The 27-member bloc has struggled to produce leading companies in the global clean tech race
BRUSSELS - The woman tipped to become the European Union's next antitrust chief has pledged to intensify the bloc's crackdown on Big Tech and foreign companies receiving unfair state subsidies to buy EU peers or take part in EU tenders.
"I will push for a vigorous enforcement of the DMA, shaping the Commission policy concerning this important new instrument, in order to deliver concrete results for European business and end users," Teresa Ribera. In a bid to promote new EU market leaders, Ribera's mission also includes protecting small and midcap businesses from "killer acquisitions" by foreign companies seeking to destroy competition.
The EU is trying to stem what it deems as unfair competition from subsidised Chinese firms in wind, solar, and in particular, electric vehicles. Earlier this month, the bloc decided to slap tariffs of up to 45% on imported Chinese-made EVs.
Big Tech Meta Google Tiktok Amazon DMA Rules EU Teresa Ribera Apple Microsoft European Parliament EU Antitrust Chief
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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