Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Eu"


25 mentions found


Apple hit with landmark $2 billion EU antitrust fine
  + stars: | 2024-03-04 | by ( Anna Cooban | ) edition.cnn.com   time to read: +2 min
London CNN —The European Union has fined Apple €1.84 billion ($2 billion) for breaking its competition laws. The bloc announced Monday that it would impose the fine — its first-ever antitrust penalty on the US tech giant — for preventing rival music streaming services such as Spotify from telling iPhone users that they could find cheaper ways to subscribe outside of Apple’s app store. The European Commission opened a formal antitrust investigation into Apple in 2020 after Spotify (SPOT) lodged a complaint against Apple the previous year, accusing it of unfairly disadvantaging its competitors. It said Apple required the Swedish music streamer and other content providers to pay a 30% fee on purchases made through Apple’s in-app payment system, while its own service, Apple Music, didn’t have to pay the fee. Spotify also said Apple prevented it from sharing information about subscription deals with customers who use iPhones.
Persons: Margrethe Vestager, ” Vestager Organizations: London CNN, European Union, Apple, Spotify, European Commission, Apple Music, Digital Markets, Big Tech Locations: Apple’s
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple hit with a European Union antitrust fine of nearly $2 billionCNBC's Steve Kovach joins 'The Exchange' to report on what the EU's $2 billion fine against Apple means for tech regulation, reactions from 3rd party developers, and more.
Persons: Steve Kovach Organizations: European
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
EU regulators fining Apple €1.8 billion over Apple Music
  + stars: | 2024-03-04 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEU regulators fining Apple €1.8 billion over Apple MusicCNBC's Steve Kovach joins 'Squawk Box' to report on the latest news from Apple.
Persons: Steve Kovach Organizations: Apple, Apple Music
In this article AAPL Follow your favorite stocks CREATE FREE ACCOUNTwatch nowThe European Commission, the European Union's executive arm, on Monday hit Apple with a 1.8 billion euro ($1.95 billion) antitrust fine for abusing its dominant position on the market for the distribution of music streaming apps. Apple also banned developers of music streaming apps from providing any instructions about how users could subscribe to these cheaper offers, the Commission alleged. Apple responseIn a fiery response to the fine, Apple said Spotify would stand to gain the most from the EU pronouncement. That's because instead of selling subscriptions in their iOS app, Spotify sell them via their own website stead. Apple fine just a 'parking ticket'The Commission said that Apple prevented developers of music streaming apps from informing their iOS users within their apps about prices of subscriptions or offers available elsewhere.
Persons: Apple, , Margrethe Vestager, Vestager Organizations: European Commission, Apple, Commission, EU, U.S, Spotify, Apple Music Locations: Brussels, Stockholm, Sweden, Cupertino
Cory Doctorow has a theory for why tech platforms are getting worse. After locking users in, Doctorow believes tech platforms deliberately worsen the user experience. AdvertisementCory Doctorow has a theory for why tech platforms seem to have been sapped of all their joy: he calls it the great "enshittification." The 52-year-old Canadian-British author coined the term as a means of describing the growing sense that platforms operated by Big Tech companies are decaying beyond recognition. AdvertisementApple App Store.
Persons: Cory Doctorow, Doctorow, , beholden, Uber, Apple, Zuckerberg's, Zuckerberg, there's Organizations: Service, Big Tech, Facebook, Twitter, Netflix, NurPhoto, Getty, Companies, Apple, EU's, European Commission, Meta, Cambridge, Capitol Locations: British
London CNN —Finance officials from the world’s biggest economies began talks this week on introducing a global minimum tax on billionaires. According to the EU Tax Observatory, the super-rich in big countries pay a far smaller share of their income in taxes than ordinary people. The world’s current patchwork of tax regimes fails “to properly tax the individuals with the highest ability to pay taxes,” he added. The negotiations on a minimum tax on corporations took years,” Quentin Parrinello, senior policy advisor at the EU Tax Observatory, told CNN. Practical headachesA global minimum tax on billionaires would be more complicated to implement than the one introduced for corporations, says Arun Advani, an economics professor at the University of Warwick.
