News That Matters

Tag: Europe

Europe looks to remold internet with new copyright rules

Europe looks to remold internet with new copyright rules

Technology
The European Union has approved a copyright rule that aims to give more protection to artists and news organizations but which critics say will stifle freedom of speech and online creativity and punish smaller web companies. Artists, celebrities and tech experts have spoken out both in favor and against the EU directive, which the 28 member states are required to adopt as law and got final approval from the European Council Monday. Here's a look at key issues. ——— WHAT DOES THE DIRECTIVE SAY? The most vigorously debated part of the legislation is a section that makes companies responsible for making sure that copyrighted material isn't uploaded to their platforms without permission from the original creator. It puts the legal onus on platforms to prevent copyright infringement but
Europe stocks slide amid growing recession worries; LVMH shares fluctuate after 'fat finger' trade

Europe stocks slide amid growing recession worries; LVMH shares fluctuate after 'fat finger' trade

Finance
European shares were lower on Monday morning, amid rising fears of an impending recession in the U.S. The pan-European Stoxx 600 began the session around 0.6 percent lower, with most sectors and major bourses in the red. France's CAC index was the worst performer in early deals, falling 1 percent. Market jitters have grown recently over increasing signs of slowing economic growth and a possible recession. German manufacturing contracted for the third month in a row, IHS Markit data showed Friday, dragging the yield on the 10-year bond into negative territory for the first time since October 2016. ...
U.S. deploys B-52s to Europe for training mission

U.S. deploys B-52s to Europe for training mission

Business
March 19 (UPI) -- The U.S. Air Force deployed six B-52 bombers to Europe last week for training flights over the continent. In an announcement Monday, the Air Force said the aircraft were conducting a training mission that's part of a coordinated effort across U.S. European Command, U.S. Indo-Pacific Command and U.S. Strategic Command. The deployment of the aircraft also included more than 450 airmen who first arrived at Royal Air Force base Fairford in Great Britain, NATO said in a news release last week. The U.S. has made similar deployments of its strategic bombers to Europe at least once annually since 2014, NATO said. "This is a routine deployment, but it shows that the U.S. nuclear umbrella protects Europe and demonstrates the unique capabilities the U.S. could bring to Europe in a...
Banks in Europe struggle to find talent with US rivals paying top dollar

Banks in Europe struggle to find talent with US rivals paying top dollar

Finance
European banks are finding it hard to recruit the right people due to new regulations and intense competition from some of their U.S. peers, industry insiders have told CNBC. "It is a vicious circle, isn't it?" said a senior executive at a European bank told CNBC who preferred to remain anonymous due to the sensitive nature of the topic. "You want to hire the right talent because you can see the business is suffering, but you don't get approvals for the headcount and when you finally do, you aren't able to match the salaries," they told CNBC. Pay in t...
Army preps troop, equipment rotation in Europe for Atlantic Resolve

Army preps troop, equipment rotation in Europe for Atlantic Resolve

Business
Jan. 25 (UPI) -- U.S. Army Europe announced rotations of its armored and aviation units, with equipment to arrive in Europe within two weeks. The command, headquartered in Wiesbaden, Germany, said in a statement that armored equipment of the 1st Armored Brigade, 1st Infantry Division, stationed at Fort Riley, Kansas, will arrive at the port of Antwerp, Belgium. About 400 vehicles will then travel in a convoy through Belgium, Germany and Poland for four days. The equipment includes track vehicles, which will move by rail. The maneuvers will be followed by the arrival of planes and equipment of the 1st Combat Aviation Brigade, 1st Infantry Division, also from Fort Riley, Kansas. The equipment and aircraft will arrive at Zeebrugge, Belgium, on Jan. 29, and then move to designated locations i...