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The stock market surged after the U.S. and China agreed to temporarily slash tariffs
The European Union has said it’s not in talks with China to reach an trade deal. “There’s no direct contact between the EU and China at this stage,” it added. Earlier, US President Donald Trump had threatened to impose tariffs on $300 billion in Chinese goods if the two countries couldn’t reach a trade deal…
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When Meloni meets with Trump she will test her skills as a bridge
The European Union (EU) and the US have reached “an agreement on several aspects” of transatlantic trade, EU Trade Commissioner Cecilia Malmstrm said. The two sides have agreed to improve predictability in the tariff-free trade regime between the two nations, she added. Malmstrm made the statement following a meeting with US Trade Representative Robert Lighthizer.
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The Nintendo Switch 2 era comes with a price
Steve Jackson Games, the board gamemaker, has said that the tariffs announced by US President Donald Trump will be “seismic shift” for the auto industry. He added that it will be a “debacle of epic proportions” for the auto industry. Trump announced the tariffs on a number of US trade partners, including Mexico, Canada and…
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Europe wants to attract US scientists and protect academic freedom
European Commission’s new research commissioner, Ekaterina Zaharieva, said that the EU’s research programme should be subsumed into a wider EU competitiveness fund, targeted at reviving the economy. Zaharieva is the European Union’s new commissioner for start-ups, research and innovation. She said the successor to the EU’s 93.5 billion research programme will begin in 2028 and…
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I think that Homo erectus, I presume?
Negotiators at the United Nations chemical Weapons Convention in Busan, South Korea have voted to reject the treaty, which had been proposed by the US, the European Union and several other nations. The treaty, which aims to restrict the use of non-essential plastic, was first proposed by the UK in 1994. The agreement was signed…
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EU says X’s blue checkmarks are deceptive
The European Union has said that Elon Musk-led X has infringed the Digital Services Act (DSA) with its blue checkmark verification system. “It negatively affects users’ ability to make free and informed decisions about the authenticity of the accounts,” it added. If Musk doesn’t settle the matter, the EU could fine X up to 6%…
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The blue checkmarks of X are deceptive
The European Union (EU) has accused Twitter of violating the EU’s Digital Services Act (DSA) by allowing users to buy a blue tick for verification of their accounts. If X fails to reach a resolution with the EU, Elon Musk will be fined up to 6% of X’s global turnover. X has a chance to…
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Apple, Meta, and Alphabet are targets of investigations by the EU
The European Union’s (EU) competition watchdog has said that Apple, Alphabet’s Meta and Amazon are not complying with the Digital Markets Act. “We are not convinced that the solutions by Alphabet, Apple andMeta respect their obligations for a fairer and more open digital space for European citizens and businesses,” it added. The EU has launched…
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The big US antitrust lawsuit against Apple has some things in common
The US Department of Justice (DOJ) in a recent court filing has said the European Union (EU) “Suppressed Apple’s Progress in Keeping the Apps Free and Open for the Public Good”. The department added that Apple’s App Store fees make it impossible for third-party apps to remain free. It further said Apple doesn’t allow third-party…
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The European side of Apple’s fine was $2 Billion
Apple has been fined a record 19.7 billion by European Union’s antitrust authority for allegedly favouring its own app store over rival services. The fine is reportedly one of the biggest ever imposed by the EU on a technology company and is the second-largest in the bloc’s history after Google’s $5.1 billion fine. Apple’s stock…
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The EU has a controversial climate target
The European Union’s target of 90% cut in emissions by 2040 is still far from the end of its 2040 goal, researchers said. The European Commission estimates that eight percent of the target can be achieved with carbon capture and removal. It further states that member states can’t just rely on removing carbon, they must…
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The App Store is not ready for Apple to release its grip
Apple has announced that it’ll allow European Union (EU) citizens to download apps from alternative app stores in the European Union (EU). It’ll also pay a reduced commission of up to 16% for in-app goods and services, the company said. Apple is taking a 30% cut from every purchase on apps sold through the App…
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Sideload and alternate app stores are being added to the iPhone
Apple has announced that app developers in the European Union (EU) will be able to sell their apps through “third-party app stores”. The Core Technology Fee will only be charged if one million annual installs of the app in the EU are made. Apple said that 99% of developers would either reduce or maintain their…
