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Bitcoin Tumbles Below $85,000 Amid President Trump's EU Tariff Threats
Wednesday, February 26, 2025 - 4:11pm | 439Bitcoin (CRYPTO: BTC) is continuing its price slide on Wednesday as President Donald Trump threatened 25 percent tariffs on the European Union. The apex crypto slid as low as $83,724 in the aftermath. The Financial Times on Wednesday reported on the president’s remarks at the first cabinet...
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Mark Zuckerberg Accuses EU Of Censorship, Spokesperson Pushes Back On Meta's Allegations: 'We Absolutely Refute Any Claims'
Thursday, January 9, 2025 - 2:43am | 494Meta Platforms, Inc. (NASDAQ:META) CEO Mark Zuckerberg's accusation of censorship has been firmly denied by the European Commission. What Happened: On Wednesday, the European Commission dismissed claims by Meta that EU data laws censor social media, reported Reuters. The Commission stated that...
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MagSafe Won't Be Phased Out By EU's New Directive: Here's Why MacBook Users Have Nothing To Worry About
Tuesday, December 31, 2024 - 2:57am | 634The EU’s USB-C directive has officially come into force, mandating a universal charging port for electronic devices. What Happened: The directive, effective from 2025, requires mobile phones to feature a USB-C port. All 27 EU member states had until Dec. 28 to incorporate this directive into...
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European Commission Downgrades EU GDP Growth On 'Geopolitical Risks'
Friday, November 22, 2024 - 2:51pm | 1843The European Commission (EC) downgraded its forecast for the European Union's (EU) gross domestic product, pointing to "key geopolitical risks" from the war in Ukraine and the Middle East. Brussels expects the EU GDP to grow by a mere 0.8% this year and 1.5% in 2025 compared to a May forecast...
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German Commercial Property Market Is 'Source Of Elevated Risk'
Friday, November 22, 2024 - 8:33am | 1418The Germany commercial property market "remains a source of elevated risk," one that financial regulators are monitoring closely after a rapid succession of interest rate increases hit property values. "The financial system is facing acute challenges due to geopolitical tensions and a weak economy...
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Amazon At Risk Of Major Fine As EU Investigates Alleged Preference For In-House Products Under Digital Markets Act: Report
Friday, November 22, 2024 - 1:01am | 494The EU is reportedly set to investigate Amazon.com, Inc. (NASDAQ:AMZN) in 2025 for favoring its in-house branded products. What Happened: The EU is preparing a case against Amazon under its Digital Markets Act or DMA, reported Reuters, citing people with direct knowledge of the matter. The probe...
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European Stability May Improve With Trump's 'Peace Through Strength' Policy
Thursday, November 21, 2024 - 12:20pm | 1793European geopolitical stability may improve during the next Trump administration, despite concerns about the upcoming US president's impact on global security. Citi analyst have forecasted Citi analysts forecasted that Brent crude, which closed at $73.49 a barrel on Wednesday, would...
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This Week In Appleverse: $3.8B Lawsuit, EU Directives, And Upcoming Products
Sunday, November 17, 2024 - 8:00am | 645It was a rollercoaster week for Apple Inc. (NASDAQ:AAPL). From facing a hefty legal claim in the UK to receiving directives from the EU, the tech giant had its hands full. Amidst these challenges, Apple also revealed exciting plans for new tech products set to challenge industry competitors. Here...
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Georgian Election Plunges Nation Into EU-Russian Deadlock
Wednesday, November 13, 2024 - 8:27pm | 1588The Georgian elections plunged the Caucasus country into political uncertainty after the pro-Russian ruling party won amid allegations of Russian meddling. Thousands of pro-European Union (EU) supporters have protested in the capital Tbilisi since the vote on October 26. The opposition...
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German Coalition Collapse Leaves European Powerhouse Rudderless
Friday, November 8, 2024 - 5:13pm | 1724The German coalition collapse will further stress Europe's largest economy, one already mired with problems at home and abroad. Chancellor Olaf Scholz fired Finance Minister Christian Lindner on Wednesday after weeks of government disputes about the ailing economy. Scholz now leads a minority...
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Trump Presidency Raises Concerns About European Recession
Thursday, November 7, 2024 - 2:50pm | 2076A Trump presidency has raised concern in Europe that a new round of tariffs under his administration will cause a economic recession in Europe. A trade war during Trump's four-year term would also increase the probability of the European Central Bank (ECB) cutting rates faster to spur growth....
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European Defense Contractors Will Benefit From Global Submarine Demand
Tuesday, November 5, 2024 - 11:52am | 1647European defense contractors have focused on their submarine and naval asset production to meet rising demand for advanced underwater systems as geopolitical tensions spur an increase in military spending. European makers of submarines have benefited from the 6.8% annual increase in global...
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German Economy Faces Strong Headwinds Despite Return To Growth
Wednesday, October 30, 2024 - 3:24pm | 1571The German economy faces strong headwinds despite data showing that Europe's largest exporter of goods returned to economic growth in the third quarter, beating analysts' estimates. The economy grew by 0.2% quarter-on-quarter in Q3, from an initial -0.1% in Q2, the Federal Statistical Office...
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Will Tesla's Giant Move Help NASDAQ Break Out?
Friday, October 25, 2024 - 6:42pm | 1297To gain an edge, this is what you need to know today. Nasdaq Breakout? Please click here for a chart of Invesco QQQ Trust Series 1 (NASDAQ:QQQ). Note the following: The chart shows QQQ is in the resistance zone. The chart shows that QQQ moved up on giant Tesla Inc (NASDAQ:TSLA) earnings. ...
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European Alliance Calls On EU To Reconsider Nuclear Power Policies
Wednesday, October 23, 2024 - 12:29pm | 1374The European Nuclear Alliance has called upon the European Commission to consider nuclear energy as "essential contributors" to decarbonization pathways in Europe. "We strongly encourage the upcoming college of Commissioners to deliver a paradigm shift in our energy policy," the alliance said at...