Margrethe Vestager

EU launches probe into Ikea's Dutch tax deals: statement

Brussels - Muslimchronicle

The EU on Monday opened an in-depth investigation into the complex tax deals tying Swedish furniture giant Ikea with the Netherlands in the latest salvo by Brussels against the tax affairs of multinationals. "All companies, big or small, multinational or not, should pay their fair share of tax," the EU's anti-trust commissioner Margrethe Vestager said in a statement.Read more

EU has 'deep competition concerns' over Lufthansa bid for Air Berlin routes

Brussels - Muslimchronicle

The European Union said Friday it was concerned about the impact of German airline Lufthansa purchasing routes operated by failed rival Air Berlin on competition. "We have quite deep competition concerns because there is a risk that on some routes Lufthansa becomes de facto a monopoly," EU competition commissioner Margrethe Vestager said at a news conference. source: AFPRead more

EU has 'deep competition concerns' over Lufthansa bid for Air Berlin routes

Brussels - Muslimchronicle

EU accuses AB InBev of blocking cheaper beer in Belgium

Brussels - Muslimchronicle

The European Union on Thursday accused the world's biggest brewer AB InBev of illegally blocking cheaper imports of local favourites Leffe and Jupiler into Belgium. Both brands are Belgium's best sold beers and part of the AB InBev behemoth that the EU says has a "very strong" position on the Belgian beer market. "Our preliminary finding is that AB InBevRead more

Google proposals 'in right direction,' EU anti-trust chief says

Brussels - Muslimchronicle

Europe's anti-trust chief Margrethe Vestager on Monday said Google's proposals to comply with an EU order to modify its shopping service pointed in the "right direction". "It is less than a week since we got the letter so we have to go a bit more in depth before we can say anything," Vestager told AFP just months after slapping GoogleRead more

EU opens probe into Bayer takeover of Monsanto

Brussels - Muslimchronicle

The European Commission said Tuesday it was opening an in-depth investigation into the proposed $66-billion takeover of US seed and pesticide supplier Monsanto by Germany's Bayer, citing concerns it may reduce competition in key products for farmers. "We need to ensure effective competition so that farmers can have access to innovative products, better quality and also purchase products at competitiveRead more

Record fine against Google to benefit EU citizens

Paris - Muslimchronicle

The record 2.4-billion-euro fine slapped on Google by the EU for abusing its market dominance "will find its way back to European citizens," Europe's competition chief said Saturday. Although the US tech giant has said it expects to appeal, if the European Commission wins, "this fine will return to European citizens" via the governments of the 13 member states involved,Read more

Google 'faces record EU anti-trust fine'

Brussels - Muslimchronicle

The EU's powerful anti-trust regulator will decide a historic case against Google in the coming weeks that could see the Internet giant hit with a record fine, sources said on Friday. "We are heading towards a decision this summer," one source close to the matter told AFP on condition of anonymity. Led by hard-charging European Commission competition chief Margrethe Vestager,Read more

US, EU clear Chinese takeover of agribusiness giant

Beijing - Arab Today

US and European regulators have cleared a Chinese conglomerate’s proposed $43 billion acquisition of Swiss agribusiness giant Syngenta on condition it sells some businesses to satisfy anti-monopoly objections. The Federal Trade Commission’s (FTC) announcement comes alongside the approval by European regulators of the purchase by state-owned ChemChina. It would be China’s biggest foreign acquisition to date. ChemChina, also known asRead more

EU watchdog probes Facebook over WhatsApp merger of mobile messaging service

Brussels - Arab Today

The European Commission is investigating whether Facebook gave misleading information about its takeover of mobile messaging service WhatsApp. The EU’s executive body on Tuesday gave Facebook until Jan. 31 to answer a “statement of objections” about merger information the social media giant gave the Commission two years ago. The Commission, the EU’s merger and anti-trust watchdog, is concerned that FacebookRead more