City Brussels Financial News
15.11 / 08:15
Google
Platform
Apple
Instagram
Trade
social
Investigations
EU slaps Meta with a nearly 800 million euro fine for engaging in 'abusive' Marketplace practices
European Union regulators hit Facebook parent Meta with a fine of nearly 800 million euros on Thursday for what it calls “abusive practices” involving its Marketplace online classified ads business
12.11 / 19:33
Target
Digital
Platform
Instagram
show
social
information
Facebook and Instagram users in Europe can opt for less personalized ads
Facebook and Instagram users in Europe will get the option to see less personalized ads if they don’t want to pay for an ad-free subscription
12.11 / 14:03
COST
UPS
President
War
EU top diplomat nominee strongly backs Ukraine and underlines China's links to the war
The nominee for the European Union's next top diplomat says the bloc must commit to Ukraine for the long-haul even as the war's costs mount
11.11 / 17:57
markets
Progressive
Strategy
awards
wellness
RAI
PAM
EU sees 'slim' chance of success in EV tariff negotiations with China
European Union sees very limited progress in negotiations with China aimed at finding an alternative to tariffs on electric vehicles and the bloc currently sees little prospect of a quick deal, according to people familiar with the matter. China and the EU will continue technical talks this week after discussions in Beijing where both sides touted some progress. However, the chances of a deal remain slim for now, said the people, who spoke on condition of anonymity. China hasn't yet moved toward the EU's strict requirements on ensuring that any arrangement is enforceable and matches the effect of the anti-subsidy tariffs the bloc adopted last month, they said.
11.11 / 17:57
markets
Strategy
wellness
Trade
RAI
PAM
EU brandy to face anti-dumping steps from Beijing
anti-dumping measures" on brandy imported from the European Union, deepening a trade standoff between Beijing and Brussels after similar measures last month. China announced provisional tariffs on EU brandy imports last month, saying the alleged «dumping» threatened «substantial damage» to the domestic industry. And Beijing's commerce ministry said in a statement Monday that authorities have «decided to implement temporary anti-dumping measures in the form of a cash deposit or letter of guarantee» against European brandy products.
05.11 / 14:33
markets
UPS
FIVE
Trade
President
China files complaint at World Trade Organization over EU tariffs on Chinese electric vehicles
China has moved forward with a complaint at the World Trade Organization that alleges the European Union has improperly set anti-subsidy tariffs on new Chinese-made electric vehicles
31.10 / 14:57
Target
BLOCK
European Commission
country
information
Department
medicines
Pharmaceuticals
EU Commission fines Teva $500 million for trying to stop rival's multiple sclerosis drug
The European Commission has fined Israeli generic drugmaker Teva more than 460 million euros ($500 million) for improperly seeking to protect the patent for its multiple sclerosis drug and for disparaging a rival company’s development of a competing me...
31.10 / 14:57
markets
FIVE
Digital
Platform
recommendations
prevention
Investigations
Chinese online retailer Temu faces European Union investigation into rogue traders and illegal goods
Chinese online retailer Temu is facing a European Union investigation over suspicions it’s failing to prevent the sale of illegal products
29.10 / 16:51
markets
FIVE
Manufacturing
wellness
Trade
2020
Investigations
The EU will impose duties on electric vehicle imports from China from Thursday
The European Union says it will impose duties on imports of electric vehicles from China from Thursday, after talks between Brussels and Beijing failed to find an amicable solution to their trade dispute
24.10 / 19:49
markets
Target
Strategy
AMD
Justice
Courts
Intel scores fresh win against EU after top court backs annulment of billion-euro antitrust fine
Chipmaker Intel has won a fresh victory in a long-running battle against European Union competition watchdogs after the bloc’s top court confirmed a lower tribunal’s decision to overturn a billion-euro antitrust penalty
17.10 / 11:39
markets
Provident
Deloitte
Experts
PAM
social
Australia to send fleet of ageing Abrams tanks to Ukraine
Abrams tanks to Ukraine, bolstering its ground forces ahead of a difficult winter campaign, the defence department said Thursday. The M1A1 Abrams tanks — weighing over 60 tonnes and equipped with heavy firepower — were due to be decommissioned starting next year. Instead, they will be sent to help the war effort in Ukraine, a welcome boost on the back of a $425 million arms package recently unveiled by Washington.
