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Trudeau accuses Google and Meta of 'bullying tactics' against online news legislation
Jun 08,2023
Canadian Prime Minister Justin Trudeau accused Alphabet's Google and Meta Platforms of employing 'bullying tactics' in their opposition to proposed legislation requiring them to negotiate commercial agreements and pay publishers for their content. Th...
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G7 finance ministers agree on global minimum tax
Jun 05,2023
The Group of 7's (G7) finance ministers have agreed on a global minimum tax, supporting ongoing efforts at the OECD. The agreement signifies an important milestone in negotiations on how to tax the digital economy. The G7 finance ministers' communiqu...
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Agreement on digital tax 'one millimeter away'
Jun 04,2023
French Finance Minister Bruno Le Maire has confirmed that G7 finance ministers 'are just one millimetre away from a historic agreement', after the first of a two-day meeting in London. In a letter published inThe Guardian, France, Germany, Italy and ...
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Facebook faces new antitrust investigation in Europe
Jun 04,2023
The European Commission and the Britain's Competition and Market Authority announced they started separate investigations into Facebook. The inquire aims at assessing whether Facebook's Marketplace strategy is unfair and uncompetitive. The service is...
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BEUC joins EU antitrust case against Apple
Jun 02,2023
The European Consumer Organisation BEUC joined as an interested third party in the European Union antitrust case against Apple. The European Union claims that Apple distorts competition in the music streaming market. The case can lead to a fine of as...
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EC opens consultations on Digital Services Act
Jun 02,2023
The European Commission commenced an open public consultation on the Digital Services Act (DSA) legislative package, expected to be finalized by the end of 2020. The DSA legislative package is expected to reinforce the single market for digital servi...
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OpenAI CEO reverses position: No plans to leave Europe
May 26,2023
OpenAI CEO, Sam Altman, has retracted his previous statement about potentially leaving Europe if complying with forthcoming AI regulations becomes too challenging, clarifying that OpenAI has no intentions of quitting Europe despite initially criticis...
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France, Germany push for global minimum tax
May 26,2023
France and Germany are pushing for an agreement among major economies on a minimum tax rate. Speaking at a joint press conference ahead of the start of the Franco-German Economic and Financial Council, French Finance Minister Bruno Le Maire said...
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Germany starts competition investigation into Google practices
May 26,2023
Germany's competition authority Bundeskartellamt has initiated an investigation into Google's management of data and its consequence to unfair competitive advantage. The authority believes that the vast range of products provided by Google, including...
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Ireland concerned about USA global 15% tax proposal
May 25,2023
Ireland's Finance Minister Paschal Donohoe has said that his country had a 'really significant concern' about the proposal for a global rate of tax, which is being currently discussed among finance ministers of the G7, and more importantly,...
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Meta Platforms loses court case in the EU over data information request
May 24,2023
Meta Platforms' legal challenge against EU antitrust regulators has been unsuccessful as Europe's court upheld the European Commission's request for information regarding its investigation into Facebook's data and online marketplace. Meta complained ...
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MTN South Africa pens mobile money deal with IFC
May 21,2023
South African mobile operator MTN has concluded a deal with the International Finance Corporation (IFC) to develop a mobile money project. As part of this initiative, the MTN is expected to hire 10,000 agents as well as a business development team th...
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