| Mobile Web

Search results for Christine Lagarde

Finance

Financial sector hacking spreads, delays gain support for digital asset tax postponement

A string of hacking incidents in South Korea’s financial sector has led to confirmed personal data leaks at savings banks and mutual finance groups, prompting authorities to step up inspections and security requirements. Banks are moving to raise cybersecurity spending and expand fraud prevention systems using AI. Market volatility and a steep stock selloff also drew a policy response. Political debate intensified over postponing digital asset taxation and regulating exchange shareholders.

Finance

Lagarde says euro zone economy solid, digital euro nears

The European Central Bank is continuing preparations for a retail digital euro, Cointelegraph reported on Oct. 17. ECB President Christine Lagarde said in a speech at the International Monetary Fund annual meeting that a digital euro would further spur innovation and competition in retail payments. She said it is meant as digital cash for daily payments, not a replacement for banknotes. Lagarde also described inflation and the ECB’s gradual policy response.

AI & Enterprise

European AI firms warn slowing frontier AI would cement U.S. lead, push back on calls for brakes

Major European AI companies are pushing back against calls from leading U.S. labs to slow frontier AI development, saying it could hinder competition and cement a U.S. lead. They warn new evaluation rules and cooperation frameworks could raise costs for smaller European developers. The debate comes as Europe trails the United States and China in AI investment, computing infrastructure and top model performance, even as some European countries show higher generative AI use.