The EU's antitrust chief Teresa Ribera said the bloc won’t shy away from taking on Silicon Valley firms for fear of retaliation from the White House, telling a Bloomberg audience that the bloc won't "remain in a corner.” bloomberg.com/news/articles/…

Scoop: Coca-Cola's business in Europe was one of the unidentified targets of European Union antitrust raids earlier this month, according to people familiar with the probe: bloomberg.com/news/articles/…

UBS, Nomura, and UniCredit failed to overturn European Union antitrust fines totaling hundreds of millions of euros levied over allegations they colluded on government bond trading during the region’s sovereign debt crisis. bloomberg.com/news/articles/…

The EU pressed Meta to create a separate version of Facebook Marketplace or offer users a way to access rival services in order to fix antitrust concerns, when it fined the firm €798 million last year. The decision was today made public in full: bloomberg.com/news/articles/…

❗ Scoop: TikTok owner ByteDance is set to be hit by a privacy fine of more than €500 million for illegally shipping European users’ data to China, adding to the growing global backlash over the video-sharing app: bloomberg.com/news/articles/…

Sources: Ireland's DPC will fine TikTok €500M+ before the end of April for illegally shipping European users' data to China, after a lengthy investigation (@samuelstolton / Bloomberg) bloomberg.com/news/articles/… techmeme.com/250403/p14#a25… x.com/Techmeme/statu…

New: Procter & Gamble, the maker of Pampers diapers and Oral-B toothbrushes, was the unidentified target of an informal antitrust probe by European Union watchdogs, according to people familiar with the case. w/Charlotte Hughes-Morgan bloomberg.com/news/articles/…

Apple and Meta were hit by €700 million in EU fines - the first under the bloc's Digital Markets Act - following warnings of harsh retaliation from US President Donald Trump amid an ongoing trade spat. w/Gian Volpicelli Bloomberg bloomberg.com/news/articles/…

Despite the Digital Markets Act #DMA having powers to levy fines of up to 10% of global annual turnover, today's EU penalties represented less than 0.15% of Apple and Meta's 2024 sales.

Former EU chief competition economist Tommaso Valletti crunches the numbers on today's €700 million fines against Apple and Meta...

Exclusive: Trump administration puts pressure on EU to ditch a rulebook that would compel developers of advanced AI to follow stricter standards of transparency, risk-mitigation and copyright rules bloomberg.com/news/articles/… via Bloomberg Technology Gian Volpicelli Samuel Stolton Alberto Nardelli

❗ Malta’s “golden passports” program violates EU law, the bloc’s top court ruled in a case that could have transformed the EU into a haven for affluent foreigners at a time when US President Donald Trump wants to entice them across the Atlantic: bloomberg.com/news/articles/…

❗️ TikTok gets €530 million EU privacy fine for illegally sending user data to China, with the Irish data protection regulator warning the firm didn’t do enough to keep information out of reach from Chinese state services: bloomberg.com/news/articles/…

Apple is poised to offer further App Store changes to appease European Union antitrust watchdogs who issued an ultimatum after doling out a €500 million ($580 million) fine: bloomberg.com/news/articles/…

The European Union’s crackdown on Apple, Meta Google and others isn’t a bargaining chip in trade negotiations with US President Donald Trump, according to Teresa Ribera, the EU’s competition chief: bloomberg.com/news/articles/…

❗ NEW: The European Union is set to rebuke the Italian government for imposing harsh conditions on UniCredit’s takeover of Banco BPM, setting up a power struggle between Brussels and Rome over the fate of the deal: bloomberg.com/news/articles/…

New from me on Bloomberg: the EU and X will hold talks tomorrow in the wake of the Grok-MechaHitler fiasco bloomberg.com/news/articles/…

French far-right leader Marine Le Pen and her 2 sisters lost a fight against a European Parliament order for their late father Jean-Marie to give back more than €300,000 in misused funds bloomberg.com/news/articles/… via Samuel Stolton Gaspard Sebag

New: Broadcom’s $61 billion acquisition of VMware faces scrutiny from EU judges, after a cloud computing group contested the European Commission’s approval of one of the world’s biggest tech deals: bloomberg.com/news/articles/…

New: Italy has pushed back against EU criticism of Rome’s power to block or limit deals, which Prime Minister Giorgia Meloni recently used in UniCredit's now-failed attempt to acquire Banco BPM. w/ Alessandra Migliaccio & Sonia Sirletti bloomberg.com/news/articles/…