Tag Archives: European Union

Business is ‘staring down the precipice’ over Brexit | CNN

Companies in the United Kingdom are suffering from a bad case of déjà vu after lawmakers rejected a second version of the Brexit deal negotiated by Prime Minister Theresa May.

“Enough is enough,” said Carolyn Fairbairn, director general of the Confederation of British Industry, a business lobby. “It’s time for parliament to stop this circus,” she added, stressing that “jobs and livelihoods depend on it.”

The stunning defeat increases the chances that Britain will crash out of the European Union without a deal in just 17 days — doing big damage to the economy — or that Brexit will be delayed, prolonging the uncertainty for business.

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Brexit: Delay is ‘most likely’ option, says former chancellor | BBC News

Former Chancellor George Osborne has said delaying the UK’s exit from the EU is now the “most likely” option.

The UK has to choose between no deal – which he compared to Russian roulette – or no Brexit for now, he told the BBC.

MPs are proposing alternative plans to the PM’s deal with the EU, including seeking an extension to the UK’s exit date – it is due to leave on 29 March.

But the prime minister has said the “right way” to rule out no-deal Brexit is to approve her withdrawal agreement.

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EU to launch counter-tariffs against US on Friday | BBC News

The European Union will launch a raft of retaliatory tariffs against US exports on Friday, a top official has said.

The move comes after US President Donald Trump imposed steep duties on steel and aluminium earlier this month.

American exports such as blue jeans, motorbikes and bourbon whiskey will be targeted, trade commissioner Cecilia Malmstrom confirmed.

However, she said the bloc “did not want to be in this position”.

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Brexit talks: U.K. and EU begin divorce negotiations | CNN Money

Brexit talks are officially underway.

Officials charged with negotiating the first departure of a country from the European Union were in Brussels on Monday to kick off the most consequential series of talks for the U.K. since the end of World War II.

Chief U.K. negotiator David Davis is meeting his EU counterpart, former French foreign minister Michel Barnier, to grapple with a complex set of questions about the future of trade and migration, how much the country must pay to settle its bill with the bloc, and the rights of millions of citizens who have settled in Britain or Europe.

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EU referendum: How is the US (not) like the EU? | BBC News

As the Brexit referendum debate approaches its day of judgement, many Americans have been left with a number of questions.

What is Brexit? What happens if the UK votes to leave? And, uh, what do the letters EU stand for again?

So here are some basics. The EU is the European Union. The people of the United Kingdom may – or may not- want to leave.

Like the US, the EU has a flag. They both have their own currencies. They control their external borders and their citizens have an unlimited right of movement within their internal borders. They regulate immigration.

And, perhaps, the forces that have led the UK to consider withdrawing from the EU could also be at play in the US.

No, seriously. Here are handful of ways the EU and the US are similar enough to merit such consideration, and a few reasons why they aren’t.

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Brexit Europe risk | Business Insider

Everyone is suddenly talking about the coming Brexit vote.

With Britain preparing to vote in a June 23 referendum on whether to leave the European Union, the latest polls seem to suggest that Brits are leaning toward Leave:

The ICM phone and online poll: Remain 47% / Leave 53%

ORB phone poll: Remain 48% / Leave 49%

YouGov online poll: Remain 39% / Leave 46%

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Europe eyes new rules for online platforms | TechCrunch

The European Union’s executive body has today set out a series of proposals for new rules that would apply to a broad range of online platforms, from the likes of YouTube to Google to eBay, as part of ongoing efforts to boost competitiveness in the region under its Digital Single Market Strategy.

The proposals follow a year long assessment by the European Commission of online platforms, after which it says it has concluded that a ‘one-size-fits-all’ approach is not appropriate to maximize consumer benefits while ensuring effective regulation across all the different types of platforms — so it says it will rather look at each area where it can act “from telecoms to copyright rules, to address any specific problems in a future-proof way for all market players”.

Among the proposed changes is a new set of audiovisual rules — with the stated aim of achieving a better balance between rules that apply to traditional broadcasters vs online video-on-demand providers and video-sharing platforms like YouTube. Key among the EC’s concerns here is safeguarding minors.

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EU to make big firms come clean on tax | BBC News

Plans to force the largest companies to disclose more about their tax affairs will be unveiled by the European Union on Tuesday.

Britain’s EU Commissioner, Lord Hill, is set to present the rules, which will affect multinational firms with more than €750m (£600m) in sales.

They will have to detail how much tax they pay and in which EU countries.

The plans come amid heightened scrutiny of the use of tax havens following the Panama Papers revelations.

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Internet rules could require parental OK for millions of teens | CNN Money

It could get a lot harder for kids and young teens to access the Internet in Europe over the next few years.

Top political leaders and lawmakers across the European Union are in the midst of finalizing updated regulations to protect the personal data of people across the region. An agreement could come as early as Tuesday and the new rules would go into effect in 28 European countries in about two years.

While intentions are good, one particular proposal that tries to protect children is drawing harsh criticism.

The proposal calls for all kids under the age of 16 to get parental consent before they use online services, including social media websites such as Facebook and Twitter.

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EU accuses Google Shopping of search ‘abuse’ – BBC News

The European Union has filed a complaint against Google over its alleged anti-competitive behaviour.

The competition commissioner said she had issued a “statement of objections”, stating that the firm’s promotion of its own shopping links amounted to an abuse of its dominance in search.

Margrethe Vestager said Google now had 10 weeks to respond.

The firm said it “strongly disagreed” with the allegations and looked forward to making its case.

Ms Vestager also revealed that she had launched an investigation into whether the way Google bundled apps and services for its Android operating system was unfair.

And the commissioner said the EU would continue to monitor other activities by Google that its rivals had complained about.

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