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German energy regulator to slash LNG feed-in rates
Date: June 3, 2022
FRANKFURT (Reuters) – Germany will slash feed-in rates for pumping liquefied natural gas (LNG) into its pipelines from new floating LNG terminals next year, the network regulator said on Friday, as the country seeks to lessen dependency on pipeline gas from Russia. The rates for injecting annual and quarterly gas delivery volumes from LNG points...
China’s draft cybersecurity rules pose risks for financial firms, lobby group warns
Date: June 2, 2022
By Selena Li HONG KONG (Reuters) – China’s proposed cybersecurity rules for financial firms could pose risks to operations of western companies by making their data vulnerable to hacking, among other things, a leading lobby group has said in a letter seen by Reuters. The latest regulatory proposal comes at a time when a string...
EDF should sell more cheap power to rivals to cap price hikes -regulator
Date: June 1, 2022
By Benjamin Mallet PARIS (Reuters) – French utility EDF should sell more cheap nuclear power to rivals next year to keep a lid on soaring electricity prices, the country’s energy regulator said on Wednesday in a move that piles more pressure on the state-owned utility. The regulator said the government should set the amount of...
Amazon.com says unfairly targeted by U.S. antitrust bill
Date: June 1, 2022
By David Shepardson and Diane Bartz WASHINGTON (Reuters) – Amazon.com Inc on Wednesday lambasted a bill in Congress barring tech giants from giving preference to their own businesses on their websites, saying it unfairly singles the retailer out while not subjecting rivals to similar regulations. The Senate could vote on the bill as early as...
Keeping control in a regulated industry: The compliance challenge for financial services
Date: May 19, 2022
By Mat Clothier, CEO at Cloudhouse For companies in highly regulated industries such as the financial sector, many can find themselves losing pace with the sheer volume of regulatory introductions coming in, despite having an obligation to ensure compliance with them. It’s a constant treadmill that can leave IT teams and regulatory professionals scrambling to...
Bitcoin back below $30,000; European regulators renew crypto warnings
Date: May 16, 2022
HONG KONG (Reuters) – Cryptocurrencies resumed their slide on Monday, giving up the gains they had eked out over the weekend, as regulators continued to circle. European officials reiterated warnings of risks posed by cryptocurrencies. Bitcoin fell 5% to around $29,700 on Monday in Asian trade, sliding alongside stocks because of worries about high inflation...