Fear and employment during the COVID-19 pandemic: Evidence from search behavior in the EU
The COVID-19 pandemic and ensuing Great Lockdown came with an unseen level of economic uncertainty. This column uses Google search data to document the substantial increase in people’s economic anxiety and the coinciding slowdown in European labour markets in the months following the outbreak.
Google to fight EU antitrust fine at court hearing from Sept. 27 – sources
Alphabet (GOOGL.O) unit Google will seek to overturn a record 4.34-billion-euro ($5.15 billion) EU antitrust fine at a five-day hearing in September at Europe’s second-highest court, people familiar with the matter said.
Yellen urges EU to back global tax deal, consider more fiscal support
BRUSSELS, July 12 (Reuters) – U.S. Treasury Secretary Janet Yellen urged European Union countries on Monday to sign on to a global deal to revamp corporate taxation, keep fiscal support through 2022 and consider more spending in the face of COVID-19 uncertainty. “We need sustainable sources of revenue that do not rely on further taxing […]
After U.S. push, EU pauses tax plan, but Ireland sticks to its guns
The European Union has agreed to delay a corporate tax plan for the bloc following pressure from the U.S. administration and in a bid to facilitate a broader global tax deal, but EU member Ireland reiterated its criticisms of the wider reform.
EU leaders to debate who will pay for the green transition
The EU’s executive Commission is due to publish a huge set of climate policy proposals in July, including carbon market reforms and tougher carbon dioxide standards for cars. All will need approval from its 27 member states.
EU watchdog signals long journey for banks to become “green”
A sense of urgency is needed to plug data gaps in how banks in the European Union disclose their green credentials, the bloc’s banking watchdog said on Friday. The European Banking Authority in March set out how banks would have to publish a groundbreaking “green asset ratio” or GAR as a core measure of how […]
Amazon wins court fight against $303 mln EU tax order
Amazon (AMZN.O) on Wednesday won its fight against an EU order to pay about 250 million euros ($303 million) in back taxes to Luxembourg as Europe’s second highest court dealt a blow to the bloc’s efforts to make multinational corporations pay more tax.
EU asks AstraZeneca to deliver 120 million vaccines by end of June
The European Union wants AstraZeneca to deliver at least 120 million doses of its COVID-19 vaccine by the end of June, a lawyer representing the EU said on Tuesday at the opening of a legal case against the company over delayed supplies. The lawyer was speaking in a Belgian court as proceedings in the second […]
EU split on vaccine waiver idea, unlikely to take clear stance
European Union leaders are divided over whether to follow Washington in supporting a waiver of patent rights to COVID-19 vaccines, as many argue this would take years and not address the immediate issue of making more shots to end the pandemic. Leaders of the 27-nation bloc will discuss the patent waiver idea at a two-day […]
Oil rises on U.S., Europe demand growth optimism
Oil prices rose on Tuesday after more U.S. states eased lockdowns and the European Union sought to attract travellers, helping to offset concerns over fuel demand in India as COVID-19 cases soar. Brent crude futures were $1.30, or 1.92%, higher at $68.86 a barrel at 0943 GMT, after climbing 1.2% on Monday. U.S. West Texas […]
