Articles about Eurozone

London stock exchange, photo via Shutterstock

London Stock Exchange's German mega-merger: It's a go, despite Brexit

The London Stock Exchange takeover by its German competitor Deutsche Boerse (aka the "Merger of Equals") should still be going forward despite Brexit, but a planned vote by their respective shareholders throws another wildcard into how job cuts are shared between London and Frankfurt. The £12bn deal, announced in March, is due …
Dominic Connor, 04 Jul 2016
EU egg timer, photo via Shutterstock

Why you should Vote Remain: Bananas, bathwater and babies

Comment I like this tweet: History of Europe: War War War War War War War Arguments about bananas. To be honest, I'll probably go with banana arguments. #remain — Pavilion Opinions (@pavilionopinion) 29 April 2016 Never mind any arguments about the UK being sucked into a superstate and whether that's a good thing or the …

EU set to bin €500 note

The European Central Bank (ECB) will likely agree today to stop production of the meaty €500 note, which has long been considered a handy tool for criminals wishing to do illicit transactions with cash wedges of manageable dimensions. According to the Wall Street Journal, the ECB's Governing Council will decide not to produce …
Lester Haines, 04 May 2016
European commission photo via Shutterstock

Europe is spaffing €20bn on handouts for tech

Sketch Europe's dreams may be sinking like the Titanic, but wait: there’s €20bn of taxpayer’s cash swilling around for tech handouts. So we found at yesterday's Digital4EU shindig. “There’s a lot of money with a digital label on it – over €20bn,” said Luciana Tomozei, policy advisor at the European Investment Bank. This comes via …
Andrew Orlowski, 26 Feb 2016

How Twitter can see the financial future – and change it

Scottish financial trader James Alan Craig has been charged in the US with allegedly using Twitter to manipulate share prices. That charge raises a fascinating question: can Twitter be used to fiddle the stock markets? According to the US Department of Justice, the 62 year old, from Dunragit in Dumfries and Galloway, caused …
Costas Milas, 10 Nov 2015
Diane Keaton and Woody Allen in Sleeper

The Emissionary Position: screwing the motorist the European way

Feature Everyone has heard about the diesel emissions scandal surrounding Volkswagen, but finding out what really went wrong and who is to blame is not so clear cut. John Watkinson considers the culprits: mechanical, political and virtual. Diane Keaton and Woody Allen in Sleeper Wait! Don't give your filthy VW the push, the trail …
John Watkinson, 11 Oct 2015
management regulation2

Slurp data in a Eurozone country? Play by their DPA's rules – EU court

Europe’s highest court ruled Thursday that if a company is operating in a particular country and targeting residents of that country for business, then it IS subject to that country’s data protection rules. The Weltimmo case hinged on the question of jurisdiction for data protection issues. Weltimmo is a Slovakian company …
Jennifer Baker, 01 Oct 2015
A garden gnome depicted stretched out across picnic table... with a pipe in one hand while the other props him up. Has a confrontational look in his eye...

So Quantitative Easing in the eurozone is working, then?

Worstall @ the Weekend Much as some of us love international biz editor Ambrose Evans-Pritchard over in The Torygraph, it is true that he can occasionally get a little bit excited about whatever it is that he's spotted. His latest revelation about how eurozone money supply is growing is a case in point. Evans-Pritchard is looking at this information …
Tim Worstall, 06 Sep 2015
Dyson DC37 vacuum cleaners

A Dyson car? Don't rule it out. We're suckers for innovation, says CEO

Dyson's chief executive has hinted at the British technology company's interest in entering the crazy world of automobiles. Known for its vacuum cleaners, hand dryers and digital motors, the company's chief executive hinted at Dyson's interest in cars in an interview with the Telegraph. Announcing its annual financial results …
BB_PLAYBOOK_RIM_DOWN_TOILET

Blighty tablet sales plunge 31 per cent in saturated market

The free fall descent of the tablet distribution market accelerated for the second quarter of 2015, with channel fondleslab sales plunging by 22 per cent to 2.3 million across Western Europe. Sales in the UK nosedived by 31 per cent to 410,100 units, according to the quarterly research on distribution sales compiled by analyst …
Kat Hall, 28 Jul 2015

So what the BLINKING BONKERS has gone wrong in the eurozone?

