Bloomberg Around 1,000 European Union (EU) finance firms are expected to open their first offices in the UK after losing their passporting rights because of Brexit. Roughly two-thirds of the 1,500 money managers, payment firms and insurers that have applied for regulatory permission to continue operating in the UK previously had no physical operations in Britain, according to Financial Conduct ...

Bloomberg Europe’s consumer-facing companies face a critical choice for when the pandemic passes: should they exploit the expected pickup in business by raising prices? There’s likely to be a rush to hairdressers, restaurants and tourism agencies reopening when virus curbs end, fueled by pent-up demand and a hoard of cash accumulated after more than a year of forced saving. Some ...

Bloomberg The European Union (EU) unveiled several programs aimed at boosting the bloc’s civil, space and defense industries, including a low-earth orbit satellite infrastructure to rival Elon Musk’s Starlink network. The push will aim to provide reliable, secure and cost-effective connectivity for governmental and commercial communications, as well as high-speed broadband throughout Europe, the European Commission said on Monday. The commission ...