Brexit talks: 2nd round fails to bring the EU and the UK closer on key issues

Michel Barnier, the EU’s Chief Negotiator and David Davis, British Secretary of State for Exiting the European Union, hold a joint press conference at the end of the second round of Brexit negotiations. (Copyright European Union / Source: EC – Audiovisual Service) After millions of words that have been said over the matter, last week, […]

EU and Japan agree on free-trade deal and fill the post-TPP void

Jean-Claude Juncker, President of the EC, Donald Tusk, President of the European Council and Shinzō Abe, Japanese Prime Minister at the EU-Japan Summit (Brussels, July 6, 2017). Copyright: European Union; Source: EC – Audiovisual Service; Photo: Etienne Ansotte Last week, right before the kick-off of the Hamburg G20 Summit, the European Union and Japan announced […]

Japanese banks to move their European HQ from London to Frankfurt after Brexit

One year after the UK has decided to quit the EU, the first effects of the “leave” vote on the financial sector are becoming visible. Japanese brokerage giants Nomura and Daiwa Securities Group have decided to pick Frankfurt as their new base for European operations, and will soon begin relocating staff from London to Germany. […]

EU unveils plan to accelerate Capital Markets Union ahead of London’s departure from the bloc

Skyline of the City of London, Europe’s largest financial centre. (Source: EC – Audiovisual Service / Photo: Jack Taylor) Last week the European Commission unveiled it is taking further steps to develop the Capital Markets Union, a plan to support growth and investment in the Old Continent. The project, which aims at creating a single […]

The US may be “open” to reviving TTIP, while the EU designs the future of trade with China

After months of silence and no progress since the negotiations were officially put on hold, last week the TTIP reappeared on the main pages of the international press. According to US Commerce Secretary Wilbur Ross the Transatlantic Trade and Investment Partnership indeed would not be dead as of yet, and the US would be “open” […]

EU Council approves visa-free travel for Ukraine and cement ties with Kiev

Last week the Council of the European Union finally adopted a regulation granting visa-free travel for Ukrainian citizens. Thanks to the formal adoption by the bloc, Ukrainian holders of a biometric passport can travel to an EU country for up to 90 days out of any 180-day period for business, tourism or family purposes. And, […]

EU and Amazon cut deal to end antitrust investigation over e-books deals

Last week the European Commission has communicated its decision to formally accept commitments by US tech giant Amazon to end an EU antitrust investigation over contracts with e-book publishers. The Seattle-based company has proposed to drop some clauses in its contracts that required publishers to inform about terms offered to the company’s competitors and to […]

EU27 leaders unite on Brexit Guidelines ahead of “tough negotiations” with Theresa May

Last Saturday, the leaders of the European Union met for the first time after UK’s Prime Minister Theresa May triggered Article 50 of the Lisbon Treaty, officially opening the Brexit process, and Britain was not invited. The purpose of the EU27 special summit was indeed to discuss guidelines for divorce negotiations with the UK ahead […]

EU and UK soon to be in a post-Brexit rush over free trade agreement with Australia

Last week, trade was one of the hottest topics on the European economic scene. The European Union and Australia made substantial progress towards the conclusion of a free trade agreement which has been on the table for years. EU Trade Commissioner Cecilia Malmström and Australia’s Minister for Trade, Investment and Tourism, Steven Ciobo, announced they […]

EU to give more power to national antitrust authorities in a bid to secure regulatory fines

Last week, the European Commission has proposed a new set of rules to give national antitrust authorities more power and resources against anti-competitive practices. The proposed rules, which followed a public consultation that was launched last year, are intended to make the bloc’s national competition agencies more autonomous but also more reactive against multinational firms […]