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Europe faces deep recession and UK will shrink by 10%, says EC

Gloomy forecast comes 10 days before EU leaders meet to discuss €750bn recovery planEurope is facing a deep recession in 2020, while the UK economy is forecast to shrink by almost 10% this year, the European commission has said.Brussels is forecasting an 8.3% drop in GDP for the 27 economies of the European Union in 2020 followed by a 5.8% rebound in 2021. The eurozone is forecast to contract by 8.7% this year, with 6.1% growth in 2021. Both are worse declines and weaker rebounds than the histor...
Tags: Europe, Business, UK, Economics, Eu, European Union, UK News, European Commission, Brussels, Eurozone, EC


OnlyFans could face a bill for three years' worth of unpaid taxes in the UK, reports say

OnlyFans could be hit with a bill for three years' worth of unpaid taxes, according to reports.  The content subscription platform has exploded in popularity under lockdown, with a reported 75% surge in signups under lockdown. It's become popular as a place for porn creators to cater directly to fans. The firm has started charging VAT on top of fans' monthly subscriptions, according to Sky News, with the company claiming the change is down to a new "interpretation" of the law.  The UK's tax au...
Tags: UK, London, Trends, Eu, Hmrc, Sky, Sky News, Zelda




The San Diego police's reported use of smart streetlights to gather evidence against protesters may turn the public against future smart-city solutions

To gather evidence relating to the protests that took place in June, the San Diego Police Department accessed the city's network of smart streetlights at least 35 times in the span of five days, according to The Voice of San Diego. San Diego's smart streetlight initiative — launched in 2016 through a partnership with General Electric, which provided a $30 million loan to fund the project — was originally intended to reduce energy costs and inform transit operations using anonymized data. The pu...
Tags: South Korea, China, Digital, US, Toronto, Trends, Eu, San Diego, Cctv, General Electric, Kevin Faulconer, San Diego Police Department, Mike Zeto, Alphabet s Sidewalk Labs, Voice of San Diego, Voice of San Diego San Diego


Elvira Gavrilova: Sustainable Approach Is A Business Booster

Elvira Gavrilova with the British businessman Glyn Hutchinson, the Sales Director of Icon Connet (London) Running one’s own business is a stress test very few can cope with. During the first year of work, 50% of companies go bust and after five years this number hits 95%! Only one out of one hundred startups succeeds. Eventually, neither a creative idea the business is based on nor financial contributions prove to be critical for survival. It is the equal distribution of efforts among productio...
Tags: Apple, Startups, Entrepreneur, Eu, Apple Inc, Others, Elvira, Samsung Samsung, Business Advice, Elvira Gavrilova, Glyn Hutchinson, Icon Connet London, Amillidius


Tim Cook, Mark Zuckerberg, Jeff Bezos, and Sundar Pichai will all testify before Congress in an antitrust hearing

Facebook's Mark Zuckerberg, Google's Sundar Pichai, Apple's Tim Cook, and Amazon's Jeff Bezos will all testify before Congress in an antitrust hearing in late July. The news was confirmed by Democratic Rep. David Cicilline of Rhode Island. Zuckerberg, Pichai, and Bezos had all reportedly been confirmed by mid-June, although Zuckerberg and Pichai said they would only testify if Cook did too. Cicilline's comments suggest Cook has now agreed to attend. Visit Business Insider's homepage for more ...
Tags: Apple, Google, Amazon, Facebook, Mark Zuckerberg, Cook, Congress, Trends, Eu, Bloomberg, Tim Cook, European Commission, Department Of Justice, Jeff Bezos, Rhode Island, Sundar Pichai


Inside China’s plan to lead the world in AI

China announced in 2017 its ambition to become the world leader in artificial intelligence (AI) by 2030. While the US still leads in absolute terms, China appears to be making more rapid progress than either the US or the EU, and central and local government spending on AI in China is estimated to be in the tens of billions of dollars. The move has led – at least in the West – to warnings of a global AI arms race and concerns about the growing reach of China’s authoritarian surveillance state. B...
Tags: Startups, China, US, Eu, Artificial Intelligence, West, Syndication, Neural


A team of advocacy groups is urging antitrust regulators around the world to take a hard look at the Google-Fitbit merger, saying the deal 'is not in the interest of citizens' (GOOG, FIT)

A letter signed by 20 consumer and citizen advocacy groups is calling on regulators to closely scrutinize Google's proposal to acquire Fitbit. The merger is still under review. European regulators have set a July 20 deadline to make a decision on whether they will allow it to go ahead. The letter's signees, which include the Omidyar Network and Public Knowledge, say they are concerned that the deal would be bad for competition. "Google's proposed acquisition is not in the interest of citizens,...
Tags: Google, Europe, Australia, Ebay, US, Trends, Eu, Brazil, Fitbit, Department Of Justice, Omidyar Network, Public Knowledge, DoubleClick, Pierre Omidyar, Omidyar Network and Public Knowledge, EU Canada Australia Mexico


