The Latest Breaking News from European Commission

Brussels is set to finalise stringent new legislation targeting Silicon Valley giants, whose desperate lobbying has fallen on deaf ears

Three companies have lodged a complaint with the European Commission against Microsoft, accusing the US technology giant of anti-competitive practices in its cloud services, sources told AFP Saturday, confirming media reports. Microsoft is "undermining fair competition and limiting the choice of consumers" in the computing cloud services market, said one…

Intel plans to announce details on Tuesday of its investment plans for semiconductor research and manufacturing in Europe, hinting that it has finalized locations for new factories. The US chipmaker unveiled plans last September to invest as much as $95 billion in Europe over the next decade, and Chief Executive…

The EU imports 40% of its natural gas from Russia, and nearly half of the five million barrels of crude oil Russia exports daily go to Europe. Fossil fuel revenue funds Putin’s aggression in Ukraine, and for this reason, the European Commission recently announced plans to eliminate Russian fuel imports…

European energy experts and the ECB say such a transition will involve higher energy costs and some hardship.

The European Commission will continue talking to Bulgaria to get its approval for accepting North Macedonia into the bloc, the EU's foreign policy chief Josep Borrell said on Monday.

The European Union will suspend Moscow's privileged trade and economic treatment, crack down on its use of crypto-assets and ban exports to Russia of EU luxury goods and import of iron and steel goods, the head of the European Commission said on Friday. The new measures amount to a fourth…

Valneva SE (NASDAQ:VALN) now expects a positive recommendation from the European Medicines Agency (EMA) for its VLA2001 COVID-19 candidate vaccine in April. Earlier, the Company expected the European recommendation by the end of March. As announced in February, Valneva received a list of questions as part of the CHMP's initial assessment, to which…

EU and U.K. antitrust regulators launched parallel investigations into Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) unit Google and Facebook parent Meta Platforms Inc (NASDAQ:FB) over a 2018 ad deal, CNBC reports. The European Commission and the U.K.’s Competition and Markets Authority investigated whether the pact between the two tech giants dubbed “Jedi Blue” squeezed competitors out of…