Transatlantic News

Transatlantic News
14
Apr
New EU rules to help firms win legal redress against theft or misuse of their trade secrets were voted by Parliament on Thursday. MEPs ensured that freedom of expression and information will be protected and that the rules will not restrict the work of journalists.
“With one company out of every five a victim of theft of trade secrets every year, harmonisation should allow the creation of a safe and trustworthy environment for European companies, which will see their intangible...
13
Apr
The United States continued to be the European Union’s top trading partner in 2015, registering €619 billion or 18 percent of total EU trade in goods. China ranked second, with €521 billion or 15 percent of total EU trade in goods. Both the U.S. and China were well ahead of Switzerland and Russia, which ranked third and fourth for merchandise trade with the European Union.
The U.S. is the EU’s number one destination for exports and ranks second for imports...
13
Apr
The European Parliament is set to finalise more than four years of negotiations this week in Strasbourg when MEPs pass the legislation in the Civil Liberties Committee on Tuesday 12 April, followed by a vote by the full house on Thursday 14 April.
The overhaul concerns two pieces of legislation: a general regulation on personal data processing in the EU and a directive on data processed by the police and judicial authorities. Together, these make up the data protection package.
The...
12
Apr
The College proposes to introduce public reporting requirements for the largest companies operating in the EU and in tax havens. It also assesses progress by Greece to address deficiencies at external borders and discusses way forward on visa reciprocity.
Tax transparency: country-by-country reporting by multinationals
Fighting against tax avoidance and aggressive tax planning is a political priority for the European Commission. Since the beginning of its mandate, the Juncker Commission has pursued an ambitious agenda to ensure fair taxation, meaning that companies...
12
Apr
Citing the dramatically worsening steel market situation in all three countries, the governments of Canada, Mexico and the United States agree on the need for governments of all major steel-producing countries to make strong and immediate commitments to address the problem of global excess steelmaking capacity.
Officials of Canada, Mexico and the United States, along with North American steel company representatives, met in Mexico City on March 31 – April 1, for the North American Steel Trade Committee, where they reviewed...
11
Apr
Today's Action Plan is the first step towards a single EU VAT area which is equipped to tackle fraud, to support business and help the digital economy and e-commerce.
The European Commission has presented an Action Plan setting out ways to reboot the current EU VAT system to make it simpler, more fraud-proof and business-friendly.
The current VAT rules urgently need to be updated so they can better support the Single Market, facilitate cross-border trade and keep pace with today's digital...
11
Apr
In the fourth quarter of 2015, the business investment rate was 22.2% in the euro area, compared with 22.0% in the previous quarter.
The business profit share in the euro area was 40.0% in the fourth quarter of 2015, compared with 39.9% in the third quarter of 2015.
Full text available on EUROSTAT website
11
Apr
Would learning about the EU at school help to better understand what it is really all about? On Monday 11 April MEPs debate a non-legislative report calling on member states to have schools teach more about European issues to enable people to better engage with the EU. They will vote on it the following day. We spoke to report author Damian Drăghici, a Romanian member of the S&D group, ahead of the debate.
In your report you say that if...
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