Several of Europe’s heavily indebted governments are facing a challenging year as they grapple with the reality of reducing borrowing while contending with political constraints. After years of unrestricted spending during the pandemic and soaring energy costs, 2024 was anticipated as a turning point for repairing public finances across countries like France and the UK….
Europe’s largest parking app operator, EasyPark Group, has voluntarily reported a security breach to information regulators in both the EU and the UK. The incident involved unauthorized access by hackers, resulting in the theft of customer information. EasyPark Group, which owns brands like RingGo and ParkMobile, disclosed that the compromised data included customer names, phone…
On December 8, a preliminary agreement was reached in Europe regarding significant European Union regulations concerning the utilization of artificial intelligence (AI), encompassing the governmental deployment of AI in biometric surveillance and the regulation of AI systems like ChatGPT. This political understanding marks a significant step, positioning the EU to potentially be the first major…
European banks are poised to enter the upcoming year with only a slightly reduced capital buffer, indicating their ability to sustain recent dividend distributions despite regulatory directives for increased reserves. According to calculations by Bloomberg, the top 10 banks that have disclosed their regulatory-mandated capital needs for the next year currently maintain an excess of…
