WEATHER ALERT
EU's top court dismisses Apple's final appeal against order to pay Ireland 13B euros in back taxes
Read full article: EU's top court dismisses Apple's final appeal against order to pay Ireland 13B euros in back taxesThe European Union’s top court has rejected Apple’s final legal challenge against an order from the bloc’s executive commission to repay 13 billion euros ($14.34 billion) in back taxes to Ireland, bringing an end to the long-running dispute.
TikTok agrees to withdraw rewards feature after EU raised concerns about potential online addiction
Read full article: TikTok agrees to withdraw rewards feature after EU raised concerns about potential online addictionOfficials from the European Union’s executive commission said Monday that TikTok has agreed to end a rewards feature that raised concerns about encouraging excessive screen time and its effects on children.
European Union's competition boss signals fresh AI scrutiny for Microsoft-OpenAI deal and Google
Read full article: European Union's competition boss signals fresh AI scrutiny for Microsoft-OpenAI deal and GoogleThe European Union is escalating its scrutiny of the artificial intelligence industry, including taking a fresh look into Microsoft’s multibillion-dollar partnership with OpenAI.
Apple, Google, Meta targeted under new European law to prevent cornering of digital markets
Read full article: Apple, Google, Meta targeted under new European law to prevent cornering of digital marketsEuropean Union regulators have opened investigations into Apple, Google and Meta, in the first cases under a sweeping new law designed to stop Big Tech companies from cornering digital markets that took effect earlier this month.
Apple gets fined nearly $2 billion by the EU for hindering music streaming competition
Read full article: Apple gets fined nearly $2 billion by the EU for hindering music streaming competitionThe European Union has fined Apple nearly $2 billion by forbidding rivals like Spotify from telling users how they could pay for cheaper subscriptions outside of iPhone apps.
Amazon's bid to buy Roomba maker iRobot is called off amid pushback in Europe
Read full article: Amazon's bid to buy Roomba maker iRobot is called off amid pushback in EuropeAmazon has called off its purchase of iRobot, blaming "undue and disproportionate regulatory hurdles" after the European Union signaled its objection to the deal.
Amazon won't have to pay hundreds of millions in back taxes after winning EU case
Read full article: Amazon won't have to pay hundreds of millions in back taxes after winning EU caseAmazon won’t have to pay about $273 million in back taxes after European Union judges ruled in favor of the U.S. e-commerce giant.
Danish EU commissioner pulls out of the race for the top job at the European Investment Bank
Read full article: Danish EU commissioner pulls out of the race for the top job at the European Investment BankThe European Union’s powerful antitrust chief has withdrawn as a candidate for the presidency of the European Investment Bank.
Broadcom's $61 billion deal to buy VMware gets cleared by European Union regulators
Read full article: Broadcom's $61 billion deal to buy VMware gets cleared by European Union regulatorsComputer chip and software maker Broadcom’s $61 billion proposed purchase of cloud technology company VMware got the green light from European Union regulators who were satisfied by concessions to ease competition fears.
EU fines US firm Illumina $475 million for jumping gun on buying cancer-screening company Grail
Read full article: EU fines US firm Illumina $475 million for jumping gun on buying cancer-screening company GrailThe European Union has slapped a $475 million fine on U.S. biotech giant Illumina for buying out cancer-screening company Grail without the approval of the 27-nation bloc’s antitrust watchdog.
Amazon to make big business changes in EU settlement
Read full article: Amazon to make big business changes in EU settlementAmazon will make major changes to its business practices to end competition probes in Europe by giving customers more visible choices when buying products and, for Prime members, more delivery options.
US, EU agree to intensify talks on 'green subsidies' dispute
Read full article: US, EU agree to intensify talks on 'green subsidies' disputeThe 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.
EU investigates Google's conduct in digital ad tech sector
Read full article: EU investigates Google's conduct in digital ad tech sectorEuropean Union regulators have launched a fresh antitrust investigation of Google, this time over whether the company is stifling competition in digital advertising technology.
