ow do you found one of the largest and most iconic sports companies in the world, becoming a billionaire along the way? Phil Knight recently unveiled the answer in his best-selling book “Shoe Dog: A Memoir by the Creator of Nike.” Here are some of the most important tips to
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Antitrust: Commission fines Google €2.42 billion
he European Commission has fined Google €2.42 billion for breaching EU antitrust rules. Google has abused its market dominance as a search engine by giving an illegal advantage to another Google product, its comparison shopping service. The company must now end the conduct within 90 days or face penalty payments of
WEF: 3 interesting facts about gaming industry
nteractive gaming has evolved rapidly since the early days of arcade cabinets. What was once a one or two-player experience is now shared widely around the globe. In 1995 there were 100 million gamers worldwide; today that number has climbed to 2.6 billion. Revenue for the global gaming industry is estimated
WEF: How the last 10 years of business changed everything
actics are more important than strategy and less important than vision. That appears to be the new set of rules in today’s business world. Businesses cannot simply follow in the footsteps of their larger rivals; they must forge their own path. In the past, transnational champions would compete alongside one another
State aid: Ireland gave illegal tax benefits to Apple
he European Commission has concluded that Ireland granted undue tax benefits of up to €13 billion to Apple. This is illegal under EU state aid rules, because it allowed Apple to pay substantially less tax than other businesses. Ireland must now recover the illegal aid. Commissioner Margrethe Vestager, in charge of
Barriers to SMEs growth in the EU
mall and medium-sized enterprises (SMEs), which represent 99% of all businesses in the EU, play a pivotal role in its economy. Nevertheless, in comparison to larger firms, they often face significant obstacles – internal, administrative and financial – which affect them disproportionately. SMEs have been affected negatively by the economic crisis,
Antitrust: Truck producers cartel fined 2.93 bn EUR
COSME: Competitiveness of Enterprises and SMEs
OSME is the EU programme for the Competitiveness of Small and Medium-sized Enterprises (SMEs). Allocated a financial envelope of EUR 2.3 billion for the 2014-2020 period, it is designed to improve SMEs’ access to finance and markets. It should also support entrepreneurship and provide more favorable conditions for business creation
Antitrust: new EU rules to boost card payment transparency
The European Commission welcomes the entry into force in June 2016 of new rules to make the costs of payments with debit or credit cards more transparent to retailers and consumers and allow them to make efficient choices. All elements of the Interchange Fee Regulation are now fully applicable. Commissioner Margrethe Vestager,
E-commerce: Nearly 20% EU enterprises sold online
ccording to the Eurostat, in 2014 enterprises located in the European Union made 17% of their total turnover from electronic sales to other businesses or consumers, compared with 12% in 2008. As in previous years, EU enterprises engaged more in e-purchases than in e-sales in 2014, with 40% having purchased
SMEs: 9/10 EU enterprises employed less than 10
icro-enterprises, as well as small and medium sized enterprises (SMEs), are considered as a driver of the economy of the European Union (EU), creating jobs and contributing to economic growth. In 2012, of the 22.3 million enterprises in the EU’s non-financial business economy, an overwhelming majority (92.7%) were micro-enterprises (with
EC clears acquisition of BG Group by Royal Dutch Shell
he transaction was cleared as it will not grant Shell market power in oil and gas exploration, LNG liquefaction or LNG wholesale supply. Shell will also not be able to prevent competitors from using its gas infrastructure in the North Sea. The European Commission has approved under the EU Merger Regulation