Latest Europe Headlines

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

UK Companies’ Role in Alleged Danske Money Laundering a ‘Disgrace’: Whistleblower

Nov 21 2018 // British company structures which hide the identity of those behind them were branded a disgrace by the whistleblower who brought to light an alleged 200 billion euro ($228 billion) money laundering scandal involving Danske...

A.M. Best Discusses What’s Ahead for UK Insurers as Brexit Deadline Looms

Nov 21 2018 // When the UK withdraws from the EU, and at the end of any transition period, passporting rights that currently exist between the UK and countries in the European Economic Area (EEA) are expected to cease, said A.M. Best in...

UK Companies Prepare for Disorderly Brexit and Supply Chain Disruptions

Nov 21 2018 // British companies selling everything from washing machines to flights, food and mortgages plan to spend tens of millions of pounds in case the political brinkmanship gripping the country leads to a disorderly Brexit.With...

Bank of England Pressures EU to Deliver No-Deal Brexit Fix for Financial System

Nov 20 2018 // The Bank of England turned up the pressure on the European Union to deliver legislation within weeks to avert a breakdown of access to London’s crucial financial infrastructure in a no-deal Brexit.“By early to...

Prime Minister May’s Brexit Deal Has Fatal Defect: Opinion

Nov 20 2018 // Last week Theresa May unveiled her draft agreement with the European Union on the terms of Britain’s exit. The reaction was exactly as expected. Remainers despaired because the deal is so much worse than staying in...

Brexiteer Plot to Oust UK Prime Minister May Falters

Nov 20 2018 // Evidence is mounting that the plot to oust U.K. Prime Minister Theresa May is faltering.To trigger a vote of no confidence in her leadership, a total of 48 Conservative lawmakers need to submit letters, texts or emails...

Update: Danske Whistleblower Says U.S., European Banks Helped Launder Money

Nov 19 2018 // The whistleblower who revealed alleged money laundering involving Danske Bank said on Monday that a major European bank helped process up to $150 billion in suspicious payments, or nearly two-thirds of the transactions...

Explaining Danske Bank’s €200 Billion Money Laundering Scandal

Nov 19 2018 // Danske Bank has been caught up in one of the largest-ever money laundering scandals. Howard Wilkinson, the whistleblower who first alerted Denmark’s biggest bank to the problem, testified before the Danish parliament...

UK Prime Minister Defiantly Battles to Save Brexit Divorce Deal – and Her Job

Nov 16 2018 // British Prime Minister Theresa May won the backing of the most prominent Brexiteer in her government on Friday as she fought to save a draft European Union divorce deal that has stirred up a plot to force her out of her...

Hard Brexit Could Cost UK 6% of GDP, IMF Warns

Nov 16 2018 // Leaving the European Union without a transitional trade deal would cost Britain about 6 percent of GDP — roughly four years of economic growth — compared with staying in the bloc, the International Monetary...

Hardline Brexiteers Bet UK Can Defy Trade-Gravity Theory with No-Deal Brexit

Nov 16 2018 // The U.K.’s hardline Brexit backers are making their move. If they get their way on new trade arrangements, they’ll face a test of gravity.Many of those plotting to oust Prime Minister Theresa May also favor...

Danske Bank’s Money Laundering Could Implicate Other Banks: Whistleblower Lawyer

Nov 15 2018 // Danske Bank’s 200 billion euro ($225 billion) money laundering scandal might be the “tip of the iceberg” and investigators should examine whether major Western banks played a role, a lawyer for the...

U.S. Multinationals Flee No-Tax Caribbean Havens, in Favor of Low-Tax Havens

Nov 15 2018 // Many U.S. multinational corporations have packed up or are choosing to open subsidiaries in low-tax, rather than no-tax, countries that are seen as more legitimate than the formerly popular island destinations of the...

Brexit Plan in Chaos After Cabinet Resignations

Nov 15 2018 // Brexit Secretary Dominic Raab quit the U.K. Cabinet over Theresa May’s handling of Brexit, dealing a severe blow to the prime minister who must now consider if her position is tenable. The pound tumbled.Shortly...

Brexit Uncertainties Remain for City of London – Despite Approval of Draft Deal

Nov 15 2018 // The City of London averted one disaster with the draft Brexit deal announced Wednesday. But the resignation of Brexit Minister Dominic Raab showed the obstacle course is far from over.Even if the U.K. Parliament clears the...

UK, EU Agree on Draft Brexit Divorce Deal with More Hurdles to Come

Nov 13 2018 // Britain struck a draft divorce deal with the European Union after more than a year of talks, thrusting Prime Minister Theresa May into a perilous battle over Brexit that could shape her country’s prosperity for...

Brexit Negotiators Work Through Night to Reach Deal, Entering `Endgame’

Nov 13 2018 // Brexit negotiators are working through the night in an effort to reach a deal, but the final stage of the talks is proving “immensely difficult,” U.K. Prime Minister Theresa May said.“The negotiations for...

Lloyd’s Officially Opens Its EU Headquarters, Lloyd’s Brussels

Nov 13 2018 // Lloyd’s, the insurance and reinsurance market, officially opened Lloyd’s Brussels, its post-Brexit headquarters in the European Union.Lloyd’s Brussels is Lloyd’s first Europe-wide operation and will...

UK PM May’s Brexit Strategy Under Increasing Attack, as Political ‘Mess’ Grows

Nov 12 2018 // Prime Minister Theresa May’s Brexit strategy came under attack from all sides on Monday, increasing the risk that her plan for leaving the EU will be voted down by parliament and thrust the United Kingdom towards a...

Deadly Lion Air Crash Puts Spotlight on Safety Culture Within Indonesia’s Airlines

Nov 9 2018 // In April 2013, a Lion Air Boeing 737 missed the runway on the Indonesian resort island of Bali in bad weather and plowed into the sea, cracking its fuselage open on the rocks.All 108 on board survived. But a September 2014...