European Commission President Ursula von der Leyen said on Monday the negotiations over the European Union's recovery fund are "moving in the right direction" although they are "not there yet."
Earlier, French President Emmanuel Macron, Austrian Chancellor Sebastian Kurz, and Dutch Prime...
European Commissioner for Budget and Administration Johannes Hahn demanded on Thursday stronger guarantees that the European Union's budget will back the European Commission's borrowing, especially in the case of a hard Brexit.
The European Commission is set to lend €750 billion to its...
European Commission Executive Vice President Valdis Dombrovskis said that the bloc needs to work harder to create a capital markets union in order to diversify companies' funding sources. He noted that the EU's debt will increase at the end of the year because of the coronavirus pandemic and that...
Executive Vice President of the European Commission Valdis Dombrovskis said he intends to regulate cryptocurrencies similar to Facebook's Libra if his reelection for the European Union’s finance commissioner translates to a new mandate, media reported on Tuesday.
"Europe needs a common...
European Commission spokeswoman stated on Tuesday that the European Union's governing body will not have access to the French budget until the spring, media reported. The announcement comes ahead of the bloc's agenda decisions for the EU's budget for 2021-2027.
Meanwhile, earlier today,...
The European Commission said on Wednesday it approved the creation of six joint ventures by two German auto industry giants, Daimler AG and Bayerische Motoren Werke (BMW). The EU competition regulator added that it would approve of the car-sharing joint ventures, except in six cities in...
The European Commission said on Tuesday it approved Walt Disney Company's acquisition of parts of Twenty-First Century Fox Inc. under the EU's merger law. The commission said in a statement its approval is conditional "on full compliance with commitments" by Disney. The acquisition includes...
European Commission approved on Thursday Apple Inc.'s acquisition of app developer Shazam Entertainment Ltd. The investigation, started in April, found the two companies "mainly offer complementary services and do not compete with each other." Apple announced the agreement to buy the...
The European Commission approved the acquisition of Merck's consumer health business by Procter & Gamble on Tuesday. The EU regulator said that the agreement does not violate any European competition regulations. The deal is worth approximately €3.4 billion and Merck's vitamin brands will be...
The European Commission revealed on Friday that around 2.7 million Facebook users in Europe have been affected by the social network's data breach scandal.
"Facebook confirmed to us that the data of overall up to 2.7 million Europeans or people in the EU to be more precise may have been...
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