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MPC member urged CBN to lower lending rates

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Business confidence steady at 104.6 points in June

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Tag: European Union

Aviation

EU orders inspections of 16 Airbus A380 jets

The European Union’s chief aviation regulator has ordered inspections of 16 Airbus A380 jets after cracks were found in a key wing component on some of the aircraft. The E.U. Aviation Safety Agency on Monday ordered five of the jets to be grounded immediately for checks. The eleven others were ordered to seek an inspection […]

Business

EU trade deficit with China hits record €1b daily0

The European Union’s trade deficit with China has surged to a record €1 billion (about £0.8 billion) per day, according to official trade figures, raising fresh concerns about the resilience of Europe’s industrial base. Data from Eurostat shows the gap between EU imports from China and exports to China reached €31.9 billion in April alone. […]

EU rules out fee for tech giants under digital markets act
Investment

EU launches €4.5m project to tackle insecurity in Sokoto

The European Union has launched a €4.5 million conflict prevention and resilience initiative in Sokoto State aimed at addressing insecurity, climate stress, displacement and socioeconomic vulnerabilities affecting communities across the state. Nairametrics reported that the project, known as RECAP- Resilience, Engagement and Conflict Prevention for At-Risk Populations’ Protection in Sokoto State, was officially unveiled on […]

featured Transportation

EU explores alternative gulf energy routes amid US-Iran war

The ongoing Iran conflict and resulting disruption to global energy flows have pushed the European Union to explore alternative energy transport routes in the Middle East, as soaring oil and gas prices strain member states and expose vulnerabilities linked to the Strait of Hormuz. European Commission President Ursula von der Leyen said the bloc is […]

World

Iran war: Europe rejects Trump’s call for Hormuz naval help

European leaders have rejected demands by the United States President, Donald Trump, for help to clear the Strait of Hormuz. This came as foreign ministers from the European Union gathered in Brussels yesterday to discuss skyrocketing oil prices from the US-Israeli war on Iran. The pushback followed Trump’s call on the UK, China, France, Japan, […]

EU rules out fee for tech giants under digital markets act
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Europe to demand fingerprints, photos for all arriving travelers

European vacation destinations will soon require all travelers to provide fingerprint scans and photographs upon arrival as part of a new border screening process. France, Italy, Portugal, the United Kingdom, and 25 other countries began rolling out the new Entry/Exit System on October 12, with full enforcement. Officials say the program will be introduced in […]

US senators demand Meta probe over chatbot child safety concerns
Tech

EU to block Meta from excluding third-party AI assistants on WhatsApp

The European says it plans to impose interim measures to prevent Meta from blocking third-party AI assistants on WhatsApp. On Monday, EU regulators informed the company of their preliminary finding that Meta may have breached EU antitrust rules. The Commission added that the investigation is ongoing, and any measures will depend on Meta’s response and […]

Business

EU to guide Google on opening access to search rivals

The European Commission announced on Tuesday that Alphabet’s Google will receive guidance from EU antitrust regulators on how to provide online search competitors and AI developers with access to its services and Gemini AI models. Rivals have long criticized Google for leveraging its market dominance to gain an unfair edge, hoping the EU’s Digital Markets […]

X to display ads on Grok’s AI responses
Technology

EU launches fresh probe into X over Grok’s sexual deepfakes

The European Commission has launched a new formal investigation against the social media platform X under the Digital Services Act over sexual deepfakes. This is according to a statement published on the European Commission’s website. The move comes amid concerns that Grok was used to generate non-consensual sexually explicit images, prompting investigations and regulatory actions […]

EU rules out fee for tech giants under digital markets act
Travel

Finland to revoke non-EU students’ permits over social assistance

Finland is planning stricter immigration rules that could see the residence permits of non-European Union students cancelled if they receive basic social assistance from the state. The Ministry of Economic Affairs and Employment opened a public consultation on the draft law on January 16. This proposes a system that would allow authorities to automatically monitor […]

EU rules out fee for tech giants under digital markets act
Business

EU considers €93 retaliatory tariffs against US over Greenland dispute

The European Union is reportedly weighing tariffs totaling 93 billion euros (approximately $107.68 billion) or measures to limit American companies’ access to its market, in retaliation to United States President Donald Trump’s tariff threats over Greenland. Officials involved in the preparations said that the EU is drafting retaliatory measures to strengthen its negotiating position ahead […]

EU rules out fee for tech giants under digital markets act
Business

EU signs South America trade deal after 25 years of talks

The European Union and Mercosur on Saturday formally signed one of the world’s largest free trade agreements, concluding negotiations that have stretched over more than 20 years. European Commission President Ursula von der Leyen and European Council President Antonio Costa signed the accord in Asunción, Paraguay, a week after the EU gave its final approval […]

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