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he continued, adding that it was "insane that we would support a military alliance if that military alliance isn't going to be pro-free speech." Breton addressed the letter to Musk ahead of the X owner's much-publicized interview with Trump, warning him against amplifying "harmful content." AdvertisementIn February, the former president even suggested that the US could let Russia attack non-paying NATO countries, much to the White House's ire. Related storiesAccording to NATO estimates, Poland is set to be the biggest NATO spender in 2024, allocating 4.12% of its GDP. For its part, NATO has acknowledged that there's been a historic imbalance between US military spending and that of non-US allies.
Persons: , JD Vance, Elon Musk's X, Vance, Shawn Ryan Show, Donald Trump's, Musk, platformed Trump, Elon, Donald Trump, Thierry Breton, Breton, NICHOLAS KAMM, Trump, NATO spender, there's Organizations: Service, NATO, European Union, EU, Business, Trump, EU Commission, EU's Digital, DSA, European Commission, White, Getty Images, Alliance Locations: Russia, Canada, Spain, Poland, Estonia, United States
Von der Leyen names European Commission's new top team
  + stars: | 2024-09-17 | by ( ) www.cnbc.com   time to read: +2 min
European Commission President Ursula von der Leyen attends a press conference, on the day of a European Union leaders summit, in Brussels, Belgium March 22, 2024. EU Commission President Ursula von der Leyen on Tuesday named Spain's ecological transition minister Teresa Ribera as the bloc's next antitrust commissioner while Estonia's Kaja Kallas will be in charge of foreign policy. All commissioners will report to German conservative von der Leyen, who this summer was handed a second term as EU chief executive by member states after her political camp won the most votes in EU elections. A second Trump presidency could sharply alter Western unity on supporting Ukraine against Russia's invasion and up-end EU trade relations with the world's biggest economy. There was some drama on Monday on the next Commission's line-up, when France picked Foreign Minister Stephane Sejourne as its new candidate after the incumbent, Thierry Breton, abruptly quit with tough words for von der Leyen.
Persons: Ursula von der Leyen, Teresa Ribera, Estonia's Kaja, Andrius, Stephane Sejourne, Slovakia's Maros Sefcovic, Ribera, Denmark's, Margrethe Vestager, der Leyen, Trump, Thierry Breton, von der Leyen Organizations: European Union, EU, French, Big Tech, U.S, Ukraine Locations: Brussels, Belgium, China, France
French European Commissioner Thierry Breton on Monday said he would step down as a member of the EU executive body over a rift with Commission President Ursula von der Leyen, alleging that she had asked Paris to withdraw his candidacy. Von der Leyen is finalizing her list of commissioners for her second term leading the governing body, due to be presented to the public this week. In his resignation letter, which Breton posted on X, he said von der Leyen "a few days ago" had asked France to withdraw his name as its pick for the Commission "for personal reasons" in return for an "allegedly more influential portfolio". Von der Leyen's office did not immediately reply to a request for comment. The French presidency did not immediately reply to a Reuters request for comment.
Persons: Thierry Breton, Ursula von der Leyen, Paris, Von der, Breton, von der Organizations: French, Big Tech, Reuters, EU Locations: France
Musk agreed with Trump that Harris was a radical leftist and flattered his guest by implying that he was strong and his Democratic opponents were weak. Like, okay, you know, President Trump is like, don’t mess with me.”Musk has already endorsed Trump, and he was leaving no doubt on Monday night that he wants to see him win a second term. Trump may not have been president without Twitter, as his emergence as a political force in 2016 coincided with the site’s heyday. “There is a lot of opposition to people just hearing what President Trump has to say,” Musk said. The Harris campaign was quick to respond, posting a Trump Truth Social post from last year that lambasted Florida Gov.
