Eu Financial News
15.09 / 17:44
UPS
Cooper
Corning
band
European Commission
country
EU lets Ukrainian grain ban expire even as countries threaten to pass their own
The European Union has decided not to renew a ban on Ukrainian food imports heading to nearby countries
15.09 / 17:43
UPS
Citi
Target
Citizens
Progressive
Remark
country
What's behind the surge in migrant arrivals to Italy?
Thousand of migrants reached the Italian island of Lampedusa on more than 100 boats this week
15.09 / 17:43
15.09 / 14:11
Manufacturing
show
country
Threat
Study shows German autos under threat from China imports
Germany saw a 75% jump in imports of vehicles and vehicle parts from China, whereas trade in the opposite direction declined, highlighting the growing challenges faced by Europe's largest automotive manufacturing hub.
15.09 / 13:45
15.09 / 12:51
UPS
Digital
Platform
TikTok
country
TikTok fined $370 million over handling of children's data in Europe
TikTok has been fined €345 million ($370 million) for breaching privacy laws regarding the processing of children's personal data in the European Union, its lead regulator in the bloc said on Friday. The Chinese-owned short-video platform, which has grown rapidly among teenagers around the world in recent years, breached a number of EU privacy laws between July 31, 2020, and Dec. 31, 2020, Ireland's Data Protection Commissioner (DPC) said in a statement.
15.09 / 11:45
15.09 / 11:45
regulation
ESG
Article 8
Article 9
SFDR
services
Financial
EU regulators 'look to future' of SFDR application in financial services with in-depth questionnaire
In the document, the Commission said it is 'seeking the views of respondents on how the SFDR works in practice'.
15.09 / 11:41
business
Technology
Tech Analysis
AI startup
AI startup Helsing raises $223 million in Series B funding for defense solutions
European artificial intelligence (AI) defense company Helsing revealed on Thursday, Sept.14, that it secured $223 million (approximately 209 million euros) in Series B funding, with General Catalyst, a venture capital firm, taking the lead. Swedish aerospace and automotive manufacturer Saab also participated as a strategic investor.
15.09 / 10:39
UPS
Twitter
Platform
Racing
show
country
Tension Between Ukraine and Ally Poland Over Grain Exports Vexes EU
WARSAW—Russia’s blockage of Ukrainian food exports has become a painful political issue next door in the European Union. EU authorities must decide Friday whether to extend a ban preventing Ukrainian grain from being sold in neighboring EU countries, an issue that has sparked a rift between Kyiv and Poland, one of the Ukrainian government’s strongest backers in the war. The temporary ban, aimed at keeping out cheaper exports, expires at midnight Friday.
15.09 / 08:57
15.09 / 08:51
COST
Target
Aviat
CEO
Airlines
NOT
EU's SAF quotas not feasible with today's production - Lufthansa CEO
BERLIN (Reuters) — European Union quotas for sustainable aviation fuels (SAF), seen as an expensive but essential key to greener air travel, are not achievable by today's standards, according to the chief executive of Germany's Lufthansa .
15.09 / 08:33
week
No decision on EIB presidency expected this week - German Finance Minister
SANTIAGO DE COMPOSTELA (Reuters) — German Finance Minister Christian Lindner said at the informal EU finance ministers meeting on Friday that a decision is not expected this week on who will become European Investment Bank (EIB) president.
15.09 / 07:33
ETFs
Article 8
Amundi
Amundi rebrands MSCI USA ETF following Article 8 classification
The ETF’s benchmark will change from the MSCI USA index to the MSCI USA ESG LEADERS SELECT 5% Issuer Capped index.
15.09 / 07:03
COST
UPS
Lowe's
Reuters
Costs
Low
Low EV costs could drive two-thirds of global car sales by 2030: Report
Rocky Mountain Institute (RMI) released on Thursday, it foresees a reduction in battery costs by half during this decade, declining from $151 per kilowatt hour (kWh) in 2022 to a range of $60 to $90 per kWh. This cost decrease is expected to make electric vehicles cost-competitive with petrol cars in all markets by 2030, not only in terms of purchase price but also in running costs. Reportedly, batteries constitute a significant expense, making up approximately 40% of the total cost of an electric vehicle (EV).
15.09 / 05:31
Apple
iphone
Apple iPhone
iPhone 12
compliance
Canada to ‘reaffirm’ iPhone 12 radiation compliance after France ban
Canada will be taking “additional measures” to make sure the iPhone 12 complies with the limits of human exposure to radiofrequency after France found the phone exceeded limits.
15.09 / 04:57
COST
Provident
Booking
Strategy
Parke
cover
recovery
US and EU demand recovery to boost apparel exports in H2 FY2024: ICRA
ICRA has published a research note on the Indian apparel export industry. It expects its sample companies to report a mild 2-3% YoY increase in revenues to Rs. 27,255 crore for FY2024. Despite a tepid demand environment in H1 FY2024, ICRA expects the end demand to improve in H2 FY2024, boosting revenues. The retail apparel brands in the US and the EU, which together account for close to 55% of global apparel trade, are expected to liquidate the high inventory build-up of FY2023 and book their orders for the Spring/Summer 2024 season in H2 FY2024.
15.09 / 02:31
FIVE
Progressive
Extreme
Action
show
track
country
‘Not even close’ as warming heads for 2.5 degrees: WoodMac
The world is tracking towards 2.5 degrees warming by 2100 and a massive 50 per cent increase in global capital investment is needed to put it on course for net zero emissions by 2050, and to cap warming at the most ambitious goal of 1.5 degrees in the Paris Agreement.
15.09 / 01:07
UPS
Apple
electronic
Apple bets on trade-in program, repriced 14 series to drive iPhone sales in India
Apple is betting on its trade-in program to drive sales of the newly launched iPhone 15 series and the older-gen iPhone 14 and 14 Plus, which the company has now repriced. The company will popularise its trade-in or phone exchange program in India by making it a part of brand campaigns and highlighting prominently on its India website. The program was introduced along with the Apple online store launch in September 2020 in India. The program is also available through Apple’s retail stores in Delhi and Mumbai and its authorised partners. Currently, Apple is offering up to Rs 67,800 in trade-in value for the iPhone 14 Pro Max and up to Rs 64,500 for the iPhone 14 Pro in India.
14.09 / 17:49
COST
UPS
Manufacturing
Racing
Tesla
UBS
Europe’s EV Troubles Run Deeper Than China
China is speeding ahead in the electric-vehicle race. Europe’s antisubsidy investigation into Chinese EV makers reflects this new reality, but tariffs alone aren’t enough to keep Europe’s automakers in the fast lane. The European Union has launched a probe into whether state subsidies have given Chinese EV makers an unfair leg up as they accelerate into European markets.
14.09 / 17:07
Government
regulation
Europe
European Union
EU announces initiative to fast-track supercomputer access for AI startups
European Union president Ursula von der Leyen announced a new initiative to give artificial intelligence (AI) startups expedited access to European supercomputers.
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