Binance is suspending crypto services in several EU countries from next week after failing to secure regulatory authorization. The exchange withdrew its Greek license application and plans to reapply elsewhere, assuring users their funds remain safe.
Nintendo will release a new version of its Switch 2 console in the EU market with user-replaceable batteries to comply with upcoming EU regulations effective February 18, 2027. The company has not yet detailed design changes or confirmed availability outside the EU.
EU trade chief Maroš Šefčovič will meet China's trade envoy Li Chenggang in Paris on Thursday amid strained EU-China relations. The EU seeks to address a large trade deficit and Chinese overcapacity, with member states divided on policy.
Russian Duma Speaker Vyacheslav Volodin warned Armenia that it will face the same outcome as Ukraine regarding EU markets. He stated that despite Ukraine's integration with the EU, its agricultural products were not allowed into European markets due to strict and unfavorable tariff quotas, predicting a similar situation for Armenia.
European financial markets are reportedly still backing insurance for ships illegally transporting sanctioned Russian oil, despite EU sanctions. Lawmakers and analysts highlight complex intermediary networks and reinsurance arrangements that channel risk back to Western markets, complicating efforts to curb Russia's wartime revenue.
EU new car market grows 4.2% in first four months of 2026, with electric and hybrid vehicles dominating the market
Bitcoin fell below $78,000 on Monday, hitting $77,819 as the crypto market experienced approximately $295 million in liquidations over 24 hours. The decline tested the $77,000-$77,500 support zone while traders await the upcoming FOMC meeting on April 28-29. Analysts suggest the move appears to be a leverage flush rather than a broader risk-off event, though the trigger remains unresolved.
French liberal MEP Christophe Grudler has criticized the EU Commission's proposed 'Made in Europe' procurement rules as 'outdated,' arguing geography should be the guiding principle for determining which countries qualify. He wants to limit the provisions to EEA countries and Switzerland, while Germany and Nordic countries prefer a broader 'like-minded' approach. China has voiced strong opposition to the measure, which aims to counter foreign competition in strategic sectors including clean tech, cars, and energy-intensive industries.
French liberal MEP Christophe Grudler, who will lead negotiations on a “Made in Europe” law in the European Parliament, told Euronews the European preference proposed by the European Commission to counter foreign competition in the EU market extends too many non-EU countries.
