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Latest Finance News related to European Commission

Vauxhall takeover by PSA given go-ahead image
Source : BBC [Read Article] Wednesday 5th of July 2017 03:53:20 PM
. The European Commission has given the go-ahead to the takeover of Vauxhall and Opel brands by France's PSA Group, maker of Peugeot and Citroen cars. ...
Sky-Fox takeover deal likely to face competition probe image
Source : BBC [Read Article] Thursday 29th of June 2017 04:12:56 PM
...."The Secretary of State must now begin Leveson part two immediately, and allow that inquiry to report before considering this merger further," he said. The deal was approved by European Commission competition authorities in April. ...
With politics turned on its head, Labour sticks to Brexit ambiguity image
Source : Guardian [Read Article] Sunday 25th of June 2017 01:05:57 PM
.... The problem they have is in explaining how this different Europe comes about, particularly given that the direction of travel for decades has been entirely in the opposite direction, towards a destination where budgets have to balanced, where countries have to deflate their way back to growth, where the nation state must bend the knee to market forces and competition and where neoliberal ideas hold sway. A Corbyn-led government could make a success of reform and remain, but only if it could win the support of the European Commission, the European Central Bank and a Council of Ministers, none of which are exactly awash with kindred spirits. ...
Street wars 2035: can cyclists and driverless cars ever co-exist? image
Source : Guardian [Read Article] Wednesday 14th of June 2017 06:00:19 AM
.... This includes the GATEway programme in Greenwich, which recently turned a section of bike path along the Thames into an AV shuttle lane. The European Commission has said it is “fully committed to a fast deployment of self-driving technologies”, citing the economic and safety benefits. ...
Taming the giants image
Source : BBC [Read Article] Thursday 8th of June 2017 11:38:02 PM
Security firm asks EU to investigate Microsoft image
Source : BBC [Read Article] Tuesday 6th of June 2017 01:43:21 PM
. Russian security software-maker Kaspersky has filed an anti-trust complaint against Microsoft with the European Commission. ...
Paradise in the Med image
Source : BBC [Read Article] Thursday 25th of May 2017 09:54:43 PM
.... That is a situation the Maltese company registry is all too familiar with. The fight against tax avoidance is one of the European Commission's main priorities - its president, Jean-Claude Juncker, recently had to explain his own conduct as prime minister of Luxembourg. ...
Portugal back to fiscal health, says EU image
Source : BBC [Read Article] Monday 22nd of May 2017 11:27:55 AM
. Portugal has become the latest bailed-out eurozone country to receive a clean bill of health from the European Commission after its budget deficit fell to 2% of GDP last year. ...
EU accused of anti-City 'protectionism' image
Source : BBC [Read Article] Monday 22nd of May 2017 08:19:45 AM
....EU financial services commissioner Valdis Dombrovskis is arguing that either the EU should have greater policing powers over euro-clearing in London or the business should relocate to the EU. The European Commission is set to rule on the matter next month. ...
EU fines Facebook over 'misleading' WhatsApp data claim image
Source : BBC [Read Article] Thursday 18th of May 2017 08:12:36 AM
....Facebook has been fined 110m euros (£95m) by the EU for providing "incorrect or misleading" information during its purchase of messaging service WhatsApp in 2014. The European Commission said Facebook had said it could not automatically match user accounts on its own platform and WhatsApp. ...
Greek economy sinks back into recession image
Source : BBC [Read Article] Tuesday 16th of May 2017 11:01:53 AM
...."Encouragingly, agreement between Greece and its lenders on reforms was agreed in early May," he said. "With EU creditors now expected to finally sign off on Greece's latest injection of rescue cash, the European Commission expects growth to bounce back to 2. ...
Cancer drug price hike company investigated image
Source : BBC [Read Article] Tuesday 16th of May 2017 10:54:18 AM
. The European Commission has launched an investigation into claims that drug company Aspen Pharma excessively increased prices of five life-saving cancer medicines. ...
EU countries to decide on Singapore trade deal image
Source : BBC [Read Article] Tuesday 16th of May 2017 09:52:08 AM
....The legal opinion at the European Court of Justice (ECJ) could delay progress towards a UK free trade deal with the EU during the Brexit negotiations. The European Commission negotiates trade deals on behalf of the EU. ...
German economic growth speeds up image
Source : BBC [Read Article] Friday 12th of May 2017 06:50:04 AM
....However, its relative strength has prompted concern in Brussels. In February, the European Commission said Germany's current account surplus - which measures the balance of goods, services and investments into and out of the country - was too big. ...
