European Commission Financial News

Bitcoin, considered part of the so-called 'Trump trade', has gathered pace since the US election outcome as investors have continued to gain confidence in political support for the cryptocurrency.

Subscribe to enjoy similar stories. IT WAS hardly the first time since Donald Trump’s inauguration last year that Europeans have been outraged by America. But the anger at the weekend, after America’s president threatened to impose a 10% tariff rate on eight European countries that had dared to send a few troops to Greenland, felt more determined than before.

Subscribe to enjoy similar stories. A massive military buildup across Europe could achieve what governments have failed to do in years: jump-start a sluggish economy, seed new innovations and create new industries. Countries from the U.K.

Subscribe to enjoy similar stories. The European Commission is reviewing elements of its flagship Green Deal environmental policy, as worries over rising costs and a lack of competitiveness with China and the U.S. grow within the continent.

Temu and fast-fashion retailer Shein will be liable for the sale of unsafe and dangerous products on their platforms, the European Commission said on Wednesday, as part of a crackdown against a flood of cheap e-commerce imports into the European Union.

European automakers brace for a possible trade war waged by President Donald Trump, they are working to ward off another threat on their home turf: the prospect of paying hundreds of millions of dollars to Tesla and Chinese competitors muscling in on their core markets.

President Trump, an avid Diet Coke drinker, had the beverage served up at his inauguration luncheon.

Bitcoin has been on a tear, surging more than 33% since Donald Trump won the US presidential election on 5 November. On Tuesday, the world’s largest digital token briefly topped $90,000 (€85,000), after breaking through the $80,000 mark over the weekend.

Bitcoin has hit its highest value ever as early results suggest Republican nominee Donald Trump might be on course to win the 2024 US presidential election.

From Donald Trump’s promises of a national Bitcoin stockpile to Kamala Harris’ support of a regulatory framework for digital assets, the two US presidential hopefuls have different stances on the future of crypto. 

Bitcoin surged by 9% over the past week and 31% since its September low, as markets bet on a potential Trump victory in the US election on 5 November.

A former top executive in Sam Bankman-Fried's fallen FTX cryptocurrency empire was sentenced to two years in prison on Tuesday for the part she played in a fraud that stole billions of US dollars from investors, lenders, and customers.

Republican presidential nominee Donald Trump took to the X social media platform to make the announcement, in which he gave very few concrete details about how the platform would work.

Shein and Temu have transformed the fashion landscape across Europe and the United States. In the U.S., Shein and Temu are challenging Amazon's dominance, while in Europe, they are reshaping the market by competing aggressively with established fashion retailers like Zara and H&M, reported The Times of India (TOI). The appeal lies in their ultra-low prices and vast product ranges, making long-standing retailers seem less competitive in comparison. Zara and H&M are feeling the pressure, as Temu and Shein are often able to undercut their prices and deliver faster, feeding a growing demand for ultra-fast fashion in Europe. Recently, however, Temu has come under scrutiny in Europe. The European Commission, the EU's executive arm, has reportedly launched an investigation into Temu, following suspicions that the company may not be effectively preventing the sale of illegal products. This probe, reported by the Associated Press, follows Temu's addition to the EU’s list of “very large online platforms,” which are subject to stringent oversight under the Digital Services Act (DSA).

The European Commission has fined Israeli generic drugmaker Teva more than 460 million euros ($500 million) for improperly seeking to protect the patent for its multiple sclerosis drug and for disparaging a rival company’s development of a competing me...

The European Union has finalized its sharply higher customs duties on electric vehicles imported from China

The US Republican presidential nominee, Donald Trump, delivered a keynote to crypto advocates at the Bitcoin 2024 conference. The former US President promised to make the United States "the crypto capital of the planet and bitcoin superpower of the world".

The European Union says it will outline steps to compel Apple to open up its iPhone and iPad operating systems to competing technologies under the bloc’s tough new digital rulebook, which threatens hefty fines for breaches

European Union said Thursday it will outline steps to compel Apple to open up its iPhone and iPad operating systems to competing technologies under the bloc's tough new digital rulebook, which threatens hefty fines for breaches. The EU's executive branch, the European Commission, said it has opened two «specification proceedings» that will spell out what Apple needs to do under the 27-nation bloc's Digital Markets Act. The DMA is designed to prevent Big Tech «gatekeepers» from dominating digital markets, including by breaking up closed tech ecosystems. It requires tech companies to make their systems operate with rivals, allowing consumers to switch more easily between platforms.

Subscribe to enjoy similar stories. The European Union’s executive arm has started a process to provide Apple with guidance on how the iPhone maker can comply with rules to ensure its operating systems are functional with other technologies. The move is a procedural step and it doesn’t mark the beginning of a new investigation, the European Commission said.

Germany could be contributing to Bitcoin’s recent decline, with the government revealing that it has started auctioning off approximately €2.5 billion of bitcoin which it seized at the start of the year from Movie2K, a defunct pirated films website.