Digital euro will weigh on privacy, AML, say ministers
A new digital euro will offer more privacy for small transactions – although complete anonymity is still apparently off the table, Coindesk wrote on Monday (April 4).
The officials announced it after a meeting of finance ministers from the…
Connected economy: Off-White accepts crypto
Today, in the connected economy, Off-White becomes the latest clothing brand to accept cryptocurrency and stablecoin payments, while banking solutions company Cashfree Payments launches a new verification tool as part of its Know Your…
ERYTECH will present a new vesiculation approach at the 24
ERYTECH to present New approach to vesiculation at the 24thand Mmeeting of the European Society of Red Blood Cells Oral presentation retailer the feasibility to produce loaded goods extracellular vesicles derivative from red blood…
Prime Minister Viktor Orban and Fidesz during a national vote
Hungarian Prime Minister Viktor Orban speaks to the media after casting his vote in the general parliamentary election on April 3, 2022 in Budapest, Hungary.Janos Kummer | Getty Images News | Getty ImagesHungarian nationalist Prime…
How Ukraine is changing European politics
Europe is about to hold two major elections: in Hungary, Prime Minister Viktor Orbán, who has ruled the country for 12 years, and Hungarian democracy itself are at the polls; in France, voters will decide between Emmanuel Macron and a new,…
3 finals for Ukraine – POLITICO
How can this nightmare end?From the dark bomb shelters of Mariupol to the airy corridors of NATO, the issue is no less urgent or clearer than when Russian forces invaded Ukraine on February 24.
Moscow's announcement on Tuesday…
Electric vans 25% cheaper to own than diesel
The average electric van in the European Union is 25% cheaper over its lifetime than its diesel counterpart despite much higher upfront costs for zero-emission models, European campaign group Transport and Environment (T&E) said…
China tells EU it will pursue peace in Ukraine in its own way
Russia's invasion of Ukraine dominates virtual summitFirst virtual EU-China summit since 2020Chinese President Xi hopes for an 'independent' EUBRUSSELS/BEIJING, April 1 (Reuters) - China on Friday offered the European Union assurances that…
Eurozone inflation: ECB March 2022 policy
Christine Lagarde, President of the European Central Bank.Daniel Roland | AFP | Getty ImagesThe cost of living hit a new high in the euro zone last month, raising new questions about how the European Central Bank can stabilize such a…
European Union ends antitrust probe into Qatar Energy – Middle East Monitor
On Friday, European Union antitrust regulators dropped their probe into Qatar Energy after the evidence they gathered failed to confirm their initial concerns, Reuters reported.
"Today's closure decision is based on a thorough analysis…
EU raids German natural gas suppliers over antitrust fears
By Lucia Osborne-Crowley (March 31, 2022, 1:30 p.m. BST) – The European Union's antitrust watchdog has raided several players in the German natural gas market over concerns they were abusing their dominance, a the authority said…
Germany braces for gas rationing, Europe on edge in Russian standoff
Europe fears Moscow will cut gas supplyKremlin says ruble payments are a good idea for other productsThe Kremlin says it will not immediately demand rubles for gasEconomic stalemate increases risk of recession in EuropeBERLIN/FRANKFURT,…
Over £4.5bn wiped from UK fund shares as economy spooks investors
More than £4bn has been wiped from the collective market value of UK-listed asset managers since the start of the year, amid concerns over slowing economic growth and a tough outlook for flows of retail funds contributing to!--
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Gas supply from Russia to Europe threatened as ruble deadline nears
An employee in a branded jacket walks past part of Gazprom's Power of Siberia pipeline at the Atamanskaya compressor station outside the far eastern town of Svobodny in Russia's Amur region, November 29, 2019. REUTERS/Maxim Shemetov.Join…
Highlights on the European Union – KION546
CNN Editorial Research
Here is an overview of the European Union.
About the European Union
The European Union is an international organization made up of 27 European countries.
It governs the common economic, political,…
Belgian fries makers feel the heat as Ukrainian sunflower oil stops flowing – POLITICO
Press play to listen to this article
Ukraine's exit from the global food market spells trouble for Belgium's famed fries industry.
