EUROPEAN REGULATORS
EU's 2030 ban on single-use ketchup sachets puts condiment packets in spotlight
Starting in 2030, the European Union will ban single-serve condiment sachets, including ketchup and mayonnaise, in restaurants as part of efforts to tackle waste. Takeaway services and specific healthcare facilities will be exempt to ensure hygiene. Alternative solutions such as refillable dispensers and small bowls will be encouraged, highlighting a shift towards more sustainable practices in response to environmental concerns about single-use plastics.
EU charges TikTok over harmful algorithmic 'rabbit hole' effects
EU tech regulators charged social media platform TikTok on Friday with breaching the bloc's online content rules due to the so-called "rabbit hole" effect of its recommender system, which attracts users' attention to a constant stream of
AI rout, energy costs add to fears of slowing global growth
Global markets face mounting pressure from persistent inflation, rising borrowing costs and concerns over slowing economic growth. Elevated energy and food prices are fuelling inflation fears, while an AI stock selloff threatens investor confidence. Weakening European data and uncertainty over the Iran war are adding to concerns about the global economic outlook.
European stocks head for weekly losses amid global tech selloff
European shares tumbled as concerns over AI valuations, heavy technology spending and potential US restrictions on data-centre investments triggered a global selloff. Losses across major sectors wiped out the STOXX 600's weekly gains, putting the index on track for a weekly decline.
Eurozone bond yields set for biggest weekly fall since September as investors seek safety
Eurozone government bond yields are heading for their steepest weekly decline since late September as investors seek safe-haven assets amid a global technology selloff. Easing expectations of further ECB rate hikes have added to the decline, while Germany's 10-year yield touched a multi-month low.
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China's rising yuan squeezes exporters, raises concerns over jobs and growth
China's strengthening yuan is squeezing exporters' profit margins, raising concerns over job losses, weaker exports and slower economic growth. Beijing faces a policy dilemma as international pressure to let the currency appreciate clashes with domestic manufacturers' need for a competitive exchange rate.
EU Transport Commissioner activates security protocols after flight bomb threats; says "too early" to establish links
European Union Transport Commissioner Apostolos Tzitzikostas expressed concern over recent hoax bomb threats affecting flights in Europe. Many budget airlines were targeted, with investigations ongoing to determine the source of the threats. Multiple countries reported threats that prompted increased security measures and emergency landings. All affected flights were able to land safely after thorough inspections confirmed no explosives were present.
Rising debt, non-bank finance may limit ECB policy flexibility, says Schnabel
Rising public debt and growing non-bank financial institutions could constrain the European Central Bank's ability to manage inflation, ECB board member Isabel Schnabel warned. She flagged risks from leveraged investors, market volatility and deteriorating public finances, urging stronger oversight of non-bank lenders and warning that financial stress could force central bank interventions, potentially undermining monetary policy independence and complicating economic stability.
KOSPI crashes 4% as US midterm shock rattles Asian markets
Oil prices and stock markets reacted significantly to the recent midterm election victories by Democrats in the United States. Asian chip stocks declined alongside the dollar, indicating market volatility following the elections. Lower oil prices have resulted in a bond rally, subsequently reducing yield rates. Anticipation of increased support for renewables is driving optimism in solar supply chain stocks.
Ahead of Market: 10 things that will decide stock market action on Thursday
Indian markets extended their rally, with Sensex gaining 384 points to 77,301 and Nifty rising 150 points to 23,961, marking two-month highs. Positive sentiment, strong earnings, festive demand and buying across mid- and small-caps supported gains.
From Iran to trade, how the US midterms impact the rest of the world
US Democrats' recent midterm election victories could influence global relations, especially concerning Iran and Israel. The potential for a peace deal with Iran seems viable as US voters oppose prolonged conflicts. In Ukraine, Democrats may propose increased financial and military aid, which could face delays. Additionally, Asian countries may reconsider investment pledges to avoid tariffs in light of these outcomes.
Eurozone bond yields steady as investors await inflation data; US Treasury yields ease after midterm elections
Eurozone government bond yields were steady as investors awaited October inflation data, while US Treasury yields declined after Democrats gained control of both chambers of Congress. Markets also assessed the likelihood of further European Central Bank rate hikes in December.
US bond yields fall; Nasdaq, Dow Jones futures slip 2% as Democrats set for big win in US midterm elections
US Treasury yields fell on Tuesday as investors sought safe-haven assets amid a sharp sell-off in US equity futures following projections of significant Democratic gains in the 2026 midterm elections. The 10-year yield slipped nearly 5 bps to 4.902%, while the 2-year yield dropped 6 bps to 4.55%.
