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AI & Enterprise

National AI Strategy Committee discusses AX social dialogue with European policymakers and labour leaders

South Korea\'s National AI Strategy Committee discussed employment, social inequality and democratic accountability stemming from AI transition, or AX, with European policy and labour figures. The committee said it met a high-level European delegation from the Friedrich Ebert Foundation\'s 2026 Future of Work Lab to discuss AI policy and the direction of social dialogue between Korea and Europe. It said both sides agreed national AI strategies should also consider jobs, social security and public trust.

Crypto

ECB warns stablecoin spread could undermine European bank deposit base

The European Central Bank has warned that the spread of stablecoins could eat into European banks’ retail deposits and has put forward a digital euro as a response. Executive Board member Piero Cipollone said banks that have already lost fees and transaction data to mobile payments could see their deposit base shaken. The ECB said falling deposits could weaken lending capacity and is moving ahead with a digital euro pilot planned for 2027.

AI & Enterprise

EU mulls tougher cloud procurement rules, raising possibility of excluding U.S. providers

The European Union is pushing to introduce stricter cloud service standards that could allow it to exclude Amazon, Microsoft and Google from key public tenders, Reuters reported. The move is set to be included in an upcoming Cloud and AI Development Act package. The European Commission plans to mandate digital sovereignty requirements for procurement in sensitive sectors and add use of EU-made software and hardware as a required evaluation item alongside price.