Page 12 - Europe

Aurobindo Pharma to begin supplies to Europe from China plant in April

Aurobindo Pharma will commence supplies to Europe from its China facility from April onwards, according to Chief Financial Officer Santhanam Subramanian. The Hyderabad-based drug maker commenced operations at the facility in the last week of November 2024 and is now ramping up the production. "The China plant will start billing sometime in the month of April, mainly to the European markets," Subramanian told analysts in a call. The company has received European regulatory approvals and can initiate product supply to the market, he added. "We are in the process of getting it (in China) and after that there may be an inspection for the US (market) also," Subramanian said. The company expects good traction coming out of the China plant over the next 2-3 years, he noted. When asked about revenue projections, Subramanian stated: "This being the first year, we may not like to, but certainly I see a significant revenue coming up in two to three years' time." On a query regarding the ..

Europeans to respond to US at Munich conference as Trump admin upends norms

European leaders trying to make sense of a tough new line from Washington on issues including democracy and Ukraine's future were set to express their reactions on Saturday, as the Trump administration continues to upend trans-Atlantic conventions that have been in place since after World War II. German Chancellor Olaf Scholz and Ukrainian President Volodymyr Zelenskyy were to speak on the second day of the Munich Security Conference, a day after US Vice President JD Vance all but scolded European allies over democracy and raised questions about the US commitment to help Ukraine's defence against Russian forces. US President Donald Trump held a phone call with Russian President Vladimir Putin this week in which he said the two leaders would likely meet soon to negotiate a peace deal. Trump later assured Zelenskyy that he, too, would have a seat at the table. The war was sparked by Russia's invasion of Ukraine three years ago. Already Friday, the Ukrainian leader said that his countr

Internal issues bigger threat than China or Russia: Vance warns EU leaders

In his first significant speech at the Munich Security Conference as vice president, Vance condemned European politicians, accusing them of suppressing free speech, mishandling immigration

Europe quietly plans to send troops to Ukraine for post-war security

Increasingly alarmed that US security priorities lie elsewhere, a group of European countries has been quietly working on a plan to send troops into Ukraine to help enforce any future peace settlement with Russia. Britain and France are at the forefront of the effort, though details remain scarce. The countries involved in the discussions are reluctant to tip their hand and give Russian President Vladimir Putin an edge should he agree to negotiate an end to the war he launched three years ago. What is clear is that Ukraine's President Volodymyr Zelenskyy needs a guarantee that his country's security will be assured until peace takes hold. The best protection would be the NATO membership that Ukraine has long been promised, but the US has taken that option off the table. I won't get into the particular capabilities, but I do accept that if there is peace then there needs to be some sort of security guarantee for Ukraine and the UK will play its part in that, British Prime Minister Ke

Europe's pharma, car giants most at risk from Trump's tariff threats

Trump ordered his administration on Thursday to consider imposing reciprocal tariffs on a country-by-country basis

Plane carrying Marco Rubio forced to return to US ahead of Europe trip

An Air Force plane carrying Secretary of State Marco Rubio and Senate Foreign Relations Committee chairman, Sen Jim Risch, to Germany for the Munich Security Conference was forced to return to Washington late Thursday after developing a mechanical issue. This evening, en route from Washington to Munich, the plane on which Secretary Rubio is flying experienced a mechanical issue, State Department spokeswoman Tammy Bruce said. "The plane has turned around and is returning to Joint Base Andrews, she said. The secretary intends to continue his travel to Germany and the Middle East on a separate air craft. The issue with what one official said had to do with the cockpit windshield on the C-32, a converted Boeing 757, occurred about 90 minutes after the flight took off from Joint Base Andrews outside of Washington. Although Rubio plans to resume his journey on a new plane it was not immediately clear if the delay would cause him to miss a scheduled Friday morning meeting with Vice Presid

Europe can't turn Uncle Sam into 'Uncle Sucker,' says US defence secretary

Hegseth on Thursday defended his remarks as acknowledgement of battlefield realities and left the door open for US moves during negotiations that could be seen as concessions

Nato allies insist Ukraine and Europe must not be cut out of peace talks

Several NATO allies stressed on Thursday that Ukraine and Europe must not be cut out of any peace negotiations, after US President Donald Trump signalled that he would hold talks soon with Russian President Vladimir Putin. Let's not forget, Russia remains a threat well beyond Ukraine, UK Defence Secretary John Healey after the United States rattled NATO by saying that Ukraine should never join the alliance and that European allies should take responsibility for Ukraine's security going forward. There can be no negotiation about Ukraine without Ukraine. And Ukraine's voice must be at the heart of any talks, Healey told reporters at NATO headquarters, as the organization's 32 defense ministers met for talks on Ukraine. Swedish Defence Minister Pal Jonson said European nations provided about 60% of the military support to Ukraine last year and must be involved, especially given US. demands that Europe take more responsibility for Ukraine's security in the longer term. It's very natura

