Tag: European Union

Here you will find all the articles with the tag: European Union.

Comply with EU rules or prepare for a ban, Breton warns TikTok CEO

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

date9 days ago
Portugal pushes for fair distribution of green tech subsidies

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

date11 days ago
‘TSMC is talking to suppliers about its first European plant’

‘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

date1 month ago
Amazon settles major EU antitrust cases

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

date1 month ago
‘Intel puts brakes on German chip factory’

‘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

date1 month ago
‘Apple prepares to comply with Digital Markets Act’

‘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

date2 months ago
EU-US privacy shield draws nearer

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

date2 months ago
‘EU startups on track to raise $85B, down from $100B+ in 2021’

‘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

date2 months ago
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