EU to overhaul rules to help European ‘champions’

The EU plans to revamp its competition rules and act against foreign subsidies in a policy overhaul to help European companies to compete globally against US tech companies and Chinese-aided rivals, says the European Commission.
EU to overhaul rules to help European ‘champions’
Tue, 10 Mar, 2020 - 17:20
Reuters

Thierry Breton: Green and digital transitions need to start.
Thierry Breton: Green and digital transitions need to start.

The EU plans to revamp its competition rules and act against foreign subsidies in a policy overhaul to help European companies to compete globally against US tech companies and Chinese-aided rivals, says the European Commission.

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<p>Cork-founded information and communication technologies company PFH Technology has posted turnover of €178.5m, up 18% on the previous year, with operating profits increasing to €19.8m.</p>

Profits rise to €19.8m at Cork-headquartered PFH Technology

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