DIRS.INFO The most relevant business & tech news

☆ Chinese official slams EU probe into EV subsidies as 'selective'
▼ + stars: | 2024-06-18 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

"The Commission considers that the sample was selected in accordance with the WTO rules and the corresponding EU legislation in this regard," he said. "The Volkswagen Group confidently accepts the growing international competition, including from China, and sees this as an opportunity. The NDRC's Jin added that the EU anti-subsidy probe does not appear to be based off an industry or business complaint. "Consequently, the Commission has reached out to Chinese authorities to discuss these findings and explore possible ways to resolve the issues identified in a WTO-compatible manner," the EU statement said. The Biden administration in May announced it would raise tariffs on imports of Chinese electric cars from 25% to 100%.

Persons: Olof Gill, Gill, BEV, Oliver Zipse, Elon, Jin, EU's Gill, BEV producers, Biden Organizations: CNBC, WTO, Major, Volkswagen Group, EU, Volkswagen, U.K, BMW Group, BMW, SAIC, EV, EVs Locations: Union, China, Germany, Europe, Western Europe, Shanghai, EU, WTO

☆ Paperwork is not going to solve the energy crisis, says Dutch minister Rob Jetten
▼ + stars: | 2024-04-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPaperwork is not going to solve the energy crisis, says Dutch minister Rob JettenRob Jetten, deputy prime minister and minister of climate and energy of the Netherlands, dicusses the importance of pushing the energy transition to the top of the European Commission's agenda.

Persons: Rob Jetten Rob Jetten Locations: Netherlands

☆ Part scary, part exciting: How artists are using AI in their work
▼ + stars: | 2024-04-01 | by ( Lucy Handley | ) www.cnbc.com time to read: +7 min

But they also said they were excited about what generative AI might bring. Installation artist Rubem Robierb was "shocked" when he first saw what generative AI could do, he told CNBC by phone. "In its infancy, [generative] AI can create more images in a second [than] the human brain can even process. As it exists right now, [generative] AI sources from known images, known artwork, and known artists to complete a task. Generative artUsing generative AI in an ethical manner is a key consideration for London gallery the Serpentine, which has developed AI projects with artists since 2014, according to its CEO Bettina Korek.

Persons: Refik, Hugo Glendinning, OpenAI's DALL, Rubem Robierb, Robierb, Dandara dos Santos, Rubem, Bettina Korek, Refik Anadol, Korek, Anadol, Julian Espagnon, Danilo S, Shane Guffogg, Carlucci, Holly Herndon, Mat Dryhurst, Jordan Meyer, Guffogg, I'm Organizations: CNBC, Celebrity Cruises for Edge, Smithsonian Institution, Economic, United Arab, & Systems, gallery's Arts Technologies Locations: London, New York City, Fortaleza, Brazil, New York, Miami, Europe, Serpentine, Davos, Switzerland, United Arab Emirates, Herndon, Venice, Italy, California

☆ Apple will allow iPhone app downloads from websites in Europe
▼ + stars: | 2024-03-12 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

IPhone users in the European Union will be able to download apps from websites, instead of through the App Store or a competing app store app, Apple said, in the the latest change forced by the European Commission's Digital Markets Act. Tuesday's announcement is the latest example of the Digital Markets Act forcing Apple to make long-resisted changes to its App Store business processes. Under the DMA, Apple has been forced to allow third-party app stores in Europe, has reinstated antitrust adversary Epic Games' developer account amid a legal dispute, and has backtracked on banning web app shortcuts on the main iPhone screen. Apple still plans to charge a fee of fifty Euro cents for app downloads outside of its App Store, including web app downloads. The company has said Europe represents about 7% of Apple's App Store revenue.

Persons: Tim Cook, Apple, Margrethe Vestager, Vestager Organizations: Apple Inc, Apple Worldwide Developers, European Union, Commission's, Apple, Digital, Epic Games, Commission, European Commission, Spotify, EU, CNBC Locations: San Jose , California, U.S, European, Europe, iPhones

☆ Why Apple's $2 billion fine is a $80 billion problem
▼ + stars: | 2024-03-04 | by ( Peter Kafka | ) www.businessinsider.com time to read: +3 min

Apple's stock fell Monday morning after EU regulators slapped the company with a $2 billion fine. The fine is part of the EU's push to get Apple to open up its App Store. Investors are trying to figure out how much opening the App Store will hurt the company long term. Which means, at the moment, that Apple's $2 billion fine has cost it some $80 billion in market cap. But as recently as a month ago, the conventional wisdom was that Apple's fine was going to be something in the $500 million range.

