Eu Financial News

Leaders from across Europe are gathering at an English country mansion for a summit of the European Political Community

Major crypto exchange OKX has selected Malta as its hub for Markets in Crypto-Assets (MiCA) compliance within the European Union.

A Chinese-led consortium has pulled out of its contract with Cyprus to build the island nation’s first natural gas import terminal over what it says was the Cypriot government’s failure to pay what it owed for work completed this year

Lawmakers at the European Parliament have re-elected Ursula von der Leyen to a second 5-year term as president of the European Union’s executive commission

Ethereum Enterprise Alliance (EEA) has launched the first standard for decentralized finance (DeFi) protocols.

The coming U.S. presidential election, with the growing prospect of a return of Donald Trump to the White House, promises to have profound repercussions for Europe’s security, future trans-Atlantic relations and the conflict in Ukraine—changes with which European leaders are starting to grapple. Trump’s pick of Sen.

TikTok owner ByteDance can’t avoid the bloc’s crackdown on digital giants, a European Union court says

German Chancellor Olaf Scholz is to visit Serbia later this week to discuss a tentative deal with the Balkan country for the controversial excavation of lithium, a critical substance in making batteries for electric vehicles

Piyush Goyal has called for enhancing collaborations among trusted partner countries for smooth supply of critical minerals, semiconductors, pharmaceuticals, and green energy, an official statement said on Wednesday. The minister proposed this collaboration during the G7 Trade Ministers' meeting at Reggio Calabria, Italy. He also highlighted the importance of analyzing global supply chains' robustness in times of crisis like pandemic, Ukraine-Russia conflict, and Red Sea crisis. Goyal said that efforts are on in various countries to build resilient supply chains under platforms like the G20 Generic Framework for Mapping GVCs (global value chains), the 14 Member IPEF (Indo-Pacific Economic Framework for Prosperity) association, Trilateral Supply Chain Resilience Initiative (SCRI), and India-EU TTC (trade and technology council).

Stripe, the global payment processing giant and Coinbase partner, has announced a significant expansion of its cryptocurrency services into the European Union (EU).

nutraceuticals to the drug regulatory authority from the oversight of the Food Safety and Standards Authority of India (FSSAI) has come under fire from pharma lobby groups and industry experts, who have raised apprehensions over the move and said the proposal should be kept in abeyance until it is discussed in detail. Nutraceuticals refers to food products with extra health benefits and includes supplements, functional foods and beverages. According to industry data, the segment is projected to grow to $18 billion in India by the end of 2025 from $4 billion in 2020. Experts said the regulations for nutraceuticals in the country are aligned with Codex Alimentarius, a global body functioning under the auspices of the World Health Organisation (WHO) to ensure safety of consumers.

The Economist visited, says that 90% of their generating capacity has been destroyed this year. Waves of attacks since March have targeted thermal and hydro plants as well as, for the first time, solar-energy installations. As Russia struggles to make any serious gains on the battlefield, power lines have become the new front line.

Elon Musk and the European Union after the latter accused Musk-owned social media platform X (formerly Twitter) of violating its online content regulations around transparency and accountability. A back and forth between Musk and the European Commissioner ensued. Here’s an explainer on the accusations against X and what the two sides have been saying. Why is X’s blue check on the dock? The European Commission on Friday issued its preliminary findings based on an investigation initiated last year. It found X to be in breach of the Digital Services Act (DSA).

EU) are expected to hold the next round of talks for the proposed free trade agreement, which aims at boosting commerce and investments, in September, an official said. Joint Secretary in the Department of Commerce Darpan Jain said that the eighth round of talks was concluded on June 28. He said that discussions were held on all 21 chapters in the meeting and progress was made in number of areas such as government procurement, digital trade, technical barriers to trade, goods, and market access. «We plan to hold more inter-sessional meetings in July and August and we intend to have another round (of talks) in the last week of September,» Jain told reporters here.

recently reported, Volodymyr Zelensky, Ukraine’s president, is still publicly claiming that Ukraine will recover all the territory the Russians conquered, even if he privately knows that this will not happen soon, if at all. His frustration with the lack of progress prompted him to reshuffle the leadership of the armed forces earlier in February. Our charts and maps below show where things stand two years into Russia’s full-scale invasion.

Microsoft has relinquished its seat on the board of OpenAI, saying its participation is no longer needed because the ChatGPT maker has improved its governance since being roiled by boardroom chaos last year

disgraced “Top Gear" presenter, a man who punched an underling for failing to provide a hot dinner, to strangely beloved guardian of the British countryside and yimby (Yes In My Back Yard) icon. This unlikely transformation is due to the success of “Clarkson’s Farm", a hit Amazon Prime show that begins its third series on May 3rd. In the programme Mr Clarkson struggles to breed pigs, break even and defeat nimbys on the local council.

Greece has introduced a new law allowing certain private-sector workers to enforce a six-day workweek. Effective July 1, this measure aims to support the country's aging workforce and provide additional income for workers, while ensuring respect for workers' rights. The law targets specific industrial and manufacturing sectors, particularly businesses operating continuous shifts 24/7, and will be applied only in exceptional circumstances, such as an unexpectedly increased workload. Labor unions, advocating for better working conditions, have strongly opposed the move, sparking heated debates and protests. Greece already has the longest average workweek in the European Union, and it remains uncertain whether this extension will enhance productivity.

Circle became the first global stablecoin issuer to secure an Electronic Money Institution (EMI) license under the European Union’s Markets in Crypto Assets (MiCA) regulatory framework on July 1.

Emmanuel Macron's centrist alliance in second and the far right in third. The lack of majority for any single alliance threatened to plunge France into political and economic turmoil. Final results are not expected until late Sunday or early Monday in the highly volatile snap election, which was called just four weeks ago in a huge gamble for Macron. It does not appear to have paid off for the deeply unpopular president, whose alliance has lost control of parliament, according to the projections. Marine Le Pen's far-right National Rally greatly increased the number of seats it holds, meanwhile, but fell far short of expectations. Far-left leader Jean-Luc Melenchon urged Macron to invite the leftist New Popular Front coalition to form a government, given projections that put it in the lead. The alliance, he said, «is ready to govern.»

Argentina designated Hamas a terrorist organisation on Friday and ordered a freeze on the financial assets of the Palestinian group, a largely symbolic move as President Javier Milei seeks to align Argentina strongly with the US and Israel. Announcing the decision, Milei's office cited the militant Palestinian group's cross-border attack on Israel last October 7 that killed some 1,200 people and took 250 others hostage, in the deadliest assault in Israel's 76-year history. The statement also mentioned Hamas' close ties to Iran, which Argentina blames for two deadly militant attacks on Jewish sites in the country. The move comes just days before the 30th anniversary of one of those attacks, the 1994 bombing of a Jewish community centre in Buenos Aires. It killed 85 people and wounded hundreds more in the worst such attack in Argentina's modern history.