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....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. ... [Read full article on BBC ]
Friday 28th of April 2017 06:26:06 AM
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.... 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. ... [Read full article on Guardian ]
Monday 24th of April 2017 06:00:04 AM
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Latest Finance News related to European Commission

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. ...
United Airlines to stop Belfast to New York flights image
Source : BBC [Read Article] Friday 4th of November 2016 01:38:16 PM
.... . The European Commission has said EU rules do not allow public authorities to grant a specific airline an "undue advantage". ...
Google fights EU price comparison case image
Source : BBC [Read Article] Thursday 3rd of November 2016 03:30:01 PM
....FairSearch Europe - a lobby group that was one of the complainants against Google - said Google's actions were "anti-consumer". In a statement, the group said: "We believe it is the European Commission that has the interests of consumers in mind, not a private company that makes money by using its market power to charge high prices to advertisers. ...
Ceta: EU and Canada sign long-delayed free trade deal image
Source : BBC [Read Article] Sunday 30th of October 2016 02:15:58 PM
....". European Commission President Jean-Claude Juncker referred to "a new chapter" in relations between the EU and Canada, which would open new opportunities "more than half-a-billion people on both sides of the Atlantic". ...
Royal Bank of Scotland sees more losses in third quarter image
Source : BBC [Read Article] Friday 28th of October 2016 06:38:50 AM
....It said it could not sell its Williams & Glyn bank by the end of 2017. RBS has been ordered by the European Commission to sell Williams & Glyn in order to prevent the group from having too dominant a position as the UK's largest lender to small businesses. ...
Clydesdale confirms Williams & Glyn offer image
Source : BBC [Read Article] Wednesday 26th of October 2016 07:19:39 AM
....However, the bank said talks were continuing and there was "no certainty" that a deal would be struck. RBS has been ordered to sell the business by the European Commission. ...
Clydesdale 'makes an offer to RBS for Williams & Glyn' image
Source : BBC [Read Article] Tuesday 25th of October 2016 06:12:07 PM
Ceta talks: EU and Canada hold out hope for trade deal image
Source : BBC [Read Article] Monday 24th of October 2016 10:18:02 PM
....Chrystia Freeland, Canada's federal minister for international trade, said she too remained hopeful the deal can be salvaged, but that "the ball is in Europe's court". The European Commission, which has negotiated the deal on behalf of the 28 nations, had asked Belgium to make its decision by Monday. ...
Belgium Walloons block key EU Ceta trade deal with Canada image
Source : BBC [Read Article] Monday 24th of October 2016 12:34:31 PM
....The other 27 EU governments want to sign the agreement, which has been in the pipeline for seven years. The European Commission had set Belgium a Monday deadline to make its decision on the deal. ...
EU presses Walloons over key Canada trade deal Ceta image
Source : BBC [Read Article] Monday 24th of October 2016 09:06:45 AM
....There have also been big demonstrations in several EU countries against Ceta and the TTIP trade talks between the EU and the US. The European Commission negotiated the massive Ceta text agreed with Canada in 2014, and on Sunday it presented a new clarification to Wallonia on the proposed procedure for settling disputes with investors. ...
Ceta talks: EU hopes to unblock Canada trade deal image
Source : BBC [Read Article] Saturday 22nd of October 2016 12:51:58 PM
....The failure to clinch the EU-Canada Ceta deal is an embarrassment, writes Laurence Peter, the BBC website's EU analyst. The European Commission insists Ceta is not over but it also refuses to unpick the massive text. ...
Ceta: EU 'not capable' of signing deal says Canadian minister image
Source : BBC [Read Article] Friday 21st of October 2016 03:39:36 PM
....3 million Canadians. The European Commission says this blow does not mean that Ceta is over, but it also refuses to unpick the massive text that was agreed with Canada in 2014. ...
Belgium-Canada Ceta trade dispute bedevils EU summit image
Source : BBC [Read Article] Friday 21st of October 2016 08:32:17 AM
....There are doubts about a planned signing ceremony on 27 October. The European Commission, in charge of the EU's negotiations, has refused to unpick the text which was agreed with Canada in 2014. ...
Trade deals image
Source : BBC [Read Article] Wednesday 19th of October 2016 02:25:16 PM
.... . None of this is certain - a European Commission representative told the BBC it would not speculate before Article 50 had been triggered on the specific areas that would be covered in the negotiations. ...
Belgium split over EU-Canada trade deal Ceta image
Source : BBC [Read Article] Tuesday 18th of October 2016 10:51:47 AM
....Would Ceta be a good model for the UK?. Walloon PM Paul Magnette said he was expecting the European Commission to present an additional text addressing his region's concerns. ...
Plotting success image
Source : BBC [Read Article] Friday 7th of October 2016 08:39:03 PM
....What they feared most was losing access to something that is still emerging: the European Digital Single Market. This is an initiative by the European Commission to harmonise rules for doing digital business in Europe. ...
Brexit 'rollercoaster' warning as Hammond axes deficit target image
Source : BBC [Read Article] Monday 3rd of October 2016 01:16:04 AM
.... She also announced a "Great Repeal Bill" would be included in the next Queen's Speech to remove the European Communities Act 1972 from the statute book. In a statement on Monday, the European Commission said it would "work constructively" with the UK once negotiations about its withdrawal began but there would be no talks until the formal process started. ...
RBS brings back NatWest Markets name as part of 'ring-fencing' image
Source : BBC [Read Article] Friday 30th of September 2016 08:13:17 AM
...."Our proposed future structure under the ring-fencing legislation and our brand strategy are key elements of the bank we are becoming," said Mr McEwan. It is in the process of selling off its 300 RBS branches in England and Wales to meet European Commission rules, which will leave it with just the NatWest brand south of the border. ...
LSE-Deutsche Boerse merger plan being investigated image
Source : BBC [Read Article] Wednesday 28th of September 2016 03:01:06 PM
. The European Commission is planning to open an in-depth investigation into the planned £21bn merger of London's Stock Exchange and Germany's Deutsche Boerse. ...
EU Commission refuses to revise Canada CETA trade deal image
Source : BBC [Read Article] Friday 23rd of September 2016 11:02:17 AM
. The European Commission has ruled that a controversial EU-Canada free trade deal - CETA - cannot be renegotiated, despite much opposition in Europe. ...

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