The International Monetary Fund‘s executive board on Friday selected Bulgarian economist Kristalina Georgieva to serve as managing director for a second five-year term, starting on Oct. 1 this year, the global lender said. “The Board commended Ms. Georgieva’s strong and agile leadership during her term, navigating a series of major global shocks,” it said in … Read more
Precision game: Partial view of the special mirror systems used to activate laser at the ELI project in Romania. | Photo Credit: AFP In the control room of a research centre in Romania, part of the European Union’s Infrastructure ELI project, engineer Antonia Toma activates the world’s most powerful laser, which promises revolutionary advances in … Read more
European Commission President Ursula von der Leyen said on Sunday that Gaza was facing famine and there had to be a rapid ceasefire agreement in the war between Israel and Hamas. “Gaza is facing famine and we cannot accept this,” von der Leyen told reporters, speaking in Cairo after signing a strategic partnership agreement with … Read more
Challenging the European Union‘s digital content law, Pornhub, the leading adult entertainment platform, has asserted that it does not meet the criteria to fall under stricter regulations. The parent company, Aylo, announced on Thursday that Pornhub has filed a challenge with the General Court of the EU in Luxembourg, contesting its designation as a “very … Read more
Mumbai: European Union authorities have proposed amending norms on exposure to third-country clearing houses, a move that comes amid a protracted tussle between the Reserve Bank of India (RBI) and regulators from the continent on treating the primary domestic sovereign bond platform. ET has seen a document dated February 13 that showed the General Secretariat … Read more
The European Union will investigate whether ByteDance‘s TikTok breached online content rules aimed at protecting children and ensuring transparent advertising, an official said on Monday, putting the social media platform at risk of a hefty fine. EU industry chief Thierry Breton said he took the decision after analysing the short video app‘s risk assessment report … Read more
European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium. File | Photo Credit: Reuters EU member States and MEPs struck a preliminary deal on February 10 to ease the bloc’s stringent fiscal rules, giving Governments more time to reduce debt and incentives to boost public investments in climate, industrial policy and security. … Read more
India, Jan 19, 2024: “We need rules to ensure AI is being developed to serve humanity. But companies should not wait for regulation. They must take their own steps to identify and resolve the weaknesses and pitfalls of the AI they develop,” says Thomas Jensen, CEO of Milestone Systems, and continues: “When it comes to … Read more
File photo of a group of migrants who illegally crossed the border from Poland into Germany. European Union leaders and top officials hailed on December 20, 2023 a major breakthrough in talks on new rules to control migration. | Photo Credit: AP EU countries and lawmakers reached an agreement on Wednesday on an overhaul of … Read more
Senegal The voyage from the struggling Senegalese fishing town of Fass Boye to Spain’s Canary Islands, a gateway to the European Union where they hoped to find work, was supposed to take a week. But the wooden boat carrying 101 men and boys was getting blown further and further away from its destination. No land … Read more