ArcelorMittal considers shifting European biz support activities to India

The steel industry in Europe is facing several major challenges which are threatening the future of steelmaking on the continent

Europe to embrace AI on day 2 of Paris summit amid unclear global consensus

According to Macron, European Commission President Ursula von der Leyen will announce on Tuesday a new AI strategy for the bloc

US officials bound for Europe for top-level talks on Russia-Ukraine war

President Donald Trump's national security adviser said Sunday that top administration officials will meet with European officials this week about how to end the war in Ukraine, nearly three years after Russia launched an all-out invasion. Less than a day earlier, the New York Post reported that Trump had a phone call with Russian leader Vladimir Putin to discuss steps toward a negotiated solution. There was no immediate confirmation from the White House or the Kremlin. National Security Advisor Mike Waltz declined to comment in a television interview. Waltz said the Russian economy is not doing well and that Trump is prepared to tax, to tariff, to sanction Moscow to get Putin to the negotiating table. But Waltz also underscored the Trump administration is looking to use this week's engagements to begin talks on clawing back some of the United States' assistance to Ukraine. He said European allies will also need to take a greater role in supporting Ukraine going forward. We need t

We're very interested in Indian contemporary art: Met Director Max Hollein

Support for Indian art at the Met is diverse, it comes not only from India but also from the US and beyond, says Hollein

Ukraine ready for talks on war, US, Europe must also take part: Zelenskyy

Zelenskyy, who had long called for all Russian troops to leave Ukraine as a pre-condition, has in recent weeks spoken of the need for talks on moving the conflict to a just end

EU leaders scramble to avoid friction with US, avoid 'stupid tariff war'

After three years spent trying to deter Russia from destroying Ukraine, European Union leaders grappled on Monday with how to respond to a major ally who appears determined to start a trade war or even seize part of their territory. It would be a cruel paradox if, during the time of this direct Russian threat and Chinese expansion, the EU and the United States might end up in a conflict among allies," said Polish Prime Minister Donald Tusk, whose country currently holds the EU's rotating presidency. Since taking office last month, US President Donald Trump has threatened to impose tariffs on EU imports and refused to rule out military force to take control of Greenland, an autonomous territory of NATO ally Denmark. Trump has also mystified Europeans by showing little sign of how he intends to end the war in Ukraine within six months as promised, let alone in a day, as he boasted while campaigning last year. We have to do everything to avoid this totally unnecessary and stupid tarif

5 years after Britain left EU, full impact of Brexit still emerging

Five years ago Friday, two crowds of people gathered near Britain's Parliament some with Union Jacks and cheers, others European Union flags and tears. On Jan 31, 2020 at 11 pm London time midnight at EU headquarters in Brussels the U.K. officially left the bloc after almost five decades of membership that had brought free movement and free trade between Britain and 27 other European countries. For Brexit supporters, the U.K. was now a sovereign nation in charge of its own destiny. For opponents, it was an isolated and diminished country. It was, inarguably, a divided nation that had taken a leap into the dark. Five years on, people and businesses are still wrestling with the economic, social and cultural aftershocks. The impact has been really quite profound, said political scientist Anand Menon, who heads the think-tank U.K. in a Changing Europe. It's changed our economy. And our politics has been changed quite fundamentally as well, he added. We've seen a new division around

China's big EV push into Europe fizzles out on EU tariffs and slowdown

Brands led by SAIC Motor Corp.'s MG registered 3.5 per cent fewer EVs in the region for all of 2024, according to data from automotive researcher Dataforce

Coca-Cola recalls some soft drinks in Europe over safety concerns

Coca-Cola has recalled some of its soft drinks in Europe after higher-than-normal levels of a chemical called chlorate were detected in bottles and cans at a production plant in Belgium. Batches of Coca Cola, Fanta, Sprite, Minute Maid and Fuze Tea were among the products recalled in Belgium, Luxembourg and the Netherlands, the company said on Tuesday. The recall concerns drinks with production codes 328 GE to 338 GE. We are also in contact with authorities in a very small number of European markets France, Germany and Great Britain where a very limited quantity of stock was also shipped, the company said. No produce was recalled in those countries. Health authorities in Denmark, Portugal and Romania were notified by the European Union's rapid alert system to investigate whether shop shelves or vending machines had been stocked with potentially contaminated soft drinks. It designated the risk as serious. Chlorate comes from chlorine disinfectants which are used in the treatment o

Elon Musk backs German far-right AfD party's campaign launch amid protests

The AfD, recently making history as the first far-right party to win a state election since the Nazi era, has gained momentum in national polls

JSW Steel seeks syndicated loan of up to $900 mn from international lenders

JSW Steel's loan comes amid a busy period for Indian borrowers, with Reliance Industries and Greenko Energy Holdings's founders also tapping foreign debt as local funding rates remain elevated

Europe may need over 100 extra gas cargoes to refill shrinking stocks

EU gas storage sites have emptied faster this year than in recent winters and are currently 59% full, according to the latest data from Gas Infrastructure Europe