EU

Gemini exits the UK, the EU, and Australia, and cuts 25% of its staff; the crypto exchange is refocusing on the US as “foreign markets have proven hard to win”

Quick Take  — Gemini links its latest layoffs to a push for a leaner, more automated operating model, saying increased use of AI lets it run faster with fewer staff.

Margrethe Vestager is stepping down as the EU's competition chief to run for a job at the EIB, and justice commissioner Didier Reynders will now assume the role

The EU's Thierry Breton visits California to discuss the DSA with Elon Musk and Mark Zuckerberg, and a new AI Pact with Zuckerberg, Sam Altman, and Jensen Huang