Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Eu"


25 mentions found


One AI expert said it risks creating "AI policy tax havens" as countries try to attract investment. "Europe is NOW a global standard-setter in AI," Thierry Breton, the European internal market commissioner, said on X. Other countries, including China, have already brought in rules around specific uses of AI. AdvertisementThe legislation has been questioned by some commentators, such as AI and deepfakes expert Henry Ajder, who called it "very ambitious." The EU legislation plans to assign the risks of AI applications into three categories, with applications that cause unacceptable risk set to be banned.
Persons: , Thierry Breton, Henry Ajder, Neil Serebryany, Avani Desai, Schellman, Marcus Evans, Norton Rose Fulbright Organizations: EU, Intelligence, Service Locations: Europe, China, EU, California
The logo of the Alibaba office building is seen in the Huangpu District in Shanghai, June 16, 2023. The Commission, the executive arm of the European Union, opened the probe into AliExpress under its landmark Digital Services Act, which came into effect this month. The European Commission on Thursday said it opened a formal investigation into AliExpress, an international e-commerce website run by Chinese tech giant Alibaba , over concerns surrounding the dissemination of illegal content. Other areas of the probe include how AliExpress recommends products to users and whether the e-commerce site complies with a rule that allows a searchable repository of ads that are provided on the platform. This is the third formal probe under the DSA, following those opened into TikTok and social media platform X.
Persons: AliExpress Organizations: European Union, Digital Services, European, DSA Locations: Huangpu District, Shanghai
FCC cracks down on cable TV ‘junk fees’
  + stars: | 2024-03-14 | by ( Brian Fung | ) edition.cnn.com   time to read: +9 min
The new junk fees rule requires cable and satellite TV companies to list “all-in” prices to consumers in their billing and marketing materials — including any miscellaneous fees, such as those related to sports programming or local broadcast channels. Between 24% and 33% of the typical consumer’s bill can be attributed to fees, consumer advocates told the FCC. In a separate move last year, the FCC proposed banning certain cable fees altogether, including early termination fees that the agency says hinder competition and prevent customers from easily switching providers. Mending the digital divideIn addition to cable, the FCC also addressed internet availability during its Thursday meeting. Defining high-speed internetThe report also reflects newly adopted revisions in how the country defines high-speed internet, which the FCC voted to approve on Thursday.
Persons: , , Jessica Rosenworcel, ’ ”, NCTA, Dave Wallace, Amira Karaoud, Biden, Rosenworcel, you’re, Anne Neuberger, Neuberger Organizations: Washington CNN, Federal Communications Commission, FCC, Energy Star, National Institute for Standards, Technology, Logitech, LG, Samsung, Consumer, European Union Locations: Kentucky, Louisville , Kentucky, U.S, greenlight, Las Vegas, America
In the two years since Russian President Vladimir Putin launched his full-scale invasion, allied dignitaries visiting Ukraine have been harried by strikes — and in one case, a drone — in the cities they've visited. "Definitely, I think Russia has been trying to be quite aggressive and intimidate Western leaders," he told Business Insider. President Joe Biden with Ukrainian President Volodymyr Zelenskyy during an unannounced visit to Kyiv, Ukraine, on February 20, 2023. NATO's principle of collective defense — Article 5 — doesn't apply to armed attacks in this scenario as they would not be in NATO space, Loss told BI. Russia is 'greasing' a slippery slopeRussia is testing NATO's attitude to risk, Loss told BI, and the incidents involving leaders visiting Ukraine can be read as part of a much wider strategy of provocations.
Persons: , Kyriakos Mitsotakis, Mitsotakis, Vladimir Putin, they've, Joe Biden's, Josep Borrell, António Guterres, Frank, Walter Steinmeier, Cristian Nitoiou, Joe Biden, Volodymyr Zelenskyy, Evan Vucci, Annalena Baerbock, scurrying, Nitoiou, Rafael Loss, Ukraine's, we've, JOHN THYS, Emmanuel Macron's, Putin Organizations: Service, Business, Reuters, UN, UK's Loughborough University, European Union, German Defense, European Council, Foreign Relations, NATO, Getty Locations: Russia, Ukrainian, Odesa, Mitsotakis, Ukraine, Kyiv, United States, Russian, Mykolaiv, Moscow, Poland, Baltic, Polish, AFP
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
Analyst Colin Langan downgraded the electric vehicle maker to underweight from equal weight. We see headwinds from disappointing deliveries & more price cuts, which likely drive negative EPS revisions," Langan wrote. In the wake of [price] cuts are lower lease residuals, disgruntled customers & the possible loss of the luxury brand premium." Tesla shares have struggled in 2024, losing nearly 30%, as demand for electric vehicles wanes. Ford Motor last month said it was reassessing its electric vehicle plans , with CEO Jim Farley noting widespread adoption won't happen until costs are more aligned with gas-powered models.
