WEDNESDAY, JANUARY 23, 2019 11 EU split over copyright overhaul S. Korea growth falls to AFP | Brussels, Belgium 2.7pc, slowest in six years Seoul, South Korea ivisions between EU coun- Dtries could delay or derail outh Korea’s GDP growth plans to overhaul copyright Sslowed to its weakest in six law, an ambition that has set years at 2.7 per cent in 2018, up a battle pitting media firms the central bank said yester- against internet giants like Face- day, as President Moon Jae- book and Google. in’s ratings fall amid concerns The European Parliament, the over the health of the world’s European Council and the Euro- 11th-largest economy. pean Commission had planned Public discontent over the to meet on Monday to agree on sluggish economy, especially a draft law, but scrapped the on relatively high youth unem- meeting at the last minute. ployment, has dragged Moon’s “We take note that the Coun- The debate is over the approval ratings below 50 per- Moon Jae-in cil needs more time to final - cent, down from the 80s he ise its position,” Commission size of the “snippet,” was scoring in May after his spokesman Margaritis Schinas such as how many first summit with the North’s squeezed by trade tensions told a press conference, refer- words it has, as well as Margaritis Schinas leader Kim Jong Un. between the US and the Asian ring to the body that represents over its originality. The 2018 growth figure was giant, the world’s top two member states. For example, should their content is reused on line divide. “We shall continue our down 0.4 percentage points economies. The Commission, the Euro- a story headlined by news aggregators like Google hard work as an honest broker from the previous year, the But GDP expanded 3.1pc pean Union’s executive arm, “3,000 killed in earth- News or social networks like to help the EU institutions, the central Bank of Korea said, and year-on-year in the last quar- proposed reforms in Septem- Facebook. council and the European Par- the weakest since the 2.3pc ter, the central bank said, led ber 2016 designed to modernise quake” be considered “On this provision, we were liament, to reach a deal as soon recorded in 2012. by government spending and copyright for the digital age. a simple matter of also not able to find a large ma- as possible,” Schinas said. South Korea’s export-driven construction and infrastruc- But it has sparked a battle be- fact, or should the jority among the member coun- Axel Voss meanwhile urged economy has been pressured ture investment. tween media and creators seek- effort made by jour- tries for one or the other of the Paris and Berlin to overcome by slowing growth in China, its Moon sacked his top two ing payment for online content nalists to report it be two options on the table,” one of their differences over the ex- biggest trading partner, where economic officials in Novem- against lobbyists defending the recognised? the sources said. emption for starts-ups and small expansion slipped to a 28-year ber, the finance minister and business model of the Silicon Like the European Parlia - businesses. low last year. his policy chief, and his chief Valley giants backed by internet not, said Axel Voss, the deputy ment, some want to exclude “Germany and France must The South has also been of staff left earlier this month. freedom activists. who is steering the legislation only hyperlinks while others now come to an agreement, Several EU countries -- includ- through parliament. want also to protect “snippets” which in my opinion can occur ing Germany, the Netherlands “Countries that were not in -- short news items that appear with some creativity and good and Italy -- on Friday blocked any way satisfied with the cop- on search engines, aggregators will,” Voss said. UBS annual profits jump to $4.9bn a council compromise text fol- yright reform took Germany’s and social media. If a deal is reached among Zurich, Switzerland lowing a long debate among the side. It’s of course very unfor- The debate is over the size of the three EU institutions, the the final quarter of that year, bloc’s 28 ambassadors. tunate,” Voss said. the “snippet,” such as how many European Council and then the but which were expected to be The stumbling block was over words it has, as well as over its parliament, meeting in full ses- wiss banking giant UBS saw mostly favourable beyond that. a provision that calls for You- ‘Neighbouring rights’ originality. sion, will have to sign off on a Sits net profits leap by al - Excluding the impact of Tube and other platforms to Another bone of contention For example, should a sto - final version. most five times last year to $4.9 changes in US tax laws, UBS better remunerate content cre- is a provision to create “neigh- ry headlined “3,000 killed in But time is running out as the billion (4.3 billion euros) de- net income for 2018 as a whole ators and force them to remove bouring rights” for media pub- earthquake” be considered a votes must take place before the spite “challenging conditions,” was still up by 25pc from the any pirated content. lishers, sources