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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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GDPR Violation: Facebook, Apple, Twitter face EU probes .

GDPR Violation: Facebook, Apple, Twitter face EU probes .

Sat, Mar 02, 2019

Since the application of the GDPR, the DPC has seen a significant increase in the number of complaints received. Between May 25 and December 31, 2018, 2,864 complaints were received by the DPC.

EU warns UK Prime Minister Theresa May for her demand to reopen Brexit deal

EU warns UK Prime Minister Theresa May for her demand to reopen Brexit deal

Wed, Feb 20, 2019

Reinforcing the message, EU Commission President Jean-Claude Juncker made it clear that he had little hope that something fruitful would emerge during his evening with UK Prime Minister.

German industry views Brexit, Trump as biggest risks to growth and prosperity

German industry views Brexit, Trump as biggest risks to growth and prosperity

Wed, Dec 26, 2018

The German economy, Europe`s largest, is expected to post its weakest growth rate in many years in 2018 as exporters are facing headwinds from abroad. But vibrant domestic demand means many companies are still able to expand business.

Brexit impact: Britain's retail sector axed 150,000 jobs in 2018

Brexit impact: Britain's retail sector axed 150,000 jobs in 2018

Mon, Dec 24, 2018

And more gloom is forecast next year as retailers continue to struggle in anticipation of Britain's departure from the European Union. "While parliament is obsessed with Brexit, business rates and low growth are killing the high street," said Professor Joshua Bamfield, who is director of the CRR consultancy.

Brexit divorce deal: Indian-origin minister leads resignations in fresh jolt for Theresa May

Brexit divorce deal: Indian-origin minister leads resignations in fresh jolt for Theresa May

Thu, Nov 15, 2018

Minutes after Vara stepped down as Northern Ireland minister, Prime Minister May was hit by a bigger blow as her Brexit Secretary Dominic Raab resigned from the Cabinet saying he "cannot in good conscience" support the draft of the withdrawal agreement with the 28-member bloc.

EU executive conditionally approves Daimler, BMW car-sharing deal

EU executive conditionally approves Daimler, BMW car-sharing deal

Thu, Nov 08, 2018

The European Union`s competition authority said on Wednesday it had approved the plan of German luxury carmakers Daimler and BMW to combine their car-sharing businesses, subject to conditions.

Indian firms lagging on compliance of EU data protection rule: EY

Indian firms lagging on compliance of EU data protection rule: EY

Tue, Aug 14, 2018

Many Indian firms, including some of those with Rs 10,000 crore revenue, have been found to be lagging on compliance of European Union data protection rule, according to a survey conducted by advisory firm EY.

EU warns carmakers manipulating new emissions tests

EU warns carmakers manipulating new emissions tests

Wed, Jul 25, 2018

The EU`s new tests aim to better measure on-road emissions after regulators found Volkswagen`s rigging was only part of a much wider effort to manipulate laboratory test to show much lower pollution than vehicles emitted on roads.

Quitting EU could hit UK households by up to 960 pounds a year: report

Quitting EU could hit UK households by up to 960 pounds a year: report

Fri, Jul 20, 2018

The report by consulting firm Oliver Wyman focused on five different Brexit scenarios, where the size of the annual economic impact would vary between 245 and 960 pounds depending on whether the UK avoids EU tariffs.

European Union set to fine Google billions over Android issue: sources

European Union set to fine Google billions over Android issue: sources

Tue, Jul 17, 2018

The EU is set to fine US internet giant Google several billion euros this week for freezing out rivals of its Android mobile phone system, sources said, in a ruling that risks fresh tensions with Washington.

EU ready to open talks with US to fix trade row - Malmstrom

EU ready to open talks with US to fix trade row - Malmstrom

Thu, Jun 21, 2018

Describing the U.S. tariffs as "illegal" and contravening World Trade Organization (WTO) rules, Malmstrom said there was no option but to take retaliatory action to protect European interests and jobs.

EU to impose duties on U.S. imports Friday after Trump tariffs

EU to impose duties on U.S. imports Friday after Trump tariffs

Wed, Jun 20, 2018

The European Union will begin charging import duties of 25 percent on a range of U.S. products on Friday, in response to U.S tariffs imposed on EU steel and aluminium early this month, the European Commission said on Wednesday.

Iran oil payment route likely to be blocked from November

Iran oil payment route likely to be blocked from November

Fri, Jun 15, 2018

India will from November not be able to use European banks for making payments for crude oil it buys from Iran as US sanctions against the Persian Gulf nation take effect, senior officials said today, reports PTI.

US hits allies Canada, Mexico and the European Union with tariffs as trade war fears rise

Thu, May 31, 2018

US President Donald Trump announced the tariffs in March as part of an effort to protect U.S. industry and workers from what he described as unfair international competition. Temporary exemptions were granted to a number of nations and permanent ones to several countries including Australia, Argentina and South Korea.

Banks push back Bank of England rate forecasts after growth data shock

Banks push back Bank of England rate forecasts after growth data shock

Mon, Apr 30, 2018

Banks have pushed out their predictions for when the Bank of England will raise interest rates after data last week showed a sharp and unexpected slowdown in Britain`s economic growth.

EU and Mexico agree new free trade pact

EU and Mexico agree new free trade pact

Sun, Apr 22, 2018

Since its plans for a trade alliance with the United States were frozen after Trump`s election victory, the EU has focused instead on trying to champion open markets and seal accords with other like-minded countries.

What Donald Trump wants from Europe is still unclear, EU trade chief says

Fri, Mar 23, 2018

The European Union`s trade chief is unsure what US President Donald Trump wants in return for a permanent EU exemption from steel tariffs but she warned on Friday that she would resist pressure to cut EU duties on U.S. cars.

China vs US: After Donald Trump picks up trade weapons, Dragon sends fiery message

China vs US: After Donald Trump picks up trade weapons, Dragon sends fiery message

Fri, Mar 23, 2018

Alarm over Trump`s protectionist leanings mounted earlier this month after he imposed hefty import tariffs on steel and aluminium under Section 232 of the 1962 U.S. Trade Expansion Act, which allows safeguards based on "national security".

WhatsApp not to share British users' data with Facebook

WhatsApp not to share British users' data with Facebook

Thu, Mar 15, 2018

The European Union (EU) is introducing the GDPR in May to harmonise data privacy laws. Facebook-owned WhatsApp is reportedly working on a new data privacy option in compliance with the new legislation.

President Trump threatens to tax European auto imports

President Trump threatens to tax European auto imports

Sun, Mar 04, 2018

US President Donald Trump kept up pressure on trading partners on Saturday, threatening European automakers with a tax on imports if the European Union retaliates against his plan to slap tariffs on aluminium and steel. Trump`s tweet suggested he is refusing to yield to U.S.

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