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The Latest Breaking News from European Union

Affordable EVs May Not Be Profitable: 'Just Not Realistic'

Analysts think economic headwinds are too harsh for future affordable EVs to drive any profits.

InsideEVs

Italian beach establishments close umbrellas briefly to protest long-delayed liberalization plans

Italian beach establishments mounted a symbolic two-hour strike early Friday aimed at pressuring the government not to enact a decades-old EU directive to liberalize the sector, long a symbol of Italy’s failure to reform the economy

The Independent UK

X Halts Using Personal Data Of Europeans To Train AI

Social platform X said Friday it would work European regulators after agreeing to suspended its heavily criticised use of European users' personal data to train its artificial intelligence chatbot Grok.

International Business Times

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Protesters in Bulgaria slam bill to ban LGBTQ+ 'propaganda' in schools

Protesters rallied outside Bulgaria’s parliament on Thursday to denounce a controversial legal amendment adopted the day before that bans talk of LGBTQ+ and so-called "non-traditional sexual choices" in schools.

Radio France Internationale

Wall Street banker bonuses forecast to rise 35% this year

Surge caused by rebound in market activity very likely to influence payouts for European outposts of banks

The Guardian - UK

Is it time to add a Chief AI Officer to your board?

City Voices: Boardrooms must have the skills to grapple with significant regulatory developments in the field of AI

Evening Standard

Barclays becomes first UK bank to lift EU cap on bankers’ bonuses

In a memo sent to staff Barclays confirmed it was dropping the bonus cap, which will allow employess to earn up to 10 times their salary

The Independent UK

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Barclays seizes on post-Brexit rules to give bumper bonuses to top bankers

BARCLAYS has become the latest financial giant to allow top bankers the chance to earn eye-watering bonuses as part of a post-Brexit bonanza for fat…

The National (Scotland)

Coca-Cola is going reverse Yankee by selling €1 billion of Euro debt to cover a potential tax charge

The beverage company has been in a long-drawn dispute with tax authorities in the U.S. over a $16 billion charge that it could possibly owe.

Fortune

E.U. Regulations Made the CrowdStrike Fiasco Much Worse

The Brussels Effect makes meddlesome European regulations a global problem.

Reason

"A 15% junk fee" — Spotify and Epic slam Apple's latest EU App Store changes

Epic and Spotify aren't happy with Apple's new external linking rules in compliance with the DMA.

iMore

‘Everything is legitimate’: Israeli leaders defend soldiers accused of rape

Israeli society is divided over arrest of 10 soldiers for brutal gang rape of a Palestinian prisoner caught on video.

Al Jazeera

China Launches Appeal At WTO Over EU Electric Vehicle Tariffs

Beijing said Friday it had filed an appeal with the World Trade Organization over the European Union's imposition of additional tariffs on imports of electric vehicles from China.

International Business Times

The other K-pop: Dua Lipa, Rita Ora and the Kosovan chart takeover

After wartime trauma, Europe’s youngest country has developed an outsize musical clout that packed this year’s Sunny Hill festival in Pristina. What fuels its pop success?

The Guardian - UK

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Radio France Internationale

French imports of Russian LNG surge, but Ukraine supporters seek a stop

Shipments of Russian liquified natural gas (LNG) to France more than doubled the first half of this year, fresh analyses of trade data shows. It comes as Europe seeks to pull back from energy purchases that help finance the Kremlin's invasion of Ukraine.

The Independent UK

Voices: Independent readers say ‘X is the disinformation company’ – and call for Elon Musk boycott

There was a widespread frustration with social media among our community, with readers accusing Facebook, Twitter/X, TikTok and Instagram of amplifying disinformation and prioritising profit over social responsibility

The Independent UK

Residents of Serbia's lithium-rich region vow to block EU-backed mining

Residents of a tiny village in western Serbia don’t care if their government has agreed with the European Union to open a lithium mine in their sprawling valley: They say it is never going to happen

TechRadar

Google and Meta reportedly skirting their own rules to ad target young teens, shows why tech giants cannot regulate themselves

Google and Meta reportedly teamed up to create ads targeting young teens, which proves why tech giants can't be trusted to regulate themselves.

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International Business Times

Apple Makes Changes To App Store After EU Warning

Apple on Thursday announced changes to its App Store after the European Union accused the iPhone maker of breaking the bloc's landmark new digital rules.

The Guardian - UK

Barclays becomes first UK bank to lift cap on bonuses

Memo to staff reveals dropping of restriction, allowing payouts worth up to 10 times bankers’ salaries

TAG Heuer revives the Seafarer with its third Hodinkee watch collaboration

TAG Heuer and Hodinkee’s third watch collaboration is a blast from the past

Motor1

Ford Sales Are Tanking in Europe. And It's Clear Why

People still want cars. Too bad Ford is killing nearly all of them.

Radio France Internationale

'Too hot to handle': 2024 likely to be warmest year on record

It is "increasingly likely" that 2024 will be the hottest year on record despite July ending a 13-month streak of monthly temperature records, the EU's climate monitor said Thursday.

International Business Times

2024 'Increasingly Likely' To Be Warmest On Record: EU Monitor

It is "increasingly likely" 2024 will be the hottest year on record, despite July ending a 13-month streak of monthly temperature records, the EU's climate monitor said Thursday.

International Business Times

Bulgaria Parliament Bans LGBTQ 'Promotion' In Schools

Bulgaria's parliament passed changes to its education law Wednesday, widening its scope to ban LGBTQ "propaganda" in schools in what rights groups slammed as discriminatory.

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