Tag: Europe

• 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.

• Wednesday, March 20th 2019 - 10:01 UTC

  Boeing's commercial division makes major reshuffle in top positions; US$ 500bn in 737Max orders on hold

  

  
Boeing Co's commercial airplane division, facing its biggest crisis in years following deadly crashes of its flagship 737Max, has brought in a new vice president of engineering while dedicating another top executive to the aircraft investigations, a company email showed on Tuesday.

• Monday, March 18th 2019 - 08:36 UTC

  Chinese president Xi on state visits to Italy , Monaco and France

  

  Chinese President Xi Jinping will travel to Italy, Monaco and France this week, the foreign ministry said on Monday, with Rome expected to join his global trade infrastructure program despite reservations in other European countries.

• Friday, March 8th 2019 - 09:15 UTC

  Euro zone interest rates frozen for twelve months given overall slowdown

  

  Interest rates in the Euro zone will not rise until next year at the earliest, the European Central Bank has signaled amid evidence of a slowdown in the 19 countries using the single currency. The ECB also unveiled a round of fresh stimulus, offering banks cheap loans to try to help revive the economy.

• Thursday, March 7th 2019 - 09:06 UTC

  Brits love holidays in Spain: 14 million holidayed in sunny Spain in 2017

  

  Brits love a holiday and whether we’re looking for a beach getaway or a city break, the next flight is often not too far away. But which long haul and short haul destination is the UK’s favorite? How long do we stay and how much do we spend? Newly collected travel data reveals UK’s favorite holiday destinations.

• Thursday, February 28th 2019 - 08:23 UTC

  Investigation into Odebrecht corruption network in the Netherlands

  

  Prosecutors raided locations across the Netherlands on Tuesday as part of an investigation into the alleged use of shell companies to distribute US$ 100 million in bribes on behalf of Brazilian conglomerate Odebrecht SA.

• Wednesday, February 20th 2019 - 10:16 UTC

  UK supermarkets stockpiling ahead of Brexit on March 29; shortages and higher prices forecasted

  

  Britons could face shortages of fresh food, price rises and less variety if the country leaves the European Union next month without agreeing trade terms, food industry officials say.

• 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 15th 2019 - 07:15 UTC

  End for a symbol of Europe technology: Airbus will cease production of the A380

  

  The world’s largest airliner has run out of runway after Airbus decided to close A380 production after 12 years in service due to weak sales. The decision to halt production of the A380 superjumbo is the final act in one of Europe’s greatest industrial adventures and reflects a dearth of orders by airline bosses unwilling to back Airbus’s vision of huge jets to combat airport congestion.

• Tuesday, February 12th 2019 - 09:41 UTC

  UK and Switzerland sign a post-Brexit “continuity agreement” on trade

  

  The UK and Switzerland have signed a deal to continue trading after Brexit as they did before it. The “continuity agreement” - based on the EU's existing free trade deal with Switzerland - was agreed in December but ratified on Monday.