Persons: Elon Musk, Donald Trump, Kamala Harris, Joe Biden’s, , Musk, Harris, , ” Trump, baselessly, Biden, Trump, ” Musk, Kamala, , , Steven Cheung, he’d, Thierry Breton, Cheung, Ron DeSantis Organizations: CNN, Tech, Elon, Democratic, Trump, Republican, Trump —, SpaceX, Twitter, Presidential, , Musk Trump, Biden, Florida Gov, Capitol Locations: United States, European, Europe
Thierry Breton, France's European Union commissioner for internal market and consumer protection, industry, research and energy. Billed as an unscripted conversation by Musk, the Spaces session will be one of the few campaign events Trump does this week. Breton warned Musk that the EU was prepared to "make full use of our toolbox" to protect EU citizens from "serious harm." Getty Images | Getty Images News | Getty ImagesSince then, Musk has made a series of incendiary comments about the situation in the U.K. on X. Riot police officers push back anti-migration protesters outside on Aug. 4, 2024 in Rotherham, U.K. Christopher Furlong | Getty Images
Persons: Elon Musk, Tesla, Apu Gomes, Linda Yaccarino, Thierry Breton, Yaccarino, Donald Trump, Musk, Kamala Harris, Keir Starmer, Ashlea Simon, Peter Kyle, Christopher Furlong Organizations: SpaceX, X Holdings Corp, Milken Institute's Global, Beverly Hilton Hotel, Getty, European, X Corp, Union, Trump, Republican, Democratic, EU's Digital Services, Digital Services, Riot, British, Britain, Times Locations: Beverly Hills , California, Europe, United Kingdom, EU, Breton, Southport , England, Southport, England, Northern Ireland, Falkland Islands, Rotherham, U.K
What are the economics of war?
  + stars: | 2024-08-07 | by ( Gaelle Legrand | ) www.cnbc.com   time to read: +1 min
Last March, Thierry Breton, the EU's commissioner for internal market, advocated for a shift of the European defense industry toward a war economy. Europe is facing an "existential threat," he said, as the Commission announced a new defense strategic plan, with a minimum of €1.5 billion ($1.6 billion) subsidy to boost the continent's war machine. In Germany, arms maker Rheinmetall inaugurated a new factory in February that will produce artillery ammunition, explosives and rockets. Aerospace and defense company Kongsberg also opened a new anti-ship and cruise missile manufacturing plant in Norway last June. Watch the video above to learn more about the economics of war.
Persons: Thierry Breton Organizations: Commission, Rheinmetall, Aerospace, Kongsberg, Stockholm International Peace Research Institute Locations: Europe, Germany, Norway, Stockholm
TikTok has committed to “permanently withdraw” a rewards program from the European Union after the 27-member bloc raised concerns about the feature’s potential “addictive effect,” the European Commission announced Monday. TikTok is pleased to have reached an amicable resolution.”TikTok formally agreed to withdraw the TikTok Lite Rewards program from the E.U. and committed “not to launch any other programme which would circumvent the withdrawal,” the European Commission said. has attempted to more forcefully police the conduct of Big Tech firms through laws such as the Digital Services Act and other measures. “The safety and well-being of social media users need to be a number one priority.
Persons: TikTok, , ” TikTok, , Margrethe Vestager, Thierry Breton Organizations: European Union, European Commission, Services, European, DSA, Big Tech, Digital Services, Facebook Locations: Spain, France, Danish, French
Elon Musk's X is in breach of EU online content rules as the social media platform uses "dark patterns" to deceive users, the European Commission said Friday. The body's preliminary view, published Friday, is that the platform has broken rules regarding dark patterns, advertising transparency and data access for researchers. X's use of the blue checkmark for "verified accounts" does not correspond to industry practices as anyone can subscribe and obtain a verified status, the commission said. It added that there was evidence of "motivated malicious actors" abusing the verified status to deceive users. If the commission's views are confirmed, X could face a fine of up to 6% of its global annual turnover.
