A ruling by the Court of Justice of the European Union (ECJ) has stripped Uber of its protections against undue national regulation that digital services enjoy in the Eurozone, under EU law. On Tuesday, in yet another setback to Silicon Valley startup, Uber Technologies Inc, a top EU court ruled that France is entitled to…
Financial misconduct by global banks, since the 2008 financial crisis, has led to the writing-off of $850 billion in profits for the world’s top 50 banks. As per a research report released on Wednesday, since the 2007-2009 financial crisis, European and U.S. regulators have imposed $342 billion in fines on banks, resulting from violations of…
The economic cost of cyber crime in the EU is a whopping $316 billion (265 billion euros). As a means to secure EU nationals from cyber attacks from other nations, the European Commission has decided to bolster cyber security in the bloc and is set to hike up its cyber security spending and unveil stricter…
Among other things – Google and Microsoft share a legacy of battling antitrust cases. Instead of doing the legal equivalent of the ostrich act, Google should recognize the signs and strategically change course. With the European Commission handing down an exemplary fine on Google, the search giant’s clash with antitrust enforcers in the EU has…
Now that there is more clarity on the quality of information gleaned from users, the deal is likely to result in an agreement by summer. In a significant development, Facebook’s European regulator has disclosed that it has reached a deal with the U.S. company which allows for the collection of data from WhatsApp, a messaging…
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