Eu Financial News

Gary Wang, FTX co-founder, began his testimony against Sam Bankman-Fried on Thursday, alleging that he and his former college roommate and boss committed financial crimes and lied to the public before the cryptocurrency trading platform collapsed last year.

The leaders of opposition parties that collectively won the most votes in Poland’s recent elections say they have agreed to form a government together

An ambitious 2021 agreement by more than 140 countries and territories to weed out tax havens and force multinational corporations to pay a minimum tax has been weakened by loopholes and will raise only a fraction of the revenue that was envisioned, a ...

Prime Minister Viktor Orbán has compared Hungary’s membership in the European Union to more than four decades of Soviet occupation

The letter, issued a week before the international AI Safety Summit in London, lists measures that governments and companies should take to address AI risks.

EU Tax Observatory said on Monday. If levied, the sum would be equivalent to only 2% of the nearly $13 trillion in wealth owned by the 2,700 billionaires globally, the research group hosted at the Paris School of Economics said. Currently billionaires' effective personal tax is often far less than what other taxpayers of more modest means pay because they can park wealth in shell companies sheltering them from income tax, the group said in its 2024 Global Tax Evasion Report. «In our view, this is difficult to justify because it risks to undermine the sustainability of tax systems and the social acceptability of taxation,» the observatory's director Gabriel Zucman told journalists. Billionaires' personal tax in the United States is estimated to be close to 0.5% and as low as zero in otherwise high-tax France, the Observatory estimated. Growing wealth inequality in some countries is fuelling calls for the richest citizens to bear more of the tax burden as public finances struggle to cope with aging populations, huge financing needs for climate transition and legacy COVID debt. U.S.

NEW DELHI : JSW Steel Ltd, India’s second-largest maker of the alloy, plans to establish a green steel manufacturing facility by 2030 as part of its response to the European Union’s (EU’s) Carbon Border Adjustment Mechanism (CBAM), said Jayant Acharya, joint managing director and chief executive. “We are looking to set up a lower carbon-emitting facility for steel in the western part of India, subject to board approval. With this, we will be able to provide low-carbon steel for both the international and domestic markets," Acharya said in an interview.

European Union Herve Delphin on Monday said making the EU-India strategic partnership a defining force for the world of today and tomorrow will be his key focus. Delphin said the EU's partnership with India is one of the most significant relationships developed by the grouping on the global stage. The EU ambassador to India made the remarks after presenting his credentials to President Droupadi Murmu at an official ceremony at the Rashtrapati Bhavan.

Israel and Palestinian militant group Hamas even as some member governments signalled reservations about the idea. Josep Borrell, the EU's foreign policy chief, said he backed a call by U.N. Secretary-General Antonio Guterres for a break in the conflict to allow much more humanitarian aid to reach Palestinian civilians in the besieged Gaza Strip. EU officials also drafted a statement in support of the proposal for an EU summit later this week, although they cautioned the text could still change in the coming days. The moves reflected increasing alarm about the fate of Palestinian civilians after two weeks of Israel bombarding and blockading Gaza in response to the Oct.

(Reuters) — Euro zone consumer confidence fell by 0.1 points in October from the September number, figures released on Monday showed.

Elections are shining a spotlight on struggling emerging markets, with the prospect of fresh leadership unlocking opportunities in the asset class.

tax havens and force multinational corporations to pay a minimum tax has been weakened by loopholes and will raise only a fraction of the revenue that was envisioned, a tax watchdog backed by the European Union has warned. The landmark agreement, brokered by the Organization for Economic Cooperation and Development, set a minimum global corporate tax of 15%. The idea was to stop multinational corporations, among them Apple and Nike, from using accounting and legal maneuvers to shift earnings to low- or no-tax havens.

Following Visa and Mastercard's termination of partnerships with Binance a couple of months ago, the world's largest cryptocurrency trading platform is now ceasing service of its Visa debit card in the European Economic Area (EEA).

ZURICH (Reuters) -European authorities have approved online luxury retailer Farfetch (NYSE:FTCH)'s purchase of a stake in rival Yoox (BIT:YNAP) Net-A-Porter from Richemont in the last regulatory approval needed, Richemont, the owner of Cartier, said on Monday.

Israel-Hamas war becoming a wider conflict. Egyptian President Abdel-Fattah El-Sisi said he'd agreed with US President Joe Biden that the Rafah crossing should be open “sustainably.” The Israeli Defense Force said it was responding with live fire on Saturday to a number of launches made toward Israel by Lebanon. Lebanon's state-run National News Agency reported earlier that Israel's military struck a village near the countries' border. Switzerland's top prosecutor announced the start of a criminal investigation into alleged payments made to Hamas weeks before the attacks on Israel, the Swiss public broadcaster reported on Saturday. Attorney General Stefan Blaettler said the accusation centers on financial support to a terrorist organization, while declining to say who the proceedings are directed against. Egypt opened its crisis summit in Cairo with the leaders of Italy, Qatar, the United Arab Emirates, Jordan and South Africa among those on hand, as well as senior officials from the EU, Turkey, Russia and China.

FTX users are reportedly being targeted in a withdrawal scam. X (formerly Twitter) user and FTX creditor advocate Sunil cautioned FTX account holders about the phishing scam and urged them to avoid clicking on dubious links.

Gaza Strip after dislodging Hamas have begun discussing possibilities, including potentially installing an interim government backed by the United Nations and with the involvement of Arab governments, people familiar with US government deliberations said. The discussions are still at an early stage and hinge on developments yet to unfold, not least of which would be success in an Israeli ground assault, according to the people, who asked not to be identified detailing private deliberations. And any such possibility would need buy-in from Arab nations around the region, which is by no means certain. Israeli officials have said repeatedly that they don’t intend to occupy Gaza, but they’ve also said that continued rule by Hamas is unacceptable after the Oct.

(Reuters) — S&P Global is the first among the “big three” rating agencies to upgrade Greece to investment grade since the country’s debt crisis in 2010.

Greek Prime Minister Kryiakos Mitsotakis announced the establishment of an advisory committee to create a national strategy for artificial intelligence (AI) in Greece on Oct. 19.

By Andrea Shalal and Jeff Mason

Binance Visa debit card services will close down in the European Economic Area (EEA) on December 20, according to an announcement by the cryptocurrency exchange on Oct. 20. Binance accounts will be unaffected.