Search Results for: European commission
Greece, Israel, Italy, Cyprus to discuss natural gas pipeline
February 2nd, 2017
Government representatives from Italy, Greece, Cyprus and Israel plan to meet in February to discuss a natural gas pipeline from the east Mediterranean fields to Greece and Italy, according to a report in Globes, a business daily. Israel energy minister ...
What a leaked EU report says for Brexit
February 2nd, 2017
The European commission’s Brexit negotiators must strike a “workable” deal with Theresa May’s government to protect the City of London or the economies of the remaining member states will be damaged, a leaked EU report warns. The document – ...
Mastercard `Preying on Millions’ Sparked $17 Billion Fee Lawsuit
January 18th, 2017
Consumers seek permission to bring U.K.’s largest class action Mastercard says damages would be impossible to calculate Mastercard Inc. preyed on more than 46 million unknowing consumers by unfairly charging card fees over a 16-year period, lawyers seeking to ...
New Tax rules for transparency into force as of 1 January 2017
January 5th, 2017
With an announcement published on 3 January 2017 the European Commission has welcomed the entry into force of new rules to ensure that Member States have all the information they need on tax rulings given to multinational companies in ...
Euronext makes irrevocable cash offer to acquire LCH.Clearnet SA
January 3rd, 2017
Euronext has made an irrevocable all-cash offer to LCH.Clearnet Group Limited (“LCH.Clearnet Group”) and London Stock Exchange Group plc (“LSEG”) to acquire LCH.Clearnet SA (“Clearnet”), in relation to which terms and conditions have been agreed. Clearnet has commenced a ...
Monte Paschi to issue 15 billion euro in debt after EU approves liquidity support – paper
December 30th, 2016
Italy’s Banca Monte dei Paschi di Siena (BMPS.MI), which is being bailed out by the state, plans to issue 15 billion euros ($15.8 billion) of debt next year to restore liquidity and boost investor confidence, several newspapers said on ...
Swedish government proposes tax changes for startups
December 30th, 2016
The Swedish government says it has listened to criticism from flagship startups like Spotify and will now change the rules regarding employee share schemes for small companies in the country. Startups have long argued that they were struggling to ...
Spain aims to raise 500 million euros from new environmental taxes
December 28th, 2016
Spain wants to raise 500 million euros ($528 million) from new environmental taxes as part of a package of fiscal measures to meet the European Union‘s budget deficit goals. The new environmental taxes are part of the revised budgetary ...
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 ...
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 ...
