Business
Germany claws back 59 mn euros from Amazon over price controls
Germany's competition watchdog ordered Amazon on Thursday to stop implementing price controls for retailers on its marketplace and told…
Tag
Euros
Business
Telefonica to cut 5,500 jobs with total cost of 2.5 billion euros
The Spanish carrier has signed an agreement with unions to implement the exit plans Telefonica will book a cost of 2.5 billion euros…
Politics
Spain fines Airbnb 64 mn euros for posting banned properties
Spain's leftist government said Monday it had fined Airbnb more than 64 million euros ($75 million), notably for posting listings for…
Business
Apple ordered to pay French operators 39 mn euros over iPhone sales
The court took issue with clauses that required operators to sell a certain number of iPhones and fixed their retail prices (Julie…
Business
Digital euro could drain up to 700 billion euros of deposits in bank run, ECB says
The ECB has presented the digital currency as an alternative to US-dominated means of payment A digital euro could drain up to 700 billion…
Fashion
France fines retailer Shein 40 million euros for misleading discounts
A probe of thousands of products on Shein’s French site finds 57% of advertised discounts do not actually offer lower prices France’s…
Business
Netflix to invest 1 billion euros in Spain productions to 2029
streaming giant Netflix said on Tuesday (Jun 10) it was going to invest more than 1 billion euros (S$1.47 billion) in productions in…
Business
Exxon enters talks to sell French business for 400 million euros
ExxonMobil entered exclusive talks to sell its entire 82.89 per cent stake in French unit Esso SAF, including a key refinery, to North…
Business
BMW to buy back more shares worth up to 2 billion euros
is buying back as much as 2 billion euros (S$2.9 billion) of stock starting this month. The carmaker’s management board approved the…
Business
TikTok fined 530 million euros in EU over China data transfer
TikTok was hit with a massive EU fine of 530 million euros (S$779 million) on Friday (May 2), accused of sending personal data of…
Politics
Apple fined 500 million euros and Meta 200 million euros for breach of EU law
Apple was fined 500 million euros (S$747.6 million) on Wednesday (Apr 23) and Meta 200 million euros, as European Union antitrust…
Politics
Porsche, Mercedes face 3.4 billion euros hit from Trump auto tariffs
To offset the impact, manufacturers may have to raise prices or shift more production to the US Porsche and Mercedes-Benz Group will be…
Business
Siemens set to raise 1.4 billion euros in Healthineers stake sale
SIEMENS is likely to raise about 1.4 billion euros (S$2 billion) from the sale of a roughly 2.3 per cent stake in Siemens Healthineers,…
Business
Keppel DC Reit divests German data centre for 50 million euros
KEPPEL DC Reit is divesting Kelsterbach Data Centre in Frankfurt, Germany, for 50 million euros (S$70.6 million). On Monday (Feb 17), the…
Business
Nanofilm acquires 2 German companies for 3.1 million euros
The proposed acquisition aims to accelerate the group’s business expansion in Europe NANOFILM Technologies’ wholly owned subsidiary,…
Business
Brookfield to spend 20 billion euros on France’s AI infrastructure
BROOKFIELD Asset Management plans to invest 20 billion euros (S$28 billion) to develop data centres and artificial intelligence (AI)…
Business
Mapletree Investments acquires logistics assets in UK, Spain for 315.1 million euros
REAL estate giant Mapletree Investments has acquired its first logistics property in the UK and 10 warehouses in Spain for a total of…
Business
Tesla poised for 1 billion euros windfall from EU’s emissions curbs
TESLA could collect more than 1 billion euros (S$1.4 billion) in compensation from rival automakers that need help meeting tougher…
Business
Italy probes CK Hutchison unit on tax in 3.4 billion euros asset sale
CK HUTCHISON’s Italian telecommunications unit is the target of a probe alleging that it evaded taxes during a 3.4 billion euros (S$4.8…
Business
Cromwell E-Reit divests 2 office assets in Italy for 20.9 million euros
This increases the Reit’s exposure to the logistics and light industrial sector Cromwell European Real Estate Investment Trust (Cromwell…
Business
Stellantis, China’s CATL to invest 4.1 billion euros in EV battery factory in Spain
STELLANTIS and Chinese battery maker CATL will invest 4.1 billion euros (S$5.8 billion) in a factory making electric vehicle batteries in…
Politics
Spain fines 'abusive' budget airlines 179 mn euros
Spain's leftist government said Friday it has fined five budget airlines including Ryanair and EasyJet 179 million euros ($187 million)…
Culture
Munich opens optical illusions museum as Euros fans fill city
Large beers, Bavarian comfort food and warm weather: Football fans in town for the 2024 Euro Championship will have a hard time escaping…