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EU Closes Investigations Into Amazon, Starbucks and Fiat Tax Rulings
Date: November 28, 2024
BRUSSELS (Reuters) – The European Commission on Thursday said it had closed state aid investigations into tax rulings granted by Luxembourg and the Netherlands to Amazon, Fiat and Starbucks. In 2015 and 2017, the Commission found that Luxembourg granted selective tax advantages to Fiat and Amazon, and the Netherlands to Starbucks, in breach of EU...
HSBC Loses Court Challenge Against $33.4 Million EU Cartel Fine
Date: November 27, 2024
By Foo Yun Chee BRUSSELS (Reuters) -HSBC on Wednesday lost its challenge against a 31.7 million euro ($33.4 million) EU cartel fine after Europe’s second top court sided with EU regulators in the long-running case. The European Commission, which acts as the EU competition watchdog, levied the fine in 2021, saying HSBC, JPMorgan Chase and...
European Commission: Positive Feedback on Italy’s Latest Payment Request
Date: November 27, 2024
BRUSSELS (Reuters) – The European Commission said on Tuesday it had given a positive, preliminary assessment to Italy’s latest request for aid payments from the European Union, seen as key to boosting the sluggish performance of the euro zone’s third largest economy. “Today, the Commission has endorsed a positive preliminary assessment of Italy’s sixth payment...
French Tightening Plans Credible, Dutch Want to Spend Too Much, Says Commission
Date: November 27, 2024
By Jan Strupczewski BRUSSELS (Reuters) -France’s draft 2025 budget and medium-term plan to bring down public debt are in line with EU rules and credible, while spending plans of the normally frugal Netherlands are too high, the European Commission said on Tuesday. In an assessment of draft budgets of euro zone countries and their four-...
Greece Calls for Increased EU Defence Role, Cooperation With NATO
Date: November 26, 2024
ATHENS (Reuters) – The European Union needs to boost its defence role and arms industry and improve cooperation with NATO, Greek Prime Minister Kyriakos Mitsotakis said on Tuesday after talks with the military alliance’s Secretary-General Mark Rutte. Following Russia’s 2022 invasion of Ukraine, the EU has sought to increase its defence capabilities and the European...
EU Says Bluesky Is Violating Information Disclosure Rules
Date: November 25, 2024
BRUSSELS (Reuters) – Bluesky, the rapidly growing social media platform, is violating EU regulations by failing to disclose important details, a European Commission spokesperson told reporters during a daily briefing on Monday. “All platforms in the EU even the smallest ones which are below the threshold, which is the case for Bluesky, have to have a...