Sunflower oil was one of Ukraine's biggest food exports and is a key…
Athens among the best cities in Europe to start a business
A survey by UK site Takepayments named Athens the fourth best European city for!-->…
Inspections in Malta to ensure there is no conflict of interest in EU funding
The European Commission should carry out on-the-spot checks in Malta to ensure that cases of conflict of interest related to EU funds are avoided.
In a statement, the European Parliament's press office said Malta was among five countries…
Fan group launches campaign to block Super League breakaways through EU law
A group of fans have launched a campaign to block future Super League-style breakaways thanks to a new European Union law.The Super League, which was launched early last year before collapsing days later, reportedly involved AC Milan,…
How did the idea of a union of European states develop
The Pursuit of EuropeAnthony PagdenOOP, £25How the idea of a union of European states developed, from the end of the Napoleonic Wars until modern times, is the subject. While the idea of Europe…
US and EU leaders reach agreement on transatlantic data privacy
US and EU leaders said on Friday they had reached an "agreement in principle" to ensure it is legal to transfer personal data across the Atlantic, after a previous pact was overturned when a court ruled it was not doing enough to protect…
Analysis: When it comes to oil, the global economy is still hanging on
LONDON, March 25 (Reuters) - The world may be less dependent on oil today than it was during the energy shocks of the 1970s, but the conflict in Ukraine is stark proof of a stubborn thirst which can further disrupt economies, confuse…
How food waste can reduce our reliance on natural gas
At a large industrial facility not far southwest of Ireland's capital Dublin, a man says old food waste and pig manure can help Europe tackle climate change and reduce its dependence on Russia's regard for energy. Billy Costello explains…
EU targets big tech power with landmark digital law
GÖTTINGEN, Germany — The European Union was set to finalize one of the world's most far-reaching laws this week to tackle the power of the biggest tech companies, putting in place rules that will affect app stores, online advertising, and…
The European Union condemns “in the strongest terms” the terrorist attack which killed…
''The European Union condemns in the strongest terms the terrorist attack that took place yesterday in Beer Sheva. It is the deadliest such attack in Israel in recent years. Four lost their lives and several others were…
Protocol blocks VAT reduction on green energy, but executive will receive cash equivalent
A PLANNED VAT reduction for energy-efficient materials will not be implemented in Northern Ireland due to the post-Brexit protocol, the UK Chancellor has said.Rishi Sunak said Stormont would still benefit from the!-->!-->!-->…
Guerra na Ucrânia: pressão sobre a Rússia e independência energética da UE | Actuality
Num debat com o presidente do Conselho Europeu, Charles Michel, ao presidente da Comissão, Ursula von der Leyen, sobre a cimeira informal de Versalhes (10-11 March) aa próxima reunião do Conselho Europeu (24-25 March), os eurodeputados…
Orbán’s government calls for the immediate provision of resources allocated to the EU
Prime Minister Viktor Orbán has informed European Commission President Ursula von der Leyen of a government decision under which Hungary requests the immediate availability…
Pepper European Servicing becomes Pepper Advantage in a major business transformation
LONDON--(BUSINESS WIRE)--Pepper European Service, a UK-based loan servicing company, announces a major transformation and investment program that will see it become a global credit information provider under a new brand: Pepper…
Reviews | The American economy in the European mirror
Last week, Eurostat, the statistical agency of the European Union, published a revised estimate the February inflation rate in the euro zone. It was not a happy report: consumer prices rose 5.9% from a year earlier, more than most analysts…
EU allows more land to be used for grazing animals labeled ‘counterproductive’
By Kate Abnett and Philip BlenkinsopThe European Commission could delay the publication of the proposals on sustainable agriculture and nature which were expected this week. The impact of war in ukraine on food supply has led some…
New round of negotiations on Bosnia and Herzegovina electoral law fails – EURACTIV.com
Negotiations on amendments to Bosnia and Herzegovina's electoral law broke down after four days of talks at the EU delegation in Sarajevo and with the mediation of international negotiators Angelina Eichhorst and Michael…
EU countries continue to ease COVID-19 restrictions – Is the pandemic over?
Even though the virus continues to spread at high levels, the majority of countries in the European Union and European Economic Area have lifted or at least relaxed some of their COVID-19 restrictions over the past two months.
Iceland,…
Capralos hails NOCs’ efforts to ensure Ukraine’s presence at the Winter EYOF
You viewed more than 50 articles in the last 12 months.Keep Olympic News FreeSupport insidethegames.biz for just £10For nearly 15 years now, insidethegames.biz has been at the forefront of fearless reporting on what's happening in the…
Why is it possible for Russia to ease economic sanctions?