Persons: Wells, Colin Langan, Langan, Jim Farley, Wells Fargo's Langan Organizations: Elon, EU, China, Ford Motor, General Motors, Honda Locations: Tuesday's
CNN —European Union lawmakers gave final approval Wednesday to a landmark law governing artificial intelligence, leapfrogging the United States once again on the regulation of a critical and disruptive technology. The first-of-its-kind law is poised to reshape how businesses and organizations in Europe use AI for everything from health care decisions to policing. It imposes blanket bans on some “unacceptable” uses of the technology while enacting stiff guardrails for other applications deemed “high-risk.”For example, the EU AI Act outlaws social scoring systems powered by AI and any biometric-based tools used to guess a person’s race, political leanings or sexual orientation. Meanwhile, the law outlines a separate category of “high-risk” uses of AI, particularly for education, hiring and access to government services, and imposes a separate set of transparency and other obligations on them. Companies such as OpenAI that produce powerful, complex and widely used AI models will also be subject to new disclosure requirements under the law.
Persons: Chuck Schumer Organizations: CNN — European Union, EU Locations: United States, Europe
On a positive note, Bank of America raised its price target on Nvidia to $1,100, implying gains of nearly 20%. Analyst Ruplu Bhattacharya upped his price target by $240 to $1,280, now implying upside of 10.1% from Tuesday's close. Analyst Sheila Kahyaoglu upgraded the airline stock to hold from underperform and raised her price target by $8 to $28. Still, her new price target implies shares will slid another 2.6% — even after Tuesday's big drop. Notably, he said Nvidia stock is at a lower forward price-to-earnings multiple today than when ChatGPT was launched.
Persons: Wells, BofA, Ruplu Bhattacharya, Bhattacharya, Alex Harring, Jefferies, Sheila Kahyaoglu, Tuesday's, Kahyaoglu, — Alex Harring, Vivek Arya, Arya, ChatGPT, Colin Langan, Langan, Fred Imbert Organizations: CNBC, Bank of America, Nvidia, Artificial Intelligence, Super Micro, Southwest, Jefferies, Boeing, of America, Tech Conference, EU, China Locations: Tuesday's, underperform, Woodstock, Wells
Here’s a look at the world's first comprehensive set of AI rules:HOW DOES THE AI ACT WORK? The law’s early drafts focused on AI systems carrying out narrowly limited tasks, like scanning resumes and job applications. The astonishing rise of general purpose AI models, exemplified by OpenAI’s ChatGPT, sent EU policymakers scrambling to keep up. Rules for general purpose AI systems like chatbots will start applying a year after the law takes effect. Meanwhile, Brussels will create an AI Office tasked with enforcing and supervising the law for general purpose AI systems.
Persons: Dragos Tudorache, Sam Altman, OpenAI’s ChatGPT, it’s, , Joe Biden, that’s, Xi Jinping, they've Organizations: , Union, Lawmakers, Artificial Intelligence, Big, ACT, EU, Google, Companies, Global AI, Initiative, United Nations, Group Locations: Romanian, Europe, Brussels, U.S, China, Brazil, Japan
(Reuters) - European Union countries are set to agree on a new 5 billion euro ($5.46 billion) top-up to a fund used to finance military shipments to Ukraine, the Financial Times reported on Tuesday citing four officials briefed on the discussions.
Organizations: Reuters, Union, Financial Times Locations: Ukraine
IPhone users in the European Union will be able to download apps from websites, instead of through the App Store or a competing app store app, Apple said, in the the latest change forced by the European Commission's Digital Markets Act. Tuesday's announcement is the latest example of the Digital Markets Act forcing Apple to make long-resisted changes to its App Store business processes. Under the DMA, Apple has been forced to allow third-party app stores in Europe, has reinstated antitrust adversary Epic Games' developer account amid a legal dispute, and has backtracked on banning web app shortcuts on the main iPhone screen. Apple still plans to charge a fee of fifty Euro cents for app downloads outside of its App Store, including web app downloads. The company has said Europe represents about 7% of Apple's App Store revenue.
