Italy floats creation of new cartel to meet European interests cartel Italian Prime Minister Mario Draghi has proposed the creation of a new cartel of oil consumers to make markets more favourable to Western buyers.
Musk to meet EU industry chief to discuss online safety and chip shortages MUSK AND EU Elon Musk will meet with EU industry chief Thierry Breton this evening to discuss policing of online content, as well as global chip shortages. Meeting in Texas, the two men come together just weeks after the Tesla founder pushed forward with his $44bn takeover of Twitter. Meanwhile, the EU has pushed forward with its new Digital [...]
Hungary and Slovakia could be spared from Russian oil import ban amid EU divisions EU DIVIDED The European Commission could spare Hungary and Slovakia from an upcoming embargo on buying Russian oil.
Euro zone inflation hits record 7.5 per cent as slowing growth puts pressure on ECB April 1, 2022 Inflation in the Euro zone soared to almost four times the European Central Bank’s target, registering at a record 7.5 per cent last month. European countries faced the prospect of slowing growth and rising costs, with the war in Ukraine continuing to put renewed pressure on gas and energy prices. The EU’s package of sanctions [...]
US and EU sign historic deal to supply Europe with gas – in bid to move away from Russian fuel March 25, 2022 The US and EU have announced a historic deal to supply to supply with Europe with 15bn cubic metres of liquefied natural gas (LNG) by the end of the year. The deal was announced today during US President Joe Biden’s visit to Brussels, on a mission to wean the continent off reliance on Russian fuel. [...]
EU nations reach agreement on carbon tax March 15, 2022 French President Emmanuel Macron has revealed that European Union (EU) member states have reached an agreement on a carbon tax.
Tech giants prefer fines to compliance says EU’s Margrethe Vestager February 23, 2022 Some tech giants may prefer to pay a fine rather than comply, said the European Union's antitrust chief, citing Apple's recent battle with the Dutch courts.
Big tech rule book could be agreed as soon as April as EU clamps down on Google and Apple February 15, 2022 Landmark EU rules aimed at curbing the power of tech giants could be agreed between lawmakers and EU countries as soon as April. Although the rules have faced some obstacles, lawmaker Andreas Schwab told Reuters that he is optimistic that an agreement could be reached in record time for a key piece of legislation. Known [...]
EU set to launch internet satellite system moving away from Chinese dependency February 15, 2022 The EU is gearing up to launch its own satellite internet system to keep up with the likes of Amazon and Elon Musk owned SpaceX, removing European reliance on Chinese-built infrastructure.
EU to probe public sector cloud services following pandemic boom February 15, 2022 European privacy watchdog said today that it will launch joint investigations with 22 national regulators into the use of cloud-based services by the public sector to check if they comply with its privacy safeguards following the digital transformation pandemic boom.