Eu Financial News

European Union nations are resisting an updated climate pledge showing the bloc is on course to over-deliver on emissions cuts ahead of COP28, in the latest sign of concern over the pace of the green transition. The European Commission, the bloc’s executive arm, is aiming to submit by September a revised pledge showing it’s on course to slash carbon emissions by 57% by 2030, according to a draft document seen by Bloomberg. But Poland, Lithuania, Hungary, Italy, Slovakia and Romania are concerned that the figure — higher than the 55% targeted under the bloc’s green deal — is too ambitious, according to people familiar with the matter.

climate change. It is efficient, allowing society to identify the cheapest unit of carbon-dioxide equivalent to forgo. It is fair: polluters pay; the proceeds can be redistributed.

iPhone 15 series. Industry sources, as reported by 9to5Mac, suggest that at least some models within the iPhone 15 lineup will feature improved charging speeds of up to 35W. Currently, it's uncertain whether Apple will boost the wired charging speed across all four iPhone 15 models or if it will reserve this enhancement solely for the Pro models.

Inflation and economic slowdown in advanced economies, coupled with piled up inventory since the pandemic, have caused India's apparel export clients to defer orders or request lower prices, said an industry representative. Exporters are looking forward to the Christmas season in the next quarter to alleviate the ongoing slump. "Cotton textile exports rose 6% in July and the July-September quarter is expected to maintain that momentum," said a representative from the cotton textile industry.

By Jan Strupczewski

The “starting universe” for JSEG and JSEU will be the MSCI World index and MSCI USA Index, respectively.

QR codes are also proliferating, including on individual portions of pre-sliced Prosciutto di San Daniele, a raw ham similar to Prosciutto di Parma. A smartphone can be used to show information such as how long the prosciutto has been aged and when it was sliced.

BRUSSELS (Reuters) — The euro zone swung back into a large trade surplus in June from a similar size deficit 12 months earlier, as imports from both Russia and China fell sharply, data showed on Thursday.

Investing.com — European stock markets traded lower Thursday on growing worries around China’s stuttering economy and the potential for higher U.S. interest rates.

Norway’s central bank says it's raising its key interest rate by a quarter-percentage point to combat high inflation

Rahul Gandhi is set to visit Ladakh for two days, starting Thursday, as per party sources, as cited by ANI. Earlier, he toured Srinagar and Jammu twice but couldn't visit Ladakh. The party source, however, did not reveal any other plans.

NEW DELHI : A record number of World Trade Organization (WTO) members have raised concerns about rising protectionist moves in global trade, propelling the issue to centre stage at the 13th WTO Ministerial Conference (MC13) in Abu Dhabi in February, an official aware of the development said. Many developing nations, including India, are set to oppose the European Union’s (EU’s) carbon border adjustment mechanism (CBAM) that aims to tax imports of carbon-intensive products such as steel, aluminium, cement, and electricity. The EU is also expected to file a complaint against the US’s Inflation Reduction Act because the $430 billion subsidy to manufacturers of green technology will distort international prices and is against WTO norms.

free trade agreement (FTA). While the geo-political environment is favourable for the deal, dubbed as the mother of all FTAs that India is negotiating, it will be a difficult trick to pull off. The EU is India’s second-largest export market after the US, but the share of the continent in India’s overall goods exports has been declining in the past two decades.

Switzerland’s government has lined up with the European Union’s 11th round of sanctions against Russia over its war in Ukraine

The U.K. has created an investment vehicle to back growth-stage financial technology companies until they can go public, in a bid to bolster Britain's global image as a fintech investment hub.

When it comes to cryptocurrency/blockchain regulation, considerable attention has been focused, this past year, on the United States' action (or inaction). But the U.S. is not the world, just one important player, and crypto, from its beginnings, has been a global enterprise. 

Started in 2013, TVS Motor Company and BMW Motorrad have commemorated a decade of their robust and strategic partnership within the realm of two-wheelers. Spanning over product development, design, technology, knowledge sharing, and developing common platforms for both their global customers, the strategic partnership between the two companies have achieved a series of milestones globally, said the company in a statement.

In recent years, the popularity of electric cars has surged across China, the United States, and Europe. This surge is attributed to the green revolution, which is particularly emphasized in the old continent.

In the latest episode of Cointelegraph’s The Market Report, analyst Marcel Pechman discusses the first spot Bitcoin exchange-traded fund (ETF) approved in the European Union, which went live on the Euronext Amsterdam exchange on Aug. 15. Despite the seemingly unconventional choice of the Guernsey regulator for its constitution, the fund’s listing on Euronext suggests a strategic maneuver, though its meager 1 million euro launch and unfamiliar management casts a shadow over its appeal.

NATO member Poland displayed its state-of-the-art weapons and defense systems at a massive military parade Tuesday, as war rages in neighboring Ukraine and ahead of parliamentary elections in two months. President Andrzej Duda, the chief commander of the armed forces, said in his opening speech that the protection of Poland's eastern border is a key element of state policy. He also noted that Poland is supporting Ukraine in its struggle against Russia's aggression of almost 18 months.

Germany’s Cabinet is set to approve a plan to liberalize rules on cannabis, setting the scene for the European Union’s most populous member to decriminalize possession of limited amounts and allow members of “cannabis clubs” to buy the substance for re...