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Business - Apple`s Beats Music deals under U.S. scrutiny: Bloomberg

(Reuters) - Apple Inc`s move to line up deals with record labels is under U.S. antitrust scrutiny as the iphone maker prepares to debut a new version of the Beats Music streaming service, Bloomberg reported, citing people familiar with the matter. The Federal Trade Commission (FTC) is examining if Apple is using its position as the top seller of music downloads through its iTunes store to put rival music services like Spotify Ltd at a disadvantage, according to Bloomberg. Apple bought Beats last year hoping to win points with the music industry and turn Beats Music into a strong competitor to Spotify and other streaming services.

Wednesday, May 06, 2015  04:02


World - Gang boss from troubled Mexican state to be extradited to U.S.

The Mexican federal prosecutor`s office said on Tuesday that it plans to extradite to the United States a drug lord linked to the Jalisco New Generation cartel, currently the biggest organized crime threat in the country. The man to be extradited, Abigael Gonzalez, is the leader Los Cuinis, which is a close ally of the fearsome Jalisco New Generation cartel. In a stunning act last week, members of Jalisco New Generation shot down a Mexican army helicopter in the western state of Jalisco. Six soldiers, eight gang members and one state official were killed, National Security Commission Director Monte Alejandro Rubido told Mexico`s Radio Formula on Monday.

Wednesday, May 06, 2015  03:08


Europe - McDonald`s faces 1bn euro tax probe

US fast-food giant McDonald`s could be facing a European Commission (EU) investigation into its tax affairs over an alleged 1bn of unpaid tax.

Tuesday, May 05, 2015  23:49


Europe - Economic Growth in Eurozone Appears to Be Gaining Momentum

The European Commission said its prediction for eurozone growth this year was now 1.5 percent, up from 1.3 percent.

Wednesday, May 06, 2015  01:02


World - EU air travellers` rights proposal seen at risk

The European Commission is considering `all possible options` regarding a stalled proposal to bolster the rights of stranded air passengers, which could ultimately lead to the withdrawal of the package, officials say. The Commission proposed rules two years ago to make it easier for stranded passengers to claim compensation by limiting the extraordinary circumstances under which airlines can refuse compensation for delayed or canceled flights. In addition, the British-Spanish territorial dispute over Gibraltar has stalled the implementation of all EU aviation legislation since 2012, meaning any eventual agreement on the air passenger rights proposal would be put on hold until the issue is solved bilaterally. `The Commission is considering all options in order to achieve the best possible outcome,` said Jakub Adamowicz, spokesman for the European Commission.

Wednesday, April 29, 2015  19:57


Europe - European Commission Raises Its Economic Growth Forecast

The body said it was revising upward its prediction for eurozone growth this year to 1.5 percent from 1.3 percent previously.

Tuesday, May 05, 2015  11:04


Europe - VIDEO: European Commission

Economic Affairs Commissioner Pierre Moscovici is announcing the EU`s spring economic forecasts.

Tuesday, May 05, 2015  10:09


World - EU agrees provisional deal to begin carbon market reforms

The European Union agreed a deal on Tuesday to start reforming the EU Emissions Trading System from Jan. 1 2019, EU sources said. Negotiations between the European Commission, the European Parliament and EU member states agreed an outline legal text to start operating a so-called Market Stability Reserve. The agreement on the text follows months of negotiations, with Poland leading opposition to any action before the European Commission`s original proposal to start reform in 2021. It still requires further endorsements before becoming law, including a plenary vote in the European Parliament.

Tuesday, May 05, 2015  18:04


World - China to lift drug price controls from June 1

The Chinese government said on Tuesday it will scrap long-standing state price controls on most medicines, effective June 1, as part of market-oriented reforms. The government will no longer impose upper limits on retail prices for drugs, government agencies including the National Development and Reform Commission (NDRC) and National Health and Family Planning Commission said in a joint statement. `The reform of drug prices needs to... fully utilise the resource allocation role of the market,` the statement said. Price controls will be relaxed over drugs covered by medical insurance, blood products, immunisations, anti-AIDS and birth-control medicines, the statement said.

Tuesday, May 05, 2015  12:51


World - Europe`s top carbon emitters swap 255 million UN offsets for EU permits

LONDON (Reuters) - Firms in Europe`s Emissions Trading System (ETS) have swapped a total of 255 million U.N.-backed carbon offsets for European Union emissions allowances (EUAs) from April 2013-2014, data published by the European Commission showed on Monday. Traders in the EU carbon market watch the swap figure because it can indicate both the current supply of EUAs and the future demand for offsets. The data was due be published at 1200 CEST on Monday but was delayed due to technical reasons, the Commission said on its website. (Reporting By Susanna Twidale. Editing by Jane Merriman)

Monday, May 04, 2015  18:22

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