Tag Archives: EU

European Chip Industry Seeks More EU Help to Extend Revival

Europe’s semiconductor industry is requesting more help from the European Union as it seeks to build on a tentative revival, embrace technologies such as artificial intelligence and ride out trade wars that threaten global supply chains. A 20-page report submitted to Mariya Gabriel, the EU digital affairs commissioner, requests that a research and development programme launched in 2014 be doubled… Read More »

Facebook Says Users Must Accept Targeted Ads Even Under New EU Law

HIGHLIGHTS GDPR is biggest shakeup in online privacy since birth of Internet Companies face fines if they use personal information without permission Opting out of targeted marketing would not be possible: Facebook Facebook said on Tuesday it would continue requiring people to accept targeted ads as a condition of using its service, a stance that may help keep its… Read More »

Facebook to Put 1.5 Billion Users Out of Reach of New EU Privacy Law

HIGHLIGHTS Facebook is keen to reduce its exposure to GDPR Companies can be fined for using personal data without users’ consent Change affects more than 70 percent of Facebook’s 2 billion-plus members If a new European law restricting what companies can do with people’s online data went into effect tomorrow, almost 1.9 billion Facebook users around the world would be… Read More »

Apple, Others Warn EU Over Patent Fees Guidelines That Favour Qualcomm, Ericsson

Apple, Volkswagen, BMW, and Daimler have warned EU regulators that adopting patent fee guidelines which favour Qualcomm and Ericsson could hurt consumers and hinder innovation. The companies’ lobbying group, the Fair Standards Alliance (FSA), voiced their concerns in a letter dated Oct. 16 to European Commission President Jean-Claude Juncker, Competition Commissioner Margrethe Vestager, Industry Commissioner Elzbieta Bienkowska and their colleagues. The move comes as the EU… Read More »

Brexit: EU pushes ahead with plans to take control of London’s clearing business

The European Union is pushing ahead with plans to assert control over the clearing of euro-denominated derivatives, a politically charged step that could force firms to move from London to the EU after Brexit. The European Commission has drafted a law for firms deemed systemically important to the EU financial system to accept direct oversight by the bloc’s authorities, or… Read More »

EU Probes Qualcomm-NXP Semiconductor Mega-Deal

The EU launched an antitrust probe Friday into US semiconductor maker Qualcomm’s $47-billion purchase of Dutch rival NXP, the biggest ever in the sector. The European Commission said the “in-depth investigation” was due to concerns that the deal would affect competition and lead to higher prices for consumers. The deal announced in October was aimed at extending Qualcomm’s… Read More »

Support for EU freedom of movement rules ‘eroding’

One of the most senior Dutch government ministers has said a fundamental EU principle, freedom of movement, needs to be radically reformed. Deputy prime minister Lodewijk Asscher said support was falling across Europe over the way it has been implemented. Free movement, which allows any citizen of an EU country to work anywhere across the bloc, had led… Read More »

EU Brexit chief sees special care for financial service ties

The European Union’s Brexit negotiator Michel Barnier said on Saturday that the EU will demand “special vigilance” before letting British financial firms access the bloc because of the large risk London could pose to the EU’s financial stability. Responding to a report in the Guardian which said he had told EU lawmakers that he wanted a special deal… Read More »

Post-Brexit deals ‘not at price of EU free trade ties’

Post-Brexit trade deals should not “come at a price” to existing agreements with other EU nations, ex-chancellor George Osborne says. But he told the BBC’s Andrew Marr the UK needed a “hard-headed assessment” of issues such as the EU customs union. On the same programme, International Trade Secretary Liam Fox did not reveal his stance on the customs… Read More »

EU extends Russia sanctions over Ukraine

EU leaders have agreed to extend economic sanctions against Russia for six more months. Earlier, France and Germany complained that the Minsk peace deal for Ukraine was still not being fulfilled. Russia’s military interventions, first in Ukraine, then in Syria, were high on the EU summit agenda in Brussels. But Italy and Slovakia want sanctions, that have cost… Read More »