Persons: —, that's, they've, there's Organizations: Apple, Service Locations: Europe

☆ A big fine in Europe adds to Apple's 2024 woes. What it will take to get back on track
▼ + stars: | 2024-03-04 | by ( Morgan Chittum | ) www.cnbc.com time to read: +7 min

Apple shares tumbled on Monday after European regulators hit the tech giant with a big antitrust fine over music streaming. The European Commission dished out a $1.95 billion fine — claiming Apple violated competition laws in the music streaming market. Apple and Spotify have rival audio streaming services. "New AI services should compel users to upgrade iPhones, driving a Supercycle in 2025," the analysts said in a note to clients Monday. Melius also sees upside to Apple Services due to AI-infused software features.

Persons: —, Jim Cramer, Jim, Tim Cook, Apple, we're, Melius, Jim Cramer's, Scott Eells Organizations: Apple, European, European Union, Spotify, European Commission, Big Tech, Microsoft, Nvidia, Nvidia's, Huawei, India . Club, Apple Music, Research, Apple Services, CNBC, Nasdaq, Bloomberg, Getty Locations: Europe, American, China, India, New York

☆ Google hit with $2.3 billion lawsuit by Axel Springer, other media groups
▼ + stars: | 2024-02-28 | by ( ) www.cnbc.com time to read: +2 min

The Google corporate logo hangs outside the Google Germany offices on August 31, 2021 in Berlin, Germany. Alphabet 's Google was hit with a 2.1-billion-euro ($2.3 billion) lawsuit by 32 media groups including Axel Springer and Schibsted on Wednesday, alleging that they had suffered losses due to the company's practices in digital advertising. "Without Google's abuse of its dominant position, the media companies would have received significantly higher revenues from advertising and paid lower fees for ad tech services. Crucially, these funds could have been reinvested into strengthening the European media landscape," the lawyers said. Others in the group include Austria's Krone, Belgian groups DPG Media and Mediahuis, Denmark's TV2 Danmark A/S, Finland's Sanoma, Poland's Agora, Spain's Prensa Iberica and Switzerland's Ringier.

Persons: Axel Springer, Schibsted, Stek, Big, Austria's, Finland's Organizations: Google, Geradin Partners, Publishers, DPG Media, Denmark's TV2, Spain's Prensa Locations: Berlin, Germany, Austria, Belgium, Bulgaria, Czech Republic, Denmark, Finland, Hungary, Luxembourg, Netherlands, Norway, Poland, Spain, Sweden, Europe, Austria's Krone

☆ Battle for the Red Sea expands with U.S. strikes, EU stepping up its efforts against Houthis
▼ + stars: | 2024-02-25 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +9 min

Defense officials tell CNBC as of February 21, there have been at least 59 attacks on commercial shipping interests in the Red Sea. But the EU said the Red Sea moves reflect the need for a stronger European presence in protecting ships from Houthi attacks. Trade leaders have urged more countries to join the military effort in the Red Sea. A war of misinformation in the Red Sea crisis also continues. On February 2 in Brussels, Borrell informed Yemeni Prime Minister Bin Mubarak about the plans to launch a new EU maritime operation in the Red Sea and about its mandate.

Persons: Mason, Torm Thor, Good Hope, Peter Stano, Josep Borrell, Mark Montgomery, Sen, John McCain, Steven Lamar, Hussein, Azzi, Stano, Houthis, Borrell, Bin Mubarak, Rashad Al, Carl Bentzel, Bentzel, Tesla Organizations: European Commission, United States Central Command, Command, U.S, CNBC, European Union's Naval Force, EU, French Navy, Prosperity, Prosperity Guardian, EU Commission, Navy, Foundation, Defense of Democracies, Senate Armed, NATO, U.S . Central Command, UK, Prosperity Guardian . Trade, American Apparel and Footwear Association, Central Command, Yemeni, Presidential, Council, UN, Federal Maritime, Foreign Shipping, State Department, FMC, Walmart Locations: Aden, Iranian, Yemen, Red, Libyan Coast, Good, Somalia, European, EU, U.S, Australia, Bahrain, Canada, Denmark, Netherlands, New Zealand, Houthi, Europe, Suez, Belize, Brussels, Yemeni, United States, Egypt, Germany, Israel

