US official denounces EU’s fine of Musk’s X, says Europe is taxing Americans

The SEC has announced a pause on Wall Street's leverage practices, indicating a shift in regulatory scrutiny aimed at managing financial risks. This decision comes amid concerns about excessive leverage in the market, which could pose systemic risks to the financial system.

SpaceX, the rocket manufacturing company founded by Elon Musk, is aiming for an $800 billion valuation in its latest share sale, which would position it as the most valuable start-up, surpassing OpenAI. This move reflects the company's ongoing growth and ambition in the competitive aerospace sector.

The European Commission has imposed a fine of €120 million on Elon Musk's social media platform, X, citing violations of new digital regulations, including issues related to deceptive practices and user safety. This action reflects ongoing scrutiny of tech companies operating within the EU's regulatory framework.

The European Union (EU) and the Group of Seven (G7) are considering a ban on maritime services for Russian oil exports and an end to the price cap on Russian oil. This move is part of ongoing efforts to tighten sanctions against Russia amid its continued military actions in Ukraine, which have drawn widespread international condemnation.

The UK government is working towards finalizing a youth mobility scheme with the EU by the end of 2026, which would allow tens of thousands of young British and European citizens to live and work in each other's countries. This initiative is part of a broader effort to reset the UK's relationship with Europe following Brexit.

Cloudflare is currently investigating significant technical issues that have caused widespread outages affecting major web services, including X, LinkedIn, and Zoom. The problems began shortly after 9 AM UK time, leading to difficulties in accessing various online platforms and services.

Elon Musk's social media platform, X, has been fined $140 million by European regulators for allegedly engaging in deceptive practices. This legal action highlights ongoing tensions between tech companies and European regulatory frameworks, particularly concerning compliance with local laws.

Elon Musk's social media platform, X, has been fined €120 million by the European Commission for breaching new EU digital laws, including issues related to deceptive verification badges and advertising transparency. This ruling marks a significant enforcement action under the EU's updated regulatory framework.