Eu Financial News

Stocks that traded heavily or had substantial price changes on Monday: Macy’s, United Rentals rise; Apple, Spirit Airlines fall

The European Union has fined Apple nearly $2 billion by forbidding rivals like Spotify from telling users how they could pay for cheaper subscriptions outside of iPhone apps

BRUSSELS: The European Union should support struggling European manufacturers of solar panels, but cannot close its borders to imports of such products, EU energy policy chief Kadri Simson said on Monday. Factory closures among Europe's few solar panel makers have prompted the industry to seek emergency support from Brussels — potentially including trade restrictions on cheap Chinese imports that European companies have struggled to compete with. However, Simson ruled out cutting off imports, which she said could compromise the EU's ability to install enough solar energy capacity to meet climate targets. Most solar panels and parts deployed in Europe are imported from China.

barriers to commerce, ensure stability through global accords and enforce the rules came under renewed criticism following a chaotic and contentious meeting of its top officials. The 13th ministerial conference in Abu Dhabi last week laid bare an uncomfortable truth: For an organization that needs all 166 member countries to agree, the WTO again struggled to muster even a small win. Those are only getting messier and harder to pull off in an era of two armed conflicts, widening geopolitical gulfs and a realignment of the trading ties that bind the postwar economic order. Meetings in the capital of the United Arab Emirates — positioned both geographically and geo-economically between US-European Union and China-Russia alliances — were dominated by disorder and confusion, according to several participants, who asked not to be named speaking about the private talks. They’re rarely jovial affairs, but hopes were quickly dashed that this year would be a turning point toward unity.

investors took a pause ahead of economic data and Fed Chair Jerome Powell's congressional testimony. Apple closed down 2.5% following a $2-billion EU antitrust fine for preventing Spotify and other music streaming services from informing users of payment options outside its App Store.

By Valerie Volcovici

Mbappe is ahead of Lionel Messi and Cristiano Ronaldo in their battle for the honorific title of «best player in the world.» But ahead of his expected move to Real Madrid, Mbappe is already leading the pair of multiple Ballon d'Or winners when it comes to intellectual property protection. In a sign of his immense commerical power, the PSG striker owns seven EU trademarks, including his iconic crossarmed goal celebration pose, his name and the logo of his company. According to the European Union intellectual property office, Messi and Ronaldo have six trademarks registered each. Mbappe has also registered two of his famous quotes — «Le football, il a change (Football has changed)» and «Moi, tu m'parles pas d'age (You don't talk to me about age)» for products including electronic games, mobile apps, posters, handbags, footwear, cosmetics or jewelry.

methane emissions from space. The MethaneSAT satellite will add to a growing fleet of spacecraft in orbit that are meant to help fight climate change by publishing data on emissions of the invisible but potent greenhouse gas.

BRUSSELS : The European Union is set to call for the fossil fuel industry to help pay for fighting climate change in poorer countries under a United Nations target, a draft document shows, as nations prepare for talks this year on a global finance goal. This year's UN climate negotiations in Baku, Azerbaijan, in November, are the deadline for countries to agree to a new goal of how much wealthy, industrialised nations should pay poorer ones to adjust to the most severe impacts of a hotter world.

By Foo Yun Chee

Associated Press. According to the report, Apple banned app developers from "fully informing iOS users about alternative and cheaper music subscription services outside of the app," said the European Commission. Under the EU antitrust rules, that is illegal.

1. JBL Professional 305PMKII-EU The JBL Professional 305P MkII is a powered studio monitor and JBL party speaker. It delivers accurate and clear audio reproduction with a balanced frequency response.

By Sarah Wu

EU antitrust chief Margrethe Vestager will hold a press conference on a competition case at 1200 GMT, the European Commission said on Monday without providing details. She is likely to announce a fine and an order to iPhone maker Apple to allow Spotify and other music streaming services inform users of options outside Apple's App Store, sources close to the matter said.

Telegram with its new chat interoperability feature. The new feature is being developed in response to Europe's Digital Markets Act (DMA) regulations, which give large companies or 'gatekeepers' six months to facilitate communication between different messaging apps. According to a report from WABetainfo, WhatsApp is working on a new section for third-party chats, which is currently available in WhatsApp beta version 2.24.5.18.

The European Union says it will pay $54 million to the main provider of aid in Gaza next week

diamond houses in India were alerted over the weekend that missing paper trails and sloppy records would land them in trouble under the new sanctions regime that began on March 1 to block Russian gems from the affluent western markets. The discreet, quaint world of diamonds, where close-knit jewellers and diamantaires cut deals in old-fashioned ways, is scanning a new, unfamiliar compliance mechanism that could change the way they have been doing business for ages. If local firms, which cut and polish eight out of 10 diamonds mined in the world, fail to generate and safekeep documentary evidence that the rough stones and jewellery did not originate in Russia, they could come under serious scrutiny. Cautioning them about the pitfalls, the apex trade body has circulated the various guidelines and formats of self-declarations that diamond firms shipping to the US and EU must share with their buyers to avoid trouble.

World Economic Forum says AI-driven misinformation could interfere with electoral processes in various countries, including India. Sam Gregory, executive director of Witness, a global human rights organisation, which uses video and technology to expose human rights abuses and has worked on the threats of AI and deepfakes, spoke to ET about AI related challenges and strategies in elections. Edited excerpts: Can you quantify the risk of deepfakes in elections? We are entering a challenging moment in terms of deepfakes. This year, we have made technical progress that makes it easier and cheaper to make them. We are going to have an election year where synthetic media tools will be used for positive purposes such as voter outreach, and for negative ones.

By Foo Yun Chee

Elon Musk's X social media platform, TikTok owner ByteDance and Booking.com may meet EU criteria subjecting them to tough tech rules as so-called gatekeepers, the European Commission said late Friday, after notifications by the companies. The Digital Markets Act (DMA) designates companies with more than 45 million monthly active users and 75 billion euros ($81 billion) in market capitalisation as gatekeepers providing a core platform service for business users.

Apple is making to its services in the European Union «make a mockery» of new antitrust rules in the bloc, 34 digital organisations complained to the European Commission this week. They include app makers Epic Games and Spotify.