Worstall @ the Weekend A while ago, one of The Register's anonymous cowards posted a question about inflation. Can anyone explain why printing truckloads of money was the correct thing to do for UK and USA while restricting the money supply and austerity was the necessary [thing] for every other advanced country in Europe? Was it simply that all …
Tim Worstall, 26 Jul 2015
Sydney Harbour Bridge in the cloud

Microsoft to HIKE Azure prices as exchange rates shift

Update Over the last few years, Google, Amazon Web Services and Microsoft have all announced price cut after price cut, but Redmond is about to increase prices for its Azure cloud. A Microsoft spokesperson told us the company “... continues to evaluate the market conditions in the countries in which we operate. As a result, we will …
Simon Sharwood, 06 Jul 2015
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Lobbynomics: The EU’s digital dossier that doesn't add up

Analysis A key pillar of the EU’s “Digital Single Market” strategy has systemic flaws and EU officials should stop using it, say researchers who analysed the dossier. The IP Growth Index of the Lisbon Council think tank was prepared by council fellow Benjamin Gibert. But it is “a showcase of methodological blunder”, according to an …
Andrew Orlowski, 30 Jun 2015

So why the hell didn't quantitative easing produce HUGE inflation?

Worstall @ the Weekend There's two simple answers to the question of why quantitative easing (QE) didn't set off some massive burst of inflation (to answer commentard Gordon 10's question posted here). The first being that it did, the second being that some people, fortunately this time the people running the central banks, got their economics right …
Tim Worstall, 07 Jun 2015
BoxDEV 2015 in San Francisco

Why Box and not SharePoint? 'Everybody doesn't hate us' says Box engineering veep

BoxDEV Box announced a Developer Edition of its cloudy storage service at its developer conference in San Francisco this week. The name is misleading. This is not an edition for test and development, but rather a new type of Box account that lets you provision users within your application. The application calls the Box REST API to …
Tim Anderson, 24 Apr 2015

Martinwolf: The state of the tech industry in Q1 2015

Beginning this month, The Channel and martinwolf M&A Advisors are forming an editorial partnership to feature martinwolf’s commentary and analysis concerning the challenges and opportunities facing the IT industry. The organisation, exclusively focused on the IT industry, has completed more than 130 transactions and sold seven …
Martin Wolf, 15 Apr 2015
Raphael's School of Athens

C'mon! Greece isn't really bust and it can pay its debts

Worstall @ the Weekend As I write we've just got the latest news that Greece has been saved from default, bankruptcy, being thrown out of the euro and everything is going to be lovely for The Men Without Ties. Which is, of course, lovely, but there really wasn't quite as much to worry about as people seemed to think. It could, obviously, all have …
Tim Worstall, 01 Mar 2015
storm

This week it rained in San Francisco and the power immediately blew out. Your tech utopia

Opinion It's amazing what 12 hours of something can do. For Silicon Valley, and particularly San Francisco, half a day of heavyish rain that would be described "April, maybe early May," by many Scots Highlanders, has caused massive problems and highlighted again why the area is losing its edge. At about 0730 PT on Thursday, a blown …
Iain Thomson, 12 Dec 2014
BrickArms' Toy taliban figure

Ukrainian separatists threaten surge in *gasp*... dealers, PCs

Channels Forum 2014 The IT industry has pulled back from the brink of disaster but conflicts in Russia and the Middle East have the potential to push it back to the edge, resellers and distributors were warned today. Kicking off the Channels Forum conference in Cannes, Canalys CEO Steve Brazier declared the victory of the channel, the revival of …
Joe Fay, 24 Sep 2014

My big reveal as macro-economics analyst: It's a load of COBBLERS

Worstall @ the Weekend Welcome to the first Worstall at the Weekend, where I get to spout off on whatever I jolly well please: where the aim is to leave something at least potentially gravid with further thought and discussion rather than that sterile deposit one ends up with inside the barber's weekend supplies. Which brings us to the discussion of …
Tim Worstall, 24 Aug 2014

