The EU is not alone in questioning Broadcom’s trade practices: the U.S. Federal Trade Commission is also scrutinizing its business practices. The European Commission is scrutinizing Broadcom Inc’s trade practices over the possible usage of its market dominance to pressure customers to purchase its semiconductors. According to a report from Bloomberg, which cites people familiar…
BMW’s Oxford plant in southern England, which produced 60% of its vehicles in 2017, will take a significant hit. On Tuesday, BMW’s CEO Harald Krueger stated, he sees a 50% chance of Britain leaving the European Union without a trade agreement. In the case of a disorderly exit, BMW will be forced to shift more…
The disclosure by the European boss of the PSA Group makes it clear that a cliff hanger Brexit would be detrimental to its car production line in the UK. On Tuesday, Maxime Picat, the European boss of the PSA Group stated, if Britain were to leave the European Union without a deal and if the…
With the automotive industry witnessing a shift towards greener, eco-friendly forms of mobility, the European Union must develop and ramp up the strategic production of battery cells productions to stay relevant and ahead of the competition, opined Merkel. On Tuesday, German Chancellor Angela Merkel said, it is “extremely important” that the European Union develops its…
The development is aimed at placing Europe on par with the U.S. and China vis-a-vis 5G. While the U.S. and China have moved rapidly to deploy the nascent 5G technology, Europe is not one to be left behind. Although the development of 5G mobile networks are still nascent, so as to develop them further Telecom…
Although the ruling should provide smartphone makers the ability to develop phones based on Amazon’s Fire OS, Google limits the adoption of such forks, as termed in the industry, through its licensing model. Essentially, the ruling is not likely to significantly change Google’s licensing model and the revenues derived from it. With the European Union’s…
In recent weeks some of the biggest companies operating in Britain have been critical of a lack of clarity in Brexit’s outcome. On Thursday, Jaguar Land Rover, Britain’s biggest carmaker stated, if the negotiations between Britain and the European Union were to result in a so-called “hard Brexit” it would cost it $1.59 billion (1.2…
Hailed as a model for personal data protection, the GDPR ramps up protection for online privacy for citizens across the European Union. On Friday, new privacy regulations will come effect across the Eurozone. Companies will now have to comply with tougher privacy rights of their customers and provide them ways to better handle and control…
The measures proposed by the European Commission includes, blocking laws that ban EU firms to comply with U.S. sanctions law, not recognizing court ruling that enforce American penalties, start the legal process of working with Iran’s central bank and allowing EU banks to fund the projects of EU companies in Iran. On Friday, the European…
11% of Germany’s total exports are destined for the U.S. On Monday, Carl Martin Welcker, the head of Germany’s engineering trade body stated a fresh attempt should be made at hammering out a free trade agreement between the European Union and the United States. Last month, U.S. President Donald Trump had announced a 10% tariff…
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