Legal & Regulatory
History offers no support for Detroit; scarce with happy endings for municipal bankruptcy filings
Local governments that filed for Chapter 9 did not exactly have happy endings. Detroit officials may be hopeful that their Chapter 9 bankruptcy filing will ultimately strengthen their economy, but history has shown otherwise.
EU regulators accept Penguin's pledge to scrap Apple ebook deals
The European Commission accepted the book publisher's pledge to end its ebook deals with Apple that breached EU laws on competition.
William Hague calls for EU reform
William Hague said that he is calling for a reform in the European Union competences. UK foreign secretary, William Hague, called for a reform to decentralize power in the European Union for the benefit of all of its members, not just Britain.
European Union considers option to blacklist Hezbollah military wing
The European Union weighs options regarding the military wing of Hezbollah as Britain persuaded its peers to blacklist the Shi'ite Muslim group's military wing.