european

Lufthansa Buys Stake in Air Berlin

Lufthansa Buys Stake in Air Berlin

On Thursday, Lufthansa signed a $249 million deal to buy parts of Air Berlin to use their assets and quickly expand their Eurowings budget business. Following this announcement, shares of Lufthansa jumped more than 3% marking their highest level in ..

Volkswagen to Launch Online Sales

Volkswagen to Launch Online Sales

On Tuesday, Volkswagen AG (OTC: VLKAY) announced plans to reduce the size of their European dealer network and wants to launch online sales as they adjust to changing consumer buying habits. The company is looking to cut costs across all 12 brands f..

Amazon may get hit with EU’s Sales Tax Reform

Amazon may get hit with EU’s Sales Tax Reform

The European Commission is looking to propose a sales tax reform that is levied in the European Union to tackle fraud and curb companies’ excessive tax planning on Wednesday, which could definitely affect U.S. online retailer Amazon.com, Inc. ..

Citigroup Chooses Frankfurt as New European Trading Hub

Citigroup Chooses Frankfurt as New European Trading Hub

Citigroup, Inc. (NYSE: C) announced that they have chosen Frankfurt as their newest trading hub in the European Union and hopes that the board of directors will approve with this decision. This expansion will create between 150 and 250 new role..

Google is on the Defense

Google is on the Defense

Alphabet Inc. (NASDAQ: GOOGL) is on the defensive. Just one day after the European union hit Google with a $2.7 billion antitrust fine, a Canadian court has ruled against the tech giant as well. A court in British Columbia ruled that Google must rem..

Alphabet Inc. Hit With Record Fine from the EU on Antitrust Violations

Alphabet Inc. Hit With Record Fine from the EU on Antitrust Violations

European Union antitrust officials fined Alphabet Inc. (NASDAQ: GOOGL) unit Google with a record 2.42-billion-euro, equivalent to $2.7 billion. The EU is demonstrating a tough position against the tech and internet giant, claiming that Google h..