European Commissioner for Competition

Public service broadcasting: Government picks its battles with Europe

The government's withdrawal of plans to give Channel 4 £14m towards digital switchover costs avoids an embarrassing ruling from Brussels rejecting the idea. European competition commissioner Neelie Kroes had indicated that she...

Euro Commission confirms new raids on pharma firms

The European Commission has confirmed that its investigators raided the offices of a number of pharmaceutical companies in several member states on Monday and Tuesday, on the grounds that it “has reason to believe that the...

Drugmakers under fire as EU probe reports

By Ben Hirschler, European Pharmaceuticals Correspondent LONDON (Reuters) - Drugmakers face being hauled over the coals this week when the European Commission unveils the results of a broad inquiry into possible...

EU's Kroes cites economy in BHP/Rio deal collapse

LONDON, Nov 25 (Reuters) - EU Competition Commissioner Neelie Kroes on Tuesday cited the economy as a factor behind the collapse of global miner BHP Billiton's $66 billion bid for rival Rio Tinto. 'It is not the time to blame...

EU to be tough on future bank mergers - Kroes

LONDON, Nov 25 (Reuters) - EU Competition Commissioner Neelie Kroes said on Tuesday she would take a tough approach on future mergers involving banks that received government bailouts claiming they were too big to fail. Kroes...

Glance-STOCKS NEWS EUROPE-Taylor Wimpey down as cash worries perist

STOCKS NEWS Reuters Results diary Stocks on the move Real-time Equity News 15:21GMT 25Nov2008-Taylor Wimpey down as cash worries perist Shares in UK housebuilder Taylor Wimpey drop 36.5 percent, the biggest FTSE 250 faller as...

More European automakers looking for government bailout

European automakers are awaiting word on a possible 40 billion euro soft loan from the EU. Jaguar is in talks with the UK government for a 1 billion pound aid package for the troubled British premium brand.

Will American Bailouts Hurt World Trade?

As U.S. automakers continue to plead their case for a $25 billion federal bailout to keep themselves afloat, European automakers are watching the negotiations to see how a bailout will affect their home car brands—and whether...

U.S. auto bailout may trigger trade disputes

A flurry of proposals to bail out automakers around the world, inspired by the United States, may provoke trade disputes over whether the Americans are unfairly trying to subsidize their industry or just making up for...

Will Detroit's auto-immune disease spread to Europe?

Not only in Washington, D.C., is there a fierce debate over state aid to the beleaguered car industry. On Nov. 18, just as the bosses of General Motors (GM), Ford and Chrysler were lining up before the Senate banking committee...