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Articles for Vestager

EU accepts Apple pledge to let rivals access ‘tap to pay’ iPhone tech to resolve antitrust case
5 months, 1 week ago

EU accepts Apple pledge to let rivals access ‘tap to pay’ iPhone tech to resolve antitrust case

Associated Press  

LONDON — The European Union on Thursday accepted Apple’s pledge to open its “tap to pay” iPhone payment system to rivals as a way to resolve an antitrust case and head off a potentially hefty fine. To encourage iPhone users to switch away from Apple Pay to another mobile wallet, “the fee reduction needs to be partially passed onto the …

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Apple Risks More App Store Fines as EU Antitrust Rift Widens
5 months, 4 weeks ago

Apple Risks More App Store Fines as EU Antitrust Rift Widens

Live Mint  

-- Apple Inc. risks billions of euros of new fines over its App Store rules as European Union antitrust regulators escalated a growing conflict over rules that strike at the heart of the iPhone maker’s business model. At the same time, the commission said that it had opened a fresh investigation into Apple’s new App Store fees for developers in …

Apple App Commission Store Dma
EU to boost defence industry in a bid to move away from US dependency
9 months, 2 weeks ago

EU to boost defence industry in a bid to move away from US dependency

The Hindu  

The European Union on March 5 outlined ambitious plans to boost its defence industry as it responds to the threat posed by Russia’s war on Ukraine and seeks to wean member nations off an over-dependence on the U.S. defence industry. Strategic independence In the first 16 months since the February 2022 start of the Ukraine war, “member states spent more …

Ukraine Russia Defence Industry States Trump Spending
EU tech chief sees draft voluntary AI code within weeks
1 year, 6 months ago

EU tech chief sees draft voluntary AI code within weeks

The Hindu  

EU tech chief Margrethe Vestager said on Wednesday she believed a draft code of conduct on artificial intelligence could be drawn up within weeks, allowing industry to commit to a final proposal "very, very soon". "Generative AI is a complete game-changer," Vestager, who is a vice president of the European Commission, told a news conference on Wednesday after a meeting …

Tech Ai Ttc
US, Europe working on voluntary AI code of conduct as calls grow for regulation
1 year, 6 months ago

US, Europe working on voluntary AI code of conduct as calls grow for regulation

Associated Press  

LONDON — The United States and Europe are drawing up a voluntary code of conduct for artificial intelligence, a top European Union official said Wednesday, as the developing technology triggers warnings about the risks it poses to humanity and growing calls for regulation. The voluntary code would bridge the gap while the 27-nation EU works on groundbreaking AI rules that …

Europe Ai
Europe has led the global charge against big tech. But does it need a new approach?
1 year, 7 months ago

Europe has led the global charge against big tech. But does it need a new approach?

Live Mint  

In the past couple of decades, Europe and America have taken different paths in how they regulate large firms. Perhaps surprisingly, Europe took on even the mighty tech giants, imposing multi-billion-euro fines on the likes of Google and, at times, forcing changes to tech business models. Ms Vestager’s regulatory method is premised on the idea that consumer tech markets tend …

Europe Tech Competition Google Silicon Valley European Big
Amazon agrees to settle EU antitrust cases, avoiding fines
2 years ago

Amazon agrees to settle EU antitrust cases, avoiding fines

Live Mint  

Amazon.com Inc. agreed to settle two European Union antitrust cases related to allegations about its treatment of third-party sellers on its platform, ending some of the bloc’s most advanced cases targeting a U.S. tech company. The European Commission, the EU’s top competition regulator, has pursued other antitrust cases against companies including Apple Inc., Alphabet Inc.’s Google and Meta Platforms Inc., …

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Amazon to make big business changes in EU settlement
2 years ago

Amazon to make big business changes in EU settlement

Associated Press  

Amazon will make major changes to its business practices to end competition probes in Europe by giving customers more visible choices when buying products and, for Prime members, more delivery options, European Union regulators said Tuesday. “Today’s decision sets the rules that Amazon will need to play by in the future instead of Amazon determining these rules for all players …

