BRUSSELS—Passengers in Europe are entitled to compensation not only if their flights are delayed but also if they are brought forward by more than an hour, the European Union’s top court ruled on Tuesday. Under EU rules, passengers can claim damages if their flights are canceled less than 14 days before departure or arrive more…
Microsoft’s $16 Billion Nuance Bid Gets EU Antitrust Approval
BRUSSELS—The European Commission on Tuesday granted Microsoft unconditional antitrust approval for its $16 billion bid for artificial intelligence and speech technology company Nuance Communications. The deal is Microsoft’s second biggest after its $26.2 billion LinkedIn purchase in 2016, and would boost its presence in cloud services for healthcare. It has already regulatory approval in the…
London Banking Job Exodus to EU Slows Despite Brexit
LONDON—The number of finance jobs shifting from Britain to the European Union due to Brexit is less than initially expected despite billions of euros in share trading moving to the bloc and London losing most of its access to EU capital markets, consultants EY said on Monday. After Britain voted in 2016 to exit the…
EU Lays out Plan Giving Rights to Uber, Deliveroo Drivers
BRUSSELS—The European Commission announced draft rules on Thursday to give many workers such as couriers for online platform companies including Uber and Deliveroo employee benefits, a move which labour unions say is overdue but some companies argue will lead to job losses. The proposal, a global first that needs to be thrashed out with EU…
EU to Draft Texts on Global Corporate Minimum Tax Deal by Spring: Macron
PARIS—The European Union will draft texts by spring 2022 on the implementation of a global minimum corporate tax deal brokered this year, French President Emmanuel Macron said on Thursday. France assumes the rotating presidency of the European Council on Jan. 1. By Richard Lough and Kirsten Donovan
EU Renews Sanctions Against Human Rights Abusers, Including 4 Chinese Officials
The council of the European Union has declared it will extend its global sanctions against officials and entities responsible for serious human rights abuses by one year, while emphasizing the importance of supporting human rights. On Dec. 6, four days ahead of Human Rights Day, the council announced it would continue to penalize violators of…
US and EU Reject China Trade
December 8, 2021
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News Analysis China’s trade patterns seem set to shift in the next few years. The United States and the Europe Union have made agreements that will surely advance their decoupling from China. Meanwhile, agreements in Asia seem ready to increase trade flows between South Korea, Japan, and China and do so substantively, if not immediately….
Food Delivery Shares Rise Ahead of EU Draft Rules on Gig Workers
AMSTERDAM—Shares in ride-sharing and food delivery companies rebounded on Tuesday, ahead of an European Commission proposal expected Dec. 9 that will define when couriers should be considered employees and when they should be considered independent contractors. The Financial Times on Tuesday reported that the proposal, under development for years, will as expected put the burden…
COVID-19 Vaccine Mandates Should Be ‘Absolute Last Resort’: WHO
Imposing COVID-19 vaccine mandates should be an “absolute last resort,” the World Health Organization’s top Europe official said on Tuesday, as a growing number of countries in Europe contemplate rolling out such measures. “Mandates around vaccination are an absolute last resort and only applicable when all feasible options to improve vaccination uptake have been exhausted,”…
Tesla Did Not Want to Wait on EU Aid: German Economy Minister
December 6, 2021
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BERLIN—Tesla did not want to wait for European authorities to make a decision on state funding for its planned battery factory before going ahead with the construction of its site in Germany, outgoing German Economy Minister Peter Altmaier told reporters in Berlin on Monday. As a foreign company, Tesla would have been eligible for state…
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