Sunday

11th Dec 2016

Ticker

EU needs €700bn in digital investment, says commissioner

The EU needs between €600 and €700 billion in investment if it wants to be competitive with Asia and the US in the digital area, the EU commissioner in charge of the issue, Guenther Oettinger said Thursday. He told the Alpbach Forum in Austria that Europe "will lose" if it can’t develop fibre-optic networks and next-generation high-speed 5G wireless applications and networks fast enough, Reuters agency reported.

News in Brief

  1. Council of Europe critical of Turkey emergency laws
  2. Italian opposition presses for anti-euro referendum
  3. Danish MP wants warning shots fired to deter migrants
  4. Defected Turkish officers to remain in Greece
  5. Most child asylum seekers are adults, says Denmark
  6. No school for children of 'illegal' migrants, says Le Pen
  7. Ombudsman slams EU Commission on tobacco lobbying
  8. McDonald's moves fiscal HQ to UK following tax probe

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