The European Commission has escalated its regulatory offensive against Big Tech, launching a formal antitrust investigation into Google’s alleged use of web publisher and YouTube content to train its artificial intelligence services without fair compensation or consent. This probe, the second against Google in a month, centers on whether the tech giant is exploiting its dominant market position to gain an unlawful competitive edge in the burgeoning AI sector, forcing publishers into a stark choice between free usage of their content or search engine obscurity.
about EU Launches Antitrust Probe Into Google's AI Training PracticesEuropean Commission
0 in Finance and 0 in Crypto last weekEU’s ESMA Expansion Could Slow Crypto Licensing, Experts Warn
The European Commission’s proposal to grant the European Securities and Markets Authority (ESMA) direct supervisory powers over crypto and fintech firms is sparking concerns among legal experts. They warn that centralizing licensing authority could slow down approvals and hinder startup innovation in the region. The move is seen as an effort to transform ESMA into a European version of the U.S. SEC.
about EU's ESMA Expansion Could Slow Crypto Licensing, Experts WarnEU Expands ESMA Powers Over Crypto Firms Under MiCA
The European Commission has proposed a significant expansion of the European Securities and Markets Authority’s (ESMA) powers, aiming to centralize direct supervision of crypto-asset service providers (CASPs) and key trading infrastructure. This move, part of a broader package to streamline EU financial markets, is explicitly designed to narrow the competitive gap with the United States by creating a more harmonized and robust regulatory environment for digital assets under the Markets in Crypto-Assets (MiCA) framework.
about EU Expands ESMA Powers Over Crypto Firms Under MiCAUS Futures Steady, Trump Eyes Treasury’s Bessent for Dual Role
US equity futures are holding gains as markets await fresh labor market data, reflecting cautious optimism among investors. In a significant political development, President Trump’s aides are reportedly considering Treasury Secretary Scott Bessent to lead the White House National Economic Council while retaining his current role, a move contingent on Kevin Hassett becoming the next Federal Reserve chair. Meanwhile, the European Commission has launched a full-scale antitrust investigation into Meta over AI features in WhatsApp, signaling heightened regulatory scrutiny. Market analyst Mark Malek of Siebert Financial also weighs in on how the rise of AI could influence Treasury yields, adding a critical layer to the day’s financial narrative.
about US Futures Steady, Trump Eyes Treasury's Bessent for Dual RoleEU May Ease AI Act Rules Under US, Big Tech Pressure
The European Union is considering a significant regulatory retreat on its landmark artificial intelligence legislation, with plans to potentially pause key provisions of the AI Act following intense pressure from US government officials and major technology corporations. According to Financial Times reporting, the European Commission will decide on November 19 whether to implement a “simplification package” that would grant generative AI providers substantial compliance relief and delay enforcement mechanisms, marking a notable concession to industry concerns about the strict requirements of Europe’s pioneering digital rulebook.
about EU May Ease AI Act Rules Under US, Big Tech PressureEU’s ESMA Expansion Plan Sparks Crypto Regulation Debate
The European Commission’s proposal to extend ESMA’s authority over cryptocurrency markets is generating heated discussion across Europe. While critics warn it could hamper innovation in the crypto and fintech sectors, some policy experts see potential benefits in the centralized approach. The draft plan is expected to be published in December, potentially creating a regulatory framework more similar to the US Securities and Exchange Commission.
about EU's ESMA Expansion Plan Sparks Crypto Regulation DebateEU Proposes Central Crypto & Stock Exchange Oversight
The European Union is drafting landmark legislation to centralize oversight of cryptocurrency and stock exchanges under ESMA. This move aims to create more competitive capital markets and reduce barriers for startups. The proposal represents a significant shift from the current fragmented regulatory landscape.
about EU Proposes Central Crypto & Stock Exchange OversightEU Sanctions Target Russian Crypto Payments in 19th Package
The European Union has escalated its financial warfare against Moscow by directly targeting cryptocurrency platforms for the first time since Russia’s invasion of Ukraine began. The landmark 19th sanctions package specifically prohibits Russia-based crypto payment providers and related software distribution across the bloc, responding to evidence that Russian oil companies have increasingly relied on digital assets to circumvent financial restrictions. This represents a significant evolution in the EU’s sanction strategy as it confronts Moscow’s growing sophistication in financial evasion tactics.
about EU Sanctions Target Russian Crypto Payments in 19th PackageESMA Seeks Direct Crypto Oversight Under MiCA Framework
The European Securities and Markets Authority is moving to take direct control of cryptocurrency oversight across the EU, marking a significant centralization of regulatory power. This fundamental shift aims to address fragmented supervision and align with the newly implemented Markets in Crypto-Assets framework, representing the most substantial consolidation of financial authority since MiCA’s introduction.
about ESMA Seeks Direct Crypto Oversight Under MiCA FrameworkEU Targets Russian Crypto in New Sanctions Package
The European Union has unveiled groundbreaking sanctions directly targeting cryptocurrency transactions with Russian residents. This marks the first time digital asset platforms have been explicitly included in EU financial restrictions against Russia. The measures form part of the bloc’s 19th sanctions package announced on Friday, representing a significant escalation in financial pressure against Moscow.
about EU Targets Russian Crypto in New Sanctions PackageUnichem Labs Shares Drop 5% on EU Fine Demand Notice
Shares of Indian pharmaceutical company Unichem Laboratories Ltd plunged nearly 5% on Friday after receiving a demand notice from the European Commission for a €19.49 million fine related to competition law violations in the Perindopril medication case dating back to 2005. The penalty, comprising €13.97 million in principal and €5.52 million in interest, represents a significant financial blow to the Mumbai-based drugmaker as it reviews legal options while markets react to the unexpected liability.
about Unichem Labs Shares Drop 5% on EU Fine Demand NoticeFrance Defies EU Fiscal Rules, Barclays Economist Warns
Silvia Ardagna, Head of European Economics Research at Barclays, stated that France is likely to disregard the European Commission’s fiscal consolidation guidelines despite ECB President Christine Lagarde’s insistence on compliance. Ardagna highlighted a conflict between political stability and fiscal discipline, predicting the French government will weaken former Prime Minister’s proposals to avoid instability. The remarks, made on Bloomberg TV’s The Opening Trade on September 11, underscore growing tensions between EU fiscal expectations and national political realities in France.
about France Defies EU Fiscal Rules, Barclays Economist Warns