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Just_super | E+ | Getty ImagesThe European Union's parliament on Wednesday endorsed the world's first major set of regulatory ground rules to govern the mediatized artificial intelligence at the forefront of tech investment. President of the European Parliament, Roberta Metsola, described the act as trail-blazing, saying it would enable innovation, while safeguarding fundamental rights. "Artificial intelligence is already very much part of our daily lives. Born in 2021, the EU AI Act divides the technology into categories of risk, ranging from "unacceptable" — which would see the technology banned — to high, medium and low hazard. "The AI Act is not the end of the journey, but, rather, the starting point for a new model of governance built around technology.

Persons: Thierry Breton, Roberta Metsola, Dragos, Tudorache Organizations: Intelligence, Wednesday, EU, European, Union, Digital Markets, — U.S, Apple, Meta, Microsoft, Google, Nvidia Locations: Europe, Germany, France, U.S, India

☆ World Wide Web turns 35: Tim Berners-Lee gives predictions for future
▼ + stars: | 2024-03-12 | by ( Ryan Browne | ) www.cnbc.com time to read: +10 min

Tim Berners-Lee is credited with inventing the World Wide Web in 1989. These are just some of the predictions for the future of the web from the inventor of the World Wide Web, Tim Berners-Lee, on the 35th anniversary of its invention. Tim Berners-Lee Inventor, World Wide WebBerners-Lee got to continue working on his idea for this information sharing system, and by 1991, the World Wide Web was up and running. When Tim Berners-Lee started work on the World Wide Web 35 years ago, he had no idea it was about to become the ubiquitous force it is today. Tim Berners-Lee Inventor, World Wide Web

Persons: Tim Berners, Lee, Rita Franca, Berners, Fabrice Coffrini, of Berners, Robert Blumofe, Akamai, Blumofe, we'll, Sebastian Derungs, you'll, Chintan Patel, Patel Organizations: CERN, CNBC, AFP, Getty, Microsoft, Samsung, Galaxy, Massachusetts Institute of Technology, Google, Apple, Afp, Forte Ventures, Akamai, Glasswing Ventures, Cisco, Big Tech, Digital Markets Locations: Swiss, London, Berners, U.S

☆ EU's Vestager on Apple fine: Quite obvious there was consumer harm done
▼ + stars: | 2024-03-11 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEU's Vestager on Apple fine: Quite obvious there was consumer harm doneEuropean Commission Executive Vice President Margrethe Vestager joins 'Squawk on the Street' to discuss the European Union's latest $1.95 billion fine against Apple, evidence of consumer harm against Apple, and more.

Persons: Margrethe Vestager Organizations: Apple

Apple has reversed course under regulatory pressure and cleared the way for a nettlesome adversary, video game maker Epic Games, to set up an alternative store for iPhone apps in Europe. Apple attributed the change of heart to reassurances from Epic that it won't violate its requirements for getting access to iPhone owners. Epic had brazenly broke the rules in the U.S. in 2020 to trigger an antitrust lawsuit alleging Apple's App Store is a monopoly. Apple had rejected Epic's attempt to set up an account that would have allowed it to set up an alternative store for downloading iPhone apps — something that Apple has held exclusive control over for more than 15 years. Apple is demanding more than $73 million from Epic to cover its fees in the U.S. antitrust case over the App Store.

Persons: brazenly, Apple, Tim Sweeney, Sweeney Organizations: Apple, Epic, Epic Games, European Commission Locations: Europe, U.S, Sweden

☆ Big Tech goes from 'teenager' to 'grown-up' under landmark EU law. Here's what you need to know
▼ + stars: | 2024-03-07 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

Justin Tallis | AFP via Getty ImagesAn EU law that seeks to rein in large digital companies has officially kicked in, spelling big changes for primarily U.S. tech giants. CNBC runs through how the law impacts large U.S. tech companies — as well as consumers in the EU. The EU Digital Markets Act primarily impacts U.S. tech giants — the likes of Alphabet , Amazon , Apple , and Meta . The rules have already sparked big changes for tech giants in how they serve customers in the EU. It's likely more adjustments will come, as competitors to Big Tech firms aren't happy with the proposals put in place so far.

