european

France fines Google over ‘right to be forgotten’

By Julia Fioretti BRUSSELS (Reuters) – The French data protection authority said it has fined Google 100,000 euros ($111,720) for not scrubbing web search results widely enough in response to a European privacy ruling. The only way for Google to uphold the privacy ruling was by delisting results popping up under name searches and linking them instead to outdated information across all its websites, the Commission Nationale de l'Informatique et des…

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France fines Google over ‘right to be forgotten’

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China says EU should take steel dumping claims to WTO

China's Ministry of Commerce said that claims it was dumping steel in Europe should be put to the World Trade Organization (WTO), responding to reports that the European Commission (EC) was preparing to impose duties on imported Chinese steel. WTO members should fulfill their treaty obligations and stop using “surrogate countries” to pursue anti-dumping claims, a Ministry of Commerce spokesman said, according to a statement released on the ministry's website on Saturday. The EC is set to impose provisional duties later this month of up …

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China says EU should take steel dumping claims to WTO

european

Ford Europe cuts jobs to achieve $200 million cost savings

Ford plans to shed hundreds of white-collar jobs in Europe to cut costs by $200 million annually and is taking additional steps to revamp its lineup as it targets durable profitability in the region, the carmaker said on Wednesday. The U.S. automaker turned a full-year profit of $259 million in Europe in 2015 for the first time

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Ford Europe cuts jobs to achieve $200 million cost savings

european

Yahoo to look at strategic alternatives, cut jobs as it pursues spin-off

Yahoo Inc said on Tuesday it would consider “strategic alternatives” for its core Internet business and cut about 15 percent of its workforce, even as it continues with its plan to revamp the business and spin it off. The announcement is the strongest sign yet that the board and Chief Executive Marissa Mayer may be willing to…

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Yahoo to look at strategic alternatives, cut jobs as it pursues spin-off

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Oil lifts stocks off lows, yen and low-risk debt in favor

LONDON (Reuters) – Glimmers of recovery in oil prices on Wednesday lifted European stock markets off their lows and dimmed the allure of the Japanese yen, gold and ultra-low-risk government debt.

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Oil lifts stocks off lows, yen and low-risk debt in favor

european

How the oil collapse stole Russia’s Christmas

LONDON/MOSCOW (Reuters) – A plunge in the oil price to 12-year lows during Russia's New Year and Orthodox Christmas break means the country returns to work on Monday with its economic recovery and once-mighty savings war chest on the line. Crude's collapse from $100 a barrel since mid-2014 has already pummeled Russia, which relies

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How the oil collapse stole Russia’s Christmas

european

GM Europe operations still loss-making in 2015: CEO in magazine

The European division of General Motors was still loss-making in 2015, but hopes to return to profit this year, the division's chief executive told a German magazine. General Motors

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GM Europe operations still loss-making in 2015: CEO in magazine

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Wall St. opens flat, set to end the month higher

The three major indexes were set to end the month higher for the second straight month. While the U.S. central bank is likely to raise interest rates for the first time since June 2006, the European Central Bank is expected to unveil fresh monetary easing measures on Thursday. “We're coming off a quiet holiday week and we have a lot of hurdles to cross this week with all the data that we're expecting,” said Scott Brown,

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Wall St. opens flat, set to end the month higher

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Italy court says no proof of wrongdoing in UniCredit mafia probe

An Italian court said on Saturday there was no proof to back up allegations that three executives at Italian lender UniCredit had helped a businessman who prosecutors claimed had links to the Sicilian mafia, according to a court document. Fabrizio Palenzona, Unicredit…

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Italy court says no proof of wrongdoing in UniCredit mafia probe

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ECB reveals capital hole in Greek banks as unpaid loans soar

By John O'Donnell and Francesco Canepa FRANKFURT (Reuters) – Greece's banks need to raise more than 14 billion euros (10 billion pounds) of extra capital to cover mounting unpaid loans, the European Central Bank said on Saturday as it announced …

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ECB reveals capital hole in Greek banks as unpaid loans soar

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