The Obama Administration successfully lobbied the EU to do away with a proposed data privacy measure, according to a report in the Financial Times. The exclusion would make it easier for the U.S. to spy on EU citizens.
Residents of Germany, Austria, the Czech Republic and beyond are still wading through high waters today. Severe flooding has led to the deaths of at least 24 people.
The furor over U.S. Internet surveillance could hit transatlantic trade. A senior European lawmaker says the revelations could potentially derail plans for a U.S.-EU free trade deal.
A day after the EU Trade Commission placed anti-dumping duties on Chinese solar panels, the Chinese government has launched an investigation into doing the same on EU wine exports to China.
The Institute of Supply Management releases its survey of U.S. factories for the month of May today. In Europe, the latest factory ordering data are indicating modest economic improvement.
European — and some American manufacturers — believe Chinese solar panels are being sold for less than they cost to build. The European Commission is investigating, but now Germany is distancing itself from the "dumping" allegations.