Persons: Elon Musk, Elon Musk's, Thierry Breton Organizations: SpaceX, Tesla, European Commission, Digital Services Locations: Beverly Hills , California
Read previewEuropean claims about its capacity to produce artillery shells are wildly overblown, meaning it won't be able to supply Ukraine anywhere near the quantity it has promised, according to a new investigation. The European Commission claimed that, as of January this year, Europe's annual production capacity for 155 mm shells had reached one million shells a year. Related storiesOne source familiar with the industry said Europe would produce less than half a million shells by the end of the year, and said it was poor policy to pretend otherwise. Advertisement155mm shells have been a crucial staple for both sides of the conflict in Ukraine. As of May, Russia was able to produce artillery shells about three times faster than Ukraine's allies were able to, and for a quarter of the cost, Sky News reported.
Persons: , Thierry Breton, Johanna Bernsel Organizations: Service, European Commission, Business, Internal, Radio Free, Rheinmetall, European, EU, Bloomberg, Sky News Locations: Ukraine, Estonian, Europe, Russia
You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The French group of trade associations fears that Apple's web eraser could represent another example of Big Tech implementing disruptive changes over which media and advertising companies have no control. Apple generates advertising and subscription revenue from its Apple News service, though it makes the majority of its ad revenue from search ads within the Apple App Store. A spokesperson for the NMA said the organization hadn't heard back from Apple since it sent the letter on May 10.
Persons: , Tim Cook, Apple's Cook, Thierry Breton, Apple, NMA, hadn't Organizations: Service, Apple, Business, Safari, Alliance, SRI, Union des Marques, Big Tech, Google, Facebook, Publishers, Apple News, French Competition Authority, Europe's, UK's News Media Association, Daily Mail, Guardian Locations: France, Europe, Germany
It's worth noting that their comments come as the world's first major law governing AI, the EU's AI Act, was given the final greenlight. Meanwhile, European Commissioner Thierry Breton, a major architect of rules around Big Tech, is set to speak later in the week. Vogels, who is tasked with driving technology innovation within Amazon , said that AI can be used to "solve some of the world's hardest problems." Manyika said Google open-sourced its watermarking tech so that any developer can "build on it, improve on it." "I am concerned that there is potential for monopolies to emerge around Big Tech and AI," he said.
Persons: Rafael Henrique, Lightrocket, Werner Vogels, Society James Manyika, Thierry Breton, Vogels, Manyika, it's, Google's, Gemma AI, Emmanuel Macron, Eric Schmidt, Yann LeCun, Macron, Matt Calkins, Appian, Calkins Organizations: Getty, France —, Viva Tech, Amazon Chief, Google, Technology, Society, Regulators, Big Tech, European Union, Microsoft, Amazon, Meta, Elysee, CNBC Locations: PARIS, France, Paris, Jakarta, Indonesia, View , California, U.S
Mark Zuckerberg, CEO of Meta testifies before the Senate Judiciary Committee at the Dirksen Senate Office Building on January 31, 2024 in Washington, DC. Facebook parent company Meta on Thursday was hit with a major investigation from the European Union into alleged breaches of the bloc's strict online content law over child safety risks. The Commission added that it is concerned about age verifications on Meta's platforms, as well as privacy risks linked to the company's recommendation algorithms. "This is a challenge the whole industry is facing, and we look forward to sharing details of our work with the European Commission." The EU said it will carry out an in-depth investigation into Meta's child protection measures "as a matter of priority."
Persons: Mark Zuckerberg, Meta, Thierry Breton Organizations: Dirksen, Facebook, Meta, European Union, European Commission, CNBC Locations: Washington ,
London CNN —The European Union is worried that Meta is failing to protect children on its platforms, Facebook and Instagram, and has launched a formal investigation that could result in a hefty fine. The probe is the latest evidence that regulators are increasingly focussing on the harmful impact of Meta’s platforms — and other social media — on young users, including by encouraging addictive behavior. The European Commission, the EU’s executive arm, will consider whether Meta (META) has complied with its obligations under the Digital Services Act (DSA), the bloc’s sweeping new law for online platforms. The legislation requires online platforms to put in place measures to protect children, including by preventing them from accessing inappropriate content and ensuring a high level of privacy and safety. The European Commission is concerned that Facebook’s and Instagram’s online interfaces “may exploit the weaknesses and inexperience of minors and cause addictive behavior,” it said in a statement Thursday.
