Big Tech is losing a battle with Brussels

US companies may have to pay billions in new fees to hire foreign workers, and US tech groups are losing a political battle in Brussels to gain access to the EU’s financial data market. Plus, the UK joined Canada and Australia in recognising a Palestinian state on Sunday, and a Chinese retail giant is facing some growing pains on its European expansion plans.

Mentioned in this podcast:

Trump’s H-1B visa fee to hit US employers with $14bn annual bill

EU to block Big Tech from new financial data sharing system

UK, Canada and Australia recognise Palestine as an independent state

Will Benjamin Netanyahu annex the West Bank?

China’s rival to Amazon battles to go global after failed UK bids

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Today’s FT News Briefing was produced by Ethan Plotkin, Victoria Craig, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Alexander Higgins and Peter Barber. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

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