Europe Top News and Analysis Brussels

  • LONDON, Jan 23- Financial firms in Britain should be ready in case no trade agreement is struck with the European Union by December, a senior UK regulator said on Thursday. Britain has already put all EU financial rules into UK law, which means it will have "the most equivalent framework to the EU of any country in the world," Delfas told an event held by law firm BCLP.

  • Jan 23- Gold prices held steady on Thursday, as rising fears over the spread of China's new flu-like virus supported the safe-haven metal. *European Central Bank President Christine Lagarde is set to launch a broad review of its policy on Thursday that is likely to see her redefine the ECB's main goal and how to achieve it. *On the Brexit front, Britain moved a step...

  • WASHINGTON, Jan 22- The European Union is as strong economically as the United States, and will respond to any additional U.S. tariffs with duties of its own on U.S. products, Germany's ambassador to the United States, Emily Haber, said on Wednesday. Washington and Brussels remain embroiled in difficult negotiations over a host of trade issues ranging from...

  • DAVOS, Switzerland, Jan 22- U.S. President Donald Trump on Wednesday threatened to impose high tariffs on imports of cars from the European Union if the bloc doesn't agree to a trade deal. But I said,' look, if we don't get something, I'm going to have to take action' and the action will be very high tariffs on their cars and on other things that come into our country, "Trump...

  • BERLIN, Jan 22- Britain's impending decision on whether to allow Huawei to supply equipment for 5 G mobile networks comes at a delicate time, with debate raging in European capitals over the security implications of reliance on Chinese technology. In Germany, Chancellor Angela Merkel's preference for applying the same rules to all equipment vendors faces...

  • BRUSSELS, Jan 21- Talks between France and the United States on taxing digital companies "remained difficult", French Finance Minister Bruno Le Maire said on Tuesday, despite a pledge by the two countries to avoid a trade war until at least the end of this year. Le Maire said France's target was still to impose a minimum tax rate on companies that at the moment pay no...

  • BRUSSELS, Jan 20- The EU's proposal for a temporary ban on facial-recognition technology won backing from Alphabet Chief Executive Sundar Pichai on Monday but got a cool response from Microsoft President Brad Smith. While Pichai cited the possibility that the technology could be used for nefarious purposes as a reason for a moratorium, Smith said a ban was...

  • BRUSSELS/ LONDON, Jan 20- The battle lines between Britain and the European Union are taking shape on farming, fish, state aid, banking and a host of other issues ahead of the launch of negotiations for a free trade deal in March. Britain will leave the EU on Jan. 31 and begin a no-change transition period that runs until the end of 2020, during which it will seek to...

  • BRUSSELS, Jan 20- The chief executive of Google parent company Alphabet on Monday backed an EU proposal to temporarily ban facial-recognition technology because of the possibility that it could be used for nefarious purposes. "I think it is important that governments and regulations tackle it sooner rather than later and gives a framework for it," Sundar...

  • BRUSSELS, Jan 20- Belgium's labour authority launched the first stage of a court case against British food delivery group Deliveroo on Monday, challenging working conditions for the firm's 3,500 riders in Brussels. The authority, a division of Belgium's Ministry of Labour, filed the case over the legal status of Deliveroo's riders after an 18- month...

  • BRUSSELS, Jan 20- Belgium's labor authority launched the first stage of a court case against British food delivery group Deliveroo on Monday, challenging working conditions for the firm's 3,500 riders in Brussels. The authority, a division of Belgium's Ministry of Labour, filed the case over the legal status of Deliveroo's riders after an 18- month...

  • BRUSSELS, Jan 20- Sundar Pichai, the CEO of Google-owner Alphabet, urged regulators on Monday to take a "proportionate approach" when drafting rules for artificial intelligence, days before the European Commission is due to publish proposals on the issue. This is especially true in areas that are high risk and high value, "he said in prepared remarks for a...

  • *France seeks to be at forefront of tech regulation. PARIS, Jan 17- Facebook's $22 billion buyout of WhatsApp six years ago should have been blocked, the boss of France's antitrust watchdog, which is set to help review EU rules, has told Reuters. With a new European Commission in place, antitrust authorities in Brussels are preparing for an in-depth review of EU...

  • WASHINGTON, Jan 16- European Union trade commissioner Phil Hogan said his meeting with senior U.S. officials marked a "good start" to resetting trade ties with Washington, but there was more work to do. Hogan told reporters he had a good exchange of views with U.S. Trade Representative Robert Lighthizer several times during his visit, and underscored Brussels'...

  • BEIJING, Jan 16- China's Belt and Road investment scheme, which aims to connect Europe with Asia, is sidelining European companies and Brussels should review its competition law to level the playing field, a business lobby group said on Thursday. Opaque procurement processes and the dominance of giant state-owned Chinese companies mean European companies...

  • BEIJING, Jan 16- China's Belt and Road Initiative, an investment plan aiming to connect Europe with Asia, is sidelining European companies and Brussels should review its competition law to level the playing field, a business lobby said on Thursday. Opaque procurement processes and the dominance of giant state-owned Chinese companies mean European companies...

  • *Details of UK support for Flybe have not been made public. LONDON, Jan 15- The British government defended a rescue deal for privately owned regional airline Flybe, after the owner of rival British Airways filed a complaint with European Union regulators on Wednesday calling it a "blatant misuse of public funds". Flybe was kept afloat on Tuesday after its...

  • *Details of UK support for Flybe have not been made public. LONDON, Jan 15- British Airways owner IAG has filed a complaint with the European Union about UK government support for regional airline Flybe, after a rescue deal that IAG boss Willie Walsh called a "a blatant misuse of public funds". IAG, whose airlines also include Iberia, Aer Lingus and Vueling, asked the...

  • The LSE said there are no plans for the new Amsterdam offshoot of its Turquoise pan-European platform to start up next month, while Aquis, which set up a hub in Paris, said trading in euro shares would continue in London for now. The LSE, Aquis and Cboe Europe, the region's biggest cross-border share trading platform, created EU hubs in case their London operations...

  • COPENHAGEN, Jan 15- Strict EU enforcement of competition rules prevents the development of the global champions necessary to compete with Chinese and U.S. companies, the head of shipping company Maersk warned in an interview. In doing so, we risk being outperformed by a Chinese company, over which the European Union has no influence, "Maersk CEO Soren Skou told...