The European Commission today formally accused the technology multinational Google of abusing its dominant position by favoring its advertising technology or ‘adtech’ services, which are tools and programs used by advertisers to reach broader audiences and measure the impact of their campaigns. The Community Executive announced an investigation in this regard in June 2021 and […]
Tag: European Union
EU seeks to regulate ESG ratings and will fine agencies that fail to comply
The European Commission proposed this Tuesday to regulate in the European Union the rating agencies that rate companies based on their performance in environmental, social and governance matters to avoid conflicts of interest and fine up to 10% of their annual turnover to those who fail. Brussels specifically proposes that these agencies have to separate […]
Germany applauds Panama’s efforts to get off the list of tax havens
Germany applauded this Friday Panama for “the reform processes that it is promoting” to get off the discriminatory lists, including those of the European Unionwho consider the Central American country a tax haven and with deficiencies in the fight against money laundering. “I have also made it clear that it has been an area on […]
China’s power settles in Latin America
For some time almost everything that happens in Latin America has something to do with Chinawarns Alicia García Herrero, a Spanish economist. And it is that the relationship between the two worlds began with the trade of raw materials, when China became the main buyer of the same after putting its economy “on steroids” to […]
EU and US will publish a “code of conduct” on AI
The European Union and USA announced on Wednesday a draft of “code of Conduct” common about artificial intelligence (AI)which would be applied on a voluntary basis. “In the coming weeks, we are going to present a draft code of conduct on artificial intelligence”said the European Commissioner for Competition, Margrethe Vestager, at a joint press conference […]
Twitter will be banned in the EU if it doesn’t combat misinformation, warns French minister
Twitter risks being banned from the European Union if it does not comply with the bloc’s rules on the fight against disinformation, the French Minister of Digital Transition, Jean Noël Barrot, warned on Monday. “If Twitter does not comply with our rules, it will be banned, in the event of a repeat offence, in the […]
EU and Google will develop a voluntary pact on AI before new regulations
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 […]
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 […]