European Commission Financial News

Monday 24 - Tuesday 25 June: .7th European Nuclear Safety Conference.

The EU’s landmark regulation for crypto takes effect within the week – and it doesn’t seem that any major specialised players have succeeded in getting authorised.  

Elon Musk and the European Union after the latter accused Musk-owned social media platform X (formerly Twitter) of violating its online content regulations around transparency and accountability. A back and forth between Musk and the European Commissioner ensued. Here’s an explainer on the accusations against X and what the two sides have been saying. Why is X’s blue check on the dock? The European Commission on Friday issued its preliminary findings based on an investigation initiated last year. It found X to be in breach of the Digital Services Act (DSA).

Carbon Border Adjustment Mechanism aims to treat imported goods the same as EU-produced goods to help global decarbonisation, the Director-General of the European Commission has said following a visit to India to discuss tax and custom issues. Carbon Border Adjustment Mechanism (CBAM) is the European Union's planned tax on the carbon emitted while making goods imported from countries like India and China. The move has sparked a debate at multilateral forums, including the United Nations climate conferences, as the poorer countries fear such tariffs will harm livelihoods and economic growth. Director-General of the European Commission, Gerassimos Thomas, led a group of officials to New Delhi to discuss tax and customs issues, with a focus on CBAM, on July 1 and 2. He met the Indian government officials and business leaders to explore the manner in which it might affect the Indian industries and explain CBAM's goals and timeline. Thomas welcomed India's plans to decarbonise its economy, underlining the shared commitment to collaborate with India in their decarbonisation efforts, the European Commission said in a statement.

European Union regulators have accused social media company Meta Platforms of breaching the bloc’s new digital competition rulebook by forcing Facebook and Instagram users to choose between seeing ads or paying to avoid them

The European Union is moving to sharply increase customs duties on electric vehicles made in China

The European Union says it’s adding the porn site XXNX to its list of online services facing the strictest level of scrutiny under the bloc’s digital regulations, including measures requiring users to verify their ages

The European Union says it’s accepting Apple’s pledge to open up its “tap to pay” iPhone payment system to rivals as a way to resolve an antitrust case and head off a potential hefty fine

European Union is imposing sharply higher customs duties on electric vehicles imported from China. EVs are the latest flash point in a broader trade dispute over Chinese government subsidies and Beijing's burgeoning exports of green technology to the 27-nation bloc. The higher duties go into effect on Friday, pending a final decision in four month's time. Here are some basic facts about the EU's planned customs duties: What did the European Union do?

The European Union is escalating its scrutiny of the artificial intelligence industry, including taking a fresh look into Microsoft’s multibillion-dollar partnership with OpenAI

European Union regulators have accused Microsoft of “possibly abusive” practices that violate the bloc’s antitrust rules by tying its Teams messaging and videoconferencing app to its widely used business software

European Union regulators are accusing Apple of breaking new rules on digital competition by imposing rules in its App Store marketplace that prevent app makers from pointing users to cheaper options on other venues

Officials say that China and the European Union are open to holding talks on the EU's recent decision to sharply raise tariffs on imports of Chinese-made electric vehicles

Once one of the largest cryptocurrency exchanges in the world before its monumental collapse two years ago, FTX said this week that nearly all of its customers will receive the money back that they are owed.

electric vehicles (EVs) made by Chinese companies now stare at a road bump in Europe as the European Union (EU) last week decided to hike tariffs on Made-in-China EVs. The EU decision follows a scare in the Western world about China flooding it with state-subsidised EVs. The Alliance for American Manufacturing has said that government subsidized Chinese EVs “could end up being an extinction-level event for the U.S.

The European Commission is asking three of the world’s biggest pornography sites to provide details of the measures they have taken to better protect minors from accessing their content and prevent gender-based violence

The European Union is moving to hike tariffs on electric vehicles made in China

The European Union has threatened to hike tariffs on Chinese electric vehicles, escalating a trade dispute over Beijing’s subsidies for the exports that Brussels worries is hurting domestic automakers

Prosecutors in the United States on Tuesday are asking a judge to hand Changpeng Zhao, the founder of Binance, the world's largest cryptocurrency exchange, a three-year prison sentence for allowing rampant money laundering on the platform.

The European Union opened fresh investigations into Facebook and Instagram over suspicions that they’re failing to protect children online, in violation of the bloc’s strict digital regulations for social media platforms

Booking Holdings, the U.S. company that owns Booking