With the Russian government's announcement on March 14 to temporarily suspend exports of wheat, rye, barley and maize abroad, a number of importing African countries are experiencing rising prices. The Russian government's…
Bullfighting still benefits from millions of euros a year in EU agricultural subsidies |…
Bullfights across Europe are being kept alive thanks to millions of euros donated by the EU, campaigners claim, despite attempts by MEPs to ban the subsidies.The funding goes to farms that raise bulls to compete under the EU's Common…
Infographic: How much of your country’s gas comes from Russia? | New infographics
Oil and gas prices jumped after Russia invaded Ukraine on February 24.
The US has banned oil and gas imports and the UK is phasing out oil imports as part of a series of Western sanctions aimed at cutting Russia off from the world's…
Russia invades Ukraine and Zelensky addresses Congress
Oleksandr Kamyshin, Chairman of Ukrainian Railways (CNN)The chairman of Ukrainian Railways said the Polish, Czech and Slovenian prime ministers, who traveled by train for a meeting Tuesday with Ukrainian President Volodymyr Zelensky in…
Europe Daily News, March 16, 2022 | Insights and Events
EU CORONAVIRUS RESPONSE
HEALTH
ECONOMY
NOTextGenerationEU: the Commission receives a request for payment from Croatia for €700 million under the Recovery and Resilience Facility - Noon Express
Prampant crisis and…
Kyiv: EU leaders express solidarity with Ukraine after Zelensky meeting
At the end of the meeting, Polish Prime Minister Mateusz Morawiecki called on the European Union to "very quickly" grant candidate status to Ukraine."We are here to admire your fight against such a cruel aggressor. This invasion must stop,"…
Live Updates: Russia invades Ukraine
Journalists and local residents stand in front of a damaged residential building in kyiv on March 15. (Marcus Yam/Los Angeles Times/Getty Images)Ukrainian President Volodymyr Zelensky criticized the effectiveness of NATO's Article 5…
Borrell: EU to help war-affected Western Balkan economies
European Union foreign policy chief says bloc will support Western Balkan countries to overcome economic crisis caused by Russia's war on UkraineBy LLAZAR SEMINI Associated PressMarch 15, 2022, 1:25 p.m.• 2 minute readShare on…
“Homes for Ukraine” program: the United Kingdom sets up a “do-it-yourself”…
Step into a detailed new scheme on Monday in which the British Conservative government has effectively decided to contract out refugee care to the public - offering around $455 a month to local sponsors who take in rent-free Ukrainians.…
European Commission blocks Hungary’s attempt to veto deal under FDI rules
In short
The situation: The European Commission (“EC”) has issued its first decision (“Decision”) regarding the intersection of EU merger control rules and the recent growth of domestic foreign direct investment (“FDI”) regimes. The EC…
High Representative/Vice-President Josep Borrell visits the Western Balkans
The High Representative of the EU for Foreign Affairs and Security Policy/Vice-President of the European Commission, Josep Borrell, will visit North Macedonia, Albania and Bosnia and Herzegovina from 13 to 16 March. The visit will reaffirm…
Reviews | Europe must end its energy dependence on Russia
Russia's unprovoked invasion of Ukraine has caused Europe to fundamentally rethink how it keeps its lights on and its industries fueled. Steps that would have seemed crazy just a few weeks ago – burning more coal or stepping up government…
Biden and his European allies decide to strip Russia of its commercial status
Biden called the actions "another blow to the Russian economy," which has been hit by comprehensive financial sanctions announced following Moscow's invasion of its neighbor. The United States and Europe have cut Russia's big banks off…
The British economy rebounded strongly in January; Evraz directors resign after Abramovich sanction…
Hello and welcome to our ongoing coverage of the global economy, financial markets, eurozone and business.
The UK economy returned to growth as the economic damage caused by the Omicron variant receded.
