Top EU regulator defends mega $1.3 billion privacy fine on Meta: ‘I have to enforce the law’
A top European Union regulator defended a decision to hit Meta with a record-setting fine, saying she had to enforce the law based on existing rules.
Chinese Tesla rival shares dive 11% after it forecasts a plunge in car deliveries
Xpeng has been hurt by a tough macroeconomic situation in China as well as rising competition from Tesla, BYD and electric car startups.
France bans short-haul flights as it looks to cut transport emissions
The aviation sector and its effect on the environment sit at the heart of significant debate.
Goldman Sachs backs Japan’s biggest taxi app with $1 billion valuation
Goldman Sachs invested 10 billion Japanese yen ($72.1 million) into Go Inc.
Europe stocks sink as U.S. debt ceiling talks stumble and UK inflation drops less than forecast
European markets opened lower Wednesday as market sentiment continues to be rattled by stumbling U.S. debt ceiling talks.
Greek stocks have climbed 40% over the last year — as the country shakes off ‘problem child of Europe’ label
A second term for Greece’s ruling New Democracy looks likely — in what economists see as good news for the stock market.
Europe is producing more startup ‘mafias’ than ever despite tech rout
The development mimics the trend of startup “mafias” in the U.S., where companies like PayPal indirectly helped produce huge businesses like Tesla and Palantir.
EU court rejects Meta challenge against EU antitrust requests for information
Europe’s Luxembourg-based General Court on Wednesday rejected Meta Platforms’ challenge against EU antitrust regulators.
European banks are stronger than their U.S. rivals, analysts say. Here’s why
Attendees of the Institute of International Finance conference in Brussels said European banks were in a strong position, but needed support to grow.
UK inflation sinks below 10% for the first time since August
U.K. inflation dropped sharply in April, as energy prices retreated and the impact of Russia’s invasion of Ukraine began to drop out of the annual consumer price comparison.
