EU takes aim at Chinese firms in proposed new Russia sanctions – sources

BRUSSELS, May 8 (Reuters) – The European Union’s executive has proposed blacklisting several Chinese companies and curbing exports to nations seen as involved in bypassing Russia trade restrictions under new sanctions against Moscow for the war against Ukraine. The 27 … Read More

EU lawmakers pass draft of AI Act, includes copyright rules for generative AI

After months of negotiations and two years after draft rules were proposed, EU lawmakers have reached an agreement and passed a draft of the Artificial Intelligence (AI) Act, which would be the first set of comprehensive laws related to AI … Read More

Europe’s most powerful nuclear reactor kicks off in Finland, helping country cut off energy ties from Russia

Finland’s much-delayed and costly new nuclear reactor, Europe’s most powerful by production capacity, has completed a test phase lasting more than a year and started regular output, boosting the Nordic country’s electricity self-sufficiency significantly. The Olkiluoto 3 reactor, which has … Read More

Europe Raises Interest Rates; What Will the Fed Do?

The ECB is ‘monitoring current market tensions closely and stands ready to respond as necessary to preserve price stability and financial stability.’ The European Central Bank lifted its key lending rate by 50 basis points Thursday, defying market forecasts that … Read More

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