German newspaper Spiegel cited documents submitted by VW and another by Daimler, purportedly revealing that Volkswagen, Daimler and BMW are being investigated by Germany’s Federal Cartel Office on suspected antitrust collusion over decades on technology relating to exhaust gas measures on diesel vehicles. The report shows that the companies have been secretly meeting in various working groups since the 1990s, where they agreed on technologies, costs, suppliers and even how to work on emissions from diesel engines.
The EU recommended on Wednesday that three times bailed-out Greece has made enough progress in balancing its budget to be removed from special oversight of government spending. The move is a further boost for Athens days after it secured a fresh tranche of cash from its latest bailout to meet crucial debt payments and avoid a fresh crisis.
Chief negotiator Guy Verhofstadt and leaders of four of the parliament's main groups wrote in a joint letter to newspapers that Britain's plans for the three million EU citizens expecting to remain in the U.K. post-Brexit "fall short" of what they are entitled to and what U.K. nationals are being offered in the EU. EU Parliamentarian Guy Verhofstadt has called proposals put forward by the UK government a "damp squib" which would leave millions of Europeans with "second-class citizenship".
Talks about a new treaty governing the European Union’s relationship with Switzerland have collapsed over the same issue bedevilling Brexit — the European Court of Justice. Switzerland, which is not a member of the EU, has more than 100 bilateral agreements with Brussels overseeing ties including transport, trade and education, but the EU is demanding a single framework treaty. A new treaty could clear the way for closer ties in fields including financial services and power markets, but fear that any deal might upset Swiss voters under the country's system of direct democracy has put the project on hold.
Google has been fined a record €2.4 billion ($2.7 billion) after EU antitrust regulators concluded the first stage of their three-pronged probe into the world's most popular search engine. The fine, which targets the company's shopping business, is the largest doled out by Brussels for a monopoly abuse case and came after a seven-year long investigation prompted by scores of complaints from rivals such as U.S. consumer review website Yelp, TripAdvisor, UK price comparison site Foundem, News Corp and lobbying group FairSearch.
European’s regulators are expected to hit Google with a minimum one billion euro fine this summer for anti-competitive practices that also means Google will also have to alter its business practices in Europe. The repercussions pertain to allegations Google favors its own shopping service in search results, but it could have ramifications beyond the Google Shopping feature. Google already faces other outstanding antitrust cases in Europe.
The European Union plans to launch legal action against Italy for failing to properly police allegations of emissions-test cheating by Fiat Chrysler following the Volkswagen scandal, EU sources said. EU regulators say Italy has failed to convince them that the so-called defeat devices used to modulate emissions on its vehicles outside of narrow testing conditions are justified. "The Commission decided today to send a letter of formal notice asking Italy to respond to concerns about insufficient action taken regarding the emission control strategies employed by Fiat Chrysler Automobiles group (FCA)," a statement said.
An advisor to Europe’s highest court has said that Uber should be regulated as a transportation company, subjecting it to local licensing regulations which could have been considered disproportionate under EU law had it been deemed an "information society service". In a opinion handed down Thursday, Maciej Szpunar, the advocate general of the European Court of Justice (ECJ), said “Indirect control such as that exercised by Uber, based on financial incentives and decentralised passenger-led ratings, with a scale effect, makes it possible to manage in a way that is just as — if not more — effective than management based on formal orders given by an employer to his employees and direct control over the carrying out of such orders.” The decision handed down today is non-binding, though ECJ rulings have historically followed the advice of the advocate general. A final ruling is expected later this year.
Last week a team of civil society organisations, included swiss Pro Specie Rara, Swissaid and Public Eye, started a public appeal to politicians and demand that effective prohibitions are put in place to stop the granting of patents on plants and animals derived from conventional breeding. The protest is targeted at patents granted by the European Patent Office (EPO) in 2016 to the brewing companies Carlsberg and Heineken. The patents claim barley derived from conventional breeding, its usage in brewing beer and the beer produced thereof. However, the patents are simply based on random mutations in the plant's genome.
Regulierung – seit der Finanzkrise prägt der Ruf nach mehr Kontrolle das Banking: Wegen regulator
Die Fonds-Konferenz der SKSF ist eine wichtige, branchenspezifische Plattform für Wissens- und Erfa
2 evenings to find out about the latest from the digital industry & 2 days to find ideas and to crea
ICDA will return this year to its alpine home for the 38th Bürgenstock Meeting.
The objective of the Conference is to bring together all the diverse stakeholdersinterested in a pol
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