Search Results for: European law
EU Court Says Data-Transfer Pact With U.S. Violates Privacy
October 7th, 2015
Decision will affect about 4,500 companies that move, store personal data The European Union’s highest court on Tuesday struck down a trans-Atlantic pact used by thousands of companies to transfer Europeans’ personal information to the U.S., throwing into jeopardy ...
Volkswagen tells German parliament 8M cars have been fitted with emissions cheat device in EU alone
October 6th, 2015
Volkswagen has admitted that eight million cars in the European Union alone have been fitted with software to cheat emissions tests. The carmaker sent a letter to German parliament members on 2 October, co-signed by VW’s current chief lobbyist, and former government spokesperson, ...
Wake Up to U.K. Exit Risks, Banks Tell Investors as Polls Shift
October 6th, 2015
Societe Generale sees risk of U.K. leaving EU as high as 45% Europe threatens to overshadow Conservative Party conference Investors are being urged to tune into the looming political battle over the U.K.’s membership of the European Union amid signs ...
Euro Area Urges Tsipras to Meet Bailout Pledges Without Delay
October 6th, 2015
Funds for recapitalization tied to country meeting conditions Finance ministers tell Tsipras not to ease up on reforms Greece shouldn’t expect the euro area to relax bailout requirements to meet next month’s deadline for unlocking money to recapitalize its ...
Europol: Bitcoin May Become Sole Currency for EU Cybercriminals
October 2nd, 2015
Europol has said in a new report that it believes bitcoin could become the go-to currency for digital criminals in the region. The European Union’s top law enforcement agency released its Internet Organised Crime Threat Assessment for 2015 on 30th September, ...
Banks Finalize $1.86 Billion Credit-Swaps Settlement
October 2nd, 2015
Suit claimed banks conspired to prevent competition Wall Street’s biggest banks have agreed to pay $1.86 billion to settle accusations that they conspired to prevent competition in the credit-derivatives markets, according to plaintiff lawyers in the private lawsuit. Twelve ...
VW Close to Diesel Fix as Sales of Rigged Cars Halted
September 30th, 2015
Sales halted in Spain, Switzerland, Italy and the Netherlands Volkswagen to inform customers soon of plans for repairs Volkswagen AG will start fixing emissions systems that cheated on pollution tests as soon as October, as sales of vehicles with ...
Economic modelling of Brexit implications for legal services sector
September 29th, 2015
The legal services sector would be disproportionately disadvantaged compared to the whole UK economy if the UK were to leave the European Union, according to economic analysis commissioned by the Law Society. Oxford Economics extended their industry-leading Oxford Global Economic ...
Gazprom Responds to EU Charges of Hindering Competition, Unfair Pricing
September 29th, 2015
Russian energy firm proposed a settlement with regulators last week OAO Gazprom on Monday sent its response to European Union charges that the Russian energy firm hindered competition and charged unfair prices in Eastern Europe, arguing the case was ...
Google Said to Be Under U.S. Antitrust Scrutiny Over Android
September 28th, 2015
New FTC inquiry comes years after it closed search-engine case Lingering skepticism meets probe over access to phone platform Google Inc. is back under U.S. antitrust scrutiny as officials ask whether the tech giant stifled competitors’ access to its ...
