Page 50 - European Union

India to ask European Union for measures to align emission trading systems

India's government has several proposals it will raise with the EU, according to the people

Lufthansa's ITA Airways deal may reduce competition, EU regulators warn

Lufthansa wants to acquire a 41% stake in ITA for 325 million euros ($353.2 million) as part of a capital increase

Microsoft Corp's Bing, Edge to avoid EU's digital dominance crackdown

European Commission officials are leaning toward the reprieve for the US software giant as part of a five-month market investigation ending in February

Pentagon holds meeting to raise funds for supply of weapons to Ukraine

For the first time since Defence Secretary Lloyd Austin established the international group to support Ukraine in April 2022, the United States will host the monthly gathering of about 50 countries out of money, unable to send the ammunition and missiles that Ukraine needs to fend off Russia. While waiting for Congress to pass a budget and potentially approve more money for Ukraine's fight, the US will be looking to allies to keep bridging the gap. Tuesday's meeting will focus on longer-term needs, deputy Pentagon press secretary Sabrina Singh told reporters on Monday. Even though we aren't able to provide our security assistance right now, our partners are continuing to do that, Singh said. The meeting will be virtual because Austin is still recuperating at home from complications of treatment for prostate cancer. The Pentagon announced its last security assistance for Ukraine on December 27, a USD 250 million package that included 155 mm rounds, Stinger anti-aircraft missiles an

EU sanctions 6 firms accused of trying to undermine stability in Sudan

The European Union imposed sanctions on Monday on six companies it said are responsible for trying to undermine stability in conflict-ravaged Sudan, largely targeting firms linked to weapons procurement and manufacturing. Sudan plunged into chaos last April when long-simmering tensions between the military, led by Gen. Abdel Fattah Burhan, and the Rapid Support Forces paramilitary, commanded by Mohammed Hamdan Dagalo, erupted into street battles in the capital, Khartoum, and other areas including the western Darfur region. The fighting has displaced 7 million people and killed 12,000, according to the United Nations. Local doctors' groups and activists say the true death toll is far higher. Given the gravity of the situation in Sudan, the EU statement said, sanctions were imposed on two companies making weapons and vehicles for Sudan's armed forces, the Zadna International Company for Investment controlled by the armed forces and three companies involved in procuring military ...

EU pushes for Palestinian statehood, rejecting Netanyahu 's insistence

'The declarations of Benjamin Netanyahu are worrying. There will be a need for a Palestinian state with security guarantees for all,' French Foreign Affairs Minister Stephane Sejourne told reporters

China overtaking European Union in research related to clean-energy: Study

About 22% of the EU's imports came from China in 2022, the paper found, rising in recent years while the equivalent figure for the US declined

Instagram, Facebook users will get more choices to comply with DMA: Meta

The world's largest social network is the latest to make changes to comply with the DMA after Google outlined efforts to comply with new EU technology rules that could hurt revenues for some companies

Israel's plan to destroy Hamas not working, peace talks needed: EU officia

EU officials concede that Israeli officials and diplomats currently evince no interest in the so-called two-state solution but insist it is the only option for long-term peace

What does disruption to shipping in Red Sea mean for Europe's economy?

For the European economy, already skirting a mild recession as it tries to shake off high inflation, prolonged disruption would be a new risk to its outlook

Iran-backed Houthis launch 2 anti-ship ballistic missiles at US Ship

Iranian-backed Houthis on Thursday (US local time) launched two anti-ship ballistic missiles at US Ship Chem Ranger, US Central Command said

European Commission to back 90% emissions cut for 2040 climate target

The European Union is drafting its first 2040 climate target, to bridge the gap between its existing goals to cut net emissions 55% by 2030 and reach net zero emissions by 2050

Tougher EU money laundering rules target crypto, luxury vehicle dealers

"It is a good day for EU citizens and businesses, but bad day for oligarchs and terrorists," said Eero Heinaluoma, one of lawmakers who took part

Misinformation, polarisation limit our abilities: European Commission chief

European Commission President Ursula von der Leyen on Tuesday said the risks like misinformation and societal polarisation are very serious as they can limit our capabilities to deal with other challenges. In a special address at the World Economic Forum Annual Meeting 2024 here, she said this is not the time for polarisation, but for rebuilding trust. "This is not a time for conflicts, but the time to drive global collaboration and business have a crucial role to play," she added. Referring to the WEF Annual Global Risks Report that listed 'disinformation and misinformation' and societal polarisation among the biggest immediate risks before the world, she said these are indeed serious risks because they limit our capabilities in handling other risks, including conflicts, climate and technology. "This is not the time for polarisation, this is the time for trust. I believe it can be done, and I believe that Europe can lead on that front. It has never been more important for the ...

German industry association expects economy to barely grow in 2024

Russwurm urged Germany's coalition parties to find an agreement and move forward, saying paralysis would be the worst of all scenarios

Amid Red Sea attacks, Tesla puts German factory production on hold

Tesla says it's temporarily halting most production at its German factory because of attacks in the Red Sea, a vital global shipping corridor. The electric vehicle maker said in a statement Thursday night that its factory near Berlin, which makes Model Y vehicles and batteries, will pause from Jan. 29 to Feb. 11. It's a fresh sign of how the hostilities in the Mideast are disrupting global manufacturing supply chains, with shipping companies reporting that they're being forced to reroute vessels carrying goods and components on the longer route around the southern tip of Africa. Analysts say the detour adds 10 days or more to the journey. The armed conflicts in the Red Sea and the associated shifts in transport routes between Europe and Asia via the Cape of Good Hope are also affecting production in Grnheide," Tesla said. The significantly longer transport times create a gap in the supply chains. The U.S. led airstrikes on Thursday against Yemen's Houthi rebels in response to their

Google's $2.7 bn EU antitrust fine should be upheld, says court adviser

The European Commission handed down the fine to the company in 2017 for using its own price comparison shopping service to gain an unfair advantage over smaller European rivals

World's most powerful passports 2024: Europe catches up with Japan, S'pore

South Korea, Sweden and Finland all climbed one spot to take joint second place, with access to 193 locations

Microsoft's OpenAI investment risks merger probe, say EU regulators

The U.S. software giant, which last year committed to invest over $10 billion into OpenAI with a non-voting position on the board, has said it does not own any portion of OpenAI

Amazon attacks EU privacy regulators, claims their aim was punishment

The ecommerce giant told a local court in Luxembourg - where the firm has its regional hub - that watchdogs went on the attack rather than seek an amicable solution