Headlines 

Jeremy Hunt on Brexit: ‘We are heading for no deal by accident’

Probability of exit without deal increasing by the day, UK foreign secretary says The Brexit process is currently heading for no deal by accident, the foreign secretary, Jeremy Hunt, has said during talks in Austria, stepping up his warnings about a potential collapse in talks. This is not project fear, this is project reality, Hunt told a press conference in Vienna alongside his Austrian counterpart, Karin Kneissl. We have to make a decision on Britains future relationship with the EU by the end of this year and we have to…

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Headlines 

To tackle Googles power, regulators have to go after its ownership of data

Long-term the aim is to find profitable uses for its stockpiled information The problem with regulating technology companies is that, faced with tough new rules, they can eventually innovate their way out, often by switching to newer, unregulated technologies. The risk of targeted regulation informed by little other than economic doctrines might even be fuelling a corporate quest for eternal disruption: instead of surrendering to the regulators, technology firms prefer to abandon their old business model. Its through this lens that we should interpret the likely fallout from the Margrethe…

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Headlines 

Challenges to Silicon Valley wont just come from Brussels

Fine of 2.4bn levied on Google is a sign of the continued erosion of US tech firms domination of the internet The whopping for abusing its dominance as a search engine has taken Silicon Valley aback. It has also reignited American paranoia about the motives of European regulators, whom many Valley types seem to regard as stooges of Mathias Dpfner, the chief executive of German media group Axel Springer, president of the Federation of German Newspaper Publishers and a fierce critic of Google. US paranoia is expressed in various registers.…

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Odds and Ends 

Amazon modifies its Kindle ebook contracts following EU investigation

Amazon potential investigation into its tax practices. Like many companies, Amazon has been optimizing its tax rate by paying royalties to a subsidiary that pays very little taxes. By settling the ebook case with the European Commission, Amazon shows that it is willing to negotiate with the European Union. Read more: https://techcrunch.com/2017/05/04/amazon-modifies-its-kindle-ebook-contracts-following-eu-investigation/

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