Norway’s Finance Minister Siv Jensen called for broader international cooperation to end monopolies of global technology giants that can overcharge consumers, reported Bloomberg. While attending the International Monetary Fund’s spring meetings in Washington this past week, Jensen drew attention to the market power of the biggest tech companies and their fiscal footprints in countries where […]
Filmmakers Collaborative SF launched a new film highlighting a successful antitrust action brought by the US Department of Justice against Google, Apple, eBay, and other major technology companies in 2009. Entitled, “When Rules Don’t Apply,” the 28-minute free film explores the “no-poach” wage suppression agreement that swept Silicon Valley from 2005 to 2015, and the […]
Infineon Technologies, the German chipmaker, has named Sven Schneider as its next chief financial officer, replacing Dominik Asam who is moving to aircraft maker Airbus. Schneider, hired on a three-year contract, joins from industrial gases group Linde and will start his new job on May 1, Infineon said on Thursday. Full Content: Wall Street Journal Want […]
According to TechCrunch the European Union’s competition commissioner, Margrethe Vestager, has suggested that breaking up tech giants should be a measure of last resort, “To break up a company, to break up private property would be very far reaching and you would need to have a very strong case that it would produce better results […]
Chinese tech giant Huawei is challenging a US law that labels the company a security risk and would limit its access to the American market for telecom equipment. Huawei Technologies’ lawsuit, announced Thursday, asks a federal court to reject as unconstitutional a portion of this year’s US military appropriations act that bars the government and […]
David Cicilline, the head of the House antitrust subcommittee, has suggested imposing a version of the Glass-Steagall rules—which forced banks to separate commercial and investment banking—on the technology industry. His comments add to growing calls from senior figures in the Democratic party to curb the market power held by the likes of Facebook, Google, and […]
US President Donald Trump’s nominee for Attorney General, William Barr, said on Tuesday, January 15, he favors strong enforcement of US antitrust laws and would examine statistics showing that scrutiny of mergers is at historic lows. “I am for vigorous enforcement of the antitrust laws to preserve competition,” Barr told a US Senate panel during […]
A new paper by economist John Van Reenen, presented Friday at the Federal Reserve’s annual symposium in Jackson Hole, Wyoming, argues that new technologies and globalization have amplified the advantages enjoyed by the largest and most productive companies, propelling them to their dominance. “If more markets are becoming ‘winner-take-all’ as with digital platform competition, this […]
To make sure they can compete with the United States and China, France and Germany want an EU-wide initiative that will fund innovation and research in tech startup projects across the region. According to Reuters, Europe has lagged behind the United States in developing new technologies. Part of the problem is that European investors are […]
ZTE, the Chinese telecom firm, may see losses of as much as US$3.1 billion amid a continuing ban from the US government on US firms supplying components and materials to ZTE. The estimates came Wednesday morning, May 23, from Bloomberg, which cited unnamed sources. Bloomberg also reported that ZTE remains “hopeful” that its home country, […]