Persons: ” Gabriel Zucman, ” Quentin Parrinello, ” Parrinello, Arun Advani, “ It’s, ” Advani, , , Advani, Organizations: London CNN — Finance, EU, Observatory, Oxfam, EU Tax Observatory, Independent, Climate Finance, European Union, CNN, University of Warwick Locations: São Paulo, Brazil, France, Italy, United States, China, India, Saudi Arabia, Argentina, London, New York
BARCELONA — A top executive at Salesforce says she is "optimistic" that U.S. Congress will make new laws to regulate artificial intelligence soon. She noted that the need to consider guardrails has become a "bipartisan" issue for U.S. lawmakers and highlighted efforts among individual states to devise their own AI laws. "It's very important to ensure U.S. lawmakers can agree on AI laws and work to pass them soon," Goldman told CNBC. And I think it's very important that we have a set of guardrails around the technology," Goldman added. Goldman sits on the U.S. National AI Advisory Committee, which advises the Biden administration on topics related to AI.
Persons: Paula Goldman, guardrails, Goldman, We've, we're, that's, Biden Organizations: U.S . Congress, BARCELONA, CNBC, Mobile, Congress, Senate, U.S, National AI Advisory Locations: Barcelona, Spain, United States, EU
While the Commerce Ministry meeting did not reveal much new progress on the 24 measures to support foreign business that were announced last summer, attendees said they were able to share specific challenges about doing business in China. The ministry said representatives from more than 60 foreign businesses and 9 associations attended Wednesday's roundtable. Foreign direct investment into China has fallen to its lowest level in three years, according to official data, amid geopolitical tensions and slowing growth in the country. Hart said that it's hard for companies not yet in China to complete due diligence and approve new investments. Biden, who faces re-election this fall, has emphasized the need to compete with China while finding areas of cooperation.
Persons: Aly Song, MofCom, Jens Eskelund, Eskelund, Michael Hart, Hart, Joe Biden, Xi Jinping, Biden Organizations: Chinese Communist Party, Reuters, Reuters BEIJING — China's Ministry of Commerce, Commerce Ministry, EU Chamber of Commerce, Cyberspace Administration of, China's Ministry of Commerce, American Chamber of Commerce, U.S, U.S . Transportation Department Locations: China, U.S, Yiwu, Zhejiang province, Reuters BEIJING, Beijing, Cyberspace Administration of China, San Francisco
A German warship accidentally tried to shoot down a US military combat drone this week. The frigate Hessen targeted the MQ-9 Reaper as it was on a mission around the Red Sea, a US official said. AdvertisementA German warship accidentally targeted an American combat drone that was operating around the Red Sea earlier this week, but a malfunction spared the US from losing another Reaper drone. A missile launches from a US Navy destroyer in the Red Sea earlier this month. Screengrab/US Central Command via XMeanwhile, with this week's engagements — which saw Germany shoot down the two Houthi drones — Berlin joins the US, UK, and France in eliminating deadly threats launched by the rebels.
Persons: , Boris Pistorius, Sina Schuldt, Aspides, Dwight D Organizations: Service, Berlin's, Airmen, Squadron, Nevada, Air, Bomb, US Air Force, Victoria, US Central Command, Hessen, Getty, Hellfire, Prosperity Guardian, EU, US Navy, Central Command, Eisenhower Carrier Strike Locations: Hessen, American, Sachsen, Germany, Red, Yemen, Russia, France
London CNN —European consumer rights groups have accused Meta, the owner of Facebook and Instagram, of carrying out a “massive” and “illegal” operation of collecting data from hundreds of millions of users in the region. The European Consumer Organisation (BEUC), an umbrella body for 45 consumer groups, said eight of the groups were filing complaints with their respective national data protection authorities Thursday. The company’s practices, the groups argue, breach parts of the European Union’s signature data privacy law, the General Data Protection Regulation or GDPR. Several days later, Meta launched a subscription service allowing its European users to pay up to €12.99 ($14) a month to use ad-free versions of Facebook and Instagram. The organization filed a complaint with European consumer protection authorities in November, arguing that this “pay-or-consent” approach was an example of an unfair and “aggressive” commercial practice prohibited under EU law.
