Search Results for: EU Court
Social media companies need to do more to fully comply with EU consumer rules
February 22nd, 2018
Social media companies need to do more to respond to the requests, made last March by the European Commission and Member States’ consumer authorities, to comply with EU consumer rules. The changes made by Facebook, Twitter and Google+ to ...
Facebook personal data use and privacy settings ruled illegal by German court
February 15th, 2018
Facebook’s default privacy settings and use of personal data are against German consumer law, according to a judgement handed down by a Berlin regional court. The court found that Facebook collects and uses personal data without providing enough information ...
Several current and former KPMG partners face court contempt
December 20th, 2017
Several current and former KPMG partners are facing contempt proceedings in a Hong Kong court, as liquidators for a failed U.S.-listed Chinese company step up their action against the auditor over its refusal to produce Chinese working papers. The ...
Euro against the dollar to a three-month low; Early European and Asian markets review
October 27th, 2017
Asian shares gained on Friday as technology shares were boosted by upbeat earnings from U.S. high-tech giants while the euro hovered near three-month low against the dollar after the European Central Bank extended its stimulus. The Australian dollar fell ...
Deutsche Bank to Pay $220 Million over Libor interest rate manipulation
October 26th, 2017
Deutsche Bank AG agreed to pay 45 U.S. states a combined $220 million to resolve a probe into interest-rate manipulation, more than twice the amount of Barclays Plc’s settlement last year. The states’ investigation found that the German bank’s ...
EU ordered Luxembourg to collect around €250 million from Amazon
October 5th, 2017
The European Commission has issued a press release to inform on its conclusion that Luxembourg granted undue tax benefits to Amazon of around €250 million. According the press release, Commission finds Luxembourg gave illegal tax benefits to Amazon worth ...
Groups from EU member states to sue Volkswagen
September 14th, 2017
Consumer organisations from four European countries are working together to demand compensation for people whose diesel cars, made by Volkswagen Group (VW), are equipped with an emissions cheating code in the software. The groups – from EU member states ...
Irish FM Criticizes EU Demand For Apple Taxes
August 21st, 2017
Ireland’s new Finance Minister, Paschal Donohoe, has described the EU’s demand for the collection of up to EUR13bn (15.3bn) in “unpaid” taxes from Apple as unjustified, according to reports. Donohoe made the comment in an interview with German newspaper ...
The European Central Bank faces a legal challenge
August 16th, 2017
The European Central Bank may be violating laws on monetary financing in its 2.3 trillion euro ($2.7 trillion) asset purchase programme, Germany’s constitutional court said on Tuesday, and it asked Europe’s top court to make a ruling. In the ...
EU customs seized over 41 million fake goods at EU borders last year
August 2nd, 2017
New figures released by the European Commission show that customs authorities detained more than 41 million fake goods and counterfeit products at the EU’s external border in 2016. The goods had a total value of over €670 million. Everyday ...
