Page 57 - European Union

Poland's hard-right party pushes new, less friendly course on Ukraine

Poland's hard-right Confederation party opened its electoral campaign convention as if it were a rock concert, with a singer riding up on a motorcycle, its engine revving, and a pyrotechnic show of flames and sparklers. The party has been growing in popularity, especially among young men fed up with the political parties that have dominated Poland for most of the post-Communist era. Its convention in Katowice on Saturday, billed as its largest ahead of parliamentary elections on October 15, was aimed at energising more voters and at playing down antisemitism and other extreme views among some of its members. Through smoke and fire, Confederation's leaders made their case for lower taxes, less regulation and an anti-European Union and anti-Ukraine foreign policy. Confederation has turned up the heat on the Polish political establishment, riding a wave of support for nationalist conservative parties across Europe. Similar political forces have surged on opposition to widespread ...

DPDP Act: Firms in disarray, seek more time, clarity for implementation

Companies feel that the "timelines are too short," as the new DPDP Act will require a complete overhaul of their entire internal systems

EU's industry chief Breton tells Apple CEO to open its ecosystem to rivals

Be it the electronic wallet, browsers or app stores, consumers using an Apple iPhone should be able to benefit from competitive services by a range of providers," he said

Net Zero by 2050 still possible with rapid renewables expansion: IEA

The report comes amid concerns of backsliding on climate and environmental commitments in Europe after the UK deferred its own ban on combustion engine cars by five years to 2035

EU calls for balanced trade with China, warns Ukraine could divide them

The European Union's trade commissioner called for a more balanced economic relationship with China on Monday, noting an EU trade deficit of nearly 400 billion euros ($425 billion), while also warning that China's position on the war in Ukraine could endanger its relationship with Europe. Valdis Dombrovskis, in a speech at China's prestigious Tsinghua University, said that the EU and China face significant political and economic headwinds that could cause them to drift apart. The strongest, yet not the only, headwind is Russia's war of aggression against Ukraine, and how China positions itself on this issue, he said. Dombrovskis spoke before high-level economic and trade talks with Chinese Vice Premier He Lifeng. EU leaders have expressed concern about the bloc's growing trade deficit with China, which reached 396 billion euros last year. European Commission President Ursula von der Leyen recently announced an investigation into Chinese subsidies to electric vehicle makers, saying

India mulling its own carbon tax on exports along the lines of CBAM

A tax on imports and goods coming into India from the EU is also being planned

India fourth in number of startups with over $50 mn funding: Scaleup Report

In the survey involving 12,400 startups, India is ranked fourth with 429 scaleups, after the US (7,184), China (1,491), and the UK (623)

EU comm in China calls for balanced trade, warns Ukraine could divide them

The European Union's trade commissioner called for a more balanced economic relationship with China on Monday, noting a trade imbalance of nearly 400 billion euros (USD 425 billion), while also warning that China's position on the war in Ukraine could endanger its relationship with Europe. Valdis Dombrovskis, in a speech at China's prestigious Tsinghua University, said that the EU and China face significant political and economic headwinds that could cause them to drift apart. The strongest, yet not the only, headwind is Russia's war of aggression against Ukraine, and how China positions itself on this issue, he said, according to a prepared text of his remarks. Dombrovskis is in China to co-chair high-level economic and trade talks on Monday with Chinese Vice Premier He Lifeng. EU leaders have expressed concern about the bloc's growing trade deficit with China, which reached 396 billion euros last year. European Commission President Ursula von der Leyen recently announced an ...

Intel hit with $400 million EU antitrust fine in decades-old case

The court, however, agreed with the European Commission that Intel illegally excluded rivals from the market which prompted the EU antitrust watchdog to re-open the case

43% of India's exports to EU to be hit by green regulations: Report

Textiles, chemicals, certain consumer electronics products among trade categories that could be affected

Biocon Biologics gains EU approval for Aflibercept biosimilar, YESAFILI

According to market research firm IQVIA, Aflibercept generated about $1.8 billion in annual sales in the EU in 2022

India should use retaliation mechanism to deal with EU's carbon tax: GTRI

India should positively consider imposing retaliatory customs duties in a calibrated manner on certain EU goods to deal with the European Union's decision to impose a carbon tax on imports of certain sectors, a report by think tank GTRI said on Wednesday. The European Union (EU) has decided to impose a carbon border adjustment mechanism (CBAM) from January 2026. But, its compliance starts from October this year, as businesses exporting carbon-intensive goods like steel, aluminium, cement and fertiliser will have to share detailed production data from next month with the EU authorities. The retaliation measures, it said, offer several advantages, including rapid implementation. India can easily adjust product lists and tariff levels to mirror the actions of the EU or any other partner country precisely. "Use a calibrated retaliation mechanism (CRM) to retaliate in equal measure. We have done it before," GTRI co-founder Ajay Srivastava said. In March 2018, when the US imposed import

Google in last ditch effort to overturn $2.6 billion EU antitrust fine

Google turned to the Court of Justice of the European Union (CJEU) after the General Court in 2021 threw out its challenge to the fine levied by EU antitrust chief Margrethe Vestager in 2017

Microsoft facing formal European Union complaint over Teams Video App

The European Commission is preparing a statement of objections to send to the company, which could come in the next few months, the people said

LIVE: 8,700 shifted as rains cause flood-like situation in Madhya Pradesh

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Keeping a tab on IT hardware imports: Govt looks at SIMS for template

May mandate prior registration of India-bound items

Translation tools end language barriers

When Google Translate was launched in 2006, instant language translation became available to millions

EU's carbon tax seeks to doubly punish India: FM Nirmala Sitharaman

The finance minister said the EU has to consider India's concerns, and other countries will not view them kindly

Poland imposes EU ban on all Russian-registered cars in latest sanctions

Poland began to enforce a European Union (EU) ban Sunday on all Russian-registered passenger cars seeking to enter the country the latest in a series of sanctions on Russia in punishment for its war against Ukraine. Under the EU's decision, motor vehicles registered in the Russian Federation are no longer allowed to enter the territory of the 27-member bloc. A car registered in Russia has no right to enter Poland, Polish Interior Minister Mariusz Kaminski said Saturday, announcing the ban that took effect hours later at midnight. This is another element of the sanctions imposed on Russia and its citizens in connection with the brutal war in Ukraine, due to the fact that the Russian state today constitutes a threat to international security, Kaminski said. The move comes just days after the nearby Baltic states of Lithuania, Latvia and Estonia banned vehicles with Russian license plates from entering their territory a joint move in line with a recent interpretation of the EU's ...

Turkey may part ways with EU, says Erdogan, implying end of membership bid

President Recep Tayyip Erdogan said Saturday that Turkey may part ways with the European Union, implying that the country is thinking about ending its bid to join the 27-nation bloc. "The EU is making efforts to sever ties with Turkey," he told reporters before departing for the 78th UN General Assembly in New York. "We will evaluate the situation, and if needed we will part ways with the EU." He was responding to a question about a recent report adopted by the European Parliament, which stated "the accession process cannot resume under the current circumstances, and calls on EU to explore a parallel and realistic framework' for EU-Trkiye relations." Turkey applied to join the European Union in 1999, and accession talks began in 2005. Accession negotiations were frozen in 2018 because of "democratic backsliding," according to the European Parliament. Erdogan's statement on Saturday came more than a week after Turkey's foreign minister affirmed his country's resolve to join the EU