☆ Euro zone economy narrowly skirts recession, stagnates in fourth quarter
▼ + stars: | 2024-01-30 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

The euro zone economy stabilized in the fourth quarter of 2023, flash figures published by the European Union's statistics agency showed on Tuesday. The euro zone's seasonally-adjusted GDP was flat compared with the previous quarter and expanded by 0.1% versus the previous year. The French economy was steady in the fourth quarter, while Spain outperformed forecasts to expand by 0.6%. The U.S. economy smashed expectations for the end of the year, expanding by 3.3% in the fourth quarter. The latest euro zone inflation flash figures are due Thursday.

Persons: industrials, Bert Colijn Organizations: ING, U.S, European Central Bank Locations: Frankfurt, Germany, Spain, U.S

People attend the 54th annual meeting of the World Economic Forum, in Davos, Switzerland, January 18, 2024. Javier MileiArgentina's President Javier Milei delivers a speech at the World Economic Forum (WEF) meeting in Davos on January 17, 2024. Sam AltmanSam Altman, CEO of OpenAI, attends the 54th annual meeting of the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024. He said AGI could be developed in the "reasonably close-ish future," speaking at a private gathering at the Bloomberg House in Davos, Switzerland. AI took a huge leap forward in the last year or two years," Benioff said on a World Economic Forum panel Thursday.

Persons: Denis Balibouse, Donald Trump, Ursula von der, Ursula von der Leyen, Jamie Dimon Jamie Dimon, JPMorgan, Adam Galici, Jamie Dimon, Dimon, Larry Fink's, bitcoin, Volodymyr Zelenskyy, CNBC's Andrew Ross Sorkin, Vladimir Putin, Zelenskyy, Putin, Javier Milei, Fabrice COFFRINI, FABRICE COFFRINI, Fabrice Coffrini, Milei, Adena Friedman Adena Friedman, Adena Friedman, Friedman, Sam Altman Sam Altman, Sam Altman, Altman, Antony Blinken Antony Blinken, CNBC Putin, Antony Blinken, Blinken, Trump's, it's, Christine Lagarde, Emmanuel Macron, Macron, Dmytro Kuleba, Arnd Wiegmann, Trump, Vladimir, Ukraine's, Kuleba, Michelle Yeoh Michelle Yeoh, Mike Coppola, Michelle Yeoh, CNBC's Tania Bryer, Yeoh, Pedro Sanchez Spanish, Pedro Sanchez, Isabel Infantes, Sanchez, Li Qiang Li Qiang, Li Qiang, Li, Isaac Herzog, Kfir Bibas, Herzog, Kfir, Hossein Amir, Abdollahian, Atta Kenare, Joe, Biden, Netanyahu, Amir, Sergio Ermotti, MICHAEL BUHOLZER, Ermotti, Marc Benioff Marc Benioff, Salesforce, CNBC's Sara Eisen, Marc Benioff, Benioff, Ray Dalio Ray Dalio, Bridgewater, Ray Dalio, Dalio, Mark Carney Mark Carney, DANIEL LEAL Organizations: Economic, Reuters, European, JPMorgan Chase, CNBC, BlackRock, Getty, Afp, NASDAQ, CNBC Nasdaq, Reuters OpenAI, Bloomberg, State, European Central Bank, Central Bank, Reuters Ukraine's, United Nations Development, Spanish, Getty Images, Hamas, Palestinian, Hezbollah, Turkish, AFP, Iranian, Sergio Ermotti UBS, Getty Images UBS, Credit Suisse, Bridgewater Associates, U.S, Bank of England, UN, OLIVAS Locations: Davos, Switzerland, Ukraine, Gaza, Russia, China, Moscow, WEF, AFP, OpenAI, U.S, Russian, Iran, Europe, United States, Hollywood , California, Madrid, Spain, Beijing, Washington, Lebanese, Tehran, Israel, Hiroshima

☆ EU Commission's Jourová on AI's potential to disrupt elections
▼ + stars: | 2024-01-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEU Commission's Jourová on AI's potential to disrupt electionsVěra Jourová, the European Commission's VP for Values and Transparency, discusses AI and its potential ramifications on forthcoming elections. The potential for voter manipulation, disinformation, foreign interference and cybersecurity are all concerns, Jourová told CNBC.

