European Union

Amid ongoing global economic recovery efforts, Kristalina Georgieva, Managing Director of the International Monetary Fund, has issued a cautionary note regarding persistent challenges such as high debt and low growth. Her remarks come as the U.S. and EU implement rate cuts to tackle inflation. What...

Tesla’s Chinese rivals slammed the proposed European Union tariffs on Chinese-made electric vehicles (EVs) during Paris Car Show. The situation has raised concerns about increased costs for consumers and potential impacts on the automotive market. What Happened: The European Union’s...

Germany is facing a sharp downturn in its manufacturing sector. What Happened: New orders for German manufacturing fell by 5.8% month-over-month in August, according to data from the German Destatis. This was a deeper-than-expected decline — much larger than the 2% drop forecasted by Bloomberg...

Google by Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) has lodged a complaint with the European Commission on Wednesday, alleging Microsoft Corp. (NASDAQ:MSFT) of anti-competitive practices in its cloud services. What Happened: Google claims Microsoft is leveraging its dominant Windows Server...

The European Commission has officially registered the PsychedeliCare initiative, which advocates for establishing a transnational legal framework for psychedelic-assisted treatments for mental health disorders. As Green Market Report outlined, this European Citizens’ Initiative aims to create...

New Tesla Inc. (NASDAQ:TSLA) vehicle registrations in the European Union in the first eight months of 2024 dropped 15% as compared to the corresponding period last year as overall electric vehicle (EV) demand dropped, data from Europe’s auto industry body showed on Thursday. What Happened:...

Alphabet Inc.'s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google won its appeal against the European Commission's €1.49 billion ($1.66 billion) antitrust fine for anticompetitive practices involving its online search advertising business. What Happened: Luxembourg-based General Court delivered a reprieve to...

Ahead of the European Union’s decision on tariffs for Chinese electric vehicles, China’s commerce minister has issued a stark warning about the potential negative impacts on trade, especially with Germany. What Happened: China’s commerce minister warned that the European Union...

Business mogul Mark Cuban recently shared his perspective on the escalating trade tensions between China and Russia, in the light of U.S. sanctions on Moscow. What Happened: On Sunday, Cuban took to X to express his views on the ongoing trade issues between China and Russia. The “Shark Tank...

The United States and the European Union have expressed apprehension over China’s significant aid to Russia’s military. They believe this assistance is enabling the ongoing conflict in Ukraine and creating a global security threat. What Happened: The concerns were articulated during the...

SpaceX and Tesla Inc. CEO Elon Musk has raised alarms about a looming population collapse due to declining birth rates in the European Union. What Happened: Musk responded to a news update by Mario Nawfal highlighting the EU’s fertility crisis. In his post on X, Musk stated, “Birth...

Sen. Ted Cruz (R-Texas) praised Elon Musk’s acquisition of Twitter, calling it a significant move for free speech, amidst increasing crackdowns by governments. What Happened: On Thursday, Cruz expressed his views on the recent developments surrounding Musk’s social media platform, X,...

China has voiced strong opposition to the European Union’s tariffs on electric vehicle (EV) imports, labeling them as “unfair.” The country has assured its commitment to safeguard its EV industry against such actions. What Happened: The Chinese government expressed its...

The House Judiciary Committee has called out European Union's Thierry Breton for trying to "intimidate" Elon Musk's X. What Happened: The House Judiciary Committee has condemned the European Union’s actions, threatening to investigate their attempts to infringe on free speech. On Thursday,...

Elon Musk‘s social media platform, X, is under fire for allegedly using the data of European Union users to train artificial intelligence models without their consent. What Happened: X, a social media platform owned by Musk, is facing nine privacy complaints from EU users. The platform...