Upgrade for EU antitrust rules, more funds for digital projects


  • World
  • Wednesday, 16 Sep 2020

European Commission President Ursula von der Leyen addresses her first State of the European Union speech during a plenary session of the European Parliament as the coronavirus disease (COVID-19) outbreak continues, in Brussels, Belgium September 16, 2020. REUTERS/Yves Herman

BRUSSELS (Reuters) - The European Commission will revise its antitrust rules early next year to keep up with global changes, and invest a fifth of its 750-billion-euro ($890 billion) COVID-19 recovery fund in digital projects, its head said on Wednesday.

Rules for billion-euro mergers and state aid to companies will be updated to ensure global companies play fairly, Commission President Ursula von der Leyen said, in remarks that underscore pressure from Germany and France to adopt a more defensive policy.

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