Europe
Italy fines Amazon record $1.3 billion for abuse of market dominance
Italy’s antitrust watchdog said on Thursday it had fined Amazon 1.13 billion euros (approximately $1.28 billion) for alleged abuse of market dominance, in one of the biggest ...
Takeaway.com shares slip as US rival DoorDash enters Europe
Just Eat Takeaway.com’s shares slipped after news that US rival DoorDash is entering the European market, prompting a key shareholder to call for a strategy change at Europe&...
Spotify to hire hundreds to drive ad sales in Europe, Australia, Canada
Spotify Technology is planning to hire hundreds of staff to boost its advertising sales in Europe and elsewhere, as the music streaming service looks to increase revenue from custo...
Google to invest $1 billion in Africa over five years
Google plans to invest $1 billion in Africa over the next five years to ensure access to fast and cheaper internet and will back start-ups to support the continent’s digital ...
Bank of England: Big Tech cloud services could face resilience test
Amazon, Google and other tech companies providing cloud computing to banks in Britain may have to comply with minimum resilience standards and testing, a senior Bank of England off...
Italy data authority asks Facebook for clarifications on smart glasses
Italy’s data protection authority has said it has asked Facebook to provide clarifications over the social media giant’s newly launched smart glasses to assess whether ...
China targets US IPOs, algorithms, cloud in latest tech takedown
Communist China has launched a multi-pronged attack on its tech companies, threatening to curb their ability to list in the US, seeking to tighten up regulation of their use of alg...
Orange sees role for Huawei in 5G Africa rollout
Orange, France’s largest telecoms firm, will avoid using equipment from Chinese vendors when developing Europe’s 5G networks, opting for suppliers such as Ericsson and ...
Visa to buy Swedish FinTech Tink for $2.2 billion
Visa Inc said it had agreed a 1.8 billion euro (approximately $2.2 billion) takeover of European open banking platform Tink, months after it ditched a planned acquisition of the st...
German competition watchdog launches Apple investigation
Apple became the fourth major digital company to face closer scrutiny from Germany’s antitrust watchdog after the cartel office said it had launched an investigation into whe...
Analysis: Nvidia’s $40 billion Arm deal could hinge on Europe
Nvidia Corp may not be able to meet a March 2022 deadline for closing its $40 billion acquisition of British chip technology firm Arm Ltd due to European regulators’ reluctan...
Amazon raises minimum pay in Germany to 12 euros per hour
Amazon will guarantee an entry-level wage at its German warehouses of 12 euros (approximately $15) an hour, the company has said in the face of a long-running battle with a top lab...
French watchdog: Facebook ready to commit to clear ad data access for partners
Facebook has offered to commit to providing its partners with clear and objective conditions of access to advertising inventories and ad campaign data, France’s antitrust aut...
European consumer group joins EU antitrust case against Apple
The European Consumer Organisation (BEUC) lobby group backed the European Union’s antitrust case against Apple which alleges it distorts competition in the music streaming ma...
Polish trial begins in Huawei-linked China espionage case
An espionage trial involving a former Polish secret services agent and an ex-employee of Huawei begins in a Warsaw court today as some European nations consider whether to exclude ...