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European Union

Elections 2020

Will Biden give the U.K. a free trade deal?

by Stephen Beard
Nov 16, 2020
President Donald Trump promised Britain a free trade deal after Brexit; Joe Biden's administration may be less forthcoming.
Britain may face a much harder task extracting a trade deal from Joe Biden's administration than Donald Trump's. Above, the president-elect speaks at a press conference on Nov. 9 in Wilmington, Delaware.
Joe Raedle/Getty Images
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What is market distortion?

by Samantha Fields
Nov 10, 2020
European Union regulators have accused Amazon of violating antitrust regulations and distorting the market.
Amazon CEO Jeff Bezos testifies via video conference during a House hearing about online platforms and market power on Capitol Hill. Amazon is now under fire by the EU for allegedly distorting competition.
Graeme Jennings/Getty Images
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EU files antitrust charges against Amazon over use of data

by Associated Press
Nov 10, 2020
The EU’s executive commission accuses Amazon of using data to gain an unfair advantage over merchants using its platform.
European Executive Vice President Margrethe Vestager gives a press conference on an antitrust case with the multinational technology company, Amazon website at the European Commission in Brussels on Nov. 10, 2020.
Olivier Hoslet/Pool/AFP via Getty Images
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Brexit

No-deal Brexit? Yes, it's still possible

by Stephen Beard
Oct 2, 2020
After struggling through the pandemic, British companies that trade with the EU face trouble without a free trade deal.
Talks between the U.K. and the European Union to work out a free trade deal by Oct. 15 have not gone smoothly. Above, an employee hangs a Union Jack at EU headquarters in Brussels in 2019.
John Thys/AFP via Getty Images
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COVID-19

European leaders strike deal on COVID-19 recovery fund

by Sabri Ben-Achour , Victoria Craig and Alex Schroeder
Jul 21, 2020
EU leaders have officially signed off on a plan to distribute $850 billion to member countries.
John Thys/Pool/AFP via Getty Images
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Apple wins court battle with EU over $15 billion in back taxes

by Andy Uhler , Nova Safo and Alex Schroeder
Jul 15, 2020
The EU had accused Apple of getting special treatment in Ireland and avoiding paying its fair share of taxes.
Apple’s European operations are based in Ireland, where the corporate tax rate is a lot lower than in many other European countries.
Justin Sullivan/Getty Images
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COVID-19

As summer begins, ban on U.S. travel to EU nations is an economic blow

by Jasmine Garsd
Jul 1, 2020
The transatlantic market is profitable for airlines, and it's a boon to other travel-related businesses.
EU nations will not open their borders to U.S. travelers. What does that mean for the American travel industry?
Kenzo Tribouillard/AFP via Getty Images
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COVID-19

Spain's party island faces an uncertain summer

by Jennifer O'Mahony
Jun 26, 2020
Ibiza usually welcomes 3 million tourists to its beaches and clubs in summertime. What now with COVID-19 restrictions?
A nearly empty boardwalk in Ibiza in May. Normally, tourists would swarm the island this time of year.
Andres Iglesias/Getty Images
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Countries race to limit, ban exports of masks, ventilators, other gear

by Scott Tong
Mar 30, 2020
Individual governments have defended decisions to keep medical equipment at home, arguing they must take care of their medical workers and patients first.
A program to monitor global protectionism found governments placed 46 different export controls on coronavirus-related safety supplies and machines this year. Above, masks are produced at factory in Germany on March 12.
Thomas Kienzle/AFP via Getty Images
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Could British business benefit from trade barriers between U.K. and EU?

by Stephen Beard
Mar 4, 2020
As trade talks get underway between the U.K. and the EU, some say Britain might be better off with fewer European imports.
Niklas Halle'n/AFP via Getty Images
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