Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
UK Fintech Startup Revolut Gets EU Banking License in Lithuania
Dec 13 2018 // Revolut, the London-based financial technology startup, has obtained a European banking license as Brexit looms, with plans to launch checking and savings accounts as well as retail and business lending. The Bank of...
UK Prime Minister Survives Confidence Vote but Party Is Bitterly Divided
Dec 12 2018 // Prime Minister Theresa May survived a confidence vote from her Conservative party on Wednesday, but more than a third of her lawmakers said she was no longer the right leader to implement Britain’s exit from the...
Brexit to Cause Irreversible Damage to UK Financial Services, Say Industry Leaders
Dec 12 2018 // Life in London’s financial district will appear little changed when Britain leaves the European Union on March 29, defying predictions of an exodus of high-flyers to rival centers like Paris, Frankfurt and...
Brexit Uncertainties Heighten as UK Prime Minister Faces Vote of No Confidence
Dec 12 2018 // Theresa May will fight for her job as British prime minister after being told she will face a vote of no confidence in her leadership, throwing the U.K. into fresh turmoil and Brexit into disarray. “I will contest...
Sweden’s Wildfires Highlight Cost of Rapidly Changing Climate in Europe
Dec 12 2018 // Hannele Arvonen, the owner of one of Sweden’s largest lumber yards, is spending the winter months planning for a new and unexpected threat to her business: regular wildfires raging just south of the Arctic...
U.S. Intends to Sign Post-Brexit Insurance Pact with Britain
Dec 11 2018 // The U.S. Treasury and U.S. Trade Representative’s office said on Tuesday they intended to sign a new bilateral insurance agreement with Britain that will provide insurance market regulatory certainty and continuity...
UK Prime Minister Defers Brexit Vote, Raising Risk of No Deal
Dec 10 2018 // Theresa May is playing for time. Faced with a humiliating defeat on her Brexit deal, the embattled U.K. prime minister announced to the House of Commons she would defer a vote and return to Brussels to seek...
UK Can Reverse Brexit Process, Rules Top EU Court
Dec 10 2018 // The U.K. can unilaterally reverse the Brexit process, the European Union’s top court said in a landmark ruling that will fuel the campaign to thwart the divorce on the eve of a possible make or break vote in the...
Post-Brexit Free Trade Would Still See U.K. Insurance Services Exports Fall 19%: Think Tank
Dec 7 2018 // U.K. financial-services exports to the European Union could be 59 percent lower after Brexit, even if Prime Minister Theresa May secures a free-trade agreement, according to the Centre for European Reform. “Any...
EU Lawmakers Target Big Tech Firms’ Unfair Business Practices
Dec 6 2018 // EU lawmakers agreed on Thursday to take a tougher stance against tech giants such as Google , Amazon and Apple in new legislation aimed at curbing unfair business practices. A European Parliament committee voted in favor...
EU Court Ruling on U.K. Right to Reverse Brexit Expected Dec. 10
Dec 6 2018 // The European Union’s highest court will on Dec. 10 tell the U.K. whether it should be allowed to unilaterally reverse Brexit, in a landmark ruling that could offer hope to those who want their country to call off the...
EU Bank Reform Includes Insurance, Bad Loan, Other Sweeteners
Dec 4 2018 // European Union finance ministers struck a deal on a major reform of banking rules on Tuesday, addressing some of the loopholes exposed by the global financial crisis. The overhaul, proposed by the European Commission in...
EU Court’s Non-Binding Ruling Says U.K. Can Reverse Brexit
Dec 4 2018 // The U.K. should be allowed to reverse Brexit, according to an advisory opinion from the European Union’s top court that will fuel the campaign to thwart the divorce. The opinion, which isn’t binding, comes at a...
G20 Skirts Taboos in Reaching Agreement on WTO Reforms
Dec 3 2018 // Many delegates from the world’s 20 largest economies arrived at a summit in Argentina this week determined to clinch an agreement to reform the global trade system, pushed to a breaking point by tensions between the...
How States Differ in Responding to Coverages and Their Application
Dec 3 2018 // I have done a tremendous amount of errors and omissions (E&O) work over the years, including serving as approved and accredited auditor for two major E&O carriers, a certified E&O instructor, an author of an...
UK’s EU Draft Divorce Deal Preferable to No-Deal Brexit, Says FCA
Nov 30 2018 // Britain’s draft divorce settlement with the European Union is preferable to a no-deal Brexit even though this would leave it without a say over EU financial rules, its finance industry watchdog said on Thursday. The...
No-Deal Brexit Could Be Worse for UK Economy than 2008 Financial Crisis: BoE
Nov 29 2018 // Britain risks suffering an even bigger hit to its economy than during the global financial crisis 10 years ago if it leaves the European Union in a worst-case Brexit scenario in four months’ time, the Bank of England...
Markel International to Partner with Yacht Insurer Pantaenius
Nov 28 2018 // Markel International, the specialist insurer, will partner with Pantaenius GmbH, the European yacht insurance provider, to strengthen and broaden the capabilities and services that together they provide their clients...
UK Economy Could Take 10.7% Economic Hit with No-Deal Brexit: Gov’t Report
Nov 28 2018 // The U.K. will suffer a major economic hit if Parliament rejects Theresa May’s Brexit deal and the country crashes out of the European Union with no new trade arrangements in place, according to official analysis. A...
Update: AXA Expects Profits to Be Boosted by Its $15 Billion XL Deal
Nov 28 2018 // AXA, Europe’s second-biggest insurer, expects its profitability to improve in the next two years thanks to U.S. business brought in by its new XL arm, and said it would now focus on expanding in Asia. The French...
