Page 16 - European Union

Russian missiles hit Ukraine, damage EU mission and British council offices

Russia said its attack had hit military industrial facilities and air bases, and that Ukraine had also attacked Russian targets. The Kremlin said it was still interested in pursuing peace talks

Finland's President Stubb, PM Modi discuss India-EU trade and tech ties

Finland's President Alexander Stubb on Tuesday reiterated his country's support for an early conclusion of a mutually beneficial India-EU Free Trade Agreement in a phone call to Prime Minister Narendra Modi. A PMO statement said the two leaders also reviewed progress in the India-Finland bilateral relationship and reaffirmed their commitment to enhance partnership in emerging fields, including quantum technologies, 6G, artificial intelligence, cybersecurity and sustainability. Stubb affirmed support for the success of the AI Impact Summit to be hosted by India in 2026, it added. The statement said Stubb shared his assessment with Modi on the recent meetings held between the leaders of Europe, the United States and Ukraine in Washington on the resolution of the conflict in Ukraine. Modi reiterated India's consistent support for the peaceful resolution of the conflict and early restoration of peace and stability, it added.

EU clears twice-yearly HIV shot lenacapavir, paving way for Europe rollout

The drug, called lenacapavir, is a form of pre-exposure prophylaxis (PrEP) that prevents the virus from replicating and spreading within the body

SOCAR Turkey CFO Teymur Abasguliyev to head Nayara Energy as CEO

Russian oil giant Rosneft-backed Nayara Energy has appointed Teymur Abasguliyev as the new CEO of the company, replacing a European national who had to resign following EU sanctions on the company. The appointment of Abasguliyev, an Azerbaijan national who currently as the chief financial officer at SOCAR Turkiye Enerji A.S, was confirmed by the Nayara board at its meeting on Tuesday, two sources aware of the matter said. Nayara spokesperson did not immediately respond to an email sent for comments. Educated at Azerbaijan's Baku State University, Abasguliyev previously worked at PricewaterhouseCoopers from 1996 to 2013. He has been the CFO of Group Companies at SOCAR Trkiye Enerji A.S. since 2013. Nayara Chief Executive Alessandro Des Dorides had to quit shortly after the European Union imposed sanctions on the refiner as part of a new raft of measures against Russia over its war with Ukraine. Sergey Denisov, who was Nayara's Chief Development Officer, was named the interim CEO ..

EU defends digital tax rules after Trump warns of tariffs on tech firms

Trump has long railed against EU tech and antitrust regulation over US tech giants including Alphabet Inc.'s Google, Apple Inc. and Meta Platforms Inc

Commerce Secretary Sunil Barthwal to push FTA talks with EU in September

Finalising a trade deal with the trade bloc has been a key priority for New Delhi, and it has now become even more critical

That Oval Office frame & India: Lessons from Trump's deal with Europe

Putin sees this as a victory. Europeans have decided to deal with Trump on his terms for the sake of the larger Western alliance. We look at the lessons for us in India

EU, US set new steps to cut tariffs and boost transatlantic trade

The development underscores the nature of trade talks under Trump, with some initial, broad pronouncements of deals giving way to weeks or more of work to hammer out detailed agreements

Sanctions-hit Nayara Energy uses dark fleet to import oil, transport fuels

Nayara, which controls about 8 per cent of India's 5.2 million barrel-per-day refining capacity, has been struggling to transport fuel since being placed under EU sanctions

Ukraine peace push: Key takeaways from Trump-Zelenskyy White House talks

Ukrainian President Volodymyr Zelenskyy and European leaders met Donald Trump at the White House to discuss ending the war, with talks on peace, weapons support and a meeting with Putin

Trump meets Zelenskyy, European leaders at White House: What they said

Trump met Zelenskyy and European leaders at the White House to discuss ending the Russia-Ukraine conflict; leaders stressed ceasefire, unity, and security guarantees

Trump meets Zelenskyy, says Ukraine war might be the 'easiest to end'

Trump met Zelenskyy at the White House, days after talks with Putin in Alaska, and said both leaders wanted peace as European leaders joined negotiations on Ukraine

EU push to protect digital rules holds up trade statement with US: Report

EU officials said disagreements over language relating to non-tariff barriers, which the US said include the digital rules, are among the reasons for the hold-up

European Union sanctions cloud lenders' confidence in Nayara Energy

SBI halts trade, foreign currency transactions to avoid adverse action

EU appeals to Trump to defend Europe's interests at war summit with Putin

European Union leaders appealed on Tuesday to US President Donald Trump to defend their security interests at a key summit with his Russian counterpart Vladimir Putin later this week over the war in Ukraine. The Europeans are desperate to exert some influence over a Friday meeting that they have been sidelined from. It remains unclear whether even Ukraine will take part. Trump has said that he wants to see whether Putin is serious about ending the war, now in its fourth year. But Trump has disappointed US allies in Europe by saying that Ukraine will have to give up some Russian-held territory. He also said that Russia must accept land swaps, although it remains unclear what Putin might be expected to surrender. The Europeans and Ukraine are wary that Putin, who has waged the biggest land war in Europe since 1945 and used Russia's energy might to try to cow the EU, might secure favourable concessions and set the outlines of a peace deal without them. In a statement early on Tuesday,

FTAs may give India a share in $875 bn imports to EU, UK from China: BCG

India's proposed free trade agreement (FTAs) with the European Union could unlock access to a USD 875 billion market and bring tariff parity with ASEAN peers as the country navigates a critical juncture in the evolving global trade landscape, Boston Consulting Group (BCG), India-head Rahul Jain said. Last month, India and the UK inked a landmark FTA that will cut tariffs on British whisky, cars and an array of items, besides boosting bilateral trade by around USD 34 billion annually. The FTA is expected to benefit 99 per cent Indian exports from tariff. "The global trade environment is undergoing a structural transformation where geopolitics and economic nationalism are becoming as important as cost-efficiency and comparative advantage. Trade today is increasingly influenced by preferential access for partner nations, punitive tariffs and sanctions for adversaries and incentives that are rewiring supply chains to boost domestic production in strategic sectors," he told PTI. The ...

July cooler than last 2 yrs, but extreme weather impacts seen: Scientists

The world experienced its third-warmest July on record this year, the European Union agency that tracks global warming said Thursday, with temperatures easing slightly for the month as compared with the record high two years ago. Despite the slightly lower global average temperature, scientists said extreme heat and deadly flooding persisted in July. Two years after the hottest July on record, the recent streak of global temperature records is over for now. But this doesn't mean climate change has stopped, said Carlo Buontempo, director of the Copernicus Climate Change Service. We continued to witness the effects of a warming world. The EU monitoring agency said new temperature records and more climate extremes are to be expected unless greenhouse gas concentrations in the atmosphere are brought down. On July 25, Turkey recorded its highest-ever temperature of 50.5 degrees Celsius as it battled wildfires. While not as hot as July 2023 or July 2024, the hottest and second-hottest o

Nayara seeks India's help to ship fuel as EU sanctions disrupt operations

Nayara Energy has asked the Indian government for help with fuel shipping and payments after EU sanctions disrupted its operations and made it hard to find vessels and banking support

Stakes for India and the US are very high, need a win-win trade deal

Even the 27 collective countries of the European Union - despite having a much larger market than the United States

Nayara seeks Indian bank as EU sanctions disrupt payments for crude oil

Nayara Energy, partly owned by Russia's Rosneft, is struggling to access banking services after EU sanctions and is in talks with Indian lenders like UCO Bank