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EU 'considers €100bn tech fund to fight US and China rivals'

EU 'considers €100bn tech fund to fight US and China rivals'
Friday 23
4:0 2019

The EU is reportedly weighing plans for a €100bn (£90bn) fund that it hopes will fuel promising European technology companies and stave off competition from larger Chinese and US-based rivals such as Amazon and Alibaba. Under proposed plans set out by civil servants in Brussels, the so-called European Future Fund would invest in sectors that have fallen behind global rivals in recent years, according to documents seen by both Politico and the Financial Times. The initiative is part of a collection of suggestions presented to the incoming president of the European Commission, Ursula von der Leyen, who enters office on ...

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Sky News : EU 'considers €100bn tech fund to fight US and China rivals'

Summary: The EU is reportedly weighing plans for a €100bn (£90bn) fund that it hopes will fuel promising European technology companies and stave off competition from larger Chinese and US-based rivals such as Amazon and Alibaba.

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