LONDON— Britain's prime minister on Monday outlined who will be allowed to vote in a referendum on whether or not the country should remain in the European Union, opting to exclude most voters from the 28- nation bloc who live in the U.K.. His plans also include a tour of European capitals to press his case that the EU needs to be reformed, hoping that the upcoming vote...» Read More
European Union Competition Commissioner Neelie Kroes said on Wednesday that a top U.S. Justice Department official's criticism of an EU court decision against Microsoft was "totally unacceptable."
U.S. private investment firm Kohlberg Kravis Roberts & Co (KKR) won competition clearance from the European Commission on Wednesday to buy audio equipment maker Harman International Industries for some $8 billion.
The headlines seemed dire enough: Microsoft Smacked; Microsoft Dealt Severe Blow; Microsoft Crackdown. All of it stemming from a European court's decision earlier today to uphold the $605 million fine levied against the world's largest software maker back in 2004 when the company lost its anti-trust case with the European Union.
Microsoft suffered a stunning defeat on Monday when a European Union court backed a European Commission ruling that the U.S. software giant illegally abused its market power to crush competitors.
Microsoft may find it hard to appeal a landmark decision from the European Union Court of First Instance to uphold a European Commission anti-trust fine, because it sets important precedents for EU competition issues, officials said Monday.
Credit worries once more haunt world markets, but frankly, the only headlines that matter are the ones that will be released by the Fed tomorrow afternoon. The big story of today though is what former Fed Chairman Alan Greenspan is saying.
Inflation in the 13 euro nations was 1.7% in August, the European Union's statistical agency said Friday, lowering its earlier estimate of 1.8%.
Risks to global expansion have recently increased due to tensions in the U.S. subprime mortgage market and there are fears of growing spillovers to other segments, the European Central Bank said on Thursday.
Societe Generale, France's second-biggest listed bank, said on Monday that its financial targets for 2007-2008 were unchanged despite experiencing difficult market conditions in August.
British firms' costs fell more than expected in August, while prices at the factory gate rose as forecast, official data showed on Monday.
Euro-zone interest rates have further to rise, European Central Bank Governing Council member Axel Weber said on Friday, although other policymakers stressed no move is imminent given uncertainty over the credit crunch.
The eurozone finance ministers' chairman said on Friday French President Nicolas Sarkozy was neither noble nor correct to claim some of the credit for the European Central Bank's decision to keep interest rates on hold.
EU ministers and national experts are due to approve a genetically modified (GMO) sugar beet variety this month despite a long running dispute over the use of biotechnology.
The European Central Bank kept its key monetary policy rate flat at 4% on Thursday due to persistent turbulence in the financial markets because of fears of a spillover of the U.S. subprime crisis.
Another rise in euro-zone interest rates looked assured last month, but the turmoil in the credit markets has brought pressure on European Central Bank President Jean-Claude Trichet to keep rates at 4%.
Euro zone growth next year could be weakened by the credit crisis triggered by high-risk U.S. mortgage debt, the chairman of euro zone finance ministers, Jean-Claude Juncker, said on Wednesday.
Norwegian Air Shuttle ordered 42 Boeing Co 737-800 planes with a list price of $3.1 billion, landing the U.S. group its biggest European 737 order this year and its biggest-ever order from a Scandinavian carrier.
German business confidence slipped again in August for the third month in a row amid volatility on global financial markets, a closely watched survey showed Tuesday, but the decline was smaller than expected.
Irish building materials group CRH posted a slightly stronger than expected 27% rise in first-half profit on Tuesday and said it expected strong growth for 2007 as a whole.
The head of a key European structured finance division at Barclays Capital has quit this week, sources familiar with the matter said, as market turmoil battered the investment structures that his team helped arrange.