Private equity firm KKR has received approval from the European Union for its acquisition of a minority stake in Telecom Italia. The deal, valued at around 1.8 billion euros, will give KKR a 37.5% stake in the Italian telecommunications company. This move marks KKR’s first major investment in the European telecom sector.
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Brussels accuses AliExpress of breaking EU digital rules
The EU has accused AliExpress of violating digital regulations by inadequately preventing the spread of illegal content, including counterfeit and unsafe products, as part of a broader crackdown on Chinese online retailers. This action follows the implementation of the Digital Services Act, which mandates stricter policing of platforms and carries penalties for non-compliance, while the EU also investigates other e-commerce sites like Shein. Need More Context? 🔎
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