Persons: Meta, , Ursula Pachl, Brian Fung Organizations: London CNN, Facebook, European Consumer Organisation, General Data, CNN, Meta Locations: Europe, United States
Russian President Vladimir Putin during a meeting with his confidants for the 2024 election at Gostiny Dvor in Moscow, Russia, on Jan. 31, 2024. Maxim Shemetov | ReutersSpeculation is mounting that Russian President Vladimir Putin will use his annual address to Russian lawmakers Thursday to announce that Russian troops will be sent to "protect" the pro-Russian, breakaway region of Transnistria in Moldova. Officials in the separatist region appealed to Russia on Wednesday for "protection" against Moldova's pro-Western government. "We keep a close eye and reiterate that the Transnistrian region is aligned with the goal of peace and security of Moldova. A map of Moldova, including the breakaway region of Transnistria.
Persons: Vladimir Putin, Maxim Shemetov, , Putin, Moldova's, Daniel Voda, Matthew Miller, Tursa, Russia's, Ivana Stradner, Daniel Mihailescu Organizations: Gostiny Dvor, Reuters, Moldova's, Russia's Foreign, RIA Novosti, Analysts, Federal, U.S . State Department, EU, Getty Russia, United Nations, Defense, Democracies, CNBC, Kremlin, Russian Federation, Institute for, Afp, Getty Locations: Moscow, Russia, Transnistria, Moldova, Soviet Union, Europe, Pridnestrovie, Moldavian Republic, Transnistrian, Ukraine, Donetsk, Luhansk, Russian, South Ossetia, Abkhazia, Georgia, Washington, U.S, Kherson, Mykolaiv, Odesa, Chisinau
The European officials and Canada's Prime Minister are visiting the capital Kyiv on the second anniversary of the start of the Russian full-scale invasion in Ukraine. (Photo by STR/NurPhoto via Getty Images)European leaders should discuss using the profits from frozen Russian assets to boost Ukraine's military in its defence efforts against Moscow, European Commission President Ursula von der Leyen said Wednesday. "It is time to start a conversation about using the windfall profits of frozen Russian assets to jointly purchase military equipment for Ukraine," she said in a speech before the European Parliament. "There could be no stronger symbol and no greater use for that money than to make Ukraine and all of Europe a safer place to live," von der Leyen noted. Crucially, frozen assets are, by definition, temporarily retained rather than fully seized with the ability for reallocation.
Persons: Ursula von der, Belgium Alexander De Croo, Giorgia Meloni, Canada Justin Trudeau, Ukraine Volodymyr Zelensky, Ursula von der Leyen, von der Leyen, Von der, Janet Yellen, Russia's Organizations: Canada's, Getty Images, European Union, Treasury, . Security, Bank Locations: Belgium, Italian, Canada, Ukraine, Kyiv, Russian, Moscow, Europe, Kuwait
It is doing so in part because the plans and intentions of Ukraine’s Western allies are so vague. Just as the Kremlin is doing, Ukraine’s Western allies are signaling their resolve to “defeat” Russia without actually articulating what that defeat means. The military support Ukraine’s allies are willing and capable of offering stops precisely where Ukraine’s most pressing shortages lie: manpower. But Ukraine’s Western allies are failing to reckon with these realities and, amid growing reluctance by right-wing parties in the US and Europe to shoulder the costs, are resorting instead to triumphalist rhetoric. Western allies need to start recognizing their limited resources, or at least the limits to what they can or will offer Ukraine.
Persons: Anna Arutunyan, Mark Galeotti, Prigozhin, Putin, Read, Volodymyr Zelensky, Vladimir Putin’s, ” Putin, Anatolii Stepanov, Dmitry Peskov, Ukraine’s, , Emmanuel Macron’s, Zelensky, Valerii Zaluzhnyi, Donald Trump Organizations: CNN, Ukraine, Kremlin, Getty, EU, Munich Security Conference, Estonian Ministry of Defense, Law Locations: Ukraine, Russia, Switzerland, , Moscow, Kyiv, Ukrainian, AFP, Ukraine’s Luhansk, Donetsk, Zaporizhia, Kherson, Crimea, NATO, Luhansk, Europe
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
No country officially recognizes Transnistria, where Russia has kept a steadily dwindling military presence for decades, now standing at around 1,500 troops. Before Wednesday, the congress’ most recent meeting was in 2006, when it passed a referendum calling to join Russia. When Transnistrian politicians unexpectedly announced a new meeting, analysts suggested this could lead to fresh calls for unification with Russia. Russia’s war in Ukraine has had a profound effect on Transnistria’s economy. Minzarari said the dispute had created opportunities for Russian authorities to “fish in troubled waters.”Why is Russia interested in Moldova?
