Tuesday, October 13Global edition

Regulation

Antitrust, rules, compliance

EU looks to broaden its company levy to pull in more from US tech giants

The European Commission is reworking its CORE proposal — a fixed annual charge on large companies — to capture more revenue from Apple, Meta and Google without triggering US tariff retaliation. Most of the 27 member states currently oppose it, and any revised version needs their unanimous approval.

2 min read

Merz and Macron push EU for power to cut China off from its market

The two leaders have written to European Commission president Ursula von der Leyen calling for a mechanism that could restrict Chinese access immediately, without needing every member state to agree. Bloomberg Economics put the cost of lost market share to Chinese manufacturers at 0.7 per cent of EU GDP in 2025.

2 min read

FTC bars GM from selling driver data to insurers for five years

The federal order follows revelations that OnStar collected speeding habits and location data every three seconds, then sold it to brokers who helped insurers set rates. California secured a separate $12.75 million penalty — the largest yet under its privacy law.

3 min read

Nats system failure cancels more than 2,000 UK flights

The air traffic control provider's flight data processing system failed on Tuesday afternoon, leaving Heathrow, Gatwick and Manchester among the worst hit. The UK government has given Nats one week to explain what went wrong, and calls are growing for its chief executive to resign.

2 min read

Trump threatens to ban Bombardier planes unless they're built in the US

Canada has fired back with tariffs of up to 50% on around $20 billion worth of American goods, covering steel, aluminum and dairy products. The dispute cuts awkwardly against Bombardier's own argument: its planes are built with American engines, wings and parts from 2,800 US suppliers across 47 states.

2 min read