Search Results for: competition

Competition: Commission invites stakeholders to provide comments on the application of EU competition law to collective bargaining agreements for self-employed

This article is brought to you in association with the European Commission. The European Commission has launched today a public consultation to gather views and evidence from citizens, businesses, social partners, academia, government bodies and all interested parties as part of an initiative to ensure that EU competition rules do not stand in the way of […]

EU-UK Trade and Cooperation Agreement: protecting European interests, ensuring fair competition, and continued cooperation in areas of mutual interest

This article is brought to you in association with the European Commission. After intensive negotiations, the European Commission has reached today an agreement with the United Kingdom on the terms of its future cooperation with the European Union. President of the European Commission, Ursula von der Leyen said: “It was worth fighting for this deal because […]

Mergers: Commission refers acquisition of newly created joint venture by Telefónica and Liberty Global to the UK competition authority

This article is brought to you in association with the European Parliament. The European Commission has referred the proposed acquisition by Telefónica S.A. and Liberty Global PLC of a newly created joint venture to the Consumers and Market Authority (“CMA”) of the UK, at its request. The proposed joint venture will combine Telefónica’s UK Limited business […]

Competition: The European Commission launches a process to address the issue of collective bargaining for the self-employed

This article is brought to you in association with the European Commission. The European Commission is launching today a process to ensure that the EU competition rules do not stand in the way of collective bargaining for those who need it. The initiative seeks to ensure that working conditions can be improved through collective agreements not […]

Antitrust: Commission consults stakeholders on a possible new competition tool

This article is brought to you in association with the European Commission. The European Commission has published today an inception impact assessment as well as an open public consultation inviting comments on exploring the need for a possible new competition tool that would allow addressing structural competition problems in a timely and effective manner. Stakeholders can […]

EU-UK future relations: “level playing field” crucial to ensure fair competition

This article is brought to you in association with the European Commission. Parliament calls for a level playing field to be guaranteed through robust commitments, and “dynamic alignment” of EU-UK rules. On Wednesday, the European Parliament adopted a resolution providing MEPs’ initial input to the upcoming negotiations with the British government on a new EU-UK partnership […]

New rules on drivers’ working conditions and fair competition in road transport

This article is brought to you in association with the European Parliament. Updated EU rules to fight illegal practices in road transport and to help improve drivers’ employment conditions were approved by the Transport Committee. EU rules on posted workers, based on the principle of “equal pay for equal work”, would apply to so-called ‘cabotage’ deliveries, […]

The EU clears Bayer-Monsanto merger amid wide competition and environmental concerns

Bayer’s cross at night (Copyright: Bayer AG)

Last week, the European Union formally gave its approval to Germany multinational company Bayer’s $62.5 billion acquisition of US-based Monsanto. Bayer AG, leader in the chemical and pharmaceutical industry, got one step closer to take over the world’s largest seed company, after agreeing to bolster BASF SE by selling to it seeds, pesticides and digital […]

EU starts in-depth investigation of Linde-Praxair merger over competition concerns

The Linde Group Logo (Source: The Linde Group website, Press Services, 2018)

The European Commission has opened an in-depth investigation to assess a proposed merger between German industrial gases group Linde and US peer Praxair Inc., under the EU Merger Regulation. The official announcement came last Friday, as the Commission said it has concerns “that the merger may reduce competition in the supply of several crucial gases, […]

Amazon, Luxembourg and Ireland hit by EU’s latest turn of the screw over competition

Margrethe Vestager, European Commissioner for Competition, in Brussels - Berlaymont, last week. (Copyright European Union, 2017 / Source: EC - Audiovisual Service / Photo: Lukasz Kobus)

Last week, the European Commission has ordered Amazon to pay a 250 million euros ($293 million) bill in back taxes to Luxembourg, as a consequence of “undue tax benefits”. The Commission also announced that it is planning to take the Irish government to European court over its failure to recover €13bn in unpaid taxes from […]

How will the NATO-EU competition evolve in the post Brexit era?

