Eu Financial News

27.08 / 16:44

COST voice 2020 Courts rights Destinations Long-running battle over lucrative beach concessions between Italy and EU could be in final chapter

The latest chapter in a seemingly endless saga over the management of Italy’s lucrative beach concessions has set Italian beaches on fire this summer

27.08 / 16:34

CEO Telegram Platform social reports Investigations Pavel Durov, detained in France, has nothing to hide, Telegram says

Pavel Durov, the Russian-born founder of Telegram who was arrested in Paris, has nothing to hide it is absurd to hold an owner responsible for abuse of the messaging and social media platform, Telegram said in a statement. Durov, a 39-year-old billionaire cast as "Russia's Mark Zuckerberg", was arrested at Le Bourget airport outside Paris shortly after landing on a private jet late on Saturday from Azerbaijan. The arrest of the Telegram CEO prompted a warning from Moscow to Paris that he should be accorded his rights, and criticism from X owner Elon Musk who said that free speech in Europe was under attack.

27.08 / 16:13

Provident country 2020 Courts rights Dutch watchdog fines Uber $324 million for alleged inadequate protection of drivers' data

The Dutch data protection watchdog has slapped a 290 million euro ($324 million) fine on ride-hailing service Uber for allegedly transferring personal details of European drivers to the United States without adequate protection

27.08 / 15:57

CEO Telegram Platform WhatsApp reports Investigations What is Telegram and why was its CEO arrested in Paris?

Pavel Durov, the founder and CEO of the messaging app Telegram, was arrested in Paris over the weekend over allegations that his platform is being used for illicit activity such as drug trafficking and the distribution of child sexual abuse images

26.08 / 20:06

Target Waters Death Trade War reports Fires break out on abandoned Greek-flagged oil tanker Sounion that Yemen rebels attacked in Red Sea

Fires have broken on a Greek-flagged oil tanker previously attacked by Yemen’s Houthi rebels this week

23.08 / 09:10

European Commission approves ten-year UK sunset clause extension for VCTs and EIS

In a decision published on 14 August, the executive arm of the EU said it would not raise objections to the UK government's extension of the existing VCT and EIS regimes from 5 April 2025 by a decade. This confirmation, which is needed as part of the Brexit withdrawal agreement, ensures that VCTs/EIS can continue offering their current tax reliefs until 5 April 2035 but further approval will be required after this date. According to the Commission, extending the sunset clause until 5 April 2035, along with allocating an estimated budget of £100m for the ten-year period, is sufficient ...

23.08 / 03:28

markets Digital Landmark security Mobile Apple Browser Apple to let iPhone users in Europe delete its App Store

Apple will allow iPhone and iPad users in the European Union delete the App Store or its Safari browser, the tech giant told developers on Thursday. Apple had long fiercely protected the App Store as the lone gateway for digital content to get onto its popular mobile devices. The change comes as the company loosens its grip on devices in the EU due to the bloc's landmark new digital rules. «The App Store, Messages, Camera, Photos, and Safari apps will be deletable for users in the EU,» Apple said on a support page for developers.

23.08 / 02:47

Target security wellness Trade War boating French destroyer rescues 29 mariners from oil tanker stricken in Red Sea attacks

A French destroyer rescued 29 mariners from an oil tanker that came under repeated attack from Yemen's Houthi rebels in the Red Sea, while also destroying a bomb-carrying drone boat in the area

23.08 / 01:43

FIVE Waters Manufacturing Trade Universities reports Vindhya Telelinks looks to hive off fibre infra biz, sell majority stake

₹1,830 crore. The companies had not responded to queries from Mint till press time. Vindhya Telelinks, an MP Birla Group company, was formed as a public-private joint venture between Universal Cables Ltd and the Madhya Pradesh State Industrial Development Corporation Ltd.

23.08 / 01:43

Twitter Reuters Digital Platform social information Investigations Will X formerly Twitter quit European Union? What could be Elon Musk's best move following investigation

Elon Musk will have a hard time convincing the European Commission, currently investigation his company X, formerly Twitter, about rules breach around sharing illegal content and misinformation peddling. For starters, Thierry Breton and Margrethe Vestager, who are some of the most determined European Commissioners, are now equipped with a new legal tool, which could easily be used to axe Musk and his company, says Reuters. These factors could lead to Musk deciding on exiting the European Union entirely and focus on the rest of the world for now.

22.08 / 17:45

markets Blockchain Ethereum Platform coinbase Trade Features Coinbase to Offer MiCA-Compliant EURC Conversions Starting Aug. 28

Veronika Rinecker is based in Germany, studied international journalism and media management. She specializes in politics and regulation, energy, blockchain, and fintech. Since 2017, she has been...

22.08 / 09:59

Mobile WhatsApp country rights Australia's 'right to disconnect' law set to come into force

right to disconnect." The law, which passed in February, protects employees who refuse to monitor, read or respond to contact from their employers outside work hours. Similar laws giving employees a right to switch off their mobile devices are already in place in France, Germany and other countries in the European Union.

