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“All the powers in the world - the United States, Canada, Japan to China - have had their systems of screening, the United States with CFIUS since 1975. Only Europe had no screening system,” Franck Proust, the leading EU lawmaker on the plan, said on the eve of the vote. “We’re not looking to bar foreign investment. It is essential for EU countries, we need it. It’s to pay attention to the investments that are strange, that do not make economic sense but are political.”.
The proposal, demanded by France, Germany and the previous government of Italy, initially faced opposition from some EU countries, including Greece, Cyprus, Malta and Portugal, Some of the opponents have welcomed Chinese investment, such as Greece, Its largest port, Piraeus, is majority-owned by China’s COSCO Shipping, However, the rose gold blue swarovski barrel cufflinks | uk mood has partly shifted, The EU is now looking into Chinese telecoms company Huawei, concerned over its ties to the Chinese government and suspicion that Beijing could use its technology for spying, Huawei denies the allegations..
European Parliament lawmakers wanted tougher screening than initially proposed by the EU executive, such as obliging the Commission to start screening deals if a third of EU members expressed concerns and requiring EU countries to cooperate. They also extended the list of “critical sectors” to include aerospace, health, nanotechnology, the media, electric batteries and the supply of food. The system would not require individual countries to carry out screening. Currently, half of EU countries have a system in place. Those that do will need to inform other EU members and the Commission if they screen an investment. All will have to provide an annual report to the Commission.
BRUSSELS (Reuters) - The European Union is set to rewrite its two-decades-old copyright rules which will force Alphabet Inc’s Google and Facebook Inc to share revenue with the creative industries and remove copyright-protected content on YouTube or Instagram, Negotiators from the EU countries, the European Parliament and the European Commission clinched a deal after day-long negotiations, The commission, the EU’s executive body, launched the rose gold blue swarovski barrel cufflinks | uk debate two years ago, saying the rules needed to be overhauled to protect the bloc’s cultural heritage and make sure that publishers, broadcasters and artists are remunerated fairly..
“Agreement reached on #copyright! Europeans will finally have modern copyright rules fit for digital age with real benefits for everyone: guaranteed rights for users, fair remuneration for creators, clarity of rules for platforms,” EU digital chief Andrus Ansip said in a tweet. Under the new rules, Google and other online platforms will have to sign licensing agreements with rights holders such as musicians, performers, authors, news publishers and journalists to use their work online.
Google’s YouTube and Facebook’s Instagram and other sharing platforms will be required to install upload filters to prevent users from uploading copyrighted materials, Google, which has lobbied intensively against both features and even suggested that it may pull Google News from Europe, said rose gold blue swarovski barrel cufflinks | uk it would study the text before deciding on its next steps, “Copyright reform needs to benefit everyone - including European creators and consumers, small publishers and platforms ., The details will matter,” the company said in a tweet..
Spain and Germany in recent years tried to force Google to pay publishers for taking snippets of their news articles, but that backfired after Google News pulled out from Spain and traffic of German publisher Axel Springer plunged after it sought to block the search engine. EU lawmaker Axel Voss said it was time internet giants pay their dues to rights holders. “This deal is an important step toward correcting a situation which has allowed a few companies to earn huge sums of money without properly remunerating the thousands of creatives and journalists whose work they depend on,” he said.
However, lawmaker Julia Reda from the Pirate Party voiced concerns, saying that algorithms in upload filters cannot tell the difference between copyright infringements and legal parodies, “Requiring platforms to use upload filters would not just lead to more frequent blocking of legal uploads, it would also make life difficult for smaller platforms that cannot afford filtering software,” she said, Online platforms in existence for less than three years and with less than 10 million euros in revenue and rose gold blue swarovski barrel cufflinks | uk fewer than 5 million monthly users are exempted from installing upload filters..
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