Apple's developer war reignites after a yoga app says it was rejected from the App Store for refusing to auto-bill users

Yoga app Down Dog tweeted on Tuesday saying its most recent iOS update had been rejected by Apple. Apple's grounds for rejecting the update was that Down Dog didn't implement auto-billing on its free trials. Last month Apple faced rage and insurrection from developers after it rejected an update from email platform Hey over its rules on billing. Following the backlash, Apple said it would allow app developers to challenge its decisions. Visit Business Insider's homepage for more stories. Ano...
Tags: Apple, Google, Trends, Eu, Play Store, App Store, Apple Apple, Business Insider Apple, Down Dog


Americans officially banned from entering EU, at least for now

The European Union made an agreement on a list of 15 countries that could travel in its bloc from July 1st.Citizens of the United States, as well as Russia, Brazil and India, are not on it.The exclusion of the U.S. reflects concerns over its coronavirus surge. From July 1st, when its external borders will re-open, American tourists won't be welcome in Europe, decrees a new agreement from the European Union. The bloc decided on a list of 15 safe countries whose residents would be allowed to trav...
Tags: Travel, Health, Europe, Politics, Medicine, Congress, Cdc, China, Russia, India, Eu, European Union, Public Health, United States, Innovation, Epidemics


EU bans Pakistan national airline flights over pilot exam cheats

PIA will not be able to fly into the EU for at least six months because of doubts over validity of pilot licencesThe European Union’s aviation safety agency announced today that Pakistan’s national airline would not be allowed to fly into Europe for at least six months after the country’s aviation minister revealed that nearly a third of Pakistani pilots had cheated during their pilot’s exams.Pakistan International Airlines spokesman Abdullah Hafeez said PIA had not been flying to Europe because...
Tags: Europe, Business, Milan, Eu, European Union, World news, South and Central Asia, Pakistan, Airline Industry, Exams, Flights, PIA, Pakistan International Airlines, Abdullah Hafeez, Oslo Copenhagen Paris Barcelona


EU reopens its borders to 14 nations but not to U.S. tourists

By LORNE COOK BRUSSELS — The European Union announced Tuesday that it will reopen its borders to travelers f rom 14 countries, and possibly China soon, but most Americans have been refused entry for at least another two weeks due to soaring coronavirus infections in the U.S. Travelers from other big countries like Russia, Brazil and India will also miss out. As Europe’s economies reel from the impact of the coronavirus, southern EU countries like Greece, Italy and Spain are desperate to entice b...
Tags: Health, Europe, Business, News, La, China, Germany, Russia, India, Uncategorized, Eu, Spain, Sport, European Union, World news, Atlantic


Britain and Brussels turn on each other for prolonging City's uncertainty

Deadline to agree regulatory equivalence for financial services and allow business after Brexit likely to be missedBritain and Brussels have each accused the other of holding up a decision on the City of London’s ability to do business in EU markets from next year, prolonging the financial services’ state of uncertainty about the future.Both parties had agreed to complete assessments of the other’s regulatory regimes for financial services by Tuesday 30 June, with the expectation that they would...
Tags: Europe, Business, London, Eu, European Union, UK News, Financial Sector, Britain, Brussels, Brexit, Michel Barnier


Confessions of a CMO: A Fortune 500 chief marketer on whether boycott statements are just PR moves, if they'll really hurt Facebook, and why it's hard to quit the platform

A growing number of advertisers including Unilever, Coke, and Starbucks are saying they'll pull their ads from the platform to protest hate speech on the platform. Business Insider granted anonymity to a Fortune 500 marketer to speak freely about the situation. This marketer explained why they pulled ads from Facebook, how it's an internal struggle to do so, and if they think the current boycott will impact Facebook. Visit Business Insider's homepage for more stories. Facebook is facing a cri...
Tags: Facebook, Trends, Eu, Starbucks, Garm, Facebook Visit Business Insider, Global Alliance for Responsible Media, TikTok Amazon, Unilever Coke


Mark Zuckerberg's net worth dropped nearly $10 billion in just a week as an advertiser boycott sinks Facebook's share price. Here's how the CEO makes and spends his fortune.