22.08 / 05:15

wellness Trade stage country cover blues Investigations China opens investigation into EU dairy exports as trade tensions flare

The Chinese Commerce Ministry said Wednesday that it would launch an investigation into subsidies given by the European Union and EU member countries for dairy products that could lead to tariffs on their export to China. The announcement came one day after the EU released a draft decision to finalise tariffs on electric vehicles made in China, in a follow-up to provisional tariffs announced last month. The tariffs have been denounced by the Chinese government and automakers and threaten to set back the industry's efforts to go global.

20.08 / 13:56

UPS security economy Tesla wellness Universities show A nation of workaholics has a new fixation: working less

Fleiß, which can translate as diligence or industriousness. Fleiß shaped the political conversation during the eurozone debt crisis of 2010, when many German voters resented having to bail out their Greek cousins who retired at 57 and, going by the news footage, seemed to spend their lives sipping espresso on cafe terraces. Fast-forward to today and the average Greek worked 1,897 hours last year, according to the OECD, 554 hours more than the average German.

20.08 / 12:36

Dash Hopes of September ECB rate cut dashed as eurozone inflation jumps to 2.6%

This was inline with the estimates made by Eurostat, the statistical office of the European Union, at the end of July. While services inflation dropped from May and June's reading of 4.1% to 4%, it was still judged to be the most significant contributor to the euro area annual inflation rate, according to data from Eurostat. Energy prices skyrocketed over the course of the last month, rising from a 0.2% rate of inflation to 1.2%. Tobacco was the only other item recorded to see an inflationary increase, jumping from 2.4% to 2.5%. European Central Bank stands firm as it holds inter...

20.08 / 11:29

UPS Digital Platform Fighting Apple testing Features One year in, EU turning up heat in big tech fight

big tech in the EU, the months ahead could prove a winter of discontent as the bloc wields a fortified new legal armoury to bring online titans to heel. Since August 2023, the world's biggest digital platforms have faced the toughest ever tech regulations in the European Union — which shows no sign of slowing down in enforcing them. Brussels scored its first major victory after forcing TikTok to permanently remove an «addictive» feature from a spinoff app in Europe in August, a year after content moderation rules under the bloc's Digital Services Act (DSA) started to apply.

19.08 / 18:31

UPS Target economy WhatsApp country Courts Review of National Steel Policy begins

National Steel Policy (NSP) in the wake of some advanced economies such as the EU imposing carbon tariff (Carbon Border Adjustment Mechanism) on steel imports and the growing need to decarbonise the sector, officials said. The idea is to assess the impact of the policy on production and usage of the commodity and examine if any tweaks are required in view of the new emerging challenges, they said. «We are reviewing the NSP 2017 and working on stainless steel and green steel policy,» one of the officials said.

18.08 / 09:25

markets COST Align country reports Destinations EU's carbon border tax poses a big challenge for Indian businesses

Th EU’s Carbon Border Adjustment Mechanism (CBAM) requires all EU imports to bear the same cost for each tonne of carbon dioxide (CO2) emitted as those being produced in the EU. Initially confined to six sectors—iron and steel, aluminium, cement, fertilizers, electricity and hydrogen—it will eventually expand its coverage. For India, the immediate impact is on two sectors: aluminium and steel.

17.08 / 05:38

markets UPS Manufacturing Compilation Research country reports China’s electric vehicles lose ground in EU after new tariffs take effect

tariffs slowed the influx of Chinese-made electric vehicles in July, as the bloc moved to protect its automakers from low-cost competition. The number of new EVs that Chinese automakers like BYD Co. and SAIC Motor Corp.’s MG registered in the EU last month fell 45% from June, according to research from Dataforce, which compiled results across the 16 member countries that have reported July figures to date. The drop may have been exaggerated by carmakers rushing to get EVs to dealers before the added levies took effect July 5.

17.08 / 05:15

Digital Platform Election Research Instagram track Features EU presses Meta on plans after disinformation tracker axed

EU on Friday formally requested that Meta detail steps it is taking on transparency after the Facebook and Instagram owner scrapped a widely-used tool for tracking disinformation online. Meta has been criticised on both sides of the Atlantic over the decision to shut down CrowdTangle — a feature considered vital by researchers tracking viral falsehoods — in a year of major election contests in the United States and elsewhere. Unavailable since August 14, CrowdTangle is to be replaced with Meta's Content Library — a technology researchers say offers nowhere near the same functionality.

16.08 / 11:59

UPS Google Gap Mobile Apple 2020 guidelines Fortnite returns on iPhones in EU, globally on Android

Android devices after a gap of four years, following legal measures by the EU, developer Epic Games said on Friday. Fortnite, created by Epic, a U.S.-based studio, and backed by China's Tencent, the world's largest game studio, launched in 2017 and its last-player-standing, «battle royale» format became an instant hit, drawing in millions of dedicated players. But in August 2020, Apple and Alphabet's Google removed Fortnite from their app stores for violating their guidelines by launching a payment feature, prompting several lawsuits challenging their rules of charging up to 30% commissions on payments.

what's happening in Eu

What is the current situation in Eu?

In Eu, the spotlight is on socially significant developments that spark public discussion.

Where can I find reliable news about Eu?

We publish verified updates about the situation in Eu, based on information from official representatives.

What shapes the media agenda in Eu?

The news landscape of Eu is shaped by major cultural and social events, reflecting its unique context.