Commodity prices forecast to rise by 16% this year, fueling inflation and slowing growth.  Energy prices are projected to surge by 24% this year to their highest level since Russia’s invasion of Ukraine in 2022, as the war in the Middle East sends a severe shock through global commodity markets, according to the World Bank Group's latest Commodity Markets Outlook. Overall commodity prices are forecast to rise 16% in 2026, driven by soaring energy and fertilizer prices and record-high prices for several key metals. The shock will have serious implications for job creation and development, the analysis indicates. Attacks...

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European Card Payment Cooperation (ECPC), nexo standards and Berlin Group to work with ECB to implement digital euro Standards to allow European payment solutions to minimise costs, expand geographical reach and diversify use cases Adoption of the digital euro regulation by co-legislators to unlock potential and provide certainty for market actors’ future investments in payments The European Central Bank (ECB) has signed agreements with three European standard‑setting organisations – ECPC, nexo standards and the Berlin Group – to reuse...

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Today marks the 10th anniversary of the GDPR’s adoption, the first comprehensive data protection framework spanning an entire continent, establishing clear rights for individuals and obligations for organisations across Europe. The moment that led to the creation of the EDPB The GDPR led to the establishment of the European Data Protection Board (EDPB) on 25 May 2018, replacing the Article 29 Working Party that was previously in charge of dealing with issues relating to the protection of personal data. The GDPR gave the Data...

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The Presidents of the European Parliament, Council and Commission signed a Joint Declaration committing to achieve the “One Europe, One Market” roadmap. On the sidelines of the Informal meeting of Heads of State or Government in Cyprus, the President of the Republic of Cyprus as the rotating Presidency of the Council of the European Union, and the Presidents of the European Parliament and the European Commission, signed the “One Europe, One Market Roadmap”. This agreement demonstrates the resolve of the...

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