European Union News

Europe Mulls New Tougher Rules for Artificial Intelligence

The European Union is considering new legally binding requirements for developers of artificial intelligence in an effort to ensure modern technology is developed and used in an ethical way. The EU’s executive arm is set to propose the new rules …

Bayer Dangles $5.6 Billion Olive Branch to Roundup Critics

Bayer AG will pump about 5 billion euros ($5.6 billion) of its research and development budget into alternatives to its weedkiller glyphosate over the next decade as it battles more than 13,000 lawsuits claiming the herbicide causes cancer. Trying to …

Loose Lips and FX Tips: How Chats Cost Banks $1.2 Billion

Talk may be cheap, but in currency traders’ chatrooms, at least, improper messages can be very expensive for their companies. In instant message groups with names such as “Semi Grumpy Old Men” and “Three Way Banana Split” up to nine …

U.K. Joins Social Media Crackdown After Live-Streamed Attack

The United Kingdom joined a growing global backlash against technology companies such as Facebook Inc. and Twitter Inc., proposing fines and bans if social-media platforms fail to curb illegal activity. The government outlined plans for an industry-funded regulator that would …

EU Pledges $620M for Railroad Technology

The executive arm of the European Union says it will give 450 million euros ($620 million) to a research program trying to develop new railroad technologies by 2020. The European Commission said in a statement Monday it will fund the …

New European Union Law to Limit Pilot Flying Hours

The European Parliament has voted for introducing a community-wide ceiling on flying hours for pilots and cabin crews. Lawmakers in Strasbourg on Wednesday backed legislation limiting the time in which pilots can be flying or on standby to 16 hours, …

Consumer Groups Worry U.S.-EU Trade Pact Will Weaken Health, Privacy Regulations

U.S. consumer groups plan to raise concerns on Wednesday about a proposed free trade agreement between the United States and the European Union, which they fear could weaken important government health, environmental and food safety regulations and undermine privacy on …

European Union to Help Guyana Fight Flooding Problem

The European Union is funding a study to help the South American country of Guyana control flooding. The EU said in a statement Saturday that it will help Guyana review its sea defense system, since most of the country’s population …

Police Agency: 3,600 Crime Gangs Active in EU

While the European Union’s citizens are struggling to cope with the economic crisis, the continent’s criminals are cashing in. The EU’s law enforcement agency Europol said Tuesday that some 3,600 organized crime gangs are exploiting the crisis and the increasingly …

European Union Approves $850M in Earthquake Aid for Italy

The European Union has approved $850 million to help Italy’s Emilia Romagna region recover from this year’s back-to-back earthquakes, despite its disagreement on other budgetary issues. Tuesday’s approval by the 27 member states came after pressure from the European Parliament, …