EU ignores US calls to ban Huawei in 5G security blueprint

FILE – In this Sept. 26, 2018 file photo, a staff member uses a laptop at a display for 5G wireless technology from Chinese technology firm Huawei at the PT Expo in Beijing. The European Commission recommends member countries share information as part of new cybersecurity measures for next-generation mobile networks. However, the commission is ducking U.S. calls to ban […]

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EU agrees watered-down reform of finance supervision

BRUSSELS, March 21 (Reuters) – European Union governments and lawmakers agreed on Thursday a watered-down reform of the bloc’s financial supervisors that will slightly strengthen the EU watchdogs but will leave large powers in the hands of national authorities. The plan, initially proposed by the EU executive Commission in 2017, was meant to beef up EU-wide supervision in a bid […]

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Brexit Brief: EU tells Theresa May — it’s deal, or no deal

U.K. Prime Minister Theresa May’s request for the EU to extend Britain’s scheduled exit from the bloc has been met with a stark ultimatum from Brussels: not unless you can get your Brexit deal through parliament. May will travel to Brussels today after warnings from European Council President Donald Tusk that the EU might only approve the three-month delay to […]

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EU fines Google $1.7 billion for abusing online ads market

European Competition Commissioner Margrethe Vestager speaks during a media conference at EU headquarters in Brussels, Wednesday, March 20, 2019. European Union regulators have hit Google with a 1.49 billion euro ($1.68 billion) fine for abusing its dominant role in online advertising. (AP Photo/Francisco Seco) European Union regulators have fined Google 1.49 billion euros ($1.7 billion) for abusing its dominant role […]

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Valid or voodoo? Monetary theory may appeal in Europe's 'age of rage'

LONDON (Reuters) – Having spent three years and more than 2.6 trillion euros ($3 trillion) trying to boost economic growth across the euro zone, the European Central Bank’s mixed record may open the door for a high-spending, radical alternative. With populist and anti-austerity parties looking to build support before European parliamentary elections in May just as growth withers, so-called Modern […]

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‘I have drawn you a unicorn’: Donald Tusk shares Brexit message from girl, 6

European Council President Donald Tusk has shared a letter from a six-year-old English girl, featuring an apparently pointed message to Brexit-backing MPs. “Dear Mr Tusk, I live in Britain,” the letter reads. “I know we are leaving the EU. But I think we should be friends. From Sophie, aged 6.” View this post on Instagram We will always be friends, […]

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