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Coinbase Gains FCA Approval to Operate as UKRegulated Crypto Exchange

Coinbase has obtained a Virtual Asset Service Provider VASP license from the UKs Financial Conduct Authority FCA, allowing it to function as a regulat

Coinbase has obtained a Virtual Asset Service Provider VASP license from the UKs Financial Conduct Authority FCA, allowing it to function as a regulated cryptocurrency exchange. This enables the company to provide retail and institutional investors with crypto services, including fiattocrypto products. The leading digital assets platform in the UK, Coinbase, views the UK as its largest overseas market. The FCA cautions that cryptocurrency companies are not protected by the Financial Services Compensation Scheme FSCS in the event of insolvency. Having previously turned down 90% of applications because of security concerns, the UK is working to finalise its crypto legislation by 2026. Coinbase has expanded its worldwide reach by acquiring licenses in France, Singapore, and Bermuda. Read More..

B2B Tech News | 1 days ago         

Europe Launches OpenEuroLLM to Develop OpenSource AI for EU Languages

The European Commission supported the OpenEuroLLM Project, a European effort to create opensource AI models, by bestowing the Strategic Technologies f

The European Commission supported the OpenEuroLLM Project, a European effort to create opensource AI models, by bestowing the Strategic Technologies for Europe Platform STEP Seal on Monday. This project aims to develop multilingual large language models LLMs that are fluent in every EU language while maintaining regulatory compliance and transparency. Codirected by Peter Sarlin from AMD Silo AI and coordinated by Jan Hajič from Charles University, the program is being led by a group of 20 European academic institutions, businesses, and EuroHPC centres. The initiative will make AI models, documentation, training codes, and assessment metrics available for public and commercial usage to increase Europes competitiveness in AI. It looks for more investors and is funded by the Digital Europe Program. Read More..

B2B Tech News | 1 days ago         

FTAs Back on the Table India and UK Set to Revive Trade Negotiations

Negotiations for a planned Free Trade Agreement FTA between the United Kingdom and India are scheduled to commence on 24 February 2025. Beginning in J

Negotiations for a planned Free Trade Agreement FTA between the United Kingdom and India are scheduled to commence on 24 February 2025. Beginning in January 2022, the talks had been put on hold because of the general elections in both nations. Customs tariffs, services, and bilateral investments are important topics discussed in the subsequent negotiations. India wants increased access to the UK market for its highly qualified workers in industries like IT and healthcare and the removal of customs taxes on a range of products. In contrast, the UK wants more chances in Indias financial services and telecommunications industries and is pushing lower import taxes on goods like whisky. Read More..

B2B Tech News | 2 days ago         

UK and India to Resume Free Trade Agreement Negotiations Following G20 Summit Meeting

British High Commissioner Lindy Cameron said the UK and India will begin negotiating a bilateral investment treaty and a free trade agreement FTA. Thi

British High Commissioner Lindy Cameron said the UK and India will begin negotiating a bilateral investment treaty and a free trade agreement FTA. This decision comes after Prime Minister Narendra Modi and UK Prime Minister Keir Starmer met at the November G20 Summit. Cameron underlined the significance of their collaboration in opening up the economic potential for both nations. Next month, British Business and Trade Secretary Jonathan Reynolds will travel to India to resume talks. There have been 14 rounds of negotiations since January 2022, but elections and government shifts have delayed them. Alcoholic beverage import taxes, electric car import taxes, and British companies access to Indias services industries are some of the main unresolved difficulties. Read More..

B2B Tech News | 7 days ago         

Air FranceKLM Explores Sustainable Aviation Fuel Collaboration with Portuguese Partners

As Portugal prepares to privatise its national airline, TAP, Air FranceKLM is actively investigating possible work on sustainable aviation fuel SAF wi

As Portugal prepares to privatise its national airline, TAP, Air FranceKLM is actively investigating possible work on sustainable aviation fuel SAF with Portuguese partners. In a recent meeting with stakeholders in Lisbon, Air FranceKLM highlighted its position as the worlds largest purchaser and user of SAF while discussing sustainability initiatives. Other big airlines, such as Lufthansa and British Airways parent firm IAG, are interested in purchasing shares in TAP, which is why the talks are taking place. In 2023, Air FranceKLM committed to sustainability by integrating 80,000 metric tonnes of SAF into its operations, whereas TAP has used very little green fuel. With businesses like Galp Energia aiming to develop bio jet fuel by 2026, Portugal hopes to use its renewable resources to improve SAF projects. Read More..

B2B Tech News | 8 days ago         

GSK Strengthens Gastrointestinal Cancer Portfolio with IDRx Buyout

GSK, a British pharmaceutical company, said Monday that it will pay up to $1.15 billion to purchase IDRx, a biopharmaceutical company based in Boston,

GSK, a British pharmaceutical company, said Monday that it will pay up to $1.15 billion to purchase IDRx, a biopharmaceutical company based in Boston, to create a cure for gastrointestinal stromal tumours. The agreement, which aims to strengthen GSKs growing portfolio in gastrointestinal malignancies, involves a $1 billion upfront payment. According to Luke Miels, GSKs chief commercial officer, the companys strategy of focussing on verified assets that address critical medical needs is in line with this acquisition, given the difficulties the company is facing in its vaccine market. The acquisition demonstrates GSKs dedication to improving cancer care in the face of changing consumer needs. Read More..

B2B Tech News | 10 days ago         

New Year’s Day Marks End of Russian Gas Exports Through Ukraine Pipelines

After decades of reliance on Russian supplies, Europes energy landscape dramatically changed on New Years Day when Russian gas deliveries through Sovi

After decades of reliance on Russian supplies, Europes energy landscape dramatically changed on New Years Day when Russian gas deliveries through Sovietera pipelines in Ukraine were stopped. Although the gas continued to flow during the ongoing conflict, Gazprom announced the halt after Ukraine refused to renew a transit agreement. The halt has affected areas like Transdniestria that depend on these supplies for heating, even though EU countries had planned for this cutoff by securing alternate sources, such as gas from Norway and liquefied natural gas LNG from Qatar and the U.S. As the EU looks to assist Moldova throughout this energy transition, Ukrainian President Zelenskiy referred to the transits termination as a significant setback for Moscow and urged more U.S. gas supplies to Europe. Read More..

B2B Tech News | 1 months ago         

Germany Urged to Boost Defense Spending to 3% of GDP by Hensoldt CEO

Oliver Doerre, CEO of the defence electronics company Hensoldt, suggested that Germany raise its defence budget to 3% of its GDP. He stressed in an in

Oliver Doerre, CEO of the defence electronics company Hensoldt, suggested that Germany raise its defence budget to 3% of its GDP. He stressed in an interview the necessity of increased military capabilities, such as more ships, tanks, and aeroplanes, to ward off threats from countries like Russia. Though he supports a constitutional commitment of 3% for at least ten years, Doerre expects the German government to maintain a minimum defence expenditure of 2% of GDP. He underlined worries that by 2028 or 2029, Russia would threaten NATO, emphasising the need for Europe to strengthen its deterrence capabilities. In addition, Hensoldt is investigating defence industry collaborations and participating in the European Sky Shield Initiative. Read More..

B2B Tech News | 1 months ago         



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