Eu Financial News

Microsoft says it will change the way it sells its Teams videoconferencing service to business customers in Europe in a push to address concerns raised in a European Union antitrust investigation. The software giant said Thursday that it plans to offer business customers the chance to buy a lower-priced version of its productivity suites that doesn’t include the videoconferencing app. New customers would still have the option of purchasing Teams separately if they want the service.

Microsoft will stop packaging its Teams videoconferencing app with its Office software in Europe in an effort to head off antitrust penalties by regulators

Eurozone inflation remains stubbornly high even as other signs point to a slowing economy, presenting the European Central Bank with the tricky task of cooling already anemic demand without pushing the region into a prolonged recession. The surge in energy and food prices that followed Russia’s invasion of Ukraine has left the eurozone with higher inflation and weaker growth than in the U.S. When ECB policy makers raised the bank’s key rate last month, they signaled that they might pause at their next meeting, which is scheduled for Sept.

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Inflation paused its decline in Europe in August

Twitter), tech billionaire Elon Musk has shared that the features will soon be coming to the micro-blogging platform, putting it in direct competition with Facebook, Instagram and WhatsApp. These upcoming features will work on iOS, Android, Mac and PCs, Musk stated. He clarified that no phone numbers would be needed to access the features. Taking to X, he wrote, «Video & audio calls coming to X. Works on iOS, Android, Mac & PC. No phone number needed. X is the effective global address book.» The new Twitter feature has been teased several times in the past, and it is now likely to finally make its debut in an upcoming update.

Treasury is considering banning “screen scraping” of financial data from bank accounts, a move that could force data sharing across the financial services sector into the alternative open banking regime.

While United States regulators such as Securities and Exchange Commission Chair Gary Gensler make bad-faith claims that “there’s been clarity for years” when it comes to cryptocurrency, the European Union took real action in April when it passed the Markets in Crypto-Assets (MiCA) regulatory framework. While imperfect, it was a crucial move in the right direction for our industry and a signal to the U.S. that it will be left behind if it continues to stand still and rely on antiquated regulations.

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The United States Copyright Office issued an official request for comments and notice of inquiry on copyright and artificial intelligence (AI) in the Federal Register on Aug. 30. 

Also Read: ‘Invite to African Union made G20 more inclusive’ The G20, consisting of 19 individual nations (Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Türkiye, United Kingdom, and the United States) along with the European Union, collectively forms a prominent international assembly. As per the central government website on the G20 Summit, the G20 was upgraded to the level of heads of state, and government in the wake of the global economic and financial crisis of 2007, and, in 2009, was designated the “premier forum for international economic cooperation". The G20 Presidency oversees the G20 agenda over a span of one year and takes on the role of hosting the Summit.

UIDAI made this announcement via an office memorandum dated February 6, 2023. Earlier, in column numbers 5 and 8 of the forms for the 0-5 and 5-18 age categories that «Birth certificates with name as Baby of… is not allowed.» After further consideration, the foregoing condition is revoked with immediate effect. According to the latest office memorandum dated August 25, 2023, “In the Forms for 0-5 and 5-18 age groups, it is mentioned under column no. 5 and 8 that ‘Birth certificate with name as Baby of………… is not allowed’. 3. The matter has been reconsidered and above condition is withdrawn with immediate effect.” According to the UIDAI office memorandum dated February 6, 2023: As part of the strengthening of Aadhaar enrolment ecosystem, E&U-I Division has issued OM No. HQ-16024/4/2020-EU-I-HQ Part (1) dated 21.09.2022 with direction to collect the Aadhaar number of both the parents along with biometric authentication of any one parent at the time of enrolment with some exceptions. In continuation to the above, it is decided to use separate forms for Aadhaar enrolment and update of Adult residents (>18 years) and Children (0-5 and 5-18 age groups separately)

shops in the national capital will have to remain closed from September 8 to September 10 in view of the G20 Summit that will be held in Delhi, and all employees in Delhi will be granted ‘paid holidays’ on these days. The government has directed shops, businesses, and commercial establishments in the New Delhi district to grant paid holidays to their employees and workers during the G20 summit. The Delhi government had issued a notification declaring a public holiday in the national capital on September 8–10.

Piyush Goyal on Tuesday said that the current year shows some challenges with the geopolitical situation across the world, concerns around inflation and slowing growth which is impacting certain sectors such as petroleum, natural diamonds, readymade garments and chemicals. At an event organised by the Federation of Indian Export Organisation (FIEO), he emphasised on value, volume and quality of exports and that India is trying to unlock newer markets through free trade pacts, collaboration work different countries, encouraging investments in modern technology, looking for digitalization and technology adaption. “The current year does show some challenges with the geopolitical situation across the world with concerns around inflation slowing growth and the impact that we have seen in certain sectors,” Goyal said. He said the target for 2030 is to have $1 trillion of goods exports and $1 trillion of service exports, and that India aspires to to become a $35 trillion economy by 2047. The minister also met various export promotion councils earlier in the day where issues related to the EU’s Corporate Sustainability Due Diligence Directive, and Carbon Border Adjustment Mechanism were taken up. “Issues related to high imports of gold and some chemicals but the low exports of gems and jewellery were discussed,” said an industry representative who participated in the meeting, adding that exporters assured the government of reaching $450 billion of goods exports in the next seven months. Officials said that petroleum products, marine products and inorganic chemicals were among the 15 key product categories where export volumes rose but value fell in April-June FY24. At the FIEO event, Goyal said that India’s space sector is not

Both ETFs carry an ongoing charges figure of 0.45%.

A London-based money manager has just attached an ESG label to a Bitcoin exchange-traded fund, in a move that has environmental experts doing a double take.

The first-ever spot Bitcoin exchange-traded fund (ETF) launched on the European market has been classed as an Article 8 fund by its issuer firm, London-based Jacobi Asset Management. Funds included under Article 8 of the European Sustainable Finance Disclosure Regulation (SDFR) are those that “promote environmental and/or social characteristics.” 

Rahul Gandhi is likely to visit Europe next month to meet European Commission lawmakers in Belgium besides addressing students at a university in Paris, according to a report published by the news agency PTI. Sources said that the Congress leader is also likely to address the Indian diaspora at an event in Oslo in early September. Rahul Gandhi is likely to leave for Paris in the first week of September for a five-day tour to Europe.

Google plans to update some of its service policies in order to comply with the European Digital Services Act (DSA) according to a blog post on Aug. 24. 

Bitcoin (BTC) starts a new week struggling with $26,000 as August becomes its worst month of 2023.

Commerce Secretary Gina Raimondo is the latest member of President Joe Biden’s Cabinet to visit China as his administration tries to mend the deteriorating ties between the world’s two largest economies