'Maximized minimalism' is Samsung's spiel for Galaxy S5 Mini

Samsung is shrinking its flagship Galaxy smartphone to produce a 4.5in S5 Mini handset, a trick it says represents "maximised minimalism". The South Korean giant said the Galaxy S5 Mini would sport the smaller screen size as part of an effort to expand the appeal of the Galaxy line to those turned off by the bulkier 5.1in …
Shaun Nichols, 01 Jul 2014

FORGET OUR PAST, 12,000 Europeans implore Google

A widely distributed report by Agence-France Presse quotes a Google official as saying 12,000 Europeans have asked the ad-slinging giant to omit some search results linked to their name. Of course, the web giant can simply ignore the requests, and send the complainants to information commissioners or the courts to deal with. …
Simon Sharwood, 02 Jun 2014
Night scene of bank station in central london

Blighty's top moneymen: Hackers are SLURPING CASH direct from banks

Several UK banks have suffered actual financial losses as a result of cyber-attacks in the last six months, according to a Bank of England study. The Bank of England’s latest Financial Stability Report, published on Thursday, reiterates warnings about the risk posed by hacking attacks made six months ago when Andrew Haldane, the …
John Leyden, 29 Nov 2013
The new Twitter logo. Pic: Twitter

Twitter mobs attack wrong celebrity Ian Watkins after child abuse case

A furious online hate mob has attacked Steps singer H after trying to launch a hate campaign against a different celebrity musician who pled guilty to a string of vile child sex offences. Lostprophet singer Ian Watkins was yesterday convicted of a number of hideous crimes, including the attempted rape of a baby. After the news …
Jasper Hamill, 27 Nov 2013
Red Hat Shadowman logo

Red Hat halves prices, blackens European skies with OpenShift PaaS

Red Hat has halved the cost of IT on its OpenShift platform cloud engine and expanded commercial support to cover 14 Eurozone countries. The upgrades to OpenShift were announced by the company on Monday to coincide with Amazon Web Services's "re:Invent" cloud show in Las Vegas. It sees the company slather the commercial "silver …
Jack Clark, 11 Nov 2013

Why a Robin Hood tax on filthy rich City types is the very LAST thing needed

Analysis The lovely thing about this year's Nobel Prize in Economics is that it entirely borks the case for a Robin Hood Tax - a levy on the financial sector's transactions, in other words. Not that the judging panel's decision will stop efforts to implement the tax; everyone's moved beyond intellectual arguments to instead howl in the …
Tim Worstall, 15 Oct 2013
Ingram Micro

Eurozone still the damp patch on Ingram's corporate pants

Distie juggernaut Ingram Micro rolled out a bumper set of sales growth numbers last night largely aided by acquisition. Yet poor trade in the Eurozone let the side down, remaining the blot on the profit and loss sheets. Revenues for Q2 ended 29 June were up 17 per cent year-on-year to $10.3bn, with the Brightpoint and Aptec …
Paul Kunert, 25 Jul 2013
The Register breaking news

Eurogeddon? Pah. UK banks are more terrified of hackers - big banker

Hacking attacks present a bigger risk to the operation of UK banks than problems caused by the ongoing eurozone crisis, according to a senior Bank of England director. Andrew Haldane, the BoE's director of financial stability, told parliament's Treasury Select Committee that representatives of Britain's top banks are telling him …
John Leyden, 13 Jun 2013

Steelie Neelie wants roaming charges gone by Easter 2014

Neelie Kroes, the vice-president of the European Commission with responsibility for its “Digital Agenda for Europe” has called for international roaming charges across the Eurozone to end from Easter 2014. Speaking last week before the European Parliament's Internal Market and Consumer Protection (IMCO) Committee, Kroes called …
Simon Sharwood, 03 Jun 2013
The Register breaking news

Has Europe finally passed Peak Disk?

