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  • Google's EU showdown offers openings to competitors Friday, 17 Apr 2015 | 11:58 AM ET

    That appears to be the European Union's strategy to pursue Google in a competition dispute by choosing to push a narrow set of charges around its shopping service, while opening another investigation of Google's Android mobile phone software. In accusing Google of anti-competitive practices against rival shopping sites, the EU competition authority said...

  • ATHENS, April 17- Greece will need to tap all the remaining cash reserves across its public sector-- a total of 2 billion euros-- to pay civil service wages and pensions at the end of the month, according to finance ministry officials. Athens' scramble for basic funds shows how extreme the financial constraints on Greek Prime Minister Alexis Tsipras have become as he...

  • LONDON, April 17- European Union plans to help markets raise more funds for the economy play to London's strengths as a global trading centre, the bloc's financial services chief Jonathan Hill told leading bankers and dealers on Friday. In his first speech to London's financial community since his appointment to the European Commission last November, the...

  • Boeing sees F/A-18 Middle East export decision soon Thursday, 16 Apr 2015 | 6:05 PM ET

    BRUSSELS, April 16- Boeing Co expects a decision from a Middle East nation on whether to buy its F/A-18 fighter jet within months, the programme's top international sales executive said on Thursday. Speaking in Belgium, where another fighter competition is on the horizon, Howard Berry expressed optimism that Boeing would capture enough domestic and foreign...

  • LONDON, April 16- The lead market is on a tear. The least sexy of the industrial metals traded on the London Metal Exchange has surged by over 20 percent from its March lows to a current $2,040 per tonne. The impact on spreads and positioning is still evolving, not least because of follow-on hits on LME inventory such as this morning's fresh 15,500 tonnes of...

  • LONDON, April 16- Default insurance markets show no obvious concern at the growing risk that Greece will leave the euro zone, suggesting investors can now contemplate a future for the currency union without Athens. Default probabilities derived from credit default swaps-- seen as the purest gauge of credit risk-- have fallen this year in Italy, Spain and Portugal...

  • TEXT-Greek PM Tsipras's statement to Reuters Thursday, 16 Apr 2015 | 9:37 AM ET

    ATHENS, April 16- Greek Prime Minister Alexis Tsipras told Reuters he was "firmly optimistic" his government would reach an agreement with foreign creditors by the end of April despite disagreements on issues such as pension and labour reform. "The Greek government is working hard on every individual aspect of the negotiations, in Brussels just as much as in...

  • ATHENS, April 16- Greek Prime Minister Alexis Tsipras told Reuters on Thursday he was "firmly optimistic" his government would reach an agreement with foreign creditors by the end of April despite friction over issues such as pension and labour reform. German Finance Minister Wolfgang Schaeuble, among Tsipras's harshest critics, went so far as to say on...

  • Greek bond yields soar as debt default fears swell Thursday, 16 Apr 2015 | 7:34 AM ET

    LONDON— Mounting fears of a Greek debt default sent the country's borrowing costs surging higher Thursday and prompted one prominent U.K. bookmaker to stop taking bets on the possibility of Greece leaving the euro. Greece owes the IMF around 1 billion euros in repayments next month. "What is concerning is how quickly these' informal' talks could turn into serious...

  • *Vestager insists not swayed by EU governments, Google rivals. BRUSSELS, April 16- Google boss Eric Schmidt might have missed it in the uproar over the EU's antitrust charges against the U.S. tech giant, but European Competition Commissioner Margrethe Vestager wants to congratulate him. It was a throwaway line in an hour-long press conference in Brussels as...

  • *EU sends Google antitrust charge sheet over shopping searches. *Google says its products foster competition, help consumers. It also started another antitrust investigation into the Android mobile operating system, a key element in Google's strategy to maintain revenues from online advertising as people switch from Web browser searches to smartphone...

  • Google faces fight or flight choice against EU regulators Wednesday, 15 Apr 2015 | 3:48 PM ET

    But though such stonewalling has been seen in past disputes between the European Commission and U.S. tech firms, Google has stressed its willingness to settle and "move on" during the five years of inquiry that led up to Wednesday's announcement of EU charges accusing it of abusing its dominance in online searches. The Californian-based firm believes it has a...

  • *EU sends Google antitrust charge sheet over shopping searches. *Google says its products foster competition, help consumers. Investigations into Google's business practices in other areas would continue, with the shopping case potentially setting a precedent for concerns over Google's search products for hotels, flights and other services.

  • OSLO, April 15- Average carbon dioxide emissions from new cars sold in the European Union fell 2.6 percent last year, beating goals set for 2015 as part of efforts to slow climate change, the European Environment Agency said on Wednesday. The most carbon-efficient cars were bought in the Netherlands, Greece and Portugal with the least efficient in Estonia, Latvia...

  • *EU sends Google antitrust charge sheet over shopping searches. *Google says its products foster competition, help consumers. "If the investigation confirmed our concerns, Google would have to face the legal consequences and change the way it does business in Europe."

  • *EU sends Google antitrust charge sheet over shopping searches. *Google says its products foster competition, help consumers. "If the investigation confirmed our concerns, Google would have to face the legal consequences and change the way it does business in Europe."

  • EU alleges Google's abuses hurt consumers, innovation Wednesday, 15 Apr 2015 | 4:57 AM ET

    BRUSSELS— The European Union's escalating legal attack on Google is likely to ignite a debate about whether the Internet search leader makes life more convenient for consumers or abuses its power to squeeze out rivals who might have something better to offer. The contrasting views of Google's business practices came into sharper focus Wednesday after...

  • BRUSSELS— EU files antitrust charges against Google over search engine, probes Android mobile system.

  • *EU to accuse Google of abusing position- FT and Dow Jones. BRUSSELS, April 14- The European Union will accuse Google on Wednesday of abusing its dominant position in Internet searches in Europe, a step that could see the Internet giant fined up to $6.6 billion, the Financial Times and Dow Jones reported on Tuesday. The EU's Competition Commissioner Margrethe...

  • China tells Europe not to ignore its new trade status Tuesday, 14 Apr 2015 | 12:24 PM ET

    BRUSSELS, April 14- China's top diplomat in Brussels warned the European Union on Tuesday not to disregard changes to global trade rules set to favour Beijing and which European companies fear will open the bloc to a flood of cheap Chinese goods. World trading powers including Europe are in a bind over how to interpret a World Trade Organization protocol that...