Last Saturday NATO’s Summit in Warsaw concluded after two days of tight discussions between member states on how to address current threats and react to new challenges. Two years have passed since the 2014 NATO Summit in Wales, but the many evolutions of the past 24 months made the Polish meeting a crucial one in the […]

Commission offers discount on fines to banks for competition infringements

Today, the European Commission fined 8 major banks a total of € 1.7 billion for participating in cartels rigging interest rate benchmarks in markets for financial derivatives covering the European Economic Area (EEA). According to the Commission, four of these firms participated in a cartel relating to interest rate derivatives denominated in euro, and six […]

Commission caps charges on card and Internet payments and enforces competition

It was high time that the European Commission tried to arrest the over-exploitation of European consumers by a handful of banks and credit card providers. This week Joaquín Almunia, Commission’s Vice President responsible for competition policy, and Michel Barnier, EU Commissioner in charge of internal market and services presented one draft regulation and one directive amendment, […]

EU Commission: Banking and energy conglomerates don’t threaten competition!

At a time when the financial sector in the eyes of the wider public all over the world, and more so in Europe and the US, is to be held responsible for the real economy crisis and the unemployment burst, the European Commission dares to approve the acquisition of NYSE-Euronext (NYX) by the InterContinental Exchange. […]

Why banks escape from competition rules but not pharmaceutical firms

Antitrust EU Commission services have an excellent record in identifying, monitoring, substantiating with facts and finally punishing cartels and dominant position abuses. This last week two concrete cases stand witnesses to that.Protecting consumers In the first case the European Court of Justice rejected an appeal against a General Court’s decision, which had upheld almost completely […]

Google case: A turning point in competition rules enforcement

Enforcing fair competition in the fast-moving digital markets, like in the Google case, is a fight against time. If the antitrust procedures take the long way of legal battles before the European courts, the possible competition law breaches may purport billions to the culpable party. That is why, Joaquín Almunia, Vice President of the European Commission […]

Antitrust: Commission opens investigation into possible anticompetitive conduct by Google in the online advertising technology sector

This article is brought to you in association with the European Commission. The European Commission has opened a formal antitrust investigation to assess whether Google has violated EU competition rules by favouring its own online display advertising technology services in the so called “ad tech” supply chain, to the detriment of competing providers of advertising technology […]

Antitrust: Commission carries out unannounced inspections in the manufacturing and distribution of garments sector

This article is brought to you in association with the European Commission. On 22 June 2021, the European Commission has carried out unannounced inspections in Germany at the premises of a company active in the sector of manufacturing and distribution of garments. The Commission has concerns that the inspected company may have violated EU antitrust rules […]

How to harness AI and data portability for greater financial inclusion

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Laurent Le Moal, Chief Executive Officer, PayU, Naspers & Amelia Ng, Managing Director, SC Ventures, Standard Chartered Bank Around the world, 1.7 billion people still lack access to a formal bank account. Digital innovations, such as AI, are […]

Conference on the Future of Europe: EP delegation sets out ambitious priorities

This article is brought to you in association with the European Parliament. At the inaugural plenary session on Saturday in Strasbourg, MEPs set the tone for the Conference Plenary debates to follow. During his opening statement, Parliament’s Co-Chair of the Executive Board, Guy Verhofstadt, said, “I see the Conference as a relay race. Citizens participating in […]

Antitrust: Commission sends Statement of Objections to Insurance Ireland for restricting access to a data sharing platform

This article is brought to you in association with the European Commission. The Commission has informed Insurance Ireland, an association of Irish insurers, of its preliminary view that it breached EU antitrust rules by restricting competition in the Irish motor vehicle insurance market. The Commission takes issue with certain conditions of access to the Insurance Link […]

State aid: Commission approves a Polish scheme to compensate large companies for damages suffered due to coronavirus outbreak and provide liquidity support

This article is brought to you in association with the European Commission. The European Commission has approved, under EU State aid rules, a Polish scheme to partially compensate large companies for the damages suffered due to the coronavirus outbreak and the restrictive measures implemented by the Polish government, while providing them with direct liquidity support through […]

