European Commission

France's growth push sets up showdown with Brussels

Tag teams (clockwise from top left) … France's President Francois Hollande and Italy's President Giorgio Napolitano hope their economies will move forward with the appointment of reform-minded Matteo Renzi and Manuel Valls as prime ministers. Photos: EPA, AP, Xinhua, Reuters

There is, after all, hope for France and Italy, the two main reform laggards in Europe's single-currency area.

Friday, 4 April, 2014, 5:25am

Indians remember telegram heyday as service stops

After 162 years, India is now set to disband the world’s last major telegram service. Photo: AFP

Sixty-six years ago, Santosh Sharma saw her mother sell gold bangles to feed and clothe her family of six and then dispatch telegrams to her brothers urging them to leave newly-created Pakistan and gather in New Delhi.

“Come, we will all live in India,” wrote Sharma’s mother, Devika.

11 Jul 2013 - 2:07pm

Samsung in talks to settle EU antitrust case: sources

Samsung has become a power to be reckoned with in the smartphone world, but its success has brought head-on conflict with Apple. Photo: AFP

Samsung Electronics is in early talks with the EU regulator to settle charges that its use of injunctions against arch rival Apple breached antitrust rules, two people familiar with the matter said.

26 Jun 2013 - 10:29am

The IMF's public mea culpa on that big fat Greek bailout

There are many disparate interests in the euro area.

It takes a big person to acknowledge he was wrong, and the International Monetary Fund has now repeatedly admitted to the failure of its euro-area rescue policies.

11 Jun 2013 - 4:39am

EU slaps tough tariff on Chinese solar panels

EC says mainland sold solar panels 88 per cent below cost. Photo: AFP

The European Commission imposed anti-dumping duties on imports of Chinese solar panels yesterday, defying German-led opposition and dire warnings from Beijing that the move could spark a trade war.

5 Jun 2013 - 4:05am

State media deny claims China putting pressure on EU in solar spat

Employees work on a solar panel production line at Suntech in Wuxi, Jiangsu province. Photo: Reuters

State media on Thursday repudiated claims China was pressuring the European Union to drop plans to impose punitive import duties on Chinese solar panels, adding EU member states had a right to dissent.

29 Aug 2013 - 4:13am

China enlists EU states to counter Brussels on tariffs

Chinese Premier Li Keqiang. Photo: Xinhua

China, dismayed at the tougher stance Brussels is taking in trade disputes, is seeking to put pressure on the European Commission by engaging EU member states and strengthening trade ties with non-EU European countries, analysts say.

29 May 2013 - 5:52am

EU exec to move spotlight from austerity to reforms on Wed

The European Commission’s annual assessment is going to continue to focus on the need to reduce deficits although the pace of cutbacks can be eased. Photo: AFP

The European Commission will further shift the EU’s policy focus from austerity to structural reforms to revive growth when it presents economic recommendations for each member state on Wednesday, officials said.

28 May 2013 - 10:03am

Angela Merkel and Li Keqiang call for end to EU-China solar trade row

A united front. Both German Chancellor Angela Merkel and Chinese Premier Li Keqiang say they want to head off a trade war. Photo: Xinhua

German Chancellor Angela Merkel and Chinese Premier Li Keqiang have both called for an end to a trade row between Europe and China over solar panels and wireless equipment, telling a joint news conference they were both for free trade.

27 May 2013 - 4:42pm 1 comment

Chinese airlines defy Europe over emissions rules

A short-haul China Southern jet prepares for take-off. Photo: Bloomberg

Mainland air carriers will continue to defy the European Commission's order to comply with its carbon emissions trading scheme and provide flight data to and within Europe.

18 May 2013 - 3:36am 3 comments

Euro rivals reject EC's threat of Chinese tariffs

Ericsson and Nokia Siemens have urged the European Commission to back off from threatening tariffs on their Chinese rivals Huawei Technologies and ZTE. Photo: AFP

Two of Europe's biggest telecommunications equipment makers, Ericsson and Nokia Siemens, have urged the European Commission to back off from threatening tariffs on their Chinese rivals in a row over alleged illegal government subsidies.

17 May 2013 - 3:06am 2 comments

EU raids oil majors in probe over possible price fixing

Royal Dutch Shell has had a surprise inspection from the European Commission over possible price fixing. BP, Shell and Norway’s Statoil said they had also been visited. Photo: EPA

The European Commission has carried out surprise inspections at several major oil companies over possible price fixing in breach of EU anti-trust rules.

The Commission did not name any of the companies involved in Tuesday’s raids but British energy giant BP, Shell and Norway’s Statoil said that their offices had been visited.

15 May 2013 - 12:00pm

Portugal prime minister announces heavy spending cuts

Portuguese Prime Minister Pedro Passos Coelho. Photo: AP

Portuguese Prime Minister Pedro Passos Coelho on Sunday announced severe cuts in public spending following a decision by the constitutional court rejecting a number of austerity provisions this year’s budget.

29 Aug 2013 - 4:13am

Google free to extend its dominance of web search

The Federal Trade Commission (FTC) ended the antitrust probe into Google. Photo: NYT

Google is free to extend its dominance of the US$50 billion internet search market after US regulators ended an investigation into whether the company unfairly skewed search results to disadvantage competitors.

5 Jan 2013 - 5:02am

Google's US$2bn tax bill dodge sparks outrage

Google has legally put bags of cash in a shell company. Photo: AFP

Google avoided about US$2 billion in worldwide income taxes last year by shifting US$9.8 billion in revenues into a Bermuda shell company, filings show.

By legally funneling profits from overseas subsidiaries into Bermuda, which doesn't have a corporate income tax, Google cut its overall tax rate almost in half.

11 Dec 2012 - 2:55am