Trump threatens EU tariffs after Google gets €890 million fine
What's next: Washington plans a Section 301 trade probe, opening the door to retaliatory duties against the bloc.
Bloomberg, The Straits Times +2
Subject
#European Commission
EU fines Google €890 million under Big Tech rules
What's next: Google has 60 days to change Search and Google Play or risk periodic penalties of up to 5% of global revenue.
EU clears $110 billion Paramount-WBD merger with 10-year film remedy
What's next: The deal is still frozen in the US for at least two weeks as 12 states seek to block it before a Sept. 30 deadline.
BBC News (US & Canada), CNBC +1
WHO warns Europe faces more deadly heat as highs near 43C
What's new: Preliminary estimates linked 3,700 excess deaths in France, the Netherlands and Belgium to the late-June heatwave.
The New York Times, The Business Times (Singapore) +1
EU clears US tariff pact before Trump’s July 4 deadline
What’s new: The deal adds EU safeguards, including a suspension option and a sunset clause at the end of 2029.
Bloomberg, The Straits Times
EU lawmakers back digital euro plan, clearing path for 2029 launch
What's next: Parliament could open talks with EU governments and the Commission next month, with a 12-month pilot penciled in for late 2027.
Bloomberg, The Business Times (Singapore)
EU moved toward Meta charges over child-safety design on Instagram
What's next: Meta could answer the EU's preliminary findings and, if it fails to satisfy regulators, face fines of up to 6% of global annual sales.
Bloomberg, The Straits Times
EU orders Meta to reopen WhatsApp to rival AI bots within 5 days
Why it matters: Brussels can fine Meta up to 10% of annual turnover if it defies the interim antitrust order.
US pushes NATO allies to use defense funds to rip out Huawei gear
What's new: The proposal could resurface at NATO's July summit in Turkey as allies debate how to count 1.5% of GDP in defense-related spending.
EU weighs 3-source rule to curb China supply dependence
What's next: EU leaders are set to discuss economic security on June 18-19 as the Commission reviews tougher trade defenses.
Bloomberg, The Straits Times