Sunday, 18 August 2019

Tag Archives: European Union

EU considers using algorithms to detect anti-competitive acts

MECHELEN: To find companies that may be using software to fix prices, EU regulators may create their own algorithms. European Competition Commissioner Margrethe Vestager said that it’s now easy for price collusion to occur, Reuters reported. “It is a hypothesis that not all algorithms will have been to law school,” Vestager ...

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Brexit gives grounds for hope, says Boris Johnson

Boris Johnson

LONDON: Foreign minister Boris Johnson will appeal on Wednesday to those who he says are seeking to reverse the result of Britain’s vote to leave the European Union, saying Brexit “is not grounds for fear but hope”. In the first of several speeches by government ministers that Prime Minister Theresa ...

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EU ready to hit back if Trump imposes anti-EU trade measures

LONDON: The European Union has said it stands ready to hit back “swiftly and appropriately” if US president Donald Trump takes unfair trade measures against the 28-nation bloc. The EU’s warning comes less than 24 hours after Mr Trump expressed his annoyance with EU trade policy, saying this irritation “may ...

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EU removes 8 countries from controversital tax blacklist

European Union finance ministers have removed eight countries, including much-criticized Panama, from a tax haven blacklist. Ministers say the jurisdictions have committed to making reforms that meet EU standards of tax transparency. But the nature of those reforms is not yet public. “I understand that some countries move from the ...

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Microwave ovens are cooking the environment: study

PARIS: Small electrical appliances such as microwave ovens, kettles and hair dryers harm the environment in a dozen different ways, and consumers can do far more to reduce the impacts, researchers said Thursday. In the European Union, the electricity used by 130 million microwaves puts 7.7 million tonnes of carbon ...

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France expects UK to pay up, take more refugees to keep border

PARIS: France expects Britain to agree to take more asylum seekers and pay more for border security in order to maintain a frontier on the French side of the Channel, a French government official said. Britain’s border was extended into France under a 2003 bilateral treaty known as the Le ...

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‘No deal’ Brexit could cost Britain about 500,000 jobs: London mayor

LONDON: Britain could lose almost 500,000 jobs and 50 billion pounds ($67.41 billion) investment over the next 12 years if it fails to agree a trade deal with the European Union, according a report commissioned by London Mayor Sadiq Khan. Cambridge Econometrics, an economics consultancy, looked at five different Brexit ...

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Macron Calls for China-EU Relationship to ‘Enter 21st Century’

BEIJING: French President Emmanuel Macron called for an overhaul to relations between China and the European Union, pushing for more balanced trade ties while embracing President Xi Jinping’s signature infrastructure push. Speaking on Monday in the ancient imperial capital of Xian, the eastern departure point of the Silk Road trade ...

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Criminal underworld is dropping bitcoin for other cryptocurrency

JOHANNESBURG: Bitcoin is losing its lustre with some of its earliest and most avid fans – criminals – giving rise to a new breed of virtual currency. The value of certain privacy-focused digital currency like monero, designed to avoid tracking, have climbed faster over the past two months as law ...

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Catalan separatists win election in rebuke to Spain and EU

BARCELONA: Catalonia’s separatists look set to regain power in the wealthy Spanish region after local elections, deepening the nation’s political crisis in a sharp rebuke to Prime Minister Mariano Rajoy and European Union leaders who backed him. With nearly all votes counted, separatist parties won a slim majority in Catalan parliament, a ...

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