Disk drive sales in the EMEA region have showed falls in both units and capacity according to research from Futuresource Consulting. HDD unit sales peaked in 2010 at 28.06 million units, falling to 25.91 million in 2011 and 21.48 million in 2012, a 17 per cent decrease between the latter two years. Mats Larsson, a senior …
Chris Mellor, 04 Apr 2013
The Register breaking news

Rubbish IT means DEATH for UK Border Agency, announces May

The UK Border Agency's hopeless IT systems are among the reasons why the Home Secretary Theresa May, in an unscheduled statement to MPs yesterday afternoon, confirmed that the UKBA will be axed. She told the House of Commons that the agency would be replaced with two entities: an immigration and visa service and a separate law …
Kelly Fiveash, 27 Mar 2013

Osborne slashes growth forecast by half in bleak economy statement

Budget Day 2013 Chancellor of the Exchequer George Osborne "levelled" with the British public today by admitting that the economy remains in the toilet as he slashed growth estimates. "We've got to go on making difficult decisions so that Britain can live within its means," he told Parliament. But his grim statement to the House revealed …
Kelly Fiveash, 20 Mar 2013
euros_channel_money

German reselling giant Bechtle breaks €2bn sales barrier

Bechtle leaped the €2bn sales barrier for the first time last year but soaring staff costs and weakened trade in southern Europe caused a decline in profits. Turnover at the efficient German-HQ'd reselling engine was up 5.1 per cent in calendar 2012 to €2.09bn. Sales in its home market grew nine per cent to €1.43bn but fell …
Paul Kunert, 15 Mar 2013
euros_channel_money

Pan-eurozone distie Exclusive Group sets eyes on €1bn prize

Exclusive Networks, a pan-European IT distie, has announced fat revenue growth of 30 percent in its annual report for 2012. The French company said its revenue of €279m (£240m) for the year gone beat expectations, and claimed it was up a third on 2011's revenue of €214m (£184m). Yearly profits were said to be up by 22 percent …
Anna Leach, 13 Feb 2013
The Register breaking news

Nokia shares $1.35bn EU graphene research grant

The EU has awarded a €1bn ($1.35bn) grant to the Graphene Flagship consortium in a ten-year project bringing academics and industrialists together to commercialize graphene, and hopefully spur economic growth. The grant comes from the EU's Future and Emerging Technologies (FET) program, which seeks to boost the introduction of …
Iain Thomson, 01 Feb 2013

Cameron's speech puts UK adoption of EU data directive in doubt

Opinion Cameron’s speech puts UK accession to any Data Protection Regulation and Directive in doubt. In yesterday’s speech on the relationship between the UK and the Europe Union, the Prime Minister raised doubts as to whether the UK will adopt both the proposed Data Protection Regulation and the Data Protection Directive in the field …

2012 in the channel: The year we sold EVERYTHING as a service

Few people would argue that this year has been one of very big highs and lows. From a personal perspective, 2012 will be remembered for the Olympics and Ryder Cup (great), weather (expletive deleted!) and the continued challenges of the economy, especially in the Eurozone. It’s been pretty interesting in the IT space too. We've …
Mike Rodwell, 17 Dec 2012
The Register breaking news

Frenchmen's sperm plunges by a third in quality and quantity since '89

The future of the French nation is in serious doubt if boffins don't get to the bottom of a serious decline in transmanche sperm production. According to the BBC, the sperm content of Gallic nut butter fell by 32.3 per cent between 1989 and 2005, while "the percentage of normally shaped sperm fell by 33.4 per cent". The …
Lester Haines, 06 Dec 2012
The Register breaking news

Dozen more cities to get ultrafast broadband cash in gloomy UK budget

Autumn Statement 2012 George Osborne promised 12 more UK cities £50m in funding to roll out ultrafast broadband during his mini-budget speech this lunchtime. He added that £1bn could be saved if public services were shifted online. The chancellor admitted to Parliament that he had fallen short of his deficit and debt cutting targets, but insisted …
Kelly Fiveash, 05 Dec 2012
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Think Xmas bashes in your biz are scary? Try partying with the Channel

