AstraZeneca faces EU fine
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Regulatory scrutiny of Libra heats up.
His haste to send aid to hard-hit countries has been widely criticized as an effort to divert blame from the deadly pandemic. Nearly three million people have tested positive for the new coronavirus worldwide and more than , have died, according to an AFP count released on Sunday, with well over half of the deaths recorded in Europe. However, the daily toll in Western countries seems to be stabilizing and even decreasing, although many fear a second wave of infections once the traffic restrictions are lifted.
The government is planning the slow and gradual unfolding of their strict restrictions against the epidemic. But they are also aware of the risk of a resurgence amid warnings from the World Health Organization WHO that recovered people may not be immune to reinfection. But the WHO has advised against issuing such passports, saying that people who survive the virus cannot be sure they will not be reinfected. Save my name, email, and website in this browser for the next time I comment.
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You need everything: scaling up on the production side and the demand side at the same time; you need to have the infrastructure in place. Green hydrogen costs much more than other forms of the gas, referred to as grey hydrogen, which is produced from fossil fuels and blue hydrogen, which relies on hydrocarbon energy but the resulting emissions are captured. So far, Wood Mackenzie found European companies have announced a pipeline of 9.
Analysts assume some projects will fail, meaning two to three times as many are needed to reach an interim EU goal to have 6 GW of capacity by The cheapest grey hydrogen costs 1. At least two-thirds of the cost of hydrogen production is the energy used to make it, meaning green hydrogen should become cheaper as renewable energy costs continue to fall. But a scaling up of the small green hydrogen industry is also necessary and for that, analysts say, governments will need to step in with incentives to make people use green hydrogen.
There is nevertheless support in industry as it responds to political and shareholder pressure to cut emissions and looks to hydrogen to rescue business models that could become obsolete. Hydrogen offers a major technical challenge as it is less dense than natural gas and must be safely compressed, stored and dispensed at industrial sites or refuelling stations for vehicles.
But it also has the advantage of being a replacement that can use existing infrastructure as well as requiring new structures to be built. MI , have drawn up a plan for a 6, km hydrogen pipeline network by , rising to 23, km by Seventy-five percent of that will consist of converted gas pipeline. Discover Thomson Reuters.
Google faces EU anti-trust probe for jobs search tool
Due to the coronavirus pandemic, travel arrangements have had to be cancelled. Throughout this crisis, the Commission has consistently made clear that consumer rights remain valid in the current unprecedented context and national measures to support the industry must not lower them. Nevertheless, in these ten states, specific national rules on package travel are still applicable allowing organisers of package travel to issue vouchers, instead of reimbursement in money, for cancelled trips, or to postpone reimbursement far beyond the day period, as set in the Package Travel Directive.
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EU regulators will send Amazon a so-called statement of objections in the coming weeks amid concerns the U. It will also let Amazon defend itself against the charges, the first and main opportunity to fight back against the EU case before officials rule on whether the company violated antitrust law. Regulators are wrestling with how to act against online giants that critics say run a rigged game when they set the rules for platforms that also host their rivals.
As the operator of the platform, Amazon controls a valuable trove of data of customer shopping habits and hit products, information that can help it jump ahead of smaller sellers. The Wall Street Journal in April reported that some Amazon employees had examined individual seller data when designing in-house products — prompting sharp questions from U.
Amazon also faces a Federal Trade Commission antitrust probe in the U.
Google faces EU antitrust probe over the data implications of its Fitbit buy
BRUSSELS — In the first antitrust case of its kind, the European Commission was set to find the pharmaceutical company AstraZeneca guilty on Wednesday of abusing the patent protection granted to its best-selling anti-ulcer drug, Losec, a source close to the investigation said late Tuesday. The abuse prevented generic-drug makers from marketing a cheaper version of Losec once AstraZeneca’s patent had expired, the person said. The British drug manufacturer faces a fine of millions of euros for the abuse, which happened during the s in several Scandinavian countries.
The commission found that the company gave the wrong date for market authorization for Losec to patent authorities to gain longer protection from generic competition, the source said.
We also share information about your use of our site with our social media, Animal-derived-antibody generation faces strict reform in accordance with European Union policy on animal use However, there is hope on the horizon now that the European Commission’s Joint Issue Date: August
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Google faces EU scrutiny after complaints
As Boeing’s new boss tackles the immediate crisis over its grounded MAX jet, he also faces pressing questions from European regulators over a deal to buy the commercial arm of Brazil’s Embraer — seen as key to its longer-term strategy. The volume of requests highlights the European Commission’s concerns over a deal it suspects would reduce the number of major participants in the global jet market from three to two, the sources said, speaking on condition of anonymity.
Any delay or derailing of the transaction would be a further setback for Boeing, which on Monday named David Calhoun as its new CEO amid a crisis over the grounding of its top-selling MAX following two fatal crashes. Calhoun knows Embraer from his former senior role at engine maker General Electric and is expected to push hard for the tie-up, one industry source said.
Airbus had earlier bought the main competitor to Embraer’s seat E2 jet family from Canada’s Bombardier and is racking up sales of the renamed A while its U.
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Qualcomm Faces EU Antitrust Probe Again
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FedEx Faces EU Probe into TNT Take Over Bid after European Union regulators thwarted United Parcel Service Inc.’s attempt to buy the Dutch company. Stay up-to-date with news and resources you need to do your job.
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Amazon faces EU antitrust charges over third-party sellers
The move follows warnings by consumer-rights and privacy advocates in the EU, the U. This will go hand in hand with an exponential growth of data generated through these devices. This data provides key insights about the life and the health situation of the users of these devices. Our investigation aims to ensure that control by Google over data collected through wearable devices as a result of the transaction does not distort competition.
That exercise seems to have yielded enough concerns to merit a deeper investigation.
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Facebook’s new cryptocurrency, Libra , hasn’t even launched yet, but concerns about the project keep piling up. The European Commission is currently investigating whether the new digital currency could unfairly shut out rivals , according to Bloomberg, which cited a questionnaire by EU antitrust regulators. Facebook and 27 partners unveiled plans for the cryptocurrency in June.
Since then, the social media giant has faced pushback from US lawmakers who worry that the cryptocurrency will be abused by criminals and negatively impact the US dollar. The social network said it won’t launch the cryptocurrency until all the concerns lawmakers have are addressed. Facebook plans to launch Libra in the first half of and has created a new group called the Libra Association to govern the cryptocurrency. Libra will be pegged to a basket of assets so its value won’t swing wildly like other cryptocurrencies.
Facebook’s executives say sending money across borders could be cheaper using Libra than conventional banks, expanding people’s access to financial services, especially in developing countries. The EU is concerned that Libra could create “possible competition restrictions” on data that will be shared and the use of consumer information, Bloomberg reported.