The European Union's veto of an Alstom-Siemens rail merger has revived debate over competition regulations that some say are obsolete in the face of growing rivalry from Chinese giants.
The EU did not approve of the proposed merger between the German company Siemens and the French Alstom in order to maintain the competition in the European market.
The EU hits Google with its biggest ever fine, imposing a 4.34 billion euro ($5 billion) penalty on the US tech giant for illegally abusing the dominance of its operating system for mobile devices.
The EU hits Google with the biggest fine ever against a company for abuse of a dominant market position -- surpassing a previous record also held by Google.
The EU has announced a major probe into a British scheme protecting multinationals from tax avoidance rules, in the latest move to get international companies to pay their share.
The European Commission has opened an in-depth investigation into a proposed 66-billion-dollar takeover of US agrochemical company Monsanto by German pharmaceutical giant Bayer over competition concerns.