Britain’s legal sector set for significant slowdown in event of no-deal Brexit

Britain – Europe’s biggest international provider of legal services and number two in the world – could take a £3.5bn hit from a no deal Brexit, solicitors' leaders warned yesterday. “According to our estimates, the volume of work in legal services would be down £3.5bn* – nearly 10% lower than under an orderly Brexit,” said … Continue reading Britain’s legal sector set for significant slowdown in event of no-deal Brexit

European Commission fines Barclays, RBS, Citigroup, JPMorgan and MUFG €1.07 billion for participating in foreign exchange spot trading cartel

In two settlement decisions, the European Commission has fined five banks for taking part in two cartels in the Spot Foreign Exchange market for 11 currencies - Euro, British Pound, Japanese Yen, Swiss Franc, US, Canadian, New Zealand and Australian Dollars, and Danish, Swedish and Norwegian crowns. The first decision (so-called “Forex - Three Way Banana Split” … Continue reading European Commission fines Barclays, RBS, Citigroup, JPMorgan and MUFG €1.07 billion for participating in foreign exchange spot trading cartel

Digital Single Market: Cheaper calls to other EU countries as of 15 May

As of 15 May, a new maximum price will apply for all international calls and SMS within the EU. As a result, consumers calling from their country to another EU country will pay a maximum amount of 19 cents per minute (+VAT) and 6 cents per SMS message (+VAT). Following the end of roaming charges … Continue reading Digital Single Market: Cheaper calls to other EU countries as of 15 May

WTO reform: EU proposes way forward on the functioning of the Appellate Body

Today, the EU together with other members of the World Trade Organisation (WTO) - Australia, Canada, China, Iceland, India, Korea, Mexico, New Zealand, Norway, Singapore and Switzerland – unveiled a proposal for concrete changes to overcome the current deadlock in the WTO Appellate Body. The proposal will be presented at the meeting of the WTO … Continue reading WTO reform: EU proposes way forward on the functioning of the Appellate Body

Antitrust: Commission fines four consumer electronics manufacturers for fixing online resale prices

The European Commission today fined, in four separate decisions, consumer electronics manufacturers Asus, Denon & Marantz, Philips and Pioneer for imposing fixed or minimum resale prices on their online retailers in breach of EU competition rules. The fines totalling over €111 million were in all four cases reduced due to the companies' cooperation with the … Continue reading Antitrust: Commission fines four consumer electronics manufacturers for fixing online resale prices

How the EU regulates medicines

Awareness session for international regulators and NGOs on the work of EMA and European medicines regulatory system. The European Medicines Agency (EMA) will host an awareness session to present the European Union’s (EU) medicines regulatory system and EMA’s role in it to international regulators and non-governmental organisations. A clear understanding of how medicines are regulated in … Continue reading How the EU regulates medicines

Europe Dominates New Ranking on Business Talent

Europe is home to nine of the 10 economies worldwide that are best equipped to develop, attract and retain business talent, a major new study has highlighted. Only Hong Kong challenges the continent's grip on the top spots in the latest World Talent Ranking, a prestigious annual report by leading global business school IMD. The … Continue reading Europe Dominates New Ranking on Business Talent