Page 46 - Europe

UK: TikTok may face $29 million fine over children's data protection

TikTok could face a 27 million-pound (USD 29 million) fine in the UK over a possible breach of UK data protection law by failing to protect children's privacy when they are using the video-sharing platform. The UK Information Commissioner's Office said Monday that it has issued the social media company a legal document that precedes a potential fine. It said TikTok may have processed the data of children under 13 without appropriate parental consent, and processed special category data without legal grounds to do so. The commissioner said special category data included ethnic and racial origin, political opinions, religious beliefs and sexual orientation. It also said TikTok may have failed to provide transparent, easily understood information to its users. The legal document covered the period from May 2018 to July 2020. Information Commissioner John Edwards said the body's provisional view was that TikTok fell short of providing proper data privacy protections. The body said its

Europe's energy crisis: The looming winter of discontent that awaits India

Europe's bid to reduce its dependence on Russian gas ahead of the cold season will put pressure on prices and impact India's growing gas economy

EU candidate Serbia and Russia sign agreement on foreign policy matters

Serbia has signed an agreement with Russia for mutual consultations on foreign policy matters, the Balkan country's media reported on Saturday. Serbian Foreign Affairs Minister Nikola Selakovic signed the agreement on Friday along with Russian Foreign Minister Sergey Lavrov on the sidelines of the UN General Assembly meeting in New York, where most Western delegations shunned Russia's top diplomat over the country's invasion of Ukraine. The consultation plan covered by the agreement is expected to last for two years, Serbia's foreign ministry said in a Friday statement. Serbia officially is a candidate for European Union membership, but the government maintains relations with Russia. Although Serbia said it supports Ukraine's territorial integrity, the government has repeatedly refused to join Western sanctions against its Slavic allies in Moscow. Aligning foreign policies with the EU is one of the main pre-conditions for joining the 27-nation bloc, but Serbia has increasingly defie

Europe energy crisis to last more than a winter amid tight supply: Analyst

Russia's invasion of Ukraine upended energy flows and rippled through global markets, driving up natural gas prices and forcing drastic measures such as Germany nationalizing its biggest importer

Swiss National Bank ends Europe's sub-zero rate era with 75 bps hike

The Swiss National Bank raised interest rates by 75 basis points to bring borrowing costs above zero for the first time in almost eight years, following recent moves in the euro region

UK unveils $45-billion energy bill bailout for businesses in Europe

"We'll ensure the most vulnerable businesses continue to be supported after that," said British PM Liz Truss

Germany takes over Uniper for $8 billion amid Europe's energy crisis

Germany also took control of a Russian-owned oil refinery, which supplies 90% of capital's fuel, putting a Rosneft unit under the trusteeship of industry regulator and taking over Schwedt plant

Medical agency urges Europe to prepare for new Covid wave ahead of autumn

The European Medicines Agency (EMA) said that despite a fall in the number of Covid-19 cases across the continent, the pandemic is not over yet and countries should prepare for a new wave

Russia to flood Asia with fuels as Europe ramps up sanctions: Report

Moscow plans to raise taxes on energy sector to the tune of $50 bn in 2023-25

European Union seeks emergency powers to prevent supply-chain crisis

The proposal is expected to face strong pushback from businesses and some EU countries

Bitcoin touches 3-month low; Ether extends fall since 'Merge' update

Investors are bracing for volatility from the jumbo Federal Reserve interest-rate hike expected Wednesday to fight price pressures.

German Chancellor Olaf Scholz betting billions of euros on securing energy

Scholz's strategy adds pressure on the country's finances at a time when Germany already risks tipping into recession

Gas-starved Europe's revival of coal plants spells bad news for India

Coal consumers in India are taking evasive action to save their balance sheets

Hungarian PM slams European Parliament for 'attacks' amid energy crisis

Hungarian Prime Minister Viktor Orban's right-wing Fidesz party slammed the European Parliament (EP) for "being occupied with attacking Hungary even in the midst of the current crises"

17 mn in Europe experienced long Covid; WHO urges nation to find solution

At least 17 million people in the World Health Organisation (WHO) European Region experienced the post-Covid-19 condition, or long Covid, in the first two years of the pandemic

Putin will love seeing lots of western Europeans protest this fall

This fall, civil unrest is likely to heat up in 101 countries (out of 198 monitored), according to an index developed by Verisk Maplecroft, a research firm

An $83 billion investor stampede shows scale of Europe's woes

Europe's woes have grown particularly acute in recent months as the region stares down the threat of a recession just as its central bank embarks on an aggressive campaign to tame inflation

Price cap won't largely affect Russian gas supply, says Estonian minister

Any price cap EU countries might set on gas from Russia probably won't make a large difference on the supply of it to Europe, Estonia's energy minister said

Europe waits on potentially record ECB rate hike to fight inflation

The euro slipped 0.19% to $0.99885, after hitting a 20-year low of $0.9864 earlier in the week

Russia gas price cap political agenda, no focus on EU energy crisis: Prague

The Czech Republic, which currently holds the rotating Presidency of the Council of the European Union wants to remove capping Russian gas prices from the agenda of this Friday's meeting