Persons: Věra Jourová, Jourová Organizations: EU, European, CNBC

Russia has increasingly had to turn to a so-called "ghost fleet" of aging tankers to ship oil and avoid the cap. Panama, the Republic of the Marshall Islands, and Liberia have allowed some of those ships to carry their flags, according to Lloyd's List Intelligence and oil analysts. Lloyd's List Intelligence has said nearly 40% of the about 535 dark-fleet tankers have registered ownership via companies incorporated in the Marshall Islands. It also seeks to give leverage to countries buying oil outside the price-cap coalition to get discounted oil from Russia. The group is asking Liberia and the Marshall Islands to increase awareness among those in the trade that its flag should not be used for tankers transporting oil priced above the cap.

Persons: Dado Ruvic, Lindsey Whyte, John Berrigan, Brian Nelson, Timothy Gardner, Simon Webb, Rosalba O'Brien Organizations: REUTERS, Rights, Marshall, Intelligence, Britain's Treasury, U.S . Treasury, Reuters, EU, Thomson Locations: WASHINGTON, U.S, Liberia, Marshall Islands, Panama, Moscow, Ukraine, Russia, China, India, Republic, Marshall, Washington, British

☆ Hungary's Orban says EU should first sign strategic partnership accord with Ukraine
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +2 min

BUDAPEST, Dec 1 (Reuters) - The European Union should first sign a strategic partnership agreement with Ukraine instead of starting membership talks with the country, Hungary's Viktor Orban said on Friday, flagging a way to a possible compromise ahead of a crucial EU summit. Orban reiterated on Friday that several issues would need to be cleared before membership talks could start with Ukraine, saying the country, making it impossible to assess what consequences Ukraine's membership would have on the bloc. So I will represent the view that the EU should first sign a strategic partnership agreement with Ukraine," Orban said in an interview on state radio. "Let's give time for us to work together, and when we see that we can work together, then let's bring up the issue of membership." The Hungarian premier urged a ceasefire in Ukraine, and said if the EU wanted to give more money to Ukraine then it should set up a separate financial fund outside the EU budget based on an intergovernmental agreement.

Persons: Hungary's Viktor Orban, Orban, " Orban, let's, Krisztina, Sharon Singleton, Gerry Doyle Organizations: European Union, EU, Thomson Locations: BUDAPEST, Ukraine, Hungary, Hungarian, Brussels, Budapest, EU

☆ Bill Gates warns the world is likely to smash through a critical warming threshold
▼ + stars: | 2023-12-01 | by ( Sam Meredith | ) www.cnbc.com time to read: +2 min

Bill Gates arrives for a press conference to launch the Global Polio Eradication Initiative at the European Commission's Berlaymont headquarters in Brussels on October 11, 2023. Dubai, UNITED ARAB EMIRATES — Billionaire philanthropist Bill Gates on Friday said the world is likely to overshoot a critical temperature threshold that scientists have long warned could bring dangerous and potentially irreversible impacts on people, wildlife and ecosystems. However, the Microsoft co-founder said any headway in the climate fight would likely not be enough to prevent 2 degrees Celsius of global warming. His comments come as policymakers and business leaders convene in Dubai for the United Nations' biggest and most important annual climate summit. "There is not some binary cut-off where at a certain temperature everything is horrible," Gates said on Friday.

Persons: Bill Gates, CNBC's Tania Bryer, Gates, we've, we'll Organizations: UNITED, EMIRATES — Billionaire, United, United Arab Emirates, Microsoft, United Nations Locations: Brussels, Dubai, United Arab

☆ EU Executive's Jourova Says No Talks About Ukraine Without Ukraine
▼ + stars: | 2023-11-28 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +1 min

BRUSSELS (Reuters) - A deputy head of the European Union executive said on Tuesday she would find "unacceptable" any talks about the war in Ukraine that would not include Kyiv or envisage the country giving up territory. The European Commission's vice-president Vera Jourova also said she would be "disappointed" if a Dec.14-15 summit of EU leaders refused to endorse proposals for more financial aid to Kyiv and a recommendation to launch accession talks with Ukraine. The Czech EU Commissioner who worked on her own country's EU entry nearly 20 years ago offered Kyiv a sympathetic ear recalling how difficult it was to meet European accession requirements. She said that, under President Volodymyr Zelenskiy, Ukraine was finally ready to overcome endemic corruption. She said that unanimous backing of all the 27 EU countries would be needed to enact it.

