EU

The European Central Bank (ECB) may need to adjust its monetary policy to manage the risk of eurozone inflation falling below its 2% target rather than exceed it, the French central bank governor François Villeroy de Galhau said today.  To stimulate a lagging economy, the ECB cut on Thursday...

The EU crypto regulation, Markets in Crypto Assets (MiCA), heralds a new era for an industry that will provide access to about 18% of global crypto transaction volumes. In an effort to create a framework across all European Union (EU) member states, MiCA mandated that from June 30 onwards, all...

The Republican presidential candidate Donald Trump said that he talked with Apple Inc. (NASDAQ:AAPL) CEO Tim Cook about the financial penalties the EU has imposed on the company. What Happened: In a conversation with Patrick Bet-David, released on Thursday, Trump said that Cook had reached out to...

The European Union’s NIS 2 cybersecurity directive, now enforceable, mandates companies to bolster their cybersecurity practices or face hefty fines. The regulation, which updates the previous National and Information Systems (NIS) directive, requires businesses to enhance risk management,...

California-based company OpenAI will expand into Europe as part of a larger push by CEO Sam Altman into international markets. OpenAI plans to open offices in Paris and Brussels to "establish itself in Europe," Euronews reported, citing a company statement on October 9.  It will also...

German automaker Volkswagen Group (OTC:VWAGY) delivered 189,400 all-electric vehicles in the three months through the end of September, marking a drop of about 10% from the corresponding period last year, the company said on Friday. What Happened: The company witnessed most decline in EV sales in...

European Automakers criticized the European Union (EU) for imposing tariffs today on Chinese electric vehicles (EVs).  Mercedes Benz AG called them a "mistake," saying "punitive tariffs worsen the competitiveness of an industry in the long term." BMW AG said the move marked a "fatal sign" for...

The European Union is set to vote on Friday on whether to back final tariffs on China's electric vehicle (EV) makers.  The EU wants to protect its automobile makers against the increasing number of less expensive Chinese EVs entering the market. Of the total EV imports to the EU in 2023, 54%...

European inflation reported in France and Spain slowed in September below the European Central Bank's (ECB) target rate of 2%. This has raised chances of an ECB interest rate cut at its meeting next month. France's Harmonized Consumer Price Index slowed to 1.5% in September, from 2.2% in August,...

It’s been almost two years that China’s biggest EV maker and Tesla Inc (NASDAQ: TSLA) rival, BYD (OTC: BYDDY) entered the EU and the UK. While BYD marches on, traditional automakers like Ford Motor (NYSE: F), General Motors (NYSE: GM) and Volkswagen are struggling to adapt to the new EV...

The European Commission has officially registered the PsychedeliCare initiative, which advocates for establishing a transnational legal framework for psychedelic-assisted treatments for mental health disorders. As Green Market Report outlined, this European Citizens’ Initiative aims to create...

The UK and EU are trying to catch up with the US in building their respective Consolidated Tapes (CT). The US has no intention to slow down and wait for the Europeans in market data reforms. Yet, the US D.C. Circuit ruling in July 2022 weakens the already weak proposition of the SEC's governance...

The EU has put Meta Platforms Inc. (NASDAQ:META) on notice over its “pay or consent” model for Facebook and Instagram, citing potential violations of consumer protection laws. What Happened: The EU’s Consumer Protection Cooperation or CPC Network has given Meta...

The European Union Commissioner for Internal Market, Thierry Breton, has leveled charges against Elon Musk’s X, formerly Twitter, alleging deceptive practices and lack of transparency. The tech billionaire has now alleged that the commission “offered X an illegal secret deal.”...

Frozen Russian assets are beginning to flow into Ukraine this year, with two parallel initiatives that are gaining widespread support in Europe and the U.S. amid the ongoing war in Eastern Europe. Since the start of the Russian invasion, approximately $300 billion in Russian assets were frozen by...