Samsung Galaxy Watch 5 Series Prices Tipped, Said to Start at EUR 300

Samsung’s upcoming Galaxy Watch 5 family of wearables will cost more than the Watch 4 products that were introduced last year. According to tipster Roland Quandt (@rquandt), the price of the 40mm Galaxy Watch 5 with Bluetooth will be EUR 300 (roughly Rs. 25,000); the LTE version will cost EUR 350 (roughly Rs. 29,000). Priced at […]

Spain to Spend EUR 12.25 Billion on Semiconductors, Microchips by 2027

Spain’s government has approved a plan to spend EUR 12.25 billion (roughly Rs. 1,01,600 crore) on the semiconductor and microchip industry by 2027, Economy Minister Nadia Calvino said on Tuesday, including EUR 9.3 billion (roughly Rs. 77,100 crore) to fund the building of plants. The programme that consists mostly of European Union pandemic relief funds is directed […]

Germany Offers EUR 14 Billion to Woo Global Chip Makers

Germany’s government wants to attract chip makers with EUR 14 billion (roughly Rs. 1,13,132 crore) in support, Economy Minister Robert Habeck said on Thursday, adding that the lack of semiconductors used in everything from smartphones to cars was a massive problem. A global chip shortage and supply chain bottlenecks have created havoc for car makers, […]

Amazon Gets EUR 90,000-per-Day Fine Over Contracts in France

French authorities on Wednesday slapped a EUR 90,000 (roughly Rs.7,476,100) per day fine on Amazon until it removes abusive clauses in its contracts with businesses using its platform to sell their goods. The anti-fraud DGCCRF service said the online sales giant’s contracts with third-party sellers who use its Amazon.fr website contain “unbalanced” clauses. “The company […]

Meta Fined EUR 17 million for Data Breach by Ireland

Ireland on Tuesday imposed a fine on Facebook parent company Meta for breaching EU data privacy laws, in the latest action in Europe against the business practices of US tech titans. The fine against the social media giant, which owns WhatsApp, Instagram, and Facebook, amounted to a total of EUR 17 million (roughly Rs. 142 […]

Spotify, FC Barcelona Strike Sponsorship Deal Worth Reported EUR 300 Million

Barcelona announced on Tuesday that Spotify will become their main sponsor from next season, with the club’s stadium to be rebranded as Spotify Camp Nou from July. Spotify will also appear on the front of the men’s and women’s team shirts for the next four seasons and on the club’s training shirts for the next […]

Clearview AI Facial Recognition Firm Faces EUR 200-Million Fine in Italy

Italy’s data privacy watchdog on Wednesday fined US-based firm Clearview AI EUR 20 million (roughly Rs. 168.44 crore) over its controversial facial recognition software. The watchdog ordered the company to delete data relating to people in Italy and banned it from further collection and processing of information there. Clearview AI says it has built up […]

EV Buyers in Italy Said to Get Subsidy of Up to EUR 6,000 Upon New Purchases

Italy plans to subsidise up to EUR 6,000 (roughly Rs. 500,300) of the purchase price of new electric vehicles as part of its plan to support the country’s automotive industry, a government source said on Tuesday. Rome has set aside EUR 8.7 billion (roughly Rs. 73008.089 crore) until 2030, including around EUR 700 million (roughly […]

Apple Faces EUR 5-Million Fine From Dutch Consumer Watchdog

The Dutch antitrust watchdog fined Apple EUR 5 million (roughly Rs. 4.2 crore), the fifth such penalty in successive weeks in a row over access to non-Apple payment methods for subscriptions to dating apps.  The Authority for Consumers and Markets (ACM) says the iPhone maker is abusing a dominant market position by failing to allow […]

Google Sued for EUR 2.1 Billion by Sweden’s PriceRunner

Swedish price comparison site PriceRunner said Monday it was suing tech giant Google for EUR 2.1 billion (roughly Rs. 17,930 crore) for promoting its own shopping comparisons in search results. Europe has cracked down on the business practices of Big Tech in recent years, while the EU is moving forward with legislation to tighten regulation. […]

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