LONDON (AP) — The European Union leveled its first antitrust penalty against Apple on Monday, fining the U.S. tech giant nearly $2 billion for breaking the bloc’s competition laws by unfairly favoring its own music streaming service over rivals. Apple banned app developers from “fully informing iOS users about alternative and cheaper music subscription services … Read more
Mumbai: European Union authorities have proposed amending norms on exposure to third-country clearing houses, a move that comes amid a protracted tussle between the Reserve Bank of India (RBI) and regulators from the continent on treating the primary domestic sovereign bond platform. ET has seen a document dated February 13 that showed the General Secretariat … Read more
Amazon has become the second company ever to have its lobbyists banned from the European Parliament, amid accusations the company does not take the institution seriously. The ban, which means the 14 Amazon employees who had access to the European Parliament can no longer enter the building without an invitation, follows the company’s decision not … Read more
The European Union will investigate whether ByteDance’s TikTok breached online content rules aimed at protecting children and ensuring transparent advertising, an official said on Monday, putting the social media platform at risk of a hefty fine. EU industry chief Thierry Breton said he took the decision after analysing the short video app’s risk assessment report … Read more
TikTok plans to ramp up efforts to combat fake news and covert influence operations ahead of June’s elections for European Parliament, the video-based social media app announced Wednesday. The app will launch local language “election centres” for every European Union (EU) member state next month to “ensure people can easily separate fact from fiction,” according … Read more
The leaders of the 27 European Union countries sealed a deal Thursday to provide Ukraine with a new 50-billion-euro (US$54 billion) support package for its war-ravaged economy despite weeks of threats from Hungary to veto the move. European Council President Charles Michel announced the agreement that was reached in the first hour of a summit … Read more
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The European Union said Tuesday it is examining Microsoft’s multibillion-dollar investment in OpenAI, the artificial intelligence (AI) company behind the popular ChatGPT tool, and whether it is subject to the bloc’s merger rules. “The European Commission is checking whether Microsoft’s investment in OpenAI might be reviewable under the EU Merger Regulation,” the EU’s executive arm … Read more
US Secretary of State Antony Blinken’s first videoconference with European Union foreign ministers last month was so good humoured that some diplomats in Europe described it as a “love fest”. But two senior envoys who attended said there was no direct response from the ministers gathered in Brussels when Blinken said: “We must push back … Read more
Threads — Meta’s rival to X, the platform formerly known as Twitter — launched in “countries across” Europe on Thursday. “Today we’re opening Threads to more countries in Europe,” Meta CEO Mark Zuckerberg said. “Welcome everyone.” European Union (EU) officials said in July the launch of the platform in Europe would be delayed because of … Read more
