EU to block Big Tech from new financial data sharing system

Financial TimesSunday, September 21, 2025 at 4:00:07 AM
EU to block Big Tech from new financial data sharing system
The European Union is set to block major tech companies like Apple and Meta from participating in a new financial data sharing system. Germany argues that this exclusion is necessary to safeguard Europe’s digital sovereignty. This decision highlights ongoing tensions between regulatory bodies and tech giants, raising questions about the future of data sharing and innovation in the region.
— Curated by the World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended Readings
The EU should see public anger at Trump as an opportunity
PositiveFinancial Markets
The article discusses how the European Union can view the public anger towards Trump as a chance to address pressing issues. It emphasizes that leaders should acknowledge the current challenges rather than pretending everything is fine. This perspective is crucial as it encourages proactive measures and engagement with citizens, potentially leading to stronger governance and improved relations.
Germany Wants To Host An Olympics Sometime In The Next 20 Years
PositiveFinancial Markets
Germany is expressing a strong desire to host the Olympic Games within the next two decades, marking a significant moment as it's been fifty years since the country last held the event. This ambition reflects a growing sentiment among Germans who believe it's time for the nation to step back into the global spotlight and showcase its capabilities on such a prestigious stage.
New iPhone 17 unveiled in Moscow, as pre-orders jump despite slowing economy
PositiveFinancial Markets
The unveiling of the new iPhone 17 in Moscow has generated significant excitement, with pre-orders soaring despite concerns about a slowing economy. This launch highlights Apple's strong brand loyalty and the demand for innovative technology, suggesting that consumers are still willing to invest in premium products even in challenging economic times.
What Are H-1B Visas? Trump’s $100,000 Fees Could Impact Amazon, Apple And Google.
NegativeFinancial Markets
The recent proposal by Trump to increase H-1B visa fees to $100,000 could significantly impact major tech companies like Amazon, Apple, and Google. Previously, these fees were as low as $215, making it easier for companies to hire specialized foreign workers. This change raises concerns about the future of talent acquisition in the tech industry and could lead to a talent shortage, affecting innovation and growth.
Boomers think their wealth came from wise choices – this myth needs busting | Phillip Inman
NegativeFinancial Markets
A recent article by Phillip Inman highlights the misconception among baby boomers that their wealth is solely the result of wise financial choices. It points out that many in this generation have benefited from systemic advantages, such as rising property values and pension schemes, rather than just personal decisions. This matters because it challenges the narrative of meritocracy and raises questions about wealth distribution and fairness in society, especially as younger generations face different economic realities.
EU Weighs Trade Measures Aimed at Russian Druzhba Pipeline Oil
NeutralFinancial Markets
The European Union is contemplating new trade measures to address its remaining oil imports from Russia, particularly focusing on the Druzhba pipeline. This move reflects the EU's ongoing efforts to reduce dependency on Russian energy sources amid geopolitical tensions. Such measures could significantly impact the oil market and energy security in Europe, making it a crucial development to watch.
Apple quietly rewrites the iPhone 17 playbook
PositiveFinancial Markets
Apple's recent changes to the iPhone 17 strategy could significantly benefit its investors. By quietly adjusting its approach, the tech giant is positioning itself for potential growth and increased market share, which is exciting news for those invested in the company.
Parents outraged as Meta uses photos of schoolgirls in ads targeting man
NegativeFinancial Markets
Parents are expressing outrage after discovering that Meta used Instagram photos of schoolgirls as young as 13 to promote its Threads platform to a 37-year-old man. This controversial advertising tactic has sparked significant backlash, with many calling it inappropriate and upsetting. The incident raises serious concerns about the ethics of targeting vulnerable demographics in marketing campaigns, especially when it involves minors. As social media continues to evolve, the responsibility of companies like Meta to protect young users becomes increasingly critical.
Oracle eyes $20 billion AI cloud computing deal with Meta, source says
PositiveFinancial Markets
Oracle is reportedly in discussions for a massive $20 billion AI cloud computing deal with Meta. This potential partnership could significantly enhance Oracle's position in the competitive cloud market and leverage Meta's extensive data capabilities. Such a collaboration would not only boost Oracle's revenue but also accelerate advancements in AI technology, making it a noteworthy development in the tech industry.
