Google is facing a 2.1 billion euros ($2.3 billion) lawsuit filed by 32 media organizations in Europe, including Axel Springer and Schibsted, over alleged financial losses due to the company's digital advertising practices.
Tags: Europe
US Banks to Increase Loans to Oil and Gas Companies as Europeans Reduce Theirs Over Climate Change Concerns
U.S. regional banks are filling the lending gap for oil, gas, and coal companies left by European lenders amid climate concerns, with banks like Citizens Financial Group Inc., BOK Financial Corp., and Truist Securities Inc. increasing fossil-fuel loans.
Russia, China Agree to Boost Economic and Security Ties to Counter US Dominance in Europe and Asia
Russia and China have announced plans to deepen their security cooperation in Asia and Europe to counter the US' attempts to exert dominance on these regions.
HSBC Is Considering Selling Some Business Units in Germany to Focus on Asia as It Further Exits From Europe
HSBC is reportedly considering selling various business units in Germany. HSBC is reportedly considering selling various business units in Germany, particularly those dealing with wealth management, custody, and fund administration.
Europe Makes History As The First To Regulate AI, Affecting Platforms Like ChatGPT And Deepfakes
Europe sets a historic precedent by enacting the world's first comprehensive artificial intelligence law, aiming to regulate high-risk AI applications with enforcement measures, including fines of up to 7 percent of annual global profits for non-compliance.
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Renault CEO Luca de Meo urges European industrial nations to counter the threat of cheap foreign electric vehicles, highlighting Europe's passive stance in contrast to US subsidies and Chinese industrial strategies.
According to the station owner HS1, Eurostar may have to limit St. Pancras departures due to biometric border procedures later this year.
The European index rose 3.1% last week to its highest level since January 2022. Investors in Europe's stock markets are bracing for a flood of earnings reports, data releases, and statements from central banks, with the trading getting off to a shaky start this week.
The European Commission has proposed a three-year delay in implementing tariffs on electric vehicles (EVs) traded between the United Kingdom (UK) and the European Union (EU).
The financial system shouold be developing a balance way through banks and non-banks. There are four key dimensions of financial developent.
The European Union revealed its plan to invest EUR 5 billion for a common defense fund. The funding will strengthen the continent’s military capabilities and let the governments invest on military research.
Volkswagen, its Audi and Porsche luxury brands, BMW, Daimler, and Ford’s European division have joined forces to build more electric car charging sites across Europe. The joint venture wants to create 400 charging sites next year in order to boost the demand on electric vehicles.
As the new administration in United States assumes office, the European Allies were divided to whether or not they would enter into deals with the recently-elected American President.
The Gap between the poor and rich people in Europe still continues to widen. The gap between richer and poorer regions of euro-zone countries has increased since the financial crisis.
