banks, Bank of England Deputy Governor Sam Woods said on Tuesday. Britain will soon unveil new...
Facebook Tells Irish Court That It Needs Data Transfer Mechanism to Operate
Sep 21 2020 // Facebook has told Ireland’s High Court it cannot see how its services could operate in the European Union if regulators freeze its data transfer mechanism, the Sunday Business Post reported, citing court documents...
EU’s Barnier Still Hopes for UK Trade Deal Despite Latest Crisis
Sep 18 2020 // The European Union’s Brexit negotiator told the bloc’s 27 national envoys to Brussels that he still thinks a trade deal with Britain is possible despite a new crisis in the tortuous four-year saga, diplomatic...
How Spain’s COVID Tracing App Navigates Europe’s Privacy Protections
Sep 17 2020 // “What does RadarCOVID not do?” a promotional video for Spain’s contact-tracing app asks. The answer: while navigating the country’s decentralized healthcare system, it does not locate users,...
Soccer Star Messi Scores Trademark Victory Over Massi in EU Court
Sep 17 2020 // Barcelona and Argentina captain Lionel Messi has won a legal battle over trademark rights relating to his own logo after the European Union’s top court on Thursday dismissed an appeal against the player from a...
Chances for Brexit Deal With Britain Fade Every Day, Warns European Union Leader
Sep 16 2020 // Every passing day reduces chances for sealing a new trade deal with Britain, the European Union’s chief executive said on Wednesday, warning London that there was “very little time” left to put an...
Coronavirus Pandemic Will Have Severe Impact on Social Inflation: Fitch’s Mazzuoli
Sep 15 2020 // Claims inflation for the commercial liability business will increase through 2020, although it was accelerating even before the coronavirus pandemic hit. This trend, known as social inflation, has led the insurance...
Google’s YouTube Sued for $3 Billion in UK over Use of Children’s Data
Sep 15 2020 // Alphabet Inc.’s Google faces a multibillion-dollar lawsuit in the UK over claims that YouTube routinely breaks privacy laws by tracking children online. The suit, filed on behalf of more than 5 million British...
Facebook Going to Court in Ireland to Salvage Its EU to U.S. Data Transfer Practices
Sep 11 2020 // Facebook Inc. launched legal action on Friday against Ireland’s Data Protection Commission in an attempt to halt a proposed order that could stop the company from transferring data from the European Union to the...
Fitch’s Reinsurance Outlook Remains Negative, Despite Entry into Hard Market Phase
Sep 11 2020 // Fitch Ratings said yesterday its ratings outlook for companies in the global reinsurance sector will continue to remain negative as a result of hefty coronavirus claims and low interest rates. The good news for companies,...
EU Wants Better Self-Regulation by Facebook, Google, Twitter; Plans Liability Changes
Sep 11 2020 // Two years after agreeing to a self-regulatory code of practice to tackle disinformation, Facebook, Alphabet’s Google, Twitter and other tech rivals must try harder to be more effective, the European Commission said...
More Questions Raised Following EU Ruling on U.S. Data Transfer Privacy Shield
Sep 10 2020 // The key mechanism used by Facebook to transfer data from the European Union to the United States “cannot in practice be used” for such transfers, according to Ireland’s Data Protection Commission,...
European Insurers Worried Regulators May Block COVID-19 Dividends
Sep 9 2020 // Global regulators should not ban insurers from paying dividends as a result of COVID-19 and should give firms more time to report their capital positions, European insurers said on Monday. The pandemic will likely lead to...
Fears of Brexit With No Trade Deal Rise Over State Aid Dispute
Sep 4 2020 // The chances of Britain leaving the European Union without a trade deal have risen sharply as negotiations have been threatened by London’s insistence that it have full autonomy over its state aid plans, negotiators...
Pandemic Shows Why Climate Change Is Major Economic Risk, Says Europe’s Schnabel
Aug 31 2020 // The coronavirus pandemic demonstrates in the clearest terms why central banks must take a bigger role in fighting climate change even if the issue at first appears unrelated to monetary policy, European Central Bank board...
Germany’s Merkel Urges Stronger Global Effort on Climate Change
Aug 28 2020 // German Chancellor Angela Merkel said on Friday that global efforts to combat climate change were insufficient, and that she would accelerate the fight to combat it in coming years. At a news conference, she said the...
