European Commission Financial News

30.04 / 16:29

UPS Digital Platform Election Instagram European Commission social Investigations NOT Meta under fire from European Union for not doing enough about election disinformation

The European Union says it’s investigating Facebook and Instagram for suspected violations of the bloc’s digital rulebook, including not doing enough to protect users from foreign disinformation ahead of EU-wide elections

24.04 / 17:52

markets UPS security President Universities European Commission country Investigations China faces new EU subsidy probes days before Xi visit

BRUSSELS—The European Union is ramping up economic pressure on Beijing with two new probes into allegations of unfair Chinese business practices, days ahead of Chinese President Xi Jinping’s planned visits to Paris and Budapest. The European Commission, the bloc’s executive body, is voicing growing concern over Chinese subsidies and other economic policies that it says harm European businesses.

18.04 / 02:49

UPS Digital Platform TikTok European Commission social Videos European Union questions TikTok on new app that pays users for watching

European Union regulators are seeking details from TikTok on a new app from the video sharing platform that pays users to watch videos

17.04 / 11:51

Provident Digital Landmark TikTok European Commission information Schools Investigations TikTok quizzed by EU on TikTok Lite launch in France, Spain

TikTok has been given 24 hours to provide a risk assessment on its new app TikTok Lite launched this month in France and Spain on concerns of its potential impact on children and users' mental health, the European Commission said on Wednesday. The move by EU industry chief Thierry Breton under EU tech rules known as the Digital Services Act (DSA) comes two months after he opened an investigation into TikTok over possible DSA breaches.

08.04 / 18:55

Provident FIVE Digital Platform Apple European Commission information compliance EU assesses Apple's compliance plan for music streaming order

Apple proposal would comply with their order to let Spotify and other music streaming services inform users of payment options outside its App Store, the European Commission said on Monday. The iPhone maker risks antitrust charges and fresh fines if its proposal announced last Friday fails to satisfy the EU competition enforcer, which issued its order together with a 1.84 billion euro ($2 billion) fine last month

08.04 / 11:05

Provident Digital Platform Apple European Commission information Schools EU regulators assess Apple's plan for complying with music streaming order

EU antitrust regulators are checking to see if an Apple proposal would comply with their order to let Spotify and other music streaming services inform users of payment options outside its App Store, the European Commission said on Monday. The iPhone maker risks antitrust charges and fresh fines if its proposal announced last Friday fails to satisfy the EU competition enforcer, which issued its order together with a 1.84 billion euro ($2 billion) fine last month

22.03 / 16:39

markets Trade President War European Commission country prevention EU Commission proposes to impose tariffs on imports of grain from Russia

The European Union’s executive arm is proposing to member countries to impose tariffs on grain imports from Russia and Belarus

15.03 / 10:14

UPS Google Platform Election TikTok European Commission information generative AI Europe asks Google, Facebook, TikTok and other platforms how they're reducing generative AI risks

European Union regulators are ratcheting up scrutiny of big tech companies including Google, Facebook and TikTok by looking into how they’re dealing with risks from generative artificial intelligence, such as the viral spread of deepfakes

15.03 / 07:39

European Union European Parliament European Commission Bitcoin stock surpasses €55,000 mark

The price of cryptocurrency's flagship stock has shot above the €55,000 ($60,000) mark for the first time since November 2021, when it hit a record-high of what today would be the equivalent of above €60,000 ($68,991).

10.03 / 03:49

Digital Google Platform Fighting TikTok wellness Meta Platforms European Commission reports Shein to face tough EU online content rules as users in region soar

Shein is set to face stricter EU online content rules after reporting a huge number of users, joining a group of companies that includes Meta Platforms, Alphabet's Google, Elon Musk's X and TikTok. The new rules, known as the Digital Services Act (DSA), classify companies with more than 45 million users as very large online platforms (VLOPs) and require them to do more to fight illegal and harmful content as well as counterfeit products on their platforms.

09.03 / 14:15

UPS Food Boxing President War European Commission reports EU sees maritime aid corridor to Gaza opening this weekend amid famine fears

By Nidal al-Mughrabi and Michele Kambas

04.03 / 09:47

Provident Apple European Commission information Schools EU antitrust chief Vestager to hold news conference, Apple in focus

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.

02.03 / 14:49

markets Provident Digital Platform ByteDance TikTok European Commission social X, ByteDance, Booking.com could face tough EU rules

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.

01.03 / 10:40

Provident Death Refugees War European Commission country Investigations Aid groups appeal to the European Union to release urgent funds for Palestinian refugee agency UNRWA

Aid groups are appealing to the European Union to release tens of millions of euros in funding due to the main U.N. agency that helps most people in Gaza

20.02 / 16:29

UPS Digital Platform TikTok European Commission social Investigations TikTok faces EU scrutiny for possible breaches of strict new digital rulebook

The European Union is looking into whether TikTok has broken the bloc’s strict new digital rules for cleaning up social media and keeping internet users safe

19.02 / 13:37

Citi Target BLOCK European Commission country Traffic Czech farmers take tractors to Prague in a protest over EU agriculture policies

Hundreds of tractors have blocked a lane in downtown Prague in a farmers protest over European Union agriculture policies and what they say are unfair practises

18.02 / 05:19

markets COST economy pandemic trends Trade European Commission show end Charting the global economy: UK, Japan fell into recession at the end of 2023

recession at the end of last year, marked by two consecutive quarters of contracting activity. While the euro area is expected to avoid a downturn, the European Commission still sees the bloc growing slower than initially forecast this year. And in Australia, the unemployment rate climbed to the highest level in two years, consistent with expectations for its economy to soften. Meantime, US consumer prices jumped at the start of the year, though economists maintain that inflation is still broadly on a downward trend.

09.02 / 19:16

COST Citi BLOCK European Commission country reports Traffic Farmers in Italy, Spain and Poland protest over European Union policies and competition

Farmers in Italy, Spain and Poland are demonstrating as part of ongoing protests against European Union farming policies and to demand measures to combat production cost hikes, reduced profits and unfair competition from non-EU countries

21.01 / 08:11

UPS Provident BLOCK Digital Mobile Apple European Commission Apple offers rivals access to tap-and-go payment tech to resolve EU antitrust case

Apple has promised to open up its tap-and-go mobile payment system to rivals as a way to resolve an antitrust case and avoid potentially billions in fines

21.01 / 08:11

Election wellness European Commission Justice country Courts rights EU official praises efforts by Poland's new government to restore the rule of law

European Union Commissioner for Justice Didier Reynders has praised efforts by Poland's new pro-EU government to restore the rule of law and says they may lead to the release of billions of euros of EU funds for the country that were frozen under the p...

19.01 / 11:39

markets BLOCK Platform iRobot Trade European Commission information reports Roomba maker iRobot's shares plunge on report Amazon deal faces EU block

(Reuters) — IRobot shares slumped 36% in premarket trading on Friday after a report the European Union antitrust regulator was planning to block Amazon.com (NASDAQ:AMZN)'s $1.4 billion buyout of the Roomba vacuum maker.

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