Persons: Meta, Thierry Breton, ” Meta Organizations: London CNN, Facebook, European Commission, Digital Services, European, Meta, CNN, New Locations: New Mexico, Gaza
Read previewDigital regulators in Europe are clamping down on a new feature by TikTok that rewards users for consuming videos and interacting with creators, citing addiction concerns among children. The European Commission said on Monday that it had opened formal proceedings against TikTok Lite, a spinoff version of the TikTok app that uses less mobile data and launched in Spain and France in March. Users can earn such points on the Lite app by watching videos for up to 85 minutes daily. "We suspect TikTok 'Lite' could be as toxic and addictive as cigarettes 'light,'" said Thierry Breton, commissioner for the internal market in the EU. "The TikTok Lite rewards hub is not available to under 18s, and there is a daily limit on video watch tasks," the spokesperson said.
Persons: , TikTok, Thierry Breton, Tiktok, TikTok didn't, Breton, it's Organizations: Service, European, Business, AFP, Digital Services Locations: Europe, Spain, France, EU
London CNN —The European Union has launched investigations into two groups of companies that include Chinese solar panel makers in the latest salvo against what it suspects is unfair competition from China’s vast manufacturing sector. “There are sufficient indications that both (consortia) have been granted foreign subsidies that distort the internal (EU) market,” the European Commission said in a statement. The European Commission has said it may impose tariffs on Chinese biodiesel imports if dumping is confirmed. Like biodiesel, solar panels are an important part of Europe’s efforts to transition to an economy powered by clean technologies. Last month, Premier Li Qiang told the country’s parliament that China would focus on exporting more of its “new trio” of products, namely electric vehicles, solar panels and lithium batteries.
Persons: Thierry Breton, Jens Eskelund, Li Qiang Organizations: London CNN, European Union, European Commission, Green Energy Technology Co, Shanghai Electric Group Co, European, European Union Chamber of Commerce, EU Locations: Romania, EU, China, Europe
London CNN —The European Union has launched investigations into Apple, Google and Facebook parent Meta on suspicion that they are failing to comply with a new landmark European law designed to promote competition in digital services. The European Commission said it “suspects” that various practices by all three companies “fall short of effective compliance” with the Digital Markets Act (DMA), which went into effect earlier this month. If the probes find a “lack of full compliance,” they could face “heavy fines,” said European Commissioner Thierry Breton. The practices the European Commission is investigating include what it calls Meta’s “pay or consent” approach. Last October, Meta (META) launched a subscription service, called “Subscription for no ads,” allowing European users of Facebook and Instagram to pay up to €12.99 ($14) a month for ad-free versions.
Persons: , , Thierry Breton, Elon Musk’s, Meta’s, Meta’s ‘ Organizations: London CNN, European Union, Apple, Google, European Commission, Digital Markets, Microsoft, Commission, Meta, Facebook, CNN
One AI expert said it risks creating "AI policy tax havens" as countries try to attract investment. "Europe is NOW a global standard-setter in AI," Thierry Breton, the European internal market commissioner, said on X. Other countries, including China, have already brought in rules around specific uses of AI. AdvertisementThe legislation has been questioned by some commentators, such as AI and deepfakes expert Henry Ajder, who called it "very ambitious." The EU legislation plans to assign the risks of AI applications into three categories, with applications that cause unacceptable risk set to be banned.