Single European Sky: MEPs ready to start negotiations

This article is brought to you in association with the European Parliament. European airspace management should be fine-tuned to optimise flight routes, reduce flight delays and cut CO2 emissions, said the Transport and Tourism Committee. The negotiating mandate on the reform of the Single European Sky rules, adopted by the Transport and Tourism Committee on Thursday […]

Eurovignette: provisional deal on new road haulage charging rules

This article is brought to you in association with the European Parliament. EP and Council negotiators reached a deal on new road charging rules for trucks to transition from time-based to distance-based charging, reducing CO2 emissions. A provisional agreement reached on Wednesday between the European Parliament and Council negotiators will update the rules defining charges EU […]

Antitrust: Commission publishes initial findings of consumer Internet of Things sector inquiry

This article is brought to you in association with the European Commission. The European Commission has published today the preliminary results of its competition sector inquiry into markets for consumer Internet of Things (IoT) related products and services in the European Union. The Preliminary Report confirms the rapid growth of these markets, but also identifies potential […]

Why is scientific collaboration key? 4 experts explain

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Alice Hazelton, Programme Lead, Science and Society, World Economic Forum COVID-19 has highlighted the importance of scientific collaboration. We asked members of the World Economic Forum’s Global Future Council on Scientific Collaboration why it’s key for the future. […]

State aid: Commission invites interested parties to provide comments on proposed draft Climate, Energy and Environmental State aid Guidelines

This article is brought to you in association with the European Commission. The European Commission has launched today a targeted public consultation inviting all interested parties to comment on the proposed revision of the Guidelines on State aid for environmental protection and energy (“Energy and Environmental State aid guidelines” or “EEAG”). To cater for the increased […]

State aid: Commission approves German support for cogenerated electricity

This article is brought to you in association with the European Commission. The European Commission has approved, under EU State aid rules, the prolongation and modification of an existing German scheme to support the production of electricity from new, modernised and retrofitted highly efficient cogeneration (‘CHP’) plants (except coal and lignite-fired CHP). The scheme (‘Kraft-Wärme-Kopplungsgesetz’ – […]

State aid: Commission approves €10 billion German scheme to compensate companies for damages suffered due to coronavirus outbreak

This article is brought to you in association with the European Commission. The European Commission has found a €10 billion German scheme to compensate companies for damages related to the coronavirus outbreak to be in line with EU State aid rules. Executive Vice-President Margrethe Vestager, in charge of competition policy, said: “This €10 billion scheme enables […]

Antitrust: Commission publishes findings of evaluation on the Motor Vehicle Block Exemption Regulation

This article is brought to you in association with the European Commission. The European Commission has published today the Evaluation Report and Staff Working Document summarising the findings of its evaluation of the Motor Vehicle Block Exemption Regulation. The aim of the evaluation was to gather evidence on the functioning of the rules applicable to vertical […]

The race to net-zero is on. This is how we can cross the finish line

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Justin Adams, Executive Director, Tropical Forest Alliance, World Economic Forum & Gonzalo Muñoz, Conference of the Parties (COP) Champion for Chile, COP25 High Level Climate Champions Nature can play a fundamental role in achieving net-zero, with the capacity […]

Ending harmful fisheries subsidies would improve the health of our ocean. This is why

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Maria Damanaki, Principal Advisor, SYSTEMIQ, UK; Principal Advisor, The Paradise International Foundation, China, Member of Friends of Ocean Action Subsidies paid to the global fishing industry amount to $35 billion per year, of which more than 60% meets […]

State aid: Commission invites interested parties to provide comments on proposed revision of Guidelines on State aid to promote risk finance investments

This article is brought to you in association with the European Commission. The European Commission has launched today a targeted public consultation inviting all interested parties to comment on a proposed targeted revision of the Guidelines on State aid to promote risk finance investments (the “Risk Finance Guidelines”). Interested parties can respond to the consultation for […]