Europe

ECB’s De Guindos Says Coronavirus Will Put Europe Into Recession

The adverse economic effects of coronavirus will push the European economy into a recession. But, the gross domestic product should rebound in the second half of the year. “I think the first half of the year will be very bad. Europe will enter a recession,” de Guindos said. “But I believe we will see growth […]

Netflix Limits Streaming Quality To Free Bandwidth

Netflix will reduce the speed and quality of its video streaming to help keep the Internet running smoothly in the EU at the request of the European Commission. The network is overloaded because it is being used more in Europe by citizens forced by their governments to not go to work and school and stay […]

VW To Close European Plants Amid Coronavirus Outbreak

The German automobile group Volkswagen will close its European factories for two to three weeks. The last shift in most operations will be this Friday, the concern announced. The automaker also warned that this year will be challenging. At the end of the week, production will stop at Spanish plants, in the Portuguese city of […]

Trump Restricts Travel From Europe

US President Donald Trump announced a 30-day ban on all travel to the United States from Europe except Britain. The restriction, meant to slow the spread of the coronavirus in the US, begins Friday at midnight. It applies to 26 European countries, including the Czech Republic. It does not affect US citizens and their immediate […]

France Fines Apple €25 Million For iPhone Slowdown

Apple has been fined € 25 million in France for deliberately slowing down older iPhone phones. The fine was imposed by the French Competition and Consumer Protection Authority (DGCCRF), according to which the firm had not sufficiently informed its customers of its action. In 2017, Apple confirmed that the performance of older iPhones was limited […]

Trump Sacks EU Envoy Over Impeachment Testimony

Gordon Sondland, the US Ambassador to the European Union, has been recalled by President Trump. The move is widely seen as retaliation against Sondland for his testimony during the impeachment hearings. The diplomat announced on Friday that Trump decided to terminate his mission immediately. The information came after the firing of White House NSA Alexander […]

agrofert andrej babis
EC Delivers Czech Translation Of Agrofert Subsidy Audit

The European Commission delivered a Czech translation of an audit into Babis’ conflict of interest. The Czech Permanent Representation to the EU received the report on Structural Funds subsidies to Agrofert. Petr Janousek, a spokesman for the Czech representation, said The Ministry for Regional Development has the document. Therefore the 60 day period the Czech […]