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Prince Constantijn is special envoy to Techleap, a Dutch startup accelerator. Patrick Van Katwijk | Getty ImagesAMSTERDAM — Europe is at risk of falling behind the U.S. and China on artificial intelligence as it focuses on regulating the technology, according to Prince Constantijn of the Netherlands. Prince Constantijn is the third and youngest son of former Dutch Queen Beatrix and the younger brother of reigning Dutch King Willem-Alexander. "We've seen this in the data space [with GDPR], we've seen this now in the platform space, and now with the AI space," Constantijn added. Plus, when it comes to developing applications that use AI, "Europe is definitely going to be competitive," Constantijn noted.
Persons: Prince Constantijn, Patrick Van Katwijk, Constantijn, Dutch Queen Beatrix, Dutch King Willem, Alexander, innovating, hasn't Organizations: Getty, CNBC, Union, EU, U.S, National Academies of Sciences Locations: Techleap, Dutch, AMSTERDAM, Europe, China, Netherlands, Amsterdam, U.S
The technology to store renewable energy for long periods hasn’t quite been mastered, either. The interconnector would send renewable energy both east and west, taking advantage of the sun’s diurnal journey across the sky. The transatlantic interconnector is still a proposal, but networks of green energy cables are starting to sprawl across the world’s sea beds. They are fast becoming part of a global climate solution, transmitting large amounts of renewable energy to countries struggling to make the green transition alone. Not all of them carry renewable power exclusively — that’s sometimes determined by what makes up each country’s energy grid — but new ones are typically being built for a green energy future.
Persons: there’s, , Simon Ludlam, “ We’ve, we’ve, Fadel Senna, Paul Ellis, Biden, Laurent Segalen, Energy’s Ludlam, , you’ve, you’re, Trump, Dmitry Peskov, George Dyson, Dyson, Morten Kruger, Frank Schneider, Alberto Rizzi, ” Rizzi Organizations: London CNN, Etchea Energy, Getty, Burbo, Sun Cable, Initiative, NATO, European Council, Foreign Relations, United, European Union Locations: New York, California, Britain, Europe, North America, Canada, France, East Coast, United States, Paris, Belgium, Norway, Netherlands, Denmark, Morocco, Moroccan, Ouarzazate, AFP, English, New Brighton, Australia, Singapore, India, Saudi Arabia, Asia, East, Beijing, London, Russia, China, Germany, Ukraine, Finland, Sweden, Baltic, Western Europe, North, Russian, Aqaba, Jordan, Taba, Egypt, Red, America, EU
But key challenges face the country as it looks to become the world's third-biggest AI hub. At the London Tech Week conference in the Olympia events venue earlier this month, tech executives from around the world touted London and the U.K. as a place to invest. London vs. FranceLondon is facing heated rivalry from France for the title of European AI leader. Can the UK keep its European AI crown? Seeking regulatory clarityAnother key source of uncertainty for tech leaders is the future of AI regulation in the U.K.
Persons: Mike Kemp, Alex Kendall, — Kendall, Wayve's, Brent Hoberman, Wayve, it's, Salesforce, Janet Coyle, Coyle, Arthur Mensch, Hanno Renner, that's, Europe's, CNBC's, Philip Belamant, Zilch, Matthew Holman, Cripps, Holman Organizations: Global, London Tech, Sage, Google, London, Partners, Viva Tech, Accel, CNBC, Mistral France Paris, Alpha, Alpha Germany Heidelberg, Face France Paris, France Paris, United, United Kingdom London, Kingdom London, Tech, European Union Locations: London, United Kingdom, China, Olympia, SoftBank, San Francisco, Vancouver . U.S, France London, France, Brazil, Silicon, Europe, Paris, Berlin, Alpha Germany, Germany, Brexit, Britain
Read previewIn September 2021, Mark Zuckerberg threw his PR team into a crisis situation. The story said part of the strategy involved Zuckerberg posting more lighthearted content to help rehab his image, and cited a video he had posted of himself riding a hydrofoil while holding an American flag. In those messages, you can see how the PR team agonized over Zuckerberg's desire to post a zinger about the misidentified hydrofoil. Nick Clegg, head of public policy at Meta, was also strongly against Mark posting something flippant about the hydrofoil. A warning label is a misguided idea, in my opinion, but it is a pesky public problem for Meta.
