Tag: EU

BUSINESS

Regulators Seek To Block Microsoft’s Activision Takeover

U.S. Regulators have asked a judge to block Microsoft from completing its $69 billion Call of Duty publisher Activision Blizzard purchase. The U.S. Federal Trade Commission said the deal, which would be the largest in the video game industry’s history, could substantially lessen competition in the sector. The move comes after the UK blocked the deal over concerns it would […]

BUSINESS

Meta Violation Of Data Privacy Rules Set To Cost Company $1.3 Billion

Facebook’s parent company, Meta, was ordered to pay out €1.2 billion, or about $1.3 billion, for failing to abide by the European Union’s privacy policies. The fine was imposed by the Irish Data Protection Commission which charged that Meta had violated the terms of General Data Protection Regulations (GDPR), a set of rules for protecting customer privacy in the European […]

NEWS

EU Tech Tsar Vestager Sees Political Agreement On AI Law This Year 

TAKASAKI, JAPAN — The European Union is likely to reach a political agreement this year that will pave the way for the world’s first major artificial intelligence (AI) law, the bloc’s tech regulation chief, Margrethe Vestager, said on Sunday. This follows a preliminary deal reached on Thursday by members of the European Parliament to push through the draft of the EU’s […]

Jamaica

Critical Issues Discussed At Jamaica-EU Political Dialogue

Jamaica and the European Union (EU) continue to collaborate on critical global, regional, and national issues that are also linked to achieving sustainable development. Matters, including security, human rights, EU blacklisting, environment, and climate change, were discussed during the sixth Jamaica-EU Political Dialogue, held at the Ministry of Foreign Affairs and Foreign Trade. Portfolio Minister, Senator the Hon. Kamina Johnson […]

NEWS

Iran Says It Has New Ideas On Nuclear Deal After EU Proposes Text

It appears an impasse over the 2015 nuclear deal is continuing 15 months after negotiations began to restore it. Tehran, Iran – Iran has said it has new ideas to restore its 2015 nuclear deal with world powers after the European Union’s coordinator proposed what seems to be a final text to reach an agreement. EU foreign policy chief Josep Borrell […]

BUSINESS

ECB Pushes Up Interest Rates

The European Central Bank (ECB) has raised interest rates for the first time in more than 11 years as it tries to control soaring eurozone inflation. The ECB increased its key interest rate by 0.5 percentage points to 0.0% and plans further hikes this year. The rate has been negative since 2014 in a bid to boost the region’s economy […]

NEWS

Ukraine’s EU Membership Decision By Next Week, Chief Says

EU is finalizing an assessment on whether to recommend Ukraine for membership that will be announced next week, Ursula von der Leyen said. Ukraine will learn by the end of next week whether it can start the process to join the European Union. During a surprise visit to the capital Kyiv, European Commission President Ursula von der Leyen met President […]

Jamaica

EU To Provide €30 Million In Support To Jamaica

The European Union (EU) has set aside an initial €30 million to support Jamaica in the areas of digital transformation, climate change resilience, and improved governance, human rights, and citizen security up to 2027. Ambassador of the Delegation of the EU to Jamaica, Her Excellency Marianne Van Steen, who made the disclosure, noted that these areas have been identified as […]

BUSINESS

Germany Energy Firm Backslides

One of Germany’s biggest energy firms has said it is preparing to buy Russian gas using a payment system that critics say will undermine EU sanctions. Uniper says it will pay in euros which will be converted into roubles, meeting a Kremlin demand for all transactions to be made in the Russian currency. Other European energy firms are reportedly preparing […]

BUSINESS

Elon Musk Warned By European Commission

Elon Musk has been warned he must protect Twitter users from harmful content after he struck a $44 billion deal to buy the social media giant. The billionaire vowed to relax content restrictions, sparking fears from human rights groups it could lead to a rise in bullying and misinformation. However, the European Union’s representative for the internal market has warned […]