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The Latest Breaking News from European Union

Microsoft, Activision and the battle with competition tsars

In a “striking show of leniency by a notoriously tough regulator”, the European Commission has approved Microsoft’s $69bn megadeal with games-maker Activision Blizzard, said DealBook in The New York Times – just weeks after the UK’s competition regulator threw it out.

The Week

Carl Icahn’s activist play plays into the hands of Lina Khan and EU regulators

Every company with acquisition plans in the U.S. and Europe should be concerned about the FTC partnering with EU regulators to sink the Illumina-Grail deal.

Fortune

Tory peer confuses Question Time panel as he crunches numbers in bid to defend Union

A TORY peer left the Question Time panel bemused as he tried to crunch the numbers from the 2014 independence referendum and 2016 Brexit vote.

The National (Scotland)

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Britain says Russia will ‘pay the price’ for Ukraine invasion as fresh wave of sanctions unveiled

The prime minister launched a new wave of sanctions against Vladimir Putin as he warned that Western leaders are ‘not going away’

The Independent UK

Tech giants should help pay for 5G, say Europe’s mobile operators

Consumers will have to pay a lot more for 5G and broadband internet if companies like Meta, Apple, and Microsoft don’t contribute

Evening Standard

G7 signals long-term Ukraine support to Russia, woos 'Global South'

Ukraine's Volodymyr Zelenskiy on Sunday drew a parallel between the destruction of Bakhmut and the horror of Hiroshima, evoking the symbolism of mass destruction as he wrapped up a surprise appearance at the Group of Seven (G7) summit in Japan.

Reuters

EU's Michel calls for 'stable and constructive' cooperation with China

European Council President Charles Michel said on Friday it was in the EU's interest to maintain "stable and constructive" cooperation with China, as the Group of Seven countries met to consider China's "economic coercion" and other concerns.

Reuters

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G7 leaders discuss China 'economic coercion' threat

Leaders from the Group of Seven wealthy democracies are meeting in Hiroshima, Japan, Friday with Ukrainian President Volodymyr Zelensky expected to join the group in person on Sunday.

France 24

G7 stance on China complicated by huge stakes in economic ties, cooperation on global issues

Leaders of the Group of Seven advanced economies are generally united in voicing concern about China

The Independent UK

UK’s £1bn strategy for semiconductor industry lacks ambition, say critics

While the US and EU announce bigger programmes, one British startup says the government’s investment figure is less than the cost of one basic plant

The Guardian - UK

‘We’re not going away’: Rishi Sunak arrives at G7 announcing Russia sanctions

Prime minister will use Hiroshima summit to push more neutral countries such as Brazil and India into doing more for Ukraine

The Guardian - UK

STMicroelectronics (STM) Is a Top Chip Stock to Buy

European chipmaker STMicroelectronics (STM) reported better-than-expected first-quarter results, defying the industry headwinds. With the company well-positioned for growth, the stock could be a solid buy now. Let’s discuss some of its key financial trends.

StockNews.com

The Guardian view on Northern Ireland’s elections: a pivotal moment

Editorial: This week’s voting could have consequences for power-sharing and for Britain’s attempt to rebuild credibility in Europe

The Guardian - UK

MSPs demand UK Government 'acts immediately' on food inflation

It comes after a dedicated food security unit was launched to monitor and mitigate potential crises in Scotland.

The National (Scotland)

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Reuters

Putin's energy blackmail of Europe has failed, commissioner says

Russian President Vladimir Putin's attempt to blackmail Europe using energy resources has failed, but next year will still be challenging, the European Commissioner for Energy, Kadri Simson, said on Thursday.

The Guardian - UK

Party supplies firm founded by the Middletons sold after collapse

Entrepreneur James Sinclair buys Party Pieces for an undisclosed amount after administrators brought in

PC Gamer

UK chancellor wags his finger at CMA after Activision acquisition block, urging it to 'understand its wider responsibilities'

Jeremy Hunt's comments come after Microsoft lauded the EU as "more attractive place" to do business than the UK.

The Conversation

US laws to promote home-grown industries will hurt African economies

The Biden administration has ratcheted up protectionism and industrial policy amid surging economic tensions with China. Legislation passed in 2022 unlocked hundreds of billions of dollars in subsidies to spur domestic production of renewable energy and electric vehicles, and to support other decarbonisation goals.

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The Independent UK

Car industry woes ‘nothing to do with Brexit’, says business secretary

‘This isn’t to do with Brexit’, says Kemi Badenoch – despite plea by carmarkers to change Brexit deal

France 24

Deutsche Bank settles Epstein sex-trafficking abuse lawsuit for $75 million

Deutsche Bank has agreed to pay $75 million to settle a lawsuit that accused the lender of aiding and benefitting from late financier Jeffrey Epstein's sex-trafficking ring. Also, the EU rolls out plans for the biggest-ever overhaul of its customs union, while Brussels and London take steps to harmonise their…

Evening Standard

OPINION - The Standard View: The justice system is failing Londoners at their time of greatest need

Britain’s justice system is on red alert. Today the Met Commissioner criticised the Crown Prosecution Service, accusing it of failing victims of crime by “cherry-picking” cases to artificially enhance conviction rates.

Bristol Post

The £14 flight from Bristol Airport that will take you to this stunning European city

It’s cheaper than a one way train ticket from Bristol to Birmingham

The Guardian - UK

French court’s approval of Olympics AI surveillance plan fuels privacy concerns

Rights groups including Amnesty and Human Rights Watch call proposals ‘a dangerous precedent’ in open letter

Evening Standard

Is animal testing illegal in the UK? Government cracks down on makeup testing licences

What is the UK Government’s latest stance on animal testing?

The Independent UK

EU car firms ‘back’ Sunak’s push to delays Brexit rules that could crush industry

Prime minister to visit Nissan as calls grow for EU to delay electric vehicle rule

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