European Commission Closes Amazon Tax Case Without Back Payment
Amazon will not be required to pay €250 million ($263 million) in back taxes after the European Commission announced the closure of a long-standing state aid investigation. This decision brings…
Germany is Betting Big on Chips with a €2 Billion Subsidy Plan
Germany has announced plans to invest around €2 billion into its semiconductor industry. This funding aims to develop advanced chip production capabilities and strengthen the European semiconductor ecosystem, according to…
Declining EV Sales Push Porsche to Stick with Gas Engines
Porsche, long celebrated for its high-performance vehicles, is slowing its shift to an all-electric lineup. The automaker will continue producing internal combustion engine (ICE) vehicles for longer than anticipated, as…
London Tackles Reckless E-Bike Parking
Transport for London (TfL) is cracking down on e-bike parking issues, introducing measures to ensure compliance from operators like Lime and Forest, which oversee over 40,000 e-bikes citywide. While London’s…
Ex-Binance Executives Introduce Euro-Pegged Stablecoin Compliant with MiCA Regulations
As Europe edges closer to the final enforcement deadline of the Markets in Crypto-Assets Regulation (MiCA) by the end of the year, Schuman Financial, steered by former Binance executives including…
EU Faces Stalemate in Talks with China Over EV Tariffs
European Union officials have dismissed claims that a resolution to ongoing trade tensions with China over electric vehicle (EV) tariffs is near. While discussions between the EU and Chinese representatives…
Microsoft Halts Windows 11 Update After Ubisoft Game Crashes
Microsoft has confirmed that its Windows 11 version 24H2 update is causing problems for some Ubisoft games, including crashes and black screens. In response, the company has halted the update’s…
Industry Leader Advocates Broader Scope for European Chips Act Revision
The European Semiconductor Industry Association (ESIA) has urged the European Commission to expand its semiconductor strategy to include “foundational and legacy” chips, citing the region’s established expertise in these technologies.…
Russia Sets to Impose Crypto Mining Limits in 13 Regions to Conserve Energy
The Russian government is actively deliberating the imposition of crypto mining restrictions across 13 regions to mitigate energy shortages, particularly during peak demand periods. This decision follows the enactment of…
Paxos Expands into the EU with Membrane Finance Acquisition for Stablecoin Growth
Paxos, a leading blockchain infrastructure platform, has strategically positioned itself for an expansion into the European market by acquiring Membrane Finance, a Finnish Electronic Money Institution. This acquisition is set…
Polish Presidential Candidate Pledges Support for Strategic Bitcoin Reserve
Polish presidential candidate Sławomir Mentzen has vowed to create a Bitcoin reserve if he wins the country’s 2025 election, echoing a similar promise made by U.S. President-elect Donald Trump during…
Revolut Expands Cryptocurrency Exchange to 30 New European Markets
Revolut, the cryptocurrency-friendly neobank, has extended its crypto exchange services to 30 new markets across the European Economic Area (EEA). The expansion includes countries such as Belgium, Cyprus, and Denmark,…
EU Publishes First Draft Code of Practice for General-Purpose AI Mode
The European Union has taken a significant step toward regulating artificial intelligence with the publication of a draft Code of Practice. This initial version targets providers of general-purpose AI models,…
EU Regulator Issues Restrictive Measure Guidelines for Crypto Providers
The European Banking Authority (EBA), Europe’s key regulatory body overseeing the banking sector, has released two sets of guidelines aimed at improving compliance with the European Union’s restrictive measures, particularly…
Google to End Political Ads in the EU
Google plans to stop serving political ads in the European Union next year, citing concerns over new regulations aimed at enhancing transparency. This move follows similar actions in France, Canada,…
Italy Moderates Proposed Crypto Tax Increase
The Italian government is reportedly revising its approach to cryptocurrency taxation, proposing to increase the capital gains tax on digital assets from 26% to 28%, rather than the previously speculated…
Bitget Resumes Operations in the UK Following Regulatory Compliance
Cryptocurrency exchange Bitget has officially resumed its services in the United Kingdom, aligning with local financial regulations to ensure full compliance with the financial promotions regime. This development, confirmed on…
Guardian Pulls Official Accounts from Musk’s X
The Guardian has announced it will no longer post on X, the social media platform owned by Elon Musk and formerly known as Twitter. The decision, affecting more than 80…
Apple Faces $3.8 Billion UK Lawsuit Over Alleged iCloud Monopoly
Apple finds itself at the center of a £3 billion lawsuit in the United Kingdom, claiming the tech giant has violated competition laws by imposing inflated prices on its iCloud…
French Newspapers Sue Social Platform X, Demand Payment for Shared News
French newspapers have banded together to take social platform X to court, accusing it of skirting a law that requires digital platforms to pay for reusing news content. Heavyweights like…