Page 32 - European Union

EU tells Apple to end geo-blocking on its services such as App Store

The EU said Apple had one month to propose commitments on it would address the geo-blocking it had identified

EU High Representative condemns Israeli airstrike on Jabalia in Gaza

He stressed that the use of hunger as a weapon of war contradicts international humanitarian law

Euro hits lowest since June against dollar, US tariff may hurt EU economy

Market participants flagged that the sensitivity of the euro to the threat of higher U.S. import tariffs was evident late Friday.

Russian oil finds way to Europe; India now biggest exporter of fuel to EU

India's export of fuels like diesel to the European Union jumped 58 per cent in the first three quarters of 2024, with a bulk of them likely coming from refining discounted Russian oil, according to a monthly tracker report. The EU/G7 countries in December 2022 introduced a price cap and an embargo on the imports of Russian crude oil in a bid to cripple Kremlin's revenue and create a vacuum in its funding for the invasion of Ukraine. However, a lack of a policy on refined oil produced from Russian crude meant that countries not imposing sanctions could import large volumes of Russian crude, refine them into oil products and legally export them to the price-cap coalition countries. India has become the second biggest buyer of Russian crude oil since the invasion, with purchases rising from less than one per cent of the total oil imported in the pre-Ukraine war period to almost 40 per cent of the country's total oil purchases. The rise was primarily because Russian crude oil was ...

Apple to face first fine under EU's Digital Markets Act for Big Tech

Watchdogs are readying the penalty after the iPhone maker failed to allow app developers to steer users to cheaper deals and offers outside of the App Store

S Korea fines Meta $15 mn for illegally collecting info from Facebook users

South Korea's privacy watchdog on Tuesday fined social media company Meta 21.6 billion won ($15 million) for illegally collecting sensitive personal information from Facebook users, including data about their political views and sexual orientation, and sharing it with thousands of advertisers. It was the latest in a series of penalties against Meta by South Korean authorities in recent years as they increase their scrutiny of how the company, which also owns Instagram and WhatsApp, handles private information. Following a four-year investigation, South Korea's Personal Information Protection Commission concluded that Meta unlawfully collected sensitive information about around 980,000 Facebook users, including their religion, political views and whether they were in same-sex unions, from July 2018 to March 2022. It said the company shared the data with around 4,000 advertisers. South Korea's privacy law provides strict protection for information related to personal beliefs, politic

Russia suspected of plotting to send incendiary devices to US on planes

Governments across Europe have been raising alarm over a growing threat of Russia-sponsored acts of sabotage and destabilization since the Kremlin launched its full-scale invasion of Ukraine

South Korea, EU worry about Russia's technology transfer to North Korea

South Korea and the European Union on Monday strongly condemned North Korea's reported dispatch of troops to aid Russia's war against Ukraine and expressed concerns that Russia could reward North Korea with transfers of sensitive technology to enhance its nuclear and missile programs. North Korea's troop deployment, confirmed by the US and NATO, threatens to expand the almost 3-year-long war and is causing security jitters in South Korea and elsewhere about what Russia could give North Korea in return. After a meeting in Seoul, South Korean Foreign Minister Cho Tae-yul and EU foreign policy chief Josep Borrell issued a joint statement condemning in the strongest possible terms North Korea's deployment and voicing worries about Russia's possible provision of materials and technology to North Korea in support of its military objectives. We are also deeply concerned about the possibility for any transfer of nuclear- or ballistic missile-related technology to the DPRK, which would ...

