Tag: Europe

E.U. and U.K. Fight Over Covid Vaccines: ‘Solidarity Is Failing’

The European Commission is now demanding that AstraZeneca open up its production plans to scrutiny. In an internal document seen by The New York Times, the commission said that the European Union wants to know “which factory produced what and when,” a question that the bloc believes its contract entitles it to have answered. Britain […]

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Truckers Shun U.K. Ports to Avoid Brexit Red Tape

HOLYHEAD, Wales — Beneath swirling gray clouds, Bryan Anderson leaned from the cab window of his truck to vent his frustration at the new paperwork that had already delayed his journey through Britain’s second-largest ferry port by half a day. “It’s a nightmare,” Mr. Anderson said, explaining how he spent hours waiting at a depot […]

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E.U. and U.K. Fight Over Coronavirus Vaccines: ‘Solidarity Is Failing’

The European Commission is now demanding that AstraZeneca open up its production plans to scrutiny. In an internal document seen by The New York Times, the commission said that the European Union wants to know “which factory produced what and when,” a question that the bloc believes its contract entitles it to have answered. Britain […]

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Why Is Everyone Talking About Squatters’ Rights in Covid-Ravaged Spain?

Squatters versus landlords: the battle lines are drawn as this once-in-a-lifetime crisis threatens to create a whole new generation of olvidados.  Spain’s center-left government last week unveiled a controversial draft law that has incensed right-wing media pundits and political parties. The proposed law seeks to halt the eviction of squatters from the properties they have […]

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Novitec Presents Over-The-Top Ferrari F8 Tributo

Ferrari F8 Tributos are a rather exclusive ride already, and at $277,000 or thereabouts, it stands to reason. German tuning specialist Novitec ups the ante on the F8 Tributo, both in performance and appearance. What does Novitec do to the F8 Tributo to make it more desirable? For one, Novitec has devised performance kits that […]

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Coronavirus and Banking: Evaluating Policy Options for Avoiding a Financial Crisis

Yves here. This piece provides a solid, high-level discussions of what to do about the long-festering banking mess in Europe (see Nick Corbishley last week on Italian banks, for instance). Not surprisingly, the authors deem the approaches best able to remedy the problems as least likely to get done. By Arnoud Boot, Professor of Corporate […]

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Capitol Riot Puts Spotlight on ‘Apocalyptically Minded’ Global Far Right

BERLIN — When insurrectionists stormed the Capitol in Washington this month, far-right extremists across the Atlantic cheered. Jürgen Elsässer, the editor of Germany’s most prominent far-right magazine, was watching live from his couch. “We were following it like a soccer match,” he said. Four months earlier, Mr. Elsässer had attended a march in Berlin, where […]

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Jeep Wrangler 4xe ‘First Edition’ Coming To Select EU Markets

Buyers in select European markets can begin ordering the new Jeep Wrangler 4xe First Edition plug-in hybrid, using their dedicated local websites. Currently, you can only place orders in Italy, France, Germany and Switzerland, but Belgium, the Netherlands and Austria will soon follow. Order books for the Wrangler 4xe First Edition will stay open until […]

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Ukraine Ended Secret Government Spending. Vaccine Makers Now Demand It.

KYIV, Ukraine — After a revolution seven years ago, Ukrainians discovered that their ousted president had used public money to build himself a gigantic palace with a private zoo, a golf course and a garage full of antique cars. To prevent such corruption in the future, a raft of reforms were put in place including […]

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QOTD: VW Golf – Gonna Miss Me When I’m Gone?

VW today announced the end of the road for the Golf, after four decades, nearly 2.5 million sales, and seven generations of the venerable brand. The question is, will you miss the Golf when it’s gone? Don’t weep too long, as the 2021 Golf is still being produced in quantities that should last through the […]

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Rare Rides: The Incredibly Rare 1981 Monteverdi Safari, an International Delight

We’re back again with more Monteverdi today, and I’m determined the Rare Rides series will cover all of Monteverdi’s vehicular offerings. European design, American power, and Swiss attention to detail combined with very high prices to make all the company’s models Rare Rides. We’ve covered two earlier Monteverdi offerings previously, in the 1970 High Speed 375/4 sedan, […]

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Central Bank Machinations with No Exit: ECB Leaks New Thingy, It’s Doing Yield Spread Control

Yves here. Market-minded readers will take interest in Wolf Richter’s sighting of the latest ECB intervention strategy. However, I have to differ with Wolf on his claim that yield spread control by a central bank is unprecedented. The Fed attempted to do that in a clumsy way with QE and was explicit about it. It […]

