Search Results for: European Union
Russian Oil: Output Grows as Prospects Shrink
January 25th, 2016
Plummeting prices and U.S.-led sanctions raise questions about Russian oil’s capacity to continue underwriting Putin’s global ambitions In the frosty swamplands of West Siberia, the drilling rigs of oil giant OAO Lukoil are helping raise Russia’s oil output to its highest ...
Emissions-Testing Probe Prompts Raid of Renault Facilities
January 15th, 2016
Antifraud officials search several French car maker’s headquarters, engineering center France’s antifraud authority has launched an emissions investigation into Renault SA and other car makers, French Economy Minister Emmanuel Macron said Thursday, deepening scrutiny of Europe’s car industry after Volkswagen AG was caught cheating on ...
First-ever EU-wide cyber-security rules backed by Internal Market Committee
January 15th, 2016
Firms supplying essential services, e.g. for energy, transport, banking and health, or digital ones, such as search engines and cloud computing, will have to take action to improve their ability to withstand cyber-attacks under new rules approved by Internal ...
IMF to remain part of bailout program, Greece told
January 15th, 2016
Remarks by J.Dijsselbloem following the Eurogroup meeting of 14 January 2016 Below is a statement by J.Dijsselbloem: Good afternoon and welcome to this press conference. I will address the issues that we discussed today and then give the floor ...
Mergers: Commission opens in-depth investigation into acquisition of oilfield service provider Baker Hughes by Halliburton
January 13th, 2016
The European Commission has opened an in-depth investigation to assess whether the proposed acquisition of oilfield service supplier Baker Hughes by rival Halliburton would impede effective competition in breach of the EU Merger Regulation. Both companies are US-based. Commissioner ...
Greece’s economic crisis goes on, like an odyssey without end
January 7th, 2016
When Stavros Staikos thinks of the year ahead, he expresses dread. Although stoic in demeanour, the retired merchant seaman struggles to be upbeat about his country and his own circumstances. “It’s hard to be optimistic,” he says, waiting his ...
The Commission acts for full, proper and timely implementation of EU law
December 14th, 2015
The Commission ensures proper application of EU law for the benefit of citizens and businesses: This month’s infringement package includes 34 reasoned opinions, 9 referrals to the Court of Justice of the EU, and 83 closures. To help citizens ...
ECOFIN: Main results on Tax Rulings
December 9th, 2015
The Council took a number of decisions on corporate taxation. It adopted a directive on cross-border tax rulings, which will improve transparency on tax rulings given by member states to companies about how taxation will be dealt with. Pierre Gramegna, ...
EU finances the Single Resolution Fund
December 9th, 2015
ECOFIN Ministers reaffirm the importance of deepening the Banking Union in the context of a well-functioning Economic and Monetary Union. Following the successful establishment of the Single Supervisory Mechanism (SSM), we welcome the forthcoming entry into force of the ...
Visa/MasterCard EU dominance adds impetus to calls for bank-backed competitor
December 2nd, 2015
MasterCard and Visa now account for 86% of all payment cards in Europe, as domestic and private label schemes continue their decline, according to data from RBR. RBR’s figures indicate that €9 out of every €10 spent using a ...
