Eu Financial News

Copernicus Climate Change Service, a division of the European Union's space programme, announced Tuesday. Normally global temperature records are broken by hundredths or a tenth of a degree, so this margin is unusual. «These records have dire consequences for both people and the planet exposed to ever more frequent and intense extreme events,» said Copernicus deputy director Samantha Burgess.

Gland Pharma on Tuesday rallied up to 20% to the day's high of Rs 1,610 after the company reported better-than-expected June quarter earnings with revenue growing 41% year-on-year (YoY). Global brokerage firm Jefferies upgraded the stock to buy from underperform with an increased price target of Rs 1,640 from Rs 1,065 earlier. Bernstein also gave an outperform rating on Gland Pharma, saying that the Q1 numbers point towards early signs of revival in base business.

Facebook owner Meta Platforms will be fined 1 million crowns ($98,500) per day over privacy breaches from Aug. 14, Norway's data protection authority told Reuters on Monday, a decision that could have wider European implications. The regulator, Datatilsynet, had said on July 17 that the company would be fined if it did not address privacy breaches the regulator had identified.Meta Platforms did not immediately reply to a request for comment.

Greece’s resort island of Rhodes is nursing its wounds after 11 days of devastating wildfires

Pakistan plans to privatise its loss-making national carrier Pakistan International Airlines, the government said on Monday, as the country also seeks to outsource its airport operations in line with an IMF deal. The privatisation decision was taken at a meeting of the Cabinet Committee of Privatisation chaired by Finance Minister Ishaq Dar.

Digital Personal Data Protection (DPDP) Bill with a voice vote, bringing India a step closer to its first law that enshrines how private or government entities can use or process citizens’ data. The opposition has expressed several concerns over the legislation and has been demanding that the bill be sent to a parliamentary panel for further deliberations. They alleged that the bill violated citizens’ Right to Privacy.

A weakening economy and potential recession in Germany could be positive for Bitcoin (BTC) prices, crypto analyst Marcel Pechman believes.

genetically modified crops. The U.S. is the world’s top exporter of food, excluding fish, according to the Food and Agriculture Organization of the United Nations, shipping out close to $200 billion in agricultural exports in 2022, according to the Agriculture Department.

PayPal said on Monday it has launched a U.S. dollar stablecoin, becoming the first major financial technology firm to embrace digital currencies for payments and transfers. While stablecoins — crypto tokens whose monetary value is pegged to a stable asset to protect from wild volatility — have been around for years now, they are yet to successfully make headway into the mainstream consumer payments ecosystem.

By Foo Yun Chee

The PRA reportedly indicated privately earlier this year that it would be “open” to aligning with the US if it opted to delay the implementation date.

Greece’s resort island of Rhodes is nursing its wounds after 11 days of devastating wildfires

Niti Aayog is looking at tax-related issues, including inverted duty structure in three sectors of engineering, leather, and textiles, an official said on Monday. The issues are likely to be taken up with higher authorities for their resolution to promote the growth of these sectors, the official said. Industry representatives of leather and engineering sectors said that they have shared a list of GST (Goods and Services Tax) and inverted duty structure-related issues with the Niti Aayog. «We expect the government to resolve those issues as it would help in promoting manufacturing and exports from the country,» an industry official said. The leather sector has recommended the reinstatement of basic customs duty on the import of wet blue, crust and finished leathers. The exercise assumes significance as these three sectors are labour-intensive and contribute significantly to the country's merchandise exports.

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Saudi Arabia announced that citizens of eight more countries will now be eligible for a visitor e-visa, state media reported. The e-visa will be available to visitors from Albania, Azerbaijan, Georgia, Kyrgyzstan, Maldives, South Africa, Tajikistan, and Uzbekistan, for leisure, business, and religious (Umrah only) travel, bringing the total number of eligible countries to 57, Xinhua news agency quoted the state media report as saying. The visitor e-visa is valid for an entire year, grants multiple entries, and permits a stay of up to 90 days. After launching the e-visa program in 2019, Saudi Arabia welcomed 93.5 million visits in 2022, a 93-per cent increase from 2021, registering a tourism expenditure of 185 billion Saudi Riyals ($49 billion). In 2022, Saudi Arabia decided to provide a visitor e-visa for holders of valid Schengen, British and US visas that have been used to enter these countries before arriving in Saudi Arabia and for permanent residents of the European Union, Gulf Arab countries, Britain and the US.

DPDP) Bill has caused concern among experts who feel it will leave a lacunae in the privacy law. It will also lead to more confusion and ambiguity surrounding the ever-evolving technologies and how they are regulated, they added.

free trade agreement, according to an official. “The EU officials are coming for the G20 trade ministers meeting this month in Jaipur. There is a high-level meeting at the minister level on August 26 in the national capital between India and the EU," PTI reported.

India and the European Union (EU) will be held this month to take stock of the progress of talks on the proposed free trade agreement, according to an official. «The EU officials are coming for the G20 trade ministers meeting this month in Jaipur. There is a high-level meeting at the minister level on August 26 in the national capital between India and the EU.

European Union (EU) adopted the General Data Protection Regulation (GDPR), which replaced the 1995 Data Protection Directive. The GDPR is considered the gold standard for a comprehensive regulation of data protection and privacy.

Joyeeta Gupta, professor of environment and development in the Global South at the University of Amsterdam, won the Spinoza Prize, the highest award in Dutch academia, sometimes referred to as the Dutch Nobel prize. Gupta’s work lies at the intersection of climate crisis, governance and justice, and the jury recognised it as “extremely broad and interdisciplinary”: She was also the lead author of the United Nations Intergovernmental Panel on Climate Change (IPCC), which won the Nobel Peace Prize in 2007 along with former US vice-president Al Gore.

New Delhi: As the country has set ambitious net-zero and energy transition goals, sector experts have suggested that India will have to develop a vibrant low carbon manufacturing industry. In an interaction Vibha Dhawan, director, TERI said: “When we are talking of energy transition, it’s directly related to the sustainable development goals and what we are basically looking at that we have to develop a vibrant low carbon manufacturing industry." The statement gains significance as several industries exporting goods to the Europe are already preparing themselves to comply to the European Union’s Carbon Border Adjustment Mechanism (CBAM) which would come into force in October.