16.10 / 15:09
markets
Blockchain
UPS
security
Bitcoin
exclusive
reports
ESMA Pushes for Stricter Crypto Regulation, Proposing Mandatory Cyber Audits
Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, Business2Community, and...
08.10 / 10:35
UPS
Digital
Platform
TikTok
social
Courts
Videos
Facebook, YouTube and TikTok users in Europe get forum to challenge social media content decisions
Social media users across the European Union will soon have a new forum to challenge decisions by platforms to remove posts and videos for breaking their rules or leave up others that may violate them
04.10 / 14:23
markets
Manufacturing
economy
wellness
Trade
Experts
country
EU countries vote to impose duties on China EVs ahead of an end-of-October deadline
European Union countries have voted to impose duties on imports of electric vehicles from China, as talks continue between Brussels and Beijing to end the standoff before an end-of-October deadline
04.10 / 09:53
markets
UPS
MET
Manufacturing
security
Strategy
Is Europe’s biggest battery maker about to run out of juice?
Subscribe to enjoy similar stories. Europe’s great hope for battery independence is fighting for survival after the company said it was cutting 1,600 jobs and curtailing expansion plans. Northvolt was the darling of the European cleantech industry, attracting billions in funding from the world’s biggest automakers, banks and governments.
02.10 / 17:17
Cooper
security
President
reports
rights
Relationships
International
The UK and EU vow to mend their Brexit battered ties. They will set a new agenda and hold summits
The United Kingdom and the European Union say they will strengthen their relationship after the damage caused by Brexit
30.09 / 12:35
UPS
Election
President
Inside
Investigations
Trial of Le Pen in France complicates far-right leader’s move to mainstream
Subscribe to enjoy similar stories. PARIS : Marine Le Pen and dozens of other members of National Rally stand trial on Monday on charges of misusing European funds, a case that risks disrupting the French politician’s efforts to carry her far-right party into the political mainstream. French prosecutors allege Le Pen and other National Rally leaders used close to 7 million euros—or around $7.8 million earmarked for assistants working inside the Strasbourg-based European Parliament—to pay party staffers in other parts of France between 2004 and 2017.
27.09 / 04:47
markets
UPS
Provident
Volkswagen
economy
Tesla
How Europe’s battery hope has become a symbol of the EV bust
Northvolt AB was supposed to power Europe’s response to the likes of Tesla Inc. and China’s fast-growing electric vehicle makers. Instead, the Swedish battery company is fighting to stay afloat. As it faces a crushing liquidity crunch, the company’s creditors will meet Friday to decide on freeing up funds critical to its survival. On Thursday, Harald Mix, Northvolt’s founder and owner of a 7.2% stake, said he plans to provide new capital to the company, pointing to the “important role” it plays in European competitiveness. Burning cash as it struggles to deliver the batteries it promised customers, Northvolt this week said it’s shedding a fifth of its global staff and suspending the expansion of its main factory in northern Sweden. With Europe’s battery boom turning to bust, more pain may be in the offing.
26.09 / 20:01
UPS
MET
War
track
country
reports
North Macedonia's leader is angry at prospect of a new setback in his country's bid to join the EU
North Macedonia’s conservative prime minister has reacted angrily to reports that his country’s troubled European Union accession bid hit a new hurdle because of a dispute with neighboring EU member Bulgaria
20.09 / 03:01
economy
wellness
War
reports
travelers
International
EU chief travels to Kyiv with promise of fresh energy funds to get Ukraine through winter
European Union chief Ursula von der Leyen is traveling to war-ravaged Ukraine with the promise of 160 million euros in fresh energy funds to get the nation through the winter
18.09 / 07:17
security
Mercantile
Trade
War
show
reports
How Biden let Europe slip away
Subscribe to enjoy similar stories. The Biden administration hasn’t been good for the trans-Atlantic alliance. This might seem a surprising claim, given that Joe Biden’s team and Kamala Harris’s campaign have touted improved U.S.-European ties as their greatest foreign-policy achievement.
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