Brexit has come and gone and means the introduction of a whole new arrangement that’ll have to be phased in due course between the UK and EU. Border control is one of the points that has become crucial in discussions to ensure that the trade deal in place is not only effective but leaves all…
Tag Archives: Brexit
Enterprise Ireland has cautioned that 2020 will be very challenging for many Irish exporters due to the outbreak of Covid-19 and Brexit. The government agency responsible for the development and growth of Irish companies in global markets said that Irish companies trading internationally have been impacted in every market due to the global nature of…
The European Court of Justice has rejected a key EU tool used to transfer Europeans’ personal data across the Atlantic for commercial use. However, it upheld the validity of another tool used by hundreds of thousands of companies to transfer data worldwide. The court ruled that Privacy Shield, the EU-US data protection agreement, is invalid,…
The euro zone economy will drop deeper into recession this year and rebound less strongly in 2021 than previously thought, the European Commission forecast today, with France, Italy and Spain struggling the most due to the Covid-19 pandemic. The EU executive said the 19 nation single currency area would contract by a record 8.7%…
The downturn in euro zone manufacturing was not as bad as initially thought last month after more economies in the bloc eased restrictions imposed to quell the spread of the coronavirus. Over 10 million people have been infected by the virus globally and more than 500,000 have died. This lead governments to impose lockdowns and force…
Lending to euro zone companies continued to surge in May as firms relied heavily on bank credit to stay afloat amid the continent’s coronavirus-related lockdown, data from the European Central Bank showed today. With millions of people in stuck at home and much of the bloc’s economy mothballed, activity came to a standstill in March…
France said a US decision to quit global talks on how to tax big digital firms such as Google, Amazon and Facebook was a “provocation”. This comes as the European Union said it could impose taxes even if no deal was reached by the end of the year. The latest trade row was ignited after the…
European passenger car sales slumped in May but the drop was not as sharp as in the previous month because of an easing of restrictions imposed to contain the coronavirus pandemic, industry data showed today. In May, new car registrations dropped by 56.8% to 623,812 vehicles in the European Union, Britain and the European Free…
The combination of Brexit uncertainty in late 2019 and the COVID-19 strict lockdown restrictions in early 2020 have harmed the property industry. Prices have continued to nosedive from February. The implementation of COVID -19 lockdown regulations saw a gradual drop in economic activity with associated job losses. As a result of this, the residential property…
The European Commission has proposed a recovery fund of €750 billion, which it says is designed to repair the economic damage caused by the coronavirus pandemic. According to European Commission President Ursula von der Leyen, the money would be disbursed via grants and loans, with the commission using the EU budget as leverage to raise…