Italy’s data protection agency set out a list of demands on Wednesday which it said OpenAI must meet by April 30 to address the agency’s concerns over the ChatGPT chatbot and allow the artificial intelligence service to resume in the country. Almost two weeks ago Microsoft Corp-backed OpenAI took ChatGPT offline in Italy after the […]
Europe
French officials were in damage control mode on Tuesday as they tried to contain anger, division and confusion sparked by President Emmanuel Macron’s comments on Europe’s dependence on the United States and its relations with China and Taiwan. Macron’s comments came in an interview on a trip to China that was meant to showcase European […]
Complaints from consumers about banks and other financial firms in Germany rose by a fifth last year, official data shows, as regulators flex their muscles to shore up trust in the sector. BaFin, Germany’s financial watchdog, has been increasing its focus on consumer protection in the wake of the collapse of Wirecard, the blue-chip payment […]
The European tech startups have found themselves at a standstill amid the worst banking crisis since 2008. The banking sector is in its worst shape since the 2008 financial crisis. It is causing irreparable damage to every sector. And even though the main failure is on a different continent, the European tech startups are caught […]
Britain will set out plans on Thursday to boost its energy security and independence through investment in moving towards cleaner, more affordable energy sources. Wholesale gas and electricity prices in Europe surged after Russia’s invasion of Ukraine last year and the British government has been subsidising household and business energy bills since October. “Transforming our […]
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 […]
As U.S. banking contagion worries ebb, some investors are hunting for shares of fundamentally strong regional lenders that were swept up in this month’s epic sell-off. Investors sent a record net $236.2 million into the iShares Regional Bank ETF over the last two weeks, after Silicon Valley Bank’s collapse earlier this month fueled concern about […]
Europe’s banks face less threat from some of the problems now showing in the commercial real estate markets than their U.S. counterparts, analysts at JPMorgan have said. Economists are worried commercial property could be the next shoe to drop if problems in global banking markets trigger a broader credit crunch for the multi-trillion-dollar sector that […]
The European Union plans to conduct early carbon market auctions, starting from July, to raise extra funds to help countries quit Russian gas and cut emissions, the European Commission said on Monday evening. The EU plans to raise 20 billion euros ($21.62 billion) in grants from its carbon market, with 8 billion euros of that […]
The European Union on Tuesday reached a provisional deal on the deployment of more service stations for cars running on electricity and alternative fuels as the bloc seeks to reduce the carbon footprint of its transport sector. “The agreement will send a clear signal to citizens and other stakeholders that user-friendly recharging infrastructure and refuelling […]