European Commission

In a move that could potentially impact tech giants like Amazon Inc. (NASDAQ:AMZN), Microsoft Corp. (NASDAQ:MSFT), and Alphabet Inc.‘s Google (NASDAQ:GOOGL), the European Union (EU) is reportedly planning to propose stringent criteria for cloud computing services in significant state tenders...

Apple Inc. (NASDAQ:AAPL) has filed an appeal against the €500 million ($586 million) fine imposed by the European Union (EU) over alleged anti-competitive practices on its App Store. What Happened: The EU’s executive arm, the European Commission, previously charged Apple of violating its laws...

The Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) adopted on Friday a positive opinion recommending approval for Madrigal Pharmaceuticals, Inc.’s (NASDAQ:MDGL) resmetirom (Rezdiffra) for adults with noncirrhotic MASH with moderate to advanced...

Economist Peter Schiff has sharply criticized Donald Trump‘s recent decision to postpone threatened 50% tariffs on European products, dismissing the move as a “fake win” that ultimately leaves American consumers footing a higher bill. What Happened: In an X post, Schiff weighed in...

The EU Court of Justice has ruled in favor of Intel (NASDAQ:INTC), concluding a nearly two-decades-long antitrust case with EU regulators. This ruling marks a significant victory for the tech giant against the European Commission’s claims. What Happened: The EU Court of Justice, Europe’...

European Union’s member states have expressed sufficient support for imposing definitive additional tariffs of up to 35.3% on China-made battery electric vehicle imports, the European Commission said in a statement on Friday. What Happened: “Today, the European Commission’s...

Alphabet Inc.'s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google won its appeal against the European Commission's €1.49 billion ($1.66 billion) antitrust fine for anticompetitive practices involving its online search advertising business. What Happened: Luxembourg-based General Court delivered a reprieve to...

European Commissioner Thierry Breton announced his resignation on Monday, expressing his gratitude for the opportunity to serve the European Union. What Happened: Breton took to X on Monday to announce his departure from his position as European Commissioner. He expressed his deep appreciation for...

The European Union has decided to slash tariffs on electric cars made by Tesla Inc. (NASDAQ:TSLA) in China, a move that could potentially reshape the electric car market in the region. What Happened: The EU has lowered the tariffs on Tesla’s China-made electric vehicles, setting them...

Brussels has accused Apple Inc. (NASDAQ:AAPL) of violating European Union regulations. The tech giant could face a penalty of up to 10% of its global annual revenue. What Happened: Belgium has accused Apple of stifling competition on its app store, marking the first time EU regulators have used new...

Amid ongoing trade tensions, the CEO of Mercedes-Benz has made a public plea for the European Union to reconsider its stance on tariffs for Chinese electric vehicles. This comes at a critical time when the European Commission is actively investigating the impact of Chinese subsidies on the...

The European Commission President Ursula von der Leyen has suggested using Russia’s frozen assets to provide military support to Ukraine, which is grappling with a severe ammunition shortage due to Russia’s military aggression. What Happened: In a speech to the European Parliament on...

The European Union’s (EU) reputation as a global environmental leader is being challenged as it backtracks on its climate policies in response to widespread farmer protests. What Happened: The EU’s executive arm, the European Commission, has decided to revise its climate policies,...

The European Union's competition watchdog is poised to reject Amazon.com Inc's (NASDAQ: AMZN) ambitious $1.7-billion acquisition of iRobot Corporation (NASDAQ: IRBT), the company known for its Roomba vacuum cleaners. This decision marks a potential halt to one of Amazon's major...

In a recent move, the European Commission has sought information from 17 tech behemoths, including Apple, Amazon, Microsoft, and Meta, under the EU’s Digital Services Act (DSA). What Happened: The European Commission, as per a Reuters report on Thursday, has dispatched information requests...