European Union

A coalition of 26 European industry groups has called for a non-discriminatory approach to the proposed European Union Cybersecurity Certification Scheme (EUCS) for cloud services. The groups demanded that tech giants like Microsoft Corp. (NASDAQ:MSFT), Alphabet Inc.’s (NASDAQ:GOOG) (NASDAQ:...

Nike Inc (NYSE:NKE) encountered a significant legal hurdle in its ongoing efforts to trademark the term “footware” for tech-related products, following a ruling by the General Court of the European Union. This decision came after a challenge from German competitor Puma SE (OTC:PMMAF)....

A Bain & Co. partner has cautioned that the ongoing price wars among Chinese electric vehicle manufacturers in overseas markets could potentially raise doubts about the quality of their products. What Happened: Helen Liu, a partner at Bain & Co., has expressed concerns about the strategy of...

Meta Platforms Inc. (NASDAQ:META) has been hit with a complaint in Norway for using user images and posts from Facebook and Instagram to train AI models. What Happened: The Norwegian Consumer Council claims that the opt-out process violates strict EU data protection laws, Bloomberg reported on...

The European Union has introduced new tariffs on electric vehicles manufactured in China, a move that could pose challenges for Chinese automakers. However, companies like Warren Buffet-backed BYD (OTC:BYDDF) (OTC:BYDDY) are expected to remain competitive, according to experts. What Happened: The...

By RoboForex Analytical Department The EUR/USD pair declined to 1.0740 on Wednesday, nearing the month’s low. This downward movement is primarily driven by the political instability in France following the significant developments in the European Parliament elections. French President...

Following a significant loss in the EU elections, French President Emmanuel Macron has announced his intention to dissolve parliament and call for a snap legislative election. What Happened: Macron’s decision comes in response to exit polls indicating a win for Marine Le Pen’s far-right...

Edward Snowden, the former National Security Agency contractor, hinted at potential trouble for President Joe Biden following the European Union election results. What Happened: In a post on X, formerly Twitter, on Sunday, Snowden said, “Pro-war politicians were just harshly punished in EU...

The parent company of Facebook, Meta Platforms Inc (NASDAQ:META), has been hit with 11 complaints from the European Union (EU) regarding its proposed use of personal data to train artificial intelligence (AI) models. What Happened: The complaints were filed on Thursday, Reuters reported. The...

McDonald's Corp. (NYSE:MCD) has lost the trademark rights to its chicken-based Big Mac in the European Union. What Happened: The ruling was made by the EU's General Court in Luxembourg on Wednesday, Bloomberg reported. The court determined that McDonald's did not provide sufficient evidence of...

Recent analysis by Evercore ISI indicates that Apple Inc. (NASDAQ:AAPL) has experienced negligible revenue impact in the EU App Store after complying with the European Union’s Digital Markets Act (DMA). What Happened: Despite the regulatory changes that took effect in March, the EU App Store...

OpenAI’s ChatGPT is falling short of meeting the EU’s data accuracy standards, despite concerted efforts to minimize factually incorrect outputs, as per the EU’s privacy watchdog. What Happened: A task force at the EU’s privacy watchdog has found Microsoft Corp.-backed (...

The European Council has given the final nod to the Artificial Intelligence (AI) Act, a pioneering law that is set to establish global standards for AI regulation. What Happened: The AI Act, which is now approved by the Council, is designed to standardize regulations on AI, reported the European...

China has taken a new step in the ongoing economic battle with the west, launching a new anti-dumping probe of plastics made in the U.S. and the European Union. The move can be read as a possible retaliation against recent protectionist measures by Western countries, including a recent increase of...

Richard Branson, the founder of Virgin Group, has called for the withdrawal of a controversial bill in Georgia, amid widespread protests. The bill, if passed, would require organizations receiving over 20% of their funding from abroad to register as “agents of foreign influence.” What...