Home » EU Admits It’s Stuck Under US Tech Giants’ Thumb

EU Admits It’s Stuck Under US Tech Giants’ Thumb

by Marko Florentino
0 comments


MOSCOW (Sputnik) – The European Union has admitted that it cannot break free from the dominance of US tech companies, an European newspaper reported on Wednesday, citing the draft of the International Digital Strategy for Europe set to be released in June.

Brussels has reportedly admitted that freeing itself from the dominance of US tech companies is unrealistic, and that «cooperation will remain significant across the technological value chain.»

A screen above the trading floor shows an intraday number for the Dow Jones industrial average, at the New York Stock Exchange, Wednesday, Aug. 14, 2019. Stocks are falling sharply after the bond market threw up another warning flag on the economy.  - Sputnik International, 1920, 07.04.2025

Big Tech, Big Banks, Big Pharma: Biggest Losers of Trump’s Tariff Wars

EU states remain dependent on US tech companies, and US President Donald Trump’s stance on Europe has the bloc fearing for its sovereignty in global technologies, including social media and cloud services. Another concern is linked to the ability of US law enforcement bodies to get access to data processed by Amazon, Microsoft and Google, the paper said.

The draft of the strategy also signals that the EU has very few fresh ideas that may help Europe become an important player in the global technology field, the paper added.





Source link

You may also like

Leave a Comment

NEWS CONEXION puts at your disposal the widest variety of global information with the main media and international information networks that publish all universal events: news, scientific, financial, technological, sports, academic, cultural, artistic, radio TV. In addition, civic citizen journalism, connections for social inclusion, international tourism, agriculture; and beyond what your imagination wants to know

RESIENT

FEATURED

                                                                                                                                                                        2024 Copyright All Right Reserved.  @markoflorentino