Google, Amazon among those targeted in EU unfair practices digital rules
Google, Amazon and other tech firms will have to tell companies how they rank their own or rival products on their platforms under new rules agreed by EU negotiators aimed at stopping unfair practices by online platforms and app stores.
Airbus’s A380 decision won’t cause major job losses in Germany – government
The German government is not expecting widespread job cuts in Europe’s largest economy following Airbus’s decision to scrap production of the A380 superjumbo, the aerospace policy coordinator told Reuters on Thursday.
Amazon faces probe into treatment of sellers in Austria
Austria’s competition authority has begun investigating whether Amazon is exploiting its market dominance in relation to other retailers that use its website as a marketplace, it said on Thursday.
Bottler Coca-Cola HBC warns of higher finance costs, lower consumer spending
Shares of soft drink bottler Coca Cola HBC AG fell 4 percent on Thursday after it warned of higher finance costs and weak consumer spending in several of its markets this year.
Belgium tax break for BP, others, upheld by EU court
BP, BASF and more than 30 other multinationals stand to benefit after EU judges overturned an order demanding Belgium revoke a tax break.
HSBC forex trading costs cut sharply by blockchain – executive
HSBC has reduced the cost of settling foreign exchange trades by a quarter through its blockchain-based system, an executive overseeing the project told Reuters, offering a glimpse of the savings the technology could offer banks.
With eyes on China, EU lawmakers back investment screening
EU lawmakers overwhelmingly backed a far-reaching system on Thursday to coordinate scrutiny of foreign investments, notably from China, to protect strategic technologies and infrastructure in Europe.
Britain’s RBS one of eight banks in EU bond cartel probe – Bloomberg
Royal Bank of Scotland is one of eight banks being probed by European authorities for its possible role in a euro bond trading cartel, Bloomberg reported on Thursday citing a source.
European shares, oil at three-month highs but no love for euro
Optimism about U.S.-China trade talks and bumper earnings lifted European shares to a three-month high on Thursday, though news that Germany only dodged recession by the narrowest of margins left the euro feeling unloved.
Austria’s competition authority launches probe into Amazon
Austria’s competition authority has initiated an investigation into whether Amazon is exploiting its market dominance in relation with other retailers that use its website as a marketplace, it said on Thursday.