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Ex-Aston Martin CEO Says The UK Needs To Build EV Batteries Or Local Auto Industry Will Collapse

Dr. Andy Palmer, the former boss of Aston Martin, says battery “gigafactories” need to be established in the UK or else the country may lose its automotive industry altogether. In a letter to British Prime Minister Boris Johnson and business secretary Kwasi Kwarteng, Palmer stated that the Brexit trade deal brings with it a risk […]

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Trump Bequeaths Biden an Upended World

This global cultural battle will continue because the conditions of its eruption — insecurity, disappearing jobs, resentment in societies made still more unequal by the impact of Covid-19 — persist from France to Latin America. The Trump phenomenon also persists. His tens of millions of supporters are not about to vanish. “Were the events at […]

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Stellantis Merger Now Playing at a Dealer Near You

Stellantis, the merger between Peugeot and Fiat Chrysler Automobiles, became effective on Saturday, January 16th. The world’s fourth-largest carmaker has emerged, a surprise to no one. For those of you who were wondering, Stellantis’ common shares began trading on Euronext in Paris and Mercato Telematico Azionario in Milan on Monday, while we were observing Martin […]

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Perhaps It’s Time to Start Worrying About Italy Again

The causes for concern surrounding Italy are growing, even as the ECB keeps a tight lid on its bond yields, pushing its debt servicing costs lower as its debt explodes higher. The Euro Area’s weakest link, Italy, is once again in the familiar grip of a political crisis. The trigger this time was a decision […]

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Trump Orders Lifting of Virus Travel Ban, but Biden Aides Vow to Block Move

WASHINGTON — President Trump on Monday ordered an end to the ban on travelers from Europe and Brazil that had been aimed at stopping the spread of the coronavirus to the United States, a move quickly rejected by aides to President-elect Joseph R. Biden Jr., who said Mr. Biden will maintain the ban when he […]

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Coronavirus Travel Ban: Trump Orders Lifting While Biden Aides Vow to Block Move

WASHINGTON — President Trump on Monday ordered an end to the ban on travelers from Europe and Brazil that had been aimed at stopping the spread of the coronavirus to the United States, a move quickly rejected by aides to President-elect Joseph R. Biden Jr., who said Mr. Biden will maintain the ban when he […]

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For One British Industry, Brexit’s Red Tape Is Just Beginning

For nearly a century the firm of Teal & Mackrill in the port city of Hull in northeast England has made paints for special applications, like fishing trawlers and factory floors. It produces marine paint, for example, with ingredients to prevent barnacles from encrusting hulls. Now in a little-noticed consequence of the new Brexit trade […]

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For Britain’s Chemical Industry, Brexit’s Red Tape Is Just Beginning

For nearly a century the firm of Teal & Mackrill in the port city of Hull in northeast England has made paints for special applications, like fishing trawlers and factory floors. It produces marine paint, for example, with ingredients to prevent barnacles from encrusting hulls. Now in a little-noticed consequence of the new Brexit trade […]

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How a Historian Got Close, Maybe Too Close, to a Nazi Thief

By the late 1990s, most of the Nazi art experts who helped loot European Jews were either dead or living quiet lives under the radar. Not so Bruno Lohse, who served as the art agent to the Reichsmarschall Hermann Göring, Hitler’s right-hand man. In 1998, Jonathan Petropoulos, a European history professor at Claremont McKenna College, […]

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Russia to Exit Open Skies Treaty, Escalating Rivalry With U.S.

Another complicating factor is that key members of Mr. Biden’s cabinet may not yet be confirmed by the Senate in time for the negotiation. The task of dealing with Russia, therefore, will most likely fall to Jake Sullivan, the incoming national security adviser, who does not require Senate confirmation. “I think our diplomats, before making […]

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What Does a More Contagious Virus Mean for Schools?

“When we look at what’s happened in the U.K. and think about this new variant, and we see all the case numbers going up, we have to remember it in the context of schools being open with virtually no modification at all,” Dr. Jenkins said. “I would like to see a real-life example of that […]

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Consumer Groups Target Amazon Prime’s Cancellation Process

LONDON — Those who have tried ending a membership in Amazon Prime, the technology giant’s digital subscription service, may be familiar with the multi-click process: warnings that cancellation will mean losing “exclusive benefits,” and prompts to reverse course, or switch to an annual membership instead. Consumer rights groups in Europe and the United States are […]

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