Persons: Vladimir Putin, , Daniel Voda, , Maia Sandu, Dumitru Minzarari, ” Minzarari, Minzarari, Gen, Rustam Minnekaev, Lenin, Anton Polyakov, Putin, Vadim Kranoselsky, ” Ben Dubow Organizations: CNN —, European Union, Kremlin, Novosti, Moldova’s, Transnistria’s, Deputies, Russia, Moldovan, Russia’s, Ministry, CNN, EU, Carnegie Endowment, International, Baltic Defense College, Military Region, Institute for, RIA Novosti, Center for Locations: Moldova, Transnistria, Soviet Union, Ukraine, Moscow, Soviet, Moldovan, Russia, Tiraspol, Odesa, Maj, Kherson, Russian, US, Crimea, Donetsk, Luhansk, Kyiv, Transnistrian
Paris CNN —French President Emmanuel Macron openly discussed the possibility of sending European troops to Ukraine to help Kyiv win the war against Russia, a potential major escalation to the largest ground war Europe has seen since World War II. Macron did, however, announce that a new coalition would be created to supply Ukraine with medium-range and long-range missiles. Macron pointed out that Western democracies have gradually increased their support to levels unthinkable when the war began. Macron warned at the start of the summit that Russia would likely attack beyond Ukraine in the coming years, threatening Europe’s collective security. “This is a European war,” Macron said.
Persons: Emmanuel Macron, Macron, , , Olaf Scholz, ” Scholz, ” Macron, Volodymyr Zelensky, Vladimir Putin, , Dmitry Peskov, ” Peskov, Sergey Lavrov, Donald Trump, It’s, Anna Chernova, Vasco Cotovio Organizations: Paris CNN —, Kyiv, Ukraine, Russia, Republicans, CNN, European Union, Kremlin, EU Locations: Ukraine, Russia, Europe, Hungary, Slovakia, Russian, Ukrainian, Washington, Germany, Kyiv, , Moscow, , United Kingdom, EU
Late last month, computing giant Dell cut part of its marketing team that focused on sustainability and other ESG-related marketing roles, Business Insider has learned. This story is available exclusively to Business Insider subscribers. AdvertisementThis is feeding into a growing trend of "green hushing," where companies stop publicizing their sustainability efforts due to concerns around regulatory scrutiny or a consumer backlash, experts say. Other sustainability agencies have been absorbed into wider offerings, R3 EVP of delivery Sarah Tan told Business Insider. Leo Rayman, head of the sustainability consultancy and venture studio Eden Lab, said that the green hushing phenomenon could suggest a sign of maturity in the space.
Persons: we're, Hein Schumacher, hushing, Pimco, , Harriet Kingaby, Sarah Tan, Kingaby, Bud, Bud Light, influencer Dylan Mulvaney, Guy Parker, — that'll, Parker, Leo Rayman, Rayman, Townsend Organizations: Dell, Business, Unilever, JPMorgan, State, ACT Climate Labs, Media, Advertising Network, Brands, Green Guides, Standards Authority, ASA, BMW, Shell, Etihad Airways, Competition, Markets Authority, Eden, Sustainability
French President Emmanuel Macron waits for guest arrivals for a conference in support of Ukraine with European leaders and government representatives on February 26, 2024 in Paris, France. French President Emmanuel Macron said Monday that the sending of Western troops to Ukraine has not been "ruled out." "There is no consensus today to officially, openly, and with endorsement, send troops on the ground. The president did not give any further details on which countries could consider sending troops but said France was "not against sending them." He said the EU would "impose further sanctions on companies and countries that facilitate this circumvention of sanctions."
Persons: Emmanuel Macron, Macron, Ukraine's, Holly Ellyatt Locations: Ukraine, Paris, France, Russia, Kyiv
download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Russian President Vladimir Putin needs to ensure his country stays in a permanent state of war to consolidate his power, according to a new book from Marie Mendras, a professor at Sciences Po University's Paris School of International Affairs. "He has the logic of a paranoid leader," Mendras told France 24 on Monday. It's unlikely Russia will be witnessing a major revolution or rebellion because it's a "dangerous dictatorship," said Mendras. Russia's war against Ukraine triggered sweeping Western sanctions against Moscow, isolating its economy and weakening Russia diplomatically.
