The rise of Non-Fungible Tokens (NFTs) has generated much excitement in digital assets. Still, it has also raised concerns about their potential for misuse in illicit activities such as money laundering. In response to these concerns, governments worldwide have begun to examine the regulations of NFTs, seeking to balance the benefits of these tokens with […]
Europe
The European Commission proposed a plan on Wednesday to try to ensure Europe can compete with the United States as a manufacturing hub for electric vehicles and other green products and reduce its dependence on China. Commission President Ursula von der Leyen announced a loosening of EU state aid rules, a repurposing of existing EU […]
Tata group is considering setting up plants in India and Europe to produce battery cells for electric vehicles (EV), the chief financial officer of its auto unit told Reuters in an interview. With total sales of 50,000 electric cars to date, India’s Tata Motors dominates the country’s EV market and has outlined plans to launch […]
European shares rose in the first trading session of 2023 on Monday as euro zone manufacturing data suggested the worst had passed after a year marred by fears of a recession as central banks hiked rates globally. The pan-regional STOXX 600 rose 1.0%, supported by consumer discretionary stocks. The automobile and parts sector gained 3.2% […]
U.S. and European startups are racing to develop new batteries using two abundant, cheap materials — sodium and sulfur — that could reduce China’s battery dominance, ease looming supply bottlenecks and lead to mass-market electric vehicles (EVs). Today’s EVs run on lithium ion batteries — mostly made with lithium, cobalt, manganese and high-grade nickel, whose […]
Europe on Wednesday unveiled the first of a 4 billion euro ($4 billion) family of satellites designed to give earlier warning of extreme weather that has been causing havoc across the globe this year. The result of 12 years of development for the European Space Agency and 30-nation EUMETSAT, the MTG-I1 satellite will be launched […]
The European Union’s securities watchdog has begun preparations for increased scrutiny of crypto transactions after the bloc agreed groundbreaking rules to regulate what it called a “Wild West” sector, a public tender document showed. While cryptoasset firms will be licensed by national regulators in the 27-country bloc, the European Securities and Markets Authority (ESMA) will […]
The European Commission is considering creating a new directorate that may be headed by two top antitrust officials to enforce tough new rules aimed at reining in the powers of Big Tech, two people familiar with the matter said. Such a move could ease concerns that the EU competition watchdog may struggle to get technology […]
The partnership enables the companies to rapidly serve customer demand across multiple geographies with a single seamless experience. Dubai, UAE, 2nd March 2022 – neutrality.one, a cloud networking company delivering software-defined infrastructure, has partnered with Neterra, a global connectivity and telecom solution provider, and Arc Solutions, a provider of integrated networking solutions, to provide seamless connectivity services across the […]
U.S. stocks ended sharply higher on Thursday, led by a three percent gain in the Nasdaq, in a dramatic market reversal as U.S. President Joe Biden unveiled harsh new sanctions against Russia after Moscow began an all-out invasion of Ukraine. The S&P 500 rose more than one percent, ending a four-day slide amid worries over […]