Facebook, Google, Microsoft, Apple, Huawei, and Amazon top EU lobbying spending

According to the results of a study released on Tuesday, Facebook Inc, Google and Microsoft Corp are the three biggest lobbying spenders in Europe as they battle new laws aimed at curbing their influence on social media. Such lobbying efforts are a wake-up call for EU policymakers to further beef up the draft laws and…

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Nvidia Corp’s acquisition of Arm will harm competition: Elon Musk

Tesla’s CEO Elon Musk has been quoted by the Telegraph as saying, he is concerned over Nvidia Corp’s planned acquisition of British chip designer Arm since it could impact competition. Telegraph’s report also mentions that Amazon.com Inc and Samsung Electronics Co Ltd have also raised opposition to the deal with U.S. authorities. Earlier this year, the US FTC…

Porsche AG sets up joint venture with Customcells for producing high performance batteries

In a statement, Volkswagen’s sports car unit Porsche AG said it is setting up a joint venture with Customcells to produce high-performance batteries which purportedly will significantly decrease battery charging times. The statement mentions that the partnership with Customcells, a company which specializes in producing lithium-ion cells, is aimed at producing car batteries with higher energy…

Germany gathers speed in green financing norms

In a significant development, a strategic plan by the German government sees offshoots in new green financing norms aimed at steering capital towards environmental projects and developing Germany into a leading hub for sustainable finance. The Sustainable Finance Strategy which plans on listing 26 individual measures is scheduled to be adopted by the cabinet on…

Apple’s latest operating system non-compliant with EU privacy requirements: France Digitale

On Tuesday, France Digitale, the country’s leading startup lobby is preparing to file a complaint against Apple with French data privacy watchdog CNIL alleging that the iPhone maker breached European Union rules. France Digitale’s seven page complaint against Apple, is backed by most French digital entrepreneurs and venture capitalists; the complaint alleges that Apple’s latest…

Deutsche Bahn & Siemens Mobility developing green hydrogen powered train engines

In a significant development, Deutsche Bahn and Siemens Mobility have started developing hydrogen-powered fuel cell trains as well as filling station; trials for the same will commence in 2024. In time these will replace diesel powered train engines on Germany’s local rail networks. A prototype, which will be built by Siemens, will be based on…

EU’s antitrust chief Margrethe Vestager eyes Amazon over usage of market sensitive merchant data

According to a source familiar with the matter at hand, online retail giant is set to face antitrust charges from the European Commission over its usage of merchant data, said EU’s antitrust chief Margrethe Vestager. The European Commission has been investigating the online retailer’s dual role, of that of a marketplace for merchants as well…