Persons: , Mark Zuckerberg, Zuckerberg, Ryan Mac, Tucker Bounds, John Pinette, Pinette, I'm, Nick Clegg, Clegg, Meta Organizations: Service, New York Times, Business, Meta, The New York Times, Twitter, Facebook, US, MZ, Street Locations: New York, EU
The European Union on Tuesday accused Microsoft of breaching antitrust rules with the "abusive" bundling of its Teams and Office products. Microsoft took the pre-emptive step to unbundle Teams from Microsoft 365 in an effort to quash antitrust concerns by the EU. The EU opened its investigation into Microsoft — which remains ongoing — in July 2023 following a complaint by Salesforce -owned Slack, which has a rival chat service to Teams. The Commission's concerns are centered around the fact that, starting in around 2019, Microsoft tied Teams with its software-as-a-service — or SaaS — applications, such as Office. It notes that Microsoft is "dominant worldwide" in the SaaS market for professional productivity applications.
Persons: , Brad Smith Organizations: Union, European, Microsoft, European Commission, EU, Salesforce, Economic
European Commission President Ursula von der Leyen said in a post on X: “Congratulations to Moldova and Ukraine on opening accession negotiations. This is very good news for the people of Ukraine, Moldova, and the entire European Union. There are 35 chapters in total, all of which must be agreed by all negotiating parties, including the 27 EU member states. Expanding the bloc to the east of Europe will have consequences for the rest of the EU member states. Perhaps more importantly, accepting Ukraine and Moldova to the bloc would mean adding around 40 million new EU citizens from Eastern Europe.
Persons: Ursula von der Leyen, Viktor Orban, Orban Organizations: CNN, European Union, Soviet, EU, Ukraine Locations: Ukraine, Moldova, Russia, Hungary, Hungarian, Moldovan, Transnistria, Europe, Poland, Eastern Europe, Western
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Farm-to-table dining is a way of life in France, both in restaurants and at homeI shop at farmers markets regularly. Related storiesWith two farmers markets weekly per neighborhood in Paris, I also now think in terms of seasons when it comes to food. Kasia DietzOne of the most significant lifestyle changes I've made since moving to Paris is connected to sustainability. To further celebrate local design, I even lead custom fashion tours to introduce visitors to unique and ethically-minded Parisian brands.
Persons: , Mais, I'm, Kasia Dietz, I'd, me, I've Organizations: Service, Paris ., EU, Business, New Yorker Locations: Paris, France, New York City, New York, Bordeaux, Burgundy, Candelaria, moonlighting, Western Europe, New
Why Europe’s youth are flirting with the far-right
  + stars: | 2024-06-25 | by ( Christian Edwards | ) edition.cnn.com   time to read: +11 min
In this month’s European Parliament elections, far-right parties performed predictably well – but especially, and unexpectedly, among young people. Far-right parties enjoyed a similar uptick in support in the Netherlands, Spain, Portugal, Austria, and continued to do well in Italy. Gonzalo Fuentes/ReutersBut young voters appear less concerned by these roots, says Simon Schnetzer, author of a recent survey of Germany’s youth. But the burst in support for far-right parties could spell a darker trend. This success of far-right parties should be a warning to Europe’s mainstream.