Persons: Vera Jourova, Volodymyr Zelenskiy, Viktor Orban, Gabriela Baczynska Organizations: European Union, Ukraine, Czech EU, EU, Kyiv Locations: BRUSSELS, Ukraine, Kyiv, Czech, Hungary

[1/2] The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. U.S. crude stocks rose by 3.6 million barrels last week to 421.9 million barrels, according to the U.S. Energy Information Administration (EIA), far exceeding analysts' expectations in a Reuters poll for a 1.8 million-barrel rise. Diesel inventories fell more than expected at 1.4 million barrels. The International Energy Agency on Tuesday joined OPEC in raising oil demand growth forecasts for this year, despite projections of slower economic growth in many major countries. European Union diplomats said Russian oil tankers are not targeted in the European Commission's proposal for tightening implementation of a price cap on the country's crude oil.

Persons: Angus Mordant, Brent, John Kilduff, Arathy Somasekhar, Paul Carsten, Sudarshan Varadhan, Laura Sanicola, Marguerita Choy, David Gregorio Our Organizations: REUTERS, HOUSTON, . West Texas, U.S . Energy Information Administration, Organization of, Petroleum, International Energy Agency, Tuesday, Financial Times, Thomson Locations: Loving County , Texas, U.S, contango, Asia, New York, Saudi Arabia, Russia, OPEC, Denmark, Houston, London

Adobe logo is seen on smartphone in this illustration taken June 13, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsCompanies Adobe Inc FollowBRUSSELS, Nov 15 (Reuters) - Photoshop maker Adobe (ADBE.O) expects to get an EU antitrust warning on its $20 billion bid for cloud-based designer platform Figma and is open to proposing remedies to resolve regulatory concerns, its chief counsel told Reuters on Wednesday. The Adobe deal comes amid heightened regulatory scrutiny around the world on Big Tech acquisitions which boost dominant companies' market power or those involving start-ups seen as nascent rivals. "We are expecting a statement of objections from the European Commission," Dana Rao said in an interview, confirming a Reuters story on Tuesday. "We are certainly open to the discussion of remedies.

Persons: Dado Ruvic, Dana Rao, Rao, Foo Yun Chee, Kirsten Donovan Organizations: REUTERS, Inc, Adobe, Big Tech, European Commission, Thomson Locations: EU

☆ Erdogan criticises top Turkey court, stoking 'judicial crisis'
▼ + stars: | 2023-11-10 | by ( Ece Toksabay | ) www.reuters.com time to read: +4 min

Murat... Acquire Licensing Rights Read moreANKARA, Nov 10 (Reuters) - Turkish President Tayyip Erdogan waded into a brewing judicial crisis on Friday, criticising the Constitutional Court for "many mistakes" and backing an unprecedented challenge to it by an appeals court, as opponents marched in Ankara. In a twist - which critics said highlighted the diminished state of Turkey's legal system - the top appeals court said the Constituional Court's ruling was unconstitutional. "The Constitutional Court cannot and should not underestimate the step taken by the Court of Cassation on this matter," he said. They were headed to the appeals court and video showed they were briefly delayed by police. "The Court of Cassation's backlash (...) is an open and combative attack against the Constitutional Court," said Bertil Oder, professor of constitutional law at Koc University.

Persons: Tayyip Erdogan, Ozgur Ozel, Mustafa Kemal Ataturk, Murat, Tayyip Erdogan waded, Erdogan, Osman, Bertil Oder, intimidates, Ezgi Erkoyun, Jonathan Spicer, Emelia Sithole Organizations: Republican People's Party, Cassation, Constitutional, AK Party, Union, Koc University, Thomson Locations: Ankara, Turkey, ANKARA, Uzbekistan

☆ Illumina cuts annual profit forecast for second straight quarter
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +2 min

