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Does Switzerland need a huge global bank?: A debate is raging on the pros and cons of a giant global bank based in Switzerland.
swissinfo.ch/eng/banking-fintech/does-switzerland-need-a-huge-global-bank/73859521
UBS boss Ermotti earns almost 15 million euros in nine months: His predecessor Ralph Hamers, who had to resign shortly after the emergency takeover of the ...
diepresse.com/18316841/ubs-chef-ermotti-verdient-in-neun-monaten-fast-15-millionen-euro
Swiss bank UBS targets US deals, says chairman: Swiss banking giant UBS will look for merger and acquisitions opportunities in the United States in the next few ...
reuters.com/markets/deals/swiss-bank-ubs-targets-us-deals-says-chairman-2024-03-17/
Quick Glance: UBS plans mergers and acquisitions to expand US operations
- The Swiss bank UBS aims to expand its wealth management business in the US through potential M&A.
- Kelleher opposes higher capital requirements for UBS, citing negative impacts on shareholders and customers.
- The merger with Credit Suisse brought former CEO Sergio Ermotti back for a second term.
- Kelleher prefers a successor for Ermotti to come from within UBS.
A year on from Credit Suisse's rescue, banks remain vulnerable
reuters.com/markets/europe/year-credit-suisses-rescue-banks-remain-vulnerable-2024-03-15/
European banks' bumpy recovery a year after Credit Suisse collapse: A year ago Credit Suisse was teetering on the brink of collapse, a scare that sent European ...
reuters.com/business/european-banks-bumpy-recovery-year-after-credit-suisse-collapse-2024-03-13/
The 2025 BMW M2 CS Testing in Sweden’s Winter Wonderland: Discover the 2025 BMW M2 CS: a winter-tested beast with a ducktail spoiler & 522hp ...
bmwblog.com/2024/03/12/bmw-m2-cs-rwd-winter-testing/
UBS chiefs reject Swiss concerns over size of bank after Credit Suisse rescue: Facing domestic political scrutiny, Kelleher and Ermotti say rival failed due to ...
ft.com/content/bdd64789-d2bd-4b95-b424-5cb26088c89e
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From Credit Suisse to Signa - where the Saudi sovereign wealth fund is involved: It is quite possible that we will hear a lot more about the Saudi sovereign ...
nzz.ch/wirtschaft/von-credit-suisse-bis-signa-was-hinter-den-vielen-engagements-des-saudischen-staatsfonds-steckt-ld.1821193
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Netherlands Floats Ending AT1s After Credit Suisse Upheaval: The Dutch government has floated the idea of abolishing a risky type of bank bonds after the asset ...
bloomberg.com/news/articles/2024-03-20/dutch-ministry-studies-at1-abolition-after-credit-suisse-shock
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The lessons from Europe’s banking drama: One year on, the message from the market attack on Deutsche Bank is that nonsense on the internet matters
ft.com/content/a96d90d5-5710-4c73-bcb0-2e9c1d3e1dd4
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79' Double substitution at GC: Batista Meier and Ndenge out. Meyer and Babunski in.
_____Credit Suisse Super League, 28th roundGrasshopper Club Zurich - FC ...
Credit Suisse: The unnecessary downfall (2/2) - Podcast: NZZ Accent: UBS President Colm Kelleher announced in March 2023 that UBS would take over CS ...
nzz.ch/podcast/credit-suisse-der-unnoetige-untergang-2-podcast-nzz-akzent-ld.1822360
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News from the financial center: The children of Metzler boss Gerhard Wiesheu are making careers in Japan
faz.net/aktuell/finanzen/neues-vom-finanzplatz-die-kinder-von-metzler-chef-gerhard-wiesheu-machen-in-japan-karriere-19589543.html
Suspicion of fraud at Bank Now: CS subsidiary closes branches: Because they are said to have manipulated loan applications for customers, several Bank Now ...
nzz.ch/wirtschaft/betrugsverdacht-bei-der-bank-now-die-credit-suisse-tochter-schliesst-filialen-ld.1821844
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Commerzbank: A “huge opportunity”: Commerzbank aims for growth in the Swiss corporate customer market, focusing on trade financing.
deraktionaer.de/artikel/aktien/commerzbank-eine-riesengelegenheit-20352643.html
European Union pushes ahead with a plan to buy weapons for Ukraine with frozen Russian asset profits
apnews.com/article/russia-eu-frozen-assets-ukraine-windfall-profits-59ee5d2d7d3a99b383b16796097c7ed9
Quick Glance: Europe Considers Using Profits from Russian Assets to Arm Ukraine
- Following the freezing of over $300 billion in assets, European leaders may propose utilizing profits from immobilized assets to aid Ukraine.
