EU
Auto giants are getting nervous about the prospect of mega fines as EV demand falters
Workers producing pure electric vehicles at a Volkswagen (Anhui) workshop in Hefei, China, on Sept. 25, 2024. Cfoto | Future Publishing | Getty Images Europe’s top car giants appear to be increasingly concerned about the prospect of massive fines, particularly as electric vehicle demand falters ahead of the next tightening of carbon regulations. Automakers operating […]
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Euro zone inflation falls to 1.8% in September, below the European Central Bank’s 2% target
Visitors pass shops on a pedestrianized street in the old town in A Coruna, Spain, on Thursday, Sept. 26, 2024. Manaure Quintero | Bloomberg | Getty Images Euro zone inflation fell to 1.8% in September, coming in below the European Central Bank’s 2% target, flash data from statistics agency Eurostat showed Tuesday. The reading was […]
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German inflation drops to 1.8% in September, below expectations
Shoppers at the Alexanderplatz in Berlin, Germany, on Wednesday, Sept. 25, 2024. Krisztian Bocsi | Bloomberg | Getty Images The harmonized German consumer price index eased to 1.8% in September, coming in lower than expected, preliminary data from the country’s statistics office Destatis showed on Monday. The September harmonized CPI figure had been forecast to come […]
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UniCredit’s pursuit of Commerzbank reflects a watershed moment for Europe — and its banking union
Key Points European banking’s latest takeover battle is widely regarded as a potential turning point for the region — particularly the bloc’s incomplete banking union Italy’s UniCredit has ratcheted up the pressure on Frankfurt-based Commerzbank in recent weeks as it seeks to become the biggest investor in Germany’s second-largest lender with a 21% stake. The Milan-based bank, […]
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Why EU tariffs are unlikely to dent Chinese EV makers’ European expansion
People look at a BYD Dolphin electric subcompact during the 2023 Shenyang International Auto Show on May 3, 2023 in Shenyang, Liaoning Province of China. Vcg | Visual China Group | Getty Images Chinese electric vehicles will remain competitive in Europe despite the EU’s additional tariffs on autos made in the country, particularly after they […]
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‘I don’t think that was the right decision.’ Booking Holdings CEO on being labeled a ‘gatekeeper’ under EU law
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Booking Holding’s CEO Glenn Fogel told CNBC’s Monica Pitrelli that he isn’t against regulations, like the European Union’s Digital Markets Act, but that he wants “rules to apply to everybody equally.” Source
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Ireland now needs to decide what it will do with 13 billion euros in back taxes from Apple
Shoppers on Wicklow Street in Dublin, Ireland, on Thursday, March 28, 2024. Bloomberg | Bloomberg | Getty Images A landmark ruling from the European Union’s top court means Ireland will receive 13 billion euros ($14.4 billion) in unpaid taxes from Apple — a windfall that Dublin had spent several years fighting to avoid. It leaves […]
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Car giants are being forced to confront some hard truths over the EV transition
The Volvo logo is displayed at the Volvo Cars Hill Country dealership on September 04, 2024 in Austin, Texas. Brandon Bell | Getty Images News | Getty Images European car giants are contending with a perfect storm of challenges on the path to full electrification, including a lack of affordable models, a slower-than-anticipated rollout of […]
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Apple loses EU court battle over 13 billion euro tax bill in Ireland
Omar Marques | Sopa Images | Lightrocket | Getty Images Europe’s top court on Tuesday ruled against Apple in the tech giant’s 10-year court battle over its tax affairs in Ireland. The pronouncement from the European Court of Justice comes hours after Apple unveiled a swathe of new product offerings, looking to revitalize its iPhone, […]
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China begins anti-dumping probe into Canadian rapeseed
Cooking oils made from canola from Canada and soybeans are offered for sale at a grocery store on April 26, 2022 in Chicago, Illinois. Scott Olson | Getty Images China announced on Monday the start of a one-year anti-dumping investigation into imports of rapeseed from Canada, just weeks before Ottawa’s 100% tariffs on Chinese-made electric vehicles and other products come into force. […]
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