A sign at the front entrance to the global headquarters of Illumina is pictured in San Diego, California, U.S., November 28, 2022. REUTERS/Mike Blake/File Photo Acquire Licensing RightsCompanies Grail Inc FollowIllumina Inc FollowNov 9 (Reuters) - U.S. genetic testing Illumina (ILMN.O) on Thursday trimmed its annual profit forecast for the second straight quarter, hurt by weakness in demand for its sequencing instruments, consumables and services. Illumina also disclosed it recognized $712 million in goodwill and $109 million in intangible asset impairment related to the Grail segment, in the quarter. Illumina sees full-year adjusted profit per share to be between $0.60 and $0.70, versus its prior forecast range of $0.75 to $0.90. On an adjusted basis, the company earned 33 cents per share during the quarter, versus analysts' estimate of 12 cents per share.

Persons: Mike Blake, Illumina, Pratik Jain, Shilpi Majumdar Organizations: REUTERS, Thomson Locations: San Diego , California, U.S, China, Bengaluru

☆ Turkey says EU is 'unjust and biased' on membership bid
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +1 min

European Union (R) and Turkish flags fly at the business and financial district of Levent in Istanbul, Turkey September 4, 2017. REUTERS/Osman Orsal/File Photo Acquire Licensing RightsANKARA, Nov 9 (Reuters) - The European Commission's annual report on Turkey's long-stalled EU membership bid is "unjust and biased", the Turkish foreign ministry said. "We categorically reject unfounded claims and unjust criticisms, particularly on the political criteria and the Chapter on Judiciary and Fundamental Rights," the Turkish foreign ministry said in a statement. The Turkish ministry said the allegations were unfair and highlighted "the insincerity of EU's approach and a clear double-standard", adding that fundamental rights issues were contentious even among EU member states. Turkey's bid to join the EU has been frozen for years after having launched membership talks in 2005.

Persons: Osman Orsal, Turkey's, Huseyin Hayatsever, Robert Birsel Organizations: REUTERS, Rights, European, Fundamental, Turkish, EU, Thomson Locations: Levent, Istanbul, Turkey, Rights ANKARA, Turkish, Israel, Gaza

The top appeals court, or Yargitay, took the unprecedented step of making a criminal complaint against Constitutional Court judges on Wednesday, arguing that their ruling last month in favour of releasing Atalay was unconstitutional. "The Court of Cassation (Yargitay) has committed a crime by not recognising the Constitutional Court decision. He called for compliance with the Constitutional Court ruling and said the Yargitay appeals court judges should be put under investigation. The Istanbul Bar Association said on Thursday it had filed a criminal complaint against the Yargitay judges involved in the case on the grounds of misconduct and "depriving a person of liberty". Rule of law, predictability and trust are fundamental for investors and Turkey’s record in this front was and still is miserable."

Persons: Erkan, Sera Kadigil, Ahmet Sik, Umit, Osman, Tayyip Erdogan, Ozgur Urfa, Erdogan, Mehmet Ucum, Mehmet Simsek, Central Bank Governor Hafize Gaye Erkan, Wolfango Piccoli, Daren Butler, Alex Richardson Organizations: Workers ' Party of Turkey, Turkish, REUTERS, Rights, Constitutional, Cassation, Twitter, Istanbul Bar Association, Central Bank Governor, Ece, Thomson Locations: Ankara, Turkey, Rights ANKARA, Istanbul

☆ X and TikTok are both under fire from the EU over hate speech and Israel-Hamas disinformation
▼ + stars: | 2023-11-08 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

TikTok's CEO and an X executive met with the European Commission's Věra Jourová on Tuesday. She said they both need to "step up" their efforts to counter hate speech. AdvertisementAdvertisementTikTok and X, formerly Twitter, need to "step up" their efforts countering hate speech, a European Commission vice president said. In posts on X, Jourová said the meetings were constructive but pointed out several areas of improvement, adding that X needs to do more to comply with the Digital Services Act. AdvertisementAdvertisementAs well as illegal hate speech, Jourová raised concerns about the platforms hosting pro-Hamas content in the wake of its attacks on Israel in October.

