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EU Governments Object to Money Laundering “Blacklist”
March 07, 2019
Politico reports that EU member states are set to block a “blacklist” requiring European banks to perform “enhanced due diligence” of their transactions in identified countries with allegedly lax treatment of money laundering, as the EU governments question the efficacy of the process through which the countries on the blacklist were chosen.
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BoE Chief Revises Forecast of No-Deal Brexit Impacts
March 07, 2019
Bank of England (BoE) Governor Mark Carney has announced that the BoE has revised its forecasts of the negative economic impacts of a no-deal Brexit, testifying before a House of Lords committee that UK and EU preparations for such a scenario have likely reduced the severity of its influence on economic growth.
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News Report Suggests Massive Tariff Reduction in No-Deal Brexit
March 07, 2019
Sky News reports that the UK Department for International Trade is prepared to roll back tariffs on 80 to 90 percent of goods imported to Britain in the case of a no-deal Brexit, leaving in place duties only on a narrow set of goods such as cars and various kinds of agricultural and textile products.
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UK Offers Vote on Alignment with EU Labor Standards
March 07, 2019
The BBC reports that the UK government has indicated it will give the country’s Parliament the opportunity to vote on legislation that would keep Britain tied to EU labor standards after Brexit.
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Google Warns EU Lawmakers on Copyright Proposals
March 07, 2019
Google’s Senior Vice President of Global Affairs Kent Walker has warned EU lawmakers of potential unintended consequences of strict copyright standards placing greater responsibility on internet companies to police the content on their platforms, including the overblocking of content and reduced traffic on news websites.
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