Persons: CNN — Pollsters, , , , Roberto Foa, ” Foa, “ I’m, Alice Weidel, Tino Chrupalla, Annegret Hilse, You’d, Le Pen, Donald Trump, Emmanuel Macron, Jordan Bardella, Arthur Prevot, Macron’s, Prevot, Macron, Jonathan Verbeken, Gonzalo Fuentes, Simon Schnetzer, “ Young, Lee Heinrichs, ” Heinrichs, Ursula von der Leyen, Maximilian Krah, ” Nigel Farage, Maja Smiejkowska, Nigel Farage –, Farage, Andrew Tate, emasculated, Tate –, Tate, shouldn’t, vociferously, Foa Organizations: CNN, Centre, Democracy, University of Cambridge, National, Confederation, Reuters, White House, German Green Party, Greens, Reform UK Locations: United States, United Kingdom, Brussels, Europe, Germany, Poland, Netherlands, Spain, Portugal, Austria, Italy, Berlin, Britain, Jordan, Paris, France, Paris ’, Marseille, Ukraine, Syria, Sylt, Deutschland, London, Romania
China's Premier Li Qiang speaks during the 54th annual meeting of the World Economic Forum in Davos, Switzerland, January 16, 2024. Denis Balibouse | ReutersDALIAN, China — Chinese Premier Li Qiang on Tuesday defended the country's technological development while criticizing efforts to restrict global cooperation. His remarks, at the opening of the World Economic Forum's "Summer Davos" meeting in Dalian, China, came amid rising tensions with the EU over imports of Chinese electric cars. Andrzej Duda, president of Poland, and Pham Minh Chinh, prime minister of Vietnam, gave remarks after Li. The Chinese premier held state-level meetings in China with the two leaders ahead of the "Summer Davos."
Persons: Li Qiang, Denis Balibouse, Li, Andrzej Duda, Pham Minh Chinh, Duda Organizations: Economic, Reuters, EU Locations: Davos, Switzerland, Reuters DALIAN, China, Dalian, U.S, Poland, Vietnam, Beijing, Washington
London CNN —Microsoft has violated European Union antitrust laws by bundling Teams with its other popular applications for businesses, EU officials said Tuesday, marking the bloc’s latest challenge to a US tech giant. If confirmed, the preliminary findings of an EU investigation could lead to a fine of up to 10% of Microsoft’s global revenue, which totaled $211 billion in its latest financial year. Apple, which has denied wrongdoing, also faces a huge fine if the charges are confirmed. “Preserving competition for remote communication and collaboration tools is essential as it also fosters innovation on these markets. If confirmed, Microsoft’s conduct would be illegal under our competition rules,” she added.
Persons: Apple, Slack, Margrethe Vestager Organizations: London CNN, Microsoft, Digital Markets, Apple, European Commission, Salesforce, CNN
Microsoft's EU antitrust charges: Here's what you need to know
  + stars: | 2024-06-25 | 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 EmailMicrosoft's EU antitrust charges: Here's what you need to knowCNBC's Deirdre Bosa joins 'The Exchange' to report on the most recent developments from EU regulators taking aim at big tech companies.
Persons: Deirdre Bosa
Soon, he could well become prime minister if RN wins an absolute majority in the forthcoming parliamentary elections — and he's only 28. Bardella's rise from party spokesman in 2017 to party president over the course of five years is somewhat remarkable for a man who is only 28. Bardella excelled in economics and social sciences at a private college and joined National Rally — then known as the National Front — at the age of 16. Two years later, he became a Member of the European Parliament (MEP) before being made party president in 2022. Jordan Bardella, president of the National Rally, speaks to members of the media as he arrives at Medef in Paris, France, on Thursday, June 20, 2024.
Persons: Jordan Bardella, Julien De Rosa, Bardella, Denis, Joseph Downing, Pen, Jean, Luc Mélenchon, Frederic Chatillon, Le Pen, Le, , Critics, Francois Lo Presti, Macron, Holger Schmieding, Bardella's, Emmanuel Macron's Organizations: Afp, Getty, National, CNBC, National Rally, Paris Sorbonne University, London School of Economics, European Institute, National Assembly, Le, Palais des Sports, Nurphoto, cri, Union, NATO, Berenberg Bank, Popular, Bloomberg Locations: Paris, Villepinte, France, Bardella, Drancy, Paris suburb, Seine, Montmorency, Morocco, Henin, Beaumont, Ukraine, French, Medef
Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. Hong Kong CNN —Chinese Premier Li Qiang has warned against a “vicious cycle” of economic decoupling from the West, as Beijing struggles to contain rising global pushback over soaring electric vehicle (EV) exports. This will “drag countries … into a vicious cycle of scrambling for a cake that becomes smaller and smaller,” Li added. Last month, the Biden administration quadrupled tariffs on EV imports from China, from 25% to 100%, aiming to protect American jobs and manufacturing. Chinese EV sales to the United States are tiny.
