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In a significant development for the mobile payment industry, Apple Inc. will now allow third-party mobile wallet and payment service providers access to the contactless payment function on its iOS operating system. This decision comes after a prolonged investigation by the European Commission into Apple’s business practices regarding its Near Field Communication (NFC) technology. Margrethe Vestager, Executive Vice President of the European Commission, made the announcement on Thursday, highlighting the implications of this change for competition and consumer choice. From now on, competitors w...
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BNP Paribas has entered a comprehensive partnership with Mistral AI to implement large language models (LLMs) across customer support, sales, and IT sectors. This deal expands their collaboration, which began in September, to cover all current and future commercial models. BNP Paribas aims to enhance operational efficiency by integrating Mistral AI’s generative AI technology. Customer support will benefit from more efficient and accurate responses, sales teams will gain tools for better client engagement, and IT departments will streamline processes through advanced automation. Mistral AI: The...
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Meta, the parent company of Instagram, has partnered with Vodafone to enhance the delivery of short-form video content across 11 European mobile networks. This collaboration aims to free up network capacity without compromising the viewing experience. Video demand drives data usage growthThe demand for video on platforms like Instagram, TikTok, and YouTube has significantly increased data usage on mobile networks. According to Ericsson’s 2024 Mobility Report, global mobile traffic grew by 25% in the year leading up to Q1 2024, with video accounting for 73% of all mobile traffic by the end of 2...
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Greece has controversially introduced a six-day working week for certain businesses in a bid to boost productivity and employment in the southern European country. The regulation, which came into force on 1 July, contrasts with a global trend of companies exploring shorter working weeks. Extended hours for specific sectorsUnder the new legislation, employees of private businesses that provide round-the-clock services will have the option of working an additional two hours per day or an extra eight-hour shift. This change means a traditional 40-hour workweek could extend to 48 hours for some bu...
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China’s BYD saw a 21% increase in second-quarter electric vehicle (EV) sales, narrowing the gap with Tesla. The Warren Buffett-backed company said late Monday that it sold 341,658 vehicles during June, compared with 331,817 a month earlier and 253,046 in June 2023. BYD vs TeslaBYD sold a total of 426,039 EVs from April to June, just 12,000 vehicles shy of Tesla’s estimated deliveries for the same period. Tesla is expected to report a 6% decline in vehicle deliveries for the April-June quarter on Tuesday. This marks the first time the U.S. firm could see two consecutive quarters of declining de...
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Headline inflation in the euro area eased to 2.5% in June, as reported by the European Union’s statistics agency on Tuesday. This figure matched the expectations set by economists in a Reuters poll. In contrast, May’s inflation had been slightly higher at 2.6%. Core inflation remains steadyWhile headline inflation showed a slight decline, core inflation, which excludes volatile items such as energy, food, alcohol, and tobacco, remained steady at 2.9%, just missing the forecast of 2.8%. The rate of price increases in the services sector also held firm at 4.1%. Implications for interest ratesThe...
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Circle, la société derrière USD Coin (USDC), a franchi une étape importante en devenant le premier émetteur mondial de pièces stables à se conformer au cadre réglementaire des marchés de crypto-actifs (MiCA) de l’Union européenne. On Monday, the company announced it has been granted an electronic money institution (EMI) license by France’s banking regulator, the Autorité de Contrôle Prudentiel et de Résolution (ACPR). Cette licence permet à Circle d’émettre ses jetons USDC et Euro Coin (EURC) conformément aux obligations réglementaires strictes de MiCA en matière de stablecoin, faisant de Circ...
Invezz - FR
Circle, la compañía detrás de USD Coin (USDC), ha logrado un hito importante al convertirse en el primer emisor global de monedas estables en cumplir con el marco regulatorio de Mercados de Criptoactivos (MiCA) de la Unión Europea. El lunes, la compañía anunció que el regulador bancario de Francia, la Autoridad de Resolución y Control Prudencial (ACPR), le había concedido una licencia de institución de dinero electrónico (EMI). Esta licencia permite a Circle emitir sus tokens USDC y Euro Coin (EURC) de conformidad con las estrictas obligaciones regulatorias de monedas estables de MiCA, lo que ...
Invezz - ES
Circle, das Unternehmen hinter USD Coin (USDC), hat einen bedeutenden Meilenstein erreicht, indem es der erste globale Stablecoin-Emittent wurde, der den regulatorischen Rahmen der Europäischen Union für Märkte für Krypto-Assets (MiCA) einhält. Am Montag gab das Unternehmen bekannt, dass es von der französischen Bankenaufsichtsbehörde Prudential Control and Resolution Authority (ACPR) eine Lizenz für ein E-Geld-Institut (EMI) erhalten hat. Diese Lizenz ermöglicht es Circle, seine USDC- und Euro Coin (EURC)-Token in Übereinstimmung mit den strengen regulatorischen Verpflichtungen von MiCA für S...
Invezz - DE
La tasa de inflación anual de Alemania en junio de 2024 cayó al 2,2 % desde el 2,4 % registrado en mayo, que se ubicó por debajo de las expectativas del 2,3 %, según estimaciones preliminares. Durante este lapso, se registró una disminución significativa en la inflación de bienes (0,8% en comparación con 1%), mientras que los costos energéticos disminuyeron (-2,1% en comparación con -1,1%) y los precios de los alimentos aumentaron significativamente (1,1% en comparación con 0,6%). Sin embargo, la inflación en servicios permaneció estable en un 3,9 %. La tasa de inflación subyacente, excluyendo...
Invezz - ES
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