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European Commission is set to criticise Italy for weak industrial strategy
The Commission will criticise Italy’s lack of robust industrial plans and calls for measures to incentivise investment in capital markets as well as reform of tax system, in country-specific recommendations to be published tomorrow. The European Commission will urge Italy to adopt an industrial strategy aimed at reducing territorial disparities, reform its tax system, and strengthen its capital market, according to a document seen by Euronews. The recommendations are set to be published on 3...
European Commission responds to Italy's call for energy cost relief flexibility
The measures indirectly address Italy's request that the Commission relax its fiscal rules to allow member states to tackle rising energy prices without incurring excessive debt and risking penalties. The European Commission is set to allow limited energy-related spending from fiscal rules to give EU countries more leeway to address soaring prices. The measures announced by the EU executive on Wednesday are an attempt to reassure fiscally conservative capitals struggling with skyrocketing...
EU proposes to block foreign providers using ‘kill switch’ to disrupt vital tech across Europe
European Commission aims to reduce ‘risky dependencies’ on foreign suppliers in cloud computing, AI and semiconductor productionThe EU executive wants to ensure no foreign government or company has access to a “kill switch” to turn off or disrupt vital tech services across the continent, as part of an effort to cut dependencies on the US and China. Publishing “technological sovereignty” proposals that risk further tensions with Donald Trump, the European Commission said on Wednesday the bloc...
Lawmakers pile pressure on Commission over AI envoy appointment
Dozens of European Parliament lawmakers have pressed the European Commission for more details on the appointment of Siemens chair Jim Hagemann Snabe as the Commission’s AI envoy, citing conflict-of-interest concerns. Forty lawmakers, mainly from the Greens, Socialists & Democrats, Renew and The Left, asked for the “mandate, selection and conflict-of-interest assessment” behind the appointment of the chair of Siemens’ supervisory board as the Commission’s...
'The United States scares me,' former Commission deputy boss Vera Jourová tells Euronews
Exclusive: Former European Commission Vice-President Vera Jourová said the current US administration "scares" her more than the challenges posed by Russia or China. Vera Jourová, who oversaw rule of law and values during her time at the European Commission, has told Euronews that the current US administration worries her more than the threats posed by Russia or China. "In foreign policy, honestly, it's the United States which scares me," she said in comments to the Europe Today news programme.
EU Commission to defend Spain in €106m US energy lawsuit
When firm Blasket Renewables sought to enforce compensation in a US court, the European Commission argued that Spain could not legally pay it, highlighting a clash between international arbitration and EU law. The European Commission is seeking permission from the European Council to defend Spain from a €106 million lawsuit brought in a US court under the Energy Charter Treaty (ECT) which could put Madrid in breach of EU state aid rules, according to a document seen by Euronews. The ECT is a...
EU targets Big Tech dependence with 'made-in-Europe' drive
EU targets Big Tech dependence with 'made-in-Europe' drive BRUSSELS, June 3 : The European Commission proposed new laws on Wednesday to boost domestic cloud, AI and semiconductor industries, aiming to cut reliance on U.S. Big Tech in a move that could ratchet up transatlantic tensions. The Cloud and AI Development Act and Chips Act 2.0 form part of Europe's push for technological sovereignty and its efforts to close the gap with U.S. and Chinese rivals.
The European Union reveals details of its tech sovereignty package
The European Union reveals details of its tech sovereignty package New proposals will see the EU further invest in European startups and companies as it looks to strengthen its homegrown tech footprint. The European Commission has announced a new European Technological Sovereignty Package, designed to further reduce its reliance on foreign tech. The EU wants to focus on building out Europe's capacity in areas such as semiconductors, AI, cloud computing and open-source projects.
EU wants African sunlight to power Europe’s electric revolution
BRUSSELS — The European Union is betting that the future of its energy system lies under the North African sun. On Tuesday, the European Commission pledged €5 billion of EU money to renewables projects in North Africa and the Middle East, which could feed electricity back into Europe’s grid. The dream is that solar panels in the sun-soaked Sahara Desert and wind turbines along the southern and eastern shores of the Mediterranean generate electricity that is then sent through high-voltage...
EU plots long game against US digital supremacy
BRUSSELS — The EU is moving to counter American dominance in technology by reaching for one of the oldest tools in its arsenal: industrial strategy. As the European Commission unveiled a plan Wednesday to reduce Europe’s reliance on the foreign technology providers that underpin the modern economy, it was careful to stress that it was not picking a fight with U.S. digital giants. Instead, the tech sovereignty package — motivated in no small part by U.S. President Donald Trump’s weaponization...