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The European Commission, the EU's main anti-monopoly regulator, said it has begun an in-depth inspection of the merger of German Siemens units and French Alstom in the field of railway engineering. The consideration is scheduled to be completed no later than November 21. The companies announced plans to merge in September last year. The merged company will be called Siemens Alstom and will retain its headquarters in the suburbs of Paris. Its annual revenue will be about 15 billion 300 million euros. The European Commission fears that the merger of the industry's giants will lead to higher prices for their products, reduced choice from customers and a reduction in competitive pressures.
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
On Wednesday, European stocks rose slightly after mixed earnings reports. However, the new wave of the coronavirus outbreak kept investors cautious while they also wait for the U.S. Federal Reserve’s announcement. The Stoxx Europe 600 ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
European shares fell earlier on Monday, weighed down by travel stocks after the U.K. placed a quarantine on travelers from Spain as the number of COVID-19 cases continue to surge. The pan-European STOXX index lost 0.5% at 0718 GMT. Meanwhile, ...
The self-driving car company Waymo LLC and Fiat Chrysler Automobiles NV (FCHA.MI) signed a partnership deal on Wednesday to fully develop self-driving cars, pickups, and SUVs. Waymo, an Alphabet Inc. (GOOGL.O) unit, and Fiat Chrysler said ...
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