The European Parliament's economic committee has backed a digital euro designed to reduce Europe's dependence on US-controlled payment networks such as Visa and Mastercard. The ECB-backed currency is targeted for launch by 2029 after a full parliamentary vote and negotiations with EU member states. Euronews reports: Under the proposal, consumers would be able to hold digital euros in a dedicated wallet, subject to a holding limit that has yet to be determined. The system would support both online and offline payments and is intended to offer a high degree of privacy, with the ECB unable to directly identify users from their payment data. The ECB would provide the underlying infrastructure, while commercial banks and payment service providers would offer digital euro services to customers. Financial institutions are expected to be compensated for their participation in the scheme, while merchants will pay fees that are expected to be lower than those associated with current card transactions. How that compensation should be structured remains one of the most contentious issues ahead of negotiations with EU member states, according to three sources familiar with the discussions. [...] The European Parliament is expected to formalise the committee's position during a plenary vote in Strasbourg in early July. Negotiations with the EU's 27 member states would then begin, with lawmakers aiming to reach a final agreement before the end of the year.

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French President Emmanuel Macron urged the world’s wealthy democracies to work together on regulating advanced AI systems.

The post French President Urges US to Share Cutting-Edge AI and Democracies to Cooperate on Regulation appeared first on SecurityWeek.

Rolls-Royce SMR has secured a multibillion-pound agreement to build three small modular reactors on Sweden's west coast, "marking a major step in the British engineering group's ambition to become a leading supplier of the technology in Europe," reports Euronews. From the report: Following a rigorous selection process that started in 2022, UK engineering giant Rolls-Royce's nuclear division, Rolls-Royce SMR, won the contract to build nuclear reactors for Sweden. As part of the deal, the group, selected by Videberg Kraft as its partner, will deliver three Small Modular Reactors (SMRs) to Sweden's west coast, at the Varo Peninsula. "The Videberg Project will build Sweden's first new nuclear power plant in more than forty years, supporting industries and households in southern Sweden," a press statement from Rolls-Royce said. The partnership with utility Vattenfall and developer Karnfull Next is seen as one of the most advanced opportunities for deployment outside of the UK. [...] The European Commission considers small modular reactors (SMRs) to be a promising low-carbon technology that could help support the bloc's clean energy and energy security goals. In order to remove regulatory barriers, the EU's SMR strategy was adopted in March 2026 to accelerate the development and deployment of the technology across Europe. SMRs are smaller than conventional nuclear power plants, typically generating between 20 and 300 megawatts of electricity. At the upper end of that range, a reactor could produce around 7.2 million kilowatt-hours of electricity per day -- enough to power hundreds of thousands of homes. The International Energy Agency (IEA) estimates that more than 1,000 small modular reactors could be deployed worldwide by 2050 under a supportive policy scenario, requiring cumulative investment of around $670 billion.

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The European Commission has declined (PDF) to propose a law requiring publishers to keep discontinued video games playable, despite the Stop Killing Games initiative collecting nearly 1.3 million verified signatures. Instead, it plans to develop a voluntary industry code covering end-of-life transparency and preservation. Dextero reports: The Commission's full communication said a legal obligation to keep games playable, as requested by the initiative, "would not be proportionate." It cited concerns about intellectual property rights, confidential business information, publisher costs, and potential cybersecurity or safety risks once games are no longer supported. The code of conduct could include more transparent storefront labeling about possible game discontinuation, along with more partnerships between publishers and cultural heritage institutions to preserve games. However, it would not legally require publishers to provide offline patches, private server tools, or other methods for players to continue accessing games after official support ends. The Commission also argued that existing EU consumer law already provides some safeguards, including requirements around transparency, contract duration, termination conditions, and possible refunds if a shutdown conflicts with the agreement or a consumer's reasonable expectations. [...] Despite the setback, Stop Killing Games has said it is not ending its push for legislation. In a response posted after the Commission's decision, the official Stop Killing Games account said the outcome was "not unexpected" and claimed the campaign had already prepared for the result. The group said it is now pushing for members of the European Parliament to amend Stop Killing Games into the Digital Fairness Act instead. "We can move on without the Commission and their non-decision," the group said, referencing earlier comments from Accursed Farms creator Ross Scott.

