European Press Roundup: Chinese-Owned TikTok Is Investigated in the UK; German Businesses Pledge $400 Million to Startups
03 July 2019 - 9:40PM
Dow Jones News
In Europe today, Brexit uncertainty slows the U.K. economy
sharply and Christine Lagarde wins support to become the next ECB
president. Read about the above topics on Dow Jones Newswires or
WSJ.com.
In Other Media...
Video-sharing app TikTok, owned by China's ByteDance, is being
investigated by the U.K. Information Commissioner's Office on
concerns that young children may be using it and seeing harmful
content. -Sky News
German family businesses will invest $400 million in startups
via the venture capital firm Eventures. Companies like retailer
Otto, supermarket chain Lidl and sports car maker Porsche
participated in the latest Eventures fundraising. -Handelsblatt
Private equity firm Advent International plans to invest EUR200
million into recently-acquired Spanish company Vitaldent to create
Spain's leading dental-services provider. In the long term, Advent
plans to take the company public via an IPO. -Cinco Dias
The insolvency administrator of German airline Germania is
asking 100 of the company's former pilots to pay a total of EUR1
million. The employees had received loans from the company during
their employment to pay for plane licenses. -Handelsblatt
Societe Generale's chairman has admitted during an interview
with the FT that the French bank has been too slow to cut jobs as
SocGec is struggling to regain investors confidence after a steep
drop in its share price. -FT
Austria will find it "de facto impossible" to reach its goal of
a 36% reduction in carbon emissions by 2030 with its current draft
for an energy and climate plan, putting the country at risk of
fines of up to EUR40 billion for violating EU climate targets,
according to scientists at the Climate Change Centre Austria. -Der
Standard
The Irish passport remains one of the most valuable in the
world, according to a new ranking by Henley and Partners Passport
Index. The ranking shows the U.S. and U.K. travel documents are
less powerful than they once were. The Republic of Ireland is
ranked in sixth place globally when it comes to passport power.
-The Irish Times
Write to Barcelona editors at barcelonaeditors@dowjones.com
(END) Dow Jones Newswires
July 03, 2019 07:25 ET (11:25 GMT)
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