Commission presents proposal for EU Inc. - unlocking the full potential of the Single Market for Europe\'s entrepreneurs Today, the European Commission presented its proposal for EU Inc., a new single set of corporate rules, building the cornerstone and starting point for the EU\'s 28th regime. EU Inc. is an optional, d...

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Italian Wineries Boost Profits as EU Direct-to-Consumer Wine Sales Reach 70% Margins Simplified VAT rules and digital platforms drive cross-border growth, but excise duties still pose hurdles for small producers

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European Union slams Elon Musk’s X with a $140 million fine. Here’s why European Union regulators on Friday fined Elon Musk’s social media platform X 120 million euros ($140 million) for breaches of the bloc’s digital regulations that they said could leave users exposed...

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EU Trade Official Says 15 Percent US Tariffs Not Halting Transatlantic Commerce Trade between the European Union and United States remains steady despite new tariff rates and ongoing policy shifts

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EU says draft joint statement on trade and tariffs sent back to US BRUSSELS (Reuters) -The European Commission, which last week received a text from the U.S. administration with suggestions about finalising a joint statement on trade and tariffs, has sent back the draft to the US, a European Commission spokesman said during a daily press conference on Tuesday. "I can confirm that we have sent back the draft joint statement to the US," the spokesman said, adding that political level contact between European Trade Commissioner Maros Sefcovic and U.S. Commerce secretary Howard Lutnick and U.S. trade representative Jamieson Greer is ongoing. "The work continues". The EU and the United States struck a framework trade deal in late July but only the baseline tariff of 15% has so far been implemented. The EU is still waiting for the White House to issue executive orders to cover carve-outs, such as on the automotive industry.

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Digital Transformation in 2025 Part 1: The Outdated Narrative and the Accidental Cloud The traditional digital transformation story often begins with a company shackled to its physical servers, dusty data centres, and a team of IT ...

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Stocks dip, retreating from record highs hit after EU trade deal - Reuters Stocks dip, retreating from record highs hit after EU trade deal  Reuters

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European stocks claw back losses after Trump says '50-50 chance' of trade deal with the EU - CNBC European stocks claw back losses after Trump says '50-50 chance' of trade deal with the EU  CNBC

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KKR faces EU probe over alleged misleading info in Telecom Italia deal Investing.com -- The European Commission launched an investigation Thursday into whether U.S. investment firm KKR provided incorrect or misleading information during its €22-billion ($26 billion) acquisition of Telecom Italia (BIT:TLIT)’s fixed-line network. The EU competition enforcer, which had unconditionally approved the deal in May 2024, said its decision was partly based on long-term agreements between FiberCop, Telecom Italia’s last-mile grid unit, and telecommunications companies Fastweb and Iliad. "Under the investigation opened today, the Commission will assess whether KKR provided incorrect or misleading information about these agreements," the EU watchdog said in a statement. The Commission has taken a strict stance in recent years against companies that provide misleading information during merger reviews, imposing substantial fines on violators. Before you buy stock in TLIT, consider this: ProPicks AI are 6 easy-to-follow model portfolios created by Investing.com for building wealth by identifying winning stocks and letting them run. Over 150,000 paying members trust ProPicks to find new stocks to buy – driven by AI. The ProPicks AI algorithm has just identified the best stocks for investors to buy now. The stocks that made the cut could produce enormous returns in the coming years. Is TLIT one of them?

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Exclusive-Apple set to stave off daily fines, EU to accept App Store changes, sources say By Foo Yun Chee BRUSSELS (Reuters) -Apple’s changes to its App Store rules and fees will likely secure the green light from EU antitrust regulators, people with direct knowledge of the matter said, a move that would stave off potentially hefty daily fines for the iPhone maker. The company last month said developers will pay a 20% processing fee for purchases made via the App Store, though the fees could go as low as 13% for Apple (NASDAQ:AAPL)’s small-business program. Developers who send customers outside the App Store for payment will pay a fee between 5% and 15%. They will also be able to use as many links as they wish to send users to outside forms of payment. Apple made the changes after the EU antitrust enforcer handed it a 500 million euro ($586.7 million) fine in April, saying its technical and commercial restrictions prevented app developers from steering users to cheaper deals outside the App Store in breach of the Digital Markets Act. The company was given 60 days to scrap the restraints to comply with the DMA aimed at reining in Big Tech and giving rivals more room to compete. The European Commission is expected to approve the changes in the coming weeks, although the timing could still change, the people said. "All options remain on the table. We are still assessing Apple’s proposed changes," the EU watchdog said. Apple did not immediately respond to a request for comment. The company earlier this month said it had implemented the changes to avoid punitive daily fines, while criticising the Commission for mandating how it runs its store. ($1 = 0.8554 euros) Don't miss out on the next big opportunity! Stay ahead of the curve with ProPicks AI – 6 model portfolios fueled by AI stock picks with a stellar performance this year... In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record. With portfolios tailored for Dow stocks, S&P stocks, Tech Stocks, and Mid Cap stocks, you can explore various wealth-building strategies. So if AAPL is on your watchlist, it could be very wise to know whether or not it made the ProPicks AI lists.