Persons: Li Qiang, Li, , China’s, Xi Jinping, Biden Organizations: Hong Kong CNN, EV, European Union, Reuters, EU, Global Locations: China, Hong Kong, Beijing, Dalian, Canada, Beijing’s “, United States, European
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEU says Microsoft in breach of antitrust rules due to Teams and Office bundlingCNBC's Deirdre Bosa joins 'Money Movers' to discuss the latest developments on Microsoft.
Persons: Deirdre Bosa Organizations: EU, Microsoft
Finland has a history of being the happiest country in the world, and it's among the most gender-equal, too. Many Nordic countries have generous paid leave policies, government-subsidized child care, free college (which can level access to high-paying jobs), pay gap reporting requirements and pay transparency policies. At Framery, a Finnish manufacturing company with roughly 400 employees, the difference between what men and women get paid is roughly 1%. Anni Hallila, Framery's head of people and culture, explains three strategies that helped them effectively close their business's gender pay gap. Salary reviews happen twice a yearFramery's compensation team does a pay audit for their workforce twice a year, Hallila says.
Persons: Anni Hallila, Hallila, Framery Organizations: Nordic Locations: Finland, Framery, Finnish
Costfoto | Nurphoto | Getty ImagesEuropean Union regulators on Monday said that Apple is in breach of sweeping new tech rules because it does not allow customers of its App Store to be steered to alternatives. The European Commission, the EU's executive arm, also said it had opened a new probe into Apple into new contractual terms with developers. Under the DMA, tech firms are not allowed to block businesses from telling their users about cheaper options for their products or about subscriptions outside of an app store. The regulators also said that the fees Apple charges developers for the initial acquisition of new customers via the App Store "go beyond what is strictly necessary." The steering rules were also a focus in that investigation.
Persons: Apple Organizations: Nurphoto, Getty, Apple, European Commission, EU, Digital Markets, Big Tech, CNBC, Commission, Regulators Locations: U.S
Trade between the US and Germany was 63.2 billion euros in the first quarter of 2024, edging out the 60 billion euros of trade between China and Germany, according to data from the German government. AdvertisementElectric vehicles are causing riftsAutomobiles are at the center of a new dispute between China and Germany. Nearly a third of German car sales in 2023 came from China, according to Reuters, leaving the industry vulnerable to a trade war. The slump in German exports to China is a sign of vulnerability in trade relations, according to the FT. In 2022, trade between China and Germany was 50 billion euros greater than that between Germany and the US.
Persons: , Biden, EVs, Robert Habeck, Habeck, Oliver Rakau, Martin Wolf Organizations: Service, Business, European Union, Bloomberg, European Commission, BMW, Porsche, Volkswagen, Reuters, EU, European Union Chamber of Commerce, Atlantic Council, Oxford Economics, US, Trump, Biden Locations: China, Germany, Russia, Ukraine, West, Beijing, European, materializing, Red, Europe, Brussels
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGerman automakers worried about their future in China, analyst saysPhillippe Le Corre, senior fellow at the Asia Society Policy Institute, discusses what to expect from China-EU talks over electric vehicle tariffs.
Persons: Phillippe Le Corre Organizations: Asia Society Policy Institute Locations: China
Apple accused of breaking new EU tech rules
  + stars: | 2024-06-24 | by ( Anna Cooban | ) edition.cnn.com   time to read: 1 min
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Skyline, Ho Chi Minh City, Vietnam John Harper | Photodisc | Getty ImagesSoutheast Asia has emerged as a top choice for firms looking to diversify production away from China, including Chinese companies, amid escalating tensions between Washington and Beijing. "Southeast Asia is well-placed to benefit significantly from the China+1 phenomenon as both foreign and Chinese companies diversify their supply chains and operations," said Kuo-Yi Lim, co-founder and managing partner of Southeast Asian venture capital firm Monk's Hill Ventures. "The ASEAN-6 region has benefited from a diversification of global and regional supply chain as well as the adoption of 'China+1' strategies. MalaysiaMalaysia has seen semiconductor firms including Intel, GlobalFoundries and Infineon setting up or expanding operations in the country over the last few years amid U.S.-China tensions. Chinese electric vehicle maker BYD plans to start commercial production of EVs in Indonesia in 2026, according to local reports.
