European Union Business News from EUbusiness.com
The EU, Greenland and Denmark reinforced their partnership Monday with the signing in Greenland of a new Joint Declaration, and the announcement of a €200 million ‘Global Gateway Partnership Package’ to be invested in and with Greenland this year and the next.
The European Union on 3 August received €1.4 billion in windfall profits generated by the interest on the cash balances originating from immobilised assets of the Central Bank of Russia (CBR).
The EU and national authorities began enforcing the Artificial Intelligence Act on 2 August, as well as new transparency rules requiring certain AI systems to tell users when they are interacting with AI and when content has been generated or altered by it.
The European Commission has adopted measures to help farmers facing sharply rising fertiliser costs and to support Europe’s food security.
The EU Right to Repair Directive, which encourages sustainable consumption by making it easier to repair products instead of replacing them, came into force on 31 July.
The EU has launched a call for tenders to establish up to seven AI Gigafactories across Europe, as part of a latest push to accelerate Europe’s technological sovereignty and ambition of becoming the AI Continent.
The European Commission disbursed €3.47 billion to Ukraine Thursday, provided in response to its urgent military needs under the defence window of the EU’s €90 billion Ukraine Support Loan.
