Europe

Vestager was cited in the interview as emphasizing she was seeking heightened investigative powers to ensure that all companies in a certain sector be prevented from monopolizing a particular market. The move would “prevent new gatekeepers from arising, so we can still have the benefit of competition in the market,” said Vestager. … [Read more...] about Alphabet, Amazon, Facebook Face Slew of Curbs as Europe Seeks to ‘Reign In’ Tech Giants

The vaccines are for all EU member states. The four nations that agreed the deal will pay for the total amount, which has not been disclosed, and the scheme allows other countries to join it under the same conditions, a source from the Italian health ministry said. … [Read more...] about AstraZeneca agrees to supply Europe with 400 mln doses of COVID-19 vaccine

The plant is specifically designed to burn coal from the local area, which is unusually difficult to ignite and needs a chemical catalyst added to make it burn. This process results in NOx emissions of around 1,000 mg/Nm3. The limit on NOx set by the European industrial emissions directive (IED) is 200 mg/Nm3. Under this new law, the 1,555MW plant would have to be shut down by 2016. … [Read more...] about UK lobbying to keep open one of Europe’s dirtiest coal power stations

The Louvre in Paris, the world’s most-visited museum, sold out of the 7,400 tickets available when it reopened Monday after almost four months. However, this was just a fraction of its usual occupancy. Before the outbreak of Covid-19, the museum typically welcomed between 30,000 and 40,000 visitors a day, mostly from outside France. … [Read more...] about Europe’s museums sell out of limited tickets in reopenings post Covid-19 lockdown

MUMBAI|KOLKATA: Tata Sons may lend long-term critical financial support to Tata Steel's struggling British and Dutch units, since a funding support expected from the UK government is unlikely to be more than one-fifth of the £500 million sought, top executives close to the development said. UK chancellor of the exchequer, Rishi Sunak, recently stated that he would set an “exceptionally high” bar for companies seeking taxpayer-funded bailouts. “The focus is not about survival, it is about building a sustainable business. While the amount sought from the UK government will help with some liquidity, it is not enough to build an efficient profitable business. Tata Steel UK is doing all it can to focus on building a sustainable business,” one of the executives said. Tata Sons could end up bridging the shortfall given the group’s long-term community reputation and presence in the UK steel industry, they said. “We are watching the developments. Tata … [Read more...] about Tata Steel Europe units may get Tata Sons infusion