The U.S.-EU Trade and Technology Council (TTC) will give Europe more clout and set standards and rules for the 21st century, the EU's trade and digital chiefs said, underscoring global concerns about China's growing power. The comments by Valdis Dombrovskis and Margrethe Vestager came ahead of the first TTC meeting in Pittsburgh on Wednesday and as the United States and Europe face off with China in areas ranging from trade to defence to technology and human rights. "TTC is not about any specific third country, it is about cooperation and coordination on a number of policy areas between the United States and the EU," he said.
The declared aim of a new defense agreement comprising the U.S., U.K. and Australia, christened AUKUS, is to maintain a “free and open Indo-Pacific,” with nuclear-powered submarines potentially on patrol. But you can add it to the list of arrangements among democracies attempting to counter China’s growing power.
The Google Cloud Platform is cutting its percentage revenue share to 3% from 20%, CNBC said, citing a person familiar with the matter. Earlier this year, Google cut the service fee it charges developers on its app store by half on the first $1 million they earn in revenue in a year.