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European Commission

EU To Scrutinize Czech Telecomm

O2 CZ/CETIN and T-Mobile CZ is now under investigation by the European Commission on Tuesday. European Commission is to investigate whether the mobile telecoms network-sharing deal between the two major telecommunications company restricts competition in the Czech Republic.

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EU Cities & Regions Embraces New VAT Rules

Cities & Regions Embraces New VAT Rules

The European Commision has been alarmed with rising problems on fraud and fragmentation. Realizing the need to relax VAT rules, they made an action upon it.

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Halliburton Adds Jobs As Onshore Boom Lifts Profit

EU Resumed Investigation on Halliburton and Baker Hughes Deal

European Union antitrust regulator resumed its review on the takeover of Baker Hughes by Halliburton. European Commission plan to reach decision in August whether to approve or veto the deal.

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Three UK Store Ahead Of Half Year Earnings Report

Three Promised to Surpass Coverage Requirement After Acquisition of O2

CK Hutchison promise to extend coverage in the UK. European Commission are currently investigating whether to approve the acquisition or not.

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BELGIUM-EU-IT-DIGITAL SINGLE MARKET

EU grills Google, Apple, other US firms over tax issues

European legislators have started grilling multinational companies such as Google, Apple, Alphabet and McDonald's. European nations are feeling the heat of mounting political pressure to check tax evasion by foreign multinational companies.

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Tata Steel Expected To Axe Jobs In Scunthorpe Today

Cheaper Chinese imports, sluggish demand force Tata Steel to slash 1,050 jobs in UK

India-based Tata Steel is reducing manpower by 1,050 in the UK operations. Tata Steel is among other steel producers suffering from falling steel prices and cheaper imports from China. The UK steel industry is urging European Commission to take necessary action against unfair trade imports.

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Derek Aberle

Qualcomm requires Three-Year stake holding before nominating for proxy

Qualcomm Inc. altered its proxy process requiring shareholders to have their stake in the company for at least three years before nominating people for the board.

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Greek Prime Minister Alexis Tsipras

Recovery in Greek economy likely in 2016; 2.7% GDP growth in 2017

The ongoing recession in Greek economy after long-lasting uncertainty is projected to end in 2016 and may witness real growth in 2017, according to European Commission (EC). The unsuccessful conclusion of second adjustment program of bailout package continued and worsened the economic recession in the ailing Greece economy further weakened the recovery prospects in the first half of 2015.

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Starbucks

European Commission Rules Starbucks' and Fiat's Tax Deals with Dutch and Luxembourg Tax Authorities Illegal - Ordering Both Companies To Pay Millions of Euro in Back Taxes

The European Commission ruled on Wednesday that Starbucks Corp and Fiat Chrysler Automobiles benefited from illegal tax deals with the Dutch and Luxembourg authorities, sending shock waves to MNCs who have been using such profit-shielding tax deals in the past.

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Supermarket

Greece economy will rise by the middle of 2016

By the middle of next year, Greece will go back to its economic growth only if the government will give importance and devoted attempt to reacquire financial strength.

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Greece

Greek stock market reopens to huge losses after five-week shutdown, hopes to recover with upcoming bailout

The first two days of Greek market activity saw nothing but bloody reds as the Athens Stock Exchange witness massive selloffs from foreign investors unrestricted by current capital controls that limit withdrawals from local banks to a measly €60.

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European Union flag

EU steps up pressure for rapid deal to revive asset-backed debt

European Union reform of the securitized debt market to help to revive the region's economy is likely to be binding on member countries to speed up change, a senior official from the bloc's executive body said on Tuesday.

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Li Keqiang

China to extend economic diplomacy to EU infrastructure fund

China will pledge a multi-billion dollar investment in Europe's new infrastructure fund at a summit on June 29 in Brussels, according to a draft communique seen by Reuters - Beijing's latest round of chequebook diplomacy to win greater influence.

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Alstom

GE would offer concessions to win EU approval of Alstom deal: executive

General Electric Co (GE.N) said on Monday for the first time it would be willing to consider concessions in order to win European approval to acquire the power equipment unit of France's Alstom (ALSO.PA).

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Andriy Kobolev

Naftogaz to seek 12-month Russia gas deal next week

Ukraine's Naftogaz [NAFTO.UL] Chief Executive Andriy Kobolev will seek rapid progress on a deal to secure gas from Russia for the next 12 months in talks brokered by the European Commission in Berlin next week.

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