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Binance is expected to lose permission to serve EU customers in July after Greek regulators reportedly decided to reject its MiCA license application. Reuters reports: Under new EU rules, called MiCA, crypto firms have until the end of June to obtain a licence to allow them to keep servicing clients across the bloc. Binance's application, made to Greece's market regulator, is set to be turned down, the people said. European regulators have been attempting to rein in crypto exchanges, which allow people to trade cryptocurrencies such as bitcoin around the globe. Under MiCA, crypto companies have to apply for licenses from regulators in individual EU countries, which they can use as a "passport" to operate throughout the 27-nation bloc. At stake is oversight of the multi-trillion-dollar crypto industry, which regulators have long warned could destabilize markets and harm investors if not properly supervised. The Greek rejection would mean Binance will not be given the green light to operate in the EU, leaving the fate of Binance's customers based in the bloc uncertain. Binance posted on X after the Reuters report was published that it intends to "support an orderly process and minimise disruption to our users", without giving further details. A spokesperson for Binance, which has 300 million customers worldwide, earlier said it has been pursuing a MiCA licenze and had worked with regulators for 18 months. Binance believes it has met the requirements to be MiCA authorized, the spokesperson said. It understood that Greece's Hellenic Capital Market Commission had completed its review of the application and it was considered compliant. "HCMC has given no formal indication of the contrary," the spokesperson told Reuters.

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An anonymous reader quotes a report from The Guardian: Voters in Switzerland have rejected an unprecedented far-right proposal to cap the country's population at 10 million in a divisive referendum dubbed "the Swiss Brexit." Some 54.79% of voters were against the proposal by the Swiss People's party (SVP) and 45.21% were in favor. Turnout was 58.86%. A different outcome would have obliged the Swiss government to limit the population, currently 9.1 million, to 10 million by 2050, enacting tough restrictions on family reunification, residency permits and asylum if the number had reached 9.5 million before that date. Under the proposals, if the threshold of 10 million people was exceeded before 2050, the Swiss government would have been obliged to withdraw from the country's free movement agreement with the EU -- ending its access to the bloc's single market. The SVP, which has the most seats in parliament, has for years fueled anti-immigrant sentiment, especially concerning workers from neighboring EU countries. The party had insisted that a so-called "sustainability initiative" was needed to address the increase in population, which it argued was putting pressure on Swiss infrastructure, housing, social programs, natural resources and way of life. "Voters were worried about negative consequences for Switzerland's relationship with the EU and for the labour market," said Urs Bieri, from the polling firm GFS Bern. "People are also worried about things like having enough care and health workers. Also, there's a feeling that in the current international environment it's not sensible for a small country to do this."

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The extortion group threatens to leak 297 GB of data allegedly stolen from the Council of Europe, including employee personal information.

The post ShinyHunters Claims Council of Europe Hack appeared first on SecurityWeek.

It's the 10-year anniversary of Britain's "Brexit" vote withdrawing from the European Union. But a new UK poll "shows that a new Brexit referendum would reverse the vote that led to Britain's departure," reports Bloomberg: Fifty-two percent of Britons think the UK should rejoin the EU, according to an Ipsos survey of 1,137 British adults conducted between May 14 and May 20. That's the inverse of the mood in June 2016 when a comparable share of the electorate backed Brexit... Younger voters overwhelmingly favor reversing Brexit, whereas half of those ages 55 and above oppose returning to the bloc. "The number of people who say Brexit is going worse than they had predicted has almost doubled in the past five years," reports The Independent, " from 27% in 2021 to 48% today — more than those saying it was going as well as or better than expected." [T]here is more backing for a second referendum, with 48 per cent now saying they would support one, against 27 per cent who would oppose it. Even a fifth of Reform UK voters and a quarter of those who voted Leave in 2016 would back a second vote, the study found. Tufts University discussed the last 10 years with the European Studies chair at their international relations graduate school: Q: Have their fears of negative financial effects been realized? A: The figures are quite revealing: The British GDP has been reduced by 6-8%, business investment has been reduced by 12%, and trade volume has been reduced by 15%, compared to what it could have been if the U.K. had remained in the EU... Q: What do you think happens next? A: The United Kingdom made a choice and they might have the opportunity, at some point, to revise this choice. I hope that when they have to decide again, they will be much more informed.

