Europe / Russia
Eurotunnel fees too high, rules Brussels
Brussels Commission to tell UK and France, which oversee the operator of the Channel tunnel, that they are in breach of European regulations
Thursday, June 20, 2013 (Financial Times )
Commerzbank to cut 5,200 jobs by 2016
Agreement with labour representatives sees Germany’s second-largest lender by assets move to improve its competitiveness in domestic market
Wednesday, June 19, 2013 (Financial Times )
Air France in $7bn Airbus A350 deal
Carrier confirms it would buy 25 of the jets, as it signs a memorandum of understanding with Rolls-Royce to buy its engines to power the aircrafts
Wednesday, June 19, 2013 (Financial Times )
Switzerland shoots down US tax deal
Rejection raises possibility the US will take more action against Swiss banks – an outcome the government and financial sector are desperate to avoid
Wednesday, June 19, 2013 (Financial Times )
Lundbeck fined for ‘pay for delay’ deals
Ruling by European Commission also imposes a total €52m in fines on the recipients, including Merck of Germany, Arrow, Zoetis and Ranbaxy
Wednesday, June 19, 2013 (Financial Times )
ITALY: Dolce and Gabbana sentenced to jail for tax evasion
An Italian court sentenced Milan designers Domenico Dolce and Stefano Gabbana on Wednesday to one year and eight months in prison for failing to declare around one billion euros in income to the autho
Wednesday, June 19, 2013 (France24)
Hermès challenges LVMH’s stakebuilding
The maker of silk scarves and Birkin bags lodges complaint with Paris commercial tribunal aiming to nullify equity swaps used by rival
Wednesday, June 19, 2013 (Financial Times )
Dolce and Gabbana face jail for €1bn tax evasion
The two Italian fashion designers have been handed suspended sentences of a year and eight months by a court in Milan for evading around €1bn in taxes
Wednesday, June 19, 2013 (Financial Times )
Sweden raises $3bn in Nordea stake sale
SKr19.5bn worth of shares in the lender sold and the government aims to sell the remainder of holding after a 90-day lock-up period ends
Wednesday, June 19, 2013 (Financial Times )
BC Partners to buy Springer for €3.3bn
London-based BC Partners has agreed to buy the German publisher in Europe’s largest transaction by a private equity group since the financial crisis
Wednesday, June 19, 2013 (Financial Times )
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