English Newsletters Events Podcasts Videos Africanews Search

Peggy Corlin

Europe

EU Commission reaches for brakes on FI motor deal

The European Commission announced on Thursday that it will investigate Formula One owner Liberty Media's €3.5 billion euro deal for the motorcycle racing league MotoGP World Championship, as the deal risks raising prices for the licensing of broadcasting rights for motorsport events of both brands.

Europe

France’s political instability deepens opposition to Mercosur deal

French opposition to the Mercosur agreement concluded by the European Commission on 6 December has been trenchant, but its domestic political situation is feeding the stance.

Europe

Mercosur: what’s new, what's next in the deal?

The agreement reached by the European Commission contains new provisions which seek to respond to the opponents of the agreement. But the process that must follow the political agreement reached on Friday is far from a done deal for the European executive.

Europe

Von der Leyen clinches EU-Mercosur trade deal despite French hostility

The European Commission and Mercosur countries announced on Friday the conclusion of an agreement creating a free trade area covering 780 million people. However, the deal will have to be sealed by EU member states.

ADVERTISEMENT

Belgium

Von der Leyen flies to Mercosur summit amid French political turmoil

While the President of the European Commission Ursula von der Leyen landed in Uruguay to finalize the Mercosur agreement, France, in the midst of a political crisis, continues to voice its opposition to the trade agreement.

Business

HSBC €31,7 million trader 'chat room' cartel fine upheld by EU court

The European judges dismissed HSBC’s procedural challenge against the cartel fine imposed by the European Commission in 2021.

Europe

Mercosur: France seeks to rally blocking minority against trade deal

While Germany and Spain strongly endorse the Mercosur deal, France is trying to rally a blocking minority to halt the agreement. It is hopeful that Italy, Austria, Poland and the Netherlands will join Paris.

Europe

French trade minister flags defensive trade tools for Trump presidency

As the 27 trade ministers gathered for the first time since Donald Trump's re-election, the use of defensive trade tools against the US could be an option in case of Trump's aggressive trade policy, according to French minister Sophie Primas.

Tech News

Consumer report finds Big Tech don't comply with digital market rules

European consumer association BEUC considered that Meta, Apple and Google still have to improve the interoperability of their platform to third party businesses to comply with the Digital Market Act.

Europe

EU slaps Meta with €797 million fine

The European Commission slapped a €797, 72 million fine on Facebook’s owner Meta for abusing its dominant position in the market for personal social networks on Thursday, for preferencing its online classified ads service Facebook Marketplace.

Europe

Poland's agriculture ministry has 'reservations' over Mercosur deal

As a deal looms by the end of the year, Poland’s agriculture ministry has published a statement where it registers reservations over the Mercosur agreement. It should please France which leads the opposition to the deal.

Europe

EU court dismisses banks' appeal in cartel case

The European judges dismissed appeals lodged by Credit Agricole and Credit Suisse against a 2021 Commission decision that exchange of sensitive information between traders was an anticompetitive cartel in the secondary trading market.

Europe

EU-Mercosur trade deal could be 'fair,' Šefčovič promises

Grilled by MEPs on the trade deal with Latin American countries, Slovakia’s Commissioner-designate defended a deal that would satisfy opponents demanding insurances for farmers and transparency.

Europe

US election: What future for global enforcement of Big Tech?

This week's election could prove a turning point for US antitrust enforcement, especially of Big Tech, with ramifications for Europe since the last few years have seen similar approaches adopted on both sides of the Atlantic.

Europe

MEPs will meet US counterparts in Texas three days after US elections

A delegation of MEPs travelling to Texas to meet American counterparts three days after the US elections next week is aiming to make first contact with a new regime, whether Trump or Harris wins, according to its members.

Europe

EU judges confirm annulment of tech giant €1.06 billion fine

After almost 20 years of legal battle, the European judges have ruled in favour of US tech giant Intel annulling a €1.06 billion fine imposed by EU antitrust enforcer.

Europe

No analysis of competition impact, EU auditors said about crisis aid

As the EU loosened several times its state aid rules after the COVID-19, a report of the European auditors found that analysis of the impact on competition was missing.

Europe

French MPs are putting pressure on France over Mercosur deal

As a deal with Mercosur countries looms, French MPs in Strasbourg and Paris ramp up pressure on France over environmental and agricultural concerns.

Europe

X evades compliance with landmark EU antitrust regulation

The European Commission confirmed that X is not designated a gatekeeper under the EU's landmark Digital Markets Act (DMA), meaning that the social media giant need not comply with additional compliance obligations imposed under the antitrust regulation for big platforms.

Europe

The Global Gateway promotes only business interests, according to NGOs

Anti-poverty campaigners complain that the European Commission is promoting business interests over development in its Global Gateway, the EU’s answer to China’s multi-billion Belt and Road initiative – but officials argue a private sector focus is more efficient.

ADVERTISEMENT