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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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India's strong growth offers opportunities for Spanish firms, says PM Narendra Modi

India's strong growth offers opportunities for Spanish firms, says PM Narendra Modi

Wed, May 31, 2017

Prime minister Narendra Modi during his visit to Spain on Wednesday said that India's strong economic growth offers many opportunities for Spanish firms to invest in the country in fields of infrastructure, defence, tourism and energy, among others.

Cyber attack hits 200,000 in at least 150 countries: Europol

Cyber attack hits 200,000 in at least 150 countries: Europol

Sun, May 14, 2017

According to European Union's police agency Europol the cyber attack on Friday has hit 200,000 victims in at least 150 countries and the numbers may go when people return to work on Monday.

Britain set to lose 9,000 bank jobs as they plan to move due of Brexit

Britain set to lose 9,000 bank jobs as they plan to move due of Brexit

Mon, May 08, 2017

Last week Standard Chartered and JPMorgan were the latest global banks to outline plans for their European operations after Brexit.

Facing election defeat, France's Le Pen flip-flops on euro

Facing election defeat, France's Le Pen flip-flops on euro

Mon, May 01, 2017

Voter surveys show Macron winning next Sunday with 59-60 percent of the vote, and Le Pen`s plans to quit the EU and the euro are among the least popular policies in her protectionist, anti-immigration electoral platform.

EU to exclude financial services from trade deal with UK post-Brexit

EU to exclude financial services from trade deal with UK post-Brexit

Wed, Apr 26, 2017

An earlier version of the guidelines only said that future trade agreement should "not endanger financial stability in the Union and encompass safeguards against unfair competitive advantages

Emmanuel Macron takes step towards French presidency with win in first round of voting

Emmanuel Macron takes step towards French presidency with win in first round of voting

Mon, Apr 24, 2017

In a victory speech, Macron told supporters of his fledgling En Marche! (Onwards!) movement: "In one year, we have changed the face of French politics." He went on to say he would bring in new faces and talent to transform a stale political system if elected.

British PM May calls for an early election to strengthen Brexit hand

British PM May calls for an early election to strengthen Brexit hand

Tue, Apr 18, 2017

Prime Minister Theresa May called on Tuesday for an election on June 8, saying Britain`s opposition parties risked worsening her negotiating hand in divorce talks with the European Union by opposing her Brexit plan.

Turkey President Erdogan makes final push on referendum to tighten his grip on the country

Turkey President Erdogan makes final push on referendum to tighten his grip on the country

Sat, Apr 15, 2017

President Tayyip Erdogan appealed for support from Turkish voters in final campaign rallies on Saturday, the eve of a referendum which could tighten his grip over a country bridging the European Union and a conflict-strewn Middle East.

UK consumer spending grows at slowest rate in three years

UK consumer spending grows at slowest rate in three years

Mon, Apr 10, 2017

British consumer spending increased at the slowest annual pace in more than three years in the first three months of 2017, in a further sign that one of the economy`s main engines is losing steam as Brexit preparations begin, a survey showed on Monday.

European Union to lay out Brexit response, set negotiating priorities

European Union to lay out Brexit response, set negotiating priorities

Fri, Mar 31, 2017

Diplomats say they will reflect the 27`s previous insistence on a "balance of rights and obligations" -- notably that Britain will have less access to EU markets if it opts out of the bloc`s system of centralised rules and common budget contributions.

'No turning back' - PM May triggers 'historic' Brexit

'No turning back' - PM May triggers 'historic' Brexit

Thu, Mar 30, 2017

"The United Kingdom is leaving the European Union," May told parliament nine months after Britain shocked investors and world leaders by unexpectedly voting to quit the bloc. "This is an historic moment from which there can be no turning back."

Asia shares creep up to near 2-year peak, dollar firms

Asia shares creep up to near 2-year peak, dollar firms

Thu, Mar 30, 2017

Japan`s Nikkei stock index was down 0.2%, while Australian shares firmed, helped by gains in oil prices. Strong energy shares had helped the U.S. S&P 500 end higher overnight.

British PM May to fire starting gun on Brexit

British PM May to fire starting gun on Brexit

Wed, Mar 29, 2017

The prime minister, an initial opponent of Brexit who won the top job in the political turmoil that followed the referendum vote, will then have two years to settle the terms of the divorce before it comes into effect in late March 2019.

Asia stocks gains with dollar, sterling hit by Brexit woes

Asia stocks gains with dollar, sterling hit by Brexit woes

Wed, Mar 29, 2017

The Dow snapped an eight-day losing streak, its longest run of losses since 2011, in part as a survey showed consumer confidence surged to a more than 16-year high.

Qatar sees Brexit as chance to supply UK more gas: Minister

Qatar sees Brexit as chance to supply UK more gas: Minister

Tue, Mar 28, 2017

Qatar sees Britain`s exit from the European Union as an opportunity to boost supplies of liquefied natural gas to the world`s fifth-largest economy and is open to investing in British energy assets, Qatar`s energy minister said.

UK manufacturers urge PM May to drop threat of no Brexit deal

UK manufacturers urge PM May to drop threat of no Brexit deal

Mon, Mar 27, 2017

In the absence of a deal, trade between Britain and the EU would default to World Trade Organization rules and tariffs.

Leaving EU without deal would damage UK non-financial services

Leaving EU without deal would damage UK non-financial services

Wed, Mar 22, 2017

Airlines have called on the government to speed up plans for aviation because the deadline for preparing post-Brexit flight schedules is fast approaching.

Theresa May to trigger Brexit negotiations on March 29

Theresa May to trigger Brexit negotiations on March 29

Mon, Mar 20, 2017

British Prime Minister Theresa May will begin the official process of the UK's exit from the European Union (EU) on March 29, her spokesperson announced today. The UK's ambassador to the EU, Sir Tim Barrow, formally informed EU Council president Donald Tusk of the date this morning.

AT&T's $85.4 billion deal for Time Warner wins EU thumbs-up

AT&T's $85.4 billion deal for Time Warner wins EU thumbs-up

Wed, Mar 15, 2017

AT&T Inc has won approval from the European Commission for its planned $85.4 billion acquisition of Time Warner Inc, the No. 2 U.S. wireless carrier said on Wednesday.

UK Parliament passes Brexit bill

UK Parliament passes Brexit bill

Tue, Mar 14, 2017

This meant that the EU (Notification of Withdrawal) Bill passed the House of Commons without any changes.

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