Sir James Dyson wins vacuum cleaners appeal at European Court image
Source : BBC [Read Article] Thursday 11th of May 2017 11:11:40 AM
.... . "The European Commission stepped outside their legal framework to make this test irrelevant and misleading to consumers. ...
Brexit could slash the price of a pint by 20p if pubs unleashed from Brussels' red tape image
.... But these policies are currently blocked by EU, with Brussels' rules barring preferential pub rates. The European Commission has failed to update its directive on excise duty since 1992. ...
EU outlines Brexit negotiating stance image
Source : BBC [Read Article] Saturday 29th of April 2017 07:59:40 PM
.... . Speaking after the summit, European Commission President Jean-Claude Juncker again stressed that separation talks could not run in parallel with talks on a future trade deal with the UK, backing the line taken by German Chancellor Angela Merkel as she arrived in Brussels. ...
RBS reports first quarter profit as turnaround continues image
Source : BBC [Read Article] Friday 28th of April 2017 06:26:06 AM
....RBS said in February it had found a potential escape from its seven-year hunt for a buyer. Instead of a sale, the government is applying to the European Commission to approve a new plan whereby RBS will put in place measures to boost the competitiveness of smaller British bank peers. ...
How disabled travellers still face discrimination by airlines image
Source : Guardian [Read Article] Monday 24th of April 2017 06:00:04 AM
.... BA told The Guardian that over the 12 months it had continued to seek a solution with Stevens and her lawyers “more than 426,000 people with reduced mobility travelled with us and we take their needs extremely seriously”. In 2006 the European Commission introduced regulations which require airports to provide temporary alternatives if mobility aids are lost or damaged. ...
Braced for Brexit image
Source : BBC [Read Article] Friday 21st of April 2017 08:44:19 PM
....In the UK, the main royalty collection society is PRS for Music. Its chief executive, Robert Ashcroft, says that the European Commission made a big difference with its Collective Rights Management Directive, which came into force in the UK in April last year. ...
Fox dumps star presenter Bill O'Reilly image
Source : BBC [Read Article] Wednesday 19th of April 2017 07:28:15 PM
....A concern for the Murdoch family is their pending $14bn (£11bn) deal to buy out satellite provider Sky, which is being scrutinised by British regulators. Earlier this month authorities with the European Commission cleared 21st Century Fox to acquire the remaining 61% of Sky that it does not yet own. ...
Fox News 'to drop host Bill O'Reilly' after harassment cases image
Source : BBC [Read Article] Wednesday 19th of April 2017 04:25:30 PM
....A current concern for the Murdoch family is their pending $14bn (£11bn) deal to buy out satellite provider Sky, which is being scrutinised by British regulators. Earlier this month authorities with the European Commission cleared 21 Century Fox to acquire the remaining 61% of Sky that it does not yet own. ...
RBS stake may be sold at a loss, chancellor admits image
Source : BBC [Read Article] Tuesday 18th of April 2017 11:01:26 PM
....When one-off charges were stripped out, the core business of the bank was making money, he added. The European Commission is examining government proposals that aim to spare RBS from being forced to sell off the Williams & Glyn branch network. ...
Sky's 21st Century Fox takeover cleared by Europe image
Source : BBC [Read Article] Friday 7th of April 2017 02:37:06 PM
. European Commission competition authorities have cleared 21st Century Fox to buy the 61% of broadcaster Sky that it does not yet own. ...
PM hints at help for diesel car owners over 'toxin tax' image
Source : BBC [Read Article] Wednesday 5th of April 2017 06:16:46 AM
....The government was forced to act by a High Court judge after losing a legal battle with lawyers ClientEarth. It came after the UK got a "final warning" on air quality from the European Commission. ...
RBS plan faces European Commission investigation image
Source : BBC [Read Article] Tuesday 4th of April 2017 03:42:35 PM
. Plans for the Royal Bank of Scotland (RBS) are to be scrutinised in an "in-depth investigation" by the European Commission. ...
London Stock Exchange-Deutsche Boerse deal blocked by EU image
Source : BBC [Read Article] Wednesday 29th of March 2017 09:24:57 AM
....EU regulators have blocked London Stock Exchange's £21bn merger with German stock exchange Deutsche Boerse. The European Commission said the deal would have created a "de facto monopoly" for certain financial services. ...
Dow and Dupont merger gets EU go-ahead image
Source : BBC [Read Article] Monday 27th of March 2017 12:10:59 PM
. The European Commission has given the go-ahead to the merger of US chemical giants Dow Chemical and DuPont. ...
