News of New York

BMW Transforms Munich Headquarters for Full-Scale Electric Production by 2027
10 January 2024
3668
BMW Accelerates Into the Future In a strategic move towards embracing the electric vehicle (EV) era, BMW is injecting €650 million (equivalent to $711 million) to overhaul its primary manufacturing hub in Munich. This major investment, announce...
Broadcom and VMware's $61 Billion Merger Under Fire for Anti-Competitive Concerns
13 April 2023
3788
Broadcom's VMware takeover The $61 billion acquisition of VMware by Broadcom is currently under investigation by the European Commission and the Competition and Markets Authority in the UK. The deal has raised concerns ...
Biden signed a decree on the EU-US data privacy agreement
7 October 2022
3505
Personal data US President Joe Biden on Friday signed an executive order aimed at strengthening the privacy   and security of personal data of   EU residents in the context of Washington's intel...
Nvidia expects EU authorities to obstruct approval of its Arm purchase deal
8 September 2021
3705
Nvidia & Arm deal Nvidia (NVDA) shares fell 0.8% on Tuesday after news broke that EU authorities see not enough concessions from Nvidia on the Arm purchase deal to mitigate potential damage to competitors and gain approval from EU antitrust...
France's antitrust regulator fines Google 500 million EUR
13 July 2021
4166
Fine for Google France's antitrust regulator has issued a €500m fine against Google, the regulator said in a statement on its website on Tuesday. It noted that "the regulator fined the company for failing to comply with several court orders is...
EU and U.S. agree to end trade dispute between Boeing and Airbus
15 June 2021
4197
Boeing and Airbus dispute The European Union and the U.S. have reached an agreement to end a long-running trade dispute over Boeing and Airbus that has resulted in more than $10 billion in reciprocal customs duties...
U.S. and G7 approve 15% global minimum tax rate for corporations
14 June 2021
4005
Corporate tax The G7 countries on Friday formally approved a global minimum corporate tax rate of 15 per cent. This means that multinational companies like Google, Facebook, Apple and others must pay this minimum tax in ...
Italy has blocked AstraZeneca's vaccine supplies to Australia
5 March 2021
3827
Vaccine supply blocked The shipment in question is 250,000 doses. The Foreign Ministry believes that it is too large compared to the number of doses supplied to other EU countries. Italy be...
WisdomTree Investments launched first ETF
20 February 2021
3487
EU recovery US exchange-traded fund WisdomTree (NASDAQ:WETF) has launched a bond ETF to support economic recovery efforts in the EU after the COVID-19 pandemic. The ETF will invest in bonds issued by the EU to finance initiatives aimed at reducing ...
Emmanuel Macron said London needs to choose between EU and US
31 January 2021
4118
UK foreign policy The UK should decide on its foreign policy and not try to simultaneously enlist both the European Union and the US as close allies. This was stated by French President Emmanuel Macron. He said: "What course will the UK choose? It ...
BioNTech head made a failure vaccine supply
3 January 2021
3274
Supply disruptions Vaccine supplies to Europe are at risk as there is a shortage of vaccines already approved there, the head of BioNTech said. German bioengineering company BioNTech is working ...
The "make Amazon pay" movement is gaining momentum around the world
5 December 2020
3508
Make Amazon Pay The global campaign "Make Amazon Pay", an initiative of a coalition of more than 50 organisations, was launched on Black Friday and includes such requirements of the e-commerce giant Amazon (NASDAQ:AMZN) as improved working condition...
Permission to use the AstraZeneca's vaccine is in question
30 November 2020
3468
Will AstraZeneca vaccine be allowed to be used? Despite all the assurances of AstraZeneca Pascal Soriot, CEO of AstraZeneca, that the additional study should not slow down obtaining regulatory approvals for the use of COVID-19 vaccine, a number of q...
The EU will re-establish ties in all areas of cooperation with the USA
30 November 2020
3156
Rebounding cooperation with the USA The EU is seeking a new alliance with the United States following the resignation of President Donald Trump, as well as to respond to Chinese challenges, the Financial Times reported. The newspaper refers to a dr...
Large technology companies in the USA are at risk of business separation
27 November 2020
3392
Business separation Famous technology companies in America may face the worst consequences in the European market as the EU Commissioner for Home Market Affairs prepares to introduce new legislation with rules for digital services. T...
10 November The EU will introduce duties on goods from the USA
10 November 2020
3344
Fine duties on goods Against the backdrop of many years of conflict with the United States over subsidies to Boeing and Airbus aircraft manufacturers, the European Union will impose penalties on American products. On Monday, 9 No...
Timme Shpakman spoke about how the EU will be affected by Brexit at the end of the year
22 October 2020
3020
Economist Timme Shpakman says that the EU economy could suffer from the transition to a new phase of relations with the UK without an agreement on what the relationship should be. "Brexit's economic impact without a deal on ...
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