Persons: Justin Tallis, Bill Echikson, Echikson, ByteDance, Apple Organizations: Apple, Facebook, Microsoft, Getty, Digital Markets, European Commission, Center for, CNBC, Big Tech, EU Digital Markets, Meta, Google, Companies, EU, Spotify Locations: EU, U.S, iPhones

☆ Apple hit with more than $1.95 billion EU antitrust fine over music streaming
▼ + stars: | 2024-03-04 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +5 min

In this article AAPL Follow your favorite stocks CREATE FREE ACCOUNTwatch nowThe European Commission, the European Union's executive arm, on Monday hit Apple with a 1.8 billion euro ($1.95 billion) antitrust fine for abusing its dominant position on the market for the distribution of music streaming apps. Apple also banned developers of music streaming apps from providing any instructions about how users could subscribe to these cheaper offers, the Commission alleged. Apple responseIn a fiery response to the fine, Apple said Spotify would stand to gain the most from the EU pronouncement. That's because instead of selling subscriptions in their iOS app, Spotify sell them via their own website stead. Apple fine just a 'parking ticket'The Commission said that Apple prevented developers of music streaming apps from informing their iOS users within their apps about prices of subscriptions or offers available elsewhere.

Persons: Apple, —, Margrethe Vestager, Vestager Organizations: European Commission, Apple, Commission, EU, U.S, Spotify, Apple Music Locations: Brussels, Stockholm, Sweden, Cupertino

☆ German warship accidentally opened fire on an American drone, nearly costing the US another Reaper in its Red Sea fight
▼ + stars: | 2024-02-29 | by ( Jake Epstein | Ryan Pickrell | ) www.businessinsider.com time to read: +5 min

A German warship accidentally tried to shoot down a US military combat drone this week. The frigate Hessen targeted the MQ-9 Reaper as it was on a mission around the Red Sea, a US official said. AdvertisementA German warship accidentally targeted an American combat drone that was operating around the Red Sea earlier this week, but a malfunction spared the US from losing another Reaper drone. A missile launches from a US Navy destroyer in the Red Sea earlier this month. Screengrab/US Central Command via XMeanwhile, with this week's engagements — which saw Germany shoot down the two Houthi drones — Berlin joins the US, UK, and France in eliminating deadly threats launched by the rebels.

Persons: —, Boris Pistorius, Sina Schuldt, Aspides, Dwight D Organizations: Service, Berlin's, Airmen, Squadron, Nevada, Air, Bomb, US Air Force, Victoria, US Central Command, Hessen, Getty, Hellfire, Prosperity Guardian, EU, US Navy, Central Command, Eisenhower Carrier Strike Locations: Hessen, American, Sachsen, Germany, Red, Yemen, Russia, France

☆ Battle for the Red Sea expands with U.S. strikes, EU stepping up its efforts against Houthis
▼ + stars: | 2024-02-25 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +9 min

Defense officials tell CNBC as of February 21, there have been at least 59 attacks on commercial shipping interests in the Red Sea. But the EU said the Red Sea moves reflect the need for a stronger European presence in protecting ships from Houthi attacks. Trade leaders have urged more countries to join the military effort in the Red Sea. A war of misinformation in the Red Sea crisis also continues. On February 2 in Brussels, Borrell informed Yemeni Prime Minister Bin Mubarak about the plans to launch a new EU maritime operation in the Red Sea and about its mandate.

Persons: Mason, Torm Thor, Good Hope, Peter Stano, Josep Borrell, Mark Montgomery, Sen, John McCain, Steven Lamar, Hussein, Azzi, Stano, Houthis, Borrell, Bin Mubarak, Rashad Al, Carl Bentzel, Bentzel, Tesla Organizations: European Commission, United States Central Command, Command, U.S, CNBC, European Union's Naval Force, EU, French Navy, Prosperity, Prosperity Guardian, EU Commission, Navy, Foundation, Defense of Democracies, Senate Armed, NATO, U.S . Central Command, UK, Prosperity Guardian . Trade, American Apparel and Footwear Association, Central Command, Yemeni, Presidential, Council, UN, Federal Maritime, Foreign Shipping, State Department, FMC, Walmart Locations: Aden, Iranian, Yemen, Red, Libyan Coast, Good, Somalia, European, EU, U.S, Australia, Bahrain, Canada, Denmark, Netherlands, New Zealand, Houthi, Europe, Suez, Belize, Brussels, Yemeni, United States, Egypt, Germany, Israel

