EU plans massive industry subsidy fund to compete with the US
Two senior EU officials told POLITICO that the union is "in emergency mode". They confirmed that the bloc is preparing to offer massive subsidies to prevent European organizations from being overshadowed by US competitors.
It seems that the US has dealt their supposed EU allies a 'one-two punch... Read more
EU-US data transfers will soon be legal, new Privacy Shield under way
The United States and European Union agree on a new framework for legal data transfers between the EU and US.
European Commission President Ursula von der Leyen announced that the European Union and United States reached an agreement for legal EU-US data transfers.
The new agreement will be i... Read more
Russia could be cut off from markets and tech goods if they invade
The head of the EU's Executive Commission says Russia would face "massive consequences" if they attack Ukraine.
Western powers are preparing sanctions that would limit Russia's access to financial markets and high-tech goods if they attack Ukraine, a top European Union official said Saturday.
... Read more
The EU proposes a new plan to build its own chips industry
The European Union has a plan to bolster its microchips industry to catch up with rivals like China and the US, using a new ‘Chips Act’ announced by Ursula von der Leyen.
The initiative aims to link up research and design across members states, coordinate funding, and create a joint state-of... Read more