EU orders Amazon to pay 250 mn euros in taxes to Luxembourg

EU orders Amazon to pay 250 mn euros in taxes to Luxembourg

The EU turned the screw on US tech giants Wednesday, ordering Amazon to repay Luxembourg 250 million euros in back taxes and referring Ireland to the top EU court for failing to collect billions from Apple. Europe’s competition chief Margrethe...
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Honda fears sudden cut-off from EU customs union could cripple UK car supply chains

Honda fears sudden cut-off from EU customs union could cripple UK car supply chains

Britain’s departure from the European Union’s customs union would ramp up costs for small and medium-sized car part suppliers to such an extent that supply chains could seize up, a senior European executive at Honda said on Tuesday. Ian Howells,...
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Labour to guarantee EU citizens rights if wins election

\ Britain’s opposition Labour Party will immediately guarantee the rights of millions of EU citizens living in the UK if it wins a June election, it said on Tuesday, setting out a Brexit strategy aimed at eating into Prime Minister...
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After Brexit, EU bets on risk, green finance to relaunch capital plan

After Brexit, EU bets on risk, green finance to relaunch capital plan

The European Union will focus on infrastructure, green and risk finance to boost funding for the economy, a European Commission vice president said on Tuesday, noting Britain’s departure could deprive the EU of its largest financial centre. The commission la...
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iPhone Sales Grow in US, EU, Japan as Android Smartphone Sales Drop: Kantar

iPhone Sales Grow in US, EU, Japan as Android Smartphone Sales Drop: Kantar

The latest smartphone OS sales data from Kantar Worldpanel ComTech shows that iPhone’s market share in the US has climbed 6.4 percent year-on-year in the three months ended November last year. The data shows that early holiday sales boosted the...
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EU Fines Sony, Panasonic, and Sanyo Over Battery Cartel

EU Fines Sony, Panasonic, and Sanyo Over Battery Cartel

The European Union’s anti-trust watchdog has fined Sony, Panasonic and Sanyo for price fixing in the market for batteries used in laptops and mobile phones. The European Commission, which polices competition issues in the EU, fined the three a total...
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