LONDON—Top banks in Europe continue to use tax havens to book chunks of profits, a trend that has changed little since 2014 despite country-by-country disclosures becoming mandatory, the EU Tax Observatory said in a report on Monday. The independent research body, co-financed by the European Union, said disclosures from 36 major European banks showed they…
Reports of Rare Body Inflammation After COVID-19 Vaccinations Being Investigated by EU Watchdog
The European Union’s drug regulator said it is reviewing the risk of a body inflammation condition in connection to the Pfizer-BioNTech COVID-19 vaccine. The European Medicines Agency’s safety panel is looking into a report of a 17-year-old male teen from Denmark having developed Multisystem Inflammatory Syndrome (MIS). The teen has fully recovered, the agency said, adding the…
European Stocks Slip Ahead of PMI, U.S. Jobs Data
European stocks slipped on Friday ahead of U.S. employment data that could influence the Federal Reserve’s policy outlook, while fresh concerns about slowing Chinese growth dented the mood. The pan-European STOXX 600 index was down 0.2 percent by 0723 GMT but on track for small weekly gains. Rate-sensitive banks and financial services were among the…
European Stocks Slip Ahead of PMI, US Jobs Data
September 3, 2021
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European stocks slipped on Friday ahead of U.S. employment data that could influence the Federal Reserve’s policy outlook, while fresh concerns about slowing Chinese growth dented the mood. The pan-European STOXX 600 index was down 0.2 percent by 0723 GMT but on track for small weekly gains. Rate-sensitive banks and financial services were among the…
Double Olympic Champion Jacobs Shrugs Off Doping Suspicions
Italy’s double Olympic champion Lamont Marcell Jacobs has insisted he is not bothered by suspicions of doping raised by the media, and that hard work is to thank for his record-breaking exploits in Tokyo. Jacobs became the first Italian to win 100 meters gold, setting a European record time of 9.80 seconds in the final,…
Rescuers Pull 394 Migrants From Dangerously Overcrowded Boat Off Tunisia
August 2, 2021
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ABOARD SEA-WATCH 3, Mediterranean—Two humanitarian rescue ships pulled 394 migrants from a dangerously overcrowded wooden boat in the Mediterranean overnight on Sunday in an operation lasting about six hours, a Reuters witness said. Sea-Watch 3, a vessel run by German NGO Sea Watch, and Ocean Viking, run by European charity SOS Mediterranee, rescued the migrants…
Most European Troops Exit Afghanistan Quietly After 20 Years
BERLIN—Most European troops have already pulled out of Afghanistan, quietly withdrawing months before the U.S.-led mission was officially expected to end—part of an anticlimactic close to the “forever war” that risks leaving the country on the brink of civil war. Germany and Italy declared their missions in Afghanistan over on Wednesday and Poland’s last troops…
European Airlines Cancel Tel Aviv Flights Amid Escalating Conflict
LONDON—British Airways, Virgin Atlantic, and Iberia all canceled flights to Tel Aviv as European carriers joined U.S. airlines in avoiding flying to Israel amid an escalating conflict there. “The safety and security of our colleagues and customers is always our top priority, and we continue to monitor the situation closely,” British Airways said after canceling…
Intel Seeks $10 Billion in Subsidies for European Chip Plant
BRUSSELS/BERLIN—Intel wants 8 billion euros ($9.7 billion) in public subsidies towards building a semiconductor factory in Europe, its CEO was cited as saying on Friday, as the region seeks to reduce its reliance on imports amid a shortage of supplies. The pitch is the first time Pat Gelsinger has publicly put a figure on how…
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