europe - CybAI news

14 Aug

EON Boosts Spending on Energy Transition as Europe Electrifies

stp2y0 CommentsRAG modelsDecarbonization, Earnings, europe, germany, Government, industries, infrastructure, Leonhard Birnbaum, Markets, regulation, Taxes, Technology, Utilities

EON SE ramped up investments more than 20% in the first half as the German utility expands a massive network of cables that’s helping to drive the energy transition. As one of Europe’s largest distribution-grid operators, EON plays a key role in the economy’s electrification. The continent aims to be climate-neutral by the middle of the century, an endeavor that requires a huge build-out of grids so that millions of clean-energy generators can be connected. Source link lol

13 Aug

Musk’s X Ordered to Pay Compensation to Dismissed Irish Employee

stp2y0 CommentsRAG modelsBarry Kenny, Culture, Elon Reeve Musk, Employment, europe, Ireland, Markets, social media, Social Network, Technology, TWITTER INC, United States

Elon Musk’s X has been ordered to pay compensation to a former staff member of its Irish unit in an unfair dismissal case.The social network platform formerly known as Twitter was ordered to pay out over €550,000 ($602,640) to the former employee, Ireland’s Workplace Relations Commission, the state body responsible for adjudicating employment disputes, said on Tuesday. It is the largest sum the agency has ever awarded, according to Irish broadcaster RTE. Source link lol

13 Aug

Shein Hires Former EU Official to Bolster Lobbying as IPO Nears

stp2y0 CommentsRAG modelschina, Christian Democratic Union of Germany, environment, europe, germany, IPOs, london, Markets, PDD HOLDINGS INC, policy, regulation, Technology

Shein has enlisted a former top European Union official to bolster its lobbying efforts across the region, taking a more active stance toward potential regulatory scrutiny as it plans a stock market debut in London.The online fashion retailer hired former EU budget commissioner Günther Oettinger as a consultant to help it navigate the bloc’s policy environment, a company representative said. Shein faces a raft of issues including a debate whether to impose customs duties on cheap parcels — a potential game-changer for Shein and other low-cost online retailers like PDD Holdings Inc.’s Temu. Source link lol

13 Aug

MTN, IHS Reopen Talks to Resolve Stand-Off on Governance Issues

stp2y0 CommentsRAG modelsEmerging Markets, europe, finance, France, MTN GROUP LTD, Ralph Tendai Mupita, South Africa, Technology, Voting Rights, WENDEL, Wireless

MTN Group Ltd., Africa’s largest wireless carrier by footprint, agreed to reopen talks with top continental tower operator IHS Holdings Ltd. in a bid to resolve governance issues that have placed a wedge between the companies for more than a year. MTN, which is IHS’s biggest shareholder, has sought voting rights in line with the 26% economic interest it owns in the tower company and wants more power to nominate board members, which IHS has pushed back on. Following a breakthrough in commercial talks that saw MTN and IHS renew tower leases of 26,000 sites across six African markets, negotiations…

13 Aug

Meta Faces Legal Challenge From Polish Billionaire Over Fake Ads

stp2y0 CommentsRAG modelsartificial intelligence, cryptocurrency, europe, INPOST SA, META PLATFORMS INC-CLASS A, Poland, Rafal Piotr Brzoska, regulation, social media, Technology, Twiggy Forrest

Polish billionaire Rafal Brzoska won an injunction temporarily banning Meta Platforms Inc. from publishing fake ads that use images of him or his wife Omena Mensah in Poland. Brzoska, the founder and chief executive officer of Amsterdam-listed InPost SA parcel locker company, said in an interview that the Polish Personal Data Protection Office’s three-month ban announced last week on ads that use images of him or his wife to lure people into fraudulent investment platforms was only the beginning. Source link lol

13 Aug

India Watchdog to Withdraw Report Accusing Apple of Market Abuse

stp2y0 CommentsRAG modelsAPPLE INC, apps, china, europe, Government, india, japan, regulation, smartphone, South Korea, Technology

Sign up for the India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly.India’s antitrust regulator will withdraw a report that found Apple Inc. abused its dominance of the domestic market, backtracking for now from its high-profile investigation into the US company. Source link lol

13 Aug

UK Energy Regulator Signs Off on £3.4 Billion Electricity ‘Superhighway’

stp2y0 CommentsRAG modelsconstruction, EASTERN SA, europe, finance, Government, Markets, North Sea, regulation, Scotland, Technology, United Kingdom

UK energy regulator Ofgem gave the green light to a £3.4 billion ($4.4 billion) funding package to build a proposed electricity “superhighway” under the North Sea.The project entails laying a 500-kilometer (311-mile) cable between Scotland and northern England to power as many as 2 million homes, the watchdog said in a statement on Tuesday. It’s the first of 26 projects in Ofgem’s fast-track funding process for offshore wind power. Source link lol

13 Aug

The Sleepy Czech Town Helping Europe Compete in the Global Chip War

stp2y0 CommentsRAG modelsA 2, Cold War, COMPETE, Czech Republic, economics, electric vehicles, Energy industry, europe, Government, Markets, ON SEMICONDUCTOR, politics, Technology, VOLKSWAGEN AG

The Czech town of Roznov pod Radhostem was best known for its rum-drizzled sweet pies and an open-air museum showing off historical wooden houses. Then came an announcement that stirred the sleepy backwater.US chipmaker ON Semiconductor Corp. picked Roznov for a new $2 billion manufacturing hubBloomberg Terminal in June. The past few weeks have seen a flurry of visits by property developers, the head of a local university and government officials followed around by television crews. Source link lol

12 Aug

Veon to Delist From Amsterdam Due to Volume and Costs, CEO Says

stp2y0 CommentsRAG modelsAmsterdam, environment, europe, Kaan Terzioglu, london, Moscow, regulation, russia, Technology, TP, US Dollar Spot

Telecommunications company Veon Ltd is delistingBloomberg Terminal from the Amsterdam stock exchange due to low liquidity for the stock in Europe and regulatory costs, according to its chief executive.The Nasdaq-listed firm announced its plan to delist from Euronext Amsterdam earlier this month. It hasn’t made a decision on whether it will shift its Amsterdam headquarters after the move, Kaan Terzioglu said in an interview. Source link lol

12 Aug

Vivendi’s Canal+ Increases Stake in Mauritian Pay-TV Company

stp2y0 CommentsRAG modelsConsumer Confidence, entertainment, europe, Indian Ocean, Indian Rupee Spot, Johannesburg, Markets, Mauritius, MULTICHOICE GROUP LTD, regulation, Technology, VIVENDI SE

Vivendi SE’s Canal+ plans to double its stake in MC Vision to become the majority shareholder of the Mauritian-based digital Pay-TV company, as the French firm seeks to boost its presence on the continent.Canal+ will increase its stake to 75% from 37% for an undisclosed amount, pending regulatory approvals, according to a joint statement published in Le Dimanche/L’Hebdo newspaper. Source link lol