BRUSSELS—U.S. sportswear maker Nike on Wednesday lost its fight to stop a probe into its Dutch tax affairs, as Europe’s second-highest court backed an EU investigation opened two years ago. The EU case was part of a crackdown on multinationals’ sweetheart tax deals with EU countries that Brussels says gives them an unfair advantage, among…
EU Puts Digital Levy Plans on Hold in Face of US Criticism
BRUSSELS—In a gesture of goodwill to the United States, the European Union on Monday put work on plans for a digital tax levy on hold for the moment to concentrate on finalizing the historic tax decision endorsed by the Group of 20 nations over the weekend. In the face of criticism from U.S. Secretary of…
After G7 Pledge, EU Seeks to Rival China’s ‘Belt and Road’ With Own Infrastructure Plan
July 12, 2021
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BRUSSELS—European Union foreign ministers agreed on Monday to launch a global infrastructure plan linking Europe to the world; a next step after deals with India and Japan and a similar pledge by the Group of Seven richest democracies. Suspicious of Chinese President Xi Jinping’s Belt and Road Initiative to link Europe to Asia via infrastructure…
US and EU Reach Deal to End 17-Year Boeing-Airbus Trade Dispute
U.S. President Joe Biden agreed with European Union (EU) leaders on Tuesday to end a trade dispute over aircraft subsidies by suspending tariffs to Boeing and Airbus, officials said.
EU Should Abolish Veto Rights for Individual States: German Foreign Minister
BERLIN—Germany’s foreign minister said on Monday the European Union should abolish the right of individual member states to veto foreign policy measures as the 27-nation bloc could not allow itself to be “held hostage.” His comments, which came days after a more junior official criticized Hungary by name, reflect growing frustration in Berlin at the…
EU, UK Investigate Facebook Over Classified Ad Competition
LONDON—European Union and British regulators opened dual antitrust investigations Friday into whether Facebook distorts competition in the classified advertising market by using data to compete unfairly against rival services. The coordinated effort represents an escalation by European regulators in their battle to rein in the dominance of big tech companies. The focus of the investigations…
EU Leaders Agree to Donate 100 Million Doses of Vaccines
BRUSSELS—EU leaders agreed Tuesday to donate at least 100 million doses of COVID-19 vaccines to poorer nations by the end of the year as supplies steadily rise across Europe. Gathered in Brussels for a two-day summit, the 27 leaders backed a text in which they pledge to continue efforts “to increase global vaccine production capacities…
Poland Defies EU Court Ruling to Close Major Lignite Mine
WARSAW, Poland—Poland’s government on Monday defied an injunction by the top European Union court that ordered the immediate closure of a major brown coal mine, with officials saying it would shake the nation’s energy system and lead to the layoff of thousands of employees. Development Minister Jaroslaw Gowin said Poland wouldn’t shut the lignite mine…
Over a Quarter of EU Adults Would Refuse COVID-19 Shot, Survey Says
BRUSSELS—More than a quarter of adults in the European Union would be unlikely to take the COVID-19 vaccine when it was offered to them, a survey published on Thursday showed. The results also suggested a strong link between vaccine hesitancy and the use of social media, particularly where social media is the main source of…
EU Has Not yet Ordered More AstraZeneca Vaccines, Says Internal Market Commissioner
PARIS—The European Union has not yet made any new orders for AstraZeneca vaccines beyond June when their contract ends, European Internal Market Commissioner Thierry Breton said on Sunday. Breton also said he expected that the costs of the EU’s recent order for more doses of Pfizer-BioNTech vaccines would be higher than the earlier versions. The…
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