Eu Financial News

report by Financial Times. Turkey has pushed against the proposed India-Middle East-Europe corridor that was agreed upon this month during the G20 Summit held in New Delhi. The India-Middle East corridor would transport goods from the subcontinent through the United Arab Emirates (UAE), Saudi Arabia, Jordan, and Israel to European markets.

Apple has set the ball rolling by supporting India's homegrown global positioning system (GPS), NavIC (Indian Regional Navigation Satellite System). GoI hopes to persuade other mobile handset-makers to incorporate the positioning system that uses a clutch of indigenous satellites to cover an area of 1,500 km beyond India's borders. Apple is leading the way in showcasing Indian technological capability to a wider audience.

By Yara Nardi

(Bloomberg) — The European Central Bank raised interest rates this week and trimmed growth estimates as President Christine Lagarde signaled a shift that could mean borrowing costs have peaked.

FTX has reopened its customer claims portal, unfreezing user accounts that were affected by a cybersecurity incident in August.

Thousand of migrants reached the Italian island of Lampedusa on more than 100 boats this week

President Recep Tayyip Erdogan says that Turkey may part ways with the European Union

Poland has begun enforcing an entry ban on all Russian-registered passenger cars seeking to enter the country

European Commission President Ursula von der Leyen plans to travel on Sunday to the Italian island of Lampedusa amid an influx of migrants who arrived this week

European Central Bank raised interest rates this week and trimmed growth estimates as President Christine Lagarde signaled a shift that could mean borrowing costs have peaked. US core inflation came in a bit firmer than expected, keeping open the possibility that the Federal Reserve will hike later this year after an expected pause next week. Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy:

Bankrupt cryptocurrency exchange FTX has restored its customer claims portal, which was previously shut down due to a cyber attack. Claimants can now continue to submit asset claims they held on the exchange prior to it becoming insolvent. 

Recep Tayyip Erdogan said on 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-Turkiye relations.» Turkey applied to join the European Union in 1999, and accession talks began in 2005.

BRASILIA (Reuters) — On his first trip to Cuba during his third term in office, Brazilian President Luiz Inacio Lula da Silva called the embargo imposed by the United States on the island «illegal» and denounced the island's inclusion on the list of state sponsors of terrorism.

By Yara Nardi

Greece. During this destructive period, it caused extensive flooding in both cities and villages, effectively transforming the area into an inland sea. The consequences were dire, as numerous residents had to be rescued through airlifts or in lifeboats from their submerged homes.

Turkish President Tayyip Erdogan said on Saturday that Ankara could «part ways» with the European Union if necessary when asked about the contents of a European Parliament report on Turkey. The report, adopted earlier this week, said Turkey's accession process with the 27-member bloc cannot resume under current circumstances and called for the EU to explore «a parallel and realistic framework» for its ties with Ankara. Turkey has been an official candidate to join the EU for 24 years, but accession talks have stalled in recent years over the bloc's concerns about human rights violations and respect for the rule of law. «The EU is trying to break away from Turkey,» Erdogan told reporters ahead of a trip to the United States.

X Corp has introduced government-ID-based verification checks for X premium users, as it aims to curb impersonation on its platform and doll out more benefits to them like «prioritised support». ID Verification is currently available in numerous countries and will soon be extended to include more, such as the European Union, European Economic Area (EEA), and the UK, according to the company.

TikTok has been fined 345 million euros ($379 million) by the Irish Data Protection Commission (DPC) for failing to keep kids' data safe on its platform. The fine, under the European Union's General Data Protection Regulation (GDPR), was announced in relation to TikTok's processing of personal data relating to child users of its platform. TikTok was found to have violated eight articles of the GDPR.

Narendra Modi, following the recent G20 Summit event held over the last weekend under India's presidency, is going to host an exclusive dinner today, September 16, in honour of Delhi Police personnel who played a pivotal role in ensuring the event's security and smooth execution, reported PTI. Delhi Police Commissioner Sanjay Arora instructed the deputy commissioners of Delhi Police's 15 districts to arrange a 'bada khana' (a large meal) for the staff as a gesture of appreciation and recognition for their dedicated efforts during the G20 Summit.

Welcome to the weekend. To start off your day, we’ve curated 10 great reads to enjoy.

Italian Premier Giorgia Meloni is vowing to take “extraordinary measures” to deal with an influx of migrants