The new European Union competition chief said on Tuesday that it needs to reform its competition rules to take into account “innovation and future markets”, as Brussels seeks ways to remain competitive.
“European merger and antitrust policies are key tools to keep markets fair. And already today, when we assess merger and antitrust cases, we take innovation, resilience, and sustainability into account,” said Teresa Ribera, commissioner for competitiveness, in a speech at a conference in Brussels.
“But we must go further, because our decisions are not only about today’s market but also tomorrow’s. So, we should take full account of innovation and future competition, while also considering the need for resilience in certain sectors, such as energy, defence, and space.”
She also said the EU would introduce a new state aid regime to speed up investments in green projects. - Copyright The Financial Times Limited 2024
Zuckerberg’s culture shift at Meta could make it hard to find new recruits willing to work in his macho organisation
Keeping sea lice from farmed fish will boost aquaculture health and profits
Bosch Unlimited 7 Aqua review: Saving time and effort on household cleaning
Irish space race: domestic companies pushing the frontiers of AI, space stations and acoustic technology
- Share $EU competition chief signals rules overhaul on X (opens in a new window)
- Share $EU competition chief signals rules overhaul on Facebook (opens in a new window)
- Share $EU competition chief signals rules overhaul on LinkedIn (opens in a new window)
- Sign up for the Business Today newsletter and get the latest business news and commentary in your inbox every weekday morning
- Opt in to Business push alerts and have the best news, analysis and comment delivered directly to your phone
- Join The Irish Times on WhatsApp and stay up to date
- Our Inside Business podcast is published weekly – Find the latest episode here
