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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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Brexit divorce deal: Indian-origin minister leads resignations in fresh jolt for Theresa May

Brexit divorce deal: Indian-origin minister leads resignations in fresh jolt for Theresa May

Thu, Nov 15, 2018

Minutes after Vara stepped down as Northern Ireland minister, Prime Minister May was hit by a bigger blow as her Brexit Secretary Dominic Raab resigned from the Cabinet saying he "cannot in good conscience" support the draft of the withdrawal agreement with the 28-member bloc.

EU executive conditionally approves Daimler, BMW car-sharing deal

EU executive conditionally approves Daimler, BMW car-sharing deal

Thu, Nov 08, 2018

The European Union`s competition authority said on Wednesday it had approved the plan of German luxury carmakers Daimler and BMW to combine their car-sharing businesses, subject to conditions.

Indian firms lagging on compliance of EU data protection rule: EY

Indian firms lagging on compliance of EU data protection rule: EY

Tue, Aug 14, 2018

Many Indian firms, including some of those with Rs 10,000 crore revenue, have been found to be lagging on compliance of European Union data protection rule, according to a survey conducted by advisory firm EY.

EU warns carmakers manipulating new emissions tests

EU warns carmakers manipulating new emissions tests

Wed, Jul 25, 2018

The EU`s new tests aim to better measure on-road emissions after regulators found Volkswagen`s rigging was only part of a much wider effort to manipulate laboratory test to show much lower pollution than vehicles emitted on roads.

Quitting EU could hit UK households by up to 960 pounds a year: report

Quitting EU could hit UK households by up to 960 pounds a year: report

Fri, Jul 20, 2018

The report by consulting firm Oliver Wyman focused on five different Brexit scenarios, where the size of the annual economic impact would vary between 245 and 960 pounds depending on whether the UK avoids EU tariffs.

European Union set to fine Google billions over Android issue: sources

European Union set to fine Google billions over Android issue: sources

Tue, Jul 17, 2018

The EU is set to fine US internet giant Google several billion euros this week for freezing out rivals of its Android mobile phone system, sources said, in a ruling that risks fresh tensions with Washington.

EU ready to open talks with US to fix trade row - Malmstrom

EU ready to open talks with US to fix trade row - Malmstrom

Thu, Jun 21, 2018

Describing the U.S. tariffs as "illegal" and contravening World Trade Organization (WTO) rules, Malmstrom said there was no option but to take retaliatory action to protect European interests and jobs.

EU to impose duties on U.S. imports Friday after Trump tariffs

EU to impose duties on U.S. imports Friday after Trump tariffs

Wed, Jun 20, 2018

The European Union will begin charging import duties of 25 percent on a range of U.S. products on Friday, in response to U.S tariffs imposed on EU steel and aluminium early this month, the European Commission said on Wednesday.

Iran oil payment route likely to be blocked from November

Iran oil payment route likely to be blocked from November

Fri, Jun 15, 2018

India will from November not be able to use European banks for making payments for crude oil it buys from Iran as US sanctions against the Persian Gulf nation take effect, senior officials said today, reports PTI.

US hits allies Canada, Mexico and the European Union with tariffs as trade war fears rise

Thu, May 31, 2018

US President Donald Trump announced the tariffs in March as part of an effort to protect U.S. industry and workers from what he described as unfair international competition. Temporary exemptions were granted to a number of nations and permanent ones to several countries including Australia, Argentina and South Korea.

Banks push back Bank of England rate forecasts after growth data shock

Banks push back Bank of England rate forecasts after growth data shock

Mon, Apr 30, 2018

Banks have pushed out their predictions for when the Bank of England will raise interest rates after data last week showed a sharp and unexpected slowdown in Britain`s economic growth.

EU and Mexico agree new free trade pact

EU and Mexico agree new free trade pact

Sun, Apr 22, 2018

Since its plans for a trade alliance with the United States were frozen after Trump`s election victory, the EU has focused instead on trying to champion open markets and seal accords with other like-minded countries.

What Donald Trump wants from Europe is still unclear, EU trade chief says

Fri, Mar 23, 2018

The European Union`s trade chief is unsure what US President Donald Trump wants in return for a permanent EU exemption from steel tariffs but she warned on Friday that she would resist pressure to cut EU duties on U.S. cars.

China vs US: After Donald Trump picks up trade weapons, Dragon sends fiery message

China vs US: After Donald Trump picks up trade weapons, Dragon sends fiery message

Fri, Mar 23, 2018

Alarm over Trump`s protectionist leanings mounted earlier this month after he imposed hefty import tariffs on steel and aluminium under Section 232 of the 1962 U.S. Trade Expansion Act, which allows safeguards based on "national security".

WhatsApp not to share British users' data with Facebook

WhatsApp not to share British users' data with Facebook

Thu, Mar 15, 2018

The European Union (EU) is introducing the GDPR in May to harmonise data privacy laws. Facebook-owned WhatsApp is reportedly working on a new data privacy option in compliance with the new legislation.

President Trump threatens to tax European auto imports

President Trump threatens to tax European auto imports

Sun, Mar 04, 2018

US President Donald Trump kept up pressure on trading partners on Saturday, threatening European automakers with a tax on imports if the European Union retaliates against his plan to slap tariffs on aluminium and steel. Trump`s tweet suggested he is refusing to yield to U.S.

WhatsApp working on GDPR data privacy option for users: Report

WhatsApp working on GDPR data privacy option for users: Report

Tue, Feb 13, 2018

As the European Union (EU) prepares to introduce the General Data Protection Regulation (GDPR) in May to harmonise data privacy laws, Facebook-owned WhatsApp is reportedly working on a new data privacy option in compliance with the new legislation.

EU wants to restrict single market access to UK

EU wants to restrict single market access to UK

Wed, Feb 07, 2018

The European Union (EU) wants to be able to restrict the UK`s access to the single market if there is a dispute after Brexit, according to a leaked document.

Disorderly Brexit would renew pressure on Britain credit rating: S&P Global

Disorderly Brexit would renew pressure on Britain credit rating: S&P Global

Mon, Feb 05, 2018

S&P cut Britain`s previously triple-A rating by two-notches to AA with a negative outlook, after the mid-2016 Brexit vote.

British PM's key adviser quits over Brexit

British PM's key adviser quits over Brexit

Sat, Dec 30, 2017

Adonis, who was appointed as her infrastructure adviser in 2015, said May was "pursuing a course fraught with danger" over the UK`s EU departure, the BBC reported.

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