E.U
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Blog
E.U. Partners With Venture Capital Firms to Boost Tech Investment
The European Union has announced that it is teaming up with 71 investors that will co-invest in innovative tech projects in the region. Together, the venture capital funds, public investment banks, foundations, and corporate venture funds represent over €90 billion of assets. The so-called “Trusted Investors Network” was launched on Monday to help finance “high-risk deep tech companies that have…
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Google, Meta Criticise U.K. and E.U. AI Regulations
Google and Meta have both openly criticised European regulation of artificial intelligence this week, suggesting it will quash the region’s innovation potential. Representatives from Facebook’s parent company along with Spotify, SAP, Ericsson, Klarna, and more signed an open letter to Europe expressing their concerns about “inconsistent regulatory decision making.” It says that interventions from the European Data Protection Authorities have…
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Google Overturns €1.5 Billion E.U. Antitrust Fine
Google has successfully overturned a €1.5 billion antitrust fine it was handed by the European Commission five years ago. Judges at the European General Court annulled the decision because the Commission had made errors in its assessment of the company’s advertising contracts. Specifically, the Commission had not demonstrated that Google’s contracts with publishers had potentially deterred innovation, helped the company…
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Apple Must Pay Back €13 Billion in Unpaid Taxes to Ireland, E.U. Court Rules
Apple has been ordered to pay back €13 billion ($14.4 billion) worth of tax to Ireland by the European Court of Justice. Two of its subsidiaries illegally received tax benefits between 1991 and 2014, as these benefits were not available to other companies. Ireland issued tax rulings favouring Apple Sales International and Apple Operations Europe in 1991 and 2007, respectively.…
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