close to the talks simple matter of fact, or should elections to a new parliament in it said. UBS’ 2017 results were previous year. “I want to thank Germany wanted small busi- said. the effort made by journalists to May, when analysts fear popu- hammered by US tax reforms all UBS employees for a very nesses and start-ups to be ex- These would allow newspa- report it be recognised? list parties may increase their that forced banks that operate successful 2018 in overall chal- empt from the need to pre-fil- pers, magazines or news agen- Commission spokesman Schi- representation without sharing in the United States to book lenging conditions,” chief ex- ter content while France did cies such as AFP to be paid when nas pledged to try to bridge the the same zeal for reform. substantial one-time losses in ecutive Sergio P. Ermotti said. Michelin boosts female chefs in 2019 guide Paris, France asked in September 2017 for his below-par dish could cost him three-star restaurant Le Suquet his reputation had created un- n unprecedented number of to be left out of the 2018 guide. bearable pressure as a chef. Arestaurants run by female Michelin agreed, with the “You’re inspected two or three chefs won plaudits in the new company’s then brand manager times a year, you never know French edition of the Michelin Claire Dorland Clauzel telling when,” he said in 2017. food guide released Monday, as AFP: “It is difficult for us to have “That means that every day the guardians of haute cuisine a restaurant in the guide which one of the 500 meals that leaves sought to address a glaring gen- does not wish to be in it.” the kitchen could be judged.” der imbalance. Bras spent the following year “Maybe I will be less famous, Eleven female-led restaurants rustling up inventive French but I accept that,” he said of have been added to the 2019 cuisine at his restaurant in the dropping out of the Michelin guide to the best food in France, town of Laguiole, in the rural guide. out of a record 75 new additions Aveyron region, without wor- bestowed with one, two or three rying whether it was meet- Michelin stars. ing Michelin’s exacting Among them was 24-year-old standards. wunderkind Julia Sedefdjian, But on Monday the who won a star for her new res- 47-year-old said he was taurant Baieta, while Stephanie “surprised” to see the res- Le Quellec claimed her second taurant back in the guide, for Parisian restaurant La Scene. with two stars. The guide’s new international “This contradictory deci- director Gwendal Poullennec Italian-Argentinian chef Mauro Colagreco (C-L) and French Laurent Petit (C-R) celebrate on stage after they were awarded sion has left us with doubts, had promised to breathe new three Michelin stars during the Michelin guide award ceremony in Paris even if in any case we no life into its pages this year, cel- longer worry about either ebrating young talent as well as Annecy. Veyrat, known as much for the stars or the strategies female chefs. “I’m delighted to have won a his trademark wide-brimmed of the guide,” he said. A large number of interna - third star with endive roots and black hat as his love of moun- Bras took over the tional chefs are also honoured -- a cabbage tart. Simple, simple, tain herbs, said he was “terribly kitchen at Le Suquet many of them Japanese -- while simple,” he said. disappointed” that his restau- from his father Michel Argentine Mauro Colagreco be- KNOW WHAT In one of the biggest shocks, rant the Maison des Bois had a decade ago. came the only foreigner to cur- renowned Alpine chef Marc been downgraded. “I can’t un- The elder Bras had rently hold three stars in France. Veyrat lost his third star, along derstand it at all,” said Veyrat, held three Michelin “So many emotions. Thank with the Auberge de L’Ill, a res- blasting the decision as “unfair”. stars since 1999, and you! I’m so honoured,” said the Eleven female-led taurant in Alsace that had held his son said that 42-year-old, whose Mirazur restaurants have been three stars for 51 years. Unwanted stars knowing a single restaurant on the glitzy French added to the 2019 “It’s hard for the team, it’s A chef who shocked the culi- French chef Sebastien Riviera ranked fourth last year guide to the best food hard for everyone -- the cus - nary world in 2017 by renounc- Bras poses as he works on the World’s 50 Best Restau- tomers, the family,” its chef Marc ing his Michelin stars was mean- in the kitchen of his rants list. in France, out of a re- Haeberlin told France 3 Alsace while stunned to find himself three-star Chef Laurent Petit meanwhile cord 75 new additions television. back in the prestigious guide restaurant praised the feared Michelin re- bestowed with one, “I don’t know how to explain for 2019. Le Suquet, viewers for having “the sense” two or three Michelin this loss,” said Haeberlin, whose Sebastien Bras had cited the in Laguiole, to award him a third star for stars. family has run an inn in Alsace “huge pressure” that came with southern Le Clos des Sens restaurant in for 150 years. Michelin recognition when he France