Breaking News: Europe
Google’s 2.4 billion euro fine upheld by Europe’s top court in EU antitrust probe
The European Union flag is seen with Google’s logo. Jaap Arriens | NurPhoto | Getty Images Europe’s top court on Tuesday upheld a 2.4 billion euro ($2.65 billion) fine imposed on Google for abusing its dominant position by favoring its own shopping comparison service. The fine stems from an antitrust investigation by the European Commission, […]
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Netherlands expands export curbs on chip tools with more ASML equipment impacted
An icon of ASML is displayed on a smartphone, with an ASML chip visible in the background. Nurphoto | Nurphoto | Getty Images The Dutch government on Friday announced it is expanding export restrictions on advanced semiconductor manufacturing equipment, bringing more of ASML‘s machines under curbs. More types of chipmaking tools are now subject to […]
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Former EU Brexit negotiator Michel Barnier named new French prime minister
BRUSSELS, BELGIUM – MARCH 05: European Union Chief Brexit negotiator Michel Barnier speaks during a conference after the first round of UK-EU negotiations in Brussels, Belgium on March 05, 2020. Anadolu Agency French President Emmanuel Macron has named Michel Barnier, the European Union’s former Brexit negotiator, as prime minister in a bid to end a […]
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Volkswagen warns of plant closures in Germany, citing ‘extremely tense’ situation
A VW Golf GTI stands in a parking lot within sight of the brand tower on the grounds of the VW plant in Wolfsburg. Picture Alliance | Picture Alliance | Getty Images German carmaker Volkswagen on Monday warned it will no longer be able to rule out plant closures in the country, citing the specter […]
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Euro zone inflation falls to 3-year low of 2.2%, backing September rate cut case
A woman takes a selfie photo, with the Eiffel Tower in the background, at Surcouf street in Paris, on July 23, 2024, ahead of the Paris 2024 Olympic Games. Mauro Pimentel | Afp | Getty Images Euro zone inflation dropped to a three-year low of 2.2% in August, flash figures from statistics agency Eurostat showed […]
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Body of British tech entrepreneur Mike Lynch retrieved from Sicily yacht wreckage
Mike Lynch, former chief executive officer at Hewlett-Packard Co.’s Autonomy unit, speaking at a conference on Thursday, April 25, 2013. Bloomberg | Bloomberg | Getty Images LONDON — The body of British technology entrepreneur Mike Lynch, 59, has been retrieved from the wreckage of a yacht that sank off the coast of Sicily, a source […]
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European Union slashes planned tariffs on China-made Tesla EVs, other Chinese firms
Cars are parked at a Tesla dealership. The car manufacturer Tesla presents its business figures for the past quarter after a decline in deliveries. Sebastian Gollnow | Picture Alliance | Getty Images The European Union on Tuesday said planned tariffs on Tesla vehicles being imported from China would be cut to 9% from 20.8%, while also […]
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British tech entrepreneur Mike Lynch reported missing after superyacht sinks off Sicily
Mike Lynch, former chief executive officer at Hewlett-Packard Co.’s Autonomy unit, speaking at a conference on Thursday, April 25, 2013. Bloomberg | Bloomberg | Getty Images LONDON — British tech entrepreneur Mike Lynch is missing after the sinking of a superyacht off the coast of Sicily, sources familiar with the matter told CNBC. The sources, […]
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UK economy expands 0.6% in second quarter; June growth stalls
A guided tour in the center of in York, UK, on Friday, June 7, 2024. Bloomberg | Bloomberg | Getty Images The U.K. economy grew by 0.6% in the second quarter of the year, the Office for National Statistics said Thursday, continuing the country’s cautious recession rebound. The reading was in line with the expectations […]
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UK inflation rose to 2.2% in July, back above Bank of England’s 2% target
Shoppers walk along the high street in Rochester, UK, on Tuesday, July 16, 2024. Chris Ratcliffe | Bloomberg | Getty Images U.K. inflation rose to 2.2% in July, coming in slightly below expectations, data from the Office of National Statistics showed Wednesday. Economists polled by Reuters had been expecting headline CPI to come in at […]
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