EU plans tightening foreign investment, with eye on China
Read full article: EU plans tightening foreign investment, with eye on ChinaThe European Union is planning to tighten rules on foreign investment in its 27 members and increase production autonomy for sensitive strategic goods, two measures bound to hit China — amid already precarious relations with Beijing.
EU accuses Apple of antitrust breach after Spotify complaint
Read full article: EU accuses Apple of antitrust breach after Spotify complaintEuropean Union regulators are accusing Apple of violating the bloc’s antitrust rules, alleging that the company distorts competition for music streaming through rules for its App Store.
EU outlines ambitious AI regulations focused on risky uses
Read full article: EU outlines ambitious AI regulations focused on risky usesEuropean Union officials have unveiled proposals for reining in high-risk uses of artificial intelligence such as live facial scanning that could threaten people’s safety or rights.
EU approves more state aid to boost car batteries industry
Read full article: EU approves more state aid to boost car batteries industryEuropean Commissioner for Europe fit for the Digital Age Margrethe Vestager speaks during a news conference on European project in battery value chain at the European Commission headquarters in Brussels,Tuesday, Jan. 26. Called the “European Battery Innovation," the project will allow non-European businesses such as Tesla to benefit from EU investment. “Thanks to its focus on a next generation of batteries, this strong pan-European project will help revolutionize the battery market," EU commission vice-president Maros Sefcovic said. Sefcovic said the EU intends to develop a battery industry capable of powering at least six million electric cars each year by 2025. “The public has to benefit from its investment, which is why companies receiving aid have to generate positive spillover effects across the EU.”
EU fines drug makers for keeping cheap medicine off market
Read full article: EU fines drug makers for keeping cheap medicine off marketEuropean Executive Vice- President Margrethe Vestager speaks during a media conference regarding an antitrust case at EU headquarters in Brussels, Thursday, Nov. 26, 2020. The European Union has fined two pharmaceutical companies for colluding to keep a cheap alternative to a sleep disorder medicine off the market for their profit and at the expense of patients. (Johanna Geron, Pool via AP)The European Union has fined two pharmaceutical companies for colluding to keep a cheap alternative to a sleep disorder medicine off the market for their profit and at the expense of patients. Vestager said that “Teva’s and Cephalon’s pay-for-delay agreement harmed patients and national health systems, depriving them of more affordable medicines." A cheap alternative would have had a serious impact on the company, and the EU argued that Cephalon enticed Teva in 2005 to stay out of its market.
EU plans new rules giving Europeans more control of data
Read full article: EU plans new rules giving Europeans more control of dataEuropean Commissioner for Europe fit for the Digital Age Margrethe Vestager speaks during a media conference on European Data Governance at EU headquarters in Brussels, Wednesday, Nov. 25, 2020. (Stephanie Lecocq, Pool via AP)LONDON – The European Union is laying out new standards for data giving Europeans more control over their personal information as it seeks to counter the power of U.S. and Chinese tech companies. The EU's executive Commission on Wednesday proposed new rules on the handling of data that would aim to give people, businesses and government bodies the confidence to share their information in a European data market. Europeans would be able to get more control of their data through “personal data spaces” that have tools and services that let them decide who can access their data and for what purpose. “With the ever-growing role of industrial data in our economy, Europe needs an open yet sovereign Single Market for data,” he said.
EU move vs Amazon is latest in string of tech crackdowns
Read full article: EU move vs Amazon is latest in string of tech crackdowns___AMAZONNovember 2020: The EU Commission files charges against Amazon accusing it of using internal data from independent merchants on its platform to unfairly compete against them with its own products. ___APPLEJune 2020: EU Commission opens two investigations into Apple’s mobile app store and payment platform over concerns its practices distort competition by limiting choice and innovation and keeping prices high. ___FACEBOOK2019: The EU Commission launches a preliminary investigation into Facebook's data practices, focusing on how data is gathered, processed, used and monetized including for advertising. 2019: EU Commission fines Google 1.49 billion euros for freezing out rivals in the online advertising business. 2018: EU Commission fines Google 4.34 billion euros for forcing smartphone makers that use its Android operating system to install Google search and browser apps.
