Eu Financial News

SUV, a saloon and a racing car on display. The price tags were high (around €50,000, or $54,000, for the passenger car and almost €75,000 for the SUV; the racing car was not for sale) but they seemed considerably lower than those of German rivals such as Mercedes or BMW—until you read the fine print. The battery is not included.

The government is reported to be mulling various strategies to deal with the European Union’s Carbon Border Adjustment Mechanism, or C-BAM. Here is what the government should do: present the EU with a Carbon Dioxide Removal Obligation (CDR-O) tax on imports from the economic bloc, with a provision for setting off C-BAM against CDR-O levies. The EU sees itself as the global leader in fighting climate change.

NEW DELHI : India’s ambition to accelerate its green hydrogen mission faces challenges as the targets have not translated into actual demand, and the adoption of a gradual mandate for the use of green hydrogen may not help the country achieve the goal of 5 million tonnes (mt) capacity by 2030, said Sumant Sinha, the founder, chairman, and chief executive officer (CEO) of ReNew. “The size of the opportunity in green hydrogen is almost limitless in a way based on just what governments have stated as being their plans. But a lot of that has to translate from government targets to actual demand, and that has not happened so far," Sinha said in an interview at the Energy Transition Working Group Meeting and the Clean Energy Ministerial under India’s G20 presidency in Goa.

Zelenskiy said on Monday that the extension of a European Union ban on Ukrainian grain imports in September would be «unacceptable». Five central European countries want the EU ban extended at least until the end of the year. The ban is set to expire on Sept.

Russia attacked Ukrainian grain warehouses on the Danube River, a vital inland export route and a major escalation of attacks on Ukraine's grain export infrastructure. Front-month September milling wheat on the Paris-based Euronext exchange was up 6.9% at 264.50 euros ($292.85) a metric ton at 1548 GMT, after earlier hitting 265.25 euros, its highest since April 3. Russia destroyed Ukrainian grain warehouses on the Danube River in a drone attack on Monday, expanding air campaign including attacks on Ukrainian grain infrastructure that Moscow began last week after pulling out of the Black Sea shipping deal.

ETIAS) before visiting. Currently, U.S. travelers enjoy visa-free access to numerous global destinations, but the implementation of ETIAS could affect this privilege. The application process, available on the official ETIAS website and mobile application, incurs a 7 euros or $7.79 U.S. dollars fee, with all communication conducted via email. Once approved, travelers can stay in European countries requiring ETIAS for up to 90 days within a 180-day period, and they must possess a valid ETIAS throughout their stay. The EU encourages applying well in advance, with most applications processed within minutes, though some may take up to 14 days if additional documentation is needed. The authorization is linked to the traveler's travel document, like a U.S. passport, and both documents are necessary for boarding flights, buses, or ships to enter European countries that require ETIAS. However, ETIAS doesn't guarantee automatic entry; border guards will verify if entry conditions are met, and non-compliance will result in refusal of entry. The ETIAS travel authorization is valid for three years or until the expiry of the travel document used in the application, whichever comes first. Travelers must ensure that all information, including name and passport number, is correct to avoid issues at the border. If an application is rejected, reasons for the decision will be provided, along with information on how to appeal. As this new requirement approaches, potential European travelers from the U.S. should familiarize themselves with the ETIAS process to ensure a smooth and hassle-free journey.

Migrants in Tunisia’s port city of Sfax who are aiming to make Europe their new home are now sharing the burden and the blame for escalating tensions deeply tinged with racism amid the fears of European leaders who are trying to stanch the numbers of p...

By Diana Mandia

Paris | Last month, Macquarie boss Shemara Wikramanayake went to Italy with a large pair of scissors. Her mission: to cut the ribbon at the company’s newly leased office in Milan, where the group’s investing and deal-making has stepped up a gear.

