europe Archives - Page 2 of 3

Tech costs beat regulation, cyber as worries for financial services execs

June 15, 2015 publisher attention, berlin, cloud-computing, europe, hedge-funds, international, new-technology, playa-vista, rules-expected, sap, second-only, seen-as-slow, steal-market, willis

IT costs came second only to macroeconomic concerns such as the impact of quantitative easing, according to the survey by global risk adviser Willis of senior executives at 150 banks, insurers, reinsurers, asset managers, hedge funds and financial technology companies worldwide. “There is a rise of new entrants that are using new technology,” said Mary O'Connor, global head of Willis' financial institutions group. “Banks know they need to respond to that.” Banks and insurers have been seen as slow in responding to new technology, leaving the door open for newcomers to steal market share.

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‘Team Juncker’ ham for cameras to push EU digital market

May 6, 2015 admin 249-million, alastair, brussels, concerns, digital, europe, european, quarter-ended, really-get, rose-as-much, silicon-valley, wednesday, year-earlier

By Alastair Macdonald BRUSSELS (Reuters) – Can a bunch of graying politicians in Brussels really get with it and give Europe a revolutionary open market in digital technology? Jean-Claude Juncker and other EU executives poked fun at their own generation in an online video posted on Twitter on Wednesday to try and convince younger Europeans that they can.

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EU aims to cut sales tax on online newspapers: Juncker

May 6, 2015 admin 249-million, alastair, concerns, digital, europe, european, forward-draft, juncker, propose-cutting, quarter-ended, set-reduced, their-digital, wednesday

The EU executive will propose cutting the bloc’s sales tax on online newspapers, European Commission President Jean-Claude Juncker said on Wednesday, in a move that would bring them into line with print media. Addressing Germany’s newspaper publishers federation BDZV in Brussels, Juncker said the Commission would put forward draft legislation in the first half of next year to extend national governments’ right to set reduced rates of value-added tax (VAT) on newspapers to their digital versions

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EU antitrust case against Google based on 19 complainants: sources

April 24, 2015 admin case, companies, europe, expand-the-case, focus-on-price, illegal-uploads, its-preliminary, madonna, microsoft, picture, regulatory, statutory

By Foo Yun Chee and Eric Auchard BRUSSELS/BERLIN (Reuters) – The European Union's decision to take on Google last week stems from official complaints by 19 companies in Europe and the United States, including Microsoft and a number of small firms, people familiar with the matter said on Friday. The list of complainants in the European Commission's charge sheet, which includes companies not directly involved in the charges around Google's shopping service, would make it easier for the regulator to expand the case beyond its preliminary focus on price-comparison shopping sites. Being an official party to the case gives the companies an insider track on the regulatory proceedings as they will be able to get a copy of the detailed EU charge sheet and argue their case at a hearing of competition experts should Google ask for one.

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Russia cannot divide Europe over Ukraine, says German minister

April 16, 2015 creative europe, german-foreign, lithuania, member-states, minister-alexis, online, sanctions-over, will-continue

German Foreign Minister Frank-Walter Steinmeier said on Thursday Russia could not succeed in breaking European Union unity on sanctions over Ukraine by using strategies such as offering to remove trade embargoes against individual EU member states. There were such attempts and they were not successful,” he said in Lithuania, where concern about neighboring Russia’s intervention in Ukraine is especially acute

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Microsoft and Yahoo amend search deal

April 16, 2015 creative accessed-on-pcs, carol-bartz, companies, deadline, europe, lithuania, microsoft, more-control, online, steve-ballmer, the-companies, will-continue, yahoo

(Reuters) – Microsoft Corp and Yahoo Inc amended a 2009 search partnership, giving Yahoo more control over how search results are displayed on desktops and mobile devices. The 10-year search partnership, crafted by former Microsoft CEO Steve Ballmer and former Yahoo CEO Carol Bartz, allowed the companies to amend or terminate it after five years.

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Panasonic eyes doubling of airline Wi-Fi installation to meet demand

April 16, 2015 creative accessed-on-pcs, aircraft, berlin, carol-bartz, europe, global-eagle, keen-on-access, keep-passengers, microsoft, norwegian, online, steve-ballmer, victoria-bryan, yahoo

By Victoria Bryan HAMBURG (Reuters) – Panasonic Avionics says it will need to double the rate at which it installs Wi-Fi systems on aircraft to catch up with skyrocketing demand from airlines to keep passengers connected above the clouds. Airlines are rushing to install Wi-Fi on board, seeing not only an opportunity to meet demands from customers to be always connected, but also to make the most of advertising contracts from companies keen on access to this captive audience. Panasonic Avionics, part of Panasonic Corp, says it has won a 46 percent share of business for Wi-Fi systems since 2009, taking the lead over rivals such as OnAir, Gogo and Global Eagle's Row44

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Global business groups urge China to suspend bank IT rules

April 13, 2015 admin europe, harpercollins, japan, man-looking, obama, president, said-it-had, several-recent, singapore, united-states

By Krista Hughes WASHINGTON (Reuters) – Business associations from the United States, Japan and Europe told Chinese officials on Monday they still have “strong concerns” about bank information technology rules and urged Beijing to formally suspend them. The joint letter, from 31 trade associations, increases pressure over rules pushing China's state-owned banks to buy technology from domestic vendors, which the U.S. trade office has said could breach China's international trade commitments

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EU’s Oettinger expects decision on Google case in next few days

April 13, 2015 admin crowd, europe, european, event-organized, make-or-even, man-looking, oettinger, rules, search-giant, sidelines, the-sidelines, united-states, zenica

The European Union's digital commissioner Guenther Oettinger said he expects the European Commission to make a decision in a five-year investigation over whether Google has abused its dominant position in the next few days. “We have to make or even force platforms, search engines to follow our rules in Europe,” Oettinger said an event organized by engineering association VDMA on the sidelines of the Hanover Trade Fair.

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India’s IT services exporters whipped by currency headwinds

April 8, 2015 creative chances, diverging, europe, greenback-rose, quarter-earlier, revenue-growth, such-as-europe, the-diverging

By Patturaja and Murugaboopathy BENGALURU, April 8 (Reuters) – The dollar’s biggest quarterly rise against other major currencies since 2008 has undermined sales of India’s IT services firms in non-U.S. markets, including Europe, in what was already a seasonally slow period.