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3 mins read
'We're not backing down:' How the West plans to use Russia's frozen funds, and why some say it's still not enough to help Ukraine
G7 leaders reached a compromise agreement to use profits from Russia's frozen assets as collateral …
Filip De Mott
2 mins read
The EU slapped massive tariff hikes on China's EV giants. Investors don't seem to care.
Share prices of most Chinese electric vehicles surged on Thursday.
Huileng Tan
2 mins read
Global powers are helping Ukraine by giving it money frozen from Russia. That spells bad news for companies still doing business there.
Companies that stayed in Russia after its 2022 invasion of Ukraine may have their assets seized if …
Filip De Mott
1 min read
EU defense bonds could be a new asset class to bolster weapons makers amid Russia's war on Ukraine, European Council chief says
"We should also consider the idea of European defense bonds to strengthen our technological and ind…
Filip De Mott
1 min read
Meta says it won't release its AI assistant in Europe because EU regulations will make it 'second rate'
EU regulators want to restrict the use of Facebook and Instagram data to train Meta's AI products.
Katie Balevic
2 mins read
Apple stock falls as EU regulators tighten screws and China bans iPhones for government workers
The European Commission named Apple and other Big Tech firms as "gatekeepers," while China barred g…
Phil Rosen
1 min read
Apple reportedly faces its first EU antitrust fine
It will be the first time the European Union has imposed a financial penalty on the iPhone maker if…
Jyoti Mann
2 mins read
Spain to send Patriot missiles to Ukraine amid mounting pressure from EU and NATO allies, report says
Spain has decided not to send any of its launchers for the Patriot system to Ukraine, however, El P…
Cameron Manley
1 min read
China is coming under increasing fire from the US and EU over its Russia dealings
"Unprecedented pressure from the United States and the European Union on the People's Republic of C…
Filip De Mott
2 mins read
Stock market today: US stocks extend records on rate-cut optimism
Stocks rallied on Thursday following Wednesday's Federal Reserve decision to hold rates steady. Mea…
Phil Rosen
2 mins read
Russian economy may face more hardship as the EU looks to close sanctions loopholes
The EU is considering sanctions on countries that re-export banned products into Russia, the Financ…
Filip De Mott
2 mins read
Meta to let EU users unlink their Instagram, Facebook, Messenger accounts
To comply with the Digital Markets Act (DMA) in the European Union (EU), Meta on Monday announced t…
3 mins read
Carbon tax turns into climate fight at COP28
The European Union's plan to impose a tax on the carbon pollution emitted to make goods imported fr…
PTI
2 mins read
Stock market today: US stocks close mixed as investors await this week's Fed testimony
Jerome Powell is scheduled to testify before Congress on Wednesday and Thursday, offering clues as …
Filip De Mott
2 mins read
Profits from frozen Russian assets should be used to help buy weapons for Ukraine, European Commission head says
There's "no greater use for that money than to make Ukraine and all of Europe a safer place to live…
Filip De Mott
1 min read
Stock market today: futures slip after Nvidia's earnings blowout fuels bumper week
The S&P 500, Nasdaq 100, and Dow Jones Industrial Average were all set to open lower on Monday as i…
Theron Mohamed
2 mins read
Trump's plan to end the Ukraine war is to totally cut off funding, says Putin's closest EU ally
Former President Donald Trump's solution to end the Ukraine war involves completely cutting defense…
Mia Jankowicz
1 min read
A full phaseout of Russian liquefied natural gas is possible for some EU states, energy commissioner says
"The EU's gas storages are more than half full, which means we finished this heating season in a co…
Filip De Mott
2 mins read
Russian oil is being sold way above the EU price cap, researchers say
Russian crude was selling at an average price of $74 a barrel in the weeks after the EU price cap k…
Jennifer Sor
3 mins read
New Delhi to host first ever EU-India roundtable on countering terrorist exploitation of drones
The day-long EU-India roundtable seeks to better understand the range of current and emerging threa…