Persons: , Thierry Breton, Henry Ajder, Neil Serebryany, Avani Desai, Schellman, Marcus Evans, Norton Rose Fulbright Organizations: EU, Intelligence, Service Locations: Europe, China, EU, California
Europe investigates Big Tech’s use of generative AI
  + stars: | 2024-03-14 | by ( Brian Fung | ) edition.cnn.com   time to read: +3 min
Regulators at the European Commission say they’re particularly concerned about how generative AI could sow chaos in the run-up to this summer’s EU parliamentary elections. Online platforms will have until April 5 to respond to questions about steps they’ve taken to prevent AI tools from spreading election misinformation. The companies’ responses could be incorporated into a series of election security guidelines for tech platforms the European Commission plans to finalize by March 27, another commission official said. The AI investigation also covers a broader set of topics including how platforms are addressing generative AI’s impact on user privacy, intellectual property, civil rights and children’s safety and mental health. “One of the grievances we have is the ability to manipulate the service through automated means and this can include generative AI, so yes, there’s a link to the ongoing investigation,” one of the commission officials said.
Persons: , , Linda Yaccarino, Thierry Breton Organizations: CNN, European Union, Meta, Microsoft, Commission, Digital Services, Elon Locations: Israel, EU
Just_super | E+ | Getty ImagesThe European Union's parliament on Wednesday endorsed the world's first major set of regulatory ground rules to govern the mediatized artificial intelligence at the forefront of tech investment. President of the European Parliament, Roberta Metsola, described the act as trail-blazing, saying it would enable innovation, while safeguarding fundamental rights. "Artificial intelligence is already very much part of our daily lives. Born in 2021, the EU AI Act divides the technology into categories of risk, ranging from "unacceptable" — which would see the technology banned — to high, medium and low hazard. "The AI Act is not the end of the journey, but, rather, the starting point for a new model of governance built around technology.
Persons: Thierry Breton, Roberta Metsola, Dragos, Tudorache Organizations: Intelligence, Wednesday, EU, European, Union, Digital Markets, — U.S, Apple, Meta, Microsoft, Google, Nvidia Locations: Europe, Germany, France, U.S, India
Apple relenting means Epic will be able to bring “Fortnite” back to iPhones in Europe, Epic said in a blog post. “Apple has told us and committed to the European Commission that they will reinstate our developer account. Apple said it reached the decision “following conversations with Epic” in which Epic committed to following Apple’s new EU-focused policies. “Epic Sweden AB has been permitted to re-sign the developer agreement and accepted into the Apple Developer Program,” Apple said in a statement. Epic CEO Tim Sweeney wrote back to Apple promising to abide by its terms, but Apple rescinded the developer account anyway.
Persons: , Fortnite, Fortnite ”, Apple, ” Apple, Thierry Breton, Tim Sweeney, Organizations: CNN, Apple, European Union, European Commission, Markets, Apple Developer, EU Locations: Europe, iPhones, pushback
LONDON (AP) — The European Union said Monday it is investigating whether TikTok has broken the bloc's strict new digital rules for cleaning up social media and keeping internet users safe. The European Commission, the EU's executive branch, said it has “opened formal proceedings to assess" whether TikTok has breached the Digital Services Act, which took effect last year. The commission is focusing on whether TikTok is doing enough to curb “systemic risks” stemming from its design, including "algorithmic systems" that might stimulate “behavioral addictions." The EU has deemed nearly two dozen of the biggest online and social media platforms including TikTok, as ones that deserve the highest level of scrutiny under the DSA and hefty fines if they fail to comply. The bloc is already investigating Elon Musk’s X, previously known as Twitter, for breaches including failure to curb the spread of illegal content.
