ECB Cuts Rates
On Thursday, June 6, the European Central Bank decided to cut interest rates for the first time in five years.
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Euro-Area Inflation Accelerates
In the eurozone, an acceleration in the rate of inflation was recorded, which exceeded preliminary expectations regarding the dynamic of this process.
OpenseedVC Reaches First Close of $10m Fund for Early Stage Startups across Africa and Europe
Female-led OpenseedVC has reached the first close of its $10 million angel-style early-stage fund, hoping to reach the final close within a year.
Green Finance Becomes a New Norm: Research
The new LBBW study “Sustainability and Green Finance” confirms that combining finance with sustainable aspects is increasingly becoming normal rather than exceptional.
ECB Holds Interest Rates to First Cut in June
During the meeting on Thursday, April 11, the European Central Bank decided to keep interest rates at the same level.
ECB Prepares to Start Cutting Interest Rates Before Fed Does
The European Central Bank is demonstrating a kind of determination as part of its aspirations to begin implementing a policy of cutting interest rates before similar decisions are made by the Federal Reserve System.
EU Starts Probe Into Meta, Apple and Alphabet
The European Union on Monday, March 25, announced the launch of an investigation into such technology giants as Apple, Alphabet, and Meta.
World Fund to Offer €300M to European Climate Tech Founders
German-based climate VC World Fund has raised a €300M fund to make substantial investments into European tech startups, developing technologies that can potentially decarbonise entire industries.
Apple to Allow iPhone App Downloads From Websites in Europe
IPhone owners who live in European Union countries will be able to download apps for their smartphones from websites, instead of through the App Store or a competing virtual store of digital products.
Apple Makes Big App Store Changes in Europe
Apple is forced, in a sense, to weaken the symbolic fortress of the iPhone in Europe against the background of stricter regulatory requirements in this region.
Apple Set to Face EU Fine
Apple is facing a fine of about €500 million from the European Union as part of an investigation into the possible application of illegal practices by the technology giant against its music streaming competitors, including Spotify Technology SA.
EU to Advance AI Act
As France and Germany withdrew their objections to the AI Act, the EU can proceed with the next steps required for implementing the regulation.
Bitpanda Launches Institutional Crypto Platform
Austrian fintech unicorn Bitpanda has launched Bitpanda Wealth – a cryptocurrency trading platform catering to the growing demand for institutional crypto services in the EU.
BlueLayer Works on Operating System for Carbon Project Developers
BlueLayer is currently working on creating a software platform designed to be used by developers of carbon projects.
Italy Claims OpenAI Breaks GDPR Laws
The Italian data protection authority (DPA) has concluded that OpenAI and its popular AI chatbot ChatGPT do not comply with the European Union GDPR provisions.
ECB Vice President Warns About Difficulties in European Economy
Luis de Guindos, Vice President of the European Central Bank, stated that the eurozone’s economic system may have experienced a downswing at the end of last year, and noted that difficulties in this area are likely to continue in 2024.
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