Search Results for: European Union
Facebook Faces EU Scrutiny Over WhatsApp Purchase
December 21st, 2016
The European Union on Tuesday accused Facebook Inc. of giving “incorrect or misleading information” to investigators who were probing its purchase of chat app WhatsApp in 2014, a surprise charge that exposes the company to a hefty fine. The ...
Italy seeks to borrow 20 bln euros to prop up banking sector
December 20th, 2016
The Italian government decided on Monday to seek parliamentary approval to borrow 20 billion euros to underwrite the stability of its wobbly banking sector, starting with a likely bail-out of No. 3 lender, Monte dei Paschi di Siena, as ...
UK seeks transitional trade deal with EU to avoid Brexit ‘cliff edge’
December 20th, 2016
Britain may need an interim trade agreement with the European Union to smooth its exit from the bloc, said Britain’s Trade Secretary Liam Fox, adding there should not be a “buy back” into many EU regulations. A transitional trade ...
Trump, Russia and China
December 19th, 2016
Even before he takes office, President-elect Trump is turning the world upside down. It has become clear his attitude towards Russia and China is very different from that of his predecessors. Amazingly, he is already wresting power from the ...
Scotland unveils proposals on how to remain in the EU single market after Britain leaves
December 19th, 2016
Scotland will publish proposals this week for how it can remain in the European Union‘s single market after Britain leaves the bloc, in order to avoid the “national disaster” of a “hard Brexit”, the Scottish government said on Sunday. ...
EU could strip the City of London of its euro clearing business
December 18th, 2016
The European Union could once again try and strip the City of London of its euro clearing business, according to a Financial Times report. The FT reports that European Commission is considering a change that would allow the European ...
There’s another sign that London’s house price boom may finally be over
December 13th, 2016
A clear trend is emerging in the London property market. Prices are finally on their way down. The latest UK House Price Index from the Office for National Statistics — released on Tuesday morning — showed that in October, ...
Germany accused of strangling EU tax transparency
December 13th, 2016
A German-led group of EU states is trying to strangle plans for greater tax transparency, amid the restart of an iconic whistleblower case. Germany was accused of leading the behind-the-scenes attack on a European Commission proposal to raise transparency ...
McDonald’s Is Moving Its International Tax Base to the U.K. Amid EU Scrutiny
December 9th, 2016
It has come under growing scrutiny from EU regulators over its tax arrangements in Luxembourg. McDonald‘s said on Thursday it would move its international tax base to the United Kingdom from Luxembourg after coming under increased scrutiny from European ...
Three major Banks fined €485 million for Euribor fix cartel
December 7th, 2016
The European Commission has fined Crédit Agricole, HSBC and JPMorgan Chase, a total of € 485 million for participating in a cartel in euro interest rate derivatives. The banks colluded on euro interest rate derivative pricing elements, and exchanged ...