China files complaint at WTO over EU anti-subsidy tariffs on Chinese EVs

China has moved forward with a complaint at the World Trade Organisation that alleges the European Union has improperly set anti-subsidy tariffs on new Chinese-made electric vehicles. The Chinese diplomatic mission to the WTO said Monday it strongly opposes the measures and insisted its move was designed to protect the EV industry and support a global transition toward greener technologies. The European bloc announced last month it was imposing import duties of up to 35% on electric vehicles from China, alleging the Chinese exports were unfairly undercutting EU industry prices. The duties are set to remain in force for five years, unless an amicable deal can be struck. Electric vehicles have become a major flashpoint in a broader trade dispute over the influence of Chinese government subsidies on European markets and Beijing's burgeoning exports of green technology to the bloc. China alleged that the EU move amounted to an abuse of trade remedies that violates WTO rules, and amount

China urges France to get EU to arrive at palatable EV trade solution

The EU launched an anti-subsidy investigation into imports of Chinese-made battery EVs last year and in October voted for tariffs on those vehicles

Japan, EU forge security pact amid rising tensions with China and Russia

Borrell emphasized the dangerous global climate, referring to the top security concerns for both Japan and the EU without specifically naming China, Russia, or North Korea

Japan, EU announce security & defence partnership as regional tensions rise

Japan and the European Union announced a security and defence partnership on Friday as they seek to step up military ties, including joint exercises and exchanges between their defence industries, amid growing tensions with China, North Korea and Russia. It is the first security partnership that the EU has concluded with an Indo-Pacific country, Japanese Foreign Minister Takeshi Iwaya and EU foreign policy chief Josep Borrell told reporters. We live in a very dangerous world. We live in a world of growing rivalries, climate accidents and threats of war. And there is only one antidote to this challenging world, which is partnerships among friends, Borrell said. It is an historical and very timely step given the situation in both of our regions. Borrell is in Tokyo as part of an East Asia tour that includes South Korea, where he will also hold a strategic dialogue, underscoring the EU's increasing engagement with the Indo-Pacific region, as China and Russia step up joint military ...

EU Parliament reaffirms support for Taiwan amidst China's war games

Report further indicated that European Parliament had previously suggested establishing bilateral investment agreement with Taiwan; however, many experts consider this move to be 'too ambitious'

EU to increase tariffs on Chinese EVs to protect its car industry: Report

The extra tariffs on China-made electric cars will go ahead as planned, despite ongoing talks with China and will apply as of Wednesday

Only one PIA bidder left: Why are buyers running away from Pak Airlines?

Initially, the government aimed to complete PIA's privatisation by June, but this timeline has since been pushed to October due to various delays

EU imposes up to 35% tariffs on Chinese EVs, Beijing takes matter to WTO

Chinese state-owned automotive giant SAIC Motor will pay the top tariff of 35.3 per cent, BYD 17 per cent, and Geely 18.8 per cent, in addition to the standard 10 per cent EU import duty

Spain an important partner of India within European Union, says MEA

This is the first visit by the President of Spain in nearly two decades. He is accompanied by his wife, Begona Gomez, and also two ministers

US, EU call for probe after reports of Georgia election violations

On Sunday, US Secretary of State Antony Blinken said the United States joined calls from observers for a full probe

EU leader praises Serbia for EU membership progress despite Russian impact

European Commission President Ursula von der Leyen on Friday praised the Serbian president for meeting her and other European Union leaders instead of attending a Russia-organized summit of developing economies held earlier this week. Serbia has close ties to Russia and has refused to join international sanctions on Moscow over its invasion of Ukraine. In a telephone conversation Sunday with Russian President Vladimir Putin, populist Serbian President Aleksandar Vucic said EU candidate Serbia would maintain its stance on sanctions, notwithstanding EU and other Western pressure. However, despite Putin's invitation, Vucic did not attend a three-day summit of the BRICS group of nations, led by Russia and China, which took place in the Russian city of Kazan earlier this week. Leaders or representatives of 36 countries took part in the summit, highlighting the failure of US-led efforts to isolate Russia over its actions in Ukraine. Vucic sent a high-level delegation to the meeting, but .

No trade pact if EU insists on opening up dairy biz, says Piyush Goyal

Goyal also said that extraneous issues such as labour and climate change should be discussed on international forums