competition
France's Bouygues Telecom has moved one step closer to gaining full ownership of La Poste Group after national competition officials approved the deal. La Poste Group, which runs France's mail service but also has a telecommunications service, already owns 51% of La Poste Telecom. The other 49% is under the control of French rival network operator SFR. "The Authority has ruled out any risk of harm to competition linked to the transaction on the markets concerned," competition officials said in a statement on Monday. Due to La Poste Telecom's "limited market share", they noted that there would ...
Euronews (English)
Following a relatively modest 2023, the decentralized finance (DeFi) market experienced a remarkable resurgence during the first half of 2024. As of Aug. 16, the total value locked (TVL) within the ecosystem stands at $82.67 billion, up from $54.4 billion at the beginning of the year — representing a robust growth of 51.9%. One of the primary drivers behind this substantial uptick has been the growing adoption of onchain derivatives. In fact, since the beginning of the year, the average daily trading volume for crypto derivatives has skyrocketed from $1.8 billion in 2023 to $5 billion. Onchain...
Cointelegraph
On the outskirts of Petersfield in Hampshire, England, humble lawnmowers turned into racing machines on 10-11 August. More than 40 teams zoomed around a purpose-built track at 80 km/h, starting at 20:00 and racing through the night until 08:00. This annual 12-hour lawnmower race draws teams from around the world.
Euronews (English)
Apple announced an update to its App Store terms in the EU on Thursday (8 August) to allow developers to provide information and promote offers at external app marketplaces or websites to comply with the bloc's new competition rules. App developers can promote these alternative offers within their applications, including subscription prices available both in their apps and outside of them, Apple said in an update. They can also provide links that can be “tapped, clicked, or scanned,” to take customers to the other offers. The changes, which are set to apply in the autumn, come after the Europe...
Euronews (English)
The election of two former employees of tech giant Meta to the European Parliament in June revived the issue of revolving doors - movement of workers from the public to the private sector and private to public in a related field, a matter the European Commission is also set to opine on this week. “On the one hand, lobbying is beneficial to industry and to the public sector as it allows informed policy-making. On the other, it can pose a risk to the democratic tissue of society, as lobbying can undermine decision-makers' integrity and lead to favouritism if not appropriately regulated,” wrote t...
Euronews (English)
Microsoft wants the feds to view its relationship with OpenAI as more of a frenemies (friends and enemies) situation than a real partnership, judging by a report filed with the SEC in July. In the filing, a form 10-K periodic financial performance and conditions report, Microsoft declared OpenAI as its rival in several passages while also stating numerous times throughout the document that OpenAI was its “strategic partner.” Strategic competitorsInterestingly, Microsoft cites dozens of rivals and “intense competition across all markets” in its statements on competition. These include companies...
Cointelegraph
A new crop of European Parliament lawmakers tasked with dealing with economic affairs will focus on industrial policy, though some fear a free-for-all of state support, key MEPs have told Euronews. The European Parliament’s Economic and Monetary Affairs Committee, ECON, met for the first time today (23 July) since June elections, with new leadership and a sharpened political focus. “The last mandate was centred on environmental and geopolitical questions,” committee chair Aurore Lalucq (France/Socialists and Democrats) told Euronews, citing the fight against climate change and war in Ukraine. ...
Euronews (English)
Promoting your product is fine, but not if it means throwing shade on competitors, according to the EU. The European Commission today accepted Vifor’s commitments to remedy potential disparagement of a rival product. Those promises are now legally binding and the Commission could issue fines up to 10% of Vifor’s turnover if they’re broken. Brussels worried Vifor had restricted competition by spreading misleading information about the safety of Monofer, an iron deficiency treatment marketed by the company's main competitor, Pharmacosmos. The Commission suspected that actions by Vifor, in some c...
Euronews (English)
Bytedance, the parent company of video sharing app TikTok, has lost its appeal against a European Commission decision to consider it a gatekeeper under new competition rules, the General Court said in a judgment today (17 July). Last November TikTok joined Meta in appealing against being designated with 'gatekeeper' status under the Digital Markets Act (DMA), an EU law that brings in tougher rules for tech companies and makes it easier for users to move between competing services. TikTok said at the time that its designation “risks undermining the DMA's own stated goal by protecting actual gat...
Euronews (English)
“Every time I meet someone, they worry that I’m going to swim in the Seine,” says Léonie Périault, a French triathlete who won a bronze medal in the 2020 Tokyo Olympics. Paris has spent €1.4 billion trying to allay those fears, building a giant underground tub to store wastewater so that it doesn't run into the Seine. It has been illegal to swim in Paris' iconic river for more than a century due to the dirtiness of the water. With less than two weeks to go until the Paris Olympics and events scheduled to take place in the river, a question hangs over the Games: Will the Seine River be clean en...
Euronews (English)
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