Advertisers including Verizon, Honda, and Ben & Jerry's are boycotting Facebook over the social network's lack of hate-speech moderation. The boycott is sinking both Facebook's share price and CEO Mark Zuckerberg's net worth. Zuckerberg has a net worth of $82.3 billion, making him the fourth-richest person in the world. Zuckerberg drives an affordable car and wears basic clothes, but appears to splurge on real estate, buying houses and then buying the surrounding properties for privacy.  Zu...
Tags: Facebook, Mark Zuckerberg, Europe, Yahoo, Minneapolis, US, America, San Francisco, Trends, Eu, Bloomberg, Palo Alto, Harvard, Ford, Paris, Athens


10 things in tech you need to know today

Good morning! This is the tech news you need to know this Monday. The Washington Post reports that as far back as 2015 Facebook started altering its policies to accommodate Donald Trump. The Post's report relies on information from a dozen former and current employees plus previously unreported documents. . The stock plummet wiped $7 billion off CEO Mark Zuckerberg's net worth. .  The coffee shop chain will continue to advertise on YouTube however. . "There is much more to be done, especial...
Tags: Facebook, Mark Zuckerberg, Post, Spacex, Washington Post, Youtube, China, Singapore, US, Trends, Unilever, Eu, Bbc, Honda, Donald Trump, Black Lives Matter


Apple dictating countries’ contact-tracing app policies won’t help its EU anti-trust probe

There’s a growing problem with Apple’s role in the contact-tracing apps that countries are developing to help fight the coronavirus pandemic. This has been underlined by the UK’s announcement that its long-awaited NHSx app is being parked in favor of a different model recommended by Apple and Google. Apple is effectively dictating to governments the privacy levels that their contact-tracing apps must meet. Unless apps meet Apple’s requirements, they can’t get access to Bluetooth in the backgroun...
Tags: Apple, Google, Startups, Apps, UK, Tech, Eu, World, Google Apple, Syndication


EU narrows down border list, US unlikely to make the cut

European Union envoys are close to finalizing a list of countries whose citizens will be allowed to enter Europe again.
Tags: Europe, Finance, US, Eu, European Union, Article, Associated Press, FBN, Fbn/markets, Fox-business/markets/europe, Fox-business/lifestyle/travel, Fox-business/topic/coronavirus, 24e7a56a-8a42-5c8b-abc9-0bac4ce1ad54


The UK may be about to blow $600 million on the wrong satellites as it tries to solve losing access to the EU's satellite navigation system

The UK may be about to blow £500 million ($616 million) on the wrong kind of satellites as it seeks to solve the problem of losing access to the EU's satellite navigation system after Brexit. The UK is poised to take up to a 20% stake in collapsed satellite broadband provider OneWeb to create its own navigation system. But experts told The Guardian that OneWeb doesn't use the right kind of satellite for a navigation system and the idea was "nonsensical." London-based OneWeb didn't focus on sat...
Tags: Elon Musk, UK, London, US, Trends, Eu, Earth, Financial Times, University of Leicester, Galileo, StarLink, Bleddyn Bowen, Earth Jeffries, Giles Thorne


Europe to ban American travel as U.S. struggles to contain pandemic

The EU has slowed the spread of COVID-19 in most regions, while cases in the U.S. continue to grow.The U.S. is reportedly excluded from both lists of "accepted nations," but Secretary of State Mike Pompeo suggested the U.S. may reach an agreement with European officials.A ban on American travel would surely have political consequences for the Trump administration. The European Union is preparing to block Americans from traveling to member nations when borders begin to reopen on July 1.European ...
Tags: Travel, Health, Europe, Florida, Eu, European Union, United States, Innovation, Oklahoma, Donald Trump, Trump, State, Texas California, Pompeo, Disease Prevention and Control, Mike Pompeo


US threatens tariffs on EU beer, gin and olives

New taxes could be imposed on thirty EU goods as part of a long-running row about aircraft subsidies.
Tags: Business, US, Eu


The European fund that first backed Citymapper has raised $80 million — here's where it plans to invest the money in a post-pandemic economy

European seed investor Connect Ventures has raised $80 million for its third fund. Connect Ventures was the first investor into Citymapper, the popular transport app headquartered in the UK. Connect Ventures managing partner Sitar Teli says the fund looks at a wide range of startups but particularly focuses on digital health, consumer, enterprise software, and fintech. Teli said she is thinking about what consumer behaviors might "stick" after the pandemic, such as the shift away from gyms tow...
Tags: Europe, UK, London, Trends, Eu, Connect Ventures, Citymapper, European Investment Fund, British Business Bank, Sitar Teli, Hoxton Ventures, Fly Ventures, Bill Earner, Fiit, COVID, Teli


