Finance & Trade

EU Continues to Combat Overregulation by Revising the GDPR

April 03, 2025

In an effort to remain competitive in American and Chinese markets, the European Commission plans to makes significant cuts to the the General Data Protection Regulation ("GDPR").
EU Fines on Apple and Meta Expected

April 01, 2025

Under the European Union's Digital Markets Act ("DMA"), the EU is expected to fine Apple and Meta in the coming week for violating digital competition rules.
European Union Council Agrees to Delay Sustainability Reporting

March 31, 2025

In light of Europe's declining economy, the Council of the European Union has agreed to delay sustainability reporting requirements as part of an Omnibus Simplification Package related to the European Green New Deal.
U.S. Senate Proposes Legislation to Exempt American Companies from EU Sustainability Rules

March 17, 2025

Senator Bill Hagerty of the U.S. Senate Banking Committee has introduced the "PROTECT USA" Act, which would exempt U.S. companies from complying with the EU's Corporate Sustainability Due Diligence Directive ("CSDDD").
Trump Calls Out EU Regulations at WEF

February 04, 2025

National Review commends Trump's criticism of EU regulations and their effect on U.S. companies, but urges caution regarding retaliation, warning that excessive tariffs could "penalize American consumers and fail to address the policy issues at hand."
France Asks EU for Major Amendments to Sustainability Reporting Regulations

January 31, 2025

In a submission sent to the European Commission this week, France joins Germany in calling for the easing of the EU's "green reporting rules."
G7 Ministers Urge Implementation of Mandatory Climate Disclosure

April 19, 2023

The European Commission has proposed a directive on regulating 'Green Claims' laying out rules on the verification of voluntary environmental claims and environmental labels used by traders that market products to EU consumers.
EU Vote Ahead for Financial Firms on Human Rights ‘Due Diligence'

April 06, 2023

Financial services companies would be required to take action if their clients were failing to protect human rights and the environment, a preliminary deal due to be voted on later this month by a panel of European Union lawmakers.
Italian Privacy Regulator Bans ChatGPT over Alleged Privacy Violations

April 05, 2023

The Italian national data protection authority ordered a temporary ban on ChatGPT as it investigates OpenAI, the U.S. company behind the artificial intelligence tool, on their processing the data of Italian users and respecting the EU's landmark privacy law, the General Data Protection Regulation (GDPR).
France to Regulate Social Media Influencers in the name of Protecting Consumers

March 16, 2023

The French government has taken notice of the power and market value of social media influencers whose global worth was over €15 billion in 2022, setting a plan to regulate their commercial work, placing them under the same rules as traditional media.