EU files antitrust charges against Amazon over use of data
Read full article: EU files antitrust charges against Amazon over use of dataEuropean Executive Vice-President Margrethe Vestager speaks during a press conference regarding an antitrust case with Amazon at EU headquarters in Brussels, Tuesday, Nov. 10, 2020. European Union regulators have filed antitrust charges against Amazon, accusing the e-commerce giant of using data to gain an unfair advantage over merchants using its platform. Margrethe Vestager, the EU commissioner in charge of competition issues, has slapped Google with antitrust fines totaling nearly $10 billion and opened twin antitrust investigations this summer into Apple. Under EU rules, it can reply to the charges in writing and present its case in an oral hearing. It could still be a while before a final decision as there are no deadlines for bringing an EU antitrust case to an end.
EU digital boss: New rules to curb big tech aim for fairness
Read full article: EU digital boss: New rules to curb big tech aim for fairnessTech companies will be banned from giving their own products more prominence in search results. Big tech companies will also have to make it easier for users to switch platforms, or to use more than one online service, she said. EU regulators have been concerned that some companies can monopolize a market by cornering all its users and data -- the lifeblood of the digital economy. Proper enforcement is also important, and the draft proposals call for better cooperation among national authorities in the EU. “And it will give the EU power to step in, when we need to, to enforce the rules against very large platforms,” Vestager said.
EU Commission appeals after losing Apple $15B tax case
Read full article: EU Commission appeals after losing Apple $15B tax caseThe EU Commission “respectfully considers that in its judgment the General Court has made a number of errors of law. For this reason, the Commission is bringing this matter before the European Court of Justice," the bloc's highest court, Executive Vice President Margrethe Vestager said. The EU Commission had ordered Apple to pay for gross underpayment of tax on profits across the European bloc from 2003 to 2014. The commission said Apple used two shell companies in Ireland to report its Europe-wide profits at effective rates well under 1%. Apple said the case was never about how much tax it pays but where it's required to pay.
Europe deploys new weapon in its antitrust fight with Big Tech
Read full article: Europe deploys new weapon in its antitrust fight with Big TechEurope has escalated its crackdown on anti-competitive behavior by US tech companies, taking the rare step of ordering chipmaker Broadcom to halt certain business practices before an investigation is concluded. BRUSSELS, Belgium - Europe has escalated its crackdown on anti-competitive behavior by US tech companies, taking the rare step of ordering chipmaker Broadcom to halt certain business practices before an investigation is concluded. The Commission, which oversees EU competition law, typically only imposes penalties against companies following exhaustive investigations that can take many years to complete. The European Union has emerged as a key battleground for tech companies because of its tough rules on data protection, hate speech, taxation and competition. Vestager, who was recently selected for a second term as EU competition commissioner, said she would not shy away from issuing similar orders in the future.
Europe fines Qualcomm $270 million for 'predatory pricing'
Read full article: Europe fines Qualcomm $270 million for 'predatory pricing'(CNN) - Europe has hit Qualcomm with a 242 million ($271 million) fine, saying the U.S. chipmaker used "predatory pricing" to drive a competitor out of the market for 3G phone hardware. This isn't the first time Europe has fined Qualcomm. In 2018, the European Union levied a 997 million ($1.1 billion) fine against Qualcomm, alleging it paid key customers to sign exclusivity agreements. China's anti-monopoly bureau also fined Qualcomm $975 million in 2015 for violating its antitrust laws. Google has been fined 8.2 billion ($9.2 billion) in total by Europe since 2017.