GBP News 

The U.K. is growing like France. Why does it get a bad rap?

“The European Commission forecast released last week predicted the U.K. economy would grow 1.3% this year and 1.4% next” writes Senior Writer for marketwatch.com. A hung parliament would raise the prospect of new chaotic debates on a possible Brexit deal.Even before it has happened, Brexit has already had an impact on the U.K. economy, because of the prolonged uncertainty of the past three years.Opposition parties will insist that Brexit has taken its toll on the U.K. economy, which is still facing significant uncertainties in spite of a deal Prime Minister…

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President says U.S. sanctions unable to bring Iranians to their knees 

“However, U.S. President Donald Trump abandoned the deal in 2018 and introduced the harshest ever sanctions in history against Iran” reports tehrantimes.com. On May 8, Iran decided to partially reduce its commitments to the JCPOA exactly one year after the U.S. violated the nuclear deal.This is not logical that we comply with the pact’s undertakings and you remain onlooker.” “That sir at the White House is shouting that the U.S. got screwed over in the JCPOA (nuclear pact). Source: tehrantimes.com

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EU’s Vestager says Apple Pay has prompted many concerns

“In an interview with Reuters last year, Vestager said she might investigate Apple Pay if there were formal complaints” writes Min Read for reuters.com. LISBON (Reuters) – Apple Pay has attracted regulatory scrutiny as a result of several expressions of concern about the U.S. tech giant’s mobile payment service, Europe’s antitrust chief said on Thursday.At least one party has gone to the European Commission with its grievance, two people familiar with the matter told Reuters. Source: reuters.com

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Farage-fronted group of MEPs unfairly treated over funds, court finds

“Nigel Farage has been handed a victory by the European court of justice, after judges found a political group he fronted had been unfairly treated over a demand to repay EU funds” writes Jennifer Rankin for theguardian.com. Pan-European political parties and groups can use EU funds for research and policy work, but not for campaigning in national elections and referendums. Source: theguardian.com

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European Union trims growth forecasts

“Despite slowing economic growth, the EU expects unemployment to continue its decline to 7.6% by yearend, compared with a May forecast of 7.7%” writes Emre Peker for marketwatch.com. The European Central Bank’s new president, Christine Lagarde, is looking to bridge divides over ultraloose monetary policies to revamp growth.Meanwhile, EU policy makers are at loggerheads over how to revive the stagnating eurozone economy.BRUSSELS–Europe’s economy is settling into a pattern of “subdued” expansion as global trade tensions weigh on the export-oriented bloc, the European Union said Thursday, slashing growth expectations and calling…

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News Regulators 

Alarmed by Libra, EU to look into issuing public digital currency: draft

“The social media firm said in June it planned to launch its Libra digital currency next year” writes Min Read for reuters.com. ECB board member Benoit Coeure said in September the bank should “step up” its thinking on a public digital currency.BRUSSELS (Reuters) – The European Central Bank should consider issuing a public digital currency, an EU draft document said, after plans by Facebook to introduce a private one met with a hostile response from global regulators.Digital currencies like Libra – also known as stablecoins – are usually backed by…

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European Union Drafts Law Suggesting Consideration of Eurocoin

“A draft document issued by the European Union suggests that the union should consider issuing its own digital currency” writes Adrian Zmudzinski for cointelegraph.com. More precisely, Reuters suggests that such a law could escalate into an EU regulatory campaign against cryptocurrencies. As Cointelegraph reported in a dedicated analysis in late September, Europe’s digital currency is being increasingly seen as an answer to Facebook’s Libra stablecoin.The draft prepared by the Finnish EU presidency also suggests that the European Central Bank should consider issuing its own digital currency: The draft will be…

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GBP News 

Our sketch writer on his three years of Brexit hell

“But good satire requires holding the powerful to account, and in the election campaign, truth will be at a premium” writes John Crace for theguardian.com. She mumbled “Brexit means Brexit” and “strong and stable”, committed herself to a hard Brexit and then lost her majority by calling a snap election.How this election campaign will end is anyone’s guess. Source: theguardian.com

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Poland broke EU law by trying to lower age of retirement for judges

“In June the ECJ found that a 2018 law to force the retirement of 40% of supreme court judges was in breach of EU law” writes Jennifer Rankin for theguardian.com. The European Union’s highest court has ruled that Poland broke the law when it sought to lower the retirement age for judges, in a further defeat for the country’s nationalist government.The court also objected to a provision in the 2017 law that empowered Poland’s justice minister to allow some judges to work beyond the statutory retirement age.Since taking office in…

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GBP News 

Boris and Corbyn Trade Brexit Barbs as UK Election Heats…

“Prime Minister Boris Johnson and his main rival, Labour Leader Jeremy Corbyn, traded blows over Brexit as the U.K. prepares to vote next month on which of the two men should lead it out of the European Union” writes Thomas Penny for yahoo.com. She threatened legal action against the broadcaster ITV on Monday after she was left out of its planned leaders TV debate during the election campaign.The party would not decide which side to support until the deal was done, but Corbyn says the whole process could be completed…

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