Page 66 - European Union

India exploring options after WTO panel ruling, rules out immediate impact

The statement comes a day after Business Standard reported quoting an EU spokesperson that EU may impose retaliatory tariffs on Indian goods if New Delhi doesn't abide by the WTO ruling

Microsoft to stop bundling Teams with Office to avoid antitrust probe

Meanwhile, Twitter CEO Elon Musk has threatened to sue Microsoft over claims that the company "trained illegally using Twitter data"

Iran slaps 'retaliatory' sanctions on EU, British individuals, entities

The Iranian Foreign Ministry has imposed sanctions on 17 individuals and four entities of the European Union and the UK for "supporting terrorism and fomenting violence and unrest in Iran"

EU evacuates 1,200 European citizens from Sudan, says foreign affairs chief

The European Union (EU) has completed the evacuation of 1,200 European citizens on 31 flights from Sudan, the bloc's foreign affairs chief Josep Borrell said

Top headlines: WTO ICT levy dispute, Micron's semiconductor plant & more

Business Standard brings you top headlines at this hour

ICT levy dispute at WTO: EU may opt for retaliatory tariffs on Indian goods

The EU had earlier approached India to resolve the matter through the MPIA

Air Pollution Killing 1200 young people every year in Europe: EEA Report

Air Pollution causes 1200 premature deaths every year in Europe. The air pollution level in Europe is below the recommended level of the WHO

India explores all options to deal with EU's proposed carbon border tax

Begins sector-wise analysis to assess the impact

India, EU to team up for drone regulation and air traffic monitoring

Final agreement between two sides will enable exchange of data on flight plans

India, EU sign MoU for cooperation in aviation safety, air traffic control

The Directorate General of Civil Aviation (DGCA) on Thursday signed a memorandum of understanding with the European Union Aviation Safety Agency (EASA) for cooperation in aviation safety. The agreement was signed on the first day of the EU-India Aviation Summit here where the Airport Authority of India also signed a declaration of intent with Eurocontrol, a pan-European, civil-military organisation dedicated to supporting European aviation. While the MoU between DGCA and EASA will focus on collaboration at regulatory level and safety level, the declaration of intent between AAI and Eurocontrol will be focused on the area of air traffic control. Aviation Minister Jyotiraditya Scindia said India and EU share historical relations and invited industry players from EU to become a part of the fastest growing aviation market in the world. "India and the EU have shared strong historical relations which continue to grow today on the back of robust physical, digital and people-to-people ...

BRICS surpass G7 GDP, India, China major economies with fast growth

The inflationary pressures, coupled with relentless rate hikes by central banks around the world, have hit Europe hard

A dispute lost

Electronics tariffs must be temporary at best

European Parliament adopts key laws from 'Fit for 55 in 2030 package'

The European Parliament approved the deals reached with EU countries in late 2022 on several key pieces of legislation that are part of the "Fit for 55 in 2030 package"

Top headlines: I-T scanner on Angel investments, Tata-Wistron deal & more

Business Standard brings you top headlines at this hour

EU lawmakers adopt deals on emissions trading, carbon tax by 55%

European Union lawmakers on Tuesday adopted key pieces of a package designed to achieve the EU's climate goals of cutting emissions of the gases that cause global warming by 55 per cent over this decade. European Parliament members approved deals to reform the 27-nation bloc's emissions trading system, introduce a so-called carbon border adjustment mechanism and to create a new hardship fund for vulnerable households and small businesses affected by higher fuel costs arising from the new measures. The reform of the emissions trading system, which covers about 40 per cent of the EU's greenhouse gas emissions, stipulates that European industries and energy companies should cut emissions by 62 per cent by 2030 compared to 2005 levels, compared to a target of 43 per cent under the previous rules. To ensure a level playing field, member nations also agreed in December to introduce a tax on foreign companies that want to import products which don't meet the climate-protection standards wi

India's ICT tariffs led to annual export loss of €600 million, says EU

Claims real impact on European companies that also export from other countries to India considerably higher

Environment groups sue European Union over green label for gas, nuclear

Environmental groups have started legal action against the European Union's executive branch in a bid to block a move to include natural gas and nuclear power generation on a list of sustainable activities. The list proposed by the European Commission drew fierce criticism and accusations of greenwashing. On Tuesday, Greenpeace said that it was filing a lawsuit at the European Court of Justice, the top EU court, after the commission refused to reconsider its move. Greenpeace is asking the European Court of Justice to declare the inclusion of fossil gas and nuclear "as invalid." Separately, ClientEarth, WWF's European Policy Office, Transport & Environment (T&E), and BUND are challenging only the decision to include gas. They say the fossil fuel can't be considered sustainable because of its adverse environmental impact. The green labelling system from the European Commission defines what qualifies as an investment in sustainable energy. Initially, it didn't initially include ..

WTO panel rules against India in IT tariffs dispute with EU, others

The EU is India's third largest trading partner, accounting for 10.8% of total Indian trade in 2021, according to the European Commission

WWDC 2023: Apple may open up iPhones to sideloading apps with iOS 17

Apple's move would be in response to EU law, kicking in from 2024, which requires technology companies to allow the installation of third-party apps and let users change default settings

India to protect interests of farmers, dairy sector in FTA with EU: Goyal

India will completely protect the interests of farmers and dairy sector in the proposed free trade agreement (FTA) with the European Union, commerce and industry minister Piyush Goyal has said. He was here on an official visit to hold discussions with leaders and the private sector on ways to further enhance trade and investment ties between the countries. The minister also went to Paris for the India-France business summit. Goyal said that Italy and France have offered unstinted support for the early conclusion of negotiations for the India-EU trade agreement. During the meetings in Italy and France, he said, India has emphasised about the different economic conditions and per capita income in the two regions. But the kind of business opportunities which India provides for EU businesses are huge and "nobody can provide those in the world", he added. "Keeping all this in mind, we would do the FTA... We will protect the interests of farmers and dairy sector... We have done that wit