US Big Tech companies are outspending and outmeeting European firms in Brussels, according to an FT analysis. Google, Apple, and Amazon each have more meetings with EU officials than any single European company. These firms are pushing back against the EU’s digital rules, with US President Donald Trump threatening tariffs in response to Europe’s push for tech sovereignty. Raphaël Kergueno of Transparency International criticized the imbalance, saying policymakers give more access to US companies. Laura Dubois and Chris Cook report the exclusive story.
The EU is set to release August unemployment figures, while the UK introduces a new vaping tax. In other news, US government bonds saw their worst month in four years, with 10-year Treasury yields surging to 5.3%. UK Prime Minister Andy Burnham plans to reset EU relations at a November summit. Manchester City’s sponsor, Etihad Airways, is threatening legal action over sham deal findings. OpenAI’s software allegedly scraped government data, and RSM is considering an IPO. Lab-grown food faces hurdles in scaling and regulation, shifting toward niche markets like pet food and sushi.
Source: Financial Times Companies · Summarized by HeadlinesBriefing