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Temu's Dublin office raided by EU regulators on Chinese subsidy concerns

Temu's Dublin office raided by EU regulators on Chinese subsidy concerns

BRUSSELS, Dec 10 (Reuters) - Temu's European headquarters in Dublin were raided by EU regulators last week on concerns about potential Chinese state subsidies granted to the online retailer, a subsidiary of China's ecommerce giant PDD Holdings, a person familiar with the matter said on Wednesday.
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Australia social media watchdog sees common cause with US as age ban begins

Australia social media watchdog sees common cause with US as age ban begins

By Byron Kaye SYDNEY, Dec 10 (Reuters) - The regulator overseeing Australia's world-first teenage social media ban rejected the "technological exceptionalism" championed by mostly U.S.-based platforms and said a groundswell of American parents wanted similar measures. eSafety Commissioner Julie
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Exclusive-Google faces fines over Google Play if it doesn't make more concessions, sources say

Exclusive-Google faces fines over Google Play if it doesn't make more concessions, sources say

By Foo Yun Chee BRUSSELS, Dec 10 (Reuters) - Alphabet's Google is set to be hit with a potentially large EU fine early next year if it does not do more to ensure that its app store complies with EU rules aimed at ensuring fair access and competition, people with direct knowledge of the matter said.
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EU Council President Rejects U.S. Interference in European Politics

EU Council President Rejects U.S. Interference in European Politics

EU Council President António Costa has rejected the Trump administration's new national security strategy, which he perceives as an affront to European sovereignty. Costa emphasized that the U.S. should not interfere in European political affairs, asserting that decisions about governance should be made by European citizens. The strategy, which criticizes European institutions and policies, has been met with concern in Brussels. Costa's remarks underscore the importance of European autonomy in decision-making, despite the value placed on transatlantic partnerships.
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Nick Clegg joins VC firm HIRO Capital to target spatial AI opportunities

Nick Clegg joins VC firm HIRO Capital to target spatial AI opportunities

By Paul Sandle LONDON, Dec 10 (Reuters) - Nick Clegg, the former president of global affairs at Meta and deputy prime minister of Britain, has joined founder-led venture capital firm HIRO Capital to invest in spatial AI innovation in Europe, the firm said on Wednesday.
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ECB may lift growth outlook again, Lagarde says

ECB may lift growth outlook again, Lagarde says

FRANKFURT, Dec 10 (Reuters) - The euro zone economy is proving resilient to trade tensions and the bloc is growing close to its potential, which could prompt the European Central Bank to lift growth projections next week, ECB President Christine Lagarde said on Wednesday.
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Australia social media ban takes effect in world first

Australia social media ban takes effect in world first

SYDNEY, Dec 10 (Reuters) - Australia at midnight (1300 GMT) on Wednesday became the first country in the world to ban social media for children under 16, blocking them from platforms including TikTok, Alphabet's YouTube and Meta's Instagram and Facebook.
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Australia social media ban set to take effect, sparking a global crackdown

Australia social media ban set to take effect, sparking a global crackdown

By Byron Kaye SYDNEY, Dec 9 (Reuters) - Australia is set to become the first country to implement a minimum age for social media use on Wednesday, with platforms like Instagram, TikTok and YouTube forced to block more than a million accounts, marking the beginning of an expected global wave of
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Italy sets tough terms on personal data protection to clear Chinese JD.com's takeover of Ceconomy

Italy sets tough terms on personal data protection to clear Chinese JD.com's takeover of Ceconomy

By Giuseppe Fonte ROME, Dec 9 (Reuters) - Italy has set tough terms on personal data protection to clear Chinese e-commerce giant JD.com's takeover of German electronics retailer Ceconomy, a government decree seen by Reuters showed on Tuesday.
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European CEOs downbeat on Europe, favour US investment, survey shows

European CEOs downbeat on Europe, favour US investment, survey shows

BRUSSELS, Dec 7 (Reuters) - Chief executives of large European companies are downbeat on Europe's economic prospects, albeit less so than six months ago, and have become more bullish about investing in the U.S. than at home, according to a survey published on Sunday.
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European CEOs Favor U.S. Investment Over Europe Amid Economic Concerns

European CEOs Favor U.S. Investment Over Europe Amid Economic Concerns

European CEOs Favor U.S. Investment Over Europe Amid Economic Concerns
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The Latest: Supreme Court likely to back Trump’s power to fire independent agency board members

The Latest: Supreme Court likely to back Trump’s power to fire independent agency board members

The U.S. Supreme Court seems likely to expand presidential control over independent federal agencies, signaling support for President Donald Trump’s firing of board members