Business Europe Competition Prices Antitrust Company Commission
Amazon may have to tweak proposals for ending business practices probes, EU regulator says
2 years, 3 months ago

Amazon may have to tweak proposals for ending business practices probes, EU regulator says

The Hindu  

Amazon may have to tweak its proposals to end two investigations into its business practices, EU antitrust chief Margrethe Vestager said on Friday following feedback from third parties on the issue. In July the U.S. online retailer said it would set up a data silo, preventing its retail arm from using data from its marketplace to make competing private label …

Google Vestager
Qualcomm gets a breathing space in EU
2 years, 6 months ago

Qualcomm gets a breathing space in EU

The Hindu  

Qualcomm and Apple entered into an agreement a decade ago. The initial contract and its subsequent renewal made clear that the chip maker would stop making payments to Apple if the iPhone maker sells its mobile devices with a chipset supplied by a Qualcomm rival. “These payments were not just reductions in price – they were made on the condition …

Iphone Chip Qualcomm Maker Vestager Deal Apple
EU antitrust chief calls for global approach towards tech giants
2 years, 7 months ago

EU antitrust chief calls for global approach towards tech giants

The Hindu  

Europe's antitrust chief Margrethe Vestager, the architect of landmark rules to curb the power of U.S. tech giants, called on Thursday for a global approach towards Big Tech to prevent companies taking advantage of enforcement gaps. Vestager, who has handed out billions of euros in fines to Alphabet's Google and launched investigations into Apple, Amazon and Meta Platform's Facebook, said …

Tech Giants Global Tech
Apple hit with EU antitrust charge over its payment technology
2 years, 7 months ago

Apple hit with EU antitrust charge over its payment technology

The Hindu  

EU antitrust chief Margrethe Vestager said in a statement that Apple restricted third-party access to key technology necessary to develop rival mobile wallet solutions on Apple's devices EU antitrust regulators charged Apple on Monday with restricting rivals' access to its NFC chip technology in a move that could result in a hefty fine for the iPhone maker and force it …

Apple Pay Statement Commission Tec
EU’s Vestager says no antitrust concerns yet about cloud computing
2 years, 8 months ago

EU’s Vestager says no antitrust concerns yet about cloud computing

The Hindu  

Cloud computing, in which Amazon and Microsoft are the biggest players followed by Alphabet's Google, doesn't pose competition concerns yet because of Europe's Gaia-X initiative, EU antitrust chief Margrethe Vestager said on Monday. The market power of the big companies has sparked unease at smaller rivals in recent years, with German software provider NextCloud, France's OVHcloud and two other companies …

Cloud Computing Microsoft Cloud Vestager Software Companies
Rules to rein in power of Big Tech on the anvil in EU
2 years, 9 months ago

Rules to rein in power of Big Tech on the anvil in EU

The Hindu  

BRUSSELS - The European Commission aims to clinch a fast-tracked deal with EU lawmakers and countries by the end of March on new rules to rein in the powers of Alphabet's Google, Amazon, Apple, Facebook and Microsoft, Europe's antitrust chief said on Wednesday. Margrethe Vestager, who had proposed the Digital Markets Act more than a year ago with a list …

Google loses challenge against EU antitrust ruling
3 years, 1 month ago

Google loses challenge against EU antitrust ruling

The Hindu  

Alphabet unit Google lost an appeal to a 2.42-billion-euro European antitrust decision on Wednesday, a major win for the bloc’s competition chief Margrethe Vestager in the first of three court rulings that will strengthen the EU's push to regulate big tech. "The General Court largely dismisses Google's action against the decision of the Commission finding that Google abused its dominant …

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EU lawmaker says U.S. tech giants should be regulated where they are based
3 years, 2 months ago

EU lawmaker says U.S. tech giants should be regulated where they are based

The Hindu  

U.S. tech giants such as Apple, Google, Facebook and Amazon should be regulated by the EU country where they are based under proposed EU rules, a top lawmaker said on Tuesday, knocking back efforts by some countries to broaden the planned act's scope. The country of origin principle is set out in EU antitrust chief Margrethe Vestager's draft rules known …

Tech Facebook Eu Lawmaker
EU hands $1 billion fine to Volkswagen and BMW for colluding on emission-control systems
3 years, 5 months ago