New broom image
Source : BBC [Read Article] Friday 24th of March 2017 12:07:35 AM
....The smaller teams think this is deeply unfair and argue that because in F1, success is heavily linked to financial resources, it distorts the competition. In 2015, the Sauber and Force India teams lodged a formal complaint with the European Commission. ...
Apple 'paid no tax' in New Zealand for at least a decade image
Source : BBC [Read Article] Thursday 23rd of March 2017 09:09:46 AM
.... . However, the European Commission found the final tax paid by Apple amounted to a rate of less than 2%, which the Commission declared illegal. ...
Article 50: Theresa May to trigger Brexit process next week image
Source : BBC [Read Article] Monday 20th of March 2017 11:39:42 AM
....". Mr Tusk has previously said he expects to call an extraordinary summit of the 27 other members within four to six weeks, to draw up a mandate for the European Commission's chief negotiator, Michel Barnier. ...
Driverless cars 'could lead to complacency' image
Source : BBC [Read Article] Wednesday 15th of March 2017 12:00:42 AM
....Lorry platooning - where one HGV leads and makes the decisions for those behind that are wirelessly connected to form a road-train. The European Commission-funded Safe Road Trains for the Environment (SARTRE) has already trialled platooning on three motorway routes in northern Europe. ...
VW diesel compensation stalls in UK image
Source : BBC [Read Article] Monday 13th of March 2017 11:52:52 AM
....Nor does it have any plans to do so. However, efforts are now being made to force the company to change its mind, orchestrated by the European Commission. ...
21st Century Fox rejects Sky takeover bid concerns image
Source : BBC [Read Article] Thursday 9th of March 2017 12:59:32 AM
....A decision to intervene would not block the deal, but trigger an Ofcom assessment as well as a Competition and Markets Authority report to be considered by Ms Bradley. The European Commission could also choose to examine the deal if it has competition concerns. ...
Will the  diesel car you are driving today be worthless in five years’ time? image
....According to the government’s own estimates, air pollution causes 50,000 early deaths every year nationally – 9,000 a year in London alone. In February the European Commission issued a “final warning” to the UK government for repeated breaches of legal limits. ...
Sky takeover: Minister 'minded' to examine Fox takeover image
Source : BBC [Read Article] Friday 3rd of March 2017 12:54:43 PM
....This related to the need for those controlling media enterprises to "have a genuine commitment to attaining broadcasting standards objectives". The proposed deal has also been lodged with the European Commission, which would examine competition concerns if the case was referred by Ms Bradley. ...
London Stock Exchange 'working hard' on Deutsche Boerse merger image
....The London Stock Exchange has said it is continuing to "work hard" on its planned merger with Deutsche Boerse. Earlier this week, the LSE said the deal could collapse as it was unlikely to get European Commission clearance. ...
FTSE 100 shrugs off fall in insurance shares image
Source : BBC [Read Article] Monday 27th of February 2017 09:27:14 AM
....12% after doubts were raised over the prospect of its planned tie-up with Deutsche Boerse. The LSE said the deal was unlikely to be approved by the European Commission, after it disagreed with the Commission's order for it to sell its 60% stake in MTS, a fixed-income trading platform. ...
London Stock Exchange/Deutsche Boerse merger in doubt image
Source : BBC [Read Article] Sunday 26th of February 2017 11:27:20 PM
....The 29bn euro (£24. 5bn) merger of the London Stock Exchange and Deutsche Boerse could collapse after the LSE said the deal was unlikely to be approved by the European Commission. ...
Austerity anguish image
Source : BBC [Read Article] Sunday 26th of February 2017 01:54:38 AM
.... . Even the European Commissioner for Finance Pierre Moscovici has spoken of the need to provide the Greek people with some kind of light at the end of the austerity tunnel. ...
German budget surplus highest since 1990 image
Source : BBC [Read Article] Thursday 23rd of February 2017 02:29:14 PM
.... . Thursday's figures follow European Commission criticism of Germany's relative economic strength within the eurozone. ...
Hens housed image
Source : BBC [Read Article] Tuesday 21st of February 2017 05:08:55 PM
....However, this is only a temporary solution. Rules from the European Commission (EC) state that after 12 weeks of hens being housed indoors, their eggs cannot be marketed as "free range" and instead would become "barn-reared". ...
Formula One pulled a fast one on the US taxman – and it's all perfectly legal image
....Tax agreements between corporations and governments raced into the spotlight in August last year when Apple was fined a record $14. 5bn by European lawmakers, the European Commission. ...
