How did Facebook fool the Commission that easily during the WhatsApp acquisition?

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

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?

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

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

“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

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

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

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!

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

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 […]