European Union

Editor’s Note: The story has been updated with comments from TikTok. In a recent development, TikTok has decided to eliminate a contentious rewards feature that was under scrutiny for encouraging excessive screen time, particularly among young users. This decision was made in response to...

The European Union’s groundbreaking AI Act, a legislation aimed at regulating artificial intelligence, officially comes into effect today, bringing significant changes for American tech giants. What Happened: The AI Act, which was approved by EU member states, lawmakers, and the European...

As the European cannabis movement gains momentum, the Czech Republic stands out. A recently leaked document revealed the model of adult-use legalization being pursued in the country. European Precedents Since Germany announced its plans to legalize adult-use cannabis, international observers have...

Elon Musk’s social media platform X has been found in violation of the European Union’s online content law. The preliminary decision by the EU’s executive arm could result in a fine for the company. What Happened: The European Commission’s decision on Friday was the...

Hungarian Prime Minister Viktor Orbán has embarked on a controversial “peace mission” this week, as he reportedly plans to meet former U.S. President Donald Trump seeking to mediate between Ukraine and Russia. What Happened: A source close to Orbán said that the Hungarian prime minister...

Apple Inc. (NASDAQ:AAPL) has agreed to allow its competitors to use its tap-and-go mobile payments system. This decision comes as a resolution to a long-standing antitrust investigation by the European Union. What Happened: The EU’s antitrust regulators announced on Thursday that Apple will...

In response to the increased tariffs imposed by the European Union and the United States, Chinese electric vehicle (EV) manufacturers are exploring Africa as a potential market. What Happened: The decision by the EU and U.S. to impose higher tariffs on Chinese EVs has led Chinese companies to seek...

In a recent meeting with Hungary’s Prime Minister, Viktor Orbán, Chinese President Xi Jinping took aim at the U.S., calling on world powers to assist Russia and Ukraine in resuming direct dialogue and negotiations. What Happened: The meeting took place on Monday in Beijing, China, and was...

The European Union (EU) is considering imposing on inexpensive goods bought online through Chinese retailers like Alibaba Group Holding Limited‘s (NASDAQ:BABAF) rivals Shein and PDD Holdings‘ (NASDAQ:PDD) Temu. What Happened: The European Commission is set to propose the abolition of...

Warren Buffett-backed Chinese EV giant BYD Co. Ltd. (OTC:BYDDF) (OTC:BYDDY) is set to inaugurate its first Southeast Asia factory in Thailand, a move that coincides with the implementation of new tariffs on Chinese EVs in the European Union. What Happened: BYD’s $486 million facility in...

The European Union (EU) is reportedly gearing up to charge Meta Platforms Inc. (NASDAQ:META), the parent company of Facebook, with a breach of its digital regulations. This news comes just a week after a similar case was initiated against Apple Inc. What Happened: The European Commission plans to...

In the wake of escalating tensions with the European Union (EU) over electric vehicle (EV) imports, China has issued a warning that a trade war could be imminent. The cautionary note comes as Germany’s economy minister, Robert Habeck, visits Beijing, with the proposed tariffs being a primary...

Canada is considering imposing tariffs on Chinese-made electric vehicles in line with recent moves by the U.S. and the European Union. This decision, if implemented, could significantly impact the global EV market. What Happened: The Canadian government, led by Prime Minister Justin Trudeau, is...

The European electric vehicle market, which has been experiencing a slump, is expected to see a turnaround in 2025. This is due to the introduction of more affordable EV models by carmakers to comply with stringent emission regulations. What Happened: The Transport & Environment lobby predicts...

The European Union is set to vote on a controversial proposal that could potentially undermine encryption by allowing the scanning of private communications for illegal content. This has been slammed by Elon Musk-backed Signal app, and encrypted email provider, Proton. What Happened: The EU Council...