Persons: Tim Cook, Apple, Margrethe Vestager, Vestager Organizations: Apple Inc, Apple Worldwide Developers, European Union, Commission's, Apple, Digital, Epic Games, Commission, European Commission, Spotify, EU, CNBC Locations: San Jose , California, U.S, European, Europe, iPhones
CNN —“Ireland, we are at war,” UFC star Conor McGregor declared to his millions of social media followers on November 22, 2023. This comes after the Garda – as Ireland’s police are known – told CNN there were 231 anti-immigration related public gatherings in 2023. A working-class boy from Dublin, McGregor was driven by a desire to become world champion in a sport relatively unknown in Ireland. Political analysts and far-right experts have told CNN that McGregor’s unique brand of Irish patriotism that won him supporters as a fighter has mutated into a strand of “far-right” Irish nationalism. O’Keefe regularly writes to McGregor on X, calling him “President McGregor.” O’Keefe did not respond to CNN’s request for comment.
Persons: CNN —, , Conor McGregor, It’s, McGregor, Ciarán, ” O’Connor, McGregor’s, , Petery Murphy, Paul Murphy, , Murphy, Drew Harris, ” Conor McGregor, Dustin Poirier, Stacy Revere, Khabib Nurmagomedov, Floyd Mayweather Jr, Aodhán Ó Ríordáin, ” Ewan MacKenna, ” McGregor, Patrick T, Fallon, , “ McGregor, Matthew Donoghue, Megan Briggs, Mick O’Keefe, O’Keefe, ” O’Keefe, Keith Woods, lambasts, Woods, Nick Fuentes ’, Fuentes –, Padraig Pearse, Artur Widak, Europe’s, Heidi Beirich, ” Donoghue Organizations: CNN, CNN — “, ” UFC, Institute for Strategic, Police, Flames, Getty, Irish, People, Profit, Irish National Party, Irish Freedom Party, Garda, Local, UFC, Guardian, Mobile, Forbes, Labour, RTÉ, Central Statistics Office Ireland, Ireland, University College Dublin, Denver Nuggets, Miami Heat, Kaseya Center, North, American White, Blacks, Leinster House, , Global, Twitter Locations: CNN — “ Ireland, Dublin, Irish, Ireland, Algeria, AFP, Las Vegas , Nevada, It’s, East Wall, Miami , Florida, North America, American, “ Ireland, Europe’s “, Germany, France, Italy, Sweden
By Jan Strupczewski and Kate AbnettBRUSSELS (Reuters) - European Union country leaders will urge the EU to work quickly on more measures to support farmers in response to months of protests by angry agriculture workers, draft conclusions for an EU leaders' summit showed. The EU has already watered down some environmental policies in response to the sometimes violent protests, but with farmers still taking to the streets this week in Belgium and France, Brussels is under pressure to do more. Draft conclusions for an EU summit on 21-22 March, seen by Reuters, showed EU country leaders plan to ask the European Commission to work without delay on "all possible short-term measures, including those to reduce the administrative burden and achieve simplification for farmers". The EU should also take action to strengthen the position of farmers in the food supply chain, and ensure they can earn a fair income, the draft said. The EU Environment Agency this week said current EU food policies are failing to address climate change risks.
Persons: Jan Strupczewski, Kate Abnett BRUSSELS, Kate Abnett, Jan Harvey Organizations: Union, EU, Reuters, Commission, EU Environment Agency Locations: Belgium, France, Brussels, Europe, Poland, Germany, Slovenia, EU
Explainer-How the West Might Use Russia's Frozen Reserves
  + stars: | 2024-03-12 | by ( March | At P.M. | ) www.usnews.com   time to read: +5 min
Here are some of the ideas that have been suggested:CONFISCATIONSome international policymakers and lawyers say the immobilised Russian reserves can simply be confiscated under a doctrine of international law known as "countermeasures". Some in the bloc are still wary, though, and the European Central Bank has warned that claiming the trapped Russian assets should only be done in tandem with G7 powers. The bondholders would not have a contractual claim on the Kremlin’s frozen reserves. Ukraine would have a plausible way to collect on any damages awarded up to the value of the reserves. If Moscow refused to pay the damages, the allies could then use Russia’s frozen assets to pay off the loan.
Persons: Marc Jones, Lee Buchheit, Daleep Singh, Mark Heinrich Organizations: Marc Jones LONDON, Emergency Economic, U.S, European Central Bank Locations: Ukraine, Russia, Kuwait, United States, EU, Russian, Brussels, Belgium, U.S, Britain, China, Hong Kong, Dubai, Moscow
Apple makes major concession in EU
  + stars: | 2024-03-12 | 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 EmailApple makes major concession in EUCNBC's Steve Kovach joins 'Power Lunch' to discuss Apple making major concessions in the EU.
