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February 22, 2020

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

Reuters
by Reuters05
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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CNBC Business

The EU’s biggest post-Brexit fight is about to get real

CNBC
by CNBC03
CNBC – For more and to sign up click here BRUSSELS — Where will the money come from? This is the contentious question that the EU needs to answer every seven years — and this time around, the issue is even more complicated. The U.K., which has been one of......
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CNBC Business

Washington state moves to drop Boeing tax break to head off EU tariffs

CNBC
by CNBC010
CNBC – For more and to sign up click here A Boeing 777X airliner lifts off for its first flight at Paine Field on January 25, 2020 in Everett, Washington. Stephen Brashear Washington state lawmakers moved on Wednesday to remove a key tax break for Boeing and other aerospace firms......
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Reuters - Business

Google plans to move UK users’ accounts outside EU jurisdiction

Reuters
by Reuters03
SAN FRANCISCO (Reuters) – Google is planning to move its British users’ accounts out of the control of European Union privacy regulators, placing them under U.S. jurisdiction instead, the company confirmed late on Wednesday. FILE PHOTO: The Google internet homepage is displayed on a product at a store in London,......
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Reuters - Business

Exclusive: Google users in UK to lose EU data protection – sources

Reuters
by Reuters01
SAN FRANCISCO (Reuters) – Google is planning to move its British users’ accounts out of the control of European Union privacy regulators, placing them under U.S. jurisdiction instead, sources said. FILE PHOTO: The Google internet homepage is displayed on a product at a store in London, Britain January 23, 2016.......
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Reuters - Business

Exclusive: Vodafone, Telecom Italia offer rivals access to some sites to ease EU concerns – EU paper

Reuters
by Reuters07
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......
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CNBC Business

EU’s Vestager leaves door open for US stake in Nokia, Ericsson

CNBC
by CNBC04
CNBC – For more and to sign up click here BRUSSELS, BELGIUM – MARCH 20, 2019 : European Commissioner for Competition Margrethe Vestager talks to the media during a news conference on the concurrence case with Google online search advertising on March 20, 2019 in Brussels, Belgium. Thierry Monasse |......
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Reuters - Business

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

Reuters
by Reuters03
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......
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Reuters - Business

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

Reuters
by Reuters05
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......
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Reuters - Business

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

Reuters
by Reuters05
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......
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Reuters - Business

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

Reuters
by Reuters06
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......
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Reuters - Business

U.S. raises tariffs on European aircraft in ongoing dispute over subsidies

Reuters
by Reuters07
WASHINGTON (Reuters) – The U.S. government on Friday said it would increase tariffs on aircraft imported from the European Union to 15% from 10%, ratcheting up pressure on Brussels in a nearly 16-year transatlantic dispute over aircraft subsidies. FILE PHOTO: The logo of Airbus is pictured at the aircraft builder’s......
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Reuters - Business

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

Reuters
by Reuters08
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......
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Reuters - Business

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

Reuters
by Reuters06
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......
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Reuters - Business

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

Reuters
by Reuters08
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......
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CNBC Business

The ECB and Fed are hoping the public will give them a new direction

CNBC
by CNBC07
CNBC – For more and to sign up click here European Central Bank President Christine Lagarde. Chip Somodevilla | Getty Images News | Getty Images Central banks are experiencing a soul-searching moment as they look to strengthen their popularity after the global financial crisis — an exercise that could ultimately......
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Reuters - Business

Japan’s MUFG, Mizuho in London rehiring spree despite Brexit

Reuters
by Reuters07
LONDON (Reuters) – Japan’s MUFG (8306.T) and Mizuho (8411.T) have hired a total of nearly 100 staff in London in the last 6 months, bolstering their trading and investment banking teams despite industry concerns over Brexit’s impact on financial services in Britain. FILE PHOTO: The full moon is seen rising......
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Reuters - Business

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

Reuters
by Reuters011
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......
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Reuters - Business

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

Reuters
by Reuters011
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......
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Reuters - Business

Brexit trade deal clash: UK and EU spar over rules

Reuters
by Reuters011
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......
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