Caroline Rush, who has led the not-for-profit industry body since 2009, was speaking after the recent launch of the first ever digital London Fashion Week.
Former Facebook executive Chamath Palihapitiya told the CB Insights conference that regulators are going to come down hard on Big Tech in the next 10 years.
The App Store is one of Apple's most important services, a fast-growing unit that brought in over $46 billion in 2019, accounting for nearly 18% of the company's revenue. Investors see the services business as a growth engine for Apple, and the company has set a public target of $50 billion in services sales this year.
Hungary is against the idea of making upcoming EU-wide stimulus conditional on respecting the Union's democratic values — an opinion that's likely to spark further tension with its European partners.
The United States has shocked Europe by pulling out of negotiations over an international digital tax and threatened to retaliate if the region moves ahead with plans on its own.
New York Gov. Andrew Cuomo is holding his daily news conference Wednesday as the state begins to see its Covid-19 outbreak ease and pushes further into reopening.
The European Commission proposed Wednesday to have a bigger say when foreign state-backed firms buy stakes in European companies to a point where it could prohibit the merger.
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