Explore

Rapid Read Rapid Read
EU Watchdog Approves Foxconn and Telia Ventures, Ensuring Market Competition

EU Watchdog Approves Foxconn and Telia Ventures, Ensuring Market Competition

The European Commission has approved two significant merger cases involving Foxconn and Telia, under EU merger rules. Foxconn, officially known as Hon Hai Precision Industry Co., Ltd, is set to form a joint venture with Mitsubishi Fuso Truck and Bus Corporation, which is controlled by Germany's Daimler Truck AG. This venture focuses on the manufacture and supply of heavy and light buses. The Commission determined that this transaction would not raise competition concerns due to its limited impact on the European Economic Area. In a separate decision, Telia Company AB of Sweden and Brookfield Asset Management Ltd of Canada have been cleared to jointly control Valokuitunen Oy of Finland. This transaction pertains primarily to wholesale fixed internet access, which other providers can purchase to offer broadband services to homes and businesses. The Commission found no competition concerns here either, as the joint venture has minimal activities in the European Economic Area. Both cases were reviewed under th...
Reuters Reuters
Europe invested 200 billion euros so far to boost EV sector, New Automotive data shows

Europe invested 200 billion euros so far to boost EV sector, New Automotive data shows

May 11 (Reuters) - Countries of the European economic area and Switzerland have committed almost 200 billion euros ($235 billion) of investments into their electric vehicle ecosystem, data from New Automotive showed on Monday.
Trendline Trendline
Lumen Technologies Expands Network with NorthLine Fiber Route to Enhance Connectivity

Lumen Technologies Expands Network with NorthLine Fiber Route to Enhance Connectivity

Lumen Technologies Expands Network with NorthLine Fiber Route to Enhance Connectivity
Trendline Trendline
Lufthansa Group Acquires Majority Stake in ITA Airways, Expanding European Influence

Lufthansa Group Acquires Majority Stake in ITA Airways, Expanding European Influence

Lufthansa Group Acquires Majority Stake in ITA Airways, Expanding European Influence
Rapid Read Rapid Read
OpenAI to Provide EU Access to New Cyber Model Amid Anthropic's Hesitation

OpenAI to Provide EU Access to New Cyber Model Amid Anthropic's Hesitation

OpenAI has announced its decision to grant the European Union access to its latest cyber model, GPT-5.5-Cyber, as part of ongoing discussions with the EU. This model, a variation of OpenAI's latest AI technology, will be available to European partners, including businesses, governments, and cyber authorities. The move comes as Anthropic, another AI company, has yet to provide the EU with access to its own model, Mythos, which was released a month ago. The European Commission has welcomed OpenAI's transparency and is planning further discussions to address security concerns related to the deployment of the model. While OpenAI's engagement with the EU is progressing, Anthropic's discussions with the bloc are reportedly at a different stage.
Rapid Read Rapid Read
European Commission's Steel Measures May Undermine Trade Objectives

European Commission's Steel Measures May Undermine Trade Objectives

The European Commission has proposed new 'melt-and-pour' measures aimed at enhancing transparency and traceability in steel imports. Starting October 2026, importers will need to provide evidence of the country where raw steel or iron is first produced in liquid form and cast into its primary solid state. This information will not be used directly by importers to draw on quota but will help establish country-specific quota amounts from October 2027. The measure sets tariff-free quotas at 18.3 million tonnes per year, with an out-of-quota duty of 50% for 30 categories of steel products imported into the EU. Philippe Heeren, a regulatory partner at Reed Smith, expressed concerns that these measures could potentially undermine the objectives of the new rules, particularly affecting partner countries that do not contribute to global overcapacity.
Trendline Trendline
AST SpaceMobile Reports First Quarter 2026 Results and Network Expansion Plans

AST SpaceMobile Reports First Quarter 2026 Results and Network Expansion Plans

AST SpaceMobile Reports First Quarter 2026 Results and Network Expansion Plans
Reuters Reuters
EU targets social media to protect children, von der Leyen says

EU targets social media to protect children, von der Leyen says

BRUSSELS, May 12 (Reuters) - The European Union is working on regulations to reign in on social media's business models to protect children and youth, European Commission's President Ursula von der Leyen said on Tuesday.
Reuters Reuters
Starlink rival Eutelsat's Q3 revenue meets forecasts as LEO growth offsets video decline

Starlink rival Eutelsat's Q3 revenue meets forecasts as LEO growth offsets video decline

By Gianluca Lo Nostro May 12 (Reuters) - European satellite operator Eutelsat on Tuesday reported third-quarter revenue broadly in line with market expectations, as growth in its low Earth orbit internet business helped offset continued weakness in video.
Rapid Read Rapid Read
China's First European Electric Car Plant Faces Worker Abuse Allegations

China's First European Electric Car Plant Faces Worker Abuse Allegations

China's first electric car plant in Europe, located in Szeged, Hungary, is under scrutiny following allegations of worker abuse. The plant, operated by BYD, a Chinese carmaker, is accused of violating EU labor laws, including instances of seven-day work weeks, recruitment-related debt, excessive overtime, and visa breaches among Chinese migrant workers. These allegations were brought to light by China Labor Watch, a New York-based rights organization, which interviewed over 50 migrant workers. The European Commission is aware of the allegations and has noted that there is a pending case before the Hungarian labor inspectorate. The plant, set to open in 2027, is part of a broader strategic partnership between Hungary and China, initiated by former Hungarian leader Viktor Orbán.
Trendline Trendline
Harmonic Expands Beyond Comcast and Charter, Diversifies Customer Base

Harmonic Expands Beyond Comcast and Charter, Diversifies Customer Base

Harmonic Expands Beyond Comcast and Charter, Diversifies Customer Base
Rapid Read Rapid Read
OpenAI to Provide EU Access to New Cyber Model Amid Anthropic's Holdout

OpenAI to Provide EU Access to New Cyber Model Amid Anthropic's Holdout

OpenAI has announced plans to grant the European Union access to its new cyber model, GPT-5.5-Cyber, which is a variation of its latest AI model. This decision comes as Anthropic continues to withhold its Mythos model from the EU. OpenAI's model will be available to European partners, including businesses, governments, and cyber authorities, in a limited preview capacity. The European Commission has welcomed OpenAI's transparency and is in discussions to ensure close monitoring of the model's deployment to address security concerns. Meanwhile, Anthropic's discussions with the EU regarding Mythos are ongoing but have not reached the same level of progress as those with OpenAI.