Persons: , Vladimir Putin, Marie Mendras, Mendras, Putin, Boris Yeltsin —, Alexey Navalny, Navalny Organizations: Service, Sciences Po University's Paris School of International Affairs, France, Guerre permanente, Moscow, EU Locations: Russia, Guerre, Chechnya , Georgia, Donbas, Syria, Ukraine, It's
A smart phone is displaying Facebook with the Meta icon visible in the background in this photo illustration. Facebook, which was founded 20 years ago, is seen here in Brussels, Belgium, on February 4, 2024. Facebook owner Meta will set up a team to tackle disinformation and the abuse of generative artificial intelligence in the run-up to European Parliament elections in June amid concerns about election interference and misleading AI-generated content. European Parliament elections will take place June 6-9. Its 720 lawmakers, together with EU governments, pass new EU policies and laws.
Persons: Meta Organizations: Facebook, EU Locations: Brussels, Belgium
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVeon CEO: EU is 'unnecessarily heavily regulated' and that's killing revenue opportunitiesVeon CEO Kaan Terzioğlu says "emerging markets are sometimes more forward-looking."
Persons: Kaan Terzioğlu Organizations: EU
Kyiv, Ukraine CNN —Former US President Donald Trump will be “against Americans” if he chooses to support Russia over Ukraine, the war-torn country’s President Volodymyr Zelensky said Sunday. Speaking to CNN’s Kaitlan Collins in Kyiv, Zelensky said he “can’t understand how Donald Trump can be on the side of (Russian President Vladimir) Putin.”“It’s unbelievable,” he added. Zelensky said that he believed Trump — who also claimed he would end the conflict in one day if elected — did not understand Putin’s goals. “I think Donald Trump doesn’t know Putin,” Zelensky said. “He doesn’t understand it, of course, God bless you don’t have the war on your territory.”
Persons: Donald Trump, Volodymyr Zelensky, CNN’s Kaitlan Collins, Zelensky, Vladimir, Putin, , Trump, , , Donald Trump doesn’t, ” Zelensky, “ we’ve, Avdiivka, Joe Biden’s, Ukraine’s, Oleksandr Syrskyi, Mike Johnson, Biden, , I’m, Collins, JD Vance, Vance “ Organizations: Ukraine CNN — Former, Republican, South Carolina Republican, CNN, EU, European Union, , Kyiv, Russia, Republicans Locations: Kyiv, Ukraine, Russia, United States, Avdiivka
Of the 194 members of parliament who voted, just six rejected Sweden’s accession. NATO Secretary-General Jens Stoltenberg confirmed that Sweden will join the alliance now that all allies have approved Sweden’s bid to join. As NATO states, Finland and Sweden will enjoy the protection granted under Article 5 of the treaty that established the alliance – which states that an attack on one member is considered an attack against all. While most NATO members quickly approved Finland and Sweden’s applications, Hungary and Turkey held out for some time. Video Ad Feedback Turkish parliament approves Sweden's NATO membership bid 01:05 - Source: CNNShortly after the Turkish vote, Orban told NATO chief Stoltenberg that his government would also support Swedish membership.
Persons: CNN —, Vladimir Putin, Ulf Kristersson, Viktor Orban, Sweden’s, ” Kristersson, Jens Stoltenberg, Recep Tayyip Erdogan, Orban, Stoltenberg, Putin, Luke McGee, Lauren Kent Organizations: CNN, NATO, Stockholm, Swedish, Gripen, , United, Russia, Ukraine, Union, EU, Sweden’s, Budapest, Kyiv Locations: Budapest, Hungary, Swedish, “ Sweden, Sweden, United States, Atlantic Treaty, Eastern Europe, Russia’s, Finland, Russia, Ukraine, Turkey, Stockholm, EU, Europe, Israel
The company is adding labels to AI content and new ad restrictions to improve transparency. Now, the EU Parliament elections will put the social networking platform to the test. Meta released a statement on Sunday outlining a new plan to ensure election integrity with the EU Parliament elections taking place June 6 through 9. It also signed the Tech Accord, which aims to prevent deceptive AI content on major platforms in the 2024 elections. While all posts are subject to the same policy guidelines, Meta is taking extra steps to monitor AI content, according to the statement.
Persons: , it's, Meta, Marco Pancini, Pancini, Joe Biden, Rishi Sunak Organizations: Meta, Service, Facebook, Tech Accord, UK Locations: EU
Total: 25