EU starts debate on budget rules
The European Commission opened a debate on how to reform the European Union’s fiscal rules. So that they can deal with a pandemic-induced surge in public debt and with the huge investment needed to fight climate change. European Economic Commissioner Paolo Gentiloni said that they are re-launching this review of their economic governance against a […]
UK seeks to help listed firms raise more money on stock market
Britain has launched a review into speeding up how listed companies can raise funds on stock markets. This is its latest move to keep London at the forefront of global financial centres after Brexit. Britain’s markets raised 30 billion pounds in new equity. This is as the companies sought to shore up their finances during the […]
Green investments to be part of EU budget rules review
European Commission Vice President Valdis Dombrovskis said that the possibility of exempting green investments from EU deficit calculations will form part of discussions when EU budget rules are revised. The idea to exempt investments that would help prevent climate change is to support the bloc’s ambition to cut net CO2 emissions to zero by 2050. […]
AerCap to win unconditional EU okay for $30 BLN GE deal
Irish aircraft leasing company AerCap is set to secure unconditional EU antitrust approval for its $30 billion bid for General Electric’s aircraft leasing business. The deal between the world’s two largest aircraft leasing companies would create a new financing giant and the largest buyer of airliners built by Airbus and Boeing. The deal will reshape […]
EU bodies use of Amazon, Microsoft cloud services faces privacy probes
The European Commission and European Parliament’s use of cloud computing services provided by Amazon and Microsoft has prompted two EU privacy investigations over concerns about the transfer of personal data to the United States. After revelations in 2013 by former U.S. intelligence contractor Edward Snowden of mass U.S. surveillance, the data privacy came under scrutiny. […]