- A proposal could offer about $3 billion annually for weapons to support Ukraine in battle as U.S. funding stalls and Ukraine faces desperation.
- Despite the potential aid for Ukraine, the proposal is viewed by some as not extraordinary but also not negligible.
- The debate on using frozen assets gains momentum as the EU grapples with how to address Russia's threat to global stability.
CRRC Pulls Out of €610 Million Bulgarian Train Tender After EU Probe: A Chinese company abandoned a €610 million ($660 million) Bulgarian railway tender after a ...
bloomberg.com/news/articles/2024-03-26/china-company-pulls-out-of-bulgarian-train-tender-after-eu-probe
EU Is Losing Its Economic Competitiveness, German Executives Say: A majority of German executives think the European Union has lost attractiveness as a place for ...
bloomberg.com/news/articles/2024-03-20/eu-is-losing-its-economic-competitiveness-german-executives-say
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Quick Glance: Concern Among German Leaders Regarding EU's Decreasing Economic Competitiveness
- A recent survey by the DIHK industry lobby indicates that the majority of German executives believe the European Union has experienced a decline in attractiveness as a business location.
- Among the 3,000 German companies surveyed, 56% expressed that the EU's competitiveness as a business site has waned over the past five years, with only 7% perceiving an improvement.
- Manufacturing firms hold a notably pessimistic outlook, with two-thirds noting deteriorating business conditions in recent years, primarily attributing it to escalating costs linked to high energy prices. Excessive bureaucracy and trade barriers further contribute to their negative assessment.
- Deputy German Economy Minister Franziska Brantner emphasized the need to streamline bureaucracy and enhance efficiency to boost Europe's competitiveness during an event in Berlin.
The EU supply chain law is coming - but with many limitations: After difficult negotiations, EU countries have agreed on a supply chain law that will require ...
riffreporter.de/de/umwelt/eu-lieferkettengesetz-csddd-ist-beschlossen-was-bedeutet-das-konkret
France's Macron says proposed EU-Mercosur agreement is 'very bad deal': French President Emmanuel Macron said on Wednesday during his visit to Brazil that a ...
reut.rs/4adkAVq
LIVE: Farmers protest with tractors in Brussels as EU agriculture ministers meet: Reuters Live on X (Twitter)
twitter.com/i/broadcasts/1yNGaZqoPpgJj
Quick Glance: Farmers Rally for Food Security
- Farmers protest against food imports and labeling.
- Protests highlight the growing challenges faced by British farming.
- Criticism of trade deals and inadequate food security monitoring.
- Call for European regulation alignment to support British farmers.
Should the EU continue to support Ukraine? Our poll finds Europeans are in favour
euronews.com/my-europe/2024/03/28/should-the-eu-continue-to-support-ukraine-our-poll-finds-europeans-are-in-favour
Quick Glance: Fatal Russian Assaults on Ukraine and Appeal for Arms
- Russia targets areas in eastern and southern Ukraine in response to deadly bombings in the Russian border regions.
- At least three individuals lost their lives in the Russian assaults in northeastern and southern Ukraine, prompting Kyiv to request additional Patriot air defense systems.
- President Volodymyr Zelenskyy urged Ukraine's allies to hasten the delivery of warplanes and Patriot air defense systems in light of the increased missile attacks.
