EU imposes tougher checks on foreign takeovers

The EU Commission is set to carry out tougher checks on foreign subsidies to protect European companies from unfair competition and foreign takeovers. As part of that strategy, a EU investment agency could stop foreign investors from taking over strategically important European tech firms through the use of so-called 'golden shares'. The move comes as the EU is seeking "strategic autonomy" from China and the US, while defending its own economic interests. Jean-David Malo, director of the European Innovation Council, said his agency when co-funding European tech firms  "will have th...