Page 40 - Europe

European ESG funds sell more of their Adani Group shares, shows data

Shares bearing the Adani name now appear in about 480 so-called Article 8 funds - entities promising to promote environmental, social and governance goals under European Union rules

India, Denmark have strong, historic silver traditions: Danish Crown Prince

India and Denmark have "strong and historic silver traditions", Danish Crown Prince Frederik Andr Henrik Christian said on Monday and expressed hope that both the nations will serve as a true example of artistic cultural exchange to the rest of the world. Denmark's Crown Prince and Crown Princess Mary Elizabeth, are currently visiting India, and the royal couple inaugurated an exhibition -- "Silver Treasure from India and Denmark" -- showcasing more than 250 prizes silverware from both the countries, during their visit to the National Museum in Delhi. As part of the exhibition, about 150 objects, including one from the Mohenjo-daro era, have been sourced from the National Museum's reserved collection, and a range of rare silverware, some of them more than 300 years old, from Museum Kolding in Denmark, officials said. After a ceremonial event held at the National Museum, the Denmark's Crown Prince and Crown Princess, later opened the exhibition and were given a tour of the ...

BASF to cut 2,600 jobs as firm adjusts to future without cheap Russian gas

Europe's competitiveness is increasingly suffering from overregulation, slow and bureaucratic permitting processes, and in particular, high costs for most production input factors

G20: India stresses diplomacy as world marks a year of war in Europe

The FMCBG meeting will look to find lasting solutions to the issue of unsustainable debt in some low- and middle-income nations

Fans barred from European soccer game in Moldova amid Russian plot fear

A European soccer game in Moldova will be played in an empty stadium on Thursday amid concerns about alleged Russian-backed attempts to overthrow the national government. UEFA said Tuesday no fans will be allowed in the stadium when Sheriff hosts Serbian club Partizan in the first leg of a Europa Conference League knockout playoff. The behind-closed-doors order was due to the decision of the authorities in Moldova, UEFA said in a statement. It came one day after the president of Moldova, Maia Sandu, described an alleged Russian plot against her country's government using external saboteurs. Moldova, a former Soviet republic of about 2.6 million people, has sought to build stronger ties with the European Union since its neighbour Ukraine was invaded by Russia one year ago. Serbia is a traditional ally of Russia and fans of Partizan from Belgrade were expected at the game in the Moldovan capital Chisinau. Sheriff is from Tiraspol in the separatist region of Transnistria and its gam

Ford to cut 3,800 engineering, administration jobs in Europe in next 3 yrs

Around 2,300 jobs will go at the carmaker's Cologne and Aachen sites in Germany, 1,300 in the UK and 200 in the rest of Europe, the company said

Google starts new campaign to expand misinformation 'prebunking' in Europe

After seeing promising results in Eastern Europe, Google will initiate a new campaign in Germany that aims to make people more resilient to the corrosive effects of online misinformation. The tech giant plans to release a series of short videos highlighting the techniques common to many misleading claims. The videos will appear as advertisements on platforms like Facebook, YouTube or TikTok in Germany. A similar campaign in India is also in the works. It's an approach called pre-bunking, which involves teaching people how to spot false claims before they encounter them. The strategy is gaining support among researchers and tech companies. There's a real appetite for solutions, said Beth Goldberg, head of research and development at Jigsaw, an incubator division of Google that studies emerging social challenges. Using ads as a vehicle to counter a disinformation technique is pretty novel. And we're excited about the results. While belief in falsehoods and conspiracy theories isn't n

European banks operating in India seek 2-year breather for ESMA deadline

Resolution between ESMA, RBI before May 1, 2023 seen as unlikely

Samvardhana Motherson's profit jumps 85% in Q3 on demand recovery

BENGALURU (Reuters) - Indian auto components maker Samvardhana Motherson International Ltd said its third-quarter profit jumped 85%, meeting estimates.

Europe ops will be out of woods only in next FY: Tata Steel's T V Narendran

"Fundamentally, we believe that having fewer sites with larger capacity potential per site is better and more efficient"

European states dispatch rescue teams to Turkey, Syria after deadly quakes

Teams from Bulgaria, Croatia, the Czech Republic, France, Greece, Hungary, Italy, the Netherlands, Poland and Romania had been sent to the earthquake-stricken areas

Europe bans Russian diesel, other oil products over Ukraine conflict

Europe imposed a ban Sunday on Russian diesel fuel and other refined oil products, slashing energy dependency on Moscow and seeking to further crimp the Kremlin's fossil fuel earnings as punishment for invading Ukraine. The ban comes along with a price cap agreed by the Group of Seven allied democracies. The goal is allowing Russian diesel to keep flowing to countries like China and India and avoiding a sudden price rise that would hurt consumers worldwide, while reducing the profits funding Moscow's budget and war. Diesel is key for the economy because it is used to power cars, trucks carrying goods, farm equipment and factory machinery. Diesel prices have been elevated due to recovering demand after the COVID-19 pandemic and limits on refining capacity, contributing to inflation for other goods worldwide. The new sanctions create uncertainty about prices as the 27-nation European Union finds new supplies of diesel from the U.S., Middle East and India to replace those from Russia

Europe reaches deal for $100 per barrel price cap on Russian diesel

European Union governments tentatively agreed on Friday to set a USD 100-per-barrel price cap on sales of Russian diesel to coincide with an EU embargo on the fuel steps aimed at ending the bloc's energy dependence on Russia and limiting the money Moscow makes to fund its war in Ukraine. Diplomats representing the 27 EU governments set the cap on Russian diesel fuel, jet fuel and gasoline ahead of a ban taking effect on Sunday. It aims to reduce Russia's income while keeping its diesel flowing to non-Western countries to avoid a global shortage that would send prices and inflation higher. The information was provided by diplomats from 3 different EU member nations ahead of a formal announcement by the Group of Seven major industrialized nations. They spoke on condition of anonymity because the official announcement would come later. The USD 100-per-barrel cap applies to Russian diesel and other fuels that sell for more than the crude oil used to make them. Officials agreed on a US

Tata considers Spain, Britain for EV battery plant for supply in Europe

India's Tata is considering setting up a battery cell plant for electric vehicles (EV) in Spain or Britain

Dollar sustains momentum, rise slightly as traders await US jobs numbers

The dollar picked up against the euro, with the latter down 0.1% to $1.09 in early European trading

German unemployment rate climbs to 5.7% in January; over 2.62 mn jobless

The number of jobless people in Europe's largest economy rose by 162,000 month-on-month to just under 2.62 million in January

Euro zone economy unexpectedly grows in Q4 but weak 2023 looms

France registers unexpected GDP expansion while Italy shrinks

Instagram expands short-post feature 'Notes' for users in Europe, Japan

Social media platform Instagram has expanded its 'Notes' feature, a way for users to share their thoughts, to Europe and Japan

Australian dollar jumps, kiwi slumps after unexpected inflation data

The euro held near a nine-month peak against the dollar, as traders weighed a rosier growth outlook for the euro zone against growing signs of a looming US recession

English football clubs make up more than half of Europe's top earners

English football clubs cemented their position as the sport's wealth generators, making up more than half of Europe's top earners with Manchester City taking the top spot for a second year running