alphabet and the European Commission aspire to develop a pact on artificial intelligence (AI) in which European and non-European companies participate before rules are established that regulate this technology, said the head of Industry of the EU, Thierry Breton, on Wednesday. The European Commissioner for the Internal Market and Services had previously met in Brussels […]
Tag: European Union
Better wages, key to combat labor shortages in Europe
One of the keys to combating labor shortages in Europe is offering better wages, according to a study published Tuesday by the European Trade Union Confederation (ETUC) at its congress in Berlin. Through a comparative analysis between job vacancies and salaries in 22 EU countries, the study shows that the sectors that have the most […]
Meta receives a record fine of US$ 1,300 million. for violating data rules in Europe
US social media giant Meta was fined 1.2 billion euros (nearly $1.3 billion) on Monday for breaching European data protection rules, the highest penalty imposed in Europe for such breaches. Meta, which plans to appeal the decision, was sentenced for having “continued to transfer personal data” of Facebook users from the European Economic Area to […]
The EU promises in the G7 a “proportionate and precise” economic security strategy
The President of the European Commission, Ursula von der Leyen, promised this Saturday during the G7 summit in Hirosima (Japan) that the strategy on economic security that the institution plans to present in June will be “proportionate” and at the same time “precise” with respect to the challenge of reducing foreign dependencies, especially China. “The […]
EU and US announce new investments in Asia-Pacific to counter China
The President of the European Commission, Ursula von der Leyen, and the President of USAJoe Biden, announced this Saturday new investments in Asia-Pacific as part of a mechanism created by the G7 to counteract China. The biggest announcement was Von der Leyenwho said the European Union will provide $4 billion in loans for infrastructure projects […]
Borrell rejects that the EU aspires to be an alternative to China in the Indo-Pacific
The head of European diplomacy, Josep Borrellassured this Saturday that the European Union does not have the “ambition” to become a alternative to China in the Indo-Pacific, after the meeting that the European countries held today in Stockholm with some thirty leaders of the region, which was not attended by any representative from Beijing. “No, […]
Crypto Asset Firms Call for Global Consensus Instead of “Raining Down” Rules
The “rain” of different approaches from regulators to crypto assets lacks the global consensus needed to attract investors consolidated that would create a more mature market, an industry executive said at a conference on Wednesday. The European Union has finalized the world’s first comprehensive rules for crypto asset markets, known as MiCA, but other countries, […]
Pedro Sánchez will exhibit an active and reliable Spain before Biden, his most anticipated appointment
The head of the Spanish Executive, Pedro Sanchezwill communicate this week to the president of USA, Joe Bidenthe determination of Spain to play an active role in the search for multilateral solutions to the challenges facing the world and the reliability of the country as a partner that can be counted on. It is a […]
Inflation in the euro area picked up one tenth in April to 7%
The rate of inflation The annual rate in the euro zone increased one tenth in April in relation to March, up to 7.0%, driven above all by the increases in food prices, according to the preliminary estimate released today by the Eurostat community statistics office. According to the report collected by EFE, the rate was […]
ExxonMobil: EU tax on oil company profits “discourages investment”
American multinational ExxonMobil says that the new tax by the European Union on the extraordinary profits of oil companies “it will discourage investment”, after having sued the European Union (EU) considering that Brussels has exceeded its legal authority to impose the tax. “Our challenge is directed solely at the counterproductive tax on windfall profits, and […]