1. Business.
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INTERNATIONAL cooperation , *TRADE regulation , *CORPORATE finance , *COMMERCIAL crimes , *TEXTILE exports & imports , *INTERNATIONAL trade , *INTERNATIONAL economic relations , *FINANCE , *ANTITRUST law , *ACTIONS & defenses (Law) - Abstract
The article presents news briefs related to business around the world. The European Commission's competition regulator warned Microsoft that it had until May 31, 2005, to comply with last year's antitrust ruling or face possible fines of $5 million a day. Among other things, the commission wants Microsoft to share software protocols with other companies to enable them to tailor products that work within Windows. Vodafone Group, the world's largest mobile-telephone operator with nearly 155 million customers, reported a net loss of £7.54 billion for the year ending March 31st. Britain's home secretary, Charles Clarke, approved the extradition to the United States of three former NatWest investment bankers indicted by a federal court in Texas for Enron-related "wire fraud". The European Union took its turn to pressure China over the surge in textile imports from the country. China tried to reassure America and the European Union that it was tackling the issue by slapping export tariffs on a wide range of textiles, but it will drop the initiative if formal limits are imposed.
- Published
- 2005