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Tag: risk-compliance

  • Europe Aimed to Set Standards for Tech Rules, Now It Wants to Roll Them Back

    BERLIN—Europe is moving to relax some of the world’s tightest digital regulations in a bid to boost growth and reduce its reliance on U.S. tech.

    Germany and France on Tuesday backed an effort by the European Union, long seen as a global rulesetter for technology, artificial intelligence and digital services, to loosen regulatory strictures on the fast-growing, U.S.-dominated sectors.

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    Bertrand Benoit

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  • U.S. Imposes Sanctions on Colombia’s President Over Drug-Trafficking Accusations

    WASHINGTON—The Treasury Department has sanctioned Colombian President Gustavo Petro and his family, alleging his government has aided drug traffickers.

    “President Petro has allowed drug cartels to flourish and refused to stop this activity,” Treasury Secretary Scott Bessent said.

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    Alex Leary

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  • Dutch Government Takes Control of Chip Maker From Chinese Parent

    The Dutch government wrested control of a Netherlands-based semiconductor company from its Chinese owner, a new flare-up in tensions between China and the West over key technologies and materials.

    Officials at the Dutch Economic Affairs Ministry said Sunday that they had assumed the power to block or reverse decisions at Nexperia 600745 -10.00%decrease; red down pointing triangle, which is owned by China’s Wingtech Technology, to keep Europe from losing “technological knowledge and capabilities” necessary for its economic security.

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    Sam Schechner

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