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Foo Yun Chee

Free scooter rides and EU power ballads, big firms pump up voters for EU polls

20 May 2019

BRUSSELS From Volkswagen to Spotify to Iberdrola, Europe's biggest firms are urging people to vote in key European Parliament elections this weekend amid concerns that an anti-EU outcome could disrupt their business and hurt their bottom line. 

Google, Facebook, Twitter rapped for not doing enough in EU fake news fight

17 May 2019

BRUSSELS Facebook, Google and Twitter were reprimanded by the European Commission on Friday for not doing enough to tackle fake news plaguing the election campaign to the European Parliament, seven months after promising to do more.

Consumer bodies seek to force Alibaba portal to honour EU shoppers' rights

17 May 2019

BRUSSELS Consumer bodies from Belgium, France, Italy, the Netherlands, Portugal and Spain on Friday urged their national consumer protection agencies to act against Alibaba's online shopping portal for allegedly setting unfair terms for EU users.

Consumer bodies seek to force Alibaba portal to honour EU shoppers' rights

16 May 2019

BRUSSELS, May 17 Consumer bodies from Belgium, France, Italy, the Netherlands, Portugal and Spain on Friday urged their national consumer protection agencies to act against Alibaba's online shopping portal for allegedly setting unfair terms for EU users.

EU fines Barclays, Citi, JP Morgan, MUFG and RBS $1.2 billion for FX rigging

16 May 2019

BRUSSELS/LONDON Barclays, Citigroup, JP Morgan, MUFG and Royal Bank of Scotland were fined a combined 1.07 billion euros ($1.2 billion) by the European Union on Thursday for rigging the multi-trillion dollar foreign exchange market.

Insurance Ireland data pooling system in EU antitrust probe

14 May 2019

BRUSSELS European Union regulators opened an antitrust investigation into the conditions set by Insurance Ireland for companies seeking to access its data pooling system, saying these may restrict choice for motorists in particular.

AB InBev hit with $225 million EU fine over Belgian beer imports

13 May 2019

BRUSSELS Anheuser-Busch InBev, the world's largest brewer, was hit with an EU antitrust fine of 200 million euros ($225 million) on Monday for preventing cheaper beer imports from the Netherlands into Belgium.

EU car wifi plan delayed as countries await legal advice

10 May 2019

BRUSSELS The European Commission's plan for a wifi-based standard for cars endorsed by Volkswagen faces a two-month delay as EU countries wait for legal advice on the proposal, giving a glimmer of hope to backers of the rival 5G technology.

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