Persons: TikTok, ” Thierry Breton, We’ll, Elon Musk’s Organizations: Union, European Commission, Digital Services, DSA, EU
Belgian PM Backs EU Bonds to Boost Defence Spending
  + stars: | 2024-02-16 | by ( Feb. | At A.M. | ) www.usnews.com   time to read: +4 min
By Andrew GrayBRUSSELS (Reuters) - Joint European Union borrowing could help fund higher defence spending but governments would still have to make tough political choices to sustain it, Belgian Prime Minister Alexander De Croo said. To succeed, proponents will need to convince those traditionally sceptical of EU joint borrowing such as Germany, the Netherlands and Nordic nations. European defence spending has been on an upward curve since Russia first invaded Ukraine and seized Crimea in 2014. NATO said on Wednesday it expected defence spending by its European members would grow by $33 billion this year to $380 billion. Last year, NATO estimated Belgium would spend 1.13 % of GDP on defence in 2023, second lowest among NATO members.
Persons: Andrew Gray BRUSSELS, Alexander De Croo, Donald Trump, Kaja Kallas, Emmanuel Macron, Charles Michel, De Croo, Croo, Thierry Breton, Andrew Gray, John Irish, Alex Richardson Organizations: European Union, Belgian, NATO, Estonian, European, Reuters, Munich Security Conference, Nordic, European Defence Fund, EU Locations: European, Ukraine, Munich, Germany, Netherlands, EU, Russia, Crimea, Belgium, Europe, France, Paris
Apple faces strong action if changes to its App Store do not meet incoming European Union regulations, the bloc's industry chief said on Friday. However, critics have said the changes do not go far enough, arguing Apple's fee structure remains unfair, and that the changes may be in violation of the DMA. Under Apple's new EU regime, developers will still have to submit apps to Apple for review for cybersecurity risks and obvious fraud. Apple said on Friday the core technology fee only applies to developers who choose to opt into the new business terms. Under the new business terms for EU apps, Apple estimates that 99 percent of developers would reduce or maintain the fees they owe to Apple, the company said.
Persons: Thierry Breton, Apple Organizations: Apple, Union, Digital Markets, Reuters, EU, Meta, Spotify
CNN —Former US President Donald Trump briefly returned as a central character in European politics earlier this week. Multiple EU officials and diplomats noted to CNN that his sudden recollection came at a particularly sensitive time, as the EU attempts to build its own defense capabilities outside of the US-led NATO alliance. Whether Trump actually made these comments or not is largely immaterial to European officials. And his hostility toward the Ukraine war effort has an impact even now, playing into the Republican Party’s reluctance to pass more US funding for Ukraine. Christine Lagarde, head of the European Central Bank, said only this week that Trump’s return would be a “threat” for Europe.
Persons: Donald Trump, Thierry Breton, Trump, Ursula von der Leyen, ” Breton’s, Russia’s Vladimir Putin, Letitia James, Spencer Platt, , Joe Biden, Europe’s, Ian Bond, ” Donald Trump, Jim Watson, Angela Merkel, Jesco Denzel, there’s, Christine Lagarde Organizations: CNN, Former, European, Republican, NATO, New York, Getty, Ukraine, , Trump, EU, Centre, Economic, European Central Bank Locations: Europe, Iowa, Ukraine, New York City, Brussels, EU, United States, America, China, Davos, AFP, Russia, Beijing, Moscow, Charlevoix , Canada, European
A top EU official revealed that Trump said the US would not help Europe if attacked. The official said it was a "big wake-up call" and expressed fears about a second Trump presidency. As president, Trump was openly critical of the EU and questioned the US commitment to NATO. AdvertisementFormer President Donald Trump privately warned that the US would "never" help the EU if it were attacked, a top European Union official has revealed. According to Breton, Trump then said: "By the way, NATO is dead, and we will leave, we will quit NATO.""
Persons: Trump, , Donald Trump, Thierry Breton, Ursula von der Leyen, Breton, Vladimir Putin, Joe Biden Organizations: EU, Trump, NATO, Service, European Union, French, Economic, Politico, Kremlin, Republican Locations: Europe, Davos, Breton, United States, Brussels, Ukraine, EU
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