The British antitrust watchdog blocked the takeover attempt, in a decision that will be closely watched in Washington and Brussels.
Category: European Commission
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Gucci Raid Part of Growing E.U. Antitrust Scrutiny of Fashion
Kering, Gucci’s parent company, said that it was “cooperating” with European Union regulators, who searched the Italian offices of the fashion house this week.
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Europe Plots a Diplomatic and Business Reset on China
President Emmanuel Macron of France and Ursula von der Leyen, President of the European Commission, arrived in China on Wednesday aiming to restart business and political ties.
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Germany Pushes for Exception in Law Banning Combustion Engines
The New York Times – Business:Berlin and Brussels are scrambling for a solution after Germany calls for allowing cars to run on synthetic fuels. The move could endanger the E.U.’s climate goals.
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Biden and E.U. Leader to Discuss Ukraine and Trade Spat
The New York Times – Business:President Biden and the European Commission president are set to discuss how to effectively counter Russia and a potential trade deal for electric vehicles.
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How the Lab Leak Theory Could Strain U.S.-China Relations
The New York Times – Business:The U.S. Energy Department’s report identifying the Wuhan Institute of Virology as the likely source of the coronavirus has already generated pushback in Beijing.
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China Returns to Davos With Clear Message: We’re Open for Business
The New York Times – Business:Emerging from coronavirus lockdown to a world changed by the war in Ukraine, China sought to convey reassurance about its economic health.
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Eurozone Inflation Eases on Lower Energy Prices
The New York Times – Business:The rate of price increases in countries using the euro slowed to 9.2 percent in December, down from 10.1 percent a month earlier.