All Eyes on Google

Google is in for an awakening, according to The New York Times. The European antitrust officials are preparing to slap Google with a record fine by the end of August. Margrethe Vestager, the EU’s competition chief, is in the final stages of ruling on the case. In addition to a fine of at least $1.2…

Could Luxembourg Be the Next European Financial Center?

With the UK making plans to leave the EU trade bloc, many European countries are vying for the chance to be the financial center of choice for the EU. Here, Luxembourg’s finance minister Pierre Gramegna discussed why his country is ready to take on this role.  

Swedes Moving to Portugal

It’s always fascinating to see where people flock to for fun and relaxation. Swedish baby boomers and retirees are heading to Spain, where at the moment there are almost 100,000 permanent residents from Sweden. But beyond Spain, Swedes are setting their sights somewhere else surprising – and that’s Portugal. The number of Swedes in Portugal…

Eastern European News

Should Ireland Make an Exit Soon Too?

This article is worth reading, as it argues that Ireland should exit, as England has done. As the author states, “Behind the charade of a “unified stance” on Brexit is a deeply divided EU with competing national agendas which have been whipped into a facile unanimity. The pressure not to break ranks is huge. In…

Staples Selling Its European Stakes

Staples has announced that it will be selling a controlling stake in its European business to the private equity firm Cerberus Capital Management LP. They will sell it for 50 million euros ($53.65 million). The European unit for Staples includes retail, contract and online businesses that are in 16 countries. They generate an annual sale…