EU

Revolut's European Subsidiary Confronts Heightened Capital Demands from ECB

1 day ago

Revolut, the fintech giant known for its innovative banking solutions, is experiencing a significant challenge as its European division now faces the highest capital requirements set by the European Central Bank (ECB). This development underscores the increasing scrutiny from regulatory bodies in Europe concerning the financial stability and consumer protection measures implemented by digital banks.

NVIDIA Secures Unconditional Approval from EU for Acquisition of Israeli AI Firm Run: A Major Win for Tech Giants

2 days ago

NVIDIA, the renowned American semiconductor company, has received the green light from the European Union regarding its proposed acquisition of Israel-based AI startup Run. This approval comes without any conditions attached, marking a significant milestone for NVIDIA as it seeks to bolster its artificial intelligence offerings and market presence. This acquisition is considered pivotal not only for NVIDIA but also for the future landscape of AI technology.

Tether's Decision to Exit Europe: A Warning Sign for the Region's Cryptocurrency Future

2 days ago

Tether, the largest stablecoin issuer, has announced its decision to exit the European market, a move that could have significant implications for the region's cryptocurrency landscape. The company, known for its USDT stablecoin, is pulling back amidst evolving regulatory frameworks that could hinder its business operations in Europe.

European Markets Dip as Hawkish Fed Signals Impact Global Sentiment

2 days ago

European stock markets faced downward pressure following a decisive shift in the Federal Reserve's tone regarding U.S. interest rates. In a move that shocked investors, the Fed signaled a more aggressive stance, suggesting that interest rates could remain elevated for an extended period. This development sent ripples through global financial markets, causing anxiety among investors about potential economic slowdowns and tighter monetary policy across the board.

North Korean Hackers Make Waves by Stealing Record $1.3 Billion in Cryptocurrency in 2024

3 days ago

In a significant development within the realm of cybersecurity and international finance, North Korean hackers have reportedly stolen an astonishing $1.3 billion in cryptocurrency throughout 2024. This unprecedented figure marks a new pinnacle in illicit cyber activities, drawing the attention of various world authorities and cybersecurity experts.

EU Intensifies Pressure on Apple to Enhance Competition by Opening Features

3 days ago

The European Union is ramping up its efforts to compel Apple Inc. to loosen its grip on its ecosystem, aiming to foster a more competitive environment for rival companies. This initiative comes as part of the EU's wider digital market strategies, where regulators are increasingly scrutinizing the practices of tech giants to ensure fair competition in the digital space.

Germany Urges EU to Relax Sustainability Reporting Requirements Amid Economic Struggles

4 days ago

In a significant move reflecting current economic challenges, Germany has formally requested the European Union to consider easing sustainability reporting obligations imposed on businesses. This appeal comes as a response to an anticipated downturn, with German officials voicing concerns that stringent regulations could stifle economic recovery.

EU Launches Investigation into TikTok for Alleged Interference in Romanian Elections

6 days ago

The European Union (EU) has initiated a formal investigation into TikTok, examining its potential involvement in interference during Romania's recent elections. This scrutiny is part of a broader effort by the EU to address concerns about the social media platform’s influence on democratic processes across its member states.

Europe Launches Ambitious Internet Satellite Network to Compete with Starlink

6 days ago

The European Union has unveiled a groundbreaking initiative aimed at establishing its own internet satellite network as a robust alternative to the popular Starlink service. This move comes in response to the growing demand for global high-speed internet access and the need for a European solution to satellite connectivity.

Elon Musk Escalates Tensions with SEC by Revealing Neuralink Investigation

8 days ago

In a recent turn of events, Elon Musk has intensified his ongoing confrontation with the Securities and Exchange Commission (SEC). The billionaire entrepreneur publicly shared a letter that disclosed the existence of an investigation into Neuralink, his neurotechnology company. This development has raised eyebrows and ignited discussions surrounding regulatory scrutiny of high-profile figures in the tech industry.