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The Latest Breaking News from Margrethe Vestager

Once The Bane Of Big Tech, Vestager's Star Wanes

Margrethe Vestager is preparing to return to her day job as the European Union's competition chief after a hard-fought and ultimately unsuccessful bid to lead the bloc's lender.

International Business Times

Spain's Calvino Beats Vestager To Head Bloc's Lender

Spain's economy minister Nadia Calvino on Friday won the race to lead the European Investment Bank, the bloc's lending arm whose significance has grown since war broke out in Ukraine.

International Business Times

Viktor Orbán doubles down on opposition to Ukraine’s EU accession talks – as it happpened

He insisted that Hungary opposes opening accession talks because Ukraine is not ready and due to the economic impact on the EU

The Guardian - UK

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‘No turning back’: how the Ukraine war has profoundly changed the EU

Russia’s invasion has had a major impact on the bloc’s security and energy policies – and even its very raison d’être

The Guardian - UK

US economist turns down top EU job after political outcry

US economist Fiona Scott Morton has decided not to take up a job advising the European Commission, offered to her by EU competition commissioner Margrethe Vestager. Her decision comes after French president Emmanuel Macron expressed doubts about hiring an American for the role.

Radio France Internationale

US economist pulls out of key EU tech regulation role after Macron criticism

Fiona Scott Morton tells Margrethe Vestager she will not be taking up job due to ‘political controversy’

The Guardian - UK

Appointment of American by EU directorate ‘dubious’, says Macron

French president wades into transatlantic row over selection of Fiona Scott Morton as bloc’s chief competition economist

The Guardian - UK

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EU regulator faces questions over appointment of US economist

French politicians want the European Commission to reconsider its decision to hire an American economist for a key post in its competition department, which oversees European Union efforts to regulate American tech giants.

Radio France Internationale

EU Commission rebuffs Paris demand to 'reconsider' American hire

The European Commission on Friday rejected a demand from France that it "reconsider" its appointment of an American to the key position of chief economist in the EU executive dealing with the regulation of US tech giants.

Radio France Internationale

EU unveils plans to avoid economic risks when dealing with Russia, China

The European Union unveiled a proposal on Tuesday to protect the bloc’s economies from risks posed by unreliable suppliers in countries that do not share its values, such as China, after the war in Ukraine exposed Europe’s dependency on Russia for oil and gas.

Radio France Internationale

Google’s Dominance In Ad Tech Under Scrutiny, EU Alleges Antitrust Breach, Suggests Compulsory Divestment

Alphabet Inc's Google has been accused by the European Union of violating antitrust regulations in the field of advertising.

Zenger

Google charged by EU with abusing its ad tech dominance

Google was accused of abusing its dominance over advertising technology to crush competition as the European Union fired off an antitrust charge sheet that threatens a breakup of parts of the lucrative business, kicking off a process that could take years to resolve.

Tribune News Service

Google risks break up as EU attacks abuse of ad tech power

Google was accused of abusing its dominance over advertising technology to crush competition, as the European Union fired off an antitrust charge sheet that strikes at the heart of the U.S. firm’s sales model and threatens a selloff of the lucrative business.

Tribune News Service

EU regulator orders Google to sell part of ad-tech business

Competition commission accuses firm of favouring its own services to detriment of rivals

The Guardian - UK

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Fortune

Google may be forced to sell off some of its most prized businesses

The European Commission may force Google to sell off some of its most prized businesses.

The Guardian - UK

Discrimination is a bigger AI risk than human extinction – EU commissioner

Commissioner says existential threat unlikely, but ‘guardrails’ needed for decisions affecting livelihoods

Reuters

Factbox-Governments race to regulate AI tools

Rapid advances in artificial intelligence (AI) such as Microsoft-backed OpenAI's ChatGPT are complicating governments' efforts to agree laws governing the use of the technology.

ABC News

EU, US move to quickly draft AI code of conduct, as experts warn of 'extinction' risk

The European Union and the United States say they expect to draft a voluntary code of conduct on artificial intelligence "within weeks" in the hope that other democracies will sign on.

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Reuters

US, EU agree firm stance on China at trade, tech meeting

The United States and the European Union pledged on Wednesday to join forces to counter China's non-market economic practices and disinformation, particularly over Russia's invasion of Ukraine.

The Independent UK

US, Europe working on voluntary AI code of conduct as calls grow for regulation

The United States and Europe are drawing up a voluntary code of conduct for artificial intelligence, with a draft expected in weeks

The New Daily

‘We need to act now’: EU tech chief says AI code of conduct imperative

The US and European Union should push the artificial intelligence industry to adopt a voluntary code of conduct within months.

Asharq Al-Awsat

G7 Should Adopt ‘Risk-Based’ AI Regulation, Ministers Say

Group of Seven advanced nations should adopt "risk-based" regulation on artificial intelligence, their digital ministers agreed on Sunday, as European lawmakers hurry to introduce an AI Act to enforce rules on emerging tools such as ChatGPT. But such regulation should also "preserve an open and enabling environment" for the development…

Reuters

G7 should adopt 'risk-based' AI regulation, ministers say

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