Eu Financial News

The Commission is concerned about the negative environmental impact caused by excessive power consumption generated by the crypto industry. "The increasing demand for crypto-assets and expansion of crypto-mining, including within the EU, could undermine EU's efforts to achieve its climate and sustainability goals, in line with the Paris Agreement," states the tender document.

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Crypto exchange Binance has urged users to convert their Euros into Tether (USDT) before the end of October, after losing the support of its banking partner.

PARIS (Reuters) — The French government rammed a long-term public finance bill through parliament without a vote, in a bid to secure billions of euros of EU funding.

Poland’s hard-right Confederation party has been growing in popularity, especially among young men fed up with the political establishment

Apple Apple Inc.'s lucrative agreement to use Alphabet Inc.'s Google as the default search engine for the iPhone includes a provision that the two tech giants will “support and defend” the deal against government scrutiny, a top Apple executive said at an antitrust trial. Their long time contract was renegotiated in 2016 to include the provision, Apple's Senior Vice President of Services Eddy Cue disclosed Tuesday in a Washington federal court, where the US government is pressing its claim that Google operates a monopoly in the search business. Cue, the architect of the most recent version of the agreement, said the provision for a joint defence was added at Google's request. He said it was handled by company lawyers so he couldn't speak directly to why it was included.

NEW DELHI : A push by India and the Philippines to renegotiate their investment agreement is moving slowly, according to persons aware of the matter. The agreement, which was signed in 2000 and came into force in 2001, expired in 2011. New Delhi has called for the agreement to be terminated and replaced by a new Bilateral Investment Treaty (BIT).

Newton Investment Management CEO Euan Munro (pictured), who joins the IA board alongside three new directors.

Considering remote working from overseas? Join the growing segment of untethered persons: In the US alone, 17.3 million Americans, 11% of the workforce, now identify as digital nomads—traditional jobholders and independent workers—an increase of 2% from 2022, according to the August 2023 report from US workforce management company MBO Partners. Another 70 million are either planning to become digital nomads over the next two to three years or are considering it. 

Richard Hallett (pictured) will co-manage the fund alongside Josh Bramwell.

The industry is «facing regulatory scrutiny around greenwashing, new and more demanding disclosure requirements, and increasing expectations from supervisors», KPMG said.

Crypto regulation in the Netherlands has led Gemini to discontinue its services in the country. In an email sent to users today, the exchange announced that it will cease offering its services starting November 17, 2023. 

Volkswagen AG is curbing the production of electric vehicle models at two German plants due to declining European demand and shrinking government subsidies.

Stablecoin issuer Circle has launched a Stellar network version of its euro-backed stablecoin, EURC, according to a Sept. 26 announcement. EURC was previously only available on the Ethereum and Avalanche networks.

European Union’s new, tougher approach to China is being shaped by French concerns that Beijing’s trade practices have started to pose a critical threat to core industries. The government in Paris has taken a key role in driving the policy shift, according to people familiar with its thinking, calculating that inaction now would put the bloc’s economy on a path to long-term damage. Officials speaking on condition of anonymity recalled the solar industry debacle a decade ago, when cheap imports from China gutted European production.

BERLIN (Reuters) — The United States hopes Europe will take similar measures to its Inflation Reduction Act to drive a «race to the top» on support for green technologies, a senior U.S. official said in Berlin on Tuesday ahead of economic talks with German counterparts.

Kraken moves toward a wider European presence with key regulatory steps in Spain and Ireland after it obtained an EU e-money license.

European Union antitrust regulators' investigation into Photoshop maker Adobe's $20 billion bid for cloud-based designer platform Figma has been put on hold while they wait for requested information from the companies. The European Commission said it stopped the clock effective Sept. 19 and will set a new deadline once the companies provide the data.

Cryptocurrency exchange Kraken has received an Electronic Money Institution (EMI) from the Central Bank of Ireland and registration as a virtual asset service provider (VASP) from the Bank of Spain.

The Financial Times reports Tuesday morning that Tesla (NASDAQ:TSLA), along with other European carmakers exporting from China, will be part of a probe by the EU into whether the country's electric vehicles industry is receiving unfair subsidies.

The European Union’s executive arm is blocking leading U.S. online travel agency Booking from acquiring Sweden’s flight booking provider Etraveli Group