Eu Financial News

industry representatives from the steel sector on Wednesday held discussions on implementation issues regarding the European Union's move to impose carbon tax, sources said. The meeting was called by the commerce ministry and was chaired by Commerce Secretary Sunil Barthwal.

Rishi Sunak has given the go-ahead for his officials to finalise a deal allowing Britain to re-join the European Union's Horizon scientific research program, Bloomberg reported on Wednesday. Under a trade agreement signed at the end of 2020, Britain had negotiated access to a range of science and innovation programmes, including Horizon — a 95.5 billion euro ($97 billion) programme that offers research grants and projects. But it was locked out of Horizon as a result of a tit-for-tat dispute over how the Brexit agreement was being implemented. London and Brussels settled their dispute over post-Brexit trade rules governing Northern Ireland in February, and the UK has since been negotiating with the EU over rejoining Horizon. The report, which cited unnamed sources familiar with the matter, said a deal could be announced as soon as this week, as only minor details remained to be ironed out. Britain's science ministry was not immediately available for comment.

By Gilles Guillaume

SAO PAULO (Reuters) -Brazil's Foreign Relations Minister Mauro Vieira said on Wednesday the Mercosur bloc of Brazil, Argentina, Paraguay and Uruguay has already sent the European Union their position on an European addendum to their long-awaited trade agreement.

The European Commission on Wednesday said it designated six tech giants as «gatekeepers» under its new Digital Markets Act — a strict set of rules that could shake up the business models of large digital platforms.

Jenn-Hui Tan (pictured) is chief sustainability officer at Fidelity International.

G20 summit. The G20 presidency note by India underlines some concerns and calls for a common global road map for minimum policy standards for VDAs. Therefore, it is important to understand how other countries have addressed VDAs.

Congress leader Rahul Gandhi will hold extensive interactions with EU parliamentarians, students and the Indian diaspora during his almost week-long visit to Europe, which began on Tuesday. Sources said Gandhi will meet and hold consultations with EU MPs on September 7 in Brussels, the first of his interactions during his visit.

Under India's G20 presidency, active discussions around establishing a global framework for cryptocurrencies are underway, India’s minister of finance Nirmala Sitharaman has said. 

trade pacts with certain G20 countries and diversifying exports to regions like Brazil and Mexico could help India boost outbound shipments and manufacturing in the years to come, Chairman, CII national committee on EXIM, Sanjay Budhia, said on Wednesday. He said that tapping into opportunities in G20 countries is crucial for India's economic growth and global influence. India should diversify its export markets within the G20 countries, Budhia, who is also Managing Director of Patton Group, said. He added that while traditional partners like the United States and the European Union remain important, exploring emerging markets within the G20, such as Brazil, South Africa, Indonesia, and Mexico, can open up new avenues for Indian goods and services. «Negotiating and implementing trade agreements and bilateral deals with G20 member countries may be helpful to tap potential between India and G20 countries.

The host of the first Africa Climate Summit says climate change is “relentlessly eating away” at Africa’s economic progress and it’s time to have a global conversation about a carbon tax on polluters

China's foreign minister is seeking to sell his Italian counterpart on the benefits of leader Xi Jinping's signature “Belt and Road” initiative of Chinese-built and -funded infrastructure projects, as Rome considers whether to renew the agreement

Open Society Foundations will spin off its support for Europe’s Roma communities into a new foundation to which it has pledged €100 million or around $107 million

The European Union’s Commission is reshuffling more of its top management because antitrust chief Margrethe Vestager of Denmark is seeking to become the president of the European Investment Bank

Greece was struck by tragedy as relentless downpours triggered flooding, claiming at least one life, according to reports from the country's fire brigade. These inundations came just a day after Greek officials reported progress in taming the colossal wildfires, now dubbed the «largest ever» in European Union history, that had wreaked havoc across the nation.

Urals oil loaded from the state's ports in August, despite a record rise in prices for the grade, traders, LSEG data and Reuters calculations showed.Indian refineries said in August that the Urals discount to the dated Brent benchmark crude had narrowed too much, making them cut purchases of the grade in September. Discounts for Urals oil loading in August narrowed to $5 per barrel and below on a DES (delivered ex ship) basis in Indian ports — a record low since a European Union embargo on Russia's oil. Along with the EU embargo, the G7, the European Union and Australia imposed a $60 per barrel price cap last December on sea-borne exports of Russian crude in retaliation for Russia's war on Ukraine, which Moscow calls a special military operation. The increase in prices for the Russian grade was due to Russia's pledge to cut oil exports in August by 500,000 barrels per day (bpd) in cooperation with OPEC+ to balance oil markets.

By Natalie Grover

Asset managers trying to sell funds in Europe are finding it “increasingly difficult” to do so unless their products are registered as ESG, according to a study by analysts at Goldman Sachs Group Inc.

The European Union seems to have gotten its blockchain king - Poland - judging by the overwhelmingly positive feedback from the attendees of ETH Warsaw.

The European Union's (EU) upcoming digital euro may face hurdles in non-euro member states, according to a review conducted by the European Parliament. 

London | A looming Europe-wide ban on petrol and diesel cars could hand a large chunk of the European electric vehicle market to the continent’s Chinese rivals, BMW’s chief executive has warned.