The International Monetary Fund (IMF) and the European Commission (EC) have advised African leaders on the need to improve revenue generation, preserve debt sustainability and provide more consessional funding to reduce the current constraints on their countries given the high level of debt and fiscal constraints militating their developmental initiatives. The Breton Woods finance institution’s […]
European Union (EU) antitrust regulators have extended the deadline for a decision on Facebook’s acquisition of U.S. customer service startup, Kustomer, by a week to Dec. 15, 2021. A European Commission filing on Monday, indicated that the EU executive, which acts as the competition enforcer for the 27-country bloc, opened a full-scale investigation into the […]
The European Commission (EC), the administrative arm of the European Union (EU) on Thursday fined BMW, Audi, Porsche and Volkswagen €875,189,000 for illegally colluding to restrict competition on emission-cleaning equipment for diesel engines. A news report by Forbes.com indicated that all the five automakers admitted their guilt, although Daimler escaped a €727 million financial penalty […]