Luxembourg

EU court says Uber is taxi service, can be regulated

Luxembourg - Muslimchronicle

The EU's top court ruled on Wednesday that Uber is an ordinary transport service and not just a ride-hailing app, meaning that countries can regulate it. "The service provided by Uber connecting individuals with non-professional drivers is covered by services in the field of transport," the European Court of Justice said in a case brought by a Spanish taxi drivers'Read more

Amazon to settle Italy tax row with 100 mln euro

Milan - Muslimchronicle

Amazon has agreed to pay the Italian taxman 100 million euros ($118 million) to settle a dispute over suspected tax fraud, the Italian revenue service said Friday. Italian authorities have been investigating Amazon for tax evasion in the period between 2011 and 2015, but the deal meant the case is now closed, it said in a statement. Citing investigators, ItalianRead more

Luxembourg appeals EU order to recoup 250 mn euro Amazon tax bill

Luxembourg - Muslimchronicle

The government of Luxembourg on Friday said it has launched an appeal against an EU order to recoup 250 million euros ($295 million) in back taxes from Amazon, in a case linked to a tax break granted the internet shopping giant. "Luxembourg believes that the (European) Commission has not established the existence of a selective advantage (within European Union law),"Read more

Luxembourg appeals EU order to recoup 250 mn euro Amazon tax bill

Luxembourg - Muslimchronicle

EU court threatens Poland with heavy fines

Luxembourg - Muslimchronicle

The EU's top court on Monday warned Poland's rightwing government to "immediately" stop logging in one of Europe's last primeval forests or face fines of up to 100,000 euros ($118,000) a day. The case is the latest in a string of issues causing tension between Warsaw and Brussels, which has watched the Polish administration's recent judicial reforms with alarm. "PolandRead more

EU court threatens Poland with fines over logging in ancient forest

Luxembourg - Muslimchronicle

The EU's top court warned Poland's right-wing government to "immediately" stop logging in one of Europe's last primeval forests or face fines of up to 100,000 euros ($118,000). "Poland must immediately cease its active forest management operations in the Bialowieza Forest, except in exceptional cases where they are strictly necessary to ensure public safety," the European Court of Justice said.Read more

Cryptocurrencies’ market cap hits record $200 billion as bitcoin soars

London - Muslimchronicle

The aggregate value of all cryptocurrencies hit a record high of over $200 billion on Wednesday, according to industry website Coinmarketcap, putting their reported market value at more than that of US banking giant Citigroup. The new record came as the biggest and best-known cryptocurrency, bitcoin, hit a record high of $7,500 on the Luxembourg-based Bitstamp exchange, after a moreRead more

EU ministers approve new sanctions on N.Korea

Luxembourg - Muslimchronicle

The EU imposed fresh sanctions on North Korea on Monday as part of international efforts to punish the pariah regime for its nuclear and ballistic weapons programmes. Foreign ministers meeting in Luxembourg signed off a new package of measures including a ban on investments in North Korea and on European Union exports of oil to Pyongyang. Source:AFPRead more

EU says threats to Iran deal make N.Korea dialogue harder

Luxembourg - Muslimchronicle

The EU fired off a fresh rebuke to US President Donald's Trump's threats to ditch the Iran nuclear deal Monday, warning such actions made it harder to begin dialogue with Pyongyang over its weapons programme. Diplomatic chief Federica Mogherini said EU ministers meeting in Luxembourg feared that messages on the Iran deal "might affect negatively the possibility of opening negotiationsRead more