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Infineon is set to open a $5.8 billion power-chip fab in Dresden on July 2, backed by about $1.1 billion in EU Chips Act subsidies. The plant will make power semiconductors for AI data centers and could eventually add up to $5.8 billion in annual revenue as demand for AI infrastructure strains global electricity systems. Bloomberg reports: Infineon, traditionally a chipmaker for the automotive industry, has increasingly benefited from soaring demand for power chips used in AI data centers, which will be produced at the new facility. "The AI data centers currently being built and planned around the world will consume twice as much electricity in 2030 as they do today," [said Chief Operating Officer Alexander Gorski]. "That's as much as the entire Federal Republic of Germany." Chip production at the Dresden fab will be scaled over time depending on demand, potentially adding as much as 5 billion euros in revenue per year, Gorski said, declining to comment on when full capacity will be reached. The company has invested around 2 billion euros on construction and the remaining amount will be spent over time to add more machines to the fab, he added. The new facility is "a key catalyst," Bank of America analysts including Didier Scemama wrote in a note last week. Demand from Al customers is materially above Infineon's current capacity, they said, adding the imbalance could improve in the 2027 and 2028 financial years. The analysts raised their Al power revenue forecast for the company by 500 million euros to 4.5 billion euros for 2028. Infineon expects data center-related revenue to rise from around 1.5 billion euros in fiscal 2026 -- roughly 10% of sales -- to 2.5 billion euros in 2027, it said last month. The hundreds of billions of dollars being invested in AI are driving the rapid expansion of data center capabilities around the world. Infineon doesn't produce advanced AI chips, like those designed by Nvidia. But the power semiconductors it plans to produce in Dresden are still needed for AI infrastructure.

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The European Commission has ordered Meta to temporarily restore free WhatsApp Business API access for rival AI chatbots while it investigates whether Meta's ban on third-party assistants abuses its dominant position. Meta says it will appeal, calling the move "regulatory overreach" that would let major AI companies use a paid WhatsApp product for free. The BBC reports: The EU said it began its investigation, in December 2025, after Meta banned third-party general-purpose AI assistants from the WhatsApp for Business API. It said that appeared to be an abuse of Meta's dominant position in European markets. So, as an interim measure as its investigation continues, it has given Meta five working days to re-instate access for third-party general-purpose AI assistants to the WhatsApp for Business API under the same terms and conditions that were in place previously. "In rapidly evolving markets, competition can be lost long before a final decision is adopted," said Teresa Ribera, the Commission's executive vice-president for clean, just and competitive transition. "This is why these interim measures will remain in place for the duration of the investigation." She added the decision "preserved choice for citizens across Europe on the AI assistants they want to use with WhatsApp, without that decision being made for them." The Commission said if Meta failed to comply with its interim decision it could be fined up to 10% up of its total turnover. "The European Commission has decided that OpenAI and some of the largest companies in the world can use the paid-for WhatsApp Business product for free," it said in a statement. "This is regulatory overreach subsidized by the many European companies that pay. We will appeal."

