Wednesday

23rd May 2018

Ticker

EU approves Opel takeover by Peugeot

The European Commission on Wednesday approved French carmaker Peugeot's takeover of Opel, which is currently owned by US company General Motors. The commission said the deal was "unlikely to raise competition concerns" because Opel and Peugeot "are relatively small in all the relevant markets" and "will still face strong competition from manufacturers such as Renault, Volkswagen, Daimler, Ford, Fiat and various Asian competitors." The €2.2-billion deal was announced in March.

Focus

Are EU data watchdogs staffed for GDPR?

The success of the new general data protection regulation (GDPR) will depend on whether data protection authorities enforce the new rules - which, in turn, will be at least partly determined by how many people they employ.

EU pessimistic on permanent US trade exemption

EU trade chief said the US will impose tariffs or "other limiting measures" on 1 June, as the EU's offer to start limited trade talks is probably not enough for the protectionist Trump presidency.

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