European Press Roundup: The U.K.'s Uncertain Trade Deals, and Deutsche Bahn's Financial Woes

Date : 01/18/2019 @ 1:44PM
Source : Dow Jones News
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Quote : 38.98  -0.47 (-1.19%) @ 2:01AM
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European Press Roundup: The U.K.'s Uncertain Trade Deals, and Deutsche Bahn's Financial Woes

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In Europe today, markets are up slightly as tensions between the U.S and China appear to ease, with the trade-sensitive auto sector jumping nearly 2%. The top business story: Netflix reports rapid growth in non-U.S. subscribers. Read about the above topics on Dow Jones Newswires or WSJ.com.

 

In Other Media...

 

The U.K. government won't be able to sign deals replacing the EU's existing 40 trade agreements ahead of its March 29 departure from the bloc, according to an internal memo. This means the U.K. faces severe disruptions to trade if it leaves the EU without a formal divorce pact, as the existing trade deals would lapse without a transition period. -FT

 

Deutsche Bahn needs more financial support to improve its service and punctuality than originally anticipated, according to new estimates from the train operator saying it requires roughly EUR10.5 billion through 2023 for these improvements. -Welt

 

Dutch health-technology company Royal Philips plans to close its only plant in the U.K. in 2020 as part of a program to scale down its global factory portfolio, putting 430 jobs at risk. The company said it would have made this decision regardless of the outcome of Brexit negotiations. -BBC

 

French motorway operators have committed themselves to offering a 30% discount on toll fees for some motorists after French Transport Minister Elisabeth Borne pushed them to make a gesture addressing the so-called "yellow-vests" protesters' anger. -La Tribune

 

Spain's Merlin Properties has bought two buildings in Lisbon's Parque das Nacoes neighborhood for EUR112.2 million. The deal increases Merlin's footprint in Portugal by more than 100,000 square meters. -Jornal de Negocios

 

German Justice Minister Katarina Barley has criticized the makers of smartphone apps for failing to implement the EU's new data privacy law, the GDPR. Barley cites studies in which not a single app surveyed received a grade of "good" or "very good" for complying with the law, putting them at risk of receiving massive fines. -Handelsblatt

 

Workers from minority-ethnic backgrounds in the U.K. have to send out 80% more applications than white-British applicants to receive a positive response from an employer, according to a study from the University of Oxford. The survey found nearly no improvement in discrimination towards black Britons and those of south Asian origin in the labor market over the past five years. -The Guardian

 

Write to Barcelona editors at barcelonaeditors@dowjones.com

 

(END) Dow Jones Newswires

January 18, 2019 08:29 ET (13:29 GMT)

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