Tag: European Commission

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.
Friday, September 28th 2018 - 08:23 UTC
EC calls for calm as deadline for a possible UK withdrawal enters critical phase

A spokesman for the European Commission said calmness not drama was needed during the critical end phase of negotiating a withdrawal agreement between the European Union and the United Kingdom.
Thursday, September 20th 2018 - 08:32 UTC
US supplants Brazil as leading supplier of soybeans to the European Union

The United States has supplanted Brazil as the European Union's top supplier of soybeans since a deal in July with President Donald Trump to avert a trade war, according to EU data seen by Reuters on Thursday.
Wednesday, September 19th 2018 - 08:59 UTC
Apple pays €14.3bn to the Irish treasury, an EU tax Dublin does not want to collect

Apple has paid the Irish government €14.3bn (£12.7bn), money that the European Commission ruled the tech giant owed due to illegal tax breaks. Ireland's Finance ministry said the payment was a “significant milestone”, although Dublin insists Apple was not given any special tax treatment. In 2016 the Commission ruled the below 1% effective tax rate the firm paid in Ireland amounted to illegal state aid.
Monday, September 17th 2018 - 08:16 UTC
A no-deal exit from the EU would deliver a “hammer blow” to the British economy says head of CBI

A no-deal exit from the European Union would deliver a “hammer blow” to the British economy, the head of the CBI has warned. The business body’s director general Carolyn Fairbairn said the country should get behind Prime Minister Theresa May’s Chequers proposals as a blueprint for a Brexit deal.
Thursday, August 30th 2018 - 09:00 UTC
EU and UK adopt a milder approach in an attempt to avoid a “Brexit no deal”

The EU must back Theresa May's Brexit plan or risk the UK leaving without a deal, the most senior member of the UK PM's cabinet has said. Cabinet Office Minister David Lidington said the European Commission's proposals remained unacceptable and he appealed for compromise from the EU side in Brexit talks.
Wednesday, July 25th 2018 - 06:06 UTC
Italy rejects Brussels plan to pay Euro 6.000 for each migrant saved at sea

“We don't want money, we want dignity”, was the reply of Italian Minister of Interior Matteo Salvini to the European Commission proposal for EU member states be paid 6,000 Euro to accept and deal with each migrant saved at sea in the Mediterranean as they attempt to reach the European Union.
Tuesday, July 24th 2018 - 02:41 UTC
G20 begin talks on global rules to tax the digital economy

European finance leaders called for progress on global rules to tax the digital economy at a meeting of G20 finance ministers and central bankers in Argentina on Sunday, putting them at odds with U.S. counterparts.
Saturday, July 21st 2018 - 08:20 UTC
EC warns 27 members to prepare for “significant disruptions” after Brexit

The European Commission has issued a warning to governments, businesses and citizens in the 27 remaining EU states to prepare for “significant disruption” as a result of Brexit.
Saturday, July 21st 2018 - 07:51 UTC
EU finds some “good points” in PM May's post Brexit blueprint, but clarifications are needed

The EU's top negotiator Michel Barnier expressed doubts on Friday Jul 20 over Britain's new Brexit blueprint for future trade ties with the European Union, as he called for “rapidly” settling outstanding issues like the Irish border.