By Christopher Thompson About 2.8 planets would be needed if rest of world followed suit, biocapacity data shows Europe is using up natural resources so quickly that the planet’s ability to replenish itself over the year would be exhausted by this Friday if everyone consumed as much, a new analysis has found. It would take […]

The European Banking Authority (EBA) has recommended further research into cryptocurrency and will perform “a number of actions” relating to the sector in 2019. The agency has said this in its latest report published Jan. 9. In the document, which focuses on the “applicability and suitability of European Union law to crypto-assets,” the EBA appeared broadly unhurried about developing new regulatory […]

BERLIN/FRANKFURT/MUNICH – Volkswagen (VOWG_p.DE) may have to step up its plans for mass production of electric vehicles in order to meet tougher-than-expected European targets to cut greenhouse emissions from cars, its chief executive said on Tuesday. The remarks came after the European Union agreed on Monday to cut CO2 emissions from cars by 37.5 percent […]

Theresa May has said it is still possible to get the assurances MPs need to back her Brexit deal, despite EU leaders ruling out any renegotiation. At a summit in Brussels, the UK PM said there was “work to do” but talks on “further clarification” would continue. She admitted a “robust” discussion with European Commission […]

Electronics giant Samsung has filed applications for three blockchain-related trademark requests for smartphones. Based on the descriptions provided by the company, the three European trademark requests relate to providing crypto custody services on smartphones, which indicates that Samsung may be planning to make its entry into the ‘blockchain smartphone’ market following the recent release of HTC’s Exodus […]

Prime Minister Theresa May has called off Tuesday’s crucial vote on her Brexit deal so she can go back to Brussels and ask for changes to it. As it stands the deal “would be rejected by a significant margin” if MPs voted on it, she admitted. But she said she was confident of getting “reassurances” […]

A no deal Brexit could send the pound plunging and trigger a worse recession than the financial crisis, the Bank of England has warned. It said the UK economy could shrink by 8% in the immediate aftermath if there was no transition period, while house prices could fall by almost a third. The Bank of […]

A group that advises the European Securities and Markets Authority (ESMA) –  the EU’s securities watchdog – has recommended regulating most cryptocurrencies and ICO tokens under existing financial rules, but said more clarification is needed. In a report dated Oct. 19, the Securities and Markets Stakeholders Group (SMSG) said that, since transferable crypto assets used in payments (such as […]

Russia’s Foreign Minister has hit out at the UK saying they used the EU to facilitate sanctions against Russia in the wake of the Novichok scandal. Sergey Lavrov’s criticism came hours after the EU unveiled a sanctions regime that could target people and entities worldwide who create or deploy chemical weapons. “It’s very funny how, […]

UK Prime Minister Theresa May has said the EU must treat the UK with more “respect” in Brexit negotiations. In a statement at Downing Street she said for EU leaders to reject her plan with no alternative at this “late stage of negotiations” was “not acceptable”. She said talks had reached an “impasse” and could […]