☆ Navalny's Widow Joins EU Foreign Ministers as Ukraine War Nears Two-Year Mark
▼ + stars: | 2024-02-19 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +3 min

By Gabriela BaczynskaBRUSSELS (Reuters) - The widow of Alexei Navalny, Russian President Vladimir Putin's nemesis who died in an Arctic prison last week, joins EU foreign ministers in Brussels on Monday, days before the two-year mark of Russia's war on Ukraine. The Latest Photos From Ukraine View All 91 ImagesNavalny, a 47-year-old former lawyer, rose to prominence campaigning against corruption in Putin's Russia. The ministers are due to discuss military support for Ukraine and what would be the European Union's 13th package of sanctions against Moscow since it unleashed a full-scale invasion of its neighbour on Feb.24, 2022. Inside the EU, Germany has blocked replenishing a military fund used to supply Ukraine saying Berlin was contributing too much compared to other members. One senior EU diplomat said they believed it "will be able to make it in time" and agree the new punitive measures for Feb.24.

Persons: Gabriela Baczynska BRUSSELS, Alexei Navalny, Vladimir Putin's, Yulia Navalnaya, Putin, Josep Borrell, Navalnaya's, Donald Trump, Viktor Orban, Gabriela Baczynska, Angus MacSwan Organizations: Ukraine, Moscow, NATO, Kremlin, EU, Washington Locations: Russian, Brussels, Ukraine, Munich, Israel, Gaza, Russia, Putin's Russia, Siberia, United States, Europe, U.S, EU, Germany, Berlin, Hungary, Budapest, Kyiv, London, Sahel, Mali, Burkina Faso, Niger, Mauritania

☆ China Foreign Minister Warns Against Decoupling at Munich Security Conference
▼ + stars: | 2024-02-17 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +1 min

BEIJING (Reuters) - Chinese foreign minister Wang Yi warned the West that it would be making a historical mistake if it sought to decouple from China in the interests of reducing risk. "Whoever tries de-sinicization in the name of de-risking would be making a historical mistake," Wang said in a speech on Saturday at the Munich Security Conference. His comments came amid calls over the last year from the United States and the European Union to reduce their dependence on China. During a meeting with U.S. Secretary of State Antony Blinken at the conference on Friday, the Chinese foreign minister also stressed that "making 'de-risking' into 'de-China', and seeking 'decoupling from China'" will only backfire on the U.S. itself". Photos You Should See View All 33 ImagesThe plans highlight "de-risking", the EU's policy of reducing economic reliance on China, which the bloc regards with suspicion due to its close ties to Russia.

Persons: Wang Yi, Wang, Antony Blinken, Albee Zhang, Ryan Woo, Giles Elgood Organizations: Munich Security Conference, European Union, U.S, European Commission, China's Chamber, Commerce Locations: BEIJING, China, United States, de, U.S, Russia

☆ Google is making a map of methane leaks for the whole world to see
▼ + stars: | 2024-02-15 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +5 min

Oil, gas, and coal operations are thought to account for 40% of global methane emissions from human activities. At least 155 countries have also signed the Global Methane Pledge, which calls for a 30% reduction in emissions. The pledge initially launched in 2021, but since then, methane emissions have continued to rise . To help change that trajectory, the US and Europe last year issued regulations cracking down on methane emissions from fossil fuel infrastructure. By 2027, those imports will have to meet methane emissions standards on par with Europe's.

Persons: Steve Hamburg, —, Yael Maguire, Maguire Organizations: Service, Google, Environmental Defense Fund, Business, International Energy Agency, Google Geo Locations: Agriculture, MethaneSAT, Dubai, Europe, Japan, South Korea, Hamburg

☆ Apple and Microsoft clinch key win as iMessage, Bing exempted from tough EU competition rules
▼ + stars: | 2024-02-13 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

The decision is a win for Apple, whose iMessage service has long faced complaints from Android users due to incompatibilities. The EU's competition restrictions also won't apply to Microsoft's Bing and Edge browsers, as well as the Redmond tech giant's online advertising service, Microsoft Advertising. The Tuesday pronouncement does not mean that Apple and Microsoft themselves won't still be treated as gatekeepers under the EU rules. Late last year, the EU unveiled six designated gatekeeper that would be subject to its rules: Google, Amazon, Apple, Meta, Microsoft, and TikTok owner ByteDance. Apple recently opened up its App Store for third-party developers in Europe, which could threaten the iPhone giant's lucrative fees.

