Euro zone sentiment hits three year high, inflation expectations jump
The data showed that the Economic sentiment improved by more than expected to a three-year high in May. This is due to the strongest gains in services, retail and among consumers as governments eased pandemic restrictions. The European Commission’s economic sentiment index rose to 114.5 points in May from 110.5 in April. This is highest […]
Euro zone inflation accelerates in April on energy, services
The European Union’s statistics office Eurostat said that the Euro zone inflation accelerated as expected in April. This is because of a sharp rise in the costs of energy and services. The consumer prices in the 19 countries sharing the euro rose 0.6% month-on-month for a 1.6% year-on-year increase, up from 1.3% year-on-year in March said […]
Yet another EU threat, says UK PM’s Spokesman over French financial services move
Boris Johnson, a spokesman for Prime Minister said that the bloc issuing threats at any sign of difficulty. A good example for this is a French move to delay a European Union financial services deal with Britain over fishing access. Until Johnson grants EU fishermen fair access to British waters, Paris has said it will […]
Amazon wins court fight against $303 million EU tax order
As Europe’s second highest court dealt a blow to the bloc’s efforts to make multinational corporations pay more tax, amazon has won its fight against an EU order to pay about 250 million euros ($303 million) in back taxes to Luxembourg. Amazon had not enjoyed a selective advantage in its tax deal with the Grand […]
French watchdog expects Britain to diverge from EU on financial rules
French markets watchdog AMF expects Britain to take advantage of Brexit to diverge from European Union financial rules. This is in an effort to make the City of London more attractive to investors. Brussels has yet to decide on how much direct access it will grant Britain in financial services. And so, the City has […]
Microsoft to allow EU customers to process, store data in the region
The commercial and public sector customers in the European Union are going to be allowed to process and store all of their data in the region by the Microsoft Corp. this is the result of the growing demand from some clients. The implementation of all engineering work needed to execute the plan, will be completed […]