The French Connection: The Briefing for 25 April 2024

French President Emmanuel Macron said today that the EU must respond to “oversubsidies” in the US and China by introducing exemptions to competition rules to support the growth of AI and green energy companies. It’s not the first time a French politician has championed European champions to the detriment of the antitrust rules – and it likely won’t be the last. Also in The Briefing, Swisscom is sanctioned €18 million and Chile’s competition tribunal is urged to levy its first-ever interlocking directorate fines on a bank and insurance company.