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French president lauds Europe as the ‘most attractive place’ for tech giants

“On Wednesday, the French leader said that while he was a firm believer in innovation, executives from some of the world’s largest tech companies had to make sure they contributed more to society” writes Sam Meredith for cnbc.com. Macron is currently spearheading efforts for Europe to adopt tougher regulations on digital companies. “China is over-regulated; everything is concentrated by the government … Innovation and smart regulation, that is the best way to be the most attractive place and this is here,” he added. Source: cnbc.com Share This:

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Instapaper to temporarily block European users, citing GDPR

“Popular bookmarking service Instapaper is temporarily closing off access to European users, as it buys time to adjust to Europe’s tough new data law” writes Johnny Lieu for mashable.com. The General Data Protection Regulation (GDPR), which comes into force on Friday, has tight requirements on how companies deal with personal data. Email unsubscription service Unroll.me, who has been mining inboxes for data to sell to third-parties for years, also announced it would make its service temporarily unavailable in Europe ahead of the GDPR.Businesses and companies who deal with European users…

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Uber expands insurance coverage for drivers across Europe

“The partnership expands on a scheme the two companies announced last year, offering French drivers insurance for medical expenses and accident cover” writes Ryan Browne for cnbc.com. Uber has teamed up with French insurer AXA to provide insurance protection for its drivers across Europe.The company said that the insurance products would cover drivers both when they are driving passengers around and when they are not. Source: cnbc.com Share This:

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Uber widens health cover in Europe as new CEO meets France’s Macron

“PARIS (Reuters) – Uber plans to offer all its European drivers an upgraded version of the health insurance it already provides in France in a drive to attract independent workers and fend off criticism over their treatment” writes Mathieu Rosemain for reuters.com. For severe accidents while working, drivers will receive up to 50,000 euros if they are left permanently unable to work.And “off-trip coverage” will include a single payment of 1,000 euros to men and women for the birth of a new child.The San Francisco-based taxi app, which tied up…

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Illegal online sales of endangered wildlife rife in Europe

“The online sale of endangered and threatened wildlife is rife across Europe, a new investigation has revealed, ranging from live cheetahs, orangutans and bears to ivory, polar bear skins and many live reptiles and birds” writes Damian Carrington for theguardian.com. All the specimens were species in which trade is restricted or banned by the global Convention on the International Trade in Endangered Species.The Ifaw researchers selected 327 of the adverts that appeared most clearly illegal and have shared the information with law enforcement authorities.Researchers from the International Fund for Animal…

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The Army’s Ironhorse Brigade is taking a new route to its station in Europe, and it’s another sign the US is preparing to fight on the continent

“That approach changed in early 2017, when the Iron Brigade arrived with tanks and armored vehicles for the first nine-month, back-to-back rotation” writes Christopher Woody for businessinsider.com. The Ironhorse Brigade’s arrival is the third back-to-back rotation the Army has pursued in order to have an armored brigade in Europe, where the US has been looking to bolster its armored presence.In January 2014, 29 Abrams tanks arrived in Germany, joining other armored vehicles there for what were to be short stints in small formations.Infrastructure issues — like bridges or roads not…

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Here’s the full text of Mark Zuckerberg’s big ‘sorry’ speech to Europe

“According to prepared remarks obtained by Business Insider, Zuckerberg will say “sorry” for not acting more responsibly with users’ data after 87 million profiles were leaked to Cambridge Analytica” writes Shona Ghosh for businessinsider.com. Facebook CEO Mark Zuckerberg agreed to travel to Europe this week to face questions from senior European politicians about the Cambridge Analytica data leak, and the social network’s attitude to privacy. Source: businessinsider.com Share This:

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With iZettle acquisition, PayPal looks to block Square’s overseas ambitions

“Twitter sparring aside, the deal indeed sets up a showdown between PayPal, worth $90 billion, and Square, worth around $22 billion” reports fastcompany.com. Last week, PayPal agreed to buy iZettle , known as the “Square of Europe,” for $2.2 billion in cash, making the deal the payments company’s largest acquisition to date.Bloomberg, in its write-up of the deal, used a picture of a Square checkout register, rather than iZettle’s copycat product—as Square was quick to note on Twitter. Source: fastcompany.com Share This:

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Futures News Oil 

Ryanair CEO says some airlines will not ‘survive’ the winter due to elevated oil prices

“Clearly $80 a barrel oil is going to bring casualties in Europe this winter,” Ryanair CEO Michael O’Leary told CNBC’s “Squawk Box Europe” Monday” writes Ulrich Baumgarten for cnbc.com. The Irish airline warned that elevated oil prices — and consequently fuel costs — would probably cause some of its regional peers to go bust in early 2019.Some of those airlines who couldn’t make money when oil was at $40 a barrel last year, I don’t think will survive this winter if oil remains up at these elevated levels,” he added. Source:…

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Europe, China, Russia discussing new deal for Iran: newspaper

“Under the 2015 deal, Iran agreed to curb its nuclear program in return for the lifting of most Western sanctions” writes Midwest Communications Inc for 95kqds.com. BERLIN (Reuters) – Diplomats from Europe, China and Russia are discussing a new accord to offer Iran financial aid to curb its ballistic missile development and meddling in the region, in the hope of salvaging its 2015 nuclear deal, a German newspaper reported on Sunday.The EU’s energy chief sought to reassure Iran on Saturday that the 28-member bloc remained committed to salvaging the nuclear…

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