Eu Financial News

By Amruta Khandekar and Shreyashi Sanyal

A French court has upheld the freezing of assets of Lebanon’s embattled central bank governor rejecting his appeal to have them released

In an interview with Cryptonews, Bernhard Blaha, co-founder of the Austrian Digital Asset Association (DAAA) and CEO of decentrally governed organization (DGO) The People's SCE, discussed the new type of digital coin: deposit tokens. 

The leaders of the Netherlands and Luxembourg have said that normalizing ties between Kosovo and Serbia would serve not only regional peace and stability but also their prospects of further integration into the European Union

The European Union's climate chief has expressed concern over the expansion of China's coal industry, with the building of new coal-fired plants

By Gavin Jones and Giuseppe Fonte

Meta Platforms comply with EU data protection rules during their investigations, Europe's top court said on Tuesday, a move likely to broaden regulators' scrutiny of Big Tech. The case before the Luxembourg-based Court of Justice of the European Union (CJEU) concerns a 2019 German cartel office order to Meta to stop collecting users' data without their consent as such a practice constituted an abuse of its market power.

Crypto giant Binance opened a regional headquarters in Paris last year, hoping to expand its business in Europe. Things haven’t gone its way. The Netherlands and Belgium have shut their doors to the exchange.

Sweden on Monday ordered four companies to stop using a Google tool that measures and analyses web traffic as doing so transfers personal data to the United States, fining one company the equivalent of more than $1.1 million. Sweden's privacy protection agency, the IMY, said it had examined the use of Google Analytics by the firms following a complaint by the Austrian data privacy group noyb (none of your business) which has filed dozens of complaints against Google across Europe.

EU antitrust regulators will decide by August 7 whether to clear Adobe's $20-billion bid for cloud-based designer platform Figma after a preliminary review, according to a European Commission filing on Monday. Photoshop maker Adobe sought EU approval last Friday.

European Union (EU) lawmakers have agreed to move ahead with the controversial European Data Act, which has previously drawn criticism from the crypto community. The act, aimed at encouraging greater use of data resources to train algorithms, would update the EU’s rules on smart contracts to include a kill switch option that would allow them to be safely terminated. Obviously, this contradicts the fundamental idea of trust in smart contracts. 

New Delhi: A successful trade relationship between India and the European Union holds the potential to significantly reshape the global economic order, but the two entities need to find common ground on various issues first, a report presented in the European Parliament said. These issues include investor protection, tariffs, alcohol markets and digital frameworks, said the report from the Jacques Delors Institute titled ‘India and the European Union in 2023: Building A Closer Economic Relationship’.

Microsoft after remedy discussions with the company to avert such a move appear to have hit a roadblock, people familiar with the matter said. Microsoft has offered to cut the price of its Office product without its Teams app following a complaint by Salesforce-owned workspace messaging app Slack in 2020 that it had allegedly unfairly integrated workplace chat and video app Teams into its Office product.

China said on Monday it would slap export controls on two rare metals essential for the manufacture of semiconductors over security concerns, as Beijing and Washington tussle over the global market for chips. Exports of gallium and germanium, of which China is a major producer, will require a license from August 1, according to a guideline issued by the Ministry of Commerce and China Customs. The final recipient of the exports and the purpose of their use will have to be specified, the text said.

semiconductor supply chain, claimed a new study by SBI Research titled «The Beginning of a New World Order of Collaborative Knowledge Economies» on Monday. The comments on the back of India securing $825 million for a new chip assembly and test facility in India by American chip maker Micron Technology. “India at present has a negligible share in semiconductor supply chain.

In September 2021, McKinsey & Co. issued a report proclaiming the arrival of the «unstoppable electric car,» predicting electric vehicles would account for more than half of all passenger U.S. car sales by 2030.

Politicians on both sides of the Atlantic are speaking out against Twitter and its owner Elon Musk after the embattled social media company suspended the accounts of a competitor and several journalists, many of whom have written critically of Musk.

artificial intelligence (AI) such as Microsoft-backed OpenAI's ChatGPT are complicating governments' efforts to agree laws governing the use of the technology. Here are the latest steps national and international governing bodies are taking to regulate AI tools:AUSTRALIA Seeking input on regulations The government is consulting Australia's main science advisory body and considering next steps, a spokesperson for the industry and science minister said in April.BRITAIN Planning regulations The Financial Conduct Authority, one of several state regulators that has been tasked with drawing up new guidelines covering AI, is consulting with the Alan Turing Institute and other legal and academic institutions to improve its understanding of the technology, a spokesperson told Reuters.

Going to the right university is as important to your potential career in finance as drinking water, eating food, or even breathing. But which universities are best? It’s a question that has plagued students for years.

Digital transformation consulting company KaarTech has raised $30 million as part of fresh funding from A91 Partners. The round marks the first external funding for the company, and is a mix of a primary and secondary raise. As a part of the transaction, Gautam Mago and Kaushik Anand from A91 Partners will join the KaarTech board.

Privacy advocates scored a big win in June with Binance’s announcement that it was backtracking on a decision to delist privacy coins for users in a number of European countries.