EU Needs Deregulation to Keep Up with Trump, Ericsson CEO Says
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Ericsson AB’s head urged European politicians to cut red tape in the technology and telecommunications sectors to avoid a widening gap with the US that he said will likely get worse under incoming US President Donald Trump.
Europe is on track to add new regulations, while the US appears poised to liberalize, Ericsson’s Chief Executive Officer Börje Ekholm said Thursday at a press event in Brussels. “So that delta is highly likely to increase, unless we’re very careful.”