Thursday

28th Mar 2024

Ticker

Facebook's WhatsApp data-grab alarmed European consumers

Facebook's decision to share users' data from its WhatsApp messaging firm across the group in January "put an undue pressure on users" and impaired "freedom of choice', violating EU laws, the European Consumer Association in Brussels (Beuc) and eight national members said in a complaint to the European Commission, Reuters reports. Facebook's "unintelligible" WhatsApp policy made matters worse, it added, but Facebook said Beuc's concerns were based on a "misunderstanding".

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Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

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