The United States and European Union (EU)will pursue more robust cooperation efforts to secure their interests against Chinese aggression in the Indo-Pacific, officials said Friday. The remarks followed the second EU-U.S. joint dialogue on China and the Indo-Pacific, which took place throughout the first week of December. Officials said that they would further collaborate on issues…
US, EU to Deepen Ties Countering ‘Growing List’ of Beijing’s Concerning Behaviors
December 3, 2021
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The United States and European Union (EU) discussed a “growing list” of Beijing’s concerning behaviors during a new round of diplomatic talks on China. The two sides reiterated the importance of a joint effort to uphold international rules and shared values, while pledging “continuous and close contacts,” according to a joint press release of both…
ECB Likely to Avoid a Long-Term Commitment in December: Lagarde
December 3, 2021
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FRANKFURT—The European Central Bank may set policy for a relatively short period at this month’s meeting given heightened uncertainty but should not delay a decision as markets need direction, ECB President Christine Lagarde told Reuters on Friday. Conservative policymakers have called on the ECB to avoid long-term commitments at the Dec. 16 gathering given recent…
Facebook Could Be Sued by Consumer Groups, EU Court Adviser Says
December 2, 2021
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BRUSSELS—Facebook could be sued by consumer groups for privacy violations, an adviser to Europe’s top court said on Thursday, in a German online gaming case that could pave the way for similar action across the EU. The case started in 2012 and is one of several privacy and antitrust headaches facing Facebook in Europe, where…
EU Fines HSBC, Credit Suisse, Others Over ‘Sterling Lads’ Forex Cartel
BRUSSELS—EU antitrust regulators on Thursday fined Barclays, Credit Suisse, HSBC, and NatWest 344 million euros ($390 million) for foreign exchange market rigging, closing a key chapter in a high-profile investigation. UBS avoided a 94 million euro fine by alerting the European Commission to the cartel, which was set up via a chatroom known as “Sterling…
EU Seeks to Forge New Global Trade Rules With US
December 1, 2021
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BRUSSELS—The European Union has experienced a “breakthrough year” with the United States even if not all trade irritants are gone and now wants to work with its transatlantic ally to start forging trade rules for the future, the EU trade chief said. “One can say that this year was indeed a breakthrough year for EU–U.S….
Russian Aggression Against Ukraine Should Lead to EU Sanctions: Merkel
BERLIN—The European Union must be prepared to enact more sanctions against Russia if the situation in and around eastern Ukraine or on the Belarus-Poland border escalates, German Chancellor Angela Merkel said on Thursday. Speaking at a joint news conference in Berlin with her Polish counterpart Mateusz Morawiecki, the outgoing Chancellor said the EU had to…
EU Sees ‘Decisive Moment’ for Building Single Capital Market
November 25, 2021
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LONDON—The European Union set out its third wave of reforms in six years on Thursday to try to build a seamless securities market that can compete better with London and New York, a step that will pit stock exchanges against rival platforms. The EU project to create a capital markets union (CMU) suffered a blow…
Taiwan Looking at Chip Cooperation With Eastern European Nations
November 25, 2021
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TAIPEI—Taiwan is looking at cooperating with three Eastern European countries on semiconductors, a minister said on Thursday, a move likely to find favour in Brussels which has been courting Taiwanese semiconductor firms to manufacture in the bloc. Tech powerhouse Taiwan, home to companies such as Taiwan Semiconductor Manufacturing Co. Ltd (TSMC), has become front and…
The EU Is Bitterly Divided: China Is Exploiting This Fact
Commentary A house divided against itself, in the words of Abraham Lincoln, cannot stand. Let’s apply Lincoln’s warning to the European Union. Its member states are very much divided. If the EU is a family, then it’s a highly dysfunctional one. Because of this dysfunctionality, numerous problems exist. Perhaps the biggest problem of all involves the Chinese Communist Party…
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