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Armin Papperger says EU states need to spur consolidation to rival US groups
...The union is one of the largest, representing around 185,000 employees in the tech, telecoms, banking and financial services industries, Some union member data was held within the targeted systems, they...
...It has sought to encourage AI companies and researchers to the country with policies that speed up immigration, and research and development credits....
...The 27-member bloc will force large tech companies next month to comply fully with its Digital Markets Act, aimed at opening markets in the region....
...Women are still being discouraged from tech subjects from their early years, according to Donald, meaning there are fewer female workers with tech skills....
...While the guidelines are broadly drafted, the code is legally enforceable as part of the Digital Services Act, a core piece of legislation aimed at setting the rules on how Big Tech should police the internet...
...All tech products involve trade-offs, he says....
...“European start-ups being bought by Big Tech companies just became a less viable path,” said a seasoned adviser to Big Tech groups in Brussels....
Tech chiefs warn that power-hungry data centres are a bottleneck in developing AI
...Gatekeeper ban: Tech giant Amazon’s lobbyists are to be banned from the European parliament as part of an escalating dispute over transparency and working conditions....
...It has become one of Germany’s most high-profile tech investors, with €400mn in assets under management....
...“[Ant’s] corporate governance is [now] more balanced and optimised,” said Dong Ximiao, a senior researcher at Merchants Union Consumer Finance....
...If we want a competitive European economy, if we want European start-ups to scale up at home, if we want to invest in European green tech, clean tech and biotech — then the capital markets union isn’t an...
...After years of under-investment, the EU is recognising the enormous new capital resources needed to achieve a decarbonised, high-tech society able to protect its security and economic interests....
...Apple’s changes come as big tech groups caught by the EU’s Digital Markets Act have been keen to show how they are complying with the rules....
...As big cloud computing vendors, Microsoft, Amazon and Google have also thrown in computing credits instead of cash in some cases....
...Some big companies have already put carbon removal at the centre of their climate strategies — notably Microsoft and other tech giants like Google and Stripe....
...Trade links My FT colleague Martin Sandbu takes aim at the common idea that Chinese overcapacity in green tech is a bad thing....
...Outside tech, class A shares of Warren Buffett’s Berkshire Hathaway rose 1.2 per cent to a new peak, while credit card group Visa rode an eight-session winning streak to a new high....
...R&D tax credits are designed to support companies that work on cutting-edge projects and form a crucial part of a wider government pledge to make Britain a “tech superpower” by 2030....
...chain had also agreed to allow customers to tip workers with credit cards at unionised stores for the first time in a “sign of good faith.”...
...At his State of the Union address early last month, US President Joe Biden proudly hailed the American economy as “the envy of the world”. It is hard to disagree....
...Back in March 2022, EU leaders committed to set deadlines for phasing out export credit to fossil fuels by December 2023....
...CREDIT: UAW Read a transcript of this episode on FT.com...
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