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The Latest Breaking News from Margre Vestager

Here's the week's top NFT and metaverse news

NFT volume reached $2 billion—the highest level since May.

Fortune

Can the EU keep up with the US on green subsidies?

The huge incentives in the Inflation Reduction Act are provoking a debate in Europe with ramifications for the entire single market

Financial Times

Can EU anger at Biden’s ‘protectionist’ green deal translate into effective action?

Analysts warn bloc’s lack of industrial policy may impede riposte to $370bn US subsidy package

The Guardian - UK

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EU vows to protect European industry to counter US subsidies

Brussels (AFP) - The EU on Monday said it would take "decisive steps" to protect Europe in the face of massive US subsidies that have left the bloc scrambling to find a way to keep businesses on the continent.

AFP

TikTok CEO to meet EU regulators in Brussels

Brussels (AFP) - TikTok's chief executive will hold talks with top EU officials in Brussels on Tuesday as the West steps up its scrutiny of the Chinese-owned social media giant.

AFP

Amazon strikes deal with EU to close anti-trust probes

Brussels (AFP) - Online retail giant Amazon has reached an agreement with the European Commission to close two inquiries into anti-competitive tactics, notably using third-party seller data to improve its own sales.

AFP

US, EU agree to intensify talks on 'green subsidies' dispute

The United States and European Union have agreed to intensify talks to resolve EU concerns over major subsidies for American companies contained in a U.S. clean energy law

The Independent UK

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US, EU meet with little progress on green plan tensions

College Park (United States) (AFP) - US and European Union officials met for trade and technology talks Monday, but hanging in the balance were heightened tensions over American subsidies for its green industry that Europe considers anti-competitive.

AFP

The UK reined in Rupert Murdoch. Why can’t we stop Vincent Bolloré in France?

The billionaire is poised to gobble up titles like Paris Match and publisher Hachette. Europe must intervene to uphold media freedom

The Guardian - UK

U.S.-Europe Trade Booms as Old Allies Draw Closer

The global economic map is rapidly transforming, with trade and investment between the U.S. and Europe booming as Russia's war in Ukraine and fraying ties between the West and China draw the transatlantic allies closer.

Bangkok Post

Valencia wins fight against EU state aid decision, another blow for EU

Spanish soccer club Valencia on Thursday won its fight against an EU state aid decision as Europe's top court said competition regulators had failed to prove their case in yet another blow to EU antitrust chief Margrethe Vestager's tax crackdown.

Reuters

Top European official: if Twitter ignores the law, penalties will 'haunt' Elon Musk

In her first interview since Musk took the reins of Twitter, Margrethe Vestager said there will be serious penalties against Twitter if the platform ignores new European speech laws.

WEKU

EU may extend easier state-aid rules due to Ukraine war

EU regulators are considering extending easier state-aid rules which allow governments to support businesses affected by the war in Ukraine to end-2023, and with bigger amounts permitted, competition chief Margrethe Vestager said on Wednesday.

Reuters

EU Commissioner says UK should find ways to resolve protocol impasse

Margrethe Vestager said European Union has tabled ‘many pragmatic solutions’ to the issues raised by the UK.

The Independent UK

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Radio France Internationale

EU proposes emergency powers over supply chains, raising concerns among some companies

Under draft legislation that would give Brussels emergency powers to tackle future supply chain crises, Europe-based companies could be made to prioritise the production of key products and stockpile goods.

The Guardian - UK

Google fails to overturn €4bn fine over Android bundling

Europe’s competition commission has imposed €8.25bn in antitrust fines on the company

AFP

Google handed setback as EU court upholds record fine

Luxembourg (AFP) - The European Union's second-highest court on Wednesday overwhelmingly upheld the EU's record fine against Google over its Android operating system for mobile phones, slightly reducing the fee for technical reasons.

AFP

Google loses appeal against record EU antitrust fine

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Asharq Al-Awsat

EU Court’s Wednesday Ruling on Record $4.4b Google Fine May Set Precedent

A ruling on Wednesday by Europe's General Court on whether Alphabet's (GOOGL.O) Google should face a record EU antitrust fine of 4.34 billion euro ($4.4 billion) for using its Android mobile operating system to quash rivals could set a precedent for other regulators looking into its business practices. Google will…

AFP

EU court decides record antitrust fine against Google

Luxembourg (AFP) - The European Union's second-highest court will rule Wednesday whether Brussels went too far in handing Google a 4.3-billion-euro fine over its Android operating system for mobile phones.

AFP

US, EU to ramp up chip making and raise pressure on Russia

Saclay (France) (AFP) - The United States and the European Union announced on Monday a joint effort to boost microchip manufacturing and tackle Russian disinformation around the war in Ukraine.

The Independent UK

EU Commission to end relaxed COVID-19 state aid scheme

The European Commission says it will gradually put an end to temporary rules that allowed the 27 EU member countries to benefit from extra public support during the coronavirus pandemic

AFP

Tech vs telecoms: EU ignites debate on 'net neutrality'

Paris (AFP) - Tech and streaming giants suck up vast amounts of bandwidth, so the EU this week revived a long-standing idea to make them pay the telecom firms who maintain the infrastructure.

Benzinga

Europe Antitrust Chief: Stopping Tech Giants Like Apple, Facebook From 'Exploiting Enforcement Gaps' Requires Global Unity

European Commissioner for Competition Margrethe Vestager on Thursday called for a global approach toward Big Tech companies to prevent them from taking advantage of enforcement gaps.

Input

EU targets Apple Pay in new antitrust case

Apple's walled garden is being called into question with increasing frequency.

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