The Italian truckmaker Iveco has been hit with a €495m fine. Photo: Iveco Italy's Iveco was fined €495 million on Tuesday for forming a cartel with other European truckmakers. In total, the European Commission slapped more than €2.9 billion in fines on some of Europe's largest truckmakers, including Sweden's Volvo and Germany's Daimler, after it found that they had broken EU antitrust rules by rigging prices. It follows a long investigation covering the years between 1997 and January 2011. "We have today put down a marker by imposing record fines for a serious infringement," said Margrethe Vestager, the commissioner for competition, in a statement. "In all, there are over 30 million trucks on European roads, which account for around three quarters of inland transport of goods in Europe and play a vital role for the European economy. "It is not acceptable that MAN, Volvo/Renault, Daimler, Iveco and DAF, which together account for nine out of every … [Read more...] about EU hits truck cartel with record price fixing fine
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‘Still much to do’ on border and trade as pullout of EU looms
0 Comments 'Still much to do' on border and trade as pullout of EU looms BelfastTelegraph.co.uk The Government has "no time to lose" in negotiating a trade agreement with the EU as Brexit looms in 12 months' time, it's been claimed. https://www.belfasttelegraph.co.uk/business/northern-ireland/still-much-to-do-on-border-and-trade-as-pullout-of-eu-looms-36753989.html https://www.belfasttelegraph.co.uk/business/northern-ireland/article36753988.ece/7df1e/AUTOCROP/h342/2018-03-29_bus_39682547_I2.JPG Email The Government has "no time to lose" in negotiating a trade agreement with the EU as Brexit looms in 12 months' time, it's been claimed. As Prime Minister Theresa May embarks on a tour of the UK to mark one year until it is due to leave the EU, Danske Bank chief economist Conor Lambe said that while progress had been made, there was still much work to do. He said the lack of agreed solution over how to avoid a hard border on the island of Ireland remained of particular concern. … [Read more...] about ‘Still much to do’ on border and trade as pullout of EU looms
Facebook revamps privacy tools as tighter EU rules draw near
.......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... ..........NEW YORK — Facebook is giving its privacy tools a makeover as it reels from criticisms over its data practices and faces tighter European regulations in the coming months.The changes won’t affect Facebook’s privacy policies or the types of data it gathers on users. But the company hopes its 2.2 billion users will have an easier time navigating its complex and often confusing privacy and security settings. Facebook says it also wants to give users a simpler way to access and download the data it collects on them.Wednesday’s announcement follows revelations that a Trump-affiliated consulting firm, Cambridge Analytica, got data on millions of Facebook users. That included information on friends of people who had downloaded a psychological quiz app, even though those … [Read more...] about Facebook revamps privacy tools as tighter EU rules draw near
The Latest: EU closely following Facebook privacy probes
SYDNEY (AP) — The Latest on the Facebook privacy scandal (all times local):9:30 p.m.The European Union is contacting data protection authorities in its member nations and in the United States to better follow up investigations into whether Facebook breached EU privacy laws when millions of people had their data accessed through a leak.EU spokesman Christian Wigand said on Thursday that the bloc's justice chief Vera Jourova would have "high-level contacts in the coming days" with Facebook officials and also reach out to data protection officials, including the British authority which is leading the European investigation.Facebook said Wednesday that as many as 87 million people might have had their data accessed."You can be sure that we will continue to follow these investigations by the relevant authorities closely," Wigand said.———4:30 p.m.Australian authorities say they are investigating whether Facebook breached the country's privacy law when personal … [Read more...] about The Latest: EU closely following Facebook privacy probes
EU Launches Innovation Observatory for Shared Ideas on Textile Sustainability
The European Union (EU) is tackling industrial pollution with a new initiative designed to yield a more sustainable textile sector. According to the EU, industrial pollution accounts for a large share of Europe’s overall pollution problem, thanks to the emission of air pollutants, discharges of wastewater and waste generation. To help address the issue, The European Commission, the legislative body of the EU, in collaboration with partners including Ricardo Energy & Environment, sustainable solutions provider Vito and Umweltbundesamt, an Austrian environmental agency, are introducing an innovation observatory project aimed at improving this process and reducing industrial pollution in Europe. The innovation observatory, which will operate through 2020, requests that stakeholders submit better information on emerging techniques—methods that ensure an equivalent or higher level of environmental protection than existing Best Available Techniques. Emerging … [Read more...] about EU Launches Innovation Observatory for Shared Ideas on Textile Sustainability