Tim Cook's plan to take Apple to a new frontier veers off script

Hello and welcome back to Trending, Business Insider's weekly look at the world of tech. I'm Alexei Oreskovic, Business Insider's West Coast Bureau Chief and Global Tech Editor. If you want to get Trending in your email inbox every Wednesday, just click here. This week: Tim Cook takes Apple to a new frontier Apple's leadership team reported for greenscreen duty on Monday as the iPhone-maker put on the first-ever virtual edition of its developers' conference. Tim Cook, Craig Federighi, and t...
Tags: Apple, Google, Facebook, Elon Musk, Trends, Eu, Intel, Nasa, Snapchat, Tim Cook, Reddit, Wisconsin, Silicon Valley, App Store, Sundar Pichai, Marc Andreessen


GDPR’s two-year review flags lack of “vigorous” enforcement

It’s more than two years since a flagship update to the European Union’s data protection regime moved into the application phase. Yet the General Data Protection Regulation (GDPR) has been dogged by criticism of a failure of enforcement related to major cross-border complaints — lending weight to critics who claim the legislation has created a moat for dominant players, at the expense of smaller entities. Today the European Commission responding to that criticism as it gave a long scheduled a...
Tags: Google, Startups, Facebook, Twitter, Europe, UK, Justice, France, China, US, Eu, European Union, Ireland, Commission, European Commission, Luxembourg


China finally completes its own GPS-like navigation system

Yesterday, China launched its 30th and last satellite to complete its own global navigation system BeiDou. The country started the program in the 1990s to launch the first phase. The latest satellite launch is part of the third phase of the program that began in 2015.  The launch was initially scheduled for June 16, however it was postponed for a week after technical difficulties. Yesterday, China’s space agency was able to successfully execute the liftoff with the satellite mounted on the Long ...
Tags: Startups, Space, China, Russia, US, Eu


Timber from unsustainable logging allegedly being sold in EU as ethical

Campaigners say some of the wood is going to companies supplying Ikea, though it and logging firm deny wrongdoingLaws to protect biodiversity in Ukrainian forests are failing to prevent environmentally unsustainable logging that is harming wildlife, and the resulting timber is being sold to EU consumers as ethical and sustainable, a green campaign group has alleged.Trees are being felled during silent periods, when forests are supposed to be left intact so that birds and other wildlife can nest ...
Tags: Europe, Business, Environment, Eu, World news, Retail industry, Ukraine, Trees and forests, Ikea, Logging and land-clearing


How will EC plans to reboot rules for digital services impact startups?

A framework for ensuring fairness in digital marketplaces and tackling abusive behavior online is brewing in Europe, fed by a smorgasbord of issues and ideas, from online safety and the spread of disinformation, to platform accountability, data portability and the fair functioning of digital markets. European Commission lawmakers are even turning their eye to labor rights, spurred by regional concern over unfair conditions for platform workers. On the content side, the core question is how to ba...
Tags: Startups, TC, Ecommerce, Europe, Government, Tech, Eu, Artificial Intelligence, Policy, Commission, European Commission, EC, Hate Speech, Platforms, Freedom Of Expression, Market Analysis


Apple will let app makers challenge its App Store rules after a week of developer backlash

Apple announced on Monday that it will let developers appeal if it rejects their app from the App Store. It will also let them challenge the store's policies more generally. The changes will arrive later this summer. Last week, Apple sparked a row with developers by rejecting an update from email subscription service Hey, which it said broke App Store policy on in-app payments. Apple is also facing an antitrust investigation in the EU over how it treats developers. Visit Business Insider's ho...
Tags: Apple, Trends, Eu, European Commission, App Store, Basecamp, David Heinemeier Hansson


Europe could face oil shortage in a decade, study warns

Report found production will decline faster than bloc is curbing reliance on fossil fuelsEurope could face a shortage of oil within the next decade, making the move to increase the use of low carbon energy even more urgent, according to a new report.The study has warned that oil production may fall faster than the EU’s reliance on fossil fuels, raising the risk of a looming oil supply crisis and severe market price shock. Continue reading...
Tags: Europe, Business, Oil, Eu, Opec, European Union, Oil and gas companies, Energy industry, Fossil Fuels


How Did Lisbon Become a World-leading Startup Hub?

Lisbon is fast being considered the California of Europe. And that’s not just because of its west coast setting and balmy climate — the city is getting increasingly competitive with Silicon Valley. International investors have been flocking to Portugal in their droves, with the number of foreign residents growing for four straight years, culminating in around 90,000 new residents in 2019. Many are heading to the Portuguese capital, with the 2018 Immigration, Frontiers and Asylum Report finding t...
Tags: Google, Europe, Business, California, Startup, Eu, Barcelona, Portugal, OECD, Porto, Sap, Mediterranean, Lisbon, Right Now, London Berlin, London Paris



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