Eu Financial News

Russian President Vladimir Putin has ordered one of the top commanders of the Wagner military contractor to take charge of “volunteer units” fighting in Ukraine

Key Takeaways

Cryptocurrency exchanges are adopting alternative strategies to conduct business in the face of tighter crypto regulatory environments worldwide. Signs are everywhere.

By David Shepardson

The National Bank of Georgia (NBG) has announced that it will advance its research on a digital lari central bank digital currency (CBDC) in a limited-access live pilot environment. Nine companies, including Ripple Labs, will take part in the project, and one of them will be selected to move forward to the next stage of testing.

European Union is examining alleged anticompetitive abuses in chips used for artificial intelligence, a market which Nvidia dominates, Bloomberg News reported on Friday, citing people familiar with the matter. To understand if there could be the need for future intervention, the European Commission has been informally collecting views on potentially abusive practices in the sector for graphics processing units (GPUs), which are used for AI work as well for gaming, the report said.

By David Milliken and Andy Bruce

Inflation has sharply dropped in Europe

Slovakia holds an early parliamentary election on Saturday that pits populist former Prime Minister Robert Fico who campaigned on a clear pro-Russia and anti-American message against a liberal pro-West newcomer

European Union governments are struggling to overcome obstacles to put a new asylum system in place three years after unveiling a plan to reform the bloc's outdated asylum rules

AMSTERDAM (Reuters) -U.S. carrier JetBlue Airways (NASDAQ:JBLU) said on Friday it had filed a complaint against the Netherlands and the European Union to the U.S. Department of Transportation over the Dutch government's move to curb traffic at Amsterdam's Schipol Airport.

New York-headquartered crypto exchange Gemini has decided to quit the Netherlands, following in the footsteps of crypto giant Binance. The company cites its inability to meet regulators’ requirements but says it intends to return to the Dutch market. 

By Jan Strupczewski

By Jan Strupczewski

L’amant Café, Vietnam’s premier organic coffee brand, is all set to enter the Indian market. This follows the brand signing an MoU with its Indian partner Rayanssh Impex, announcing the café’s mission to introduce Vietnamese organic coffee.

On Tuesday, the European Commission awarded an 800,000 euro ($842,000) contract as part of its efforts to address the environmental impact of cryptocurrencies.

German inflation fell in September to its lowest level since Russia launched its full-scale invasion of Ukraine, signalling what could be the beginning of the end for the high inflation that has weighed heavily on Europe's largest economy. German consumer prices, harmonised to compare with other European Union countries, rose by an annual 4.3% in September, preliminary data from the federal statistics office showed on Thursday. Analysts polled by Reuters had forecast a fall to 4.5% from 6.4% year-on-year in August. Germany's core inflation rate, which excludes volatile items such as food and energy, fell to 4.6% year-on-year from 5.5% in August. Food prices continued to show above-average growth, posting a 7.5% year-on-year increase.

Amazon has won court backing for now in its fight against EU tech rules that label it as a very large online platform (VLOP) required to provide researchers and authorities access to its ad repositories to see how ads are targeted. The U.S. online retailer took its grievance to Europe's second highest court, the Luxembourg-based General Court, in July after EU antitrust regulators in April designated it as a VLOP along with 18 other platforms and search engines.

By Gwladys Fouche

Europe remains fertile ground for the cryptocurrency ecosystem to flourish compared with harsher regulatory environments, according to prominent speakers at Blockchain Expo Europe 2023 in Amsterdam.

Binance CEO Changpeng Zhao has distanced himself and the company from the ownership of CommEX, the newly launched digital asset exchange that will take possession of Binance’s Russian entity.