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Friday the Open Source Initiative welcomed the EU's new tech sovereignty package, noting that "over a third of the 29-page document is devoted to Open Source." The nonprofit OSI — maintainers of the Open Source definition — submitted their official feedback in February, and notes that "many" of their key requests were addressed, "as well as some exciting new announcements!" One of the biggest barriers to Open Source adoption has been public procurement. Too often, tenders have been designed around proprietary solutions, ignoring the benefits of Open Source and locking public institutions into closed ecosystems. The OSI called for procurement rules that prioritize interoperability, reusability, and vendor independence. The package takes a major step forward in this area. The EU pledges to make the public sector an anchor consumer for Open Source solutions. The Commission plans to reform procurement rules to remove barriers for Open Source, provide better guidance to EU countries on procurement criteria to avoid excluding Open Source, and uphold the "public money, public code" principle when procuring software development. Both proposals align with the OSI's feedback. The next critical step is the EU's public procurement law reform. The OSI will continue advocating to ensure these pledges translate into action. Beyond procurement, the OSI highlighted challenges faced by Open Source communities in Europe, particularly difficulties accessing investment and expertise to commercialize and scale projects. The Commission has responded by committing to ensure Open Source companies are considered for funding under the European Competitiveness Fund (ECF). It also plans to create "Open Source business accelerators" that will offer mentorship, training, legal and licensing consulting, and business development support, including marketing. Additionally, the Commission will work to raise industry awareness of Open Source solutions by leveraging the EU's existing business support networks. These measures directly address the OSI's concerns and could significantly boost the Open Source ecosystem in Europe... [I]n our feedback, we called for the continuation of the Next Generation Internet (NGI) initiative that has funded many Open Source projects, and for the creation of a European Sovereign Tech Fund to fund ongoing maintenance and features development to meet the EU's needs. We also highlighted the need to mainstream Open Source in other funding opportunities (like the €100bn+ Horizon Europe programme). The Commission's strategy addresses these requests. The NGI will be scaled up under the new name "Open Internet Stack." A new Open Source Maintenance Instrument will fund the "maintenance and security upkeep of essential components." The Commission will also create a list of critical and security-relevant Open Source dependencies to inform funding decisions and promote Open Source solutions as the default approach in Horizon Europe funding. Friday's announcement from the Open Source Initiative notes that the EU is already leading by example in Open Source adoption. It applauds the EU for "deploying a Matrix-based communications system and the openDesk collaboration environment internally, trialing an alternative operating system to replace Windows, which is currently widely used in EU institutions, and expanding its presence on the Fediverse, with Commissioners and key departments already joining the EU's Mastodon server.'

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The latest attempt to re-up a controversial expiring surveillance law has failed to placate vocal critics on both the left and right of the political spectrum.

Two House votes failed last week to extend the spying powers under Section 702 of the Foreign Intelligence Surveillance Act (FISA) for 18 months without changes, leading to Congress instead passing a 10-day reauthorization. GOP leaders have been scrambling to find a bill they can pass since with the April 30 deadline approaching.

House Speaker Mike Johnson, R-La., introduced a bill Thursday to extend it for three years, with a section stating that government officials can’t use Section 702 to target Americans. Under Section 702, U.S. spies and law enforcement agencies can warrantlessly search electronic communications of foreign targets. But those targets are sometimes communicating with U.S. persons, and officials can search the communications database using their personal information.

But critics of the latest Johnson proposal say the language about targeting Americans is window dressing.

“On the whole, it is an empty-calories bill and nothing more that does not engage in reform,” Jake Laperruque, deputy director of the center’s security and surveillance project at the Center for Democracy and Technology, said in a call with reporters Friday.

Civil liberties groups have long called for a warrant requirement for U.S. person-based searches.

“It doesn’t require a warrant or any kind of court process for U.S. person searches,” said Kia Hamadanchy, senior policy counsel for the American Civil Liberties Union’s political advocacy division. “The main reform just restates existing law… . It’s also completely irrelevant to the issue at hand, because backdoor searches have never been the product of the government intentionally targeting U.S. persons under 702. The problem is that they are incidentally collecting U.S. person communications and searching the communications of Americans.”

Gene Schaerr, general counsel of the conservative Project for Privacy and Surveillance Accountability, called the proposal “smoke and mirrors.”

The legislation did win over at least one key lawmaker, however: Rep. Warren Davidson, who had earlier introduced an amendment to attach a ban on the government buying American’s information from third-party data brokers, and who was a chief co-sponsor of legislation requiring a warrant for U.S. person searches under Section 702.

“Collectively, this set of reforms provides robust privacy protections for American citizens. Congress should bank this win and reauthorize Section 702,” Davidson said on X. “Then, we should swiftly begin gutting the unmitigated surveillance state left growing unchecked during these 702 fights.”

But it doesn’t look like it has yet won over enough conservative House Freedom Caucus members, and few Democrats have been on board with Johnson’s plans.

Rep. Ted Lieu, D-Calif., indicated on X in harsh terms that he doesn’t trust FBI Director Kash Patel with current Section 702 powers.

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