Twenty years after arriving in Europeans’ wallets, euro banknotes will get a new look with help from the public, a process officials hope will make citizens feel closer to the single currency. But the Austrian artist behind the original banknotes fears the redesign could spark national rivalries, something he painstakingly tried to avoid with neutral …
Euro Banknote Artist Fears Redesign Could Revive Rivalries Read More »
As Europe rang in the New Year 20 years ago, 12 of its nations said goodbye to their deutschmarks, French francs, liras and pesetas as they welcomed the euro single currency. On January 1, 2002, euro notes and coins became a reality for some 300 million people from Athens to Dublin, three years after the …
Italian regulators hit Amazon with a 1.1-billion-euro ($1.3-billion) antitrust fine Thursday for allegedly abusing its dominance in the market, the latest action against US Big Tech in the EU. US technology giants have been in the firing line in the European Union over their business practices. In the latest salvo, Italy’s competition watchdog said Amazon …
Italy Hits Amazon With 1.1-billion-euro Antitrust Fine Read More »
Nestle shares neared a record high in Zurich on Wednesday after the Swiss food giant said it would raise about 8.9 billion euros ($10.2 billion) by selling part of its stake in L’Oreal. Shares in the owner of Nespresso coffee pods and Maggi broths rose as much as 1.97 percent to what would be an …
Nestle Shares Flirt With Record On 8.9 Bn Euro L’Oreal Sale Read More »
Italy’s competition watchdog imposed fines totalling over 200 million euros ($225 million) on Amazon and Apple Tuesday in the latest action taken against US tech giants in Europe over their business practices. The watchdog ordered Apple to pay 134.5 million euros and e-commerce firm Amazon 68.7 million euros for infringing EU laws through restrictions which …
Italy Hits Amazon, Apple With 200 Mn Euro Antitrust Fine Read More »
European stocks fell Friday along with the euro as Austria announced a new partial lockdown to try to curb surging Covid cases, which also triggered heavy losses for oil prices. The latest Covid-19 rules in Austria and more limited steps in Germany added pressure to US markets, although the Nasdaq finished at an all-time high …
Stocks, Oil, Euro Slide On Austria’s Partial Lockdown Read More »
Google lost an appeal on Wednesday against a 2.4-billion-euro ($2.8-billion) fine imposed by the European Union for abusing its search engine dominance — a big win for the bloc’s anti-trust tussle with the tech titan. The ruling by the Luxembourg-based General Court confirmed the landmark decision taken by the European Commission in 2017. The matter …
Google Loses Appeal Against EU’s 2.4-billion-euro Anti-trust Fine Read More »
FILE PHOTO: The European Central Bank (ECB) logo in Frankfurt, Germany, January 23, 2020. REUTERS/Ralph Orlowski//File Photo April 19, 2021 FRANKFURT (Reuters) – Large euro zone banks have been underreporting their risky assets by 275 billion euros by using their own models to quantify potential losses, the European Central Bank said on Monday. Since the …
FILE PHOTO: A woman walks next to a poster reading “The best team. With distance.” in front of a BMW factory as the spread of the coronavirus disease (COVID-19) continues in Munich, Germany, December 9, 2020. REUTERS/Andreas Gebert/File Photo April 16, 2021 By Richa Rebello BENGALURU (Reuters) – The euro zone economy will recover at …
Slow vaccine rollouts biggest risk to euro zone economy: Reuters poll Read More »
FILE PHOTO: European Central Bank (ECB) headquarters building is seen in Frankfurt, Germany, March 7, 2018. REUTERS/Ralph Orlowski/File Photo April 12, 2021 FRANKFURT (Reuters) – Bad loans at euro zone banks fell to a new low in the last quarter of 2020, fresh data showed on Monday, underscoring warnings from the European Central Bank that …
Soured credit at euro zone banks falls to new low despite recession: ECB Read More »
