EU agency: serious cyberattacks in Europe doubled over the past year
Cyber criminals took advantage of the pandemic to increase their activity
CNN this week reported that significant cyberattacks against critical targets in Europe have doubled in the past year. The US based news service cited new EU figures they had obtainedd from EU authorities. The data show th... Read more
Biden to discuss Trans-Atlantic data deal to fix EU-US ties
On June 15, Biden will meet with European Union leaders in Brussels and according to five people with knowledge of the matter, he aims to secure a political agreement with them to restore confidence in the trans-Atlantic flow of data.
A deal like that would be a big step in clearing away the dar... Read more
EU and Bill Gates to inject $1 billion into clean tech in the bloc
The European Commission has announced a partnership with Bill Gates to fund sustainable energy, with the intent to open up new investments for clean technologies and sustainable energy plans. The deal totals up to $1 billion or €820 million, to be doled out over five years, beginning 2022 all the... Read more
EU lawmaker says tech rules should only target US tech giants
The European Union should take a tougher stance when it comes to the Digital Markets Act. That is the view of a leading EU lawmaker involved in setting up these new rules. More specifically, the main focus of the new rules should only target monopolistic U.S. tech giants, like Apple, Alphabet, Amaz... Read more
EU wants to cut off profits from digital ads around disinformation
European Union officials revealed plans aimed at expanding the code of practice for online disinformation, to prevent digital ad companies from profiting off false information.
The officials announced that they were beefing up the three-year-old voluntary code to make it better at fighting misin... Read more
Amazon found not guilty of tax evasion via Luxembourg
Amazon does not have to pay back 250 million euros in tax to the European Union. This was ruled by a judge after the company was accused of paying too little tax through a financial construction in Luxembourg.
In 2017, the European Commission ruled that Luxembourg had given an unfair tax advanta... Read more
Microsoft’s EU data protections are not adequate
Microsoft has announced that it has plans to ensure data processing for EU cloud services within the borders of the bloc. The plans have led expert observers to make claims that show problems with the software giant’s existing setup.
The problems extend to the UK's public sector organizations ... Read more
Europe wants to create more tech unicorns
It always seems that every other time you hear about a company achieving unicorn status, it is usually American. The EU is feeling the pressure to increase its presence in the world of tech. There are already plans underway to help boost the number of privately-owned European companies valued at mo... Read more
EU should pay Intel 8 billion euros for two chip factories
This week it became clear that Intel's CEO, Pat Gelsinger, has put a proposal on the table with the European Commission to build a chip factory in Europe. Gelsinger wants an 8 billion euro subsidy in exchange for the construction of one European chip factory. That's a nice offer to start with, but ... Read more
Europe plans strict rules for artificial intelligence
Companies that violate the new regulations could face fines up to €20 million or 4% of their turnover.
The European Commission, the executive branch of the EU, has leaked to POLITICO a draft of its new AI rules. The Commission plans to make the rules public on April 21.
Under the draft pr... Read more