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Court reduces Commission cartel fines

Fines for Sason and Exxon Mobil have been slashed by in the second-largest-ever court defeat for the Commission.

A journalist uses a computer at the Main Press Center in Beijing

EU upholds €152m fine on Telefónica

The landmark margin squeeze case set an important antitrust precedent for subsequent cases by the Commission and national competition authorities.

EU commission on Telefonica

Almunia approves Telefónica's German merger

Telefónica won approval with commitment to help new competitors enter the market, despite bitter opposition from Germany's competition authority, among others.

A Paris Metro underground sign is seen outside a central Paris agency of French bank BNP Paribas

BNP pays €6.5bn fine to US

French bank, which last night pleaded guilty to circumventing US embargoes on Iran, Sudan and Cuba, said it would pay the fine out of its quarterly profits.

Members of the European Parliament and staff arrive with their luggage to attend a session of the European Parliament in Strasbourg

Left takes chairs of business committees in Parliament

An S&D MEP takes the chair of the economic and monetary affairs committee, a Green takes transport and a hard-left MEP will chair the committee on employment and social affairs.

Euro banknotes coins and a calculator are placed on a currency graph and ticker in picture illustration taken in Zenica

EU deals double blow to tax avoidance

Finance ministers have closed a corporate tax loophole exploited by aggressive tax planning schemes and secured a commitment from Switzerland to reform its corporate tax system.