Eu Financial News

abusive content such as deepfakes. While acknowledging the growing use of AI-generated deepfakes in elections globally, including in countries like India, the United States, Pakistan, and Indonesia, Smith reassured that Microsoft has not detected significant attempts to exploit AI in the European Parliamentary elections.Highlighting instances of deepfake videos surfacing during India's general election, where Bollywood actors criticized Prime Minister Narendra Modi, Smith underscored the potential threat posed by AI-generated disinformation.

Poland's Ministry of Foreign Affairs has announced that starting June 1, 2024, the fee for a national visa application (D-type) and the fee for reconsideration of a national visa application has increased from €80 to €135. This adjustment results from the new regulation on consular fees, effective May 21, 2024, as published in the Journal of Laws of 2024, item 774. «Poland has been experiencing consistent raise of the migration pressure; therefore it is of great importance that foreigners entering the territory of the Republic of Poland fulfill the declared purpose of stay,» the ministry said in a

PARIS — Dutch digital bank Bunq is hoping it will manage to secure a banking license from U.K. financial regulators later this year or early next year, the firm's CEO and founder Ali Niknam told CNBC.

₹6,600 crore was better than expected, albeit lower year-on-year (y-o-y) by 8.6%, mainly due to the partial shutdown of its Netherlands facilities. Notably, losses from European operations declined sequentially. Still, the shares have been down 4% over the past two trading sessions since the results.

Artificial intelligence (AI) and generative AI (GenAI) are advancing at an incredible pace, but we are unable to understand how they make decisions, so they are called ‘black boxes’. Researchers say they are now able to peek under the AI hood. Will this make AI models safer? AI algorithms, especially those involving complex machine learning (ML) models like deep neural networks, are modelled on the human brain.

work in Germany? Germany's new Opportunity Card gives holders a one-year residence permit to search for employment without needing a permanent contract. Germany has launched the Opportunity Card («Chancenkarte»), allowing candidates from non-EU countries to enter and seek employment without needing a permanent job contract. This initiative aims to attract skilled workers by simplifying the process. Candidates must be recognized as skilled workers or accumulate at least six points in a points-based system. Financial support for their stay must be assured. The Opportunity Card facilitates easier, legal entry to Germany, offers a chance for a good income, and provides the potential for permanent residency. After a successful application, candidates receive an immediate work permit.

France's credit score on Friday citing a deterioration in the country's budgetary position, a blow to Emmanuel Macron's government days before EU parliamentary elections.

A new report from a digital civil rights group has found that publicly available artificial intelligence tools can be easily weaponized to churn out convincing election lies in the voices of top American and European politicians

The European Union is adding Chinese online retailer Temu to its list of platforms facing the bloc’s highest level of digital scrutiny

Inflation ticked up to an annual 2.6% in Europe in May

Hungarian Prime Minister Viktor Orbán is pushing back against some NATO proposals that would allow Ukraine to use Western weapons to strike targets within Russia

An unpopular government with a reputation for constant infighting

European Union (EU) is planning to increase its import duty from 10% to 25-30% on all Chinese electric vehicles and batteries to protect domestic producers. The US, too, has proposed to quadruple tariffs on Chinese EVs to 100% to discourage cheap imports. The proposed EU tariffs are expected to be announced in July, raising the possibility of Chinese manufacturers redirecting their excess inventory to markets like India, the people cited above said on condition of anonymity, adding that he ministry of commerce and industry has been tasked with spearheading these efforts, working in collaboration with other relevant departments and agencies.

compliance burdens and costs for Indian startups and businesses providing AI systems in that region and impact their competitiveness, experts said. The Act is expected to come into force by the end of June.

Police coordinated by the European Union’s justice agency have taken down computer networks responsible for spreading ransomware via infected emails

Tata Steel slumped nearly 5% in today's trade to reach ₹165.50 apiece, a day after the company reported Q4 and FY24 numbers. On Wednesday, post market hours, the company reported a 64.59% decline for its Q4 FY24 consolidated net profit to ₹554.56 crore, led by lower steel realisations across geographies.Total revenue from operations fell to 58,687 crore from ₹63,131.08 crore in the same quarter of last year, owing to a nearly 4% drop in its mainstay India business, which contributed at least 62% of the overall revenue.

The top European Union cybersecurity official says that disruptive digital attacks have doubled in the 27-member bloc in recent months and election-related services are also being targeted

Hungary’s top diplomat has visited Belarus for talks on expanding ties despite the European Union’s sanctions against the country

Binance France has replaced co-founder Changpeng Zhao with two new shareholders to maintain its operational status in France and comply with local regulations in the European Union’s second-largest economy.

Volodymyr Zelenskyy received a second $1-billion promise of military aid in as many days on Tuesday during a whirlwind tour of three European Union countries, even as President Vladimir Putin warned that hitting Russian soil with Western-supplied weapons could set the war on a dangerous new path. The aid pledge for 2024 came from Belgium, which topped up the money with a commitment to give Ukraine 30 F-16 fighter jets in the next four years. «Our task is to use the first F-16 on the battlefield this year and in such way that it will fortify our positions,» Zelenskyy said.

European banks, which also play key custodian roles in the local sovereign debt trade, have sought the Reserve Bank of India's (RBI) go-ahead for a third-party transaction model to break the impasse involving their home authorities and domestic policymakers over audit oversight rights. «There was a meeting last month between the heads of four European banks and top RBI officials. The banks have sought the RBI's approval on the proposed third-party model because there is no established rulebook for this kind of arrangement,» a source aware of the developments said. After the meeting, attended by RBI deputy governor T Rabi Sankar, the overseas lenders concerned expect the central bank to communicate its views within the next few weeks, another source said.