Persons: Vietnam John Harper, Kuo, Yi Lim, Lim, Yinglan Tan, Kai Wei Ang, CNBC's, It's, Ang, Anders C, Johansson, , Sokon – Organizations: Photodisc, Getty, Monk's Hill Ventures, ASEAN, Hong Kong SAR, Apple, Ventures Partners, Samsung, BofA Securities, Intel, GlobalFoundries, Infineon, U.S, Monk's Hill Ventures . Industry, Malaysia that's, Stockholm China Economic Research, Stockholm School of Economics, Chery, Singapore Locations: Chi Minh City, Vietnam, Asia, China, Washington, Beijing, Monk's, Indonesia, Malaysia, Philippines, Thailand, Singapore, U.S, Japan, European Union, China & Hong Kong, Hong Kong, Vietnam Vietnam, ASEAN, Malaysia Malaysia, Stockholm China, EVs
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina needs EU market more than the EU needs China, Berenberg economist saysHolger Schmieding, chief economist at Berenberg, weighs in on the impact of the EU's electric vehicle tariffs on China, and the implications for the Chinese economy.
Persons: Holger Schmieding Organizations: China, EU Locations: EU, China
Read previewBarcelona plans to end short-term rentals after complaints that tourism has priced locals out of the housing market. By 2029, no homes will be allowed to operate as short-term tourist accommodations. AdvertisementGlobal short-term rental restrictionsOther cities are similarly eyeing short-term rental restrictions to manage skyrocketing housing costs in what's been deemed the "Airbnb effect." Cities including Vancouver, Tokyo, London, Amsterdam, and Paris have all placed restrictions on the short-term rental market. Some Southeast Asian countries have banned short-term rentals completely.
Persons: , Jaume Collboni, Collboni, Airbnb, Damià Calvet, Calvet, Enrique Alcantara Organizations: Service, Business, Spanish, Government, EU, Barcelona Tourist Apartments Association, Estate Economics Locations: Barcelona, Spanish, Madrid, what's, Irvine , California, New York City, Cities, Vancouver, Tokyo, London, Amsterdam, Paris, Singapore, Thailand, Irvine
Read previewBarcelona plans to end short-term rentals after complaints that tourism has priced locals out of the housing market. "Tourist apartments represent just 0.77% of Barcelona's housing stock," Enrique Alcantara, president of the Barcelona Tourist Apartments Association, told media after the announcement. AdvertisementGlobal short-term rental restrictionsOther cities are similarly eyeing short-term rental restrictions to manage skyrocketing housing costs in what's been deemed the "Airbnb effect." Cities including Vancouver, Tokyo, London, Amsterdam, and Paris have all placed restrictions on the short-term rental market. Some Southeast Asian countries have banned short-term rentals completely.
Persons: , Jaume Collboni, Collboni, Airbnb, Damià Calvet, Calvet, Enrique Alcantara Organizations: Service, Business, Spanish, Government, EU, Barcelona Tourist Apartments Association, Estate Economics Locations: Barcelona, Spanish, Madrid, what's, Irvine , California, New York City, Cities, Vancouver, Tokyo, London, Amsterdam, Paris, Singapore, Thailand, Irvine
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The tech-centric Nasdaq Composite remained flat, while the Dow Jones Industrial Average had its best week since May, rising 1.45%. The yield on the 10-year Treasury ticked higher and U.S. oil prices rose 2.9% for the week. [PRO] Comeback stocksThe S&P 500 has soared to record levels, fueled by the AI boom, but not all stocks are riding the wave.
Persons: JPMorgan Chase, Goldman Sachs, Tesla, Elon Musk, Musk, Tim Lugo, William Blair's Organizations: CNBC, Nvidia, Microsoft, Apple, Nasdaq, Dow Jones, Citigroup, JPMorgan, Bank of America, Apple Intelligence, Union, Therapeutics, FDA, Organization for Rare Disorders, Nike, Starbucks Locations: U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple charged under new EU competition law: Here's what you need to knowEd Lee, New York Times assistant editor, joins CNBC's 'The Exchange' to discuss the EU scrutiny on Apple, whether the charge will affect earnings, and more.
Persons: Ed Lee Organizations: Apple, Ed Lee , New York Times Locations: Ed Lee ,
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