Eu Financial News

general election having concluded with Prime Minister Narendra Modi-led NDA winning a third term, the second biggest electoral exercise got underway on Thursday as around 450 million European Union (EU) citizens began voting to choose 720 members of the European Parliament (MEPs) from 27 countries. In partnership with leading Bulgarian news agency BTA, PTI is in Sofia to capture the scale of these elections — one of the biggest democratic exercises in the world, second only to India as it signifies as many as 27 national elections. In Bulgaria, where voting will take place on Sunday, the elections have taken on an even greater significance as the country is simultaneously voting in its early National Assembly elections to elect 240 members of Parliament.

Robinhood Markets has announced an agreement to acquire Bitstamp Ltd ., one of the oldest and most respected cryptocurrency exchanges, in a $200 million all-cash deal.

Founded in 2011, UK-based Bitstamp has over 50 active licenses and registrations globally and will bring in customers across the EU, UK, US and Asia to Robinhood, helping the platform take on major exchanges such as Coinbase. Bitstamp’s core spot exchange, with over 85 tradable assets, and products like staking and lending, will also help Robinhood move beyond the retail market and secure institutional clients. Johann Kerbrat, GM, Robinhood Crypto, says: “Through this strategic combination, we are better positioned to expand our footprint outside of the US and welcome institutional customers to Robinhood.” The Bitstamp team will join Robinhood when the deal closes in the first half of next year, subject to closing conditions.

With the Bharatiya Janata Party-led National Democratic Alliance winning a third consecutive term, Prime Minister Narendra Modi is all set to remain the longest-serving G20 leader after Russia’s Vladimir Putin and China’s Xi Jinping for five more years. As of 6 June 2024, Modi had served 3,664 days in office since being sworn in as India's prime minister on 26 May 2014. He is already the third-longest serving G20 leader, and will extend his record.

Right-wing nationalist parties look set to surge in elections across Europe this week, but the shock wave will travel slowly due to rifts among the political forces. Many of the parties see former President Donald Trump as a model. They pledge to peel back Brussels’ power and shift European Union policy on hot-button issues including migration and climate policies.

semiconductor company, has now become the first computer-chip firm to hit a $3 trillion market capitalisation, as per a Bloomberg report. The Santa Clara, California-based company's shares have surged roughly 147 per cent this year, adding about $1.8 trillion due to the increasing demand for its chips that power artificial intelligence (AI) tasks.

Voters in the European Union are set to elect lawmakers starting Thursday for the bloc’s parliament, in a major democratic exercise that’s also likely to be overshadowed by online disinformation

U.N. Secretary-General António Guterres has called for a “windfall” tax on profits of fossil fuel companies to help pay for the fight against global warming

A top European Union court ruled that McDonald’s has lost its Big Mac trademark in the 27-nation bloc, ruling in favor of Irish fast food rival Supermac’s in a long-running legal battle

judgment that the U.S. fast food giant failed to prove that it was genuinely using the Big Mac label over a five-year period for chicken sandwiches, poultry products or restaurants.The Big Mac is a hamburger made of two beef patties, cheese, lettuce, onions, pickles and Big Mac sauce.

McDonald's has suffered a setback in a legal case against Irish fast food chain Supermac's in a top EU court. As per the court ruling, henceforth McDonald's won't be able to term its chicken burgers "Big Mac" in EU, as per reports in agencies.

China announced plans on Wednesday to better measure the carbon content of its products — a key step in reaching its own climate goals and meeting tougher carbon standards overseas.

The National Police of Ukraine have conducted a probe on a criminal call center ring that defrauded users by promising lucrative crypto investments.

AMSTERDAM — Digital bank Starling will not re-apply for a European Union banking license and instead pursue international expansion through its software business, the incoming CEO said, in a diverging approach to overseas growth from some of its rivals.

Worldcoin will continue to halt operations in Spain through the end of 2024 or until a General Data Protection Regulation (GDPR) compliance audit is completed.

The two main contenders to be Britain’s next prime minister are set to face off in a televised debate

Tractors are rumbling through the streets again days ahead of the four-day European Union election

Binance, the world’s largest cryptocurrency exchange by trading volume, is set to restrict the availability of certain stablecoins in the European Union (EU) to comply with the upcoming Markets in Crypto-Assets Regulation (MiCA).

Election Commission said the Lok Sabha polls were an "electoral Marathon successfully run". It added, "Celebration of democracy with over 97 Cr electors, 1.5 Cr polling officials & 10.5 lakh polling stations."This is one of the many records set by the nation during the Lok Sabha Elections 2024. Here's a look at other milestones the country and the Election Commission achieved during the polls, along with some key takes aways shared by the EC on Monday.1. Voter was the "poll-star": The Election Commission said the total voters in the general elections 2024 were 1.5 times the voters of G7 countries and 2.5 times the voters of "27 EU countries in their last National Elections".

By purchasing the carbon credit ETC, investors will be able to access the EU carbon market through stock exchanges, as well as trade the ETC on the market in either sterling or euro. UBS explained that, since EU allowances are capped, investors will be blocking industrial firms from using them to pollute, thereby pushing up the price of carbon allowances and forcing companies to transition to lower emission production methods and/or energy sources. The total expense ratio for the ETC will be of 0.75%. Tabula IM launches first ESG-focused physical gold ETC EU allowances are issue...

Brussels, Belgium – 3 June 2024 – EthCC (Ethereum Community Conference), the largest annual European Ethereum conference created for the community, by the community, will return for EthCC[7] from 8-11 July 2024 in Brussels, Belgium, and bring together the top minds in Ethereum to share their vision for the future of the ecosystem.