Alstom rescue deal faces EU delay

Siemens prepares legal challenge to EU-France rescue deal for Alstom

The European Commission said it could now delay a decision on the French government's rescue package for Alstom, the troubled engineering firm.

Tilman Lueder, competition spokesman for the commission, said on Wednesday: "We did say we were endeavouring to find an agreement by the end of the week. We are not there yet. We will not endanger the validity of an agreement by a time schedule."

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Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached