Category: Europe
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Europe faces a summer of diaper and tampon shortages as new EU deforestation laws threaten to disrupt the $3.5 billion industry
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U.S. papermakers have warned the European Union that a new law requiring them to trace wood to its origins threatens to disrupt $3.5 billion in trade and raise prices for diapers, sanitary pads and other hygiene products. It would be impossible to comply with the suspension. EU Deforestation Regulation Because…
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Wages in the U.K. are growing twice as fast as Europe and the U.S. thanks to one simple policy
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The new Labour government in the UK has emerged from its landslide election victory promising to return the country to its economic highs. The latest evidence of workers’ wage growth will provide a good platform for the government to deliver on that promise. Wages rose by 7% in the UK…
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Apple okays Epic Games marketplace app in Europe By Reuters
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Written by Jaspreet Singh and Fu Yun Che Apple Inc said on Friday it had approved the Epic Games Store app for iPhones and iPads in Europe, after the Fortnite maker escalated its dispute with the tech giant, accusing it of obstructing its efforts to create a game store on…
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PMI data to highlight the agenda in Europe today
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The US dollar is still doing well on the week, but the majors aren’t really doing much. Only the Japanese yen is seen mostly weak, with USD/JPY currently at 161.60. The pair is up 0.5% on the week so far and is on track for a fourth straight weekly gain.…
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A WFH ‘culture war’ has broken out across Europe, with the U.K. leading the charge as the most WFH-friendly country, while France lags behind
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Sometime between March 2020 and the end of 2021, “office workers” ceased to exist. Offices Working from home wasn’t possible, of course, nor was it the kind of work people typically did in offices before the pandemic. But the inherent connection between the two was irrevocably severed, with working from…
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Private credit boom drives Sixth Street hiring spree in Europe By Reuters
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Written by Sinead Cruz and Tommy Reggiore Wilkes LONDON (Reuters) – Sixth Street is embarking on the biggest European recruitment drive in its 15-year history, taking up a new regional headquarters in London’s Mayfair and adding up to 20 staff this year to focus on private credit and real estate.…
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In race to regain rare earth glory, Europe falls short on mineral goals By Reuters
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Written by Eric Onstad LONDON (Reuters) – Four decades ago, a rare earths processing plant on France’s Atlantic coast was one of the world’s largest, producing materials used to make colour televisions, arc lights and camera lenses. Its current owner Solvay (EBR:) is racing against time to restore its La…
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Could Uphold’s Tether Delisting Signal Trouble for USDT in Europe?
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Popular New York-based cryptocurrency exchange Uphold has announced the delisting of six stablecoins in response to the EU’s upcoming MiCA regulation, including Tether (USDT) — the largest of the group. This decision is in line with the Markets in Cryptoassets (MiCA) regulation, which comes into full effect on June 30,…
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Could Uphold’s Tether Delisting Signal Trouble for USDT in Europe?
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Popular New York-based cryptocurrency exchange Uphold has announced the delisting of six stablecoins in response to the EU’s upcoming MiCA regulation, including Tether (USDT) — the largest of the group. This decision is in line with the Markets in Cryptoassets (MiCA) regulation, which comes into full effect on June 30,…
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PMIs back on the agenda in Europe today
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The dollar continues to remain somewhat resilient during the week, with major currencies not showing much appetite. USD/JPY remains outstanding, with the pair rising to 159.00 – its highest level since Japan’s intervention on April 29. There is nothing stopping traders from dancing to the beat there. In other markets,…
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Some light releases in Europe as the spotlight turns to US retail sales data later today
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The major currencies saw little changes during the day, with the dollar starting the week with a more mixed performance yesterday. The euro remained steady as political problems eased slightly. But these risks still persist and may come back to affect the single currency, with a focus on the early…
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FedEx to cut up to 2,000 back-office jobs in Europe amid weak freight demand By Reuters
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Written by Ananta Agarwal (Reuters) – FedEx plans to cut between 1,700 and 2,000 back-office jobs in Europe, in its latest cost-cutting effort as the package delivery giant faces a decline in demand for shipping. FedEx (NYSE:) said the cuts will extend over 18 months and will result in a…
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Interactive Brokers Boosts Offerings with Cboe Europe Derivatives
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Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24…
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Mastercard to Replace Card Numbers with Token-Based Payments across Europe by 2030
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Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24…
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OANDA’s Europe CFO Steps Down after 10 Years
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After a decade at Oanda TMS Brokers, Jakub Zagorski has announced his return to the automotive sector. In a post shared on LinkedIn, Zagorski expressed his excitement at joining Flex to Go Group, a car rental company. Shifting from finance to the automobile industry “I also thank all the colleagues…
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Meet Finance Magnates’ Team at Money20/20 Europe Next Week!
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The Finance Magnates group will attend the upcoming Money20/20 Europe conference, which will be held in Amsterdam from June 4-6. Money20/20 has emerged as one of the major events of the year in the global fintech ecosystem. It will bring together some of the most innovative ideas and companies, showcasing…
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Europe Election Will Show What Voters Really Think of Green Deal
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Breadcrumb links PMN works The upcoming parliamentary elections will show how the world’s most ambitious climate plan affects voters five years after its launch. Article writer: Bloomberg News Ewa Krukowska, Sami Adgerne, and Petra Sorg Published on June 1, 2024 • 6 minute read You can save this article by…
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Mastercard Rolls Out Crypto Credential Service in Europe and Latin America.
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Global payment giant Mastercard has launched its peer-to-peer cryptocurrency credentials pilot program to simplify how users send and receive digital currencies. The new service is available in more than ten countries in Europe and Latin America. By introducing the Mastercard Crypto Credential, the company aims to simplify and secure cryptocurrency…
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Russia-linked cyber attacks on Europe have doubled since 2023, top EU cybersecurity official says
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Destroyer Digital attacksThe number of such attacks, many of which have been traced to Russian-backed groups, has doubled in the European Union in recent months, and are also targeting election-related services, according to the EU’s top cybersecurity official. Geopolitically motivated attacks have risen steadily since then, Johan Lepassar, head of…