Thousands of motorists could be forced to pay a hefty daily rate if major rule changes affecting London’s congestion charge are introduced next year. The Transport for London website states that only battery electric vehicles or hydrogen fuel cell vehicles are eligible for the cleaner vehicle discount. However, the discount for cleaner vehicles under the … Read more
Launched in 2018 by crypto company Circle, USDC is now the world’s second-largest stablecoin, with over $30 billion worth of tokens in circulation. Nurphoto | Getty Images Cryptocurrency firm Circle reported Monday that it has now registered as an electronic money institution (EMI) in France, a key license for the company to become a compliant … Read more
Launched in 2018 by crypto company Circle, USDC is now the world’s second-largest stablecoin, with over $30 billion worth of tokens in circulation. Nurphoto | Getty Images Cryptocurrency firm Circle reported Monday that it has now registered as an electronic money institution (EMI) in France, a key license for the company to become a compliant … Read more
Topline Facebook and Instagram parent company Meta broke Europe’s strict digital competition rules by forcing users to “pay or consent” to share personal data, the European Commission said Monday. The breach could cost the company billions of dollars and comes just a week after the powerful regulator clamped down on iPhone giant Apple for stifling … Read more
A European Commission investigation has found that Meta’s ‘pay or consent’ offer to Facebook and Instagram users in Europe does not comply with the bloc’s Digital Markets Act (DMA), according to preliminary findings released by the regulator on Monday reported. The Commission wrote in a press release that the binary choice offered by Meta “forces … Read more
Crossing the road used to be relatively easy. Now there is confusion. Some pedestrians walk quietly in front of cars, thinking they have the right of way – and that may well be the case. Some drivers stop respectfully and – rightly – beckon anyone on foot to cross unhindered. Other motorists honk angrily when … Read more
Tether, Circle and other major stablecoin issuers will soon be on the phone in the European Union. With the new rules coming into effect on June 30, they will not only need the proper authorization to operate in the 27-nation trading bloc, but will also have to deal with the strict limits on transaction numbers … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. Brussels has accused Apple of stifling competition in its App Store, marking the first time EU regulators have filed charges against a Big Tech group under new digital rules. The European Commission has been preparing … Read more
A bed shop boss has blamed traffic congestion and new EU border rules for the closure of his store after just two years of trading. Steve Pickering opened Sussex Beds on St James Retail Park in Dover after identifying the site’s “great potential”. Steve Pickering, CEO of Sussex Beds, says he has made the “difficult … Read more
Described at the time as the ‘biggest change in the history of the oil market’, the International Maritime Organization (IMO) imposed new standards on January 1, 2020 to reduce the sulfur content of their fuels from 3.5% to 0.5%. The rule change resulted in an 80% reduction in sulfur dioxide emissions, a team of scientists … Read more