Persons: Steve Kovach Organizations: Apple Locations: EU
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
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In comments made to Hungarian news outlet M1, Orbán said Trump has detailed plans on how to end the war, Reuters reported. Describing the conversation, Orbán claimed that Trump said he "will not give a penny into the Ukraine-Russia war and therefore the war will end," Orbán said, per Reuters. Trump has previously claimed he would "end that war in one day," without specifying how that would be achieved. President Joe Biden slammed Trump's meeting with Orbán, who is considered President Vladimir Putin's closest ally in Europe.
Persons: , Donald, Viktor Orbán, Orbán, Trump's, Trump, could've, Vladimir Putin, Joe Biden, Vladimir Putin's, Biden Organizations: Service, Mar, Business, Reuters, Trump, Trump Republicans, Congress, NATO, Politico Locations: Ukraine, Russia, NATO, Europe
India says Europe trade group commits to $100 billion 15-year deal
  + stars: | 2024-03-11 | by ( ) www.cnbc.com   time to read: +2 min
Indian Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles Shri Piyush Goyal is talking to media on EU-India trade relations. India will waive tariffs on industrial imports from four European nations for a $100 billion investment over 15 years, ending nearly 16 years of negotiations. It envisages that the European Free Trade Association, comprised of Switzerland, Norway, Iceland and Liechtenstein, will invest $100 billion over 15 years in India's fast-growing market of 1.4 billion people, Trade Minister Piyush Goyal said. "With the new deal, we have secured nil import taxes on nearly every Norwegian good." The five signatories must ratify Sunday's deal before it can take effect, with Switzerland planning to do so by 2025.
Persons: Piyush Goyal, Narendra Modi, Christian Vestre, Goyal Organizations: of Commerce and Industry, Consumer Affairs, Food, United Arab, European Free Trade Association, Trade, Industry Locations: India, Australia, United Arab Emirates, Britain, Switzerland, Norway, Iceland, Liechtenstein
CNBC Daily Open: Conflicting signals on U.S. jobs market
  + stars: | 2024-03-11 | by ( Sumathi Bala | ) www.cnbc.com   time to read: +2 min
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. China warns property developersChina's housing minister signaled real estate developers must go bankrupt if required and won't get a major bailout. Minister of Housing and Urban-Rural Development Ni Hong also warned that those who "harm the interests of the masses" will be punished. India's 'watershed' FTAIndia signed a 'watershed' $100 billion free trade deal that will remove most tariffs with four non-EU nations.
Persons: Hong, Piyush Goyal, Tony Fernandes, Tasha Keeney Organizations: CNBC, Nikkei, CSI, Nasdaq, Dow, Housing, India, EU, Commerce, Industry, AirAsia Locations: Asia, Japan, China, Malaysian
India flag, stock market, exchange economy and Trade, oil production, container ship in export and import business and logistics. India will lift most tariffs on four nations in Europe in a "watershed" deal that is expected to yield $100 billion worth of investment over 15 years and one billion jobs for the world's fifth-largest economy. The trade deal with European Free Trade Association nations, not part of the EU, was inked ahead of the country's general elections due in the next few months that may give Prime Minister Narendra Modi a third-straight term in office. This "marks a new turn and watershed moment in the bilateral relationship between India and [European Free Trade Association] countries of Switzerland, Iceland, Norway and Liechtenstein," India Prime Minister Narendra Modi said in comments shared on X, formerly Twitter. India expects this free trade agreement to stimulate its key exports in IT services, business services, audio-visual services among others, said Commerce and Industry Minister Piyush Goyal.
Persons: Narendra Modi, Piyush Goyal Organizations: European Free Trade Association, Free Trade Association, Twitter, Commerce, Industry Locations: India, Europe, Great Britain, Switzerland, Iceland, Norway, Liechtenstein
Finland has a reputation for being the happiest country in the world. AdvertisementFinland has been dubbed the world's happiest country for six consecutive years by the World Happiness Report. But happiness in Finland doesn't mean everyone is smiling from ear to ear or that there's a carnival atmosphere on every street. The holy grail of going to school in Finland was receiving free educationI loved my time living and going to school in Finland. AdvertisementBecause of this support from public institutions, Finns enjoy free healthcare and free education from elementary school through university, among other benefits.