New iPhone 17 Lineup Goes on Sale
PositiveFinancial Markets
The new iPhone 17 lineup, including the Pro, Pro Max, and Air models, has officially hit the market, drawing enthusiastic crowds at stores. This launch is significant as it showcases Apple's continued innovation and popularity in the smartphone sector, despite some supply concerns highlighted by Bloomberg's Dana Wollman. The excitement around the new features and designs could drive strong sales and reinforce Apple's position in the tech industry.
It’s not just Sam Altman warning about an AI bubble. Now Mark Zuckerberg says a ‘collapse’ is ‘definitely a possibility’
NegativeFinancial Markets
In a recent podcast, Meta CEO Mark Zuckerberg echoed concerns previously raised by Sam Altman about the potential for an AI bubble. He highlighted that, based on historical trends in infrastructure development, a collapse in the AI sector is a real possibility. This matters because it signals caution in an industry that has seen rapid growth and investment, prompting stakeholders to reconsider their strategies and expectations.
EU to unlock €500mn in bid for Orban’s Russia sanctions backing – FT
NeutralFinancial Markets
The European Union is set to unlock €500 million to secure Hungary's support for its latest sanctions against Russia. This marks the 19th package of restrictions aimed at addressing ongoing tensions in the region. The unanimous approval from all 27 member states is crucial for the sanctions to take effect, highlighting the complexities of EU politics and the importance of solidarity among member nations in responding to international challenges.
Latest from Financial Markets
Fishnets, Tattoos, Attitude: Lauren Sanderson On The Art of Character
PositiveFinancial Markets
Lauren Sanderson is redefining the intersection of fashion and music with her bold style choices, from fishnets to tattoos. Her unique approach not only enhances her artistic expression but also challenges traditional norms in the music industry. This matters because it encourages other artists to embrace their individuality and use fashion as a powerful tool for storytelling.
’Fast and furious’: H-1B workers abroad race to US as Trump order sparks dismay, confusion
NegativeFinancial Markets
The recent order by former President Trump regarding H-1B visas has left many foreign workers in a state of dismay and confusion as they rush to secure their positions in the U.S. This situation highlights the ongoing challenges and uncertainties surrounding immigration policies, which can significantly impact the workforce and economy. The urgency felt by these workers underscores the importance of stable immigration processes for both individuals and the industries that rely on their expertise.
Red flags: how to avoid falling victim to a ‘money mule’ scam
NegativeFinancial Markets
The article highlights the dangers of money mule scams, where individuals unknowingly facilitate the transfer of illicit funds. It emphasizes that even if someone is unaware, receiving and passing on such money can lead to serious legal and financial repercussions. This issue is crucial as it raises awareness about the tactics scammers use to exploit unsuspecting individuals, urging readers to be vigilant and protect themselves from potential fraud.
5 things to know about Friday's market
PositiveFinancial Markets
Friday's market is buzzing with excitement as bulls take charge, signaling a positive shift for investors. This surge in enthusiasm is crucial as it reflects growing confidence in the economy, potentially leading to increased investments and market stability. Understanding these trends can help investors make informed decisions and capitalize on the momentum.
Arc’teryx Fireworks in Tibet Trigger Backlash, Government Probe
NegativeFinancial Markets
A recent fireworks display in Tibet, sponsored by outdoor gear brand Arc'teryx, has ignited significant backlash on social media, prompting Chinese authorities to launch an investigation. The public's concern centers around the environmental impact of such events in sensitive areas like Tibet. This situation highlights the ongoing tension between commercial interests and environmental preservation, raising questions about corporate responsibility and the need for sustainable practices.
US new H-1B visa fee will not apply to existing holders, White House says
PositiveFinancial Markets
The White House has announced that the new fee for H-1B visas will not affect current holders, providing relief to many skilled workers in the U.S. This decision is significant as it ensures that existing visa holders can continue their employment without the burden of additional costs, fostering stability in the workforce and supporting the economy.