VENTURE CAPITAL POST

The largest banks in Europe, such as Santander, BNP Paribas, and Deutsche Bank, are set to report their earnings for the second quarter of 2024 this week following the announcement from the European Central Bank that it would not change its interest rates.

BYD, China's largest electric vehicle maker, has opened its first factory in Southeast Asia in Thailand, marking a strategic move into the region's growing EV market supported by government incentives.

The European Union's antitrust regulators are set to scrutinize Microsoft’s $13 billion investment in OpenAI, focusing on the exclusive use of Microsoft's cloud technology and its potential impact on competition.

Canada declared that it was considering tariffs on Chinese electric cars to support its allies, the US and EU.

China and the European Union (EU) have agreed to negotiate on proposed tariffs on Chinese EVs amid ongoing tensions.

Meta Platforms has postponed the European launch of its AI models after the Irish privacy regulator advised against using data from Facebook and Instagram users.

BYD continues to earn higher profits on its models in the EU than China despite the 17.4% tariffs on Chinese EV imports.

The Norwegian Consumer Council has filed a complaint against Meta over its plans to use the images and posts of users on Facebook and Instagram to train artificial intelligence (AI) models.

Japanese legislation penalizes digital corporations like Google and Apple that don't allow third-party applications and payment systems.

Most Chinese EV manufacturers' stock prices rose on Thursday morning after the EU proposed 38% higher tariffs.

The European Union is considering sanctions against Russia's Sovcomflot PJSC, a major oil-shipping company, aiming to curtail the Kremlin's financial support for its military actions in Ukraine.

Volvo has reportedly started moving production of EVs to Belgium in anticipation of the European Union's impending taxes on China-made cars.

A high EU court sided with Irish fast-food competitor Supermac's over McDonald's in a "Big Mac" trademark dispute.

Germany said that the European Commission has agreed to compensate power company LEAG with up to$1.90 billion for deciding to move away from coal by 2038.

Airbus CEO Guillaume Faury has called for Europe to increase its investment in defense production.