Latest Europe Headlines

All the headlines from our Europe Topic Page, ordered by recency.

Meta Fined €798 Million by EU Over Abusing Classified Ads Dominance

Nov 18 2024 // Meta Platforms Inc. was hit with a €798 million ($841 million) fine by European Union regulators by tying its Facebook Marketplace service to the social network, the US tech giant’s first ever penalty for EU...

EU Readies More Sanctions on Russia’s Shadow Fleet by Year’s End

Nov 15 2024 // The European Union is working on a new package of sanctions aimed at targeting the shadow fleet of tankers Russia is using to get its oil to market, according to people familiar with the matter.The package, which the bloc...

Cevian’s Baloise Move Triggers European Insurers to Study Deal

Nov 13 2024 // Baloise Holding AG has become one of the most-discussed takeover candidates in the European financial sector, after agitation by an activist investor triggered top industry players to take fresh looks at the Swiss...

2024 Will Be World’s Hottest Year on Record, EU Scientists Say

Nov 7 2024 // This year is “virtually certain” to eclipse 2023 as the world’s warmest since records began, the European Union’s Copernicus Climate Change Service (C3S) said on Thursday.The data was released ahead...

Swiss Re Agrees to Sell iptiQ’s European P&C Business to Allianz Direct

Nov 5 2024 // Swiss Re has agreed to sell iptiQ’s European P&C business to Allianz Direct, in line with its strategic decision to withdraw from iptiQ.Allianz Direct, the pan-European online insurer of Allianz Group, will take...

Gas Stoves Linked to 40,000 Premature Deaths in Europe Annually

Oct 28 2024 // Gas stoves in European homes are associated with tens of thousands of premature deaths, a study has found.Nearly 40,000 early deaths each year in the EU and UK can be linked to exposure to nitrogen dioxide from burning gas...

EU AI Act Checker Reveals Big Tech’s Compliance Pitfalls

Oct 17 2024 // Some of the most prominent artificial intelligence models are falling short of European regulations in key areas such as cybersecurity resilience and discriminatory output, according to data seen by Reuters.The EU had long...

City of London Chief Says Brexit ‘Disaster’ Cost 40,000 Finance Jobs

Oct 16 2024 // Britain’s departure from the European Union cost London’s financial center about 40,000 jobs, the Lord Mayor of the City of London told Reuters, a far deeper impact from Brexit than previous estimates.Michael...

People Moves: Miller Promotes Nagle to Head of Miller Europe, Succeeding Holloway; Markel Taps AIG’s Eastwood as Sr. Cyber U/W

Oct 10 2024 // This edition of International People Moves details appointments at the insurance broker Miller and the insurer Markel.A summary of these new hires follows here. Miller Promotes Nagle to Head of Miller Europe, Succeeding...

People Moves: Coalition Appoints AIG’s Simonsen as European Head of Insurance

Oct 7 2024 // Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, has appointed Tine Simonsen as the company’s head of Insurance for Continental Europe. As an experienced cyber underwriter and...

Hurricane Kirk’s Remnants Forecast to Hit Europe Later This Week

Oct 7 2024 // The remnants of Hurricane Kirk are forecast to hit northwest France on Wednesday, bringing heavy rain and gale-force winds.Hurricane Kirk peaked at Category 4 storm over the Atlantic last week, but is weakening as it heads...

Ryan Specialty Completes Purchase of Certain Assets of Geo Underwriting Europe

Oct 3 2024 // Ryan Specialty, the Chicago-based international specialty insurance firm, announced it has completed the acquisition of certain assets of the European managing general agent, Geo Underwriting Europe BV (Geo Europe), part...

Insured Losses from Central European Floods Range From US$2.2B to US$3.4B: Verisk

Oct 2 2024 // Insured industry losses from the flooding in the Czech Republic, Poland and Austria in September 2024 will range from €2 billion (US$2.2 billion) to €3 billion (US$3.4 billion), according to Verisk, the data analytics...

Europe Set for Colder Winter Than Last Year as La Niña Arrives

Oct 1 2024 // Europe’s winter is forecast to be colder than last year — Germany’s third-mildest on record — as a weakened La Niña finally arrives, but it will still be warmer than longer-term averages.France, the UK and...

EU Privacy Regulator Fines Meta €91M Over Password Storage in GDPR Violation

Sep 30 2024 // The lead European Union privacy regulator fined social media giant Meta 91 million euros ($101.5 million) on Friday for inadvertently storing some users’ passwords without protection or encryption.The inquiry was...

Central European Insurers’ Financial Strength to Remain Solid Despite Severe Floods

Sep 25 2024 // The heavy rains and severe floods of Storm Boris, which inundated Central and Eastern Europe during the second week in September, will be the most severe flood event in about a decade, carrying an insurance price tag of an...

Climate Change Made Europe’s Deadly Floods Worse and More Likely

Sep 25 2024 // Record rainfall leading to flooding that killed 24 people in Europe earlier in September was twice as likely due to manmade climate change, a study has found.The flooding took place across central Europe after Storm Boris...

Extreme Weather Adds to Fiscal Strains in Central Europe

Sep 20 2024 // Just a week ago, before deadly floods swept through central Europe, the Czech Republic looked on track to become the first country in the region since COVID-19 to pull its budget deficit firmly below the 3% of GDP cap set...

Central Europe Flood Deaths Rise as Citizens Race to Build Defenses

Sep 18 2024 // Volunteers and emergency personnel raced to secure river banks and buildings in Poland and Hungary on Tuesday as flood waters that have wreaked havoc across central Europe began to rise in new areas and the Czech Republic...

Russia’s RusChemAlliance Sues 5 European Banks Over Aborted Gas Project

Sep 17 2024 // Russian company RusChemAlliance has filed new lawsuits against five European banks that stopped financing the construction of a gas project in Russia after the West imposed sanctions against Moscow over the 2022 invasion...