"The current administration has signaled that it is very pro-business and wants to make it as easy as possible for these new fintech business models such as prediction markets and crypto to operate."
Ryanair has been conducting a tireless crackdown on passengers who try to take bags larger than the stated maximum dimensions on to its aircraft for free. According to CEO Michael O'Leary, the number of passengers with oversized bags has gone way down since the implementation of these strict measures.
FirstRand has criticized the regulator's intervention into the car finance market as 'disproportionate and unfair', warning that it will now be forced to pay out as much as £750 million to motorists who were mis-sold finance deals.
Kalshi may brand itself as a 'prediction market,' but what it's actually doing is running an illegal gambling operation and taking bets on Arizona elections, both of which violate Arizona law. No company gets to decide for itself which laws to follow.
The new checks, part of the EU's new Entry/Exit System (EES), collect digital personal records of third country nationals travelling to the Schengen area and replace the manual stamping of passports.
Yesterday (Jan. 20), the Commission unveiled its revised Cybersecurity Act proposal after months of behind-the-scenes negotiations that reportedly caused substantial friction between officials and member states. This sweeping update introduces measures to identify and potentially exclude "high-risk" third countries and companies from Europe's critical digital infrastructure across 18 essential sectors, including energy systems. As cybersecurity threats continue rising since the original Act took effect seven years ago, the EU is essentially drawing new battle lines in the global tech landscape.
The European Central Bank said Friday it had fined French bank Credit Agricole €7.55 million ($9 million) for failing to properly identify climate change-related risks that could affect its balance sheet. "Credit Agricole did not sufficiently assess the materiality of its climate-related and environmental risks" by a deadline set after an investigation in 2024, the ECB said in a statement, adding the bank was late by "75 full days".
Starting Jan. 1, 2026, updated reporting obligations require crypto platforms operating in the EU or serving EU users to provide detailed information on users and their transactions to tax authorities. This change aligns digital assets more closely with the transparency requirements long established in conventional finance.
GDPR fines pushed past the £1 billion (€1.2 billion) mark in 2025 as Europe's regulators were deluged with more than 400 data breach notifications a day, according to a new survey that suggests the post-plateau era of enforcement has well and truly arrived. The figures come from the latest GDPR Fines and Data Breach Survey published by DLA Piper, which puts total fines issued across Europe last year at roughly £1 billion (€1.2 billion), up from £996 million in 2024. While that year-on-year increase is modest, regulators have now handed down €7.1 billion (£6.2 billion) in penalties since GDPR came into force in May 2018.