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Side loading and other alternate app stores are going to be offered by Apple
Apple has announced a new “Core Technology Fee” of 0.50/year for apps on its App Store, which will be charged only to those who install more than one million apps annually in the European Union (EU). The fee will only apply after a million annual installs in the EU and will not be used to…
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The company might have to pay 700 million dollars if it’s found that the app store is an illegal monopoly
Google has agreed to open up its app store to third-party developers in South Korea and the European Union. The agreement comes after Google was sued for anti-trust violations in the US. The settlement says that there is no requirement for Google to allow developers to include links that let users make purchases outside of…
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The EU has opened a DSA investigation in the wake of the Middle East war
The European Union (EU) opened a formal investigation into social media platform X over alleged “coronavirus-related issues”. The EU will look at the platform’s efforts to combat illegal content on its platform and its policies to prevent “information manipulation” through its Community Notes system. The platform will also be investigated over the trustworthiness of users…
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The EU Artificial Intelligence Act is waiting to be implemented
The European Union’s three branches have provisionally agreed on its provisional AI regulation that will prohibit certain uses of the technology. It will also demand transparency from providers and require companies to give a “transparency summary” or a “data nutrition label”. However, it won’t apply fines to open-source developers, researchers and smaller companies working further…
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The EU has reached a deal on the Artificial Intelligence Act
The European Union (EU) has agreed to the world’s first comprehensive AI rules. The EU will regulate generative AI systems using human-like computational power without human input. EU said the rules will create a level playing field for developers and users. The rules have been divided into four sections: general-purpose AI (GPAI) systems that meet…
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The EU reached a tentative agreement on the Artificial Intelligence Act
The European Union (EU) lawmakers have approved a ban on “high-impact” general-purpose artificial intelligence (GPAI) systems. The EU AI Act is the first such legislation in the world and will come into force in six months, followed by a year of transparency and two years of the full set of rules. It also imposes fines…
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Apple’s pledge to support messaging could finally end the phone conversation
Apple is reportedly creating a “core platform” for video messages through RCS in response to the European Union’s Digital Markets Act (DMA) that requires major companies like Apple to make their services interoperable with other platforms. iMessage is reportedly being investigated by the EU to see if it should be considered a core platform. It’s…
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The deal was approved by UK regulators
Microsoft has acquired the assets of Activision Blizzard for $6.3 billion in cash and stock. As per the terms of the deal, Microsoft has agreed to let consumers in the European Union (EU) stream current and future Activision Blizzard PC and console games via any cloud game streaming services of their choice. Activision CEO Bobby…
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The EU accuses X of being host to Israel-Hamas misinformation
European Union’s lawmaker Thierry Breton has written to X CEO Elon Musk and Meta asking them to clarify their compliance with the European Parliament’s new online privacy rules, The New York Times said. Breton has asked Musk to give more details publicly by Monday, the report added. Breton had earlier said that non-compliance with the…
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Global leaders in the fight against cancer
A study by the European Union’s (EU) Research Council has found that Africa had more research on infectious diseases than they did on cancer between 2009 and 2020. According to the study, the five leading institutions in cancer research are domestic partnerships. According to data, the EU allocated more than 1,300 research grants over the…
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Meta hit with a record-breaking fine over the data transfer on Facebook
The European Union (EU) has fined Facebook-owned data transfer platform Meta for violating privacy rules. The company will be fined 3.5 billion, the maximum allowed under EU’s data protection law. Meta is also required to stop transferring data from Facebook to the US within six months or face up to 2 billion fine. The ruling…
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Russia will cut oil output as sanctions bite
A Dubai-based company, registered as a decade ago, has been “operating as one of…key companies managing and operating…Maritime transport of Russian oil”, European Union said. The EU added the firm had been “the ultimate beneficiary” of its business operations. Last year, India and China had snapped up cheap oil from Moscow, just as the EU…