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External reserves hits $46bn, highest in nearly eght years

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Tag: EU

Customs partners EU to streamline trade, documentation
News

EU announces new immigration rules for for third-world country nationals

The European Union has modified its immigration laws for country citizens, stating that they must legally and consistently remain in an EU member state for at least five years and that this status must coexist with national long-term resident schemes. Third-country states are those that are not part of the European Union or whose citizens do not […]

EU moves to eliminate child porn from internet
News Tech

EU moves to eliminate child porn from internet

EU legislators on Wednesday, reached a consensus on draft regulations mandating Alphabet’s Google, Meta, and other internet companies to detect and eliminate child pornography from the internet. The European Commission’s draught rule on child sexual abuse material, which was put up last year, has caused controversy among proponents of online safety measures and privacy campaigners […]

Protect your rights, TikTok CEO tells users ahead of US ban
News Tech

Isreal-Palestine: TikTok boss to meet EU chiefs over misinformation

TikTok announced on Friday that its CEO, Shou Zi Chew, will meet with EU antitrust director Didier Reynders, EU digital leader Vera Jourova, and EU industry chief Thierry Breton in Brussels next week. Chew’s second travel to Brussels coincides with increased regulatory scrutiny of TikTok’s involvement in spreading misinformation in the wake of the Israel-Hamas […]

EU warns YouTube over Hamas-Israel disinformation
News Tech

EU warns YouTube over Hamas-Israel disinformation

EU Commissioner Thierry Breton has issued a letter to Alphabet CEO Sundar Pichai requesting that Alphabet be “very vigilant” in regard to anything posted on YouTube that is associated with Israel-Hamas. He informed Pichai that Alphabet has a responsibility to safeguard kids and teenagers from “violent content depicting hostage taking and other graphic videos,” noting […]

Brazil lifts ban on Starlink, X accounts after fine payment
News Tech

EU slams X for spreading misinformation

The European Union has criticised X, formerly Twitter for having the worst ratio of posts not disseminating lies to those that promote misinformation. The commissioner for values and transparency, Vera Jourova, said X’s poor performance was assessed during a pilot phase of testing a new methodology developed by Code signatories. Jourova was speaking today about […]

EU antitrust boss warns Apple, Meta over new fees
Business

EU rules threaten Big Tech’s core businesses

Alex Omenye The European Union has singled out 22 “gatekeeper” services run by six of the largest digital corporations in the world to be subject to new Digital Services Act regulations. Alphabet, Amazon, Apple, Meta, Microsoft, and ByteDance services will all be covered by the comprehensive Digital Markets Act. The DMA was created to level […]

Amazon, OnlyFans founder express interest as TikTok sale deadline nears
Tech

EU urges TikTok to adopt new rules

The European Commissioner overseeing the digital market, Thierry Breton, has called upon Chinese video-sharing platform TikTok to expedite its adoption of the new EU standards. With the Digital Services Act set to take effect next month, internet giants are racing to ensure compliance with rules on transparency, data privacy, child protection, disinformation, and hate speech. […]

EU approves Broadcom's $61bn acquisition of VMware
News

EU approves Broadcom’s $61bn acquisition of VMware

US chipmaker, Broadcom has successfully obtained antitrust approval from the European Union for its proposed $61 billion acquisition of cloud computing firm VMware. In order to address concerns regarding competition, Broadcom offered remedies to rival Marvell Technology. This landmark deal represents Broadcom’s largest ever and signifies the company’s strategic move towards diversification into enterprise software. […]

Amazon to exit Quebec operations, cut 1,700 jobs
News Tech

Amazon files suit against EU content regulators

Amazon has filed a lawsuit challenging its participation in a group of businesses subject to strict European Union internet content regulations. Technology experts have predicted that other tech titans may follow Amazon’s lead. Two weeks after German online retailer Zalando sued the European Commission over the same matter, Amazon filed a challenge before the General […]

EU invests €3bn, generates 160,000 jobs in Nigeria yearly - Ambassador
Business

EU investigates Gucci, others for possible violations

The European Union antitrust regulators on Thursday began investigating a Gucci facility in Milan as part of a broader investigation that covers several countries. According to Reuters, the scrutiny follows concerns over Europe’s booming luxury goods industry. The inspection at the luxury brand’s facility in Milan focuses on possible violations of Article 101 of the […]

EU invests €3bn, generates 160,000 jobs in Nigeria yearly - Ambassador
Business

UK businesses urge EU to reduce energy prices

European businesses have urged European Union to lower energy prices and ease policies to stop industries from leaving the country. This statement was made on Monday, as Brussels prepared plans to accelerate the green economy. The EU is driving towards Europe’s enhanced attractiveness to companies and industries who may be want to move to United […]

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