Ukraine Agriculture Minister: EU Grain Debate as More About Politics Than Trade: A push by several European Union member states to limit the import of grain from ...
bloomberg.com/news/articles/2024-03-25/ukraine-agriculture-minister-eu-grain-debate-as-more-about-politics-than-trade
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Holidaymakers going to EU caught out by 10-year-passport rule: UK passports can have up to 10 years and nine months on them but EU countries won't accept them.
bbc.com/news/business-68658209
Europe now has its own Hyperloop: 400 meters, that's how long the test track in the Netherlands is; including a curve. Speeds of up to 100 km/h should be ...
diepresse.com/18318304/europa-hat-jetzt-seinen-eigenen-hyperloop
Poland investigating Russian espionage, security agency says: Poland's Internal Security Agency (ABW) has carried out searches as part of an investigation with ...
reuters.com/world/europe/poland-investigating-russian-espionage-security-agency-says-2024-03-28/
Slovakia, the EU’s next rule of law headache: Prime Minister Robert Fico’s first steps since returning to power have set off familiar alarm bells in Brussels.
politico.eu/article/slovakia-eu-rule-of-law-prime-minister-robert-fico/
Major EU climate protection plan shelved following farmer protests: A major European Union plan to fight climate change and better protect nature in the ...
business-standard.com/world-news/major-eu-climate-protection-plan-shelved-following-farmer-protests-124032500398_1.html
Russian businesses get shut out from Microsoft cloud services at the end of this month – new EU sanctions come into effect
tomshardware.com/software/russian-businesses-get-shut-out-from-microsoft-cloud-services-at-the-end-of-this-month-new-eu-sanctions-come-into-effect
EU Finds Compromise to Extend Tariff-Free Trade for Ukraine: European Union member states struck a hard-fought compromise Wednesday to extend tariff-free trade ...
bloomberg.com/news/articles/2024-03-27/eu-finds-compromise-to-extend-tarrif-free-trade-for-ukraine
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Rheinmetall to receive €130 million from EU to expand ammunition production: Rheinmetall aims to produce up to 1.1 million artillery shells a year by 2027
pravda.com.ua/eng/news/2024/03/26/7448294/
EU opens investigations into Apple, Meta and Google: If they are found to have broken the rules, the firms could be fined up to 10% of their annual turnover.
bbc.com/news/technology-68655093
Large-scale influence operation: How deep is the AfD in the Russia swamp?: Several hundred thousand euros are said to have flowed from Russia to politicians in ...
spiegel.de/politik/deutschland/afd-spendenaffaere-neue-enthuellungen-ueber-geldfluesse-aus-russland-a-0633977a-c07f-484b-b6f7-b826b52ed8ad
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Poland says breakthrough on Ukrainian grain unlikely in Warsaw talks: The Polish and Ukrainian governments meet in Warsaw on Thursday for talks to defuse a row ...
reuters.com/world/europe/poland-says-breakthrough-ukrainian-grain-unlikely-warsaw-talks-2024-03-28/
Czechs Bust Major Russian Propaganda Network: Czech intelligence has busted a Moscow-financed network that spread Russian propaganda and wielded influence across ...
themoscowtimes.com/2024/03/27/czechs-bust-major-russian-propaganda-network-a84656
UBS still reviewing risk of misstatement in Credit Suisse's books: UBS said it is still reviewing potential misstatements in Credit Suisse's financial reports ...
reuters.com/business/finance/ubs-still-reviewing-risk-misstatement-credit-suisses-books-2024-03-28/
Amazon loses court fight to suspend EU tech rules' ad clause: Amazon on Wednesday lost its fight to suspend a requirement regarding its online advertising under ...
reuters.com/technology/eus-top-court-rejects-amazons-request-suspend-eu-tech-rules-ad-clause-2024-03-27/
EU Agrees to Start Talks With Bosnia in Latest Enlargement Push: European Union leaders agreed to open membership talks with Bosnia-Herzegovina as the bloc seeks ...
bloomberg.com/news/articles/2024-03-21/eu-agrees-to-start-talks-with-bosnia-in-latest-enlargement-push
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UBS sells $8 billion of Credit Suisse assets to Apollo: UBS has sealed the sale of Credit Suisse's securitised products business to Apollo Global Management as ...
reuters.com/markets/deals/ubs-sells-8-bln-credit-suisse-assets-apollo-2024-03-27/
EU to Putin: Don't use Moscow attack to intensify war on Ukraine: Brussels has warned Russian President Vladimir Putin not to use the Moscow terror attack ...
