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France, Italy and Spain push for new regime to fix EU banking fragmentation

The call to create a voluntary cross-border framework for banks comes ahead of a major Commission report on sector competitiveness. France, Italy and Spain have jointly proposed new rules aimed at easing cross-border banking operations and cutting red tape across the bloc, according to a document seen by Euronews. The three countries submitted their proposals as an input to the European Commission, which is expected to publish a report on the competitiveness of the banking sector on 15 July.

Euronews 7d ago

Hong Kong watchdog to propose criminalising bid-rigging as early as September

Hong Kong’s competition watchdog aims to submit proposals to criminalise bid-rigging as early as September, paving the way for the government to table legislative amendments by the end of the year, following the city’s deadliest fire in decades. Senior Counsel Jat Sew-tong, who assumed the role of chairman of the Competition Commission last month, said on Friday that the watchdog would also launch a study into the city’s auto fuel market amid a surge in prices. The market has faced...

South China Morning Post 5d ago

Australian BTS fans blast Ticketmaster’s ‘predatory’ tactic of hiding price until tickets go on sale

Australian fans of the K-pop group BTS are accusing Ticketmaster of using "predatory" tactics by hiding ticket prices until the sale begins. These fans are urging others to file formal complaints with the Australian Competition and Consumer Commission (ACCC). The accusations relate to the upcoming BTS comeback tour concerts scheduled for 2027.

The Guardian World 14d ago

Paramount, Warner Bros deal under EU subsidy scrutiny, decision due July 14

Paramount, Warner Bros deal under EU subsidy scrutiny, decision due July 14 BRUSSELS, June 10 : Paramount Skydance Corp's $110 billion takeover of Warner Bros Discovery, backed by Gulf sovereign wealth funds, is under European Union subsidy scrutiny, according to a European Commission filing. The U.S. entertainment giant sought EU approval under its Foreign Subsidies Regulation, which targets unfair foreign state aid, on Tuesday. The Commission, which acts as the EU competition enforcer,...

Channel News Asia 10h ago

Up to 1.3 million EU jobs at risk due to war in the Middle East

The European Commission has raised the alarm over the economic impact of the conflict, warning that energy-intensive industries face the greatest risk of job losses. Up to 1.3 million jobs across the EU are at risk because of the ongoing war in the Middle East, European Commissioner for jobs Roxana Mînzatu said on Wednesday. The warning came during the presentation of the 2026 Spring Semester Package, a bi-annual publication by the EU executive that provides guidance to the 27 member states...

Euronews 7d ago

Southampton owner will not sack apologetic Eckert despite role in Spygate scandal

Saints head coach issues apology in club video messageDragan Solak wants to ‘close the chapter and look ahead’Tonda Eckert has apologised for orchestrating the Spygate scandal that culminated in Southampton being kicked out of the Championship playoff final. Southampton, who observed training sessions of three opponents last season, were denied the chance to win promotion after an independent disciplinary commission found the club “seriously violated” the integrity of the competition....

The Guardian UK 8d ago

Southampton owner will not sack apologetic Eckert despite role in Spygate scandal

Saints boss issues apology in video message from clubDragan Solak wants to ‘close the chapter and look ahead’Tonda Eckert has apologised for orchestrating the Spygate scandal that culminated in Southampton being kicked out of the Championship playoff final. Southampton, who observed training sessions of three opponents last season, were denied the chance to win promotion after an independent disciplinary commission found the club “seriously violated” the integrity of the competition. Eckert,...

The Guardian Sport 8d ago

EU orders Meta to reopen WhatsApp to AI rivals for free

BRUSSELS — The European Commission ordered Meta on Tuesday to give competing artificial intelligence assistants free access to WhatsApp, a rare emergency intervention that will stay in force until it completes an antitrust investigation into the company. Meta has until next week to restore the terms that applied before it began restricting access last October, when rival assistants could use the messaging service’s business tools at no cost. “In rapidly evolving markets, competition can be...

Politico EU 1d ago

As ACs run nonstop in 45°C heat, are Delhi homes facing a growing fire hazard?

As temperatures across Delhi-NCR climb past 45 degrees Celsius, air-conditioners are now running almost constantly in homes, apartments and residential societies. In this extreme heat, another problem is quietly showing up inside these spaces: The risk of AC-related fires. What usually begins as a basic attempt to beat the summer heat can sometimes spiral into something far more dangerous.

Times of India 10d ago

New tartan celebrates Scotland and United States’ ‘enduring connection’ ahead of World Cup

New tartan celebrates Scotland and United States’ ‘enduring connection’ ahead of World Cup - Bookmark - CommentsGo to comments A new tartan has been unveiled to commemorate Scotland’s enduring relationship with the United States, ahead of the nation’s 250th anniversary and its co-hosting of the upcoming World Cup. The design, crafted by Kaci McEwan, a student at Heriot-Watt University’s School of Textiles and Design in Edinburgh, was chosen to symbolise the deep historical and cultural bonds...

The Independent World 3d ago