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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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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

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

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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

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.

Radio France Internationale

Google fails to overturn €4bn fine over Android bundling

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

The Guardian - UK

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…

Asharq Al-Awsat

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

The Independent UK

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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.

The Street

Apple Gets Some Very Bad News from EU

The European Union says Apple 'has abused its dominant position' and unfairly shielded its Apple Pay wallet from competition.

The Guardian - UK

EU claims Apple breaking competition law over contactless payments

Company accused of abusing market position to limit rivals’ access to technology required for tap-and-go transactions

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The Guardian - UK

EU agrees rules to force big tech to rein in illegal content or face huge fines

Digital Services Act can now fine platforms like Facebook, Google and Twitter up to 6% of their global revenue

Bangkok Post

EU agrees on internet rulebook for Google, Facebook, other tech giants

BRUSSELS: European Union countries and EU lawmakers on Saturday clinched a deal on new rules requiring tech giants to do more to police illegal content on their platforms and to pay a fee to regulators monitoring their compliance.

Radio France Internationale

Europe agrees landmark law to rein in Big Tech dominance

Negotiators from the European Parliament and EU member states have agreed on new rules they hope will curb the dominance of Big Tech giants such as Google, Meta, Amazon and Apple.

People

From analysis to the latest developments in health,
read the most diverse news in one place.

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