New EU Spending Rules Bring Back Debt Discipline Focus
With an energy crisis and record high inflation in the EU's rearview mirror, Brussels believes the time has come for the bloc to focus on ensuring sound public finances.
Is Temu Safe To Buy From or Is Temu a Scam? What You Need To Know
The fast-growing Chinese e-commerce platform known for its low prices is ramping up global expansion despite rising regulatory concerns and consumer complaints.
Lawmakers Skewer EU Chief Over Contested Job Pick
European lawmakers will cast votes Thursday on a contested appointment to a plum Brussels job, with Ursula von der Leyen suspected of playing favourites to aid her own re-election as commission chief.
2023 Showed Lower Volatility for the Pound Sterling; But Will 2024 Be the Same?
Ever since the announcement of the Brexit result, the pound has never been the same. It wasn't just the instant drop off in its value
EU Probes Apple, Google, Meta Under New Digital Law
The EU on Monday hit Apple, Google parent Alphabet and Meta with the first ever probes under a mammoth digital law, which could lead to big fines against the US giants.
Banxso's Vision for 2024: Revving Up Global Expansion in the Financial Arena
Banxso, the esteemed FX & CFD brokerage based in South Africa, isn't just raising eyebrows—it's making waves in the financial world.
What's Included In The New EU Law On AI
The European Parliament on Wednesday gave the final nod to far-reaching rules on artificial intelligence that the EU hopes will both harness innovation and defend against harms.
EU Proposes Vast Defence Boost, Spurred By Russian War In Ukraine
EU officials on Tuesday unveiled an ambitious proposal to massively boost weapons production and procurement in the bloc to shift from a reliance on US arms and in reaction to Russia's invasion of Ukraine.
Apple Hit With 1.8-bn-euro EU Fine For Music Streaming Restrictions
The EU on Monday hit Apple with a more than 1.8-billion-euro fine ($1.9 billion) for violating the bloc's laws by preventing European users from accessing information about alternative, cheaper music streaming services.
EU Poised To Seize Russian Profits, Greek Envoy Says
The European Union is expected to move toward seizing Russian profits generated in the bloc, a key step to backing Ukraine that stops short of calls to confiscate assets outright, a Greek envoy told AFP on Monday.
New Farmer Show Of Force As EU Ministers Vow To Target Red Tape
Farmers faced off with riot police in Brussels streets paralysed by tractors on Monday, as EU ministers huddled to try to streamline rules and reduce red tape fuelling protests across the bloc.
Anti-fur Activists Target Max Mara, Fendi At Milan Fashion Week
Animal activists have fashion brands squarely in their sights this Milan Fashion Week, hoping to pressure Italian brands Max Mara and Fendi to give up fur in future collections.
EU Launches Probe Into TikTok Over Child Protection
The EU on Monday announced a formal investigation into TikTok over alleged breaches of its obligations to protect minors online, under a landmark new law on policing digital content.
EU Provides Final Seal Of Approval For World's First Artificial Intelligence Laws
Negotiations on the final legal text began in June, but a fierce debate over how to regulate general-purpose AI threatened talks at the last minute.
UK Chip Designer Sees Shares Almost Double As AI Race Heats Up
AI developers and tech entrepreneurs are seeking ways to diversify their hardware options, including by exploring chipmaking ventures of their own.
EU Agrees First Law Combatting Violence Against Women
EU member countries and lawmakers reached an agreement on Tuesday on the bloc's first rules to tackle violence against women, the European Parliament and officials said.
EU Strikes Deal On Clean Tech To Compete With China, US
EU states and lawmakers clinched a deal on Tuesday to expand Europe's clean tech production, from solar and wind to carbon capture, as the bloc faces off with China and the United States.
Global Stocks Rise On Strong Earnings, New Support From China
US and European indexes edged cautiously higher Tuesday as investors digested strong corporate results, while stocks in Hong Kong and Shanghai soared after Chinese authorities announced moves to reverse a long-running rout.
EU Walks Farming Minefield With New Climate Goals
The EU's climate goals for 2040 are set to further dial up the pressure on a farm sector that has yet to get tough on greenhouse gas emissions -- but is already up in arms over existing environmental rules.
Tractors Converge On Rome As Farmers Protest Across Europe
A convoy of tractors was poised Saturday to descend on Rome as farmers' protests caused disruptions across Europe, though they wound down in France following government concessions.
Farmers Across the EU Unite in Protest: Costs Are Up While Prices Stay Down
The costs borne by farmers, notably for energy, fertiliser, and transport, have escalated in numerous EU countries, particularly since Russia's invasion of Ukraine in February 2022.
Dozens Arrested As Tensions Escalate At French Farmers Protests
French police arrested dozens of people on Wednesday as tensions escalated to new levels at protests by farmers in search of better conditions that have spread to other European countries.
UK Govt Publishes N.Ireland Deal Aimed At Ending Deadlock
The United Kingdom government on Wednesday outlined its proposals to get the Northern Ireland assembly back up and running after a political deadlock of nearly two years caused by divisions over post-Brexit trade rules.
Buried In Massive Debt, Italy Puts Crown Jewels Up For Sale
Prime Minister Giorgia Meloni once declared Italy's postal service a "crown jewel" that must stay in state hands, but she is now selling a stake as part of a privatisation programme to tackle a huge public debt.
Elon Musk Urges Trade Barriers To Protect Local EV Makers from Chinese Giants
Tesla's attempt to compete with BYD's lower-priced offerings failed, leaving the Chinese automaker in control of the budget EV market.
Fuming French Farmers Pile Pressure On Paris
The French government on Thursday sought ways to end protests by farmers blocking motorways and demonstrating across the country after a fuel tax rise ignited long-standing grievances.
US Regulator Probes AI Investments By Tech Giants
A top US antitrust regulator on Thursday said it was probing investments made by Microsoft, Google and Amazon into generative AI startups OpenAI and Anthropic.
AI Won't Take As Many Jobs As Expected, Suggests New Study
While several reports have emerged recently sounding the alarm for job loss due to the impact of AI, a new study has said the damage may not be as bad as anticipated.
EU Exempts Microsoft's Bing, Edge From Digital Markets Act, Report
Microsoft and other tech companies listed as gatekeepers were given a grace period of 6 months to comply with the DMA, which will lapse in March 2024.
EU Commission Plans "AI Factories" To Boost Generative AI Uptake
The document represents the first step toward an industrial policy specific to AI, as countries continue to grapple with the regulatory challenges it presents.