Page 63 - European Union

EU defence ministers fail to agree on new military aid to Ukraine amid war

The bloc's foreign policy chief Josep Borrell recalled that more than 10 billion euros in military support have already been provided to Ukraine

European defense ministers meet in Poland to discuss Ukraine's defenses

Defense ministers and senior defense officials from 12 northern European countries are meeting in Poland on Monday to discuss stepping up deterrence and security on NATO's eastern flank and strengthening Ukraine's defenses, ahead of NATO's summer summit. They are meeting at military facilities in Legionowo, near Warsaw, as part of the so-called Northern Group - a platform for developing security initiatives for NATO and European Union members. Officials will also discuss preparation for the July NATO summit in Vilnius, Lithuania, according to Denmark's Acting Defense Minister Troels Lund Poulsen. That summit is expected to gauge prospects for Ukraine's membership. Recently, the US agreed to allow training on American-made F-16 fighter jets, laying the groundwork for their eventual transfer to Ukraine. Initiated by Britain in 2010, The Northern Group includes The Netherlands, Germany, Denmark, Finland, Iceland, Norway, Sweden, Poland and the three Baltic states. Germany and Norway

Meta fined 1.2 bn euros for breaching European Union's privacy laws

The tech giant has also been ordered to stop transferring data collected from Facebook users in Europe to the United States of America

Exports to EU worth $1.3 bn to be impacted by deforestation rule: GTRI

India's exports of products like coffee, leather hides and paperboard worth USD 1.3 billion annually to the European Union will get impacted due to the deforestation regulation adopted by the EU earlier this week, a report by economic think tank GTRI said on Thursday. Within three weeks of introducing the carbon border tax, the European Union Council on May 16 adopted the European Union Deforestation-Free Products Regulation (EU-DR). The Global Trade Research Initiative (GTRI) said that the EU-DR appears to prioritise protecting its own agricultural sector and promoting exports, making imports more difficult as it is a trade barrier disguised as a green measure. The regulation covers cattle, buffalo, the meat of bovine animals, preparations, Oil cake, soya beans, palm oil, cocoa bean, powder, chocolate, coffee, leather hide, skin, paper, paperboard, wood, wood articles, wood pulp, boards and wood furniture. The exporters now have to ensure that these products have been grown on lan

Regulating AI

Europe is moving to set standards

EU proposes reforming customs to target online sellers like Amazon, Alibaba

The European Commission's proposal would introduce data-driven systems, streamlining reporting requirements for traders by reducing the time needed to complete import procedures

Look at EU regulations: Jaishankar tells Borrell on import of Russian oil

Responding to Josep Borrell, EU Foreign policy chief's remarks calling for action against Indian refined products from Russian crude, External Affairs Minister S Jaishankar on Tuesday (local time)

1st Trade & Tech Council significant milestone in India-EU ties: Jaishankar

The first meeting of the India-EU Trade and Technology Council (TTC) in Brussels marks a significant milestone in the strategic partnership between India and the European Union due to its focus on critical domains, External Affairs Minister S. Jaishankar said on Tuesday. The meeting, co-chaired on the Indian side by the EAM, Commerce and Industry Minister Piyush Goyal and Communications, Electronics and IT Minister Rajeev Chandrasekhar, covered key focus areas of strategic technologies, digital governance and green energy technologies. The EAM highlighted that India has a crucial role to play in all aspects and also with regard to its impact on the global talent pool. This first meeting of the Trade and Technology Council is a significant milestone in the strategic partnership between India and the European Union, Jaishankar said in his address. We are obviously important partners for each other but what the TTC represents is a focus on key domains that are critical to both the glo

First Trade-Tech meet significant milestone in India-EU ties: Jaishankar

The first meeting of the India-EU Trade and Technology Council (TTC) in Brussels marks a significant milestone in the strategic partnership between India and the European Union due to its focus on critical domains, External Affairs Minister S. Jaishankar said on Tuesday. The meeting, co-chaired on the Indian side by the EAM, Commerce and Industry Minister Piyush Goyal and Communications, Electronics and IT Minister Rajeev Chandrasekhar, covered key focus areas of strategic technologies, digital governance and green energy technologies. The EAM highlighted that India has a crucial role to play in all aspects and also with regard to its impact on the global talent pool. This first meeting of the Trade and Technology Council is a significant milestone in the strategic partnership between India and the European Union, Jaishankar said in his address. We are obviously important partners for each other but what the TTC represents is a focus on key domains that are critical to both the glob

India, European Union talk the ongoing trade deal, market access

India and the EU had in April last year agreed to establish a "Trade and Technology Council", to tackle the challenges at the nexus of trade, trusted technology and security

European Union adopts law banning products which fuel deforestation

The 27 European Union countries have formally adopted new rules that should help the bloc reduce its contribution to global deforestation by regulating the trade in a series of goods. Under the legislation, companies trading palm oil, cattle, wood, coffee, cocoa, rubber and soy will need to verify that the goods they sell in the EU have not led to deforestation and forest degradation anywhere in the world since 2021. The regulation also covers derived products such as chocolate or printed paper. Forests are an important natural means of removing greenhouse gas emissions from the atmosphere, since plants absorb carbon dioxide when they grow. According to the World Resource Institute, a forest area the size of 10 soccer pitches disappears in the world every minute and the EU says that without the new regulation it could be responsible for the loss of 248,000 hectares of deforestation per year a surface almost as large as member country Luxembourg. The law will force companies to sh

EU urged to crack down on imports of Indian fuels made with Russian oil

EU should crack down on India reselling Russian oil as refined fuels including diesel into Europe, blocs diplomat has said, as nations move to tighten sanctions on Moscows, media reported

Italy's public debt crosses $3 trillion for first time: Bank of Italy

The Bank of Italy said that the country's public debt climbed above $3 trillion in the latest reporting period

Energy transition in EU for 2030 climate target is irreversible: Report

The findings show that European laws will set in stone major transformations of the European economy by 2030: Wind and solar power will be the main sources of electricity, accounting for 55%

Microsoft's $69 billion Activision Blizzard deal wins EU's approval

EU antitrust chief Margrethe Vestager on Monday described the deal as 'pro-competitive' and that it would kickstart the cloud streaming market

Govt assessing monetary impact of EU's carbon tariff set to hit in Oct

Sarangi also said that the government hopes to make substantial progress in the India-UK free trade agreement (FTA) in the 10th round of negotiations from 5-9 June in the national capital

European Union's carbon emissions fall in climate boost as economy grows

Emissions in the EU fell by 4% in the fourth quarter compared with a year earlier, according to Eurostat data published Monday. Gross domestic product climbed 1.5% over the same timeframe

Mudrex expands its footprint outside India, launches its platform in Italy

Mudrex CEO Edul Patel said the main reason they chose the EU was that there was more regulatory clarity there as compared to the other regions

G7 and European Union plan to ban restart of Russian gas pipelines

4 Russian military aircraft crash near border with Ukraine

Carbon tariff may hurt European nations more than India: Officials

Govt assessing possible impact of CBAM on India vis a vis other nations