Persons: Microsoft's Bing, Meta's WhatsApp, ByteDance Organizations: European Commission, Apple, Facebook, Users, Redmond, Microsoft, CNBC, EU, EU Digital Markets, Meta Locations: Europe

☆ France to Impose Travel Bans on Violent Israeli Settlers
▼ + stars: | 2024-02-13 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +1 min

PARIS (Reuters) - France will ban 28 Israeli settlers from entering the country, accusing them of attacking Palestinians in the occupied West Bank, its foreign ministry said on Tuesday. "These measures come as violence perpetrated by settlers against the Palestinian population has increased in recent months. France reaffirms its firm condemnation of this unacceptable violence," the ministry said in a statement. Photos You Should See View All 22 ImagesThe United States and Britain have expressed similar concerns and have already imposed sanctions on several settlers whom they say are responsible for violence. The European Union's foreign policy chief Josep Borrell said in December that he would also propose similar measures.

Persons: Josep Borrell, John Irish, Sudip Kar Organizations: PARIS, West Bank, GV De Locations: France, Israel, Gaza, United States, Britain

☆ Trump’s NATO comments stir up a political storm as Russia keeps quiet
▼ + stars: | 2024-02-12 | by ( Sam Meredith | Www.Linkedin.Com In Samuelmeredith | ) www.cnbc.com time to read: +4 min

Former U.S. president Donald Trump pictured during a meeting with NATO Secretary-General Jens Stoltenberg at Winfield House, London on Dec. 3, 2019. She added that the NATO alliance "allows us to prevent war." The defense spending target is not a requirement and many countries have sought to ramp up their military spending since Russia launched its full-scale invasion of Ukraine. NATO's so-called Article 5 mutual defense clause means that an attack against one NATO member is considered an attack against all allies. "NATO cannot be an 'a la carte' military alliance ... depending on the humor of the president of the U.S.," Borrell said when asked to respond to Trump's comments, Reuters reported.

Persons: Donald Trump, Jens Stoltenberg, NICHOLAS KAMM, Trump, …, Vladimir, Dmitry Peskov, Trump's, Joe Biden, Biden, Nikki Haley, Haley, Chris Christie, I've, Jake Sullivan, Dursun, Stoltenberg, NATO Ally, Josep Borrell, Borrell Organizations: U.S, NATO, Winfield House, AFP, Getty, Former, Statista, Russia, Reuters, Top, Democratic, Republican, South Carolina Gov, CBS, NBC News, US National Security, North Atlantic Council, Anadolu Locations: London, Former U.S, South Carolina, Russia, U.S, United States, Brussels, Belgium, Canada, France, Italy, Turkey, Ukraine, NATO's

☆ Tractors Drive Past the Colosseum as Italy's Meloni Pledges Tax Help
▼ + stars: | 2024-02-09 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +2 min

By Angelo AmanteROME (Reuters) - A convoy of tractors on Friday drove past the landmarks of ancient Rome before Italian Prime Minister Giorgia Meloni told a delegation of farmers that the government would partially reintroduce a tax break for them. Four tractors, escorted by police, crossed the city streets and passed in front of the Colosseum and the Circus Maximus, adorned with Italian flags and slogans decrying the EU's green transition. We don't want to create problems, we just want answers as soon as possible," one of the protesters, Luigi Allegrini, said. Coldiretti, the main agricultural lobby, has a close relationship with the government but the current protests are being led by smaller groups. "The government has defended farmers and contested the wrong choices imposed by the European Commission from the very beginning," Meloni told the farmers.

