EU

Apple paid Rbs1.18bn (12.3mn dollars) to the Russian state budget after a Moscow court found it guilty of abusing the App Store's dominant position. FAS, Russia’s anti-monopoly regulator, announced Monday that it had received payment in…

Logistics experts warn that attacks on ships in the Red Sea could disrupt supply chains and create chaos for Europe's retailers and manufacturers. Since Yemen's Houthi militants, backed by Iran, increased attacks last month on vessels…

Dyson lost its battle to get compensation of €176mn from Brussels for damages that it claimed were caused by energy label tests that penalised their vacuum cleaners. The British engineering company sought redress with the European…

Eurostar was reprimanded by regulators for "misleading' adverts, after they found that only a small percentage of tickets were sold at the promised £39. , the train company, urged customers to "treat themselves to a European getaway…

The EU is working on a plan to provide Ukraine with a financial back-up of up to 20 billion euros, using a debt-structure that will allow it avoid Viktor Orban's objections about funding this war-torn nation. Officials are looking for…

As part of an agreement to gradually overhaul the budget framework of the EU, EU finance ministers have given in to German demands for strict debt-reduction regulations. After months of haggling the package grants EU member states more…

After EU regulators determined that three of the largest pornography websites in the world fell under the scope of an important law designed to police online content, they will now be subjected to new regulations including more stringent…

Adobe abandoned its $20bn proposed acquisition of Figma's product design software, claiming that there was no "clear path" to obtain necessary regulatory approvals from UK and EU watchdogs. The deal was investigated by both UK and EU…

Ryanair CEO Michael O'Leary will receive a €100mn Bonus due to the low-cost carrier's shares reaching a new record. The shares rose to €18.99, which brings their gains for the past year to over 50%. This highlights Ryanair as the most…

EU leaders agreed to start talks with Ukraine for its accession after Hungary's Prime Minister changed his mind about opposing this important step for the country. This decision is a significant milestone in Kyiv's path towards joining the…

Cevian Capital, one of Europe's biggest activist investors, has seen gains of nearly 20 percent this year. This is due to the performance of building materials company CRH which switched its primary listing from London to New York this…

Years ago, Brexiteers referred to the UK as "a treasure island" that brought Berlin billions of dollars in revenue each year. It was prophesied that one day, the German Chancellor will convince Brussels to give in to British demands and…

Economists warn that office landlords in Europe are going to face a cash crunch of £34bn as more staff work from home. According to S&P Global, the commercial real estate industry in Europe will face a funding shortage between…

Amazon's proposed $1.45bn purchase of iRobot drew a formal opposition from the EU's Antitrust regulator. The regulator said that the deal would allow Amazon to use its dominant position to punish competitors of the Roomba manufacturer.…

Food industry officials say they are running out of time in order to prepare for the new EU regulations to reduce carbon emissions within supply chains. They accuse Brussels of issuing proposals lacking detail and that will not stop…

Hedge funds have profited from a series well-timed bets on wind energy stocks. Some are betting that the sector will continue to suffer. Marshall Wace, Qube Research & Technologies and other quantitative traders have all made…

Wolfgang Schubert Raab remembers the boom years when his company could not build enough homes. Raab Construction's managing director said that in 2021 before the company had even poured a single cubic metre of cement, they'd received…

Apple's tax dispute with Brussels over €14.3bn has suffered a setback after an advisor to the EU top court suggested that an earlier ruling on its business in Ireland be rescinded. Giovanni Pitruzzella said that the landmark ruling which…