City Brussels Financial News

By Oksana Kobzeva and Vladimir Soldatkin

By Kate Abnett

History: Belgium became part of the United Netherlands in the aftermath of the Napoleonic Wars. Following the unrest, the Belgian Revolution forced the Butch forces out of the country in 1830.

By Foo Yun Chee

Five European Union countries will extend their ban on Ukrainian grain to protect their farmers’ interests

The European Union says the American candidate to become one of the bloc’s chief economists will now not take up the position because of the political controversy it has stirred

A top EU official says TikTok needs to do more to get ready for new European Union digital rules taking effect next month aimed at keeping users safe online

European Union and Latin American leaders have concluded a summit that was supposed to be a love-in after eight years of separation, but instead ended with aggravation over the failure to unanimously support even a bland statement on Russia’s invasion ...

French President Emmanuel Macron isn't happy that the European Union head office plans to hire an American expert as its chief competition economist

TikTok needs to do more to get ready for new European Union digital rules designed to keep users safe online, a top official said Tuesday. The results of a «stress test» that the popular video-sharing platform carried out at its Dublin office showed that «more work is needed to be fully ready» for when the Digital Services Act takes effect next month, European Commissioner Thierry Breton said in a statement. Breton, who oversees the 27-nation bloc's digital policy, tweeted a silent video of himself discussing the results by video call with TikTok CEO Shou Zi Chew.

Tata Group to build a battery plant supplying a new range of electric Jaguar and Land Rover models. Tata has chosen a site in Somerset, west England, owned by Salamanca Group, an investment and advisory business with roots in real estate, people familiar with the plans said. The Indian parent of the British brands will outline its decision as soon as this week, said the people, declining to be named discussing non-public information. Tata previously considered building its battery site in Spain, but a decision in favor of the UK will help to secure the future of JLR’s plants in its traditional home market. The cell factory will have an eventual capacity of 40 gigawatt hours, enough to supply roughly half a million vehicles per year depending on the size of the batteries.

Investing.com — EU antitrust authorities will open an investigation next week into whether Microsoft (NASDAQ:MSFT) is unfairly bundling its Teams video conferencing app with its Office service, according to a Financial Times report on Monday.

BRUSSELS (Reuters) — The European Union urged Azerbaijan and Armenia to refrain from «violence and harsh rhetoric» on Saturday at the latest round of talks in a tortuous peace process in which Russia is also pushing to retain a leading role.

Read more of our recent coverage of the Ukraine war If the phrase wasn’t already taken, Ukraine and the EU could be said to enjoy a “no-limits friendship". The bloc’s 27 countries, four of which border Ukraine, have provided money and weapons to their neighbour, taken in its refugees and trained its troops. Ukrainian flags in Brussels dangle from balconies and official buildings.

Upbit, South Korea’s biggest crypto exchange, has published a full, translated text of the EU’s MiCA crypto regulation laws, a suggestion that Europe’s new rules could be impacting other nations.

United Arab Emirates, host of this year’s UN climate talks, unveiled on Thursday the much-awaited plans and priorities for COP28, to be held in November in Dubai. The plan could lead to a global agreement to double energy efficiency, triple renewable energy capacity to 11,000 GW, and double hydrogen production to 180 million tonnes a year by 2030. “This plan is guided by a single north star.

government representatives from some 40-odd countries, representing major negotiating groups, are in Brussels for the Ministerial on Climate Action (MoCA), jointly chaired by the European Union, China and Canada. The two-day informal ministerial, which begins today, is the first meeting since the UN climate talks Bonn in mid-June that saw sharp exchanges over addressing the need to reduce emissions and the provision of support particularly to developing countries to undertake climate action.

By Michelle Nichols

The head of this year’s United Nations’ climate talks has called for governments and businesses to tackle global warming by reducing greenhouse gas emissions in all regions and sectors if they want to stop the planet from passing a key temperature limi...

Mazagon Dock Shipbuilders with France's Naval Group, a source familiar with the matter told Reuters on Thursday. This comes at a time when Prime Minister Narendra Modi is on a two-day visit to France.

By Foo Yun Chee