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February 22, 2020
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Reuters - Business

The ECB wants to talk to you about inflation. But will it listen?

Reuters
FRANKFURT/RIYADH (Reuters) – For many people, the language of European Central Bank policymakers is so impenetrable, it could be beamed from another planet. FILE PHOTO: European Central Bank President Christine Lagarde addresses the European Parliament during a debate on the 2018 annual report of the ECB in Strasbourg, France, February......
Reuters - Business

Let’s come together to tax tech giants, say G20 officials eyeing $100 billion boost

Reuters
RIYADH (Reuters) – Leading world economies must show unity in dealing with aggressive “tax optimization” by global digital giants like Google (GOOGL.O), Amazon (AMZN.O) and Facebook (FB.O), G20 officials said on Saturday. FILE PHOTO: The Facebook logo is displayed on a mobile phone in this picture illustration taken December 2,......
Reuters - Business

U.S. Treasury’s Mnuchin: Tax certainty needed on global basis

Reuters
FILE PHOTO: U.S. Treasury Secretary Steven Mnuchin testifies before the Senate Finance Committee during a hearing on the President’s FY2021 Budget on Capitol Hill in Washington, U.S., February 12, 2020. REUTERS/Yuri Gripas/File Photo/File Photo RIYADH (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Saturday it was very important to......
Reuters - Business

Exclusive: Aramco to win unconditional EU clearance for $69 billion SABIC deal – sources

Reuters
FILE PHOTO: The logo of Aramco is seen as security personnel stand before the start of a press conference by Aramco at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. REUTERS/Hamad I Mohammed/File Photo BRUSSELS (Reuters) – World No. 1 oil producer Saudi Aramco (2222.SE) is set......
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Exclusive: Vodafone, Telecom Italia offer rivals access to some sites to ease EU concerns – EU paper

Reuters
FILE PHOTO: Different types of 4G, 5G and data radio relay antennas for mobile phone networks are pictured on a relay mast operated by Vodafone in Berlin, Germany, April 8, 2019. REUTERS/Fabrizio Bensch/File Photo BRUSSELS (Reuters) – Vodafone and Telekom Italia have offered to allow rivals access to sites in......
Reuters - Business

EU industry chief tells Facebook to adapt to EU, not other way round

Reuters
BRUSSELS (Reuters) – EU industry commissioner Thierry Breton said on Monday it was for Facebook to adapt to Europe’s standards, not the other way round, as he criticized the U.S. social media giant’s proposed internet rules as insufficient. The blunt comments came after a short meeting with Facebook CEO Mark......
Reuters - Business

Euro zone ministers discuss fiscal boost options as virus worries weigh

Reuters
BRUSSELS (Reuters) – Euro zone finance ministers discussed ways to pursue a more growth-friendly fiscal policy mix on Monday, in a potential nudge to Germany and the Netherlands to spend more as fears of a downturn grow in the wake of the coronavirus epidemic. European Central Bank President Christine Lagarde......
Reuters - Business

Facebook sees risks to innovation, freedom of expression ahead of EU rules

Reuters
BRUSSELS (Reuters) – Facebook warned of threats to innovation and freedom of expression on Monday, ahead of the release of a raft of rules by the European Union this week and in the coming months to rein in U.S. and Chinese tech companies. Facebook Chairman and CEO Mark Zuckerberg meets......
Reuters - Business

EU industry chief warns of more onerous tech rules by year end

Reuters
BRUSSELS (Reuters) – The European Union will decide by the end of the year whether to impose rules reining in the market power of U.S. tech giants, the bloc’s industry chief said on Monday as he criticised Facebook’s proposals as insufficient to address EU concerns. The comments by EU industry......
Reuters - Business

Facebook warns of risks to innovation, freedom of expression ahead of EU rules

Reuters
Facebook Chairman and CEO Mark Zuckerberg meets with European Commissioner for Values and Transparency Vera Jourova at the EU Commission headquarters in Brussels, Belgium February 17, 2020. REUTERS/Yves Herman BRUSSELS (Reuters) – Facebook warned of threats to innovation and freedom of expression on Monday, ahead of the release of a......
Reuters - Business