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EU publishes final General-Purpose AI Code of Practice Commission receives industry framework as August 2025 compliance deadline approaches.

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EU publishes final General-Purpose AI Code of Practice Commission receives industry framework as August 2025 compliance deadline approaches.

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EU probes Musk’s xAI buyout of X, Bloomberg News reports (Reuters) -Elon Musk’s $33 billion xAI acquisition of X has drawn fresh scrutiny from the European Union, as regulators evaluate potential fines under the Digital Services Act, Bloomberg News reported on Thursday. The European Commission recently circulated fresh questions to X, probing the social media platform’s corporate structure following its acquisition by xAI, the report said citing people familiar with the matter. Musk said in March the combination valued "xAI at $80 billion and X at $33 billion". Before its summer recess in August, the regulator could announce a fine on X for alleged infractions under the DSA, though delays are possible, according to the report. Representatives for the European Commission, xAI and X did not immediately respond to Reuters requests for comment. Any firm found in breach of the DSA faces a fine worth up to 6% of its global turnover, and repeat offenders may be banned from operating in Europe altogether. Earlier this month, X highlighted a disclaimer to its blue checkmark in an attempt to head off a possible hefty fine from EU antitrust regulators. The Commission issued preliminary findings under the DSA in July last year that X violated rules on deceptive design, especially by turning the blue checkmark into a paid verification, assigning false credibility to users. The EU had announced a probe into X’s alleged breaches of the DSA in December 2023. Which stock should you buy in your very next trade? AI computing powers are changing the stock market. Investing.com's ProPicks AI includes 6 winning stock portfolios chosen by our advanced AI. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. Which stock will be the next to soar?

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Namibia’s Financial Reform Efforts Overlooked as EU Maintains High-Risk Status - The Villager Newspaper Namibia’s Financial Reform Efforts Overlooked as EU Maintains High-Risk Status  The Villager Newspaper

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EU unconditionally clears SES’s $3.1 billion bid for Intelsat BRUSSELS (Reuters) -The European Commission said on Tuesday it had unconditionally approved the proposed acquisition of Intelsat by SES, confirming a story Reuters exclusively reported earlier this month. The $3.1-billion bid made by the European satellite company for its rival will create a major European player to rival Elon Musk’s Space X-owned Starlink. Together with other European satellite companies, Luxembourg-headquartered SES is looking for greater scale to compete more effectively with Starlink and Amazon (NASDAQ:AMZN)’s Project Kuiper. With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Sure, there are always opportunities in the stock market – but finding them feels more difficult now than a year ago. Unsure where to invest next? One of the best ways to discover new high-potential opportunities is to look at the top performing portfolios this year. ProPicks AI offers 6 model portfolios from Investing.com which identify the best stocks for investors to buy right now. For example, ProPicks AI found 9 overlooked stocks that jumped over 25% this year alone. The new stocks that made the monthly cut could yield enormous returns in the coming years. Is AMZN one of them?

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Mercedes sees itself as ’sounding board’ in tariff talks, CEO tells newspaper BERLIN (Reuters) -Mercedes-Benz views itself as a "sounding board" that contributes ideas in tariff negotiations between the European Union and the United States, CEO Ola Kaellenius told the Frankfurter Allgemeine Zeitung newspaper on Thursday. "As a company, we hold talks with political decision-makers – in the EU as well as in China and the US," said Kaellenius. "However, negotiations take place at EU level because trade policy falls within the EU’s remit. We are available as a sounding board, contributing ideas and presenting scenarios showing how certain decisions would affect us," he added. Mercedes-Benz (OTC:MBGAF), as well as BMW (ETR:BMWG) and Volkswagen (ETR:VOWG_p), are in talks with Washington over a possible import tariff deal, sources told Reuters late last month. Kaellenius’ interview was published hours before Germany’s new chancellor, Friedrich Merz, will hold his first face-to-face talks with U.S. President Donald Trump as Europe seeks to stave off looming U.S. tariffs. Should you invest $2,000 in BMWG right now? With BMWG making headlines, savvy investors are asking: Is it truly valued fairly? In a market full of overpriced darlings, identifying true value can be challenging. InvestingPro's advanced AI algorithms have analyzed BMWG alongside thousands of other stocks to uncover hidden gems. These undervalued stocks, potentially including BMWG, could offer substantial returns as the market corrects. In 2024 alone, our AI identified several undervalued stocks that later surged by 30 or more. Is BMWG poised for similar growth? Don't miss the opportunity to find out.

