Tag: European Commission

Thursday, March 21st 2019 - 10:02 UTC
EU fines Google €1.49 billion for blocking rival online search advertisers

Google was fined €1.49 billion ($1.7 billion) on Wednesday for blocking rival online search advertisers, in the third large European Union antitrust penalty for the Alphabet business in two only years.
Saturday, March 2nd 2019 - 04:40 UTC
EU money laundering black list blocked following US and Saudi complaints

The United States on Friday welcomed the blocking of a proposal to add a group of countries, including four American territories, to the EU money-laundering blacklist after almost all member states opposed it. The US ambassador to the European Union, Gordon Sondland, hit out at the “dogmatic posturing” of the European Commission, the bloc's executive arm.
Wednesday, February 20th 2019 - 09:56 UTC
Salmon farms in Scotland raided in connection to EU-wide probe into alleged illegal cartels

Raids have been carried out at several salmon farming sites in Scotland in connection with an EU-wide probe into alleged illegal cartels. Officials visited offices in Shetland, Stirling and Fife amid concerns they may have violated anti-trust rules. The European Commission (EC) has said the investigation is at a preliminary stage.
Friday, February 1st 2019 - 11:08 UTC
Argentina and EU reach an agreement over exports of biodiesel

Argentina and the European Union (EU) reached an agreement to end a dispute over exports of biodiesel, the Argentine Ministry of Foreign Affairs said. The deal establishes price and volume limits to be announced next month, the ministry said in a statement.
Monday, January 21st 2019 - 08:54 UTC
Galicia commissions new report on Brexit and a possible fishing agreement with UK

The Government of Galicia will commission the University Institute of European Studies “Salvador de Madariaga”, from the University of A Coruña, a new report on the current status of the Brexit agreement and the possibilities to reach a fishing agreement with the United Kingdom.
Thursday, December 20th 2018 - 09:14 UTC
European Union starts implementing preparations for a no-deal Brexit

The European Commission says it has started to implement its preparations for a no-deal Brexit - in case the UK leaves the EU without a plan. It has announced temporary measures to try to reduce the impact but says it cannot counter all the problems it expects.
Wednesday, November 14th 2018 - 08:50 UTC
Italy ignores EC deadline and keeps to its high spending budget

The Italian government has defied the European Commission by sticking to its big-spending budget plan. Deputy Prime Minister Matteo Salvini said a deficit target of 2.4% and a growth forecast of 1.5% were unchanged.
Saturday, October 27th 2018 - 09:01 UTC
S&P lowers Italy's outlook to negative; criticizes Rome's economic and fiscal policies

Standard & Poor’s on Friday left Italy’s sovereign debt rating unchanged but lowered its outlook to negative from stable, saying that the new government’s policy plans were weighing on the country’s growth and debt prospects.
Wednesday, October 24th 2018 - 08:56 UTC
EC tells Italy to revise its budget but ruling populists vow to go ahead with electoral promises

The European Commission has told Italy to revise its budget, an unprecedented move with regard to an EU member state. EC is worried about the impact of higher spending on already high levels of debt in Italy, the Euro zone's third-biggest economy.
Saturday, October 20th 2018 - 08:37 UTC
Moody's cuts Italy's credit rating and EC warns over 2019 budget plans

Moody's has cut Italy's credit rating by a notch over concerns about plans for larger deficits and the high public debt load as the country's populist government clashes with Brussels over its budget. The European Commission formally warned Italy late Thursday that its budget plans for 2019 are a serious concern, launching a high-stakes process that could see Rome hit with unprecedented sanctions for breaking commitments to Brussels.