Page 76 - European Union

Need to promote circular economy to deal with climate change: Amitabh Kant

State chief secys' meet to address challenges faced in implementation of circular economy, says India's G20 Sherpa

Poland sends diplomatic note on request for WW II reparations from Germany

On September 1, the Polish government presented a comprehensive report detailing the material losses suffered by the country during the war, reports Xinhua news agency

EU proposes gas price cap: Energy Commissioner Kadri Simson announces

A European gas price cap at 275 euros ($283) per megawatt hour (MWh) has been proposed, Energy Commissioner Kadri Simson announced

Wipro becomes 1st Indian IT firm to allow Europe employees to form union

Wipro's employees that have been allowed to unionise belong to 13 countries including France, Sweden, Finland and Germany

India, EU hopeful of timely conclusion of negotiations on trade

India and the European Union on Tuesday expressed hope that there is a timely conclusion of negotiations on their trade and investment agreements, and agreed on the need for greater ambition in the implementation of their connectivity partnership. The 9th India-EU Foreign Policy and Security Consultations were held here co-chaired by Secretary (West) in the Ministry of External Affairs Sanjay Verma and Enrique Mora, Deputy Secretary General for Political Affairs, European External Action Service. During the consultations, both sides were pleased to note the enhanced intensity and political momentum in the India-EU relationship, a start towards which was made during the 15th India-EU Summit held in July 2020 and which was further strengthened by the India-EU Leaders' Meeting in May 2021, a statement issued by the Ministry of External Affairs said. They took stock of key bilateral developments, including the India-EU Trade and Technology Council, announced by Prime Minister Modi and .

UK starting to have second thoughts about Brexit as economy faces recession

More than six years after voting to leave the European Union, the UK is facing a prolonged recession and a deep cost-of-living crisis

Data Bill may not lead to India joining e-commerce deal at WTO

India has so far stayed out of a group of 87 countries, including the US, European Union, China, and Japan that are negotiating trade-related aspects on e-commerce since December 2017

India-EU sign 'Intent of Cooperation' on Climate Modeling, Quantum Tech

India and the European Union signed an "Intent of Cooperation on High-Performance Computing (HPC), Weather Extremes and Climate Modeling and Quantum Technologies" at a virtual ceremony in New Delhi

China signs one of its biggest ever LNG deal with Qatar at $60 billion

Qatar Energy will send Sinopec 4 million tons of LNG a year starting in 2026, the state-controlled companies announced in a virtual ceremony on Monday

Oil prices sink as China's tightening anti-Covid curbs hurt demand outlook

Crude has erased the gains made at the start of the quarter, when the Organization of Petroleum Exporting Countries and allies including Russia agreed to reduce production by 2 million barrels a day

Iranian president slams EU, says backing terrorism not in West's interests

Raisi said "the enemy" attempted to disrupt Iran's advancements by dealing blows to the country's security and economy as well as education and production sectors

Best of BS Opinion: Protecting data privacy, the FTX fraud, and more

Here is the best of Business Standard's opinion pieces for today

As British voters cool on Brexit, UK softens tone towards European Union

The British government on Sunday denied a report that it is seeking a Swiss-style relationship with the European Union that would remove many of the economic barriers erected by Brexit even as it tries to improve ties with the bloc after years of acrimony. Health Secretary Steve Barclay told Sky News I don't recognise the Sunday Times report, insisting the U.K. was still determined to use the Brexit freedoms we have by diverging from the EU's rules in key areas. Switzerland has a close economic relationship with the 27-nation EU in return for accepting the bloc's rules and paying into its coffers. The U.K. government said Brexit means we will never again have to accept a relationship with Europe that would see a return to freedom of movement, unnecessary payments to the European Union or jeopardise the full benefit of trade deals we are now able to strike around the world. But despite the denials, the new Conservative government led by Prime Minister Rishi Sunak wants to restore .

Personal data protection Bill may lead to UK, EU data adequacy deals

Under the new draft DPRP bill put out for public consultation, the government has proposed free cross-border flow of data with "friendly" nations, significantly easing its earlier stance

Trade divide could cost global economy $1.4 trillion: IMF chief Georgieva

Trade spats could cut 1.5% from global GDP; 3% in Asia

Ukrainian PM, EU top official discuss Russian war, fresh aid for Kiev

Due to the ongoing energy crisis, Ukraine needs more support from partners, including the supplies of energy equipment and additional financial assistance, Ukrainian Prime Minister Denys Shmyhal said

COP27 climate deal hurtle towards overtime, countries mull EU offer of fund

27-country EU said it would back one of the toughest agenda items financing for countries wracked by climate-fuelled disasters

Are countries using visas as weapons to fight diplomatic battles?

While India does seem to be facing the rough end of visa diplomacy, barriers are going up globally

India, EU regulators standoff over clearing houses to affect BNP to HSBC

Recent changes in European Market Infrastructure Regulation demanded that ESMA must establish cooperation arrangements with countries that has their own central counterparties

RBI-ESMA logjam: Banks turn to EU, UK regulators over trade impact concerns

Banks expressed concerns about trade impact, disruptions seen in OIS, bond markets