UK and EU publish draft MOU to improve post-Brexit financial regulatory cooperation Brexit The UK and the EU’s top body have published the draft of a memorandum of understand, intended to improve post-Brexit regulatory cooperation on financial services. The draft agreement commits the two to “jointly endeavour to pursue a robust and ambitious bilateral regulatory cooperation in the area of financial services”. The MOU was heralded as a [...]
UK should restore freedom of movement, says Jean-Claude Juncker Brexit The UK should restore freedom of movement, Jean-Claude Juncker said today, adding that Rishi Sunak’s Windsor Framework deal with the EU was “a real breakthrough”. In an interview with LBC, ex-European Commission president Juncker called for Britain to have a “normal relationship” with the trading bloc, including a “kind of freedom of movement for workers”. [...]
UK defence budget needs £3bn boost for ‘broken’ armed forces, top general warns Military A top general has warned Britain’s armed forces are “at their most broken since the Cold War” and need a £3bn boost to ramp up the UK’s military capabilities. General Sir Richard Barrons has urged Chancellor Jeremy Hunt to fund the replacement of weapons and tanks given to Ukraine in the budget next month. Barrons, [...]
Macron on Musk: EU officials raise concerns over Twitter December 1, 2022 Top European officials have warned Elon Musk to play by its rules as concerns around hate speech and disinformation amplify. EU commissioner for digital policy Thierry Breton told the new social media owner that he would need to boost efforts to protect users. The bloc recently introduced the Digital Services Act, which is due to come into force next year and aims [...]
EU court adviser throws spanner in the works for telcos consolidation October 20, 2022 A top EU lawyer has undermined hopes of consolidation in the telcos sector after it backed a 2016 ruling that blocked a major £10.3bn merger. It comes after Advocate-General for the EU Court of Justice (ECJ) Juliane Kokott said this morning that a previous ruling involving Telefónica’s O2 and CK Hutchison’s Three, which went against [...]
European Commission backs out of battle over Qualcomm’s £862m fine August 29, 2022 In a further setback for EU regulators, European Commission will not be appealing the decision to overturn a €997m (£862m) fine placed on US chipmaker Qualcomm.
Exclusive: UK becomes Europe’s leading jurisdiction for class-action lawsuits July 12, 2022 The introduction of “opt-out” claims has seen the UK become the leading jurisdiction for European class action lawsuits, according to new figures from law firm CMS, which show that more than half (54 per cent) of all class action lawsuits filed in Europe over the past five years were filed in the UK. The UK [...]
EU’s stamp of approval for digital laws risks putting the UK behind July 7, 2022 The European Parliament gave the Digital Services Act (DSA) and the Digital Markets Act (DMA) the final green light this week, setting out key obligations on Big Tech.
Complaints from EU push Amazon to allow two-click cancellation for Prime July 1, 2022 Amazon have made it easier for users to cancel their Prime subscriptions in just two clicks after consumer groups took their grievances about the e-commerce giant to the EU last year. The European Consumer Organisation (BEUC), the Norwegian Consumer Council and the Transatlantic Consumer Dialogue criticised Amazon for pushing users to go through a number [...]
Google hit with new EU antitrust complaint as internet giant is accused of abusing market power June 27, 2022 A Danish online job-search rival has filed an antitrust complaint against Google with EU regulators, alleging the online search giant had allegedly used its market power to push its own service, Google for Jobs. Watch the full video report.