EU to modernise law on consumer protection

The EU is modernising and reinforcing its consumer protection laws. Member states' ambassadors meeting in the Council's Permanent Representatives Committee approved a deal reached between the Romanian presidency and the European Parliament on a draft directive which amends four existing EU directives protecting consumers' interests. The directive covers a wide range of topics. It amends … Continue reading EU to modernise law on consumer protection

Antitrust: European Commission fines Google €1.49 billion for abusive practices in online advertising

The European Commission has fined Google €1.49 billion for breaching EU antitrust rules. Google has abused its market dominance by imposing a number of restrictive clauses in contracts with third-party websites which prevented Google's rivals from placing their search adverts on these websites. Commissioner Margrethe Vestager, in charge of competition policy, said: "Today the Commission has … Continue reading Antitrust: European Commission fines Google €1.49 billion for abusive practices in online advertising

EU, China, US will suffer economically from the re-emergence of protectionism

The world’s largest economies, particularly the EU, China, the US, Mexico and Canada, are all projected to suffer economically from the re-emergence of economic protectionism, and a significant increase in trade tariffs. In the case of the EU, the bloc would experience a 1% contraction in GDP, a 0.3% lower rate of employment, and a … Continue reading EU, China, US will suffer economically from the re-emergence of protectionism

European Commission reviews relations with China, proposes 10 actions

Against the backdrop of China's growing economic power and political influence, the European Commission and the High Representative review European Union-China relations and the related opportunities and challenges. Today, they are setting out 10 concrete actions for EU Heads of State or Government to discuss and endorse at the European Council of 21 March. The … Continue reading European Commission reviews relations with China, proposes 10 actions

European Commission report finds active competition enforcement contributes to affordable and innovative medicines

The European Commission has published a report showing that active competition law enforcement, at EU and national level, in the pharmaceutical sector contributes to delivering more affordable medicines and more choice to patients and healthcare systems, and promotes further innovation. Margrethe Vestager, Commissioner in charge of competition policy, said “Giving European patients and healthcare systems access … Continue reading European Commission report finds active competition enforcement contributes to affordable and innovative medicines

Antitrust: Commission consults stakeholders on draft guidelines to help national courts estimate the economic harm caused by cartels

The European Commission is inviting comments on draft guidelines to help national courts estimate the share of price increases caused by a cartel that are passed on to indirect purchasers and final consumers. The Commission invites views and comments on the draft guidelines by 4 October 2018. The Antitrust Damages Directive helps citizens and companies claim damages … Continue reading Antitrust: Commission consults stakeholders on draft guidelines to help national courts estimate the economic harm caused by cartels

Innovative Securities: Higher Risks May Come in 2018

We are living in the decade of bullish markets. Because of record returns (and low interest rates) retail money floods the market. What could next year hold for the investors after all this? Innovative Securities' prognosis tries to answer. In 2017, the already expensive stocks (and other instruments) became even more expensive, reminds Innovative Securities, … Continue reading Innovative Securities: Higher Risks May Come in 2018