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EU unveils 'Global Gateway' €300 billion global infrastructure plan
Maria Demertzis, a leading economist and deputy director at Bruegel think tank, warned the European Commission not to make this about competition with China.

"It does not have to crowd out Chinese investments," she told DW. "I very much hope that it does not aim to, or is perceived as an attempt to displace China in one way or another. Nobody wins from that."

EC | Questions and Answers on Global Gateway, NDICI-Global Europe, EFSD+, IPA III, Interreg, InvestEU and Horizon Europe
Is Global Gateway a response to the Chinese Belt and Road initiative and how does it relate to others?
[...]
Initiatives such as the Build Back Better World and Global Gateway will mutually reinforce each other.
by Cat on Thu Dec 2nd, 2021 at 01:21:13 AM EST
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Dombrovskis: China's Lithuania blockade hits other EU exports
"Apparently Chinese customs is not processing goods from other EU countries if they contain parts from Lithuania."
< eyebrow >
Dombrovskis said the Commission was using political and diplomatic channels to try to resolve the dispute and that he had spoken directly with China's EU envoy about the matter. But should those efforts fail, he said his staff was preparing a complaint with to reform the [PREPOSTEROUS] World Trade Organization.
by Cat on Fri Dec 24th, 2021 at 07:51:30 PM EST
[ Parent ]
Russian court slaps Google, Meta with MASSIVE fines
The Tagansky District Court ruled that Google repeatedly neglected to remove the banned content, and ordered the company to pay an administrative fine of about 7.2 billion rubles (about $98.4 million). Google said it would study the court documents before deciding on its next steps.

Later Friday, the court also slapped a fine of nearly 2 billion rubles ($27.2 million) on Meta for failure to remove banned content.

Russian courts had previously imposed smaller fines on Google, Facebook and Twitter this year, and Friday's rulings marked the first time the size of the fine was calculated based on revenue.

the NEW! 10% the NEW! Haugen trauma
Roskomnadzor said Google and Meta were specifically accused of violating the ban on distributing content that promotes extremist ideology, insults religious beliefs and encourages dangerous behavior by minors, among other things.
by Cat on Fri Dec 24th, 2021 at 08:15:55 PM EST
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If you figure $100,000 for an offshore content checker job, 30 million bucks would have bought Google 100 of them for three years. Would that have been enough to catch the banned content?
by asdf on Sat Dec 25th, 2021 at 12:32:34 AM EST
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Peter Thiel hires disgraced ex-Austrian chancellor Sebastian Kurz
"Kurz, 35, will serve as a global strategist for California-based Thiel Capital beginning in the first quarter of 2022."
Former far-right Austrian chancellor Kurz, who left office amid corruption allegations, set to join Peter Thiel investment firm
"He plans to commute between Europe and Thiel Capital's U.S. headquarters, Reuters reported, citing the Austrian tabloid Heute. His pay package is reportedly far larger than the €300,000 ($340,000) salary he received as chancellor."
by Cat on Thu Dec 30th, 2021 at 10:35:18 PM EST
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