Eurozone banks need a digital euro in response to U.S. President Donald Trump's efforts to promote a stablecoin, a cryptocurrency usually pegged to the U.S. dollar, European Central Bank board member Piero Cipollone said on Friday. That would help lure more customers away from banks and strengthen the case for the ECB to launch its own digital currency.
The European Union Commission has completed its investigation into social media platform X and will decide to fine it millions of euros.
According to the German business newspaper, the European Union Commission has completed its investigation of social media platform X and will decide to fine it millions of euros. (Jin Ten)
At the World Economic Forum in Davos, Switzerland, Trump blasted European Union regulators for targeting Apple (AAPL. O), Google (GOOG. O) and Meta (META. O), calling the European Union's charges against U.S. companies "a form of taxation." The European Union's strict regulation of big tech companies is known around the world, often sparring with major social media platforms such as Facebook and X over content moderation and clashing with companies such as Apple and Google over antitrust issues....
On January 22nd, the European Central Bank Governing Council Knott said that the obstacles to another interest rate cut next week are very small. The data is encouraging and confirms that we will return to our target. (Golden Ten)
European Central Bank Governing Council Member Knott said there are few obstacles to another interest rate cut next week. The data is encouraging and confirms that we will be back on target and hope to see the economy recover before making further judgments. (Golden Ten)
President Trump: The European Union will face tariffs.
Trump said he would impose tariffs on European Union goods.
The main contract of the container shipping index (European line) rose by more than 8.00% during the day and is now trading at 1356.0 points.
The European Union Commission issued a communiqué on the 17th that it has taken additional investigation measures against the social media platform X (formerly known as Twitter) owned by American entrepreneur Elon Musk to evaluate whether the platform's recommender system complies with the relevant provisions of the European Union's Digital Services Act. The European Union Commission requires the X platform to provide internal documents of its recommender system by February 15, 2025, as well as...
On January 17, the European Union Commission took three additional technical investigative measures against the recommender system of the "X" platform. On December 18, 2023, the European Union announced the launch of a "formal lawsuit" against the social media platform "X" to assess whether it violated the European Union's Digital Services Act (DSA) in areas such as risk management and content moderation. The current additional investigation is in addition to previous lawsuits. The European Unio...
Traders upped their bets that the ECB will cut rates by 100 basis points this year.
The main contract of the container shipping index (European Line) fell by 8.00% during the day and is now trading at 1169.6 points.
Domestic news: 1. The Ministry of Commerce responds to the United States' release of artificial intelligence export control measures: It will take necessary measures to resolutely safeguard its legitimate rights and interests. 2. The Securities Supervision Commission held a system work conference in 2025, adhered to the word stability, and made every effort to form and consolidate the momentum of market stability and improvement. 3. The General Office of the State Council issued "Several Measure...
According to JPMorgan analysts, the European Union's landmark Crypto Asset Market (MiCA) regulation, which comes into effect on December 30, 2024, could boost the market share of euro-pegged stablecoins. Currently, euro-pegged stablecoins account for only 0.12% of the stablecoin market share, but MiCA could improve the situation by encouraging European Banks and Financial Institutions Groups to adopt euro stablecoins for customer demand and blockchain-based financial settlements, JPMorgan analys...