Etiquette experts Debrett’s has extensive advice for how to negotiate the work Christmas party, including retaining one’s professional gloss and never doing anything one might regret in the morning. Debrett’s has never been to a channel Christmas party. But with a threatened Eurozone double-dip recession, limping distributor …
Steve Bell, 28 Nov 2012
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Kelway escapes Euro gloom, goes on sales-tax-free Asian adventure

With Europe back in recession, the prospect of markets where growth in IT spending is humming along at over 7 per cent surely sound enticing to anyone in the channel. Such markets can of course be found in Asia, which analyst firm Canalys said, at its recent APAC Channels Forum, deserves greater attention from the channel. If …
Simon Sharwood, 19 Nov 2012
The Register breaking news

Omnishambles beats off mummy-porn, becomes English word of 2012

The UK's new word of 2012 is "omnishambles", according to the Oxford English Dictionary's compilers. Selected from a list of several new words added to the gold-standard dictionary this year, omnishambles was chosen by lexicographers at Oxford University Press because it best reflects the mood of the past 12 months. It was first …
Anna Leach, 13 Nov 2012

'Cloud' services to bag $109bn in 2012

Even more folks are going to be seduced by the cloud this year, making the meteorological market a hundred-billion-dollar one, according to beancounters at Gartner. They reckon that the public cloud services sector will grow nearly 20 per cent this year to $106bn worldwide, as business process services in particular appeal to …

Global slowdown bites Japan's semiconductor crowd

There was more bad news for Japan’s beleaguered semiconductor industry on Thursday as it emerged the country’s big name chip suppliers were hit hard by a global slow down in the second quarter which saw worldwide sales plunge by over $2bn from the previous year, according to analysts. Bean counters at IHS iSuppli said global …
Phil Muncaster, 24 Aug 2012
European Union Flag

Rest of world catching Eurozone plague, warns Datatec

Economic malaise in the Eurozone is spreading to the global stage, channel behemoth Datatec has warned. Despite this, the parent of distributor Westcon and integrator-cum-managed-services-provider Logicalis said in an interim management statement that sales had risen across the group in the last four months. "Trading and …
Paul Kunert, 18 Jul 2012

Sage: Where's this double-dip disaster everyone's crying over?

Sage revealed the fragility of the Eurozone economy continues to give management sleepless nights as the recovery it touted didn't show up. Back home in Blighty, though, growth was described as good. The UK-based accounting software biz pushed up sales two per cent to £661.2m in the six months to 31 March. Pre-tax profits …
Paul Kunert, 16 Jul 2012
The Register breaking news

Eurozone crisis hits pay TV: Punters pick broadband over telly

As Norway's GET cable company puts up a "for sale" sign, it demonstrates that the pay TV scene in Europe is starting to realise a home truth – and it may take something as big as the Eurozone crisis to prove it – that pay TV is NOT as resilient as broadband, which continues to grow in the Eurozone. You cannot apply for a job …
Faultline, 15 Jul 2012

Quantum just can't seal the deals, slides deeper into red

Storage purveyor Quantum has blamed a weak Europe, and a failure to close large deals, for an estimated $19m loss in its quarter ended June 30. In a warning to Wall Street about the bad news, Quantum said it expects to bank revenues of $141m in Q1 of fiscal 2013, the lowest the company has taken for more than two years, and …
Chris Mellor, 10 Jul 2012
Caution tape

Global IT spending wrapped in caution tape

What's black and yellow and stings? Nope, not a bee: the global IT spending budget, tightly wrapped in crime-scene caution tape – that's the continuing prognosis from the economists and IT market watchers at Gartner. "While the challenges facing global economic growth persist – the eurozone crisis, weaker US recovery, a …
Redstone

Sluggish banking sector brings us down, moans Redstone

Managed services outfit Redstone made little progress on the sales front in fiscal 2012 ended 31 March – albeit in a stagnating market – but it did come closer to breaking even, according to prelims. Turnover at the firm edged up just £100,000 in the year to £67.2m and it made an EBITDA of £5.2m compared to £1.1m in the previous …
Paul Kunert, 04 Jul 2012