Page 30 - Europe

Taylor Swift tour gives boost to European economy, shows BofA Data

Cities across the globe are reaping economic benefits as consumers splurge on experiences and live entertainment

Germany backs ending EU tax break that helps Shein, Temu keep prices low

Under current EU regulations, packages purchased online from a non-EU country are not subject to customs duties if their value is under 150 euros

Second global AI summit secures safety commitments from companies

Alphabet's Google, Meta, Microsoft and OpenAI, and firms from China, South Korea and the UAE are among the firms

Europe sets benchmark for rest of the world with landmark AI laws

EU vote came two months after lawmakers backed AI legislation drafted in 2021

France unrest: Protestors block New Caledonia roads as police pour in

Road blocks were making it difficult to supply food to stores in several areas and provide secure travel for medical staff, New Caledonia government officials said

Tesla doing damage-control, offers discounts to European fleet buyers

The efforts include unofficial discounts on purchases of new cars if they are in stock and efforts to address widespread service

Europe, West being fed negative stories about India: British journalist

In a candid assessment of the perception of India in the Western world, Stevenson told ANI expanded on the prevalence of negative narratives fuelled by media coverage

India, UAE conclude meeting on India Middle East Europe Economic Corridor

The first inter-ministerial delegation from India held meetings from May 15-17 under the Intergovernmental Framework Agreement between the two countries concerning cooperation for the empowerment and operation of the India-Middle East-Europe Economic Corridor (IMEEC).According to the Indian Embassy in Abu Dhabi press release, the IMEEC will provide effective alternate supply routes generating efficiencies and reducing costs. Indian Ambassador to UAE Sunjay Sudhir led the discussions with key entities like DP World UAE, AD Ports Group and UAE's Federal Customs Authority."The Indian delegation comprised of senior officials from Ministry of Shipping, Ports & Waterways, Ministry of Commerce and Industry, Central Board of Excise and Customs and Deendayal Upadhyay Port, Kandla," the press release stated."They visited Khalifa Port, Fujairah Port and Jebel Ali Port where they held detailed discussions with the respective Port authorities for facilitating the movement of goods between ...

Slovakia's PM Fico stable but in serious condition, says hospital

Slovakia's populist prime minister, Robert Fico, was shot multiple times and gravely wounded Wednesday after a political event in an attempted assassination that shocked the small country and reverberated across Europe. Doctors were still fighting for his life several hours after the pro-Russian leader, 59, was shot in the abdomen, Defense Minister Robert Kalina told reporters outside the hospital where Fico was being treated for his wounds. He said an operation on Fico was not yet complete and described his condition as extraordinarily serious. At least four shots were fired outside a cultural center in the town of Handlova, nearly 140 kilometers (85 miles) northeast of the capital, where Fico was meeting with supporters, the government said. A suspect was in custody, and an initial investigation found a clear political motivation behind the assassination attempt, Interior Minister Matus Sutaj Estok said as he briefed reporters alongside the defense minister. There's no doubt abo

Ukraine risks dragging West into major war with Russia, says Putin ally

President Vladimir Putin's war in Ukraine has touched off the worst breakdown in relations between Russia and the West since the 1962 Cuban Missile Crisis

France declares emergency in New Caledonia amid violent protests

The violence, the worst in decades, is the latest flash point in long-running tensions over Paris' role in the archipelago

Russia warns EU of strong response if restrictions imposed on Russian media

Russian Foreign Ministry Spokeswoman Maria Zakharova said that Western correspondents in Moscow would feel response if the European Union took action against Russian media

Severe solar storm brings dazzling Aurora, threatens to trigger blackouts

The last time a storm this strong struck Earth was in October 2003, which caused power outages in Sweden and damaged transformers in South Africa

Some European firms are souring on China, business lobby group warns

EU Commission chief Ursula von der Leyen and French President Emmanuel Macron urged Xi on Monday to ensure more balanced trade

