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European Union

European Union announces $8 billion package of aid for Egypt

European Union announces $8 billion package of aid for Egypt

Sun, Mar 17, 2024

The deal is scheduled to be signed during a visit by European Commission president Ursula von der Leyen and the leaders of Belgium, Italy, Austria, Cyprus and Greece, according to Egyptian officials.

India, EFTA ink free trade agreement

India, EFTA ink free trade agreement

Sun, Mar 10, 2024

The agreement has 14 chapters, including trade in goods, rules of origin, intellectual property rights (IPRs), trade in services, investment promotion and cooperation, government procurement, technical barriers to trade and trade facilitation.

Russia diamond producer Alrosa's annual net profit drops 15.2%

Russia diamond producer Alrosa's annual net profit drops 15.2%

Wed, Feb 28, 2024

The European Union added Alrosa, Russia's biggest diamond producer, to its sanctions list in January as part of punitive measures it has imposed on Moscow over the war in Ukraine.

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Mercedes-Benz to update combustion engine cars amid EV demand slowdown

Mercedes-Benz to update combustion engine cars amid EV demand slowdown

Thu, Feb 22, 2024

The company, which has been preparing for all-electric sales by 2030, said it now expects electrified sales - including hybrids - to account for up to 50% of the total by that date.

Microsoft's OpenAI investment could trigger EU merger review

Microsoft's OpenAI investment could trigger EU merger review

Tue, Jan 09, 2024

The European Commission said it's “checking whether Microsoft's investment in OpenAI might be reviewable” under regulations covering mergers and acquisitions that would harm competition in the 27-nation EU.

Adobe terminates $20 billion deal to buy rival Figma amid regulatory headwinds

Adobe terminates $20 billion deal to buy rival Figma amid regulatory headwinds

Tue, Dec 19, 2023

“Adobe and Figma strongly disagree with the recent regulatory findings, but we believe it is in our respective best interests to move forward independently,” said Shantanu Narayen, chair and CEO, Adobe.

EU agrees law to hit fossil fuel imports with methane emissions limit

EU agrees law to hit fossil fuel imports with methane emissions limit

Wed, Nov 15, 2023

The law will now be put to the European Parliament and EU countries for final approval. That step is usually a formality that waves through pre-agreed deals.

Australia says EU trade deal is likely years away after rejecting terms

Australia says EU trade deal is likely years away after rejecting terms

Mon, Oct 30, 2023

Australia's agriculture minister, Murray Watt, said the EU - one of the world's largest markets - had only slightly tweaked the proposal it put on the table three months ago.

EU seeks to ease US tariff, green subsidy threats

EU seeks to ease US tariff, green subsidy threats

Mon, Oct 16, 2023

The EU is hoping that the summit will also yield an agreement on critical minerals - cobalt, graphite, lithium, manganese and nickel - that would benefit EU suppliers.

Moldovan president says 'decisive' action needed to defend democracy

Moldovan president says 'decisive' action needed to defend democracy

Thu, Oct 12, 2023

The war has also meant that Moldova, with a population of 2.4 million and one of Europe's poorest countries, has sometimes seen Russian missiles land occasionally on its territory.

EU sees 'convergence' with Japan on AI - official

EU sees 'convergence' with Japan on AI - official

Mon, Oct 09, 2023

The Group of Seven industrial powers are discussing guidelines for generative AI, a technology being met with excitement and concern, under a process established in Hiroshima.

EU launches first phase of world's first carbon border tariff

EU launches first phase of world's first carbon border tariff

Sun, Oct 01, 2023

The planned tariff has caused disquiet among trading partners and at a forum last month, China's top climate envoy Xie Zhenhua urged countries not to resort to unilateral measures such as the EU levy.

UK to ease finance sector rules to boost investment post-Brexit

UK to ease finance sector rules to boost investment post-Brexit

Thu, Sep 28, 2023

The draft legislation proposes to increase the threshold at which so-called ring-fencing applies to banks from 25 billion pounds ($30 billion) to 35 billion pounds.

China could do 'a lot' to reduce EU perception of risk -EU trade chief

China could do 'a lot' to reduce EU perception of risk -EU trade chief

Mon, Sep 25, 2023

Europe's economic ties with China are deep, but China "could do a lot to help reduce our perception of risk," Trade Commissioner Valdis Dombrovskis said in a speech delivered at the Tsinghua University in Beijing.

Big Tech braces for EU Digital Services Act regulations

Big Tech braces for EU Digital Services Act regulations

Thu, Aug 24, 2023

Two of the companies singled out for early regulation – e-commerce giant Amazon and German fashion retailer Zalando – are currently challenging their inclusion on the list in court.

Commodity Live: Big jump in palm oil import!

Commodity Live: Big jump in palm oil import!

Thu, Jul 06, 2023

Palm Oil: If June is considered in the last few months, then the import of Palm Oil is seen at a height of 3 months and there is a jump of about 49%, now it has to be seen what will be its effect on the domestic supply?

DGCA signs pact with EU Aviation Safety Agency for cooperation on drones and air mobility

DGCA signs pact with EU Aviation Safety Agency for cooperation on drones and air mobility

Wed, Jul 05, 2023

The Directorate General of Civil Aviation (DGCA) has entered into a pact with European regulator EASA for cooperation in the areas of unmanned aircraft systems and innovative air mobility.

Adobe's $20 billion Figma acquisition under lens in EU: Report

Adobe's $20 billion Figma acquisition under lens in EU: Report

Tue, Jun 20, 2023

Software major Adode's $20 billion acquisition of cloud-based designer platform Figma is reportedly under scrutiny by the antitrust regulators in the European Union, the media reported on Tuesday.

Spotify fined over $5 million for breaching data access rights in Sweden

Spotify fined over $5 million for breaching data access rights in Sweden

Wed, Jun 14, 2023

Music streaming platform Spotify has been fined about $5.4 million in Sweden for breaching the data access rights of users in the European Union (EU).

EU gives the go-ahead to Microsoft's $69 B deal to purchase Activision Blizzard

Mon, May 15, 2023

But the blockbuster deal is still in jeopardy because British regulators have rejected it and U.S. authorities are trying to thwart it.

Piyush Goyal says free trade agreement with European Union may take longer to conclude

Piyush Goyal says free trade agreement with European Union may take longer to conclude

Sat, Feb 25, 2023

According to the union minister, the European Union will take a longer time, because there are 27 countries that have to come on the same page. Last year, India signed FTAs with Australia and the United Arab Emirates.

New Sanctions On Russia By European Union, Watch This Video For Details

New Sanctions On Russia By European Union, Watch This Video For Details

Wed, Oct 12, 2022

The European Union released the 8th list of sanctions on Russia. Which product has been banned this time? Which domestic companies will benefit? And what will be its effect? Know full details from Nupur.

OPEC+ to cut oil output as prices fall amid fears of global recession

OPEC+ to cut oil output as prices fall amid fears of global recession

Tue, Sep 06, 2022

OPEC+ has stuck with only cautious increases to make up for deep cuts made during the COVID-19 pandemic, which were finally restored in August.

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