euronews.com/my-europe/2024/03/25/eu-to-russia-dont-use-moscow-attack-as-pretext-to-intensify-war-on-ukraine
CORRECTIV participates in the largest fact-checking database for the European elections
correctiv.org/in-eigener-sache/2024/03/21/correctiv-beteiligt-sich-an-groesster-faktencheck-datenbank-zur-europawahl/
Google says will defend its DMA compliance in coming months: Google will continue to defend the way it complies with the Digital Markets Act in the coming months ...
reut.rs/3Vxwzsx
Ireland to sign up to EU migration pact, overhaul accommodation system: Ireland agreed on Wednesday to sign up to new EU rules designed to share out the cost and ...
reuters.com/world/europe/ireland-sign-up-eu-migration-pact-overhaul-accommodation-system-2024-03-27/
EU to investigate Apple, Google, Meta for potential Digital Markets Act breaches: EU antitrust regulators on Monday opened their first investigations under the ...
reut.rs/3TRzYkw
Poland Farmer Protests: Polish Farmers Block Key Highway Near German Border: Polish farmers started blocking a key highway near the German border to protest ...
bloomberg.com/news/articles/2024-03-17/polish-farmers-block-key-highway-near-german-border
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Scandi happy people laughing: Northern Europeans are the most joyful folk in the world
politico.eu/article/world-happiness-report-northern-europe-finland-denmark-iceland-sweden/
Belgian farmers block EU district as ministers meet: Belgian farmers protest outside a meeting of EU agriculture ministers hoping to calm anger about foreign ...
reuters.com/pictures/belgian-farmers-block-eu-district-ministers-meet-2024-03-26/
Why is the EU probing Big Tech under the Digital Markets Act?: The European Union on Monday launched investigations into Alphabet, Apple and Meta for potentially ...
reuters.com/technology/why-is-eu-probing-big-tech-under-digital-markets-act-2024-03-25/
Investigation: Belarusian timber enters Poland under false documents, bypassing EU sanctions
kyivindependent.com/investigation-belarusian-timber-imported-into-poland-despite-sanctions/
In France, the Future Is Arriving on a Barge: The Seine is becoming a test case for a European plan to cut carbon emissions by turning rivers into the new ...
nytimes.com/2024/03/26/business/in-france-the-future-is-arriving-on-a-barge.html
Polish central bank chief seeks truce with PM Tusk over potential tribunal case, FT reports
reuters.com/world/europe/polish-central-bank-chief-seeks-truce-with-pm-tusk-over-potential-tribunal-case-2024-03-25/
Quick Glance: Polish Central Bank Governor Seeks Truce with PM Tusk Over Tribunal Case
- Polish central bank governor Adam Glapinski is reportedly set to write a letter to Prime Minister Donald Tusk to end their dispute over a potential tribunal case.
- Tusk's government accuses Glapinski of violating constitutional rules with a bond-buying program and misleading the finance ministry.
- A parliamentary commission will investigate the motion before it goes to a full chamber vote. If found guilty by a state tribunal, Glapinski could lose his job and potentially be banned from office.
- Glapinski's deputy stated he will not resign, while Glapinski plans to send a letter to Tusk to initiate a dialogue and address misunderstandings between them.
EU defence a priority even for eurosceptics: exclusive poll: Nearly half of Europeans agree Brussels should sharpen its military strategy ...
euronews.com/my-europe/2024/03/27/eu-defence-a-priority-even-for-eurosceptics-exclusive-poll
EU, Philippines Announce Restart of Free Trade Talks Seven Years After Halt: The EU and the Philippines announced the resumption of their free trade negotiations ...
bloomberg.com/news/articles/2024-03-19/eu-philippines-announce-restart-of-free-trade-talks
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Orbán breaks EU ranks and congratulates Putin on 'his re-election': Viktor Orbán has congratulated Vladimir Putin on "his re-election" in a ...
euronews.com/my-europe/2024/03/21/orban-breaks-ranks-with-the-eu-and-congratulates-putin-on-his-re-election
UBS's Ermotti open to staying on to oversee Credit Suisse integration: UBS Chief Executive Officer Sergio Ermotti is open to extending his time at the helm of ...
reuters.com/business/finance/ubss-ermotti-open-staying-oversee-credit-suisse-integration-2024-03-28/
Quick Glance: UBS Chief Salary: Ermotti Receives 14.4 Million Swiss Francs
- Sergio Ermotti earned 14.4 million Swiss Francs as UBS Chief in nine months, with a base salary of 2.1 million and a variable part of 12.3 million.
