Hungary delays full nuclear plant shutdown by reducing capacity
Hungary’s Paks nuclear power plant may continue operating at reduced capacity until Tuesday, temporarily easing pressure on the country’s electric...
The European Commission has said it does not view imposing network fees on major technology firms as a practical solution to the ongoing debate over funding the expansion of 5G and broadband infrastructure across the bloc.
The controversy centres around a long-running dispute between Europe's major telecom operators such as Deutsche Telekom, Orange, Telefonica, and Telecom Italia and digital giants including Google, Meta, Netflix, Microsoft, and Amazon. The telecom companies argue that Big Tech should contribute to the cost of digital infrastructure, given the significant share of internet traffic generated by their services. They have labelled it a matter of "fair share" funding.
However, tech firms have pushed back, describing the proposal as an “internet tax” and highlighting their own investments to improve service efficiency.
The debate intensified following the publication of a U.S. White House fact sheet on 28 July, which, in reference to a recent EU-U.S. trade agreement, stated that the European Union had confirmed it would not introduce or uphold network usage charges.
Commission spokesperson Thomas Regnier clarified the EU’s stance during a press briefing, citing a White Paper issued in February last year. "Based on the findings of this White Paper, we have assessed and concluded that network fees are not a viable solution," Regnier said.
He also stressed that any such exemption would not apply exclusively to U.S. companies, in response to concerns over trade fairness.
Looking ahead, the Commission plans to propose the Digital Networks Act in November, which will present a broader strategy to improve Europe’s digital infrastructure without relying on network usage charges.
A tourist aircraft crashed near Peru's UNESCO-listed Nazca Lines on Saturday (1 August), killing all 13 people on board, authorities said.
Iranian Foreign Ministry Spokesperson Esmaeil Baghaei has said Tehran is not currently involved in direct talks with Washington about reopening the Strait of Hormuz. U.S. President Donald Trump said negotiations with Iran were to begin on Monday.
U.S. President Donald Trump said late on Saturday he would hold off on a fresh attack on Iran as long as a deal could be reached quickly to halt Iran's nuclear ambitions and reopen the Strait of Hormuz.
Two firefighting helicopters collided while battling a major wildfire in Greece on Sunday, killing two crew members as emergency services continued efforts to contain fires fuelled by extreme heat and dry conditions across Europe.
French Prime Minister Sebastien Lecornu said wildfires that swept across France were now under control. Authorities warned that risks remained as Greece and Spain continued battling active blazes across parts of Europe.
Ford raised its full-year earnings forecast after reporting stronger-than-expected second-quarter adjusted profit, as resilient demand for its vehicles and operational improvements helped offset tariff-related costs.
SK Hynix reported record quarterly profit on Wednesday, but its shares slumped 10 per cent after the South Korean chipmaker fell short of investor expectations built around the artificial intelligence (AI) boom.
Oil prices have fallen more than six per cent as a pause in U.S.-Iran hostilities eased fears of wider supply disruption around the Gulf.
Paramount Skydance agreed to pause its acquisition of Warner Bros Discovery until after a ruling on a challenge by states to the deal, plunging the $110 billion deal into further uncertainty.
China's Foreign Ministry has said it is closely monitoring the United Kingdom's nationalisation of British Steel. Prior to the British government fully taking over the loss-making company on Thursday, it was previously owned by Chinese private steelmaker Jingye.
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