Eu Financial News

algorithms have the remarkable ability to curate content that keeps you hooked on the platform. Not only do algorithms decide the content shown on social media feeds, they influence consumer choice by controlling suggestions on ecommerce websites, and are even used by governments to process data for the provision of citizen benefits.

X, formerly known as Twitter, has stopped showing headlines on articles shared on the platform

Crypto firms in the Netherlands, including Bitvavo and Coinmerce, have achieved a partial victory in their legal battle against fees totaling $2.3 million imposed by Dutch regulators. They argued that these fees were excessive and discriminatory.

FRANKFURT (Reuters) — Euro zone inflation is falling but the fight is not yet won and the high rate of underlying price growth remains worrisome, Bundesbank President Joachim Nagel said on Thursday.

United States-based exchange Kraken has announced a pending deal to acquire Netherlands-based cryptocurrency exchange Coin Meester B.V. (BCM) as it sets its sights on European expansion.

Bank of England governor Andrew Bailey (pictured) credit: Bank of England

BERLIN (Reuters) — German exports fell a more-than-expected 1.2% in August from the previous month, data from the federal statistics office showed on Thursday.

Google executive on Wednesday about techniques the search and advertising giant used to push up online advertising prices in an allegedly unfair way. Testifying at a once-in-a-generation antitrust trial in Washington where the United States has accused Google of abusing its dominance of search and some advertising, Google executive Adam Juda said the company uses a formula, which includes the quality of an ad, to decide who wins auctions that are used to place advertising on websites.

Key Takeaways

By Michael Erman

By Diane Bartz

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

The Bank for International Settlements (BIS) and four European central banks have rolled out a Proof-of-Concept (PoC) system to track the global flow of cryptocurrency assets. 

European Union countries have overcame a new obstacle in their yearslong quest to overhaul the bloc’s asylum rules

Hungary’s foreign minister says that his government wants guarantees from Kyiv that a Hungarian bank that was removed from a Ukrainian list of sponsors of Russia’s war will not be placed back on that list in the future

In its fervour to achieve net zero emissions the federal government is increasingly isolated internationally, while its influence on other countries has vanished as, through incompetence and worse, it has tarnished Canada’s brand as a country to emulate.

The European Commission is conducting risk assessments and considering export controls on “critical technology areas,” including artificial intelligence (AI) and semiconductor technologies, according to a press release from the ommission. 

The Bank for International Settlements (BIS) has developed a proof-of-concept (PoC) for a system tracking on-chain and off-chain transactions from cryptocurrency exchanges and public blockchains, including Bitcoin.

By Jonathan Cable

Google, Meta Platforms and other large online platforms' content moderation restrictions after some media outlets complained about arbitrary decisions removing their content. The draft rules require online platforms to carry news content for 24 hours before taking it down if this breaches their content moderation rules.

India's government has assured domestic steelmakers that it is looking at ways to address their concerns about the EU's planned tariffs on imports of high-carbon goods and is discussing the issue with its European counterparts, a government official said. «We are discussing with stakeholders and continuing to look at ways in which India's trade interests in steel could be safeguarded,» Nagendra Nath Sinha, the most senior civil servant at the federal Ministry of Steel, told Reuters in an interview on Tuesday. "(India's) government has raised its concerns at both bilateral and multilateral levels with the EU," he said, adding the tariffs would impact India's steel exports. The European Union this year approved the world's first plan to impose tariffs on imports of high-carbon goods including steel and cement as part of its aim to reach net zero greenhouse emissions by 2050. The proposal has caused widespread unease among top exporters of commodities such as steel to the EU. India's industry officials have warned that exports worth billions of dollars would face steep tariffs. The Carbon Border Adjustment Mechanism (CBAM) through which the EU plans to impose the tariffs ranging from 20% to 35% comes into effect from 2026. Exporters to the European Union will then need to purchase certificates to cover carbon emissions to put foreign producers on a level footing with EU industries that must buy permits from the bloc's carbon market when they pollute. Research group Wood Mackenzie in a recent report said that by 2034, the cost of India's steel exports to the EU would rise by 56% due to CBAM. As part of an initial phase of the CBAM, the 27-nation bloc has already asked EU importers to report the greenhouse gas