Persons: Angelo Amante ROME, Giorgia Meloni, Maximus, Luigi Allegrini, Roberto Rosati, Meloni, Angelo Amante, Alvise Armellini, Angus MacSwan Organizations: Italian, Farmers, European Commission Locations: Rome, Europe, Spain, Poland

☆ World surpasses key warming threshold across an entire year for the first time
▼ + stars: | 2024-02-08 | by ( Sam Meredith | Www.Linkedin.Com In Samuelmeredith | ) www.cnbc.com time to read: +2 min

Scientists on Thursday said the world surpassed a key warming threshold across an entire year for the first time on record, calling to slash planet-warming greenhouse gas emissions. The findings do not represent a break of the landmark Paris Agreement, which aims to "limit global warming to well below 2, preferably to 1.5 degrees Celsius, compared to pre-industrial levels" over the long term. But the EU's climate monitor said the data reinforces the need to rapidly reduce greenhouse gas emissions in order to avoid the worst of what the climate crisis has in store. C3S also confirmed that the first month of 2024 was the warmest January on record, with an average surface temperature of 13.14 degrees Celsius — some 0.7 degrees Celsius above the 1991-2020 average and 0.12 degrees Celsius higher than the previous warmest January, logged in 2020. "Rapid reductions in greenhouse gas emissions are the only way to stop global temperatures increasing."

Persons: C3S, Samantha Burgess Locations: Perris , Riverside County , California, Paris

☆ January Was World's Warmest on Record, EU Scientists Say
▼ + stars: | 2024-02-07 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +2 min

By Kate AbnettBRUSSELS (Reuters) - The world just experienced its hottest January on record, continuing a run of exceptional heat fuelled by climate change, the European Union's Copernicus Climate Change Service (C3S) said on Thursday. Last month surpassed the previous warmest January, which occurred in 2020, in C3S's records going back to 1950. Every month since June has been the world's hottest on record, compared with the corresponding month in previous years. "Rapid reductions in greenhouse gas emissions are the only way to stop global temperatures increasing," she said. Still, average global sea surface temperatures last month were the highest for any January on record.

Persons: Kate Abnett BRUSSELS, Samantha Burgess, Kate Abnett, Sandra Maler Organizations: El, Nina Locations: U.S, Paris

☆ Apple wants to know what developers really think about its App Store changes. It may regret asking.
▼ + stars: | 2024-02-05 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Read previewApple is about to find out what developers really make of its App Store shake-up . The iPhone maker has started to offer 30-minute online consultations to any app maker seeking to give feedback on a raft of controversial changes made to its App Store last month . To address lawmakers' concerns, Apple set about allowing third-party app stores onto iOS. AdvertisementFor one, it can expect to hear strong thoughts about rules dictating which third-party app stores will be allowed onto its operating systems. That said, it's still open to talk about topics including alternative distribution on iOS, alternative payments in the App Store, and more.

Persons: —, Tim Sweeney, Daniel Ek, Don Emmert, Sarah Bond, Apple, Sweeney, It's, Zach Meyers, it's Organizations: Service, Union's, Business, Apple, EU, Epic, iOS, Getty, Center, European Locations: Cupertino , London, Singapore, AFP, @Zach_CER

☆ EU Diplomat Says Defunding U.N. Palestinian Agency Would Be Dangerous
▼ + stars: | 2024-02-04 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +2 min

A string of countries, including the United States, Britain and Italy, have paused funding to the aid agency, which has opened an investigation into several of its thousands of employees and severed ties with those people. "Defunding UNRWA would be both disproportionate and dangerous," EU foreign policy chief Josep Borrell wrote in a blog post. Borrell said neither the European Commission, nor the EU's two biggest economies, Germany or France, had decided to end their contributions. In 2022, the EU was the third biggest donor to UNRWA, after the United States and Germany. "The lives of hundreds of thousands of Palestinians, not only in Gaza, are at stake," Borrell said.

Persons: Kate Abnett BRUSSELS, Josep Borrell, Borrell, Kate Abnett, Andrew Gray, Sharon Singleton Organizations: UNRWA, European Commission, West Bank, UN Locations: Israel, United States, Britain, Italy, Gaza, EU, Germany, France

☆ Amazon to Launch Privacy Tool for Advertisers in Europe
▼ + stars: | 2024-02-02 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +1 min

Amazon's data clean room for European advertisers is meant to comply with an upcoming EU regulation. Companies are racing to build data clean rooms that solve for the loss of third-party cookies. Amazon is set to launch a new privacy tool for advertisers that competes with Google and data firms. The clean room will allow advertisers to independently vet the performance of campaigns that use Amazon's data, the company said in the post. An Amazon spokesperson declined to say whether the tool would be made available in the US.

