Digital assets have soared recently to unprecedented heights and then plummet just as quickly. It’s an extremely volatile financial environment. Amid this volatility, the European Union’s securities watchdog, the European Securities and Markets Authority (ESMA), has sounded a cautionary note. The Concentration Conundrum ESMA’s latest report highlights a considerable concern: theRead More →
The International Monetary Fund calculates that Russia’s economy will expand more rapidly than all advanced economies this year. According to the latest World Economic Outlook released by the IMF, Russia’s economy is projected to expand by 3.2% in 2024. This growth outpaces the anticipated growth rates for the U.S. atRead More →
Eurozone inflation eased to 2.4% in March 2024, as indicated by preliminary figures released on Wednesday 3rd April 2024. This decrease has increased expectations that interest rate cuts may start in the summer 2024. Market analysts anticipate that the central bank will commence reductions in interest rates starting in JuneRead More →
On Monday, 25th March 2024, the European Union initiated its first investigation under the new Digital Markets Act, targeting Apple, Alphabet, and Meta for potential tech legislation breaches. Statement “Today, the Commission has opened non-compliance investigations under the Digital Markets Act (DMA) into Alphabet’s rules on steering in Google Play and self-preferencing on GoogleRead More →
The European Union (EU) has made history by approving the world’s first comprehensive regulatory framework for artificial intelligence (AI). Artificial Intelligence Act Known as the Artificial Intelligence Act, this groundbreaking legislation is expected to serve as a global signpost for other governments grappling with how to regulate this fast-developing technology. The AI Act takesRead More →
Euro zone inflation eased to 2.6% in February figures showed on Friday 1st March 2024, but both the headline and core figures were higher than expected. Core inflation Core inflation, removing the volatile elements of energy, food, alcohol and tobacco was 3.1% above the 2.9% rate expected. The February figuresRead More →
European Union officials have reached a provisional deal on the world’s first comprehensive laws to regulate the use of artificial intelligence (AI). The EU agreed guidelines around AI in systems like ChatGPT and facial recognition. The European Parliament will vote on the AI Act proposals early next year, but anyRead More →
Annual inflation in the euro zone sank to 2.4% in November 2023 from 2.9% in October 2023, data showed Thursday 30th November 2023. Core inflation was also below expectations at 3.6%. The European Central Bank has stressed that it is too early to declare victory in the 20-member euro zoneRead More →
Lilium is a German start-up that is developed a five-seater electric jet that can take off and land vertically. It is a flying taxi. The company aims to offer sustainable, high-speed air mobility through its aircraft, vertiports and digital service. Lilium successfully tested its prototype in 2019 and 2021 and plansRead More →
According to the latest data from Eurostat, the statistical office of the European Union, the euro area annual inflation was 2.9% in October 2023, down from 4.3% in September 2023. The main factor behind the decline in inflation was a sharp drop in energy prices, which fell by some 15%Read More →
TikTok is a popular social media app that allows users to create and share short videos. But, it has faced some controversies regarding its algorithm, design, and data protection. Tiktok has issues The company was fined $368 million in Europe for failing to protect children’s data. The Irish Data ProtectionRead More →
Eurozone interest rates have been hiked again to a record high by the European Central Bank (ECB). The bank raised its key rate for the 10th time in a row, to 4% from 3.75%, as it warned inflation was expected to remain too high for too long. The latest increaseRead More →
China’s exports plunge According to latest figures the country’s trade fell more sharply than expected in July 2023, as both global and domestic demand receded amid the pandemic and ongoing tensions with the United States. China’s exports fell by 14.5% in July 2023 from a year ago, the biggest dropRead More →
EU Inflation 5.3% July 2023 Euro zone inflation fell in July, and new growth figures showed economic activity picking up in the second quarter of this year, but economists still fear a recession. Headline inflation in the EU was 5.3% in July, according to preliminary data released end of JulyRead More →