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EU to probe TikTok faces over risks to minors, may pay hefty fines

EU to probe TikTok faces over risks to minors, may pay hefty fines

by AIP Online Bureau | Feb 12, 2024 | Eco/Invest/Demography, International News, Regulation, Risk Management, Technology

The bloc singled out 19 online platforms and search engines last year as large entities worthy of scrutiny and has been quizzing them for information. That includes X, Meta Platforms Inc., Alphabet Inc. and others with more than 45 million monthly active users in...

EU agreement on ESG Ratings seen as world’s toughest

by AIP Online Bureau | Feb 7, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Policy, Regulation, Risk Management

Under the agreement, ESG ratings providers based in the EU “will need to obtain an authorization” from the European Securities and Markets Authority, the Council said A provisional agreement in the European Union setting guardrails around the ESG [environmental,...

Banks and insurers to lose reprieve from EU’s toughest ESG rule

by AIP Online Bureau | Jan 31, 2024 | Eco/Invest/Demography, International News, Life, Non-Life, Policy, Regulation, Reinsurance

The European Parliament and the European Council are moving toward an agreement that banks, asset managers and insurers should be viewed in the same way as other companies when it comes to ensuring that their value chains aren’t subject to environmental or human...

Italy, EU’s oldest country, to spend more on the elderly

by AIP Online Bureau | Jan 26, 2024 | Eco/Invest/Demography, International News, Pension & Social Security

Among several measures, the package envisages a so-called monthly “universal benefit” of 1,380 euros to support poor people over 80 with “very severe welfare needs”, a government document showed Rome: Italy’s government said on Thursday...
EU clinches deal on landmark AI Act

EU clinches deal on landmark AI Act

by AIP Online Bureau | Dec 10, 2023 | Eco/Invest/Demography, International News, Policy, Regulation, Risk Management, Technology

Despite the criticism, this is good news for businesses and society. For businesses, it starts providing companies with a solid framework for the assessment and mitigation of risks, that — if unchecked — could hurt customers and curtail businesses’...
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