Page 20 - European Union

Apple takes fight against $587 million EU antitrust fine to court retaining

Apple, which had previously said it would seek legal redress, filed its lawsuit on Monday, the deadline for doing so

EU hopes for Trump tariff deal by July 9 deadline after 'good exchange'

It was not immediately clear, however, whether there had been a meaningful breakthrough in talks to stave off the imposition of sweeping tariff hikes on the United States' largest trading partner

How European Union got stuck between Xi's China and Trump's America

Many European countries remain heavily dependent on China for industrial materials. And European exports to China remain substantial, especially from Germany

Biocon Biologics gets UK MHRA nod for biosimilars Vevzuo, Evfraxy

Biocon Ltd on Monday said its arm Biocon Biologics Ltd has received marketing authorisations from the Medicines and Healthcare products Regulatory Agency (MHRA) in the UK for Vevzuo and Evfraxy, biosimilars of Denosumab used in the treatment of bone-related diseases. Vevzuo is authorised for the prevention of skeletal-related events (pathological fracture, radiation to bone, spinal cord compression or surgery to bone) in adults with advanced malignancies involving bone, Biocon said in a regulatory filing. It is also authorised for the treatment of adults and skeletally mature adolescents with giant cell tumour of bone that is unresectable or where surgical resection is likely to result in severe morbidity. On the other hand, Evfraxy is authorised for the treatment of osteoporosis in postmenopausal women and in men at increased risk of fractures, the company said. In postmenopausal women, this significantly reduces the risk of vertebral, non-vertebral, and hip fractures, it ...

Active negotiations under way with over a dozen countries to finalise BIT

India is actively negotiating bilateral investment treaties (BITs) with over a dozen countries, including Saudi Arabia, Qatar, Israel, Oman, European Union, Switzerland, Russia, and Australia, a government official said. Besides these nations, talks are underway with Tajikistan, Cambodia, Uruguay, Maldives, Switzerland, and Kuwait. These investment treaties help in protecting and promoting investments in each other's countries. With India approaching to become the third-largest economy and a hub for global manufacturing, the government is taking a series of measures to further improve its investment regime that encourages investors. "It is expected that in the next 3-6 months, BIT with some of these countries will be finalised and announced," the official added. The government in the last Budget has announced revamping the current model Bilateral Investment Treaty to make it more investor-friendly and attract foreign players. The country signed BITs with two countries in 2024. La

China retaliates to EU ban with import restrictions on medical devices

Tensions between Beijing and Brussels have been rising, with the European Union imposing tariffs on China-built electric vehicles and Beijing slapping duties on imported brandy from the bloc

DGCA pulled up Air India Express over Airbus engine rule violations: Report

DGCA pulled up Air India Express over Airbus engine, fake compliance record

No trade deal under pressure; India's interest first, says Goyal on US pact

India does not enter into any trade agreement based on deadlines and will accept the proposed trade deal with the US only when it is fully finalised, properly concluded and in the national interest, Commerce Minister Piyush Goyal said on Friday. He also said that India is negotiating free trade agreements (FTAs) with different countries, including European Union, New Zealand, Oman, the US, Chile, and Peru. FTAs are possible only when both sides get benefitted and it should be a win-win agreement, he told reporters when asked about the proposed interim trade agreement with the US. "National interest should always be supreme. Keeping that in mind, if a deal is made then India is always ready to deal with developed countries," Goyal said. When asked if an interim trade agreement between the two countries is possible by July 9, he said, "India never does any trade deal based on deadline or time frame. When the deal is done properly, and is completely finalised and is in the country's .

Google faces EU antitrust complaint over AI overviews by publishers

The company is making its biggest bet by integrating AI into search but the move has sparked concerns from some content providers such as publishers

China to EU: Russian defeat in Ukraine may push US to target Beijing next

China's Wang Yi told the EU that a Russian defeat would shift US pressure to China, denied aiding Moscow, and hinted at cutting trade dialogue in protest

