Eu Financial News

On July 19, India’s premier natural gas company GAIL entered into a joint venture with Nasdaq-listed LanzaTech to capture carbon dioxide (CO2) and convert it into useful organic chemicals. This must be recognised as a paradigm-setting initiative to combat climate change. So far, the global discourse on combating climate change has been about reducing additional emissions of heat-trapping gases such as CO2, called greenhouse gases, rather than on taking out what has already been injected into the atmosphere.

The European Central Bank says the banking sector could withstand a severe economic downturn without depleting their financial buffers against losses

Ben Bernanke, the former chairman of the U.S. Federal Reserve, will lead a review of the Bank of England’s economic forecasting amid concern that inaccurate predictions about growth and inflation hampered the central bank’s efforts to combat Britain’s ...

financial market, and close borders, a report by Reuters has claimed. -Niger's eastern neighbour Chad, a non-member of both regional organisations, has been invited to the ECOWAS summit, a statement from the Chadian president's office said on Saturday. -The European Union and France have cut off financial support to Niger and the United States has threatened to do the same.

As a growing number of Wagner soldiers gather in Belarus, neighbouring countries are mulling a border closure. Polish officials said that more than 100 mercenaries belonging to the Russian-linked mercenary group had moved close to the shared border. Prime Minister Mateusz Morawiecki described it as a step toward a “hybrid attack on the Polish territory".

MAGDEBURG, Germany (Reuters) — Thousands took to the streets to protest against the far-right Alternative for Germany (AfD) on Friday and Saturday as the party held a convention to choose its candidates for European parliamentary elections next year.

An open letter from GitHub, Hugging Face, Creative Commons and other tech firms are calling the European Union to ease upcoming rules for open-source artificial intelligence models.

European Parliament adopted a unique law under which exporters of select products have to certify that their items sold in the European Union (EU) had not led to deforestation and forest degradation. Under the EU Deforestation Regulation, a slew of products, from coffee to wooden furniture, must not have come from fields that have been deforested after 2020.

By Ludwig Burger and Maggie Fick

Piyush Goyal on Saturday said he is hopeful of India finalising certain free trade agreements (FTAs) in the next few months, which would help promote exports. India is in the final stages of concluding FTA negotiations with the UK. The country is also negotiating similar pacts with Canada and European Union (EU). «We can leverage the free trade agreements with the UAE and Australia and we are hopeful that in the next few months, we will finalise many more free trade agreements to help you grow your business with zero duty on finished leather products and footwear available for you to exploit bigger and better markets,» Goyal said while addressing footwear industry representatives here. The minister also asked the industry to focus on quality and sustainable manufacturing processes to tap business opportunities in the developed world. The Indian footwear and leather industry is not only a major foreign exchange earner but being a labour-intensive sector, it also provides employment to approximately 4.5 million people, 40 per cent of whom are women. He said that India has the capacity to become the world's largest and best-quality footwear manufacturer.

The World Meteorological Organization and the European Union's Copernicus Climate Change Service on Thursday proclaimed July's heat is beyond record-smashing. They said Earth's temperature has been temporarily passing over a key warming threshold: the internationally accepted goal of limiting global warming to 1.5 degree Celsius (2.7 degrees Fahrenheit). Temperatures were 1.5 degrees warmer than pre-industrial times for a record 16 days this month, but the Paris climate accord aims to keep the 20- or 30-year global temperature average to 1.5 degrees. A few days of temporarily beating that threshold have happened before, but never in July. July has been so off-the-charts hot with heat waves blistering three continents — North America, Europe and Asia — that researchers said a record was inevitable. The U.S. Southwest's all-month heat wave is showing no signs of stopping while also pushing into most of the Midwest and East with more than 128 million Americans under some kind of heat advisory Thursday. «Unless an ice age were to appear all of sudden out of nothing, it is basically virtually certain we will break the record for the warmest July on record and the warmest month on record,» Copernicus Director Carlo Buontempo told The Associated Press.

India emerge as a trusted, resilient partner in the electronics and semiconductor space, Union Minister Rajeev Chandrasekhar said here on Saturday, and asserted the world wants to partner with India for the country to grow its footprints in the semiconductor ecosystem. Talking to PTI on the sidelines of the Semicon India 2023 event organised at Mahatma Mandir here, he said Prime Minister Narendra Modi's vision for the sector is to create more and more opportunities for young Indians studying in colleges.

By Joe Cash

NIAMEY (Reuters) — The European Union has cut off financial support to Niger and the United States has threatened to do the same after military leaders this week announced they had overthrown the democratically elected president, Mohamed Bazoum.

FTA, 19 have been closed. "Remaining issues include IPRs, rules of origin, and investment treaty," the official added. In the rules of origin chapters, both countries are talking about product-specific rules, value addition, change in chapter heading, and certification.

The German Federal Financial Supervisory Authority, or BaFin, reportedly advised crypto exchange Binance to withdraw its licensing application based on concerns with CEO Changpeng Zhao (CZ) and the firm’s structuring.

Mint had reported that India may not budge from its opposition to the provisions on regulatory data protection as well as patent extension during the free trade talks with the EU and UK. Regulatory data protection or data exclusivity have been among EU’s demands since 2013 but continues to be a red line for India. Patent term extension allows secondary patenting or ‘evergreening’, a technique used by companies to prevent the entry of generic drugmakers.

Sam Altman's Worldcoin project and that the legality of its biometric data collection «seems questionable». Worldcoin, which launched on Monday, requires users to provide their iris scans in exchange for a digital ID and in certain countries free cryptocurrency. Its website says it has signed up 2.1 million people, mostly in a trial over the last two years.

New Delhi: As India and UK inch closer to signing a free trade agreement, both countries are set to take up contentious parts of the FTAs such as Intellectual property rights (IPR), rules of origin, Bilateral Investment Treaties (BIT) during the next round of talks in August, senior government official said on Friday. - Talks on IPR are crucial as India is the world’s largest provider of generic drugs, accounting for a fifth of global supply. The low cost of generics mean they comprise about 70-80% of the domestic retail market and are crucial to the well-being of the aging Indian population.

By Giuseppe Fonte

Poland's lawmakers have voted to approve an amended but divisive law on Russian influences believed to be targeting the opposition and criticized by the U.S. and the European Union