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AI in the European Union: Latest Developments and Trends (June 2025)

AI in the European Union: Latest Developments and Trends (June 2025)

Swedish Prime Minister Ulf Kristersson called for a pause on the EU AI Act’s rollout at a European Council meeting in late June 2025. European Commission Vice-President Henna Virkkunen said a targeted delay is possible if standards are not ready. Over two-thirds of European businesses report confusion over their AI Act obligations, according to Reuters. The EU plans to publish a voluntary Code of Practice for general AI models before August 2025.

Stock Market Today

  • Sensex surges 891 points on easing oil prices and IT stock rally
    March 20, 2026, 12:57 AM EDT. The S&P BSE Sensex jumped 891.55 points to 75,098.79 on Friday morning, led by a sharp recovery after Thursday's steep 3.26% fall, the worst in two years. Key drivers include a drop in crude oil prices-Brent crude fell 1.63% to $106.87 amid easing Middle East tensions-as well as positive global cues following assurances from U.S. and Israeli leaders about reduced attacks on Iranian energy infrastructure. Broad-based buying pushed the NSE Nifty50 up 277.90 points to 23,280.05. IT stocks led the gains, with the Nifty IT index rising 1.77%, supported by Tech Mahindra and OFSS among others. Analysts say markets are oscillating between hope and fear, but investor sentiment improved on hope of de-escalation and opportunities to buy after the recent sell-off.
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