Page 34 - European Union

Malaysia hopes EU legislators will be accommodative on sustainable policies

n the engagements we have made with EU, we are ready to comply. We just need a little bit more time for our small holders... the government will assist them to comply

Carmakers don't plan price changes to China-made EVs after EU backs tariffs

MG Motor France said tariffs were "excessive" and hamper Europe's green transition

Meta must limit data use for targeted advertising, rules top EU court

Schrems took his grievance to an Austrian court, saying he had been targeted by advertisements as a result of Meta's personalised advertising based on processing personal data

India, EU regulators in negotiations as October deadline on oversight looms

The Reserve Bank of India denied European Securities and Markets Authority's request to co-supervise Indian transactions, citing concerns over "extra-territorial reach"

Germany's Thyssenkrupp loses fight against EU veto of Tata Steel JV

EU competition enforcer said the deal, which had aimed to tackle over-capacity and other challenges in the steel industry, could result in price hikes

EU governments face pivotal vote today for imposing Chinese EV tariffs

In the absence of a qualified majority either way, the EU executive can adopt the tariffs, however, it could also submit an amended proposal if it wanted to secure greater backing

EU headed for 'economic cold war' with China: Hungary's PM on EV tariff

Earlier on Friday data showed Hungary's industrial output falling by a worse-than-expected 9.5 per cent in August, which Budapest said was due to the weakness of the German economy

India must balance EU carbon tariffs with economic interest, climate action

India must also press developed countries to fulfil their commitments on climate finance and technology transfers

EU members to vote on proposal to impose tariffs on China made EVs

The Commission last revised the tariff rates in September, imposing levels from 7.8 per cent for Tesla to 35.3 per cent for SAIC

EU demands information from YouTube, Snapchat, TikTok on content algorithms

The tech firms must provide the requested information by November 15, the EU said, after which the commission will decide on next steps, which could include fines

Countries, firms, trade officials urge EU to rethink deforestation rules

A growing number of governments, international trade organizations and businesses are urging the European Union to reconsider a deforestation regulation set to take effect in December. Critics of the regulation say it will discriminate against countries with forest resources and hurt their exports. Supporters of the EU Deforestation Regulation, or EUDR for short, say it will help combat forest degradation on a global scale. Several commodity associations have said they support the objectives of the regulation but that gaps in its implementation could harm their businesses. Environmental organizations have voiced support, saying the EUDR will help slow global deforestation, which is the second-biggest source of carbon emissions after fossil fuels. Here's a look at the EU Deforestation Regulation: What is the EUDR and what products is it expected to impact? Starting on Dec. 30, the EU Deforestation Regulation will outlaw the sale of forest-derived products within the 27-nation bloc

Will EU's Oct 4 vote on Chinese EV tariffs spark a trade war with China?

In July this year, the European Union (EU) imposed additional tariffs of up to 37.6 per cent on electric vehicles (EVs) imported from China over suspicions of 'unfair' competition

Volvo leads 50 companies urging EU to stick to combustion-engine ban

The 2035 target is crucial to align all stakeholders on this journey and ensure European competitiveness

EU hits Meta with $102 mn privacy fine over 2019 password security lapse

Meta was punished Friday with a fine worth more than USD 100 million from the social media giant's European Union privacy regulator over a security lapse involving passwords for Facebook users. The Irish Data Protection Commission said it slapped the US tech company with the 91 million euro (USD 101.6 million) penalty following an investigation. The watchdog started investigating in 2019 after it was notified by Meta that some passwords had been inadvertently stored internally in plain text, which means they weren't encrypted and it was possible for employees to search for them. Deputy Commissioner Graham Doyle said it's widely accepted that user passwords should not be stored in plain text, "considering the risks of abuse. Meta said a security review found that a subset of Facebook users' passwords were temporarily logged in a readable format. We took immediate action to fix this error, and there is no evidence that these passwords were abused or accessed improperly, the company

As war in Ukraine enters critical period, EU moves ahead without US

As the war in Ukraine enters a critical period, the European Union has decided that it must take responsibility for what it sees as an existential threat to security in its own neighbourhood and is preparing to tackle some of the financial burden, perhaps even without the United States. EU envoys have been working in Brussels this week on a proposal to provide Ukraine with a hefty loan package worth up to 35 billion euros (USD 39 billion). It was announced by European Commission President Ursula von der Leyen during a trip to Kyiv last Friday. Crucially, this loan will flow straight into your national budget," she told President Volodymyr Zelenskyy. It will provide you with significant and much-needed fiscal space. You will decide how best to use the funds, giving you maximum flexibility to meet your needs. Zelenskyy wants to buy weapons and bomb shelters and rebuild Ukraine's shattered energy network as winter draws near. In international matters, particularly involving major ...

'EU is failing to dissuade African migrants despite spending billions'

The European Union is failing to draw important lessons on how to discourage migrants from Africa leaving for Europe without authorization and could do more to limit abuses against people trying to make the journey, the EU's financial watchdog warned on Wednesday. The findings come in a European Court of Auditors report into the bloc's Emergency Trust Fund for Africa, a multi-billion-euro program hastily set up in 2015 after more than 1 million migrants arrived on Europe's shores, many of them fleeing war in Syria, overwhelming services in Italy and Greece. It was meant to help tackle the root causes of migration in Africa, like poverty, conflict or unemployment. At first, 1.8 billion euros ($2 billion) was available to distribute on hundreds of projects, but that amount has swelled to about 5 billion euros ($5.6 billion) today. The fund is managed by the EU's powerful executive branch, the European Commission. Despite the lessons learned the commission is still unable to identify

Google files complaint to EU over Microsoft's Azure cloud practices

Google pointed to 2023 study by cloud services organisation CISPE which found that European businesses and public sector bodies were paying up to $1.12 bn per year on Microsoft licensing penalties

Europe's racial disparities cannot be untied from historical wrongs

In Portugal, which trafficked nearly 6 million Africans, more than any other European nation, the impact of the empire on the economy reached a substantial level around 1800

India, EU to begin next round of talks on free trade pact on Monday

Senior officials of India and the 27-nation European Union (EU) will commence the next round of talks for a proposed free trade agreement from Monday here, an official said. The agreement is aimed at further boosting bilateral trade and investments between the two regions. The two sides are negotiating a free trade agreement, an investment protection agreement and an agreement on geographical indications (GIs). "The five-day talks will start from September 23. It will be the ninth round of negotiations. Also, the concerns of Indian stakeholders regarding the EU's sustainability measures, such as CBAM, deforestation and others, will be discussed with the EU," the official said. During the ninth round, both sides will discuss core trade issues covering goods, services, investment and government procurement along with necessary rules such as rules of origin, SPS (sanitary and phytosanitary), and technical barriers to trade. The Carbon Border Adjustment Mechanism (CBAM) or carbon tax (

India to impose retaliatory measures against European Union's steel tariffs

The move comes after bilateral engagements with the trade bloc had failed earlier this year