German economy, auto sector face risks from exposure to China, fund manager says
A view shows the flags of China and Germany at a booth of a German automaker at the Auto Shanghai...
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EU court says $748 million Belgian tax scheme is illegal state aid
BRUSSELS, Sept 20 (Reuters) - European Union's second-top court on Wednesday backed an EU competition regulator's decision against a 700-million-euro ($748 million) Belgian tax scheme for 55 multinationals, in a major win for EU antitrust chief's crackdown on sweetheart tax deals.The Luxembourg-based General Court had in 2019 annulled Margrethe Vestager's decision after Belgium and about 30 of the companies challenged it.Beneficiaries of the Belgian scheme that dated from 2005 included U.S. manufacturer Magnetrol, oil company BP (BP.L), chemical producer BASF (BASFn.DE), Wabco, Cellio, Atlas Copco (ATCOa.ST) and Belgacom, now Proximus...
European battery companies call on EU for more support
A woman holds a cable to charge up a Renault Kangoo ZE electric utility vehicle at a Renault automobile dealership...
EU members’ China cuddling weakens Brussels’ hand
European Union flags flutter outside the EU Commission headquarters, in Brussels, Belgium, February 1, 2023. REUTERS/Yves Herman Acquire Licensing RightsBRUSSELS,...
Factbox: European companies cut jobs as economy sputters
July 25 (Reuters) - Decades-high inflation and the impact of war in Ukraine have forced companies across Europe into lay-offs...
Japan-backed fund to buy chip materials maker JSR for $6.4 bln
Japan govt aims to boost chip industry competitivenessPeers jump on expectation of sector consolidationTOKYO, June 26 (Reuters) - Japan stepped...