- The entire UBS board received a total of 140.3 million Swiss Francs in 2023, compared to 106.9 million Swiss Francs the previous year.
- UBS adjusted its net profit to 27.8 billion US dollars, due to a slightly lower negative goodwill after acquiring Credit Suisse.
- UBS's CET1 capital ratio was 14.4 percent at the end of 2023, compared to 14.5 percent in early February.
Maersk will avoid Red Sea despite EU security operation: Shipping company Maersk said on Friday it was too early to resume sailings through the Red Sea due to a ...
reut.rs/3TxrM7M
Credit Suisse Fund Lost 22% for Investors Amid Real Estate Shock: Credit Suisse’s flagship real estate fund incurred deep losses for its investors last year as ...
bloomberg.com/news/articles/2024-03-20/credit-suisse-s-ailing-property-fund-returned-22-in-2023
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Earthquakes: The European project preparing for emergencies: Experts at the Institute of Seismology in Thessaloniki, Greece, monitor tremors in real-time for ...
euronews.com/my-europe/2024/03/18/redact-the-european-project-coordinating-rapid-earthquake-response-in-the-black-sea
Brussels proposes high EU tariffs on Russian grain: The European Commission has proposed a drastic increase in tariffs on Russian grain entering the EU's single ...
de.euronews.com/my-europe/2024/03/22/brussel-schlagt-hohe-eu-zolle-auf-russisches-getreide-vor-marktturbulenzen-befurchtet
There are reasons to increase tariffs on Russian imports of grains and oil products – EC President
pravda.com.ua/eng/news/2024/03/22/7447599/
Alde picks Germany's Strack-Zimmermann as lead candidate for EU vote | DPA: Alde, the liberal grouping in the EU parliament, chose Germany's Marie-Agnes ...
nordot.app/1143265471068913994
Greece approves purchase of seven firefighting planes from Canada: Greece on Thursday approved the purchase of seven firefighting aircraft from Canada to bolster ...
reuters.com/world/europe/greece-approves-purchase-seven-firefighting-planes-canada-2024-03-21/
Germany, France Lead Call for EIB to Step Up Defense Financing - Bloomberg: Germany and France joined 12 other European Union countries in calling for the ...
bloomberg.com/news/articles/2024-03-17/germany-france-lead-call-for-eib-to-step-up-defense-financing
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UBS Cuts Bonus 2023 Pool by 14% After Credit Suisse Deal, Trading Slowdown: UBS Group AG cut its bonus pool for last year by 14% after a tougher year for ...
bloomberg.com/news/articles/2024-03-28/ubs-cuts-bonus-2023-pool-by-14-after-deal-trading-slowdown
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🔊 On @Breakingviews: Credit Suisse and a string of US regional banks failed last year. Stanford Professor Anat Admati tells Liam Proud that lenders’ equity ...
reut.rs/49ekNqd
‘Too Big to Fail’ risk acceptable at largest Swiss cantonal bank: Largest Swiss cantonal bank meets orderly liquidation standards.
swissinfo.ch/eng/banking-fintech/too-big-to-fail-risk-acceptable-at-largest-swiss-cantonal-bank/74348925
US pushes Israel, Ukraine weapons and Senegal’s election: The US puts pressure on Israel with a draft resolution at the UN.
reuters.com/podcasts/us-pushes-israel-ukraine-weapons-senegals-election-2024-03-22/
European Commission increases tariffs on grain imports from Russia and Belarus: The European Commission has presented an official proposal to increase tariffs on ...
pravda.com.ua/eng/news/2024/03/22/7447672/
Finland gets EU funding to save the Arctic fox: In the early 2000s, there were only around 40-60 Arctic foxes in Finland, Sweden and Norway ...
