Eu Financial News

Crypto exchange One Trading will launch its new trading venue in the next few weeks.

By Gergely Szakacs

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Online brokerage giant Robinhood on Thursday said it's launching a cryptocurrency trading feature in the European Union, pushing further outside the United States as the company looks to unlock growth from international markets.

Robinhood is expanding its services in the European Union (EU) by launching commission-free crypto trading. 

The leaders of China and the European Union are holding wide-ranging talks that include their disputes over trade and a deep divide on the war in Ukraine

The heads of state from South America’s Mercosur trade bloc are in Rio de Janeiro for a meeting that is expected to disappoint members hoping to finalize a deal with the European Union

artificial intelligence (AI) looked set for a dramatic climax on Wednesday, as lawmakers enter what some hope will be the final round of discussions on the landmark legislation. What is decided could become the blueprint for other governments as countries seek to craft rules for their own AI industry.

EU countries and lawmakers have agreed on rules governing artificial intelligence systems such as ChatGPT after 10 hours of discussions, a person with direct knowledge of the talks said on Thursday. EU governments made compromises in the hopes of gaining lawmakers' backing to be able to use AI in biometric surveillance for national security, defence and military purposes, the person said.

premier segment, Bastidon said, adding that overall trade volume of EU spirits is €9 billion, and the US and China are major exporting countries. According to Bastidon, the value of EU’s spirit exports to India in 2022 was a mere €59.7 million compared to €875 million to China.

His comment comes amid a bitter battle between electronics giants Apple and Samsung over the timelines for implementation of the new charging port regulation. Analysts have advised caution saying any hasty decision by the government could impact India's smartphone exports. According to officials aware of the details, while there is consensus on the proposal to adopt USB Type-C as the standard charging port, there are differences over the timeline for implementation. «Samsung is pushing for implementing the charging mandate along with European Union (EU) timeline for smartphones, which is December 28, 2024; Apple suggested an EU+6 months' timeline for new models and an EU+18 months, if existing models are also included in the mandate,» said an official privy of the details. Other smartphone makers such as Vivo, Xiaomi, Lenovo, and Realme also proposed EU+6 months' timeline for smartphones during the meeting, the official added.

By Philip Blenkinsop

The Bank of England says it will make an assessment next year about the risks posed by artificial intelligence and machine learning

The generative AI boom has sent governments worldwide scrambling to regulate the emerging technology

Slovakia’s new government of populist Prime Minister Robert Fico has approved an amendment to the country’s penal code to close the special prosecutor’s office that deals with the most serious crimes and corruption

Microsoft's $69 billion deal to buy "Call of Duty" maker Activision Blizzard was legal under competition law, in their latest attempt to stop the deal. Microsoft closed the deal, originally proposed in January 2022 as the biggest acquisition in the history of the gaming industry, on Oct. 13 of this year after obtaining the approval of British regulators.

French banking giant Societe Generale is listing its stablecoin, dubbed EUR CoinVertible, on the Luxembourg-based Bitstamp crypto exchange.

(Reuters) — European Union scientists said on Wednesday that 2023 would be the warmest year on record, as global mean temperature for the first 11 months of the year hit the highest level on record, 1.46°C (34.63°F) above the 1850-1900 average.

Belarus wants to accelerate the launch of its CBDC as it looks to evade US and EU-led sanctions and let its firms trade with international partners.

CO2) emissions from fossil fuels are projected to increase by 1.1% to reach record levels of 36.8 billion tonnes this year from 2022 with emissions in India being estimated to increase by 8.2% and in China by 4% whereas it may decline by 7.4% in the EU and 3% in the USA during the same period, said a Global Carbon Budget report. The analysis shows that the increase in fossil emissions is driven mainly by China and only to a smaller degree by India which still has clear development needs to overcome. Released on the sideline of the UN climate conference (COP28) on Tuesday, the report underlined that there is a 50% chance that global warming will exceed 1.5 degree celsius (Paris Agreement warming limit threshold) «consistently» in about seven years at the current emissions level. «It now looks inevitable we will overshoot the 1.5 degree C target of the Paris Agreement, and leaders meeting at COP28 will have to agree to rapid cuts in fossil fuel emissions even to keep the 2 degree C target alive,» said Pierre Friedlingstein of Exeter's Global Systems Institute, who led the study.

In a submission to the World Trade Organization, they said that diagnostics and therapeutics are «essential tools for a comprehensive approach to fight the pandemic, that it is not over». The submission, made on behalf of 65 WTO members on Monday, came after the US refrained from taking sides in extending the waiver, which is applicable to Covid-19 vaccines only. For almost two years, India, South Africa and 80 other WTO members have sought a response for future pandemics through exceptions in the Trade-Related Aspects of Intellectual Property Rights (TRIPS) agreement but the ministerial outcome of 2022 (MC12) only covered Covid-19 vaccines, with the US delaying an outcome on therapeutics and diagnostics. «The MC12 Decision on the TRIPS agreement is extended mutatis mutandis for the production and supply of Covid-19 therapeutics and diagnostics,» India and others said in the draft decision text on Monday. They asked the WTO to promptly respond to the ongoing Covid-19 pandemic and the challenge of inequitable access to therapeutics and diagnostics, and «respond to the criticism that the decision on vaccines came too little too late». Extension of the policy tools to therapeutics and diagnostics will result in a holistic approach to enable developing countries to address those intellectual property (IP) barriers that prevent the expansion and diversification of production and increase accessibility to crucial life-saving Covid-19 tools, they said. As per the draft text, «omitting these vital tools» will deter the effectiveness of the decision that aims timely and affordable access to effective vaccines against the ongoing Covid-19 pandemic. The submission assumes significance as last week, the UK, the EU, the US,