E.U. hits Musk’s X with $140 million fine, says it broke hate speech and misinformation rules

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 €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.

Tesla has introduced a lower-priced version of its Model 3 in Europe, aiming to boost sales following a backlash against CEO Elon Musk's association with Donald Trump and a decline in electric vehicle demand.

The European Commission has proposed a plan to provide Ukraine with a loan funded by frozen Russian assets, aiming to bolster Ukraine's financial position amid ongoing conflict. This initiative includes a secondary option for an EU loan based on common borrowing, addressing concerns raised by Belgium, which holds a significant portion of these assets.

The European Commission has proposed a plan to provide €90 billion to support Ukraine over the next two years, potentially utilizing frozen Russian assets or borrowing from international markets. This initiative comes as Ukraine continues to face significant financial challenges due to the ongoing conflict with Russia.

NATO has reaffirmed its commitment to protect Europe amid ongoing tensions with Russia, as Russian President Vladimir Putin denied rejecting a peace plan for Ukraine. European Commission President Ursula von der Leyen outlined the EU's strategy to support Ukraine financially in its conflict with Russia during a recent media briefing.

The European Commission is contemplating a legal framework to compel industries to decrease their reliance on Chinese imports, as stated by Industry Commissioner Stéphane Séjourné. This initiative is part of a broader €3 billion strategy aimed at diversifying supply chains for critical raw materials, particularly rare earth metals, amid concerns over China's control over these resources.

The European Commission has proposed a plan to provide €90 billion in funding to Ukraine over the next two years, primarily utilizing frozen Russian assets. This funding aims to cover two-thirds of Kyiv's financing needs for 2026 and 2027, allowing Ukraine to engage in peace negotiations from a stronger position. Belgium, which hosts a significant portion of these frozen assets, has expressed concerns about the implications of this plan.