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The report was backed by the main parties in the European Parliament, including the conservatives and the socialists, and will be put to a vote of the whole assembly in coming weeks. To counter cross-border tax evasion and financial crime, the committee recommended the European Commission immediately starts working on a proposal for a European financial police force with investigative powers. The EU’s police agency Europol has limited powers and largely coordinates the work of national forces – when they are willing to cooperate unique cufflinks india.

The report, which is not binding but bears political weight, also called on EU states to set up a watchdog in charge of countering money-laundering in the bloc, after scandals at several EU banks in recent months unique cufflinks india. States have so far ignored European Central Bank calls to create such a body, fearing the loss of national competences. They have only agreed on a minor reform that would allow the European Banking Authority (EBA) to increase to a dozen the officials working on money-laundering, an overhaul the EBA’s incoming head deems insufficient..

FRANKFURT (Reuters) – Volkswagen said on Wednesday it had struck a deal with Microsoft to cooperate on cloud computing in China and the United States, as part of its drive to offer connected vehicle services across the globe unique cufflinks india. By allowing vehicles to tap Microsoft’s remote computer processors via the so-called cloud, Volkswagen can offer its customers personalized on-board media streaming, and make suggestions for parking and charging. Volkswagen will use its Automotive Cloud as the core of its vehicle and service data operations for its new ID electric cars which are due to hit showrooms in 2020, the carmaker said..

WASHINGTON (Reuters) – The Fed’s policy statements grew so complicated after the recession that standard gauges of readability suggested people needed four years of university or more to understand them. That is changing under the Fed’s new leadership, a Reuters analysis has found. Since Fed Chairman Jerome Powell took the helm in February 2018, statements have grown less complex and opening remarks at the central bank’s news conferences have become easier to follow unique cufflinks india. While the change in remarks reflects Powell’s effort to simplify the Fed’s communications, less complex statements appear at least in part to result from the central bank phasing out the exotic instruments deployed during and after the 2007-09 recession, including bond purchases and forward guidance on policy, and replacing them with more conventional tools..

While experts say more clarity might help reduce financial market volatility, some of Powell’s comments appeared to have had an opposite effect, a sign being plain-spoken also carries risks. In January, readers needed about three years of college to easily parse the Fed’s policy statement, according to the Reuters analysis, which used a standard readability index known as the Flesch-Kincaid grade-level formula unique cufflinks india. The formula calculates a text’s reliance on big words and long sentences. Reading-grade levels for Fed policy statements rose after the recession and peaked in late-2013 at around 20 – equivalent to a PhD – as the Fed detailed complex tools like purchases of government bonds and asset-backed securities..