European Union

Cyprus to supply natural gas to Europe by 2028 as EU seeks new sources

European consumers can expect natural gas from an undersea deposit off Cyprus to help meet their energy needs as early as March 2028, the island nation's energy minister said. Michael Damianos said the East Mediterranean is fast becoming an alternative energy source for European nations as Russia's war in Ukraine and upheaval in the Middle East compel the continent to seek out new sources. Damianos said partners TotalEnergies of France and Italy's Eni made a final decision last month to proceed with developing the Cronos natural gas field off Cyprus' southern coast. The project will be the first time gas from east Mediterranean deposits is supplied to European markets. "It's important for Europe at this time because of the war in Ukraine, because of this situation in the Middle East, that Cyprus is going to be an alternative source of gas," Damianos told The Associated Press in an exclusive interview Friday. According to the Eni-TotalEnergies consortium timetable, work on a pipelin

EU in talks with OpenAI, Anthropic after rogue AI agent hacking incidents

Europe's AI Act, which kicks in on August 2, is the first legislation in ‌the world to regulate a technology ​used in almost all sectors of ​businesses and society

Heat pushes Europe's major rivers toward historic lows, disrupting trade

As water levels in the Rhine and Danube fall toward record lows, that's starting to disrupt the transport of chemicals, oil products and other goods, while boosting freight costs

Indian steel exports may fall up to 30% in FY27 as EU tightens quotas

Crisil Intelligence says lower EU duty-free quotas and stiffer competition could reduce exports and put pressure on domestic steel prices this financial year

EU AI Act: What changes as new transparency rules take effect from August 2

The European Union's AI transparency rules become applicable from August 2, bringing mandatory disclosures for certain AI-generated content and significant penalties for violations

Trump threatens fresh EU tariffs after $1 billion Google antitrust fine

Trump said Washington would launch a Section 301 trade investigation into EU after regulators imposed antitrust fine on Google, calling the penalties discriminatory against US technology firms

Spain declares national emergency over wildfires, France asks EU for help

French authorities ordered the total evacuation of the Cap Ferret peninsula, a tourism hotspot busy for the summer season, as smoke and flames drew closer to homes

Google hit with $1 billion EU fine for breaking antitrust regulations

The European Commission fined Google €890 million for breaching Big Tech rules, while acknowledging progress in the company's efforts to comply with the EU's Digital Markets Act

Alibaba's AliExpress fined $629 million by EU over illegal products

The EU has fined Alibaba-owned AliExpress a record $629 million, citing failures in content moderation, seller enforcement, and efforts to stop the sale of illegal products

EU orders Google to open services to AI, search rivals under Big Tech rules

EU regulators have told Google to give OpenAI, other AI developers and search competitors greater access to its services under the Digital Markets Act, despite the company's objections

European Union may propose a law curb children's access to social media

The EU is joining a growing global movement to restrict children's access to social media over mental health and safety concerns

India-EU FTA likely to be rolled out by Apr-Jun 2027: EU chief negotiator

The India-EU free trade agreement is likely to take effect in the April-June quarter of 2027 after ratification, according to the European Commission's chief negotiator

Apple loses challenge against EU's rules over App Store, iPhone rules

The EU's General Court upheld Apple's designation as a gatekeeper for its App Store and iOS, reinforcing antitrust regulators' efforts to boost competition under the Digital Markets Act

Europe's heatwave lifts demand for China's portable air conditioners

Midea could see consumer air conditioning sales in Europe grow by more than 20% Y-o-Y for 2nd quarter while Haier could record double-digit growth for its European air-conditioner segment this year

Google loses EU top court battle over $4.7 bn Android antitrust fine

The European Court of Justice ruled on Thursday that Google's earlier defeat against a European Commission penalty should stand

EU holds 'constructive' talks with Apple CEO Tim Cook after Siri AI clash

EU regulators and Apple traded barbs last month over competition rules that the US company says have stopped it ‌releasing its upgraded assistant Siri AI in ​the bloc

Why Indian manufacturers fear Europe's tighter rules on metal scrap exports

The EU's new waste shipment rules could make imported metal scrap harder to access. Here's why Indian manufacturers are worried and what it means for steel and aluminium