This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Hugo Ceulemans, Scientific Director, Discovery Data Sciences, Janssen, Johnson & Johnson & Mathieu Galtier, Chief Product Officer and Coordinator of the MELLODDY project, Owkin & Tinne Boeckx, Contract and grant project manager, Senior Life Sciences consultant, Avertim & […]
From competition to collaboration: How secure data sharing can enable innovation
June 28, 2021 by 2 Comments
Antitrust: Commission opens investigation into possible anticompetitive behaviour by the power exchange EPEX Spot
March 30, 2021 by Leave a Comment
This article is brought to you in association with the European Commission. The European Commission has opened a formal investigation to assess whether the power exchange EPEX Spot SE (‘EPEX Spot’) has been taking advantage of its dominant position to hinder the activities of competitors on the market for electricity intraday trading facilitation services in at […]
Competition: Commission invites stakeholders to provide comments on the application of EU competition law to collective bargaining agreements for self-employed
March 8, 2021 by 1 Comment
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 […]
Competition: The European Commission launches a process to address the issue of collective bargaining for the self-employed
July 1, 2020 by Leave a Comment
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 […]
EU and China in search of a win-win agreement through strategic cooperation ahead of the EU-China summit
March 20, 2019 by Leave a Comment
High Representative for Foreign Affairs and Security Policy Federica Mogherini together with the 28 EU Foreign Ministers met Chinese Foreign Minister Wang Yi last Monday to discuss the agenda of the EU-China Strategic Dialogue. During the meeting, both parties had the opportunity to enhance and promote their mutual cooperation on several international topics. Both sides […]
Siemens-Alstom merger: Will the EC succumb to Franco-German pressures for the sake of May’s EU Elections?
January 9, 2019 by Leave a Comment
It was yesterday when executives of Siemens and Alstom met with EU Commissioner Margrethe Vestager in one of their last attempts to convince her to give the green light for their merge. The European Commission (EC) is now left to decide till February 18 whether or not to approve the merger of the rail operations […]
The Brexit factor in the US-China trade war and other conflicts
September 10, 2018 by Leave a Comment
Last Friday, the American President Donald Trump aboard Air Force One threatened China with new tariffs on $267 billion of goods heading for the US markets, on top of the $200bn worth of Chinese exports Washington currently is ready to punish with extra levies. The US has already imposed extra tariffs on $50bn of Chinese […]
Mainland Europe adopts Germanic cartel business patterns
April 2, 2018 by Leave a Comment
As in VW’s diesel engines emissions scandal, in the case of Estonia’s half banking system working as mafia’s financiers, it was the Americans to unveil the wrongdoings. Is it by chance or the Europeans are looking the other way, when it comes to their own dirty laundry? Those calculated frame ups are not only meant […]
How did Facebook fool the Commission that easily during the WhatsApp acquisition?
December 21, 2016 by Leave a Comment
The European Commission announced yesterday that a Statement of Objections was sent to Facebook accusing the company of providing incorrect or misleading information during the investigation under Facebook’s acquisition of WhatsApp. The aforementioned information was that Facebook had initially reassured the EC that it was not possible to match the user accounts of Facebook and WhatsApp. However, […]
Brexit casts a shadow over the LSE – Deutsche Börse merger: a tracer of how or if brexit is to be implemented
July 11, 2016 by Leave a Comment
One of the most direct and important consequences of the Brexit vote is the uncertainty it casts on the merger of Europe’s largest stock exchanges and clearing houses, the London Stock Exchange and the German bourse in Frankfurt, the Deutsche Börse. The two mammoth institutions, the double sun of Europe’s financial universe, last March agreed […]
Starbucks and FIAT again under Commission’s microscope: is Europe ready to kick multinationals out of the house?
October 21, 2015 by Leave a Comment
Some multinationals (MNEs) such as FIAT and Starbucks have been overdoing it in the EU for quite some time now. The case of tax investigation of the aforementioned companies on whether they have paid the correct amount of corporate income tax or not is ongoing for over a year now. The Commissioner responsible for Competition, Mrs […]
Google’s hot summer never ends: EC to launch ANOTHER antitrust inquiry against the American giant
August 8, 2014 by Leave a Comment
We must admit it: this is not exactly a quiet summer for Google. Not in the Old Continent at least. After the “Right To Be Forgotten” case has disturbed Google’s top management’s sleep recently, a new dark cloud may come soon. According to Reuters, the Mountain View, California-based company may soon face a new probe […]
Intel, Almunia and 1 billion euros for unfair potatoes
June 18, 2014 by Leave a Comment
“The General Court upholds the fine of 1.06 billion euros ($ 1.4 billions) imposed on Intel for having abused its dominant position on the market for x86 central processing units between 2002 and 2007”. With these words the judge of the General Court of the European Union dismissed Intel’s action against the decision of the Commission […]
More state aid to big firms, no special provisions for the SMEs
December 27, 2013 by 1 Comment
Rules for state aid covering research, development and innovation investments (R&D&I) are already relaxed in the European Union, in order to facilitate growth and job creation. Mind you that in this case the bending of competition rules is not confined to very small businesses, the SMEs and mid cups, but covers the entire constellation of […]
Fair completion rules and the law of gravity don’t apply to banks
December 19, 2013 by Leave a Comment
There is no end to EU Commission’s approvals of state aid and government bailouts of hundreds of EU struggling banks, as if the extensive fair competition legislation of the Union is valid for every other sector of the economy at the exception of banks. In the latest incident, the EU competition authorities actually looked the […]
Commission offers discount on fines to banks for competition infringements
December 4, 2013 by Leave a Comment
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 […]
EU Commission: Banking and energy conglomerates don’t threaten competition!
June 25, 2013 by Leave a Comment
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. […]
The EU threatens to impose extra import duties on Chinese products
April 12, 2013 by Leave a Comment
The powerful EU’s executive arm, the European Commission, announced yesterday its proposal for a new legislation targeted at strengthening the protection of home businesses and products from external competition. It’s a clear effort to help the Union’s economy overcome a deepening recession. The new legislations will be in force early in 2014, after being approved […]
High-technology manufacturing saves the EU industry
March 14, 2013 by Leave a Comment
According to a study by Eurostat, the EU statistical service, high and medium technology industries saved the manufacturing sector from a much larger fall during the difficult crisis years from 2008 until 2010. Still, the industrial sector has not yet fully recovered and in January 2013 compared to December 2012, seasonally adjusted overall industrial production fell […]
Commission imposes a fine of €561 million on Microsoft
March 6, 2013 by Leave a Comment
Late in the afternoon of today 6 February, the Commission issued an announcement, signed by Joaquín Almunia, Vice President responsible for Competition Policy, saying that the Commission imposes on Microsoft a fine of €561 million. According to this Press release, the decision came as result of Microsoft’s failure to comply with the legally binding commitments […]
Why Microsoft is a regular to Almunia’s
December 16, 2012 by Leave a Comment
In the years of globalisation, free movements of capital, goods and to a lesser degree of labour, have raised exponentially citizen’s wellbeing in our western economic volume and not only. This achievement has to be totally credited, to the opening of national markets to international competition. At the same time though globalisation has created new opportunities […]
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