Despite growing concerns over fallout from the Trump administration’s trade barriers, Gap Inc. on Thursday joined other retailers in reporting profit growth for the most recent three-month earnings period. Revenue at the San Francisco-based apparel chain grew 7.5 percent to $4.09 billion for the quarter that ended on June 30. Net income rose 6.6 percent […]
Brussels, City of Spies…
Forget Vienna and Berlin. There’s another big nest of spies in Europe: Brussels. Suspicions among EU officials that the U.K. spied on them to obtain sensitive Brexit plans made headlines in Britain last week. But for many in the Brussels bubble, spying on both friends and foes is simply business as usual. For some foreign […]
Belgium: New Round of Brexit Talks Begin in Brussels…
British Brexit Secretary Dominic Raab is visiting Brussels Aug. 21-22 for Brexit talks with the European Union’s chief Brexit negotiator, Michel Barnier, the Financial Times reported Aug. 21. The European Union and the United Kingdom are expected to discuss the latest British proposal for the terms of a future relationship with the European Union. A […]
European Catholic Bishops Meet to Plan Pro-Immigration Media Offensive…
European Catholic Bishops and delegates responsible for the Pastoral Care of Migrants arrived in Stockholm on Friday to discuss how best to combat negative media on mass immigration. The title of the three-day summit, “A movement of humanity: the flow of migrants and news. Dialogue and communication for a culture of encounter,” highlights the media-based […]
EU Spent a Trillion Dollars of “Cohesion Money” Seeking Unity: Where’s Is It?…
The European Union has spent nearly one trillion dollars to unify the continent by delivering highways and trains into places where there were once gravel paths. In current dollars, that is over eight times the size of the Marshall Plan that rebuilt Europe after World War II. The EU has built airports and bridges, trams […]
EU Steels Itself with New Tariffs Aimed at Protected Domestic Industry…
The European Union has announced that it will impose tariffs on steel imports into the bloc as part of its response to the US imposition of tariffs on steel and aluminum products. The measures are not just retaliatory, but a way to help shield the EU’s market from a glut of steel heading to the […]
Some Thoughts on the EU’s Latest $5 Billion Google Antitrust Fine…
As was widely expected, earlier today, the EU Commission brought down its latest antitrust fine against Google, this time for an eye-popping $5 billion. The number gets the attention, but it’s worth looking at the underlying details here. This was the result of a two year investigation, specifically into certain bundling practices that Google used […]
EU President Donald Tusk Threatens U.S. President Trump: “appreciate your allies, after all you don’t have that many”…
Stunningly confrontational remarks today from EU President Donald Tusk as U.S. President Trump and First Lady Melania arrive in Brussels for a NATO summit. After destroying nationalistic Brexit plans for the U.K. to exit the European Union, the insufferable arrogance of the EU surfaces with pontificating snark. The EU might feel emboldened right now, but […]
Boris Speaks: ‘May Deal Will Make Britain an EU Colony’…
EU Threatens $300 Billion Retaliation If U.S. Moves Ahead With Auto Tariffs…
More than a week after President Trump threatened to slap a 20% tariff on auto imports from the European Union, Brussels has issued a written warning to the US Department of Commerce with a threat of its own: If the Trump administration moves ahead with the auto tariffs, the bureaucrats in Brussels won’t hesitate to […]
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