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Why EU legislators are fighting to limit ChatGPT, generative AI

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Generative AI was not a major component of the plans for regulating ChatGPT and other artificial intelligence technologies by EU legislators until just a...

Latest Barclays update: glimpse at Whatsapp inquiry

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Barclays (BARC.L) set aside $200 million to recoup the expenditure in its half-year results on Thursday, joining a number of other European banks feeling...

European shares tumble in global selloff

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European stocks slumped to mark a third week of losses. This is as jitters over monetary policy tightening by central banks this year. Weak economic...

EU looking to relax the rules of cutting-edge chip plant

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The European Union may ease state-aid rules. This is to allow the funding of new chip plants for tackling the shortages in the bloc....

EU pledges faithful application of global bank capital rules

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The European Union published draft laws to faithfully implement the final batch of tougher global bank capital rules from 2025. After the initial rules, banks in Europe...

New direction data protection reform

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The UK government launched its consultation on reforms to the UK’s data protection laws. The consultation paper, titled ‘Data: a new direction’, runs to 146...

Shares lifted by prospect of lower rates

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Their longest winning streak in three months were posted by the Global shares. This is aided by the chance of low interest rates for...

With European recovery in sight, property investors bank on the office

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Property investors are betting that demand for office space in Europe will rise as COVID vaccinations are rolled out and people return to work....

EU leaders to commit to finishing banking union one day

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European leaders will promise to complete the EU’s banking union in the future, but will leave it to their finance ministers to work out...

Trust comes before EU access for city of London

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The European Union is not intent on stealing business from the City of London. EU financial services chief Mairead McGuinness said that the future...