Airbus says higher U.S. tariffs on EU planes will harm U.S. airlines, consumers

Reuters
FILE PHOTO: The Airbus logo is pictured at Airbus headquarters in Blagnac near Toulouse, France, March 20, 2019. REUTERS/Regis Duvignau/File Photo WASHINGTON (Reuters) – The U.S. government’s decision to raise tariffs on European-built aircraft will hit U.S. airlines already facing a shortage of aircraft and complicate efforts to reach a......
Reuters - Business

Europe wants G20 to make taxing digital giants top priority this year

Reuters
BRUSSELS (Reuters) – Europe wants the world’s financial leaders to make it their top priority this year to reach a deal on global rules for taxing digital giants like Google (GOOGL.O), Amazon (AMZN.O) and Facebook (FB.O), a document showed. FILE PHOTO: File photo: The Google logo is seen at an......
Reuters - Business

Google criticizes EU over ‘eye-catching’ $2.6 billion antitrust fine

Reuters
LUXEMBOURG (Reuters) – Google (GOOGL.O) on Friday called on Europe’s second-top court to throw out what it called an eye-catching 2.4 billion euros ($2.6 billion) EU antitrust fine, saying there was no factual or legal basis to the inflated amount. FILE PHOTO: The brand logo of Alphabet Inc’s Google is......
Reuters - Business

EU regulators to investigate EssilorLuxottica’s 7.2-billion-euro Dutch deal

Reuters
Sunglasses from Ray Ban are on display at a optician shop in Hanau near Frankfurt, Germany, March 18, 2016. REUTERS/Kai Pfaffenbach BRUSSELS (Reuters) – EU antitrust regulators opened on Thursday an in-depth investigation into Ray-Ban maker EssilorLuxottica’s (ESLX.PA) 7.2 billion euro bid for Dutch opticians group GrandVision (GVNV.AS), saying the......
Reuters - Business

UK seeks big tariff reductions in U.S. trade deal

Reuters
LONDON (Reuters) – Britain is seeking far-reaching reductions in tariffs from a trade deal with the United States, trade minister Liz Truss said on Thursday, setting out the broad aims of her post-Brexit push to secure new free trade agreements. FILE PHOTO: A worker opens the door of a container......
Reuters - Business

Brexit trade deal clash: UK and EU spar over rules

Reuters
LONDON/BRUSSELS (Reuters) – The European Union and Britain clashed over a post-Brexit trade deal on Monday, with the two sides setting out very different visions of a future relationship that could result in the most distant of ties. Almost three days since Britain officially left the EU, both sides presented......
Reuters - Business

Brexit trade deal clash: UK and EU begin sparring over rules

Reuters
LONDON/BRUSSELS (Reuters) – The European Union and Britain clashed over a post-Brexit trade deal on Monday with Prime Minister Boris Johnson insisting he need not sign up to the bloc’s rules and Brussels warning of tariffs and quotas unless he did. Britain wants to negotiate a trade deal by the......
Reuters - Business

Exclusive: EssilorLuxottica’s €7.2 billion euro Dutch deal faces EU probe – sources

Reuters
FILE PHOTO: The Luxottica name is reflected in a pair of sunglasses in this photo illustration taken in Rome, February 4, 2016. REUTERS/Alessandro Bianchi BRUSSELS (Reuters) – EssilorLuxottica’s (ESLX.PA) 7.2 billion euro ($8 billion) bid for Dutch opticians group GrandVision (GVNV.AS) will face a full-scale EU antitrust investigation after the......
Reuters - Business

NBCUniversal fined $16 million for illegal sales curb in EU

Reuters
European Digital Economy Commissioner Margrethe Vestager reacts during a news conference on NBCUniversal antitrust case in Brussels, Belgium January 30, 2020. REUTERS/Johanna Geron BRUSSELS (Reuters) – NBCUniversal was fined 14.3 million euros ($15.86 million) by the European Union on Thursday for illegally restricting sales of merchandise linked to films such......
Reuters - Business

EU antitrust regulators to rule on $69 billion Aramco, SABIC deal by February 27

Reuters
The logo of Aramco is seen as security personnel stand before the start of a press conference by Aramco at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. REUTERS/Hamad I Mohammed BRUSSELS (Reuters) – EU antitrust regulators will decide by Feb. 27 whether to clear state energy......

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