EU opens new probe into TikTok data transfer to China
An Irish regulator helping police European Union data privacy said Thursday it had launched an investigation into TikTok over the transfer of European users’ personal data to servers in China. TikTok was fined 530 million euros ($620 million) in May by the Data Protection Commission over sending personal data to China, though the Chinese social […]
EU crypto regulation hampered by national flaws
The first EU-wide cryptocurrency regulation was meant to impose some harmony, but disparities in implementation by member countries has allowed companies to exploit a flaw in the system. Launched in December, Markets in Crypto-Asset (MiCA) insists on service providers obtaining a licence to operate legally in the European Union. It is issued once specific criteria […]
EU fines Meta $840 million for ‘abusive’ Facebook ad practices
The EU fined online giant Meta almost 800 million euros on Thursday for breaching antitrust rules by giving users of its Facebook social network automatic access to classified ads service Facebook Marketplace. The European Commission said the US tech titan also abused its dominant position by imposing unfair trading conditions on other online classified ads […]
EU adopts extra tariffs of up to 35.3% on Chinese EVs
The EU on Tuesday decided to slap hefty tariffs on Chinese-made electric cars after an anti-subsidy probe concluded Beijing’s support to local manufacturers was unfair. The extra taxes have been controversial, with strong opposition from Germany and Hungary amid fears of provoking China’s ire and setting off a bitter trade war. Beijing slammed the European Union’s […]