EU hands $1 billion fine to Volkswagen and BMW for colluding on emission-control systems

Firstpost  

The European Union handed down $1 billion in fines to major German car manufacturers Thursday, saying they colluded to limit the development and rollout of car emission-control systems. Daimler, BMW and Volkswagen along with its Audi and Porsche divisions avoided competing on technology to restrict pollution from gasoline and diesel passenger cars, the EU’s executive commission said. EU antitrust chief …

Fine Billion Bmw Volkswagen
EU outlines ambitious AI regulations focused on risky uses
3 years, 8 months ago

EU outlines ambitious AI regulations focused on risky uses

Associated Press  

LONDON — Risky uses of artificial intelligence that threaten people’s safety or rights such as live facial scanning should be banned or tightly controlled, European Union officials said Wednesday as they outlined an ambitious package of proposed regulations to rein in the rapidly expanding technology. “With these landmark rules, the EU is spearheading the development of new global norms to …

Technology Tech Rules Officials Ai Gdpr Vestager
EU probes Germany’s move to pay for coal plant closures
3 years, 9 months ago

EU probes Germany’s move to pay for coal plant closures

Associated Press  

BERLIN — The European Commission said Tuesday it has opened a probe into whether Germany’s plans to compensate owners for the early shutdown of coal-fired power plants by 2038 is in line with the bloc’s rules on state aid to businesses. Germany agreed last year to pay utility companies 4.35 billion euros to speed up the closure of their coal-fired …

Germany Plant Utility Companies
EU move vs Amazon is latest in string of tech crackdowns
4 years, 1 month ago

EU move vs Amazon is latest in string of tech crackdowns

Associated Press  

LONDON — The European Union’s move to charge Amazon over alleged antitrust behavior is the bloc’s latest crackdown on U.S. tech giants. ___ APPLE June 2020: EU Commission opens two investigations into Apple’s mobile app store and payment platform over concerns its practices distort competition by limiting choice and innovation and keeping prices high. ___ GOOGLE 2020: The EU commission …

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EU files antitrust charges against Amazon over use of data
4 years, 1 month ago

EU files antitrust charges against Amazon over use of data

Associated Press  

LONDON — European Union regulators filed antitrust charges Tuesday against Amazon, accusing the e-commerce giant of using its access to data from companies that sell products on its platform to gain an unfair advantage over them. The EU’s executive Commission also opened a second investigation Tuesday into whether Amazon favors product offers and merchants that use its own logistics and …

Data Products Amazon New Products Antitrust European Product
EU charges Amazon with anti-competitive action, opens second probe
4 years, 1 month ago

EU charges Amazon with anti-competitive action, opens second probe

The Hindu  

EU regulators charged Amazon on Tuesday with distorting competition in online retail and opened a second investigation into its business practices, as antitrust chief Margrethe Vestager takes aim at another U.S. technology giant. The European Commission has been investigating Amazon's dual role - as a marketplace for merchants and also a rival seller - since July last year, triggered by …

Amazon Vestager
EU hits Amazon with antitrust charges. A huge fine could follow
4 years, 1 month ago

EU hits Amazon with antitrust charges. A huge fine could follow

CNN  

London CNN Business — The European Union has unveiled formal antitrust charges against Amazon for abusing its dominance in online shopping and opened a second investigation into the company’s business practices. Margrethe Vestager, the European Commission’s top antitrust official, accused Amazon on Tuesday of illegally abusing its dominant position as an online marketplace in Germany and France, the company’s biggest …

Amazon Commission
Tougher new rules for tech giants, more power to enforcers, Europe antitrust chief says
4 years, 1 month ago

Tougher new rules for tech giants, more power to enforcers, Europe antitrust chief says

The Hindu  

Tech giants will have to do more to weed out illegal and harmful content while online gatekeepers will be bound by a list of dos and don'ts under new rules aimed at reining in their power, Europe's antitrust chief said on Thursday. European Competition Commissioner Margrethe Vestager also proposed new powers for enforcers to tackle market failures in digital markets …

Markets Digital Markets Act Digital Services Power Europe