European Press Roundup: The U.K.'s Uncertain Trade Deals, and Deutsche Bahn's Financial Woes
January 18 2019 - 8:44AM
Dow Jones News
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
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(END) Dow Jones Newswires
January 18, 2019 08:29 ET (13:29 GMT)
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