Eu Financial News

Five European Union countries will extend their ban on Ukrainian grain to protect their farmers’ interests

French banking giant Societe Generale’s crypto arm has received a full Digital Asset Service Provider (DASP) license from the country’s financial regulator Autorité des Marchés Financiers (AMF).

Computer chip and software maker Broadcom’s $61 billion plan to buy cloud technology company VMware has cleared another hurdle after Britain’s competition regulator gave the deal provisional clearance

The European Union says the American candidate to become one of the bloc’s chief economists will now not take up the position because of the political controversy it has stirred

A top EU official says TikTok needs to do more to get ready for new European Union digital rules taking effect next month aimed at keeping users safe online

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Russian experts think the Central Bank will roll out its digital ruble by 2025, with the nation’s biggest banks expressing their eagerness to work with the central bank digital currency (CBDC).

India has significantly improved its passport ranking by rising 5 spots from last years and is now ranked 80th in the latest Henley Passport Index. Owning to this, Indians can travel to 57 destinations completely visa free or visas on arrival arrangements.  However, it is to be noted here that India has scored poorly in mobility.

Tata Motors-owned Jaguar Land Rover (JLR) is set to announce its plans to build a flagship electric car battery plant in the UK, a source familiar with the matter said as reported by Reuters.  Tata had been choosing between a site in Somerset, southwest England, and one in Spain to supply a new range of electric Jaguar and Land Rover vehicles. Bloomberg was first to report on Tuesday that the factory was set to be announced this week.

Reuters. She was visiting Vasanello, a village north of Rome In Greece, authorities told citizens close to a forest fire in Dervenochoria, north of Athens, to shut doors and windows as smoke approached. Extreme weather conditions are affecting Americans across the country.

European Union and Latin American leaders have concluded a summit that was supposed to be a love-in after eight years of separation, but instead ended with aggravation over the failure to unanimously support even a bland statement on Russia’s invasion ...

French President Emmanuel Macron isn't happy that the European Union head office plans to hire an American expert as its chief competition economist

On July 11, the European Commission formally adopted its new strategy on Web4 and virtual worlds with the aim of ensuring “an open, secure, trustworthy, fair and inclusive digital environment” for European Union citizens. The strategy is based on four main pillars, revolving around the empowerment of human resources, support of businesses, further development of public services, and shaping of global standards for “Web 4.0” — a freshly coined term that attempts to preempt the next technological wave.

TikTok needs to do more to get ready for new European Union digital rules designed to keep users safe online, a top official said Tuesday. The results of a «stress test» that the popular video-sharing platform carried out at its Dublin office showed that «more work is needed to be fully ready» for when the Digital Services Act takes effect next month, European Commissioner Thierry Breton said in a statement. Breton, who oversees the 27-nation bloc's digital policy, tweeted a silent video of himself discussing the results by video call with TikTok CEO Shou Zi Chew.

Tata has chosen to build an electric vehicle battery plant in southwest England, Bloomberg reported on Tuesday, a win that would bolster the country's automotive industry against stiff global competition. Tata has chosen a site in Somerset to supply a new range of electric Jaguar and Land Rover vehicles and is set to outline its decision as soon as this week, the Bloomberg report said, citing unnamed people familiar with the plans.

India’s exports to the European Union (EU) and the country’s flagship production-linked incentive (PLI) scheme could attract a higher degree of scrutiny in the EU after the world’s largest trading bloc came out with a regulation prohibiting foreign subsidies that distort competition, the Global Trade Research Initiative (GTRI), a New Delhi-based think tank, said in a report. The new Foreign Subsidies Regulation is among a series of regulatory changes by the EU that may disrupt trade, and minimizing the impact of such regulation is crucial for India as the 27-member bloc is one of its largest export markets.

Tata Group to build a battery plant supplying a new range of electric Jaguar and Land Rover models. Tata has chosen a site in Somerset, west England, owned by Salamanca Group, an investment and advisory business with roots in real estate, people familiar with the plans said. The Indian parent of the British brands will outline its decision as soon as this week, said the people, declining to be named discussing non-public information. Tata previously considered building its battery site in Spain, but a decision in favor of the UK will help to secure the future of JLR’s plants in its traditional home market. The cell factory will have an eventual capacity of 40 gigawatt hours, enough to supply roughly half a million vehicles per year depending on the size of the batteries.

The European Union has been vocal about its place in the rapidly expanding ecosystem of emerging technologies. 

Microsoft shows the limit of its ability to kill mega-deals on its own, even if some agreed with its opposition to the U.S company's $69 billion acquisition of Activision Blizzard. The Competition and Markets Authority (CMA) is increasingly isolated over the Xbox maker's bid to buy the company behind «Call of Duty» after U.S. regulator, the FTC, failed to block it in court last week.

New Delhi; India’s exports to the European Union (EU) and the flagship production linked incentive scheme could attract higher degree of scrutiny after the world's largest trading bloc came out with a regulation that prohibits foreign subsidies which distorts competition, Global Trade Research Initiative (GTRI) said in a report. The new "Foreign Subsidies Regulation" is among the barrage of regulatory changes enforced by the EU that is feared will disrupt trade.

economic growth, and now a new technology is in the works that promises to support growth when it is about to seriously decline in several countries. A team of scientists at Harvard claims to have found a chemical cocktail that has the potential to reverse the aging process. «We've previously shown age reversal is possible using gene therapy to turn on embryonic genes,» said David Sinclair, one of the researchers.