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The European Union is planning to file antitrust charges against Amazon for its habit of copying third-party products, according to a new report. The charges against the ecommerce juggernaut could arrive as soon as next week and are the latest step in a two-year investigation into Amazon’s practices, according to the Wall Street Journal. The …
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China does not present a military threat to “world peace,” the European Union’s top diplomat told reporters on Tuesday. Josep Borrell, chief of foreign affairs for the E.U., made the remarks after a three-hour conference call with Chinese foreign minister Wang Yi. The discussion came amid rising tensions between European powers and China brought on …
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US stock indexes rose at the open on Wednesday as a pickup in business activity fueled hopes of a post-pandemic economic recovery, but marts later gave up some of their gains as investors remained cautious about brewing US-China tensions. The Dow Jones industrial average rose 303.52 points, or 1.21 percent, at the open to 25,298.63. …
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Hungary Prime Minister Victor Orban said Friday that he would give up his far-reaching coronavirus emergency powers later this month, despite fears that the nationalist leader would use the authority to consolidate power. “We expect the government will be able to return the special powers to tackle the coronavirus pandemic to parliament at the end …
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The clock is ticking on the continuing existence of the EU. The French president Emmanuel Macron recently fired a warning shot across the bow of the European ship of state. He said that without making all EU countries mutually responsible for the debts of individual countries, the EU could collapse. In March, Christine Lagarde asked …
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The coronavirus pandemic is plunging the European Union into a recession, the European Commission said Wednesday in its spring economic forecast. Predicting a “recession of historic proportions,” the commission warned that the Eurozone economy will contract by 7.5 percent in 2020 — a record number that surpasses the damage caused by the 2009 financial crisis. …
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The European Union’s foreign policy chief admitted Thursday that China “expressed their concerns” over an EU report on Chinese disinformation regarding coronavirus, after allegations that his team had watered down their initial findings “to appease the Chinese Communist Party.” Speaking to the European Parliament in Brussels, Josep Borrell denied that Beijing had coerced him to …
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The European Union diluted a report detailing Chinese government disinformation about the spread of the coronavirus after Beijing threatened the 27-country bloc, the New York Times reported on Friday. “China has continued to run a global disinformation campaign to deflect blame for the outbreak of the pandemic and improve its international image,” the report initially …
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The European Union says its vaunted tourist industry is facing “staggering” figures of decline because of the coronavirus crisis and the bloc’s internal market commissioner wants the sector to be first in line when it comes to recovery funds. Thierry Breton mentioned figures that the tourism economy could slump up to 70 percent and will …
The European Union is planning to file antitrust charges against Amazon for its habit of copying third-party products, according to a new report. The charges against the ecommerce juggernaut could arrive as soon as next week and are the latest step in a two-year investigation into Amazon’s practices, according to the Wall Street Journal. The …