yle.fi/a/74-20080273
EU ministers agree new Russia sanctions over Navalny death: European Union foreign ministers have agreed new sanctions on Russia in response to the death of ...
nordot.app/1142476749974143830
European leaders call for nuclear industry revival: Leaders from pro-nuclear European countries and energy experts called for a nuclear energy revival on ...
reuters.com/business/energy/european-leaders-call-nuclear-industry-revival-2024-03-21/
Right-wing extremist expelled from Switzerland: Sellner must remigrate: The Austrian Identitarian Martin Sellner is taken away during a lecture in a Swiss inn ...
taz.de/!5996277/
Quick Glance: Entry Ban for Martin Sellner in Germany
- The city of Potsdam has initiated an entry ban against far-right extremist Martin Sellner.
- The ban is due to reasons of public order and security and will last for three years.
- Sellner plans to legally challenge the entry ban as he is considered a key figure in the far-right Identitarian movement.
- Revelations about meetings with extremists sparked protests against the far-right and the AfD in Germany.
French competition watchdog hits Google with 250 mln euro fine: France's competition watchdog on Wednesday said it fined Google 250 million euros ($271 ...
reut.rs/495sEX3
Quick Glance: Google Fined €250 Million by French Authorities for Media Payment Deal Breach
- French authorities fined Google €250 million for breaking a deal regarding payment to media businesses for online reproduction of their material.
- Google was accused by the French competition authority of violating four out of seven agreements included in the settlement, including lack of transparency and failure to negotiate in good faith with publishers.
- The competition authority stated that Google's AI-powered chatbot Bard, later renamed Gemini, used material from publishers and news agencies without permission.
- Google stated that it has signed licensing agreements with 280 French news publishers and pledged to collaborate with them, while disputing the proportionality of the French competition authority's fine.
EU states impose sanctions over Navalny's death: The death of Alexei Navalny caused horror around the world. One day after the presidential election in Russia ...
focus.de/politik/ausland/eu-staaten-verhaengen-sanktionen-wegen-tod-von-nawalny_id_259773550.html
Quick Glance: EU Imposes Sanctions Following Nawalny's Death
- The EU enforces sanctions against Russia in response to Nawalny's death during the presidential election.
- The EU blames Putin and Russian authorities for Nawalny's death, calling for consequences. Nawalny's widow believes he was murdered in the camp.
- EU foreign ministers plan to issue a statement on Putin's controversial election victory and impose sanctions on double-digit justice representatives.
- Existing economic sanctions against Russia due to the Ukraine conflict, as well as new sanctions on the second anniversary of the conflict, are already in place.
UBS looks to keep, grow shipping loans in post-merger green overhaul: UBS will look to increase lending to the shipping sector and run off some loans to fossil ...
reut.rs/3IVtDOR
Emergency in the Gaza Strip: EU states call for an immediate ceasefire: The EU is increasing the pressure on Israel. In view of the dramatic situation of the ...
spiegel.de/ausland/charles-michel-eu-staaten-fordern-sofortige-feuerpause-im-gazakrieg-a-0c75cbde-8b69-468a-8b2e-c3a3bae98964
Reactions to the "election" in Russia: criticism from the EU, congratulations from the autocrats
spiegel.de/ausland/russland-europa-kritisiert-wahl-ohne-wahl-china-gratuliert-putin-a-882171e6-41c2-4e89-9e3d-4cbb2d5d755d
Quick Glance: Putin revels in electoral victory amidst quiet protests
- Putin secures fifth term easily after suppressing opposition.
- Voters had virtually no choice in the election.
- Critics view the results as predetermined, Putin sees them as trust.
- Protests by the opposition, both in Russia and globally, are downplayed by Putin.
