The European Commission said that Apple apparently “abused its dominant position” in developing its Apple Pay system. The US company could face billions in fines. The EU’s top executive body said on Monday that it has...
Less than a year since the EU and UK struck a post-Brexit deal, the sides are apparently preparing for a trade war. Tensions over the Northern Ireland Protocol have pushed things to the brink. The...
The European Commission sees a healthy dose of growth from this summer on, but some member states have seen their economic forecasts slashed. The European Commission announced their cautiously optimistic interim economic forecasts on Thursday, predicting a...
Last week Ireland welcomed a court ruling that denied it more than €14 billion of Apple money in back taxes. It has brought its tax regime into sharp focus, but the problem is global as...
The EU has drafted business safeguards to salvage the Iran nuclear deal, including prohibiting firms from complying with US sanctions and sending money to Iran’s central bank. Experts doubt such efforts will be enough. The...
Yes, a hefty fine has been meted out to Google by the European Commission (EC) and no, it is not being fined for showing the best results in response to a search! The much talked...
Domestic appliances use up to double as much energy as stated on their energy labels, according to an EU product survey. Outdated official tests are “vulnerable to misuse” by manufacturers, warn the report’s authors. Outdated...
In its annual assessment of national budget policies, the European Commission has confirmed it will give a number of member states more time to reduce deficits. But it expected more reforms in return. In view...
Anti-trust authorities have conducted surprise inspections at offices of at least three major oil companies, suspecting a possible collusion on oil prices. Shell, BP and Statoil confirmed inspections at their sites. European inspectors raided the...
It’s been hailed as the wonder material that could herald a second industrial revolution, and it was discovered in the UK. But is the home ofgraphene about to be left behind?A small construction site is...
Advisers to the European Commission have issued their recommendations for a structural reform of the continent’s banking system. They’re in favor of separating retail and investment operations to reduce future risks. A group of advisers,...