UK PM Rishi Sunak asks university chiefs to fight rise in antisemitism

British Prime Minister Rishi Sunak on Thursday urged university chiefs to address the rise in antisemitic abuse on campus and disruption of learning in reaction to the Israel-Hamas conflict. Sunak and his ministers will meet with university vice-chancellors to ensure a zero-tolerance approach to antisemitic abuse is adopted on all campuses, Downing Street said. The government said it wants to make it clear that debate and the open exchange of views in universities is essential but that this can never tip over into hate speech, harassment or incitement of violence. Universities should be places of rigorous debate but also bastions of tolerance and respect for every member of their community, said Sunak. A vocal minority on our campuses are disrupting the lives and studies of their fellow students and, in some cases, propagating outright harassment and antisemitic abuse. That has to stop, he said. The meeting is to also help to inform planned government guidance on combatting ...

Xi Jinping arrives in Hungary for talks on expanding Chinese investments

Chinese President Xi Jinping arrived in Hungary late Wednesday, the final stop on his five-day European tour, where he's expected to finalize a number of agreements with Prime Minister Viktor Orbn that will deepen China's economic footprint in the region. Xi is set to spend two nights in the Hungarian capital Budapest where he will meet with Orbn and Hungarian President Tams Sulyok. Talks will center on future Chinese investments in the Central European country, which has courted deep economic ties with Beijing even as mainstream European leaders have pursued more protectionist policies to limit its reach on the continent. Orbn, a nationalist populist whose illiberal policies have pushed him to the fringes of the European Union, made his country the first in the 27-member bloc to participate in Xi's signature Belt and Road Initiative. Hungary has straddled a middle ground between its membership in the EU and NATO and a willingness to establish diplomatic and trade relationships with

Amazon breaks Europe's 5G telecoms market through Telefonica cloud deal

The move by the subsidiary of Spanish group Telefonica is a global first where an existing mobile operator is switching its core network to a public cloud

Jinping arrives in Europe to reinvigorate ties at time of global tensions

Chinese President Xi Jinping kicked off a three-country trip to Europe on Sunday with the continent divided over how to deal with Beijing's growing power and the US-China rivalry. European carmakers are losing ground to subsidised Chinese electric vehicles. Diplomats fret about alleged Chinese spies in European capitals. And China's continued defence trade with Russia worries anyone in Europe who supports war-ravaged Ukraine and fears that the Russian army won't stop there. But Europe and China have hefty economic ties EU-China trade is estimated at 2.3 billion euros per day and Xi appears determined to rebuild and deepen relations with European leaders after a prolonged absence prompted by the COVID-19 pandemic. Xi starts Sunday in France, whose president wants Europe to have more economic and strategic independence from other world powers. Then the Chinese president heads to Serbia and Hungary, both seen as China-friendly and close to Russian President Vladimir Putin, and ...

As Xi Jinping visits Europe, Ukraine, trade likely to be top priority

Ukraine, trade and investment are expected to dominate Chinese leader Xi Jinping's first trip to Europe in five years, as the Asian giant rebuilds its foreign relations after a prolonged absence during the Covid-19 pandemic. Xi will start the tour in Paris on Monday, meeting with French President Emmanuel Macron, who has been stressing the idea of European strategic autonomy from the U.S. On a visit to Beijing last year, Macron courted controversy by saying France would not necessarily always align with the US in foreign policy, an apparent reference to American support for the self-governing republic of Taiwan, which China claims as its own territory to be annexed by force if necessary. After leaving France, Xi will visit Hungary and Serbia, both seen as China-friendly and close to Russian President Vladimir Putin, rebuffing Western criticism of his full-scale invasion of Ukraine. Xi's European visits will be closely followed in Washington for signs of diminishing support for its k

Why HSBC must prioritise Asian expertise in CEO search after Quinn retires

HSBC, Europe's largest lender by assets with a balance sheet of $3 trillion, is increasingly betting on its historic Asian ties to raise profits, as competition crimps revenue growth in other regions.