Eu Financial News

LONDON — The U.K. is likely to see stablecoin laws introduced in a matter of «months, not years,» according to crypto firm Circle's top policy executive.

electric vehicles will have «far-reaching» impacts on investment, production, international trade and employment, the International Monetary Fund said on Tuesday as part of its update to global economic growth forecasts. The analysis was included in the IMF's latest World Economic Outlook, which was released as policymakers meet at the IMF and World Bank annual meetings this week to discuss efforts to boost global growth, deal with debt distress and finance the green energy transition. «The rising adoption of electric vehicles represents a fundamental transformation of the global automotive industry. It will have far-reaching consequences,» the IMF said.

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

Meta shut down facial recognition software on Facebook amid a groundswell of privacy and regulator pushback, the social media giant said on Tuesday it is testing the service again as part of a crackdown on "celeb bait" scams. Meta said it will enroll about 50,000 public figures in a trial which involves automatically comparing their Facebook profile photos with images used in suspected scam advertisements. If the images match and Meta believes the ad are scams, it will block them. The celebrities will be notified of their enrollment and can opt out if they do not want to participate, the company said.

Chair of ESMA, Verena Ross, told the Financial Times that an effective regulatory and supervisory framework is lacking within the EU and therefore «is one of the areas that we need to focus on».  Ross made the case for a sector-by-sector analysis to «evaluate in which areas it would make sense to move a step further to central EU supervision».  European watchdogs call for overhaul of sustainable labels in SFDR review «We need to look particularly at all the cross-border systematically important infrastructure players,» the ESMA chair added, a measure that would include exchanges an...

Germany is focusing on attracting skilled workers from India, following new migration measures recently approved by Chancellor Olaf Scholz’s Cabinet. The move aims to streamline immigration processes and support the integration of Indian workers, addressing the critical workforce gaps caused by an ageing population. Germany, known for having the strongest economy in the European Union, faces increasing pressure to secure skilled labour to maintain economic momentum. Hubertus Heil, the German Labour Minister, emphasized India’s importance, saying, «Germany views India as an especially important partner when it comes to the issue of skilled labour migration.» The newly approved migration framework underscores the deepening economic relationship between Germany and India. With a focus on long-term economic sustainability, the German government aims to attract qualified Indian professionals across various sectors to address workforce gaps.

standard operating procedure (SOP) for negotiating its free trade agreements (FTA) and address new issues — labour, environment, digital services, gender and indigenous peoples and has temporarily paused some new trade pacts. Officials said a review of India’s trade pact with the UAE in two years after it came into force and a rise in sustainability measures being imposed by the US and the EU, have led the government to develop a new FTA strategy. These guidelines will be based on reciprocity and stronger rules of origin to prevent Chinese products entering India by misusing any of the trade pacts. “The SOPs are almost ready and we will go to Cabinet for its approval,” said an official. The SOPs assume significance as India is negotiating trade pacts with the UK, the EU, Peru, Oman, Chile and a comprehensive trade deal with Australia.

Subscribe to enjoy similar stories. New Delhi: With an eye on China, India is intensifying efforts to expand the number of Geographical Indication (GI) products to scale up exports and secure premium pricing in global markets, two people aware of the development said. GI products play a critical role in export promotion by highlighting the unique qualities tied to specific regions, cultures, and production methods.

Ukraine struck a manufacturer of military explosives deep inside Russian territory overnight, as well as storage infrastructure at a military airfield in the Lipetsk region, Kyiv's General Staff said in a statement on Sunday. Russian air defence units downed 110 Ukrainian drones over the country, Russia's defence ministry said, including one over the Moscow region, 43 over the border region of Kursk, and 27 over southwestern Lipetsk region. The Russian SHOT Telegram channel reported that drones attempted to strike the Ya. M. Sverdlov State Owned Enterprise in Dzerzhinsk city, Nizhny Novgorod region, about 400 km (250 miles) east of Moscow.

Subscribe to enjoy similar stories. India should be wary of a remodelled European Union (EU) coming down the turnpike. The 27-member bloc, in addition to its internal contradictions, is fraying at the edges with multiple members expressing displeasure openly.

Facebook and WhatsApp parent Meta has invited comments from the public on the posting of immigration-related content that may be harmful to immigrants and shared two cases that Facebook moderators decided to keep on the platform. The board plans to assess whether Meta’s decision to only protect refugees, migrants, immigrants, and asylum seekers from the most severe attacks on its social media platforms under its hate speech policy is adequate. The board is funded by the social media giant but operates independently. After gathering public comments, it can issue non-binding policy recommendations to Meta.

The United States says it is disappointed with a decision by the Swiss government not to adopt all measures in the latest round of European Union sanctions against Russia over its war in Ukraine

Rachel Wolfson has been covering the cryptocurrency, blockchain and Web3 sector since 2017. She has written for Forbes and Cointelegraph and is the host and founder of Web3 Deep Dive podcast.

Cyprus banks say their exposure to risky Russian and Ukrainian businesses shrunk by more than 13,000 clients and 35,000 accounts amounting to $2.17 billion in the year after Moscow’s 2022 invasion of its neighbor as they fully adhered to sanctions that...

Workers in Italy’s troubled automotive sector are holding a national strike for the first time in 20 years, with a massive demonstration being held in the center of Rome

Subscribe to enjoy similar stories. “TO GET RICH is glorious" is the maxim that inspired one of the most successful development strategies of the past 50 years. It’s an aspiration widely shared across developing countries—and for good reason.

Meta's independent content watchdog said Thursday there were «serious questions» about how the social media giant deals with anti-immigrant content, particularly in Europe. The Oversight Board, established by Meta in 2020 and often called its «supreme court», launched a probe after seeing a «significant number» of appeals over anti-immigrant content. The board has chosen two symbolic cases-one from Germany and the other from Poland-to assess whether Meta is following human rights law and its own policies on hate speech.

Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...

Subscribe to enjoy similar stories. China reiterated that it may raise tariffs on imported internal-combustion-engine cars with large engines sizes, after the European Union voted earlier this month to increase import duties on China-made electric vehicles. The Ministry of Commerce is studying measures related to raising tariffs on imports of large-engine, fuel-powered cars, and will make a decision after considering relevant factors, ministry spokesperson He Yadong said at a Thursday press conference.

X that it may calculate fines against the social-media platform by including revenue from Elon Musk’s other businesses, including Space Exploration Technologies Corp. and Neuralink Corp., an approach that would significantly increase the potential penalties for violating content moderation rules. Under the EU’s Digital Services Act, the bloc can slap online platforms with fines of as much as 6% of their yearly global revenue for failing to tackle illegal content and disinformation or follow transparency rules. Regulators are considering whether sales from SpaceX, Neuralink, xAI and the Boring Company, in addition to revenue generated from the social network, should be included to determine potential fines against X, people familiar with the matter said, asking not to be identified because the information isn’t public. The European Commission has been investigating X for several potential breaches of the Digital Services Act, newly introduced rules meant to ensure platforms police illegal content. The EU is leading a global crackdown on harmful online content and disinformation that’s sparked increasingly vocal responses from Musk, who has said such measures restrict free speech.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...