The sending of data outside the European Union (EU) goes against the region's rules and the ride-hailing company has now stopped doing so. Upon hearing the decision to fine the company, Uber spokesperson Caspar Nixon said that the DPA's decision was flawed and that the size of the fine was unjustified. Nixon went on to…
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The revised pact allows for a looser grip on economies by the EU regarding minimum requirements for reducing deficits and debt. This change will give European countries more time and incentives for public investments. The move is a significant reshaping of guidelines which haven't been altered in two decades. It provides EU member states struggling…
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As smaller businesses complained about being trampled in virtual space by the big names in tech, the DMA aims to level the playing ground to an extent. For instance, the Google and Apple operating systems are the top drivers in the mobile industry and charge a 30% fee for in-app purchases, which companies such as…
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The document states: We are making European financial market supervisory law fit for digitization and for complex group structures in order to ensure holistic and risk-adequate supervision of new business models. We need joint European supervision for the crypto sector. We oblige crypto asset service providers to consistently identify the beneficial owners. The coalition agreement…
Read moreAs of Friday evening, last week, Britain is finally out of the European Union, ending 47 years of membership. Some say that the time of uncertainty is over but the future poses even more questions. Officially, the end of January marked Brexit but it will not actually “kick in” until the end of 2020. There…
Read moreThe following article has been exclusively prepared for LeapRate by AETOS' analyst Ryan Chen. Introduction The turbulent situation caused by the 2016 Brexit referendum has carried over into 2019. The pound has not yet completely rebounded from the collapse triggered by the crazy referendum, and the process of Brexit appears more difficult than anyone expected,…
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It's been less than a month since JPMorgan Chase & Co.(NYSE:JPM)'s last $264 million SEC fine for corrupt hiring practices in Asia-Pacific region. Now JPMorgan's back in action, along with HSBC Holdings Plc (NYSE:HSBC) and Credit Agricole SA with a fine of a total of 485.5 million euros ($521 million) for rigging the Euribor benchmark as…
Read moreEducated during the 1970s at Cheltenham Ladies College, one of Britain's finest schools, Antigone Loudiadis played a leading role in assisting Greece's entry to the Eurozone at the height of her career, netting Goldman Sachs $500 million by disguising the country's debts to keep within the EU's strict Maastrict rules for membership
Read moreA summit due to be held today including European Union leaders with regard to the Greek debt crisis has been canceled at the last minute, whilst talks resumed at 9,00am GMT
Read moreAlexis Tsipras is looking at desperate austerity measures to keep Greece in the EU. If Greece leaves, the ECB and IMF will never receive any repayments on the 394 billion euro debt owed by Greece, however if it stays, the Greek population will likely go against any austerity measures, and the Syriza party may look for further bailouts from Europe
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