In a statement U.S. Trade Representative Katherine Tai said, she plans on continuing to maintain threat of U.S. tariffs on goods from Britain, India, Austria, Spain, Italy and Turkey in retaliation to their digital services taxes. She went on to… Read More ›
Spain
Cross border traffic main irritant in UK-Spain negotiations: Spanish Foreign Minister Arancha Gonzalez Laya
On Tuesday, in a statement Spanish Foreign Minister Arancha Gonzalez Laya said, the main burr that needs ironing out in negotiations between Britain and Spain is Gibraltar’s post-Brexit status. London and Madrid are negotiating how to police the land border… Read More ›
Slovakia, Hungary start vaccinating against COVID-19
Slovakia has started vaccinating its population against the coronavirus-induced COVID-19 disease on Saturday, following a joined coordinated push by the European Union against the global pandemic. Vladimir Krcmery, a member of the government’s Pandemic Commission, was the first person in… Read More ›
Avangrid acquires U.S. utility PNM Resources for $4.3 billion
On Wednesday, the U.S. unit of Iberdrola, a Spanish renewable energy group said, it has agreed to acquire U.S. utility PNM Resources for nearly $4.3 billion, In a regulatory filing Avangrid said, PNM’s board has unanimously approved the cash offer to its… Read More ›
Vodafone bumps earning guidance after organic growth in second quarter
Vodafone increased its 12-months earnings guidance, following improved organic growth in two of its most challenging markets such as Spain and Italy. The world’s second largest mobile operator reported an organic growth of 0.3% in its service revenue in the… Read More ›
U.S. escalates trade row with the EU: imposes 25% tariffs on alcohol products, Italian cheese, etc
These new tariffs are likely to significantly impact numerous U.S. small and medium sized family businesses which import these European goods into the United States. In a significant development that sees a further escalation of the U.S.-EU trade war, the… Read More ›
Bayer hires law firm Sidley Austin for investigating pan-Europe influence scheme by Monsanto
Bayer has its hands full due to U.S. class-action lawsuits revolving around Monsanto’s Roundup weed killer which has glyphosate which causes cancer. In a statement, Bayer AG said it has hired Sidley Austin, a law firm to investigate a Europe-wide… Read More ›
Amazon.com’s Polish workers demand doubling of their salaries
Amazon.com is facing a labor issue which could ultimately lead to a strike. Trade unions have given Amazon 7 days to come up with workable solution. On Thursday, in a development that marks the latest labor dispute at the world’s… Read More ›
EU’s securities and markets watchdog imposes $5.78M fine on Fitch
20% of Fitch subsidiaries in France, Britain, and Spain had been affected by the conflict of interest. On Thursday, the European Union’s markets watchdog, the European Securities and Markets Authority (ESMA), has fined credit rating agency Fitch a record $5.78… Read More ›
A no-Brexit deal will force Airbus to reconsider its presence in the U.K
Airbus sources wings for all of its commercial aircrafts from the UK. In the short term, a no-Brexit deal will impact its lead times and waiting lists for deliveries. In what is likely to be one of Airbus’ strongest warning… Read More ›