Organizations: Google, Markets, Amazon, Business Locations: EU

☆ Ukraine war live updates: Zelenskyy says EU aid sends 'clear signal' to both Moscow and the U.S.; French aid volunteers killed in Russian strike
▼ + stars: | 2024-02-02 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

In his nightly address, Zelenskyy thanked EU leaders and said the four-year program would provide Ukrainians with financial guarantees for "social stability." This is a clear signal to Moscow that Europe will withstand and that Europe will not be broken by any destructive waves that the Kremlin always comes up with," he added. "But at the same time, it is a clear signal across the Atlantic that Europe is taking on commitments. Security commitments. U.S. President Joe Biden's government has been pushing for congressional approval for $61 billion in fresh funding for Ukraine for months.

Persons: Volodymyr Zelenskyy, Zelenskyy, Joe Biden's, — Organizations: EU, Israel, Pentagon, Republican Locations: Moscow, United States, Europe, Ukraine, U.S

☆ Mark Zuckerberg hits out at Apple's 'onerous' new App Store rules
▼ + stars: | 2024-02-02 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Meta CEO Mark Zuckerberg is the latest to slam Apple's new app store rules. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMeta has joined the ranks of companies criticizing Apple's new App Store rules. AdvertisementOn a call with analysts this week, Meta CEO Mark Zuckerberg said the changes were "so onerous" that he'd be "very surprised if any developer" chooses to opt in. The streaming giant also released a statement accusing Apple of acting like "they don't think the rules apply to them."

Persons: Mark Zuckerberg, Zuckerberg, —, It's, Apple, Daniel Ek, Apple's, Sarah Bond Organizations: Service, Meta, Union's, Apple, Digital

☆ Columbia CEO says warm winter affected company’s fourth-quarter sales
▼ + stars: | 2024-02-02 | by ( Micah Washington | ) www.cnbc.com time to read: +1 min

Columbia Sportswear CEO told CNBC's Jim Cramer on Friday that the company is still heavily dependent on winter weather for sales and is looking or opportunities to venture out after reporting disappointing fourth-quarter earnings. Columbia, known for its winter apparel, faces challenges with increasingly warm weather. "Those kinds of things can keep us straight and narrow and a time when the business has been more challenged." Columbia shares were down 0.87% on Friday after the bell after the company reported weaker than expected earnings. However it expects 2024 to be a challenging year as "retailers are placing orders cautiously, and economic and geopolitical uncertainty remains high."

Persons: CNBC's Jim Cramer, Boyles, Boyle, We're Organizations: Columbia

☆ Euro zone inflation eases as expected, but core figures disappoint
▼ + stars: | 2024-02-01 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Euro zone headline inflation eased slightly in January, flash figures published by the European Union's statistics agency showed on Thursday, while core figures declined less than expected. Inflation stood at 2.9% in December, up from 2.4% in November, largely due to the wind-down of energy price support measures. By sector, services inflation — an important gauge for policymakers due to its link to domestic wage pressures — held steady at 4%. Preliminary figures out earlier this week showed inflation in Germany easing slightly more than had been forecast, reaching 3.1%. "However, core inflation only inched lower, with services especially coming in quite hot.

Persons: Janis, Price, Christine Lagarde, Kamil Kovar, Kovar Organizations: Reuters, Inflation, European Central Bank, ECB, Moody's Locations: Cais, Lisbon, Portugal, Germany

☆ Euro zone economy narrowly skirts recession, stagnates in fourth quarter
▼ + stars: | 2024-01-30 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

The euro zone economy stabilized in the fourth quarter of 2023, flash figures published by the European Union's statistics agency showed on Tuesday. The euro zone's seasonally-adjusted GDP was flat compared with the previous quarter and expanded by 0.1% versus the previous year. The French economy was steady in the fourth quarter, while Spain outperformed forecasts to expand by 0.6%. The U.S. economy smashed expectations for the end of the year, expanding by 3.3% in the fourth quarter. The latest euro zone inflation flash figures are due Thursday.

Persons: industrials, Bert Colijn Organizations: ING, U.S, European Central Bank Locations: Frankfurt, Germany, Spain, U.S

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