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Russian oil finds its way to Europe via India; India now biggest exporter of fuel to EU

Russian oil finds its way to Europe via India; India now biggest exporter of fuel to EU

Sun, Nov 10, 2024

India's export of fuels like diesel to the European Union jumped 58 per cent in the first three quarters of 2024, with a bulk of them likely coming from refining discounted Russian oil, according to a monthly tracker report.

Meta slapped with $102 million privacy-related penalty

Meta slapped with $102 million privacy-related penalty

Fri, Sep 27, 2024

Meta was punished Friday with a fine worth more than USD 100 million from the social media giant's European Union privacy regulator over a security lapse involving passwords for Facebook users.

EU transfers 1.5 billion euros of frozen Russian assets to aid Ukraine

EU transfers 1.5 billion euros of frozen Russian assets to aid Ukraine

Sat, Jul 27, 2024

In a statement on Friday, the EU said this was the first payment derived from immobilised Russian assets.

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UK would regret no-deal Brexit ''for ever'' - business minister

UK would regret no-deal Brexit ''for ever'' - business minister

Sat, Feb 02, 2019

The impacts "could fall across every transport mode ... and could grow exponentially as ... the capabilities of responders at all levels decrease or become overwhelmed," the document offering guidance to officials working in a planned emergency response centre said.

UK firms plan mass exodus over no-deal Brexit

UK firms plan mass exodus over no-deal Brexit

Sun, Jan 27, 2019

The development comes before a crucial week in Parliament, in which MPs will try to wrest control from Prime Minister Theresa May's government in order to delay Brexit and avoid a no-deal outcome.

Take Five: World market themes for the week ahead

Take Five: World market themes for the week ahead

Sat, Jan 19, 2019

The optimism has driven sterling to two-month highs against the dollar, with 4 percent-plus gains from Jan 3 lows. Options markets too imply further pound strength over the three-month period that encompasses the deadline.

U.S. to seek comprehensive agriculture access in EU trade talks

U.S. to seek comprehensive agriculture access in EU trade talks

Sat, Jan 12, 2019

Agricultural issues were among the major sticking points in past negotiations for a major U.S.-EU trade deal, the Trans-Atlantic Trade and Investment Partnership (TTIP), before talks were shelved after Donald Trump was elected president in 2016.

No consensus on digital tax directive targeting tech giants

No consensus on digital tax directive targeting tech giants

Wed, Dec 05, 2018

European Union finance ministers were unable to reach an agreement on digital services tax reforms that would target the revenues raised by tech giants like Google and Facebook after various member states opposed the proposed directive.

Google News may shut down in EU over ''link tax''

Google News may shut down in EU over ''link tax''

Mon, Nov 19, 2018

Google is deeply concerned about the current proposals, which are designed to compensate struggling news publishers if snippets of their articles appear in search results, Richard Gingras, the search engine`s Vice President of News told the Guardian.

Brexit divource deal: UK PM Theresa May soldiers on amid ongoing rebellion

Brexit divource deal: UK PM Theresa May soldiers on amid ongoing rebellion

Fri, Nov 16, 2018

The current draft is a provisional agreement until both sides can agree on a final pact for their future trading relationship and sets out commitments over citizens' rights after Brexit, the proposed 21-month transition period, and a 39 billion-pound so-called "divorce bill" that the UK would pay as a price to exit the economic bloc.

Brexit deal: British, EU negotiators reach a framework agreement

Brexit deal: British, EU negotiators reach a framework agreement

Tue, Nov 13, 2018

A European source said a technical agreement had been struck but still needed political approval both on the British and European sides. Ireland's public broadcaster RTE cited two government sources saying a text crucially resolves the Irish border issue -- a key sticking point.

EU pushes for October Brexit agreement, but threatens no deal

EU pushes for October Brexit agreement, but threatens no deal

Thu, Sep 20, 2018

May promised new proposals to reassure Dublin that it would not end up with a "hard border" with the British province of Northern Ireland but warned that she too could live with a no-deal outcome -- though many around the summit in Salzburg do not believe that that is a credible threat.

Theresa May presses her Brexit plan with EU to avoid disorderly UK departure

Theresa May presses her Brexit plan with EU to avoid disorderly UK departure

Wed, Sep 19, 2018

Before a two-day European Union summit starts on Wednesday evening, May showed no sign of backing away from her Brexit plan, shrugging off criticism at home and in Brussels over her proposals for future trade relations, the biggest policy shift for Britain in almost half a century.

EU Parliament won't accept Brexit deal threatening four EU freedoms

EU Parliament won't accept Brexit deal threatening four EU freedoms

Tue, Nov 22, 2016

The European Parliament will not accept an agreement for Britain`s exit from the European Union that would endanger any of the four EU freedoms, including the freedom of movement of people, parliament`s negotiator Guy Verhofstadt said on Tuesday.

Facebook to open new London HQ, create 500 new UK jobs

Facebook to open new London HQ, create 500 new UK jobs

Mon, Nov 21, 2016

Facebook will open a new London headquarters next year and create another 500 jobs, the leading social network said Monday, despite uncertainty over Brexit.

India to get electricity from offshore wind energy in 5 years

India to get electricity from offshore wind energy in 5 years

Mon, Oct 31, 2016

India will get electricity generated by wind-propelled plants installed in Gujarat and Tamil Nadu in about five years as part of the country's green energy development programmes, an energy expert has said.

British PM to lead trade delegation to India

British PM to lead trade delegation to India

Tue, Oct 25, 2016

British Prime Minister Theresa May today announced that she will be leading a trade delegation to India next month, as her government seeks new relationships after Britain leaves the European Union.

India complains to WTO on inconsistent renewable energy subsidies from US

India complains to WTO on inconsistent renewable energy subsidies from US

Tue, Sep 13, 2016

India has moved the World Trade Organisation (WTO) against the subsidy given by eight US states in renewable energy under American domestic content requirements, the Commerce Ministry said on Tuesday.

UK economy will suffer after Brexit said British PM Theresa May

UK economy will suffer after Brexit said British PM Theresa May

Sun, Sep 04, 2016

Theresa May predicted that the vote would damage the economy and said the government would continue to monitor economic data in the coming months before setting out its fiscal response to protect the economy later this year.

PM Modi's Cabinet clears Rs 500 crore project development fund for Asian region

PM Modi's Cabinet clears Rs 500 crore project development fund for Asian region

Wed, Aug 31, 2016

The Union Cabinet on Wednesday cleared a proposal to create a Rs 500 crore project development fund to increase economic presence in Cambodia, Laos, Myanmar and Vietnam, which can act as gateways for market access to China and the European Union (EU).

India-UK looking to set up a joint 'sub-fund'

India-UK looking to set up a joint 'sub-fund'

Tue, Aug 30, 2016

Officials from both India and UK are jointly exploring creation of an India-UK sub-fund under the NIIF umbrella.

Apple may have to pay over $1 billion as EU to rule against Irish tax laws

Apple may have to pay over $1 billion as EU to rule against Irish tax laws

Tue, Aug 30, 2016

The European Commission accused Ireland in 2014 of dodging international tax rules by letting Apple shelter profits worth tens of billions of dollars from tax collectors in return for maintaining jobs.

There is possibility of India-UK free trade pact: Nirmala Sitharaman

There is possibility of India-UK free trade pact: Nirmala Sitharaman

Mon, Aug 29, 2016

India and the UK on Monday deliberated upon ways to boost the two-way trade besides possibility of negotiating a free trade agreement (FTA).

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