EU regulation News

Google to Be Hit With EU Charges of Breaching Big Tech Rules, Sources Say

Alphabet unit Google is set to be charged with breaching EU rules aimed at checking the power of Big Tech after proposed changes to its search results failed to address the EU antitrust regulator’s concerns and those of its rivals, …

Top EU Privacy Regulator Opens Probe Into Google’s AI Compliance

The top EU privacy regulator opened an inquiry on Thursday into whether search engine giant Google adequately protected European Union users’ personal data before using it to help develop its foundational AI Model. Ireland’s Data Protection Commission (DPC), the lead …

EU Commission Eyeing Exemptions for ‘Forever Chemicals’ Ban, Letter Shows

The European Commission is planning to allow exemptions from a proposed ban on substances known as PFAS, or “forever chemicals,” to protect key industries, a letter seen by Reuters on Wednesday showed. In the letter to some EU lawmakers in …

Apple, Meta, Google to Face EU Digital Markets Act Probes: Sources

Apple, Meta Platforms and Alphabet’s Google are set to be investigated for potential violations of the European Union’s Digital Markets Act (DMA) that could lead to hefty fines by the end of the year, according to people with direct knowledge …

EU Lawmakers ‘Outraged’ After States Block Landmark ESG Law

A European Union law designed to clean up corporate supply chains has been derailed by the bloc’s biggest member states, forcing negotiators back to the drawing board on one of the most consequential pieces of ESG legislation ever attempted. The …

Banks, Insurers Targeted as Climate Group Seeks EU Review of Deforestation Rule

Climate activists are putting pressure on the European Union to reconsider its decision to exclude banks from a landmark deforestation rule, in a move designed to preempt an official review of the regulation next year. UK-based nonprofit Global Canopy says …

EU Lawmakers Approve Tougher Penalties for Environmental Crimes

The European Parliament on Tuesday approved tougher penalties for environmental crimes such as illegal timber trade, with offenses punishable by up to 10 years in prison and company directors prosecuted for corporate wrongdoing. “It is about time we fought cross-border …

EU Agreement on ESG Ratings Seen as World’s Toughest

A provisional agreement in the European Union setting guardrails around the ESG [environmental, social, and governance] ratings industry is being hailed as the world’s toughest. The plan goes “much further than any of the other regimes we have seen internationally,” …

Banks, Insurers Temporarily Dodge Full Impact of EU’s Harshest ESG Law to Date

The finance industry will be shielded from the full scope of the European Union’s most consequential piece of ESG legislation to date, as the bloc settles on a compromise to help it get the bill over the finish line. Under …

EU Watchdog Cautions Against One-Size-Fits-All Rules for Non-Bank Financial Sector

Regulators should keep on open mind when writing rules for the world’s $239 trillion “non-bank” financial sector to avoid one-size fits all approaches, the EU’s top securities watchdog said. Non-banks, a sector which includes hedge funds, real estate funds, insurers …