Persons: Organizations: Service, Nordic, EU Locations: Finland
CNN —The popularity of the famous French delicacy of cuisses de grenouille, or frogs’ legs, is threatening the existence of certain frog species, a group of more than 500 environmental campaigners has warned French President Emmanuel Macron. A joint study by Robin des Bois and Pro Wildlife found that France alone consumes more than 3,000 tons of frozen frogs’ legs a year. Vietnam is also a large exporter of frogs’ legs, but these frogs are typically farmed rather than wild, according to a media statement accompanying the letter. “But the EU still tolerates the collection of millions of animals in other countries – even if this threatens the frog populations there. The signatories called on France to develop proposals to protect declining frog species, and to ensure that the monitoring, regulation and sustainability of the trade in frogs’ legs is governed by international trade rules.
Persons: Emmanuel Macron, Robin des Bois, Jeff Pachoud, ” Fejervarya, Arun Roisri, ” Sandra Altherr, Alain Moussu, Moussu Organizations: CNN, Biodiversity, Pro Wildlife, European Union, Wildlife, Getty Locations: France, Pierrelatte, Lyon, AFP, Indonesia, Turkey, Albania, Vietnam, Europe
Dajabon, Dominican Republic CNN —The United States and other diplomatic missions have begun evacuating personnel from Haiti, as gang violence in the Caribbean nation’s capital Port-au-Prince continues to spiral. US Southern Command said the move was consistent with “standard practice for Embassy security augmentation worldwide.” No Haitians were on board the military aircraft, it added. Another source with knowledge of the operations told CNN there have been at least 12 helicopter evacuation flights into Port-au-Prince over the past three days, all evacuating diplomatic and humanitarian staff. However, shots fired nearby after the last flight’s take off on Sunday have called into question the viability of continuing the evacuation flights, the source said. The World Food Programme suspended its maritime transport services in Port-au-Prince from distributing aid across Haiti due to the instability.
Persons: Dajabon, , Joe Biden, Peter Sauer, Stefano Gatto, , Prince, Gang, Jimmy Cherizier, Ariel Henry, Stephane Dujarric, Henry Organizations: Dominican Republic CNN, CNN, US State Department, US Southern Command, Southern Command, National Security Council, CNN Helicopter, European Union, EU, Caribbean Port Services, Dominican, United Nations, US Department of Treasury, Food, UN, OCHA, Kenya, Kenyan, Caribbean Locations: Dominican Republic, United States, Haiti, Caribbean, Port, Dominican, Haitian, Santo Domingo, Petionville, Haiti’s, Puerto Rico, CARICOM, Kingston
The Democratic Alliance coalition won 29.5% of the 98.98% of votes counted early Monday, with the incumbent Socialist Party on 28.7%. The results are not final – but Socialist Party leader Pedro Nuno Santos has already conceded. Chega won 18%, a breakthrough for the radical right party and its leader, André Ventura, a former trainee priest and football pundit. For decades the Socialist Party and center-right Social Democratic Party – the main party in the Democratic Alliance – have taken turns in power. Andre Ventura, the leader of Chega party, speaks to journalists after voting in Lisbon on March 10, 2024.
Persons: Chega, Pedro Nuno Santos, André Ventura, Luis Montenegro, Democratic Alliance –, Antonio Costa, Andre Ventura, Nuno Cruz, Nuno Santos, ” Santos, Ventura’s Chega, , , Ventura Organizations: CNN, Democratic Alliance, Socialist Party, Social Democratic Party –, Social Democratic Party, PSD Locations: Portugal’s, Portugal, Lisbon, Chega, Europe, Greece, Croatia, Western Europe, Costa, Montenegro
CNN —Pope Francis has sparked anger after saying Ukraine should have the “courage of the white flag” and negotiate to end the war with Russia. In an interview with Swiss broadcaster Radio Télévision Suisse (RTS) published on Saturday, Francis was asked whether he thinks negotiations would “legitimize the stronger party.”“That is one interpretation,” he replied. We shall never raise any other flags,” Ukraine’s Foreign Minister Dmytro Kuleba said in a post on social media Sunday. People wave Ukrainian flags at St.Peter's square as Pope Francis addresses the crowd on Sunday. “How about, for balance, encouraging Putin to have the courage to withdraw his army from Ukraine,” Poland’s Foreign Minister Radosław Sikorski said Sunday in a post on X.
Persons: Pope Francis, Francis, , Dmytro Kuleba, , Alberto Pizzoli, Sviatoslav, unconquered, ” Father Sviatoslav, Matteo Bruni, Pope, Francis’s, Putin, Radosław Sikorski, Edgars Rinkēvičs, Alexandra Valkenburg Organizations: CNN, Radio Télévision Suisse, Getty, Ukrainian Greek Catholic Church, Greek Catholic Church, Press, Vatican News, EU Locations: Ukraine, Russia, Swiss, Kyiv, , AFP, New York, Ukrainian, “ Ukraine
Total: 25