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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 effect: JLR to benefit from weak pound, says Tata Motors' CFO

Brexit effect: JLR to benefit from weak pound, says Tata Motors' CFO

Sun, Sep 04, 2016

"JLR's revenue, more than 80% comes (from) outside the UK from Europe, China, the US, and other markets. We do source about 40% to 50 %of our components from the EU. Therefore, if you take a combination of these, JLR over a time would benefit from a continued weaker pound as a result of the Brexit," Tata Motors Group CFO C Ramakrishnan told analysts.

What Brexit? Jaguar Land Rover's outlook stable this fiscal

What Brexit? Jaguar Land Rover's outlook stable this fiscal

Sun, Sep 04, 2016

Fitch said that the success of its entry models into new segments, especially the Jaguar XE, and the initial indications for the F-PACE, along with maintaining robust profitability, positive free cash flow and a strong financial profile, are considered instrumental as it transitions to become a higher-volume premium manufacturer.

EU’s tax allegations have no basis in fact or law, says Apple Inc's Tim Cook

EU’s tax allegations have no basis in fact or law, says Apple Inc's Tim Cook

Wed, Aug 31, 2016

Written in response to the hefty tax bill amounting to $14.5 billion that Apple Inc would need to pay to European Commission, CEO Tim Cook fought back with an open letter on Tuesday.

Brexit could be delayed until late 2019, report says

Brexit could be delayed until late 2019, report says

Mon, Aug 15, 2016

Britain`s departure from the EU could be delayed until late 2019 as civil servants struggle with the task and French and German elections may hold up the start of exit negotiations, a report said Sunday.

UK government to replace EU funding on farmers, scientists post Brexit

UK government to replace EU funding on farmers, scientists post Brexit

Sat, Aug 13, 2016

According to Chancellor Philip Hammond the move could cost up to 4.5 billion pounds (about $5.8 billion) a year. The Treasury will guarantee to back EU-funded projects signed before the end of this year, the BBC reported on Saturday.

Brexit impact: India's growth may dip by 60 bps, says Morgan Stanley

Brexit impact: India's growth may dip by 60 bps, says Morgan Stanley

Tue, Jun 28, 2016

Morgan Stanley said it expects the monetary policy to be more focused on mitigating liquidity tightness through open market operations.

David Cameron hails 'important partner' India in post-Brexit statement

David Cameron hails 'important partner' India in post-Brexit statement

Mon, Jun 27, 2016

He had announced his resignation in his first speech following the results of last week's referendum on Friday.

Will Brexit impact Indian exports?

Will Brexit impact Indian exports?

Mon, Jun 27, 2016

Federation of Indian Export Organisations on Indian Express reported, that India’s export will face pressure led by currency volatility post Brexit decision in the immediate future as both British Pound and Euro will depreciate, giving greater competitiveness to their products.

Asian stocks, pound falls in Brexit aftershocks

Asian stocks, pound falls in Brexit aftershocks

Mon, Jun 27, 2016

Asian stocks fell and the British pound tumbled more than 2 % in early trade on Monday as markets struggled to shake off deep uncertainty sparked by Britain`s decision to leave the European Union.

Brexit clouds horizon for Britain's airline industry

Brexit clouds horizon for Britain's airline industry

Sun, Jun 26, 2016

In concrete terms, passengers leaving or arriving in the United Kingdom will face new taxes, while British airlines will be slower to develop new routes.

From drinks to drugs to cars: Global business hit by EU vote

From drinks to drugs to cars: Global business hit by EU vote

Fri, Jun 24, 2016

World stocks headed for one the biggest slumps on record.

IMF calls for "smooth transition" after Brexit

IMF calls for "smooth transition" after Brexit

Fri, Jun 24, 2016

The Finance Minister of G7 countries and governors of their central banks said they respect the intention expressed today by the people of the United Kingdom.

Brexit impact: Why this is the right time to buy property in UK for Indian investors

Brexit impact: Why this is the right time to buy property in UK for Indian investors

Fri, Jun 24, 2016

"It is very likely that many more Indians will seek to invest there," JLL India Country Head and Chairman Anuj Puri said in a statement.

EU chiefs say Britain must leave 'as soon as possible'

EU chiefs say Britain must leave 'as soon as possible'

Fri, Jun 24, 2016

Cameron announced he would step down to make way for a new leader by October.

Great Britain chooses to dismantle itself

Great Britain chooses to dismantle itself

Fri, Jun 24, 2016

The European Union referendum results are out. Great Britain has decided it doesn’t want to stay within the European Union (EU). The ‘Leave’ camp got 17.4 million votes or 51.9% of the total votes. The problems, however, have just begun for the UK.

Brexit: ''Remain in EU'' vote takes lead, show British opinion polls

Brexit: ''Remain in EU'' vote takes lead, show British opinion polls

Thu, Jun 23, 2016

But the phone poll of 1,032 people on June 17-22 also underlined the confusion among voters as 11% of people said they were still undecided.

Brexit or not, India is going to be impacted

Brexit or not, India is going to be impacted

Thu, Jun 23, 2016

At this point, such an argument is mere speculation. A re-negotiation of the EU-UK agreement following Brexit would mean further uncertainty for India since a conflict of interest could arise, restricting UK from adapting certain deals with India.

Brexit can hit Indian businesses real hard

Brexit can hit Indian businesses real hard

Thu, Jun 23, 2016

Reserve Bank of India (RBI) issued a statement stating that it is keeping a close watch on the vote. It said, “Uncertainty about the poll outcome has resulted in some amount of turbulence in global financial markets, including in India. The RBI is maintaining a close vigil on developments, and will take all necessary steps, including liquidity support, to ensure orderly conditions in financial markets’.”

Brexit: Here's how the UK press is voting

Brexit: Here's how the UK press is voting

Wed, Jun 22, 2016

The Sunday Times and The Sun, which are also owned by media mogul Rupert Murdoch, have both backed an exit.

Billionaire George Soros predicts Brexit 'Black Friday'

Billionaire George Soros predicts Brexit 'Black Friday'

Tue, Jun 21, 2016

He estimated a drop for the currency of at least 15%.

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