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In what could be a major development for both nations, Europe is reportedly preparing a €50 billion trade offer for the US and President Donald Trump. Indeed, European Union (EU) trade commissioner Maroš Šefčovič recently told The Financial Times that both sides are making “certain progress” towards a deal. Since the Trump administration instituted a 10% baseline tariff on all countries, there has been a mad dash for nations to strike a trade deal with the United States. Now, the EU has emerged as nearing an agreement that would eliminate the import duty increase. Moreover, it should take another step toward balancing US trade. JUST IN: Europe says they're preparing a €50 billion trade offer for President Trump. — Watcher.Guru (@WatcherGuru) May 1, 2025 Also Read : Trump Says EU Must Come Forward to Negotiate New Trade Deal EU Preparing New Trade Deal to Eliminate US Tariffs In early April, the United States announced the arrival of a new America-first tariff plan. Its purp...

Crypto adoption in the United Kingdom has been growing as the country adopts more regulations targeting crypto and stablecoins, the study shows. The United Kingdom has emerged as a major cryptocurrency economy worldwide and the biggest crypto country in terms of raw transaction volume in Central, Northern and Western Europe (CNWE), according to a new study. The blockchain analytics firm Chainalysis on Oct. 18 released two new chapters of its 2023 Geography of Cryptocurrency report, including its brand new CNWE study and the second edition on Eastern Europe. According to the CNWE-focused report, the CNWE region was the second-largest crypto economy in the world over the past year, behind only North America. The region accounted for 17.6% of global transaction volume between July 2022 and June 2023, receiving an estimated $1 trillion in on-chain value during the time period. The U.K. has topped CNWE’s biggest crypto economies list and also ranked third in the world in terms of transact...

The Data Act was first proposed in early 2022 and passed by the European Parliament on March 14. European Union (EU) lawmakers have reached an agreement to move ahead with the controversial European Data Act, which has previously drawn criticism from the crypto community. The deal was confirmed by the EU’s Commissioner for Internal Markets, Thierry Breton, in a tweet calling it a “milestone in reshaping the digital space.” Another deal! ⁰Tonight’s agreement on the #DataAct is a milestone in reshaping the digital space. Thanks to the swift work of the EP @delcastillop & the Council Presidency, we are on the way of a thriving data economy that is innovative & open — on our conditions. pic.twitter.com/vTWUU8xTx9 — Thierry Breton (@ThierryBreton) June 27, 2023 The European Parliament passed the Data Act on March 14, but negotiations among EU lawmakers on the bill’s final version have been ongoing. The act is focused on the fair use of industrial data and removing barri...