Dangerous business: what to do if a product you use has been recalled image
Source : Guardian [Read Article] Wednesday 11th of January 2017 11:42:14 AM
....If the product is sold in more than one EU state, the UK authorities must also notify Brussels so that the product can be placed on Rapex, the European rapid alert system for dangerous products. It ensures that information about products withdrawn from the market and/or recalled from consumers anywhere in Europe is quickly circulated between member states and the European Commission, so that appropriate action can be taken everywhere in the EU. ...
Snapchat sets up international office in London image
Source : BBC [Read Article] Tuesday 10th of January 2017 10:14:48 AM
....The move is unusual for a US technology company, many of which set up international headquarters in Ireland or other European countries due to tax breaks. However, the European Commission has been cracking down on some of the tech companies' tax deals. ...
Pro-Brexit group calls for EU free trade deal image
Source : BBC [Read Article] Tuesday 27th of December 2016 11:24:04 PM
.... . "Businesses across Europe will want trade with the UK to continue as usual after Brexit and any hint of trade barriers by the European Commission will be rejected," they wrote. ...
Monte dei Paschi sees funding gap grow image
Source : BBC [Read Article] Tuesday 27th of December 2016 08:24:18 AM
.... In Italy, large numbers of bank investors are ordinary savers, people who thought bank bonds were a safe bet for their life savings, for example. The government is trying to protect them - but if the European Commission were to interpret the rules harshly, it might not be able to. ...
Business in 2016 image
Source : BBC [Read Article] Saturday 24th of December 2016 02:43:56 AM
....He says research shows the main motivation for voters ticking the Leave box was encapsulated in the simple phrase "take back control" and believes the decision will help the UK economy. By contrast, a former adviser to the European Commission, Graham Bishop, says he was "appalled and horrified" by the result, but says he wasn't surprised. ...
Italy approves a €20bn bailout plan for its banks image
Source : BBC [Read Article] Wednesday 21st of December 2016 11:31:34 AM
.... . The European Commission said it had "noted" the Italian government's request to the Italian parliament for authorisation to change some public finances targets. ...
Facebook accused over WhatsApp takeover image
Source : BBC [Read Article] Tuesday 20th of December 2016 11:45:31 AM
. Facebook has been accused by the European Commission of misleading it during its investigation of the company's 2014 takeover of WhatsApp. ...
Apple fights back with appeal against EU Irish tax ruling image
Source : BBC [Read Article] Monday 19th of December 2016 03:26:21 AM
.... . But in August, the European Commission said that Ireland had enabled the company to pay substantially less than other businesses, in effect paying a rate of no more than 1%. ...
Farmers using food banks after government payment delay image
Source : BBC [Read Article] Monday 19th of December 2016 12:48:17 AM
...."I can't do a cashflow, the deadlines are constantly being broken and no-one is accountable," she said. The European Commission has not commented on the delay in payments. ...
Greece passes pension deal in defiance of bailout creditors image
Source : BBC [Read Article] Thursday 15th of December 2016 08:11:24 PM
....Athens said the pension payment would come out of a €1bn tax surplus but European creditors on Thursday said the Greek move raised "significant concerns on both process and substance" regarding the country's bailout obligations. In a joint statement, representatives from the European Central Bank, the European Commission and the European rescue fund said they would now decide whether to uphold a Eurogroup decision granting Greece short-term debt relief earlier this month. ...
Brexit trade deal could take 10 years, says UK's ambassador image
Source : BBC [Read Article] Thursday 15th of December 2016 06:00:25 AM
....It is expected that the other members will discuss who will the lead the EU's negotiating team in Brexit talks. This is expected to be former EU Commissioner Michel Barnier, who is in charge of the European Commission's Brexit team. ...
China launches WTO challenge over dumping fines image
Source : BBC [Read Article] Tuesday 13th of December 2016 08:54:17 AM
....The US has signalled there would be no change in its approach. And the European Commission said China's legal challenge was a "regret" given a proposal to change the way it calculated the duties on China was awaiting approval from the EU's 28 members. ...
Asahi to buy Pilsner Urquell from AB InBev image
Source : BBC [Read Article] Tuesday 13th of December 2016 08:20:33 AM
....6% lower in Tokyo. The deal is subject to European Commission approval but is expected to be completed in the first half of 2017. ...
McDonald's to move non-US tax base to UK image
Source : BBC [Read Article] Thursday 8th of December 2016 02:38:31 PM
....McDonald's said it had chosen the UK due to the "significant number of staff" it has in London. The Luxembourg tax affairs of the burger giant are currently under formal investigation by the European Commission. ...
Volkswagen emissions: UK and six other nations face legal action image
Source : BBC [Read Article] Thursday 8th of December 2016 11:38:37 AM
....Another three countries - the Czech Republic, Lithuania and Greece - are being hauled up for not even including the possibility of fining carmakers over potential violations. On top of this, the European Commission has also called Germany and the UK to account for refusing to share details of breaches of EU emissions laws they discovered through their own investigations earlier this year. ...
