Margrethe Vestager News

19.07 / 16:31

UPS Amazon Microsoft Platform Apple iRobot Meta Platforms French backlash scuppers appointment of US economist for EU Big Tech regulation

EU antitrust chief, Margrethe Vestager, triggered the furore last week by picking Fiona Scott Morton as the chief economist of the EU's antitrust unit, the competition arm currently running probes into US tech giants Alphabet, Apple, Meta Platforms, Microsoft and Amazon's bid for iRobot. It is rare for the Commission to pick a non-EU national for such a senior job unless there are exceptional circumstances.

19.07 / 13:15

UPS Citizens Merit Action As Macron's criticism reverberates, US economist says she won't take top EU job

The European Union says the American candidate to become one of the bloc’s chief economists will now not take up the position because of the political controversy it has stirred

18.07 / 14:27

Adoption regulation Europe European Union Metaverse European Commission strategies EU stays on top of Web3 with metaverse, AI and crypto strategies

The European Union has been vocal about its place in the rapidly expanding ecosystem of emerging technologies.

12.07 / 15:59

Reuters Progressive Software Enterprise Interface Marvell Broadcom European Commission Deal Broadcom's $61 billion VMware deal wins conditional EU antitrust OK

By Foo Yun Chee

12.07 / 13:03

UPS Target BLOCK Microsoft CEO Illumina European Commission EU fines US firm Illumina $475 million for jumping gun on buying cancer-screening company Grail

The 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

11.07 / 14:11

Facebook UPS Digital Microsoft Platform Apple Meta Platforms EU looks to take lead in metaverse world, avoid Big Tech dominance

European Commission on Tuesday set out a plan in a bid to take the lead in the metaverse — shared virtual worlds accessible through the internet — and to prevent Big Tech dominating a nascent sphere that could boost economic growth. The EU initiative comes as Facebook owner Meta Platforms, Microsoft and Apple work on metaverse products or services, prompting fears that the companies may get an unfair advantage over smaller rivals.

31.05 / 14:37

business regulation Europe European Union ChatGPT EU, US should push for AI code of conduct: EU tech chief

Lawmakers in the European Union are seeking to implement a code of conduct for the development and implementation of artificial intelligence (AI) prior to their forthcoming EU AI Act.

22.03 / 23:25

NFT Metaverse Crypto Presale Metaverse Game RobotEra is a New Contender in the Metaverse Arena – Don't Miss Your Chance to Invest Early

RobotEra, a blockchain-based metaverse game, has been grabbing attention in the metaverse gaming space. The platform is gearing up for launch and has already secured over a million dollars in funding during its presale.

22.03 / 18:05

business Adoption regulation Web3 Enterprise Metaverse European Commission 'Get comfortable with discomfort' for Web3 success: PBW 2023

The metaverse continues to be a hot topic in the Web3 space, as a group of industry professionals took to the Venus de Milo stage at Paris Blockchain Week 2023 to discuss the future of digital reality.

08.03 / 11:03

Adoption regulation Europe European Union legislation EU Commission to ensure 'healthy competition' in the Metaverse

Considering the regulatory struggle to keep up with ever-evolving innovations, Margrethe Vestager, the executive vice president of the European Commission, recommended a headstart into brainstorming implications of technologies such as the Metaverse and ChatGPT.

26.02 / 19:09

Europe Tempers Criticism of Biden’s Green Subsidies

BRUSSELS—Europe is dialing back its criticism of U.S. clean-energy subsidies, after months of denunciations of the measures contained in a package of climate, tax and healthcare legislation signed by President Biden last year.

25.01 / 15:57

U.S. Energy Subsidies Kick Off Global Battle for Jobs, Billions in Investment

Massive clean-energy incentives in the U.S. have set off a global competition for green investment, spurring companies to rethink where they put their money and prompting America’s trading partners to consider their own subsidies.

05.12 / 16:25

European Union Football Trade war over green subsidies looms large over EU-US tech summit

The shadow of an imminent trade war over green subsidies is looming large at a high-level EU-US summit taking place on Monday.

10.11 / 16:43

CLIMATE CRISIS foreign 'Ending the free-for-all': MEPs back rules to curb access for subsidised foreign companies

European lawmakers on Thursday approved new rules to reduce acquisitions of companies or bids for public contracts by subsidised foreign companies.

03.06 / 15:43

Health European Union Queen Elizabeth II Deal recovery Fair deal or cave in? Brussels' green light of Poland's recovery plan reveals loopholes

Poland is set to receive the first tranches of the EU's recovery fund while national judges remain under the effects of the disciplinary chamber of the Supreme Court, a controversial body that is largely seen as a tool of government encroachment upon the judiciary and that the European Court of Justice has deemed incompatible with EU law.

23.03 / 14:43

Death Brussels relaxes state aid rules for companies impacted by war in Ukraine

Brussels announced on Wednesday a temporary relaxation of its rules limiting state aid for companies to support the economy in the wake of the war in Ukraine.

08.02 / 17:47

Technology Kyiv Semiconductors: Brussels wants to plough billions into making more microchips in the EU

In a bid to help the EU catch up with the increasingly competitive global tech race, Brussels has unveiled a massive subsidy programme for semiconductors, the chips that power all sorts of electronic devices and have become a precious commodity in the midst of supply chain disruptions.

10.11 / 13:29

Google Climate change Climate Fine Google loses appeal against €2.4 billion EU fine over its shopping service

Google has lost its appeal against a €2.42 billion antitrust fine imposed by the European Commission in relation to its shopping service.

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