By Angelo Amante and Keith Weir

free trade agreements (FTAs), steel secretary Nagendra Nath Sinha told ET. This provision ensures that any steel which benefits from tariff concessions under FTAs is manufactured only in the countries that have an arrangement with India. It helps curtail attempts to use FTA countries as transit points to dump steel, from non-FTA ones, such as China, into India.

New Delhi: Indian engineering goods exports to Russia and Commonwealth of Independent States (CIS) countries surged in June, up nearly threefold in comparison to a year earlier, according to exporters. However, goods exports to other parts of the world witnessed a slowdown, they added. The 18-month long Russia-Ukraine war has driven prices of food and fuel higher, resulting in falling demand for goods and services in the West.

Russia «deliberately aimed their missiles at the historic city center of Odesa» which is protected by the United Nations Educational, Scientific and Cultural Organisation (UNESCO), said Oleh Kiper, the head of the region's military administration. «Everything that was built with hard work by great architects is now being destroyed by cynical inhumans,» said Kiper. The largest church in the city, the Orthodox Transfiguration or Spaso-Preobrazhenskyi Cathedral, which was dedicated in 1809, is among the destroyed structures.

Even as Indian goods exports to the rest of the world are slowing, engineering goods exports to Russia and other CIS countries have registered a sharp uptick, jumping nearly three times from June last year, exporters said. The Russia-Ukraine war, which entered its 18th month, has caused food and fuel prices to spike while creating a slump in demand for goods and services in the West. Indian goods exports have now declined for six consecutive months.

India’s engineering exports to major markets like the United States, the European Union (EU) and China continued to decline in June 2023, reflecting a challenging global trade environment, EEPC India said. The country’s shipments to West Asia and North Africa (WANA), North East Asia, and CIS countries, however, showed positive growth during the same period, the Engineering Exports Promotion Council of India (EEPC) said.

India's engineering exports to major markets like the United States, the European Union (EU) and China continued to decline in June 2023, reflecting a challenging global trade environment, EEPC India said. The country's shipments to West Asia and North Africa (WANA), North East Asia, and CIS countries, however, showed positive growth during the same period, the Engineering Exports Promotion Council of India (EEPC) said. India's engineering exports declined for the third straight month in June 2023, falling 11 per cent year-on-year to USD 8.53 billion.

Americans, and Britishers who always travelled visa free to the European regions, will soon need to produce travel authorisation. This comes after the European Union announced that it is set to implement the European Travel Information and Authorization System (ETIAS) that will require all travelers from visa-free countries, including the USA and the US, to obtain such document before their departure. First, ETIAS is not traditional visa but a travel authorisation document.  How to apply: Unlike a traditional visa, ETIAS will introduce an online application process, where travelers will need to fill out a form with biographical information, travel plans, travel history, and security-related questions.

«Nifty fell sharply on July 21 after a six-day winning streak, following disappointing results/guidance from IT companies, including Infosys. It fell at the fastest pace in about 18 weeks. At close, Nifty was down 1.17% or 234.2 points at 19745.

BUDAPEST (Reuters) — Hungary's Prime Minister Viktor Orban on Saturday renewed an attack on the European Union for conducting what he called an «LGBTQ offensive», saying his nationalist government would protect the country's Christian roots.

Microsoft's Activision Blizzard deal is back in the hands of Britain's antitrust regulator after an appeals court granted an adjournment, and the grounds for why the UK should reconsider its block on the U.S. software giant's takeover were published. The Competition and Markets Authority (CMA) set out on Friday Microsoft's arguments for the reconsideration, as the U.S.

Ukraine is set to nationalize a bank controlled by two Russian businessmen, denying them a financial haven and seeking to curb their influence on Kyiv’s economy and politics. Sense Bank, formerly known as Alfa Bank-Ukraine, is controlled by Mikhail Fridman and Petr Aven, two Russian businessmen under European Union and United Kingdom sanctions over their alleged ties to the Kremlin, which they have denied.