European Union

Meta’s Threads App

July 6, 2023

Meta, formerly known as Facebook, has recently developed a new app called Threads to compete with Twitter. However, the launch of the app in the European Union (EU) has been postponed due to regulatory concerns.   Regulatory Concerns and Delayed ..

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Repeat Offenders: Coal Power Plants Top the EU Emitters List

May 24, 2023

The European Union Emissions Trading System (EU ETS) plays a crucial role in monitoring greenhouse gas pollution and addressing climate challenges. Global Energy think tank Ember recently released the “Repeat offenders: coal power plants top the EU emitters list” report ..

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Regulation of Big Tech

May 23, 2023

The world of Big Tech has been under increasing regulatory scrutiny due to concerns surrounding privacy violations, data protection, abuse of market dominance, and geopolitical issues. Several major companies have faced fines, bans, and legal battles as governments and enforcement ..

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Spring 2023 Economic Forecast

May 16, 2023

The European Commission recently revised its growth outlook for the European continent for the years 2023-2024, demonstrating remarkable resilience in the face of various challenges. Despite an anticipated winter slump and a looming energy crisis resulting from Russia’s aggression against ..

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India- EU Trade and Technology Council – Current Updates (May, 2023)

May 15, 2023

The India-EU Trade and Technology Council (TTC) is set to hold its first Ministerial meeting in Brussels on 16 May. Co-Chairs and Launch of TTC The Ministerial meeting will be co-chaired by S Jaishankar, Piyush Goyal, and Ashwini Vaishnaw. The ..

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ESMA’s Derecognition of 6 Indian CCPs

May 4, 2023

European Securities and Markets Authority (ESMA), the European Union’s financial markets regulator and supervisor, has derecognized six Indian central counterparties (CCPs) from April 30, 2023, due to no cooperation arrangements between ESMA and Indian regulators. Derecognition of Indian CCPs EMIR ..

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EU’s Fit for 55 Package

May 1, 2023

The EU has introduced a comprehensive climate action plan called the Fit for 55 package to minimize greenhouse gas emissions that plays a major role in the global warming and climate change. What is the Fit for 55 package? The ..

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EU’s Markets in Crypto Act

April 24, 2023

The European Union’s legislature has granted final approval to the Markets in Crypto Assets (MiCA) regulations, which are the new common rules for the crypto space in Europe. The MiCA will regulate the supervision, consumer protection, and environmental safeguards of ..

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EDPB’s ChatGPT Task Force

April 15, 2023

The European Data Protection Board (EDPB) has formed a task force to address concerns related to OpenAI’s ChatGPT chatbot. This move comes after the Italian government banned the use of ChatGPT in the country and accused OpenAI of stealing users’ ..

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Digitization of Schengen Visa

April 4, 2023

The European Union member states’ ambassadors have approved a new proposal that aims to digitise the visa application process. This move will replace the current ‘Schengen’ sticker with a digital barcode to streamline the process and reduce visa processing delays ..

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