Tesla misled South Korean customers about automated-driving tech, consumer group alleges
Tesla has marketed Full Self-Driving (Supervised) software to prospective buyers in South Korea for years, often collecting lump-sum payments of 9.043 million won ($6,726).
India’s cooling systems face Europe-style cyber risks, say experts
The concerns follow cyberattacks on supermarket refrigeration systems across Europe, with stores in Sweden, Belgium, Estonia, the Netherlands, Finland and Luxembourg reporting disruptions. Attackers reportedly manipulated refrigeration controls, raising freezer temperatures and switching equipment into defrost mode, forcing stores to discard food stocks. The incidents follow similar attacks on hundreds of supermarkets in France in October.
Tesla misled South Korean customers about automated-driving tech, consumer group alleges
Tesla is facing a consumer complaint in South Korea over allegedly misleading customers by selling its Full Self-Driving (FSD) software to buyers whose vehicles cannot legally use it. The software, which was sold for a one-time payment of 9.043 million won ($6,726), is compatible with only about 20% of Tesla cars registered in the country, mainly US-made models.
Wockhardt seeks 14-year data shield for India-made drugs
Mumbai-based Wockhardt has struck success in its innovative research on a range of antibiotic drugs, bridging a global pipeline gap for difficult-to-treat infections. In May this year, the company secured approvals from Indian and US drug regulators for a breakthrough drug, Zaynich (cefepime + zidebactam), to treat complicated urinary tract infection, including acute pyelonephritis or severe kidney infections. Wockhardt has showcased six drugs to treat antimicrobial resistance (AMR).
Meta halts new business terms after backlash over data scraping and AI use
Meta has postponed the rollout of new terms affecting its business accounts due to significant backlash. Critics claimed these changes could lead to unauthorized data scraping and unfair competition against news publishers. A Norwegian court granted an injunction on the terms, highlighting concerns over Meta's market dominance. The U.K. competition authority has also initiated an investigation into these new business conditions.
OpenAI’s India user base doubles; Rapido GOV quadruples
Happy Tuesday! India has become ChatGPT’s largest market globally, with its user base doubling. This and more in today’s ETtech Morning Dispatch.
Govt mulls giving Cert-In enforceable powers to mandate patching
Last month, two critical flaws in the PHP programming language, discovered with the help of AI, created worldwide panic as hackers targeted the vulnerabilities millions of times, and led to governments including the US, UK, France, Germany and Japan taking down public websites. PHP powers 69.3% of websites worldwide.
Apple CEO John Ternus defends AI strategy: ‘Don't want to ship AI for AI's sake’
His comments come at a time when Apple has faced criticism for falling behind rivals such as Google in the AI race. Ternus also spoke about the risks associated with increasingly powerful AI models, particularly from a cybersecurity perspective.
France moves to make rioters pay through family welfare benefit
France's Senate has approved a law to hold families accountable for damages caused by riots and unrest. This legislation allows authorities to recover compensation from family benefits like housing aid and allowances. Critics argue that the bill may disproportionately affect vulnerable families and discourage peaceful protests. Similar accountability measures are being considered in other European countries amid concerns over riots.
Indian industry has become aware of carbon emissions, says CII’s Narayan Sethuramon
Indian industry is becoming aware of the impact of European carbon emissions regulations on their competitiveness. The expected India-EU Free Trade Agreement will create opportunities for growth in the coming years. Different categories of buyers are emerging, with some looking to diversify sources away from China. Key sectors such as textiles and defense are poised to benefit from these trade dynamics.
EU can learn from India on cutting regulatory burden, says Piyush Goyal as Dutch minister rules out CBAM rethink
Piyush Goyal addressed the India-Netherlands Business Forum, highlighting India's deregulation efforts to reduce burdens on businesses. He asserted that the EU could learn from India's successful approach to regulatory matters. Dutch Minister Sjoerd Sjoerdsma acknowledged the importance of necessary regulations but emphasized the need to review those that hinder trade. He reiterated that climate and product safety regulations are crucial for European consumers.
EU carbon tax: Piyush Goyal asks Europe not to 'invite disaster' or 'shoot themselves in the foot'
Goyal said the EU had accumulated around 75-77 regulations, arguing that repeated additions were increasing the compliance burden on businesses and making them less competitive in global markets.
Privacy group files complaints against Scale AI over alleged worker surveillance
The European digital privacy group, noyb, has launched several complaints against Scale AI across multiple nations, claiming the company improperly surveilled freelance workers engaged in AI data tasks. Investigative findings highlighted concerning tracking practices, including keystroke logging and persistent identity verification. Moreover, the use of game-like rewards has drawn prior regulatory attention. Freelancers reported challenges accessing their data, with requests often ignored by Outlier.
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