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Microsoft's OpenAI investment could trigger EU merger review

Microsoft's OpenAI investment could trigger EU merger review

Tue, Jan 09, 2024

The European Commission said it's “checking whether Microsoft's investment in OpenAI might be reviewable” under regulations covering mergers and acquisitions that would harm competition in the 27-nation EU.

Adobe terminates $20 billion deal to buy rival Figma amid regulatory headwinds

Adobe terminates $20 billion deal to buy rival Figma amid regulatory headwinds

Tue, Dec 19, 2023

“Adobe and Figma strongly disagree with the recent regulatory findings, but we believe it is in our respective best interests to move forward independently,” said Shantanu Narayen, chair and CEO, Adobe.

EU agrees law to hit fossil fuel imports with methane emissions limit

EU agrees law to hit fossil fuel imports with methane emissions limit

Wed, Nov 15, 2023

The law will now be put to the European Parliament and EU countries for final approval. That step is usually a formality that waves through pre-agreed deals.

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USA, EU, UK agree to remove selected Russian banks from SWIFT; what will be its impact?

USA, EU, UK agree to remove selected Russian banks from SWIFT; what will be its impact?

Sun, Feb 27, 2022

The United States, European Union and United Kingdom agreed to block "selected" Russian banks from the SWIFT global financial messaging system and to impose "restrictive measures" on its central bank.

French anti-trust watchdog fines Google 500 mn euros - Here is why

French anti-trust watchdog fines Google 500 mn euros - Here is why

Tue, Jul 13, 2021

Last year, the French competition authority ordered that Google must negotiate deals with news organisations to show extracts of articles in search results, news and other services

EU fines Volkswagen, BMW 875mn euros for emissions cartel

EU fines Volkswagen, BMW 875mn euros for emissions cartel

Fri, Jul 09, 2021

The European Commission (EC) on Thursday fined German carmakers Volkswagen and BMW a total of 875 million euros ($1.036 billion) for colluding to curb the use of emission cleaning technology in diesel cars.

EU-US summit seeks to end trade disputes

EU-US summit seeks to end trade disputes

Wed, Jun 16, 2021

The European Union (EU) and the United States held their first summit in seven years on Tuesday as US President Joe Biden was on his first overseas trip since taking office to revamp the transatlantic ties

EU regulators begin closer scrutiny of $2.1bn Google-Fitbit deal

EU regulators begin closer scrutiny of $2.1bn Google-Fitbit deal

Sat, Jul 04, 2020

The EU regulators have asked rivals whether the Google-Fitbit deal will disadvantage fitness tracking apps hosted in Google`s Play Store.

European Union, Britain clash over a post-Brexit trade deal

European Union, Britain clash over a post-Brexit trade deal

Tue, Feb 04, 2020

The European Union and Britain clashed over a post-Brexit trade deal on Monday, with the two sides setting out very different visions of a future relationship. Britain officially left the EU almost three days ago

Sovereignty comes first: Britain lays out tough stance for EU trade talks

Sovereignty comes first: Britain lays out tough stance for EU trade talks

Mon, Feb 03, 2020

Britain laid out a tough opening stance for future talks with the European Union on Sunday, saying it would set its own agenda rather than meeting the bloc`s rules to ensure frictionless trade

Singapore trade deal to boost EU's presence in SE Asia

Singapore trade deal to boost EU's presence in SE Asia

Wed, Nov 20, 2019

A free trade agreement between the European Union and Singapore will put EU-based businesses closer to one of the worlds fastest-growing consumer markets.

UK PM Johnson loses majority in parliament after lawmaker defects to Liberal Democrats

UK PM Johnson loses majority in parliament after lawmaker defects to Liberal Democrats

Tue, Sep 03, 2019

British Prime Minister Boris Johnson lost his working majority in parliament on Tuesday when one of his Conservative lawmakers defected to the pro-European Union Liberal Democrats.

Cambodian PM says China ready to help if EU imposes sanctions

Cambodian PM says China ready to help if EU imposes sanctions

Mon, Apr 29, 2019

Cambodia benefits from the EU`s "Everything But Arms" trade scheme which allows the world`s least developed countries to export most goods to the EU free of duties.

Blow to Google, Facebook as EU approves tougher copyright rules

Blow to Google, Facebook as EU approves tougher copyright rules

Tue, Apr 16, 2019

Under new copyright rules aimed at ensuring fair compensation for the European Union`s $1 trillion creative industries, which employ 11.7 million people in the bloc, Google will have to pay publishers for news snippets and Facebook filter out protected content.

US proposes tariffs on $11 billion of EU products

US proposes tariffs on $11 billion of EU products

Tue, Apr 09, 2019

The WTO found that the subsidies have an "adverse impact" on the US, reports said. "This case has been in litigation for 14 years and the time has come for action."

G20 must tackle root causes of trade tensions that threaten growth: EU

G20 must tackle root causes of trade tensions that threaten growth: EU

Sat, Apr 06, 2019

"The international community has to tackle the root causes of the ongoing trade tensions by ensuring a level playing field for open and free trade in goods and services, investment and intellectual property rights," the joint EU statement said.

European Union drags India to WTO over import duties on ICT products

European Union drags India to WTO over import duties on ICT products

Wed, Apr 03, 2019

The European Union (EU) Tuesday said it has dragged India into WTO's dispute settlement mechanism over imposition of import duties on certain ICT product, including mobile phones, alleging breach of global trade norms.

EU fines Google $1.7 billion for unfair online ad rules

EU fines Google $1.7 billion for unfair online ad rules

Wed, Mar 20, 2019

The European Union`s antitrust regulators on Wednesday fined Google 1.49 billion euros ($1.7 billion) for abusing its dominance in the online search market by blocking rivals.

European Union rules Italian bank rescue legal in blow to antitrust watchdog

European Union rules Italian bank rescue legal in blow to antitrust watchdog

Tue, Mar 19, 2019

After the dispute with Brussels over the rescue of Tercas, Italian authorities intervened to help four other small banks in 2015 and then saved larger Banca Monte dei Paschi di Siena and two smaller north-eastern Italian banks in 2017.

GDPR Violation: Facebook, Apple, Twitter face EU probes .

GDPR Violation: Facebook, Apple, Twitter face EU probes .

Sat, Mar 02, 2019

Since the application of the GDPR, the DPC has seen a significant increase in the number of complaints received. Between May 25 and December 31, 2018, 2,864 complaints were received by the DPC.

EU warns UK Prime Minister Theresa May for her demand to reopen Brexit deal

EU warns UK Prime Minister Theresa May for her demand to reopen Brexit deal

Wed, Feb 20, 2019

Reinforcing the message, EU Commission President Jean-Claude Juncker made it clear that he had little hope that something fruitful would emerge during his evening with UK Prime Minister.

German industry views Brexit, Trump as biggest risks to growth and prosperity

German industry views Brexit, Trump as biggest risks to growth and prosperity

Wed, Dec 26, 2018

The German economy, Europe`s largest, is expected to post its weakest growth rate in many years in 2018 as exporters are facing headwinds from abroad. But vibrant domestic demand means many companies are still able to expand business.

Brexit impact: Britain's retail sector axed 150,000 jobs in 2018

Brexit impact: Britain's retail sector axed 150,000 jobs in 2018

Mon, Dec 24, 2018

And more gloom is forecast next year as retailers continue to struggle in anticipation of Britain's departure from the European Union. "While parliament is obsessed with Brexit, business rates and low growth are killing the high street," said Professor Joshua Bamfield, who is director of the CRR consultancy.

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