Ukraine Readies Reform Plan to Unlock €50 Billion of EU Aid: Ukraine plans to submit a proposal as early as next week to enact a series of reforms and ...
bloomberg.com/news/articles/2024-03-12/ukraine-readies-reform-plan-to-unlock-50-billion-of-eu-aid
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War in Gaza: Four EU countries want to recognize Palestinian state: At the summit in Brussels, the EU is calling more sharply than ever for a ceasefire in Gaza - ...
spiegel.de/politik/israel-gaza-krieg-vier-eu-laender-wollen-palaestinensischen-staat-anerkennen-a-e55ecbaa-5601-4415-9f90-926b0331a225
EU Mulls Restrictions on Imports of Russian Agriculture Products: The European Union executive is preparing a proposal to restrict the import of agricultural ...
bloomberg.com/news/articles/2024-03-15/eu-mulls-restrictions-on-imports-of-russian-agriculture-products
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What will the EU’s proposed act to regulate AI mean for consumers?: How does the bill define AI, how will it protect consumers from abuse, and what do the big ...
theguardian.com/technology/2024/mar/14/what-will-eu-proposed-regulation-ai-mean-consumers
Quick Glance: EU AI Act Approved by European Parliament
- The European Parliament overwhelmingly voted in favor of the AI Act, positioning the EU as a global leader in regulating AI software.
- The legislation establishes a risk-based framework for AI, applying rules and requirements based on the level of risk associated with the use case.
- Penalties for non-compliance under the Act can reach up to 7% of global annual turnover or €35M.
- The AI Act, shaped through extensive negotiations, is expected to be fully implemented by mid-2027.
Russia doubles down on Ukraine war while EU leaders are divided on how to finance weapons
politico.eu/article/russia-doubles-down-ukraine-war-while-eu-leaders-divided-how-finance-weapons/
Charles Michel: "Every civilian life counts": The President of the European Council tells The Global Conversation that Europe must do more to support Ukraine.
de.euronews.com/2024/03/22/charles-michel-jedes-zivile-leben-zahlt
Germany promises more artillery ammunition for Ukraine: Berlin is promising “an aid package worth almost half a billion euros.”
politico.eu/article/germany-promises-more-artillery-ammunition-for-ukraine/
EU will have to seize Russian assets eventually if it wants a Ukraine win, ECB official says
politico.eu/article/eu-seize-russian-assets-ukraine-win-martins-kazaks/
Quick Glance: Necessity of Confiscating Russian Assets to Support Ukraine Stressed by ECB Official
- Europe's Rightward Shift: Steve Bannon Eyes Comeback After Landmark Victory in Italy.
- Victorious Former EU Parliament Staffer Views Court Verdict as Blow to Politically Motivated Prosecutions of Trump Allies.
- Swiss National Bank President Thomas Jordan to Step Down in September.
- Italian Banks Brace for Uncertain Future After Successful Year, Signaling Issues in Europe's Financial Sector.
Western banks warn of risks in EU plan to grab Russian assets, sources say: Some western banks have begun lobbying against EU proposals to redistribute billions ...
reut.rs/43sQKK4
Estonian PM Kallas backs new EU defence industry commissioner post: Estonian Prime Minister Kaja Kallas has backed the idea of a European Commissioner dedicated ...
reuters.com/world/europe/estonian-pm-kallas-backs-new-eu-defence-industry-commissioner-post-2024-03-21/
Car boss de Meo calls for joint European approach to counter Chinese EVs: Renault CEO and president of the Association of European Automobile Manufacturers ...
reuters.com/business/autos-transportation/car-boss-de-meo-calls-joint-european-approach-counter-chinese-evs-2024-03-19/
Viewsroom: Bank crises proved a mixed blessing for rivals on Apple Podcasts: Show Viewsroom, Ep Bank crises proved a mixed blessing for rivals - 21 Mar 2024
reut.rs/4arf15H
Punitive action for human rights violations: EU imposes sanctions against Russia over Navalny's death
spiegel.de/ausland/alexej-nawalny-eu-verhaengt-wegen-sanktionen-gegen-russland-a-1fd3970e-3808-4460-b04e-1c9ec32fc938
EU agrees on sanctions on Hamas, violent West Bank settlers: European Union foreign ministers agreed in principle on Monday to impose sanctions on Israeli ...
reuters.com/world/europe/eu-agrees-sanctions-hamas-violent-west-bank-settlers-2024-03-18/
EU Drafts Law to Send Profits From Frozen Russian Sovereign Assets to Ukraine: The European Union has prepared legislation that would see Ukraine start to ...
bloomberg.com/news/articles/2024-03-18/eu-drafts-law-to-send-russian-central-bank-profits-to-ukraine
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