Comply with EU rules or prepare for a ban, Breton warns TikTok CEO
Chinese social media company TikTok could be banned from the European Union if it doesn't do more to comply with EU legislation before September, according to the top official overseeing the EU's internal market.
Commissioner Thierry Breton warned TikTok CEO Shou Zi Chew that the company needs t... Read more
Portugal pushes for fair distribution of green tech subsidies
Portugal's finance minister warns against creating competition between small and large EU states.
This week Portugal's finance minister warned that the EU's response to the US stimulus package for green tech should use financing instruments that ensure equality between all member states.
In ... Read more
EC chief announces Net-Zero Industry Act to counter US green subsidies
The European Commission will introduce a series of clean tech objectives for 2030 under the auspices of a proposed 'Net-Zero Industry Act', according to a report in POLITICO.
The announcement was made by EC President Ursula von der Leyen at the World Economic Forum in Davos on Tuesday.
The p... Read more
EU court rules that companies must reveal with whom they share data
An Austrian case could have a wide-ranging impact on how the GDPR is enforced.
The Court of Justice of the European Union has issued a decision that forces personal data collectors to identify the entities they sold data to when requested under the EU GDPR.
The decision is in response to a c... Read more
‘TSMC is talking to suppliers about its first European plant’
According to a Financial Times report, Taiwan Semiconductor Manufacturing Company is in advanced negotiations with major suppliers about establishing its first European facility in Dresden, Germany.
According to the report, TSMC is sending a team of top executives to Germany in early 2023 to eva... Read more
Amazon settles major EU antitrust cases
Amazon has concluded two European Commission antitrust probes into its e-commerce marketplace.
The news was made public on Tuesday. As part of the deal, Amazon promised to adjust the business practices that came under antitrust scrutiny over the past few years.
Amazon's e-commerce marketplac... Read more
‘Intel puts brakes on German chip factory’
Intel has stepped back from its original target of opening a chip factory in Germany's Magdeburg in the first half of next year. The report comes from Volksstimme, a regional newspaper which said the chip giant wants more public subsidies.
The plant is critical to German and European Union initi... Read more
‘Apple prepares to comply with Digital Markets Act’
Apple is preparing to allow rival app stores on iPhones and iPads as part of a significant overhaul to meet rigorous European Union standards in 2024.
Sources familiar with the matter told Bloomberg that Apple's operations, software engineering and services staff are working hard to open up cruc... Read more
EU-US privacy shield draws nearer
The European Union is moving in on the final stages of a data transfer pact with the United States. Brussels issued a draft decision asserting that US safeguards against intelligence-gathering activities are robust enough to address concerns previously raised by the EU.
Both sides managed to sea... Read more
‘EU startups on track to raise $85B, down from $100B+ in 2021’
This is the region's second consecutive year of decline following a record-breaking 2021.
London-based venture capitalist Atomico analysed the startup investment landscape in Europe. The report highlights an immense concentration of venture capital activity. Just three countries – the UK, Ge... Read more