UK GDP rose 0.8% in January,…
The European Union dashed Ukraine’s hopes of quick accession
EU leaders meet in Versailles to discuss war responseFocus on weaning from the Russian energy bloc and the economic responseDutch Prime Minister: No fast track to EU membershipVERSAILLES, France, March 10 (Reuters) - European Union leaders…
Government to seek ‘flexibilities’ in EU fuel price legislation, Taoiseach says
The government will seek "flexibilities" in EU law that will allow VAT to be further reduced on fuel prices without financial penalties being imposed on the state, Taoiseach Micheál Martin has said.…
European Parliament calls on EU to freeze funds for rule of law violators
The European Parliament has, by a large majority, adopted a resolution calling on the European Commission to take action to withhold funds from member states that fail to respect the rule of law. The document names Hungary and Poland…
VW chief warns economic damage from war likely to be worse than pandemic
The boss of Volkswagen, Europe's biggest automaker, has warned that a protracted war in Ukraine is likely to be "much worse" for the region's economy than the coronavirus pandemic.Disrupting global supply chains “could lead to huge…
The European Commission’s Higher Fruit Subgroup meets to analyze the market situation
The pip fruit sub-group of the European Commission's Fruit and Vegetable Market Observatory met today, by videoconference, to analyze the situation of the pear and apple campaigns.The sub-group will analyze the state of prices and…
What India’s position on the Russian-Ukrainian war means for its relations with the EU |…
It has been nearly two weeks since Russia launched its assault on Ukraine, killing hundreds and displacing more than 2 million.
Besides generating a humanitarian crisis and sending shockwaves around the world, Russian President Vladimir…
Ukraine: the European Union is working to punish disinformation
(ANSA) – BRUSSELS, March 8 – The European Union will propose “a new mechanism which will make it possible to sanction malicious actors for misinformation”. This…
Energy giant Shell pulls out of Russia and will stop buying oil and gas from Moscow
Buses full of refugees have started leaving the besieged Ukrainian city of Sumy in the first evacuation through a humanitarian corridor agreed with Russia after several failed attempts in recent days to allow civilians to escape the…
Russia threatens to cut natural gas flows to Europe via Nord Stream 1 in response to sanctions
Russia has threatened to cut off natural gas supplies to Europe via the Nord Stream 1 gas pipeline as part of its response to sanctions imposed following the invasion of Ukraine, a move that could worsen turmoil on the energy markets and…
European Union agrees to start considering applications from Ukraine, Georgia and Moldova to join…
Hungary has offered foreign students whose studies were interrupted by Russia's invasion of Ukraine the chance to continue their education at Hungarian universities, authorities said.“Hungary offers foreign students who have escaped…
Russian-Ukrainian war: bombardments prevent the evacuation of civilians from besieged cities,…
The European Union is in the grip of a "growing gas crisis" made worse by its reliance on Russia, Brussels will warn, as it pushes even harder for energy savings and a switch to renewables.
According to a draft paper on EU energy…
Road to European energy independence could start this week – EURACTIV.com
The EU's 5th list of Projects of Common Interest (PCI), to be voted on this week in the European Parliament, is to be revised to include "Russian scrutiny" ensuring that energy projects that receive EU priority status…
Automakers brace for pain as war threatens shortages
NEW DELHI : Automakers brace for further production disruptions as escalating conflict between Ukraine and Russia threatens to cut off supply of crucial inputs to make semiconductors, prolonging a global shortage…
Efforts to decimate Russia’s economy threaten to boomerang
Efforts to decimate the Russian economy in order to punish Moscow for its invasion of Ukraine could have serious and unpredictable implications for the United States and its allies.Russia's economy began to collapse after the United States,…
Putin made the European Union even bigger
"And just as Vladimir Putin thought he would destroy European unity, the exact opposite has happened. Cooperation is rock solid," said European Council President Charles Michel.
Something remarkable in geopolitics…
Kyiv and Moscow blame each other for failed evacuation as Russian assault continues
Russia and Ukraine blame each other for evacuation problemsUp to 1.5 million refugees expected by Sunday eveningUS Secretary of State Blinken in Poland for crisis talksNATO says 'no' to no-fly zones over UkraineRussia accuses the West of…
Europe plans to turn down the heat in homes to hit Putin’s bloody war
It's only been a little over a week, but so far Russia has let the gas flow. But that poses another problem. Russia earns hundreds of millions of dollars a day from its oil and gas exports, undermining financial sanctions Western powers…
Switzerland to adopt new EU sanctions against Russia
Russian President Vladimir Putin (L) and Belarusian President Alexander Lukashenko shake hands as they pose for a photo during a ceremony in the Kremlin, Moscow, Russia, June 24, 2020. (Alexei Nikolsky/Presidential Office Russian Press and…
February 2022 Jobs Report: Live Updates
Jerome H. Powell, the chairman of the Federal Reserve, testified on Capitol Hill this week.Credit...TJ Kirkpatrick for The New York TimesIt is already clear that the Federal Reserve is poised to raise interest rates by a quarter point this…
Differentiation of EU brands of alcoholic beverages and water
In its recent decision delivered on September 22, 2021, in case T-195/20 Sociedade de Àgua de Monchique vs. EUIPOthe CGUE settled a long-standing dispute over the similarity between waters, and by extension non-alcoholic…
Is the standard of claiming damages from the EU insurmountable? EU Court Refuses to Recognize…
On February 23, 2022, the General Court of the EU (GC) dismissed a claim for damages of 1.7 billion euros brought by United Parcel Service Inc. (UPS) against the European Commission (EC).1 UPS requested compensation for losses resulting…
Nassau County GOP Executive Bruce Blakeman Holds Gun Drive for Ukraine
A Nassau County politician wants Long Islanders to donate weapons so he can ship them to Ukraine for use in the ongoing conflict with Russia.
GOP County Executive Bruce Blakeman told the Post he was staging the…
Last war in Ukraine: Russian advance on Kiev stalled, Pentagon says
Oil rose above the $100 mark and Asian stocks sold off on Wednesday after Russia stepped up its attacks on Ukraine's biggest cities and adopted more aggressive tactics. Brent crude, the international benchmark, rose 4.4% to a seven-year…
Where are the Ukrainian refugees going?
More ... than 677,000 Ukrainians have already fled Russia's war against their country since Tuesday, and this number is increasing hour by hour.
"Rarely have I seen such an incredibly rapid exodus of people - the largest in Europe since…
EU imposes sanctions on Russian oligarchs; US Sanctions RDIF – International Law
Worldwide: EU imposes sanctions on Russian oligarchs; US Sanctions RDIF
…
Russia seeks to halt investor rush as sanctions hit economy
File photo of the skyline of the banking district in Frankfurt, September 18, 2014. REUTERS/Kai PfaffenbachJoin now for FREE unlimited access to Reuters.comRegisterMan and abrn cut russia positionsLiontrust suspends its operations on the…
Russia considers workarounds for sanctions in energy, gold and crypto sectors
While Russia is likely to move closer to China to make up for the loss of goods and services it would normally get from the West, Smith said, "they are also betting that their huge energy supplies will…
Facebook to ‘restrict access’ to Russian state media RT and Sputnik in EU
Facebook says it is "restricting access" to Russian state media RT and Sputnik News for European Union users, citing a request from European leaders, who seek to crack down on Russian disinformation. “We have received requests from a…
EU eyes Ukraine membership, could be bargaining chip in talks with Russia
European Union leaders could discuss the possibility of Ukraine joining at an informal summit in March, a senior EU official said on Monday, adding that the issue was important for Ukraine. in discussions with Russia on ending the…
The European Union has closed the skies to Russia
Photo: Getty Images Russian planes will not be able to fly over EU territory
The EU has decided to impose a number of restrictions on Russia for!-->!-->!-->…
Czechs join Poland and Sweden in refusing to play against Russia
LONDON (AP) — FIFA has drawn a swift response from European nations for not immediately expelling Russia from World Cup qualifying on Sunday and only ordering the country to play without its flag and anthem at neutral venues under…
UK PM says first step has been taken to shut Russia out of global financial system – Business…
London, February 27. /TASS/. British Prime Minister Boris Johnson described the decision to disconnect several Russian banks from the SWIFT global interbank system as the first step towards Russia's exclusion from the global financial…
Joint statement on further restrictive economic measures
We, the leaders of the European Commission, France, Germany, Italy, the United Kingdom, Canada and the United States, condemn Putin's war of choice and the attacks on the nation and the sovereign people of Ukraine. We support…
Blinken cites Russia’s ‘earlier example of defiance of international law’ on…
Portuguese Prime Minister Antonio Costa, center, flanked by Defense Minister Joao Gomes Cravinho, left, and Chief of the General Staff of the Armed Forces, Admiral António da Silva Ribeiro, speaking to the media after attending the…
EU set to back Russia’s expulsion from SWIFT system
In a phone call on Saturday, Italian Prime Minister Mario Draghi told Ukrainian President Volodymyr Zelenskiy that he fully supports the EU line on sanctions, "including those under SWIFT", according to a statement. from Draghi's office.…
Governor signs executive order focused on Ukrainian refugees
DENVER (KDVR) — Governor Jared Polis moved quickly to downplay Russian influence in Colorado by signing an executive order condemning Russia's invasive actions in Ukraine.
