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Tag Archives: European Commission

EU explains fine of 110mn euros on Facebook over ‘misleading’ info in WhatsApp takeover

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The European Commission on Thursday fined US social media giant Facebook 110 million euros ($120 million) for providing incorrect and misleading information on its takeover of WhatsApp. EU Competition Commissioner Margrethe Vestager said in a statement said “Today’s decision sends a clear signal to companies that they must comply with all aspects of EU merger rules, including the obligation to ...

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EC deepens Africa Renewable Energy Initiative, votes $5bn on energy schemes

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As part of its renewed efforts to grow renewable energy initiatives in Africa, the European Commission (EC) has announced its continued support to the African continent by promoting renewables through the Africa Renewable Energy Initiative. The initiative is in line with EC’s wider efforts in the implementation of the 2030 agenda on sustainable development and the Paris Climate Change Agreement. ...

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