Some people say we all have a moral obligation to seperate fools from their money. That is nonsense of course. But how far would you go to protect a fool from losing his money? Especially if you are the person who he could be losing it to? This is not the type of post that ends with some good advice. I have no idea what the answer is. Maybe you do have a clear idea about your moral obligations as an entrepreneur or maybe it will lead to an interesting discussion....

Apple is in the EU’s crosshairs once again. The European Commission has charged the iPhone maker with breaking antitrust laws by imposing unfair rules on distributing apps via the App Store. The EU’s executive arm accused Apple of abusing its market power in two ways: forcing developers to use Apple’s own in-app payment system — which gives the tech giant a 30% cut — and banning them from informing customers about alternative subscription options....

The European Commission is set to unveil a new set of regulations for artificial intelligence products. While some AI tech would be outright banned, other potentially harmful systems would be forced through a vetting process before developers could release them to the general public. The proposed legislation, pera leakobtained by Politico’s Melissa Heikkila, would ban systems it deems as “contravening the Union values or violating fundamental rights.” The regulations, if passed, could limit the potential harm done by AI-powered systems involved in “high-risk” areas of operation such as facial recognition, and social credit systems....

The EU has slapped four leading German carmakers with a combined fine of $1 billion (€875 million)for colluding to prevent the deployment of clean emissions technology. Up front:The European Commission ruled that Daimler, BMW, and the Volkswagen Group (Volkswagen, Audi, and Porsche) had collectively agreed to limit the development of tech that couldrestrict pollution from gasoline anddieselcars. Daimler, however, avoided a fine after revealing the group’s existence. Margrethe Vestager, Executive Vice-President of the Commission, said the collusion broke EU antitrust rules:...

On Wednesday, the European Union spelled doom for petrol and diesel cars, proposing to ban the sale of new “traditional vehicles” by 2035. The ban is part of the “Fit for 55” climate package measures that aim to combat global warming. The European Commission made the following encouraging proposals: This means that, by 2035, all new vehicle registered within the27-country blocwill be battery-powered. Such vehiclescurrently make upabout a tenthof new registrations in the EU....