The Twitter office responsible for complying with European misinformation laws has been shut down after Elon Musk’s layo

Twitter has closed down its office in Brussels, the home of the EU, per the Financial Times. Its digital policy chiefs, who had been working to comply with new misinformation laws, left the company last week. The EU is now set to publish data which says Twitter is failing to combat disinformation. Twitter has closed … Read more

Russia Loses 90% of Its Key European Oil Market Before Sanctions

(Bloomberg) — With just two weeks to go until European Union sanctions come into force, Russia has already lost more than 90% of its market in the bloc’s northern countries, previously the mainstay of shipments from the Baltic and Arctic terminals.Russia shipped just 95,000 barrels a day to Rotterdam — its only remaining European destination … Read more

Tesla’s Chinese Rival Nio Juices Up Its European Expansion

Electric vehicle maker NIO Inc (NYSE: ) accelerated its European expansion, TechCrunch . The premium EV maker just launched its first power-swapping station in Varberg, Sweden, the company said in a LinkedIn . Nio differentiates itself from its rivals by offering swappable batteries, which are upgradable and charge a monthly subscription fee, on top of the traditional . Also Read:  … Read more

Indonesia asks European Commission, G7 to “provide support and flexibility” so G20 summit can produce declaration

NUSA DUA, Indonesia (Reuters) – Indonesian President Joko Widodo asked the European Commission and the G7 bloc to lend “support and flexibility” so that this week’s Group of 20 (G20) summit can produce a declaration, he said in a statement on Monday. “I want concrete results of the G20’s work, which the world awaits, to … Read more

Sweden’s EQT Ventures closes a its third fund at €1.1B to double down on European and early-stage startups

Startups might be in a funding midwinter, but the ray of sun shining on some VCs speaks of a different trend. , the venture fund arm of Sweden’s investment giant EQT making early-stage bets on startups primarily in Europe, has closed its latest fund and filled its coffers with 1 billion euros (and $1.1 billion … Read more

European Union opens ‘in-depth’ investigation into Microsoft’s purchase of Activision Blizzard

As expected, the European Commission will carry out a into Microsoft’s to buy Activision Blizzard. Following a preliminary probe, the European Commission announced Tuesday () it believes the deal may “significantly reduce competition” in a handful of areas, including the PC and console gaming markets, as well as among cloud gaming services. According to the … Read more

European Union lay outs data-sharing plan to boost transparency of p2p rentals

The European Commission has put forward proposed rules for short term rental platforms focused on boosting transparency and mandatory data-sharing — in what looks like a ‘softly does it’ approach to addressing concerns attached to the rise of vacation rentals on platforms like Airbnb. While p2p vacation rental platforms remain popular options for European citizens … Read more

BASF says European operations need to be cut to size ‘permanently’

FRANKFURT (Reuters) – BASF said costs at sites in its European home market need to be brought to a “permanently” lower level because of a triple burden of sluggish growth, high energy costs and over-regulation. “These challenging framework conditions in Europe endanger the international competitiveness of European producers and force us to adapt our cost … Read more

Juventus beats Empoli 4-0 ahead of crucial European match

TURIN, Italy (AP) — Juventus could be back on track after a dismal few weeks for the Bianconeri. Adrien Rabiot scored twice late on to add to goals from Weston McKennie and Moise Kean as they beat Empoli 4-0 on Friday for their second straight victory. Juventus was still seven points behind Serie A leader … Read more