the Executive Decree signed on Thursday includes a call…
By invading Ukraine, Putin loses allies in Eastern Europe
Russia's invasion of Ukraine shocked the former Soviet satellite states of Central and Eastern Europe, drawing strong condemnation from even the region's most pro-Kremlin politicians.For some of the countries that fled the Soviet bloc…
Brits living in EU cannot retain pre-Brexit rights, EU court rules | Brexit
The European Court of Justice has been told that British nationals living on the mainland are not retaining the benefits of EU citizenship now that the UK has left the bloc, in a blow to campaigners fighting to retain more of their rights…
Digital transition: an opportunity to advance labor law?
On December 9, 2021, the European Commission presented a proposal for legislative initiative on the working conditions of platform workers. On the same day, he also offered a series of Guidelines this would redefine the scope of European…
Live news on the Russian-Ukrainian crisis: sanctions, latest updates and video
UKRANIAN RAILWAYS TRAIN 749 - We boarded the train heading for Lviv in the northwest corner of Ukraine, near the Polish border and the NATO front lines, expecting us at the find it crowded with people fleeing from a feared Russian…
EU proposes law forcing big companies to vet suppliers over environmental and human rights concerns
European Union flags are seen outside the European Commission headquarters in Brussels, Belgium November 14, 2018. REUTERS/Francois LenoirJoin now for FREE unlimited access to Reuters.comRegisterBRUSSELS, Feb 23 (Reuters) - The European…
Latest in Ukraine: Japan and Australia join US and Europe in imposing sanctions on Russia
Military tensions in eastern Ukraine, where Russia has recognized and sent troops to two breakaway republics, prompted Taiwanese President Tsai Ing-wen to order the island on Wednesday to improve its defense capabilities.The president's…
Russia enters Ukraine, the West retaliates with sanctions
BRUSSELS (AP) — Shocked by Russian President Vladimir Putin's order to deploy troops to breakaway regions in eastern Ukraine, world leaders moved quickly on Tuesday to push for as strong a response as possible in the hope of avoiding an…
Latest news in Ukraine: Germany disconnects the Nord Stream 2 gas pipeline
The Russian State Duma unanimously agreed to recognize the breakaway regions of eastern Ukraine as sovereign states and ratified friendship and mutual aid agreements. The lower house of parliament voted 400 to zero in favor of the…
Reviews | Ukraine needs Western help now, not after a Russian invasion
This weekend at Munich Security Conference, which I attended, American and European officials sang the song of "unity" again and again. The verses come from Vice President Harris and Secretary of State Antoine Blinkenas well as NATO…
European Commission adds nuclear energy to taxonomy
Few topics in the sustainable bond market are discussed as heatedly and contentiously as the European Union's Sustainable Finance Taxonomy and the European Green Bond Standard. Key actions from the European Commission's 2018 Action Plan on…
European energy groups seek 4 billion euros in damages for fossil fuel projects
Five energy groups are suing four European governments for nearly 4 billion euros for blocking coal, oil and gas projects amid growing concerns about climate change, using a secret process based on an international climate change…
Secretary Antony J. Blinken with State of the Union on CNN with Dana Bash
QUESTION: And I am now joined by US Secretary of State Antony Blinken. Mr. Secretary, let's start with what you just heard from Clarissa, hearing that troops from Russia and Belarus will continue these joint exercises there beyond…
Former top Trump Russia adviser details stark contrast between ex-president and Biden
Hill has a particular perspective on this slow-moving crisis that US officials say could lead to war in Europe at any time. As a White House national security aide, she advised then-President Donald Trump on Russia and Ukraine – and became…
European companies languish on a slow lane as the US dominates the corporate landscape
Europe's fragmented single market is like an obstacle course, relegating the region's businesses to second place in the global race for growth.The failure to harmonize rules within the trading bloc has allowed US companies to take…