Persons: Jourová, —, Věra Jourová, Shou Zi Chew, Nick Pickles, X's, X, Elon Musk, TikTok Organizations: Service, European Commission, Digital Services, EU, Hamas, Elon Locations: Israel, Gaza, EU, Brussels

The Consequences of Elon Musk’s Ownership of XNow rebranded as X, the site has experienced a surge in racist, antisemitic and other hateful speech. Research conducted in part by the Institute for Strategic Dialogue concluded that anti-Semitic tweets in English more than doubled after Mr. Musk’s takeover. Keeping X at the center of public debate is exactly Mr. Musk’s goal, which he describes at times with a messianic zeal. Even worse, the article argued, Mr. Musk’s changes appear to be boosting the engagements of the most contentious users. A month into Mr. Musk’s ownership, the platform stopped enforcing its policy against Covid-19 misinformation.

Persons: Elon Musk, ”, “, Musk’s, —, Musk, Tim Chambers, ” Mr, Chambers, Tesla, lockdowns, Thierry Breton, Mr Organizations: Elon, Twitter, “ Twitter, Hamas, Dewey, Group, Defamation, Research, Institute for Strategic, Commission, Kremlin, Pentagon, Tufts, Rutgers, Montclair, 4chan, Harvard Kennedy School, Covid, Media, Mr, Commission's Digital Services, Services, Defamation League, European Union Locations: Musk’s, Russia, China, Israel, Ukraine, Iran, guardrails

[1/4] A view of the turbines at an offshore wind farm near Nysted, Denmark, September 4, 2023. Time is short: The EU has a legally binding goal to nearly double renewable sources as a share of total energy by 2030, to 42.5%, requiring a rapid expansion of offshore wind. But of the governments surveyed, only Britain and Poland said they had invested or budgeted for steps to improve the security of offshore infrastructure. It requires a lot of effort from the government side," said Mattia Cecchinato, senior adviser for offshore wind at WindEurope. It said it would establish a permanent coast guard base close to where offshore wind farms are planned.

Persons: Tom Little, Thomas Almegaard, Vladimir Putin, Mads Nipper, Orsted, Ewa Skoog Haslum, James Appathurai, Germany's RWE, Anitta, Mattia Cecchinato, Rasmus, Krzysztof Jaworski, Orsted's Errboe, Benjamin Mallet, Riham, Elizabeth Piper, Toby Sterling, Andrius Sytas, Marek Strzelecki, Sara Ledwith Organizations: REUTERS, Reuters, Baltic Seas, EU, NATO, NewNew, Sweden's, Soaring, Emerging, Research, Solutions, Internal, Fund, Military, Naval Operations Centre, Polish Navy, Thomson Locations: Nysted, Denmark, Europe, Baltic, Nord, Finland, Sweden, Estonia, Russian, Russia, NewNew Shipping, Netherlands, Britain, Poland, Germany, North, Swedish, Copenhagen, Moscow, Sofia, European, Anitta Hipper, Belgium, Norway, France, Lithuania, Latvia, Baltic . Poland, Paris, Berlin, London, Amsterdam, Vilnius, Warsaw

☆ China's Great Wall Motor is first EV maker to respond to EU anti-subsidy probe
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: +2 min

Haval cars produced by Chinese automaker Great Wall Motors are on display for sale at a dealership in Artyom near Vladivostok, Russia, March 22, 2023. REUTERS/Tatiana Meel/File Photo Acquire Licensing RightsSHANGHAI, Oct 24 (Reuters) - China's Great Wall Motor said it had formally submitted responses to the European Commission's anti-subsidy investigation of Chinese-made electric vehicles (EVs), while calling for a fair and open trade environment. Great Wall, which provided its answers to the European Commission on Oct. 11, was the first automaker to have done so, he added. Great Wall Motor plans to build a plant in Europe and Germany was one of the candidates for the site, the German publication Automobilwoche said in May. Great Wall Motor ranked eighth in terms of sales of pure electric and plug-in hybrid cars in China during the first nine months of the year, industry figures show.

Persons: Tatiana Meel, Mu Feng, Mu, Automobilwoche, Ursula von der Leyen, EVs, Zhang Yan, Brenda Goh, Clarence Fernandez Organizations: automaker Great Wall, REUTERS, Rights, Weibo, European Commission, Great, European, EV, BMW, Renault, World Trade Organization, HK, Wall Motor, Thomson Locations: Artyom, Vladivostok, Russia, China, EU, Moscow, Ukraine, Europe, Germany, Brussels, China . China

Search resuls for: "European Commission's"

25 mentions found