German inflation eased significantly in March on the back of lower energy prices but still came in above forecast, adding to pressure on the European Central Bank to further tighten its monetary policy. German consumer prices, harmonised to compare with other European Union countries, rose by an annual 7.8% in March, preliminary data from the […]
EU
Britain’s finance ministry set out plans on Thursday to meet its target of becoming the world’s first net-zero aligned financial centre, proposing measures to stamp out so-called greenwashing in financial markets and channel cash into sustainable projects. The ministry said in an update to its Green Finance Strategy “we will ensure market participants have the […]
The European Union enters the final stage of tense talks over how to treat hydrogen produced using nuclear power on Wednesday, in an effort to end a dispute that threatens to thwart a deal on more ambitious renewable energy goals. Negotiators from EU countries and the European Parliament are meeting to reach a deal on […]
Two rival alliances of European Union countries held final-hour talks in Brussels on Tuesday, ahead of negotiations on whether to recognise nuclear power under the EU’s renewable energy goals. The stand-off comes a day before EU countries and lawmakers are supposed to agree tougher EU targets to expand renewable energy by 2030 – a key […]
Apple Inc on Tuesday launched its “buy now, pay later” (BNPL) service in the United States, a move that threatens to disrupt the fintech sector dominated by firms like Affirm Holdings and Swedish payments company Klarna. The service, Apple Pay Later, will allow users to split purchases into four payments spread over six weeks with […]
Canada on Tuesday sought to close competitive gaps with United States with a budget aimed at attracting investment in the low-carbon economy, including tax incentives for electric-vehicle (EV) manufacturers and expanding the electricity grid. The 2023-2024 fiscal document, delivered to the House of Commons, also has a “grocery rebate” for 11 million low-income Canadians, an […]
Microsoft Corp on Tuesday launched a tool to help cybersecurity professionals identify breaches, threat signals and better analyze data, using OpenAI’s latest GPT-4 generative artificial intelligence model. The tool, named ‘Security Copilot’, is a simple prompt box that will help security analysts with tasks like summarizing incidents, analyzing vulnerabilities and sharing information with co-workers on […]
Activity at Binance was a pretty clear case of evasion and U.S. authorities needed to step in aggressively and as quickly as possible, the chairman of the Commodity Futures Trading Commission said on Tuesday. The U.S. agency sued Binance, the world’s largest crypto exchange, on Monday. “This seemed to be a pretty clear case of […]
Microsoft Corp has offered to change its cloud computing practices to settle antitrust complaints filed by smaller rivals, a person with direct knowledge of the matter said on Tuesday, a move that will stave off an EU investigation. French cloud computing services provider OVHcloud, Italian cloud service provider Aruba and a Danish association of cloud […]
U.S. tech giant Microsoft Corp is close to a settlement with a trio of cloud providers to suspend their antitrust complaints to the European Commission, Bloomberg news reported on Tuesday, citing people familiar with the matter. French cloud computing services OVHcloud, Italy’s Aruba SpA and the Danish Cloud Community are the parties involved in the […]