2 killed in Spanish wildfire as extreme heat wave hits parts of Europe

Europe's continuing heat wave on Wednesday helped fuel a deadly wildfire in Spain while the European Union presented plans to reduce greenhouse gas emissions under scorching temperatures. The blaze that broke out late on Tuesday created an enormous thick plume of ash and smoke that rose 14,000 metres into the sky, making it the largest registered by firefighters in Catalonia, a northeastern region of Spain. Two farmers were killed while apparently trying to flee in a vehicle, local authorities said Wednesday. Firefighters said that the fire spread at 28 kph (17 mph) at one point as it consumed 6,500 hectares (16,000 acres) mostly of grain fields. Wildfires today are not like they were before, Salvador Illa, the regional president of Catalonia, said. These are extremely dangerous. From the very first moment, it was considered to be beyond the capacity of extinction. I mean that not even with two or three times the number of firefighters, they have told me, it would have been possib

Google offers new search tweaks to counter EU antitrust scrutiny: Report

The company, owned by Alphabet, will meet its rivals and the European Commission to discuss its proposals during a July 7-8 workshop in Brussels, the document said

Donald Trump says US ending trade discussions with Canada over digital tax

We will let Canada know the Tariff that they will be paying to do business with the USA within the next seven day period, said Trump

EU prepared for breakdown in US trade talks: European Commission prez

The European Commission president said at a press conference in the early hours of Friday that her team is still assessing the latest US tariff offer

European Union raises 2025-26 soft wheat crop forecast to 128.2 mn tonnes

The Commission made upward revisions for Romania and Spain, where plentiful rainfall in recent months has boosted crop conditions

EU leaders meet to discuss tougher Russia sanctions, Trump tariffs

The heads of the European Union's 27 member nations will meet Thursday in Brussels to discuss tougher sanctions on Russia, ways to prevent painful new US tariffs, and how to make their voices heard in the Middle East conflicts. Most of the leaders will arrive from a brief but intense NATO summit where they pledged a big boost in defense spending, and papered over some of their differences with US President Donald Trump. Ukrainian President Volodymyr Zelenskyy will join the EU summit by videoconference, after meeting Trump on Wednesday. US-led NATO downgraded Ukraine from a top priority to a side player this week, but Russia's war in Ukraine remains of paramount concern for the EU. Members will be discussing an 18th round of sanctions against Russia and whether to maintain a price cap on Russian oil, measures that some nations oppose because it could raise energy prices. Meanwhile, Trump's threatened tariffs are weighing on the EU, which negotiates trade deals on behalf of all 27 .

FTAs with US, EU soon; exporters to get full govt backing: Sitharaman

Finance Minister says trade deals with US and EU near finalisation as she assures Indian exporters of full support amid global slowdown and volatile trade conditions

Fearing China rivals, Stellantis and Renault lobby EU for fewer rules

Over the last two months, Stellantis Chairman John Elkann and Renault CEO Luca de Meo have engaged in a rare public campaign to get the European Union to consider the matter

Europeans see 'opportunity' for diplomacy as they meet Iran's top diplomat

Iran's foreign minister plans to meet in Geneva on Friday with leading European counterparts, who hope to open a window for a diplomatic solution to the week-old military conflict that has seen Israeli airstrikes target Iranian nuclear and military sites and Tehran firing back. British Foreign Secretary David Lammy, who will meet Iran's Abbas Araghchi together with his French and German counterparts and the European Union's foreign policy chief, said that a window now exists within the next two weeks to achieve a diplomatic solution. The talks will be the first face-to-face meeting between Western and Iranian officials since the start of the conflict. Lammy is traveling to Geneva after meeting in Washington with US Secretary of State Marco Rubio and President Donald Trump's Mideast envoy, Steve Witkoff. Trump has been weighing whether to attack Iran by striking its well-defended Fordo uranium enrichment facility, which is buried under a mountain and widely considered to be out of .

Foreigners evacuated by air, land and sea as Israel-Iran conflict worsens

Countries are evacuating their nationals from Israel and Iran by air, land and sea as conflict rages between the bitter rivals. Days of attacks and reprisals by the two enemies have shuttered airspace across the Middle East, severely disrupting commercial flights and leaving people unable to get in or out of the region easily. Some governments are using land borders to get their citizens out by road to countries where airports remain open. Thousands of foreigners have already left since the conflict started last week when Israel launched surprise missile strikes on Iran. Bulgaria Bulgaria has moved all its diplomats from Tehran to the capital of Azerbaijan, Baku, the Balkan country's prime minister said Thursday. We are not closing the embassy, ??but moving it to Baku until the danger passes, said Prime Minister Rosen Zhelyazkov. A group of 89 Bulgarians was evacuated from Israel by plane to Sofia, along with 59 nationals from Slovenia, the US, Belgium, Albania, Kosovo and ...