Intel on Wednesday won its fight against a EUR-1.06-billion (roughly Rs. 8,900 crore) EU antitrust fine that the US chipmaker was handed 12 years ago for stifling a rival, in a major setback for EU antitrust regulators. The judgment by Europe’s second-top court in support of Intel’s arguments is likely to cheer Alphabet unit Google in … Read more
Intel still intends to develop European chip manufacturing capacity despite the delayed plans being overshadowed by its announcement on Friday of a more than $20 billion (roughly Rs. 1,49,330 crore) investment in two new US semiconductor plants. The company said in September it could invest as much as $95 billion (roughly Rs. 7,09,370 crore) in Europe over the … Read more
The EU proposed member states stop all flights to and from southern Africa following the discovery of a new Covid-19 variant that scientists fear could beat vaccinations, EU chief Ursula von der Leyen said on Friday. “All air travel to these countries should be suspended until we have a clear understanding about the danger posed … Read more
EU countries on Thursday agreed on a common position on new rules to curb the power of U.S. tech giants and force them to do more to police their platforms for illegal content. However, they will have to iron out the final details with EU lawmakers, who have proposed tougher rules and higher fines. Frustrated … Read more
The government on Wednesday clarified that India does not export genetically modified (GM) rice as there is no commercial variety of such crop in the country and its cultivation is also banned here. The clarification from the commerce ministry came following a news report regarding food recall linked to alleged GM rice from India. “It … Read more
Europe’s drug regulator said on Monday it was evaluating use of the Pfizer-BioNTech COVID-19 vaccine in children as young as five, while also taking steps to aid an increase in production and boost the shot’s reach. The European Medicines Agency said it would review data, including results from an ongoing study, for the vaccine – … Read more
Apple on Wednesday ramped up its criticism of EU draft rules that would force it to allow users to install software from outside its App Store, saying that would boost the risk of cybercriminals and malware. But the Coalition for App Fairness, which includes Spotify, Match Group, and Epic Games, dismissed Apple’s arguments, saying that … Read more
Apple will be hit with an EU antitrust charge over its NFC chip technology, people familiar with the matter said, a move that puts it at risk of a possible hefty fine and could force it to open its mobile payment system to rivals. The iPhone maker has been in European Union antitrust chief Margrethe … Read more
US 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 … Read more
US 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 … Read more