Airbus-Boeing trade war will only benefit China’s COMAC

A tariff dispute between the E.U. and the U.S. does not make business sense it will only benefit competitors, said France’s Finance Minister Bruno Le Maire. In a significant development, French Finance Minister, Bruno Le Maire warned, any escalation in the subsidy row involving Airbus and Boeing is fraught with dangers and risks since it…

European Commission looking to set up ethical guidelines for AI

The European Commission is looking to setup ethical guidelines for artificial intelligence which should be transparent, secure, have human oversight and have reliable algorithms. They should also be subject to privacy and data protection rules. The European Commission stated, companies working with artificial intelligence need to install accountability mechanisms that prevent the misuse of AI.…

European Commission to investigate Microsoft over GDPR compliance

The European Union’s data protection supervisor will investigate whether Microsoft Corp is in compliance with the EU’s new GDPR rules. In a significant development, the European Union’s data protection supervisor disclosed, it has launched an investigation into whether services and products provided by U.S. software giant Microsoft Corp to EU institutions are in compliance with…

European Commission imposed fine of $14.14 million on Nike

According to the 2-year long investigation, Nike blocked cross border sales of soccer merchandise between 2004 to 2017. On Monday, the European Commission imposed a fine of $14.14 million (12.5 million euros) on U.S. sportswear maker Nike for restricting cross-border sales of merchandising products of five European football clubs as well as to a football…

Spotify drags Apple to court over abuse of its in-app purchase system

Apple’s unfair business practices had led Spotify to lodge a complaint with the EU’s antitrust regulators. In a potentially significant development, Spotify has filed a complaint with the European Commission against Apple saying Cupertino unfair business practices limits rivals to its own Apple Music streaming service. According to Spotify’s complaint, “Apple’s control of its App…