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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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India, European Union relaunch talks for free trade agreement; Goyal says pact to help unleash significant untapped potential

India, European Union relaunch talks for free trade agreement; Goyal says pact to help unleash significant untapped potential

Sat, Jun 18, 2022

The minister said they were here to relaunch the negotiations for a fair, equitable and balanced free trade agreement (FTA) between the EU and India.

Crude oil prices open higher on European Union's Russian oil ban and end of Shanghai lockdown

Crude oil prices open higher on European Union's Russian oil ban and end of Shanghai lockdown

Wed, Jun 01, 2022

Oil prices rose in early Asian trade on Wednesday after European Union leaders agreed to a partial and phased ban on Russian oil and China ended its COVID-19 lockdown in Shanghai.

Crude oil prices rise after European Union bans most Russian oil imports

Crude oil prices rise after European Union bans most Russian oil imports

Tue, May 31, 2022

Brent crude futures for July, which expires on Tuesday, gained 33 cents to $122 a barrel at 0054 GMT. The more active August contract rose 33 cents to $117.93.

Crude oil climbs ahead of European Union meeting on Russia sanctions

Crude oil climbs ahead of European Union meeting on Russia sanctions

Mon, May 30, 2022

Brent crude futures gained 46 cents, or 0.4%, to $119.89 a barrel at 0111 GMT, while U.S. West Texas Intermediate (WTI) crude futures jumped 60 cents, or 0.5%, to $115.67 a barrel, extending solid gains from last week.

USA, EU, UK agree to remove selected Russian banks from SWIFT; what will be its impact?

USA, EU, UK agree to remove selected Russian banks from SWIFT; what will be its impact?

Sun, Feb 27, 2022

The United States, European Union and United Kingdom agreed to block "selected" Russian banks from the SWIFT global financial messaging system and to impose "restrictive measures" on its central bank.

French anti-trust watchdog fines Google 500 mn euros - Here is why

French anti-trust watchdog fines Google 500 mn euros - Here is why

Tue, Jul 13, 2021

Last year, the French competition authority ordered that Google must negotiate deals with news organisations to show extracts of articles in search results, news and other services

EU fines Volkswagen, BMW 875mn euros for emissions cartel

EU fines Volkswagen, BMW 875mn euros for emissions cartel

Fri, Jul 09, 2021

The European Commission (EC) on Thursday fined German carmakers Volkswagen and BMW a total of 875 million euros ($1.036 billion) for colluding to curb the use of emission cleaning technology in diesel cars.

EU-US summit seeks to end trade disputes

EU-US summit seeks to end trade disputes

Wed, Jun 16, 2021

The European Union (EU) and the United States held their first summit in seven years on Tuesday as US President Joe Biden was on his first overseas trip since taking office to revamp the transatlantic ties

EU regulators begin closer scrutiny of $2.1bn Google-Fitbit deal

EU regulators begin closer scrutiny of $2.1bn Google-Fitbit deal

Sat, Jul 04, 2020

The EU regulators have asked rivals whether the Google-Fitbit deal will disadvantage fitness tracking apps hosted in Google`s Play Store.

European Union, Britain clash over a post-Brexit trade deal

European Union, Britain clash over a post-Brexit trade deal

Tue, Feb 04, 2020

The European Union and Britain clashed over a post-Brexit trade deal on Monday, with the two sides setting out very different visions of a future relationship. Britain officially left the EU almost three days ago

Sovereignty comes first: Britain lays out tough stance for EU trade talks

Sovereignty comes first: Britain lays out tough stance for EU trade talks

Mon, Feb 03, 2020

Britain laid out a tough opening stance for future talks with the European Union on Sunday, saying it would set its own agenda rather than meeting the bloc`s rules to ensure frictionless trade

Singapore trade deal to boost EU's presence in SE Asia

Singapore trade deal to boost EU's presence in SE Asia

Wed, Nov 20, 2019

A free trade agreement between the European Union and Singapore will put EU-based businesses closer to one of the worlds fastest-growing consumer markets.

UK PM Johnson loses majority in parliament after lawmaker defects to Liberal Democrats

UK PM Johnson loses majority in parliament after lawmaker defects to Liberal Democrats

Tue, Sep 03, 2019

British Prime Minister Boris Johnson lost his working majority in parliament on Tuesday when one of his Conservative lawmakers defected to the pro-European Union Liberal Democrats.

Cambodian PM says China ready to help if EU imposes sanctions

Cambodian PM says China ready to help if EU imposes sanctions

Mon, Apr 29, 2019

Cambodia benefits from the EU`s "Everything But Arms" trade scheme which allows the world`s least developed countries to export most goods to the EU free of duties.

Blow to Google, Facebook as EU approves tougher copyright rules

Blow to Google, Facebook as EU approves tougher copyright rules

Tue, Apr 16, 2019

Under new copyright rules aimed at ensuring fair compensation for the European Union`s $1 trillion creative industries, which employ 11.7 million people in the bloc, Google will have to pay publishers for news snippets and Facebook filter out protected content.

US proposes tariffs on $11 billion of EU products

US proposes tariffs on $11 billion of EU products

Tue, Apr 09, 2019

The WTO found that the subsidies have an "adverse impact" on the US, reports said. "This case has been in litigation for 14 years and the time has come for action."

G20 must tackle root causes of trade tensions that threaten growth: EU

G20 must tackle root causes of trade tensions that threaten growth: EU

Sat, Apr 06, 2019

"The international community has to tackle the root causes of the ongoing trade tensions by ensuring a level playing field for open and free trade in goods and services, investment and intellectual property rights," the joint EU statement said.

European Union drags India to WTO over import duties on ICT products

European Union drags India to WTO over import duties on ICT products

Wed, Apr 03, 2019

The European Union (EU) Tuesday said it has dragged India into WTO's dispute settlement mechanism over imposition of import duties on certain ICT product, including mobile phones, alleging breach of global trade norms.

EU fines Google $1.7 billion for unfair online ad rules

EU fines Google $1.7 billion for unfair online ad rules

Wed, Mar 20, 2019

The European Union`s antitrust regulators on Wednesday fined Google 1.49 billion euros ($1.7 billion) for abusing its dominance in the online search market by blocking rivals.

European Union rules Italian bank rescue legal in blow to antitrust watchdog

European Union rules Italian bank rescue legal in blow to antitrust watchdog

Tue, Mar 19, 2019

After the dispute with Brussels over the rescue of Tercas, Italian authorities intervened to help four other small banks in 2015 and then saved larger Banca Monte dei Paschi di Siena and two smaller north-eastern Italian banks in 2017.

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