National Grid sells majority stake in gas pipe network image
Source : BBC [Read Article] Thursday 8th of December 2016 10:31:48 AM
.... Together they distribute gas on behalf of gas shippers to approximately half of the UK's connected households and a substantial proportion of the UK's business premises. The deal needs clearance from the European Commission to go ahead. ...
Banks fined £413m over euro rate rigging image
Source : BBC [Read Article] Wednesday 7th of December 2016 12:13:55 PM
. The European Commission has fined three banks €485m (£413m) for rigging a key European benchmark rate. ...
Brexit: EU negotiator says 'time's short' for reaching deal image
Source : BBC [Read Article] Tuesday 6th of December 2016 11:25:15 AM
....". Mr Barnier, making his first public speech on the issue, was appointed to the post of chief Brexit negotiator on 1 October this year by European Commission President Jean-Claude Juncker, who said he "wanted an experienced politician for this difficult job". ...
Extremist images 'fingerprinted' by tech firms image
Source : BBC [Read Article] Monday 5th of December 2016 11:08:09 PM
....Twitter's spokesman said the joint project would make the firms more efficient at removing content that violated their policies governing what could be posted and shared. The tie-up between the four firms comes as the European Commission calls on US tech firms to act faster when tackling hate speech. ...
FTSE 100 lower as oil stocks fall image
Source : BBC [Read Article] Tuesday 29th of November 2016 09:04:20 AM
....16% higher by close. Ofcom said BT had failed to voluntarily address competition concerns, adding it would notify the European Commission of its plans to force the legal separation of Openreach, which runs the UK's broadband infrastructure. ...
BT ordered to split legally from Openreach by Ofcom image
Source : BBC [Read Article] Tuesday 29th of November 2016 07:37:31 AM
....However, BT said its proposals were "fair and sustainable", and that it would continue negotiating with Ofcom. The regulator said it was preparing a formal notification to the European Commission to start the separation process. ...
Laser vision image
Source : BBC [Read Article] Tuesday 29th of November 2016 12:15:23 AM
....And while Goldfinger's laser may have threatened to give Sean Connery a falsetto singing voice, could it have formed a "laser wall" to protect a farmer's crops from rats and other pests? . A trial funded by the European Commission will see a laser called the Agrilaser Autonomic being deployed in Scotland, the Netherlands and Spain to protect farmland, firing laser beams that are perceived by critters as a physical danger. ...
Online shoppers 'face disruption' from EU payment plans image
Source : BBC [Read Article] Tuesday 22nd of November 2016 04:04:47 PM
...."We are currently in the process of assessing whether the trade-offs we made achieve the right balance and which, if any, changes we will need to make before finalising the technical standard and publishing it at the beginning of next year," it said in a statement. The changes are part of the European Commission's forthcoming Payment Services Directive 2. ...
Clydesdale Bank posts first annual profit in five years image
Source : BBC [Read Article] Tuesday 22nd of November 2016 01:22:14 PM
.... So it should have more management headspace to look ahead and act nimbly, to establish itself as a significant challenger to the dominant players. The talks on buying the Williams & Glyn division of RBS - carved out and put on the market to meet a European Commission requirement - remain shrouded in legal secrecy. ...
Bank compensation limit to return to £85,000 image
Source : BBC [Read Article] Monday 21st of November 2016 12:25:19 PM
....However Andrew Tyrie, the chairman of the Treasury Select Committee, said the level had been altered seven times in the last ten years. "The absurd situation, in which the UK is left vulnerable, at the discretion of the European Commission, to frequent changes in our deposit scheme, must be brought to an end," he said. ...
EU warns eight nations on budget deficit image
Source : BBC [Read Article] Wednesday 16th of November 2016 11:57:40 AM
. The European Commission has warned that eight eurozone countries, including Italy, are at risk of breaking EU rules because of excessive budget deficits. ...
Google hits back at EU claim over Android abuses image
Source : BBC [Read Article] Thursday 10th of November 2016 02:37:50 PM
....The US tech firm sent its reply on Thursday to anti-trust charges issued by the EU earlier this year over the smartphone platform. The European Commission told the BBC it would carefully consider Google's response before making a decision. ...
EU puts UK-Nissan deal under scrutiny image
Source : BBC [Read Article] Monday 7th of November 2016 12:20:26 PM
. The European Commission says it is in contact with UK authorities after Japan's Nissan said it had been given "support and assurances" over Brexit. ...

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