Business

Europe's battle to curb Big Tech

US tech giants Google, Apple, Facebook, Amazon and Microsoft have been accused of not paying enough taxes, stifling competition, stealing media content and threatening democracy by spreading fake news.

Business

Philips take hit by supply problems, respirator recall

Philips on Monday reported net losses of over 150 million euros in the first quarter of 2022 as the Dutch health technology firm battled a faulty respirator recall and supply chain problems.

Business

Fiat Chrysler posts weaker sales, higher net profit

Fiat Chrysler (FCA) has been hit by slowing sales that have afflicted the car industry worldwide, but the Italian-US automaker said Wednesday that it nonetheless managed to boost second-quarter profits.

Business

France fines Google, Amazon 135 mn euros

France's CNIL data privacy watchdog slapped 135 million euros in fines on US tech titans Google and Amazon for placing advertising cookies on users' computers without consent.

Business

Amazon to invest extra 10 bn euros in Germany

Amazon said Wednesday it will invest an additional 10 billion euros ($10.7 billion) in Germany, most of it in cloud computing, the US tech giant's latest major investment in Europe.

Business

EU moves closer to launching digital euro

The EU on Wednesday took its first significant step towards launching a digital version of the euro, a controversial project that has been questioned by politicians and banks.

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