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EU yet to receive U.S. letter demanding best trade negotiation offers Investing.com -- The European Union has not received a letter from the United States that demands countries to present their best trade negotiation offers by Wednesday, as reported by Reuters early Tuesday. The U.S. President Donald Trump’s administration, following a call with European Commission President Ursula von der Leyen, reinstated a deadline of July 9 to allow for ongoing negotiations between Washington and Brussels. As of now, it remains unclear whether the letter, a draft of which was previously circulated by several media outlets, has been sent to the negotiating partners. The details of the letter and its current status remain undisclosed. The ongoing talks are part of a larger negotiation between the U.S. and the EU, with the aim to resolve trade disputes and establish a mutually beneficial agreement. With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record. With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies. peter price Edward Field

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Delivery Hero settles EU antitrust case, shares dip 5% on €329 mln fine Investing.com -- Shares of Delivery Hero (ETR:DHER) dropped more than 5% on Tuesday after the company confirmed it had reached a settlement with the European Commission on Monday, which includes a fine of €329 million. The settlement brings an end to the antitrust investigation that began in June 2022, focusing on potential violations related to agreements between Delivery Hero and Glovo, particularly regarding the allocation of geographic markets, the exchange of sensitive commercial information, and no-poach agreements in the European Economic Area (EEA) prior to Delivery Hero’s acquisition of Glovo. The company had set aside a provision of €400 million for the investigation, and the final fine was nearly 20% lower than expected. This reduction reflects the European Commission’s recognition of a lower intensity of the issues investigated during certain periods, according to Delivery Hero’s statement. Delivery Hero stated it had fully cooperated with the European Commission throughout the investigation. The company also reassured stakeholders that the settlement would allow it to address the Commission’s concerns and move forward. The remaining provision of €71 million will be released, and the adjustment will be reflected in the company’s management without impacting its Adjusted EBITDA for the period.

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European stocks slip lower; EU/U.S. trade talks in focus Investing.com - European equity indices edged lower Wednesday, as investors digested regional economic data while awaiting news of trade negotiations between the U.S. and the European Union. At 05:10 ET (09:10 GMT), the DAX index in Germany dropped 0.3%, following a record closing peak, the CAC 40 in France slipped 0.1%, while the FTSE 100 in the U.K. traded largely unchanged. French economy grows slightly France’s economy grew slightly in the first quarter, final data from statistics office INSEE showed on Wednesday, confirming the preliminary reading of 0.1%. Additionally, the number of people out of work in Germany rose at faster pace than expected in May, with the number of unemployed - already at a decade-long high in April - increasing by 34,000 in seasonally adjusted terms to 2.96 million. The number of unemployed people in Germany is approaching the 3 million mark for the first time over the last 10 years. The European Central Bank is scheduled to meet on June 5, with financial markets expecting that it would lower its key deposit facility rate to 2.00% from 2.25% - which would be the ECB’s eighth rate cut in a row. EU/U.S. trade talks due Investors have been boosted this week by the news that President Donald Trump postponed the imposition of tariffs against goods imported from the European Union. European Union policymakers have asked the EU’s leading companies and CEOs to swiftly provide detail of their U.S. investment plans, according to two sources familiar with the matter, as Brussels prepares for trade talks with Washington. Soitec withdraws guidance In the corporate sector, Soitec (EPA:SOIT) stock slumped Wednesday, a day after the semiconductor materials supplier withdrew its guidance for both the current fiscal year and the medium term, citing a prolonged downturn in demand for automotive and industrial semiconductors. Pest control company Rentokil Initial (LON:RTO) has agreed to sell its French workwear division to H.I.G. Capital for gross proceeds of €410 million, with net cash proceeds expected to be approximately €370 million. Kingfisher (LON:KGF) stock fell as the home improvement retailer’s first-quarter results failed to impress investors. Meanwhile, investors were also focused on upcoming quarterly results from AI chipmaker Nvidia (NASDAQ:NVDA) , due after the close of trading on Wall Street. Crude gains on supply worries Oil prices edged higher Wednesday, as concerns over potential new sanctions on Russia raised supply disruption fears, although trading ranges are tight ahead of a pivotal OPEC+ meeting later this week. At 05:05 ET, Brent futures climbed 0.3% to $63.77 a barrel, and U.S. West Texas Intermediate crude futures rose 0.4% to $61.12 a barrel. The Organization of Petroleum Exporting Countries and allies, collectively known as OPEC+, are weighing the possibility of another production boost at their upcoming meeting this weekend. OPEC+ has been in the process of unwinding output cuts, announcing additions to the market in May and June. As investors prepare for this increased supply, they also digested comments from U.S. President Donald Trump, who said that Russian President Vladimir Putin was “playing with fire”, and Trump is considering new sanctions against Russia. This could put Russian energy flows at risk and disrupt the global oil supply. Investors also await the American Petroleum Institute’s weekly inventory report, which has been delayed this week due to the U.S. Memorial Day holiday on Monday. NVDA: A Bull or Bear Market Play? Don't miss out on the next big opportunity! Stay ahead of the curve with ProPicks – 6 model portfolios fueled by AI stock picks with a stellar performance this year.. In 2024 alone, ProPicks' AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record. With portfolios tailored for Dow stocks, S&P stocks, Tech Stocks, and Mid Cap stocks, you can explore various wealth-building strategies. So if NVDA is on your watchlist, it could be very wise to know whether or not it made the ProPicks lists.

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Asian, US Stock Futures Rise on EU Trade Deal Hope: Markets Wrap - Bloomberg.com Asian, US Stock Futures Rise on EU Trade Deal Hope: Markets Wrap  Bloomberg.com

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