Tag Archives: eu

Google, Facebook Tax to Be Proposed by EU in 2018: Juncker

The EU will propose a new tax on tech giants such as Google and Facebook next year despite opposition by several states that fear a blow to their economies, European Commission chief Jean-Claude Juncker said Friday. Championed by French President Emmanuel Macron, the new tax on digital multinationals will target revenue generated in an EU country, instead of on profits that are booked in ... Read More »

Alphabet Sees Boost in Mobile Ads as It Takes Hit From Record EU Fine on Google

Google parent Alphabet on Monday saw shares slide as the market reacted to a massive fine by the European Commission and word that success in mobile, cloud and YouTube is coming with higher costs. Alphabet reported a quarterly profit of $3.5 billion (roughly Rs. 22,532 crores), in a sharp decline from a year ago, with a $2.74 billion antitrust fine in Europe biting into earnings. The technology giant reported ... Read More »

Tencent’s Honor of Kings to Launch in US, EU Amid Regulatory Chill in China

Chinese gaming giant Tencent Holdings Ltd will launch its mega-hit smartphone game “Honor of Kings” in the EU and United States this year, a person familiar with the plans said, amid a backlash in China over its addictive features. The game has roughly 55 million daily active users and analysts estimate its monthly revenue is more than CNY 1 billion ($147.09 million), ... Read More »

Social Media Firms Have Increased Removal of Hate Speech, Says EU

HIGHLIGHTS EU said that social networks have improved in removing hate content EU earlier ordered social sites to delete all objectionable content Germany even threatened to fine EUR 50 million for the same Social media companies like Facebook, Twitter and Google’s YouTube have stepped up both the speed and number of removals of hate speech on their platforms in response ... Read More »

EU Privacy Watchdogs Warn WhatsApp on Privacy Policy, Yahoo on Breach

HIGHLIGHTS EU sent letters to WhatsApp and Yahoo Said they had concerns about WhatsApp’s recent change in privacy policy Asked Yahoo to communicate all aspects of the data breach European privacy watchdogs said on Friday they had sent letters to WhatsApp over its sharing of information with parent company Facebook and Yahoo over a 2014 data breach and its scanning ... Read More »

EU Aims for Tougher Scrutiny of Silicon Valley Data-Heavy Deals

The European Union may include purchase prices in the criteria used to trigger its antitrust probes, aiming to catch more data-heavy transactions in serious merger reviews in another warning shot to Silicon Valley. The European Commission said Friday the EU’s revenue-based rules mean some deals can currently avoid scrutiny when the target company doesn’t have significant sales even if it ... Read More »

Microsoft Seeks EU Approval for $26 Billion LinkedIn Acquisition

Microsoft sought EU antitrust approval on Friday for its $26 billion bid for social network LinkedIn, a spokesman said on Friday, kicking off a month-long review by regulators of its largest deal. “We filed today,” company spokesman Robin Koch said. He said the European Commission has set a November 22 deadline to examine the case. The EUcompetition authority can either clear ... Read More »

US Slams EU, but Apple Tax Demand First Issued in Washington

US Slams EU, but Apple Tax Demand First Issued in Washington HIGHLIGHTS The US Treasury said Commission ruling endangers EU-US economic relations Amazon and McDonald’s are still being investigated A series of EU accusations that Google has abused its market power The United States is furious at the European Union for handing Apple a $14.5 billion tax demand on Tuesday ... Read More »

EU Mulls Stricter Controls on WhatsApp, Skype

The European Union will in September propose subjecting internet services like WhatsApp and Skype to similar rules as traditional telecommunications companies, a spokesman said Wednesday. The European Commission, the executive arm of the 28-nation bloc, is set to recommend tighter privacy and security for services like Facebook-owned message service WhatsApp and Microsoft’s video phone portal Skype. Spokesman Christian Wigand said ... Read More »

facebook, Twitter, YouTube, Microsoft back eu Hate Speech regulations

internet giants facebook, Twitter, YouTube and Microsoft signed up Tuesday to a brand new ecu code ofconduct against hate speech, the european commission said. the us–primarily based firms have agreed to hurry up their reactions while unlawful material is flagged up, with the goal of looking in any respect suspicious cloth inside 24 hours. “The latest terror attacks have reminded ... Read More »