📲🇺🇸🇨🇳The U.S. and China are in a race for tech supremacy. 🌐They're home to the internet behemoths -- Amazon, Alibaba, Facebook and Alphabet -- and the U.S. looks after most of the Western world's data. China accounts for more than one-third of global patent applications for 5G technology. 🇪🇺Meanwhile, this tech war has left Europe behind, and undercut the EU's ability to protect its turf. Lionel Laurent writes: "Europe is anything but technologically sovereign right now...Both China and the U.S. see the EU as an easy mark in the global tech tussle. And they're right." 💸Recapturing sovereignty won't be easy or cheap. ☁️🖥Take cloud computing, one area where France and Germany are eyeing the building of “sovereign” domestic infrastructure for use by national and European companies. This is a $220 billion global market dominated by U.S. suppliers with market values of close to $1 trillion, which invests tens of billions of dollars every year on infrastructure. Laurent continues: "France and Germany won’t win a head-on battle in this field... But it wouldn’t be a bad thing if this trend led to France and Germany collaborating more and to Brussels doing what it does best: setting the rules of engagement for tech companies everywhere." #tech #data #west #unitedstates #china #techwar #tradewar #technology #datastorage #servers #alphabet #facebook #europe #alibaba #sovereignty #france #germany #techtax #5g ...
![A new German law would require Apple to enable third parties to use its NFC technology, which could weaken Apple Pay's appeal and lead other governments to do the same.
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If enacted, the rule would require operators of electronic money infrastructure to offer access to other firms for a fee.
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Apple is claiming that the law could weaken data protection, security of financial information, and user friendliness.
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Learn more in our Payments and Commerce briefing [link in bio].
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📸| Reuters/Stephen Lam.](../../v/t51.2885-15/sh0.08/e35/c2.0.1120.1120a/s640x640/72276344_151238382895110_7887985259728084224_n.jpg)
