The summer months of June to August 2024 have been officially declared the hottest ever recorded globally. According to the European Union’s Copernicus Climate Change Service, this year’s summer season surpassed the heat records of previous years.
The European Union (EU) has made a move in the trade tensions with China by lowering its proposed tariffs on Tesla’s electric vehicles (EVs) manufactured in China. The EU had considered imposing a 20.8% tariff on Tesla’s Chinese-made cars, but after a reassessment based on the specific subsidies Tesla received, the EU has now reduced this rate to 9%.
The European Union’s AI Act has officially come into force on August 1, 2024. This legislation plans to govern how companies develop, deploy and use AI targeting large US tech giants and other businesses operating within EU market.
Apple has become the first company to be charged under the European Union’s (EU) new Digital Markets Act (DMA). The charges pertain to the company’s alleged unfair restrictions on developers within its App Store. The charges were announced by Margrethe Vestager, the European Commission’s executive vice president overseeing competition policy.
China and the European Union (EU) have agreed to initiate talks to discuss a series of planned tariffs on Chinese electric vehicles (EVs) imported into the EU. Discussions were held between EU Trade Commissioner Valdis Dombrovskis and Chinese Commerce Minister Wang Wentao.
Apple revealed that its Apple Intelligence AI product and other new features will not be available in the European Union (EU) throughout 2024. This decision was because of the strict requirements of the EU’s Digital Markets Act (DMA), which Apple believes could compromise the privacy and security of its users.
Tensions boiled over in Warsaw as Polish farmers vented their frustration against EU regulations and the flood of cheap agricultural goods pouring in from Ukraine. What started as peaceful protests quickly escalated into violent clashes with police.
European Council President Charles Michel has announced his decision to step down from his role. The 48-year-old Belgian politician, who has been at the helm of the EU Council since late 2019, revealed that he intends to run as a candidate in the European Parliament elections scheduled for June 2024.
On September 15, 2023, TikTok, the Chinese-owned short-video platform, ended up confronting a huge monetary mishap as it was fined a staggering €345 million (equivalent to $370 million) by the Data Protection Commissioner (DPC) in Ireland for breaching privacy laws related to the processing of children’s personal data within the European Union.
