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Google Faces Possible $3.4 Billion Fine From European Commission

May 17, 2016 06:19 AM EDT

Google could be hit with a record fine amounting to $3.4 billion from the European Commission within the coming weeks, insiders have revealed to the press. European Commission officials in Brussels are said to be putting the finishing touches to a ruling based on a seven-year anti-trust investigation.

Li Ka-Shing's Hutchison Blocked by European Commission From Buying British Mobile Operator O2

Christian George Acevedo |

May 11, 2016 10:32 PM EDT

The European Commission blocked the bid of Li Ka-Shing-led CK Hutchinson Group to take over British mobile network operator O2.

China Begins Research and Tests for 5G Wireless Network

Charissa Echavez |

Jan 09, 2016 06:21 AM EST

Brace yourselves for the upcoming 5G technology. China's Ministry of Industry and Information Technology (MIIT) announced on Thursday that the country is researching and testing 5G (or fifth generation) wireless networks, which it aims to launch it by 2020.

'Grexit' Averted as Tsipras and European Leaders Arrive at Consensus

Benjie Batanes |

Jul 13, 2015 07:29 AM EDT

Greece will stay within the Eurozone as a deal has finally been struck with its European creditors on Monday. However, the government of Alexis Tsipras will have to pass tough legislation that many of his countrymen had earlier rejected in a recent referendum.

‘Grexit’ Is Fatal To EU, Says EU Executive

Dino Lirios |

Mar 15, 2015 08:56 AM EDT

The European Commission cautioned about a 'catastrophe' to ensue if Greece withdraws from the European Union (EU). Chief Executive Jean-Claude Juncker pressures EU governments to show solidarity in light of this, saying the risks involved have been underestimated.

Europe Looks into Splitting Google's Business

David Curry |

Nov 22, 2014 12:50 PM EST

Google is once again under fire by the European Parliament, with growing resentment in the EU for almost a decade against the Internet company.

Jean-Claude Juncker Warns Cameron Against Restricting EU Migrants’ Freedom

Bianca Ortega |

Oct 22, 2014 11:42 PM EDT

European Commission President Jean-Claude Juncker warned UK Prime Minister David Cameron against restricting the EU migrants' freedom of movement, firmly saying he will not "compromise" on this matter.

Sweden's Cecilia Malmstrom will face questions on how she plans to address trade negotiations with U.S. as the new EU Commissioner of Trade at the Commissioner hearings beginning Monday.

EU-U.S. Trade Agreement At Forefront Of EU Commissioners’ Inquiry

Christl Leong |

Sep 29, 2014 01:39 AM EDT

The European Union's incoming trade chief Cecilia Malstrom is set to defend against a tough grilling on how she plans to handle free trade talks with the United States as confirmation hearings for nominees of the new European Commission begin on Monday.