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“#Tech giants face tougher rules, big fines under EU plan” Big tech companies face hefty fines in Britain and the European Union if they treat rivals unfairly or fail to protect users on their platforms, in proposed regulations unveiled Tuesday by officials in London and Brussels. The EU outlined its long-awaited sweeping overhaul of digital…
“#UK gunships will block EU fishing boats if no-deal Brexit” Britain is bringing out the big gunships in case of a no-deal Brexit. Four of the Royal Navy’s vessels are being deployed to protect UK waters from European Union fishing boats if the two sides can’t reach a nearly $1 trillion trade agreement by the…
“#EU leaders agree to reduce emissions after all-night talks” BRUSSELS — European Union leaders reached a hard-fought deal Friday to cut the bloc’s net greenhouse gas emissions by at least 55% by the end of the decade compared with 1990 levels, avoiding a hugely embarrassing deadlock ahead of a U.N. climate meeting this weekend. Following…
“#Europe approves stimulus in response to lockdowns hurting businesses” FRANKFURT, Germany — The European Central Bank unleashed another half-trillion euro ($600 billion) wave of stimulus as a winter surge in COVID-19 infections shuts down large parts of the economy and wipes out pre-Christmas sales revenue ahead of the region’s most important holiday. The 25-member governing…
“#Hackers steal Pfizer, BioNTech COVID-19 vaccine info from EU agency” Pfizer and BioNTech say hackers stole information about their coronavirus vaccine from the European Union’s drug regulator. The European Medicines Agency confirmed Wednesday that it was hit with a cyberattack as it reviewed the two companies’ COVID-19 shot for possible approval later this month. The…
“# European Commission taking bids for blockchain pre-commercial procurement ” The European Commission is inviting tenders for the European Union blockchain pre-commercial procurement, or PCP. In general, a PCP is a public sector purchase of research and development services to adapt new or emerging technology to its needs. This PCP will focus on developing a…
“#EU officials say UK approved Pfizer COVID vaccine too fast” European Union officials slammed the UK on Wednesday for rushing its landmark approval of Pfizer’s coronavirus vaccine, saying health authorities shouldn’t put speed ahead of safety. The British government cleared the COVID-19 shot early Wednesday, just 10 days after it started examining data from large-scale…
“# European central bankers predict that the digital euro is at least five years away ” Several experts from various European banks agreed that even a proof of concept for a digital euro is four or five years away. In a panel on Monday called “Upgrading Money to the Digital Age: Introducing Digital Euro,” participants…
“# Big banks think new furniture is innovation, but they are wrong ” When banks finally come to improve their technology experience, they go no deeper than changing the front end. They’ll make a button blue instead of green or create rounded edges on buttons instead of square ones. They think in terms of their…
“# OECD tax director says international crypto tax standards are coming in 2021 ” Pascal Saint-Amans, the director of the OECD’s Centre for Tax Policy and Administration, has asserted that the 37-nation organization will introduce a common reporting standard, or CRS, for crypto assets in 2021. According to Law360, Amans stated that the crypto tax…