Search Results for: EU Commission
Europe stocks sink on fears coronavirus is spreading in Italy
February 24th, 2020
European stocks were sharply lower Monday as investors focus on the continuing spread of the coronavirus and watch as Italy grapples with the largest outbreak outside of Asia. The pan-European Stoxx 600 plunged 3.5% by mid-morning, with travel and ...
European stocks climb as investors monitor coronavirus spread, economic data
February 19th, 2020
The pan-European Stoxx 600 was up 0.5% by mid-morning having earlier notched a new record high. Basic resources and household goods added 0.8% to lead gains as most sectors and major bourses entered positive territory. China’s National Health Commission ...
Cyprus Investment Firm to pay ten thousand euro administrative fine
January 15th, 2020
The Board of the Cyprus Securities and Exchange Commission (CySEC) has issued an announcement to inform the public that, at its meeting held on the 16th September 2019, decided to impose a total administrative fine of €10.000 to a Cyprus Investment ...
The Personal Data Commissioner in Cyprus slaps record fines for data violations
January 14th, 2020
The Office of the Commissioner for Personal Data Protection in Cyprus, an independent public authority responsible for monitoring the implementation of Regulation (EU) 2016/679 (GDPR) and other laws in Cyprus has slapped three related companies with €82,000 fines totalling ...
Dollar dips, set for smallest annual gain in six years; The Euro rose
December 30th, 2019
The dollar was on the defensive on Monday in light year-end trading after suffering a setback in the previous session, as safe-haven demand for the greenback waned on hopes of a U.S.-China trade deal and renewed optimism about global ...
UK and EU strike new Brexit deal in last-ditch talks
October 17th, 2019
Negotiators from the U.K. and EU reached a draft Brexit deal in 11th-hour talks Thursday, although there are serious doubts that the agreement will be approved by U.K. lawmakers back in Westminster. Sterling rose on news after the U.K. ...
US set to impose tariffs on $7.5bn of EU exports; Is there an economic impact?
October 4th, 2019
The US has been given the go-ahead to impose tariffs on $7.5bn (£6.1bn) of goods it imports from the EU. It is the latest chapter in a 15-year battle between the US and the EU over illegal subsidies for ...
VAT Gap: EU countries lost €137 billion in VAT revenues in 2017
September 12th, 2019
EU countries lost €137 billion in Value-Added Tax (VAT) revenues in 2017 according to a study released by the European Commission today. The so-called ‘VAT Gap’ – or the overall difference between the expected VAT revenue and the amount ...
European shares joined a China-driven global sell-off on Monday
August 5th, 2019
European shares joined a China-driven global sell-off on Monday, dragged down heavily by commodity-linked stocks as anxiety over trade frictions with the United States sent the country’s yuan below 7 per dollar for the first time in a decade. ...
New EU-wide tax system to offer more tax certainty in double taxation issues
July 4th, 2019
The European Commission has announced that new EU rules come into force as from the 1st of July to ensure quicker and more effective resolution of tax disputes between Member States, making life easier and offering much more tax certainty for ...
