Netflix misses Q3 earnings targets amid Brazil tax dispute
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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.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
Germany’s Adidas increased its full-year profit guidance, saying it managed to cushion some of the extra expenses resulting from higher U.S. tariffs.
Germany’s Adidas on Tuesday raised its full-year operating profit forecast, saying it had successfully offset part of the additional costs caused by higher U.S. tariffs.
New Zealand's annual inflation accelerated in the third quarter, reaching 3.0%, which aligns with analysts' expectations and is at the upper end of the central bank's target range, according to official data released on Monday.
On Sunday, the Netherlands' Economy Minister, Vincent Karremans, stated that he expects to meet with a Chinese government official in the coming days to discuss how to resolve the standoff over Nexperia NV, a computer chip maker whose issues are threatening global automotive supply chains.
In the first nine months of this year, 10.2 billion cubic metres of gas were produced from the Azeri-Chirag-Gunashli (ACG) block in the Azerbaijani sector of the Caspian Sea, according to operational data released by the Ministry of Energy.
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