Retailers in the U.K. had a poor showing during the holiday shopping season; The Financial Times reported that despite steep price cuts, retail sales had their worst performance since December of 2008. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
France, which had vowed to start taxing Google, Apple, Facebook, and Amazon in December if the European Union failed to agree on a digital tax, now says the tax will be implemented on January 1. Get the Full Story Complete the form to unlock this...
U.K. retailers are warning of a bad holiday shopping season. Mike Ashley, head of the Sports Direct chain, warned that the situation is dire, with lackluster sales unexpected for many retailers. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
France’s major banks have agreed to freeze the fees they charge next year in an effort to stop “yellow vest” protests that have recently hit central Paris. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
As the Riksbank seeks to adapt to a society that is turning to cashless payment methods, the Swedish central bank is considering issuing a digital currency. While the bank explained a concept of an “e-krona” in a report last year, it said on Friday (Oct. 26)...
The European Commission announced Wednesday (October 10) that it plans to provide European Union states with guidelines for handling national schemes to sell passports and residency permits to wealthy foreigners. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Following a complaint from Citizens Advice, Britain’s competition regulator might investigate financial service and telecom companies. The group had contended that consumers were being “ripped off” if they didn’t switch providers, Reuters reported. Get the Full Story Complete the form to unlock this article and...
With cash use still popular in Europe, and the technology behind digital money remaining fragile, the European Central Bank (ECB) doesn’t intend to create a digital currency. Even so, the spread of cryptocurrencies have brought the idea of central banks issuing digital money to light,...
Following scandals at European lenders, the European Central Bank (ECB) wants the European Union (EU) to step up enforcement of anti-money laundering (AML) rules. To that end, the bank recommends that the bloc make a “single agency” for the task as the ideal solution, the Financial...
