Eu Financial News

European Union sees very limited progress in negotiations with China aimed at finding an alternative to tariffs on electric vehicles and the bloc currently sees little prospect of a quick deal, according to people familiar with the matter. China and the EU will continue technical talks this week after discussions in Beijing where both sides touted some progress. However, the chances of a deal remain slim for now, said the people, who spoke on condition of anonymity. China hasn't yet moved toward the EU's strict requirements on ensuring that any arrangement is enforceable and matches the effect of the anti-subsidy tariffs the bloc adopted last month, they said.

anti-dumping measures" on brandy imported from the European Union, deepening a trade standoff between Beijing and Brussels after similar measures last month. China announced provisional tariffs on EU brandy imports last month, saying the alleged «dumping» threatened «substantial damage» to the domestic industry. And Beijing's commerce ministry said in a statement Monday that authorities have «decided to implement temporary anti-dumping measures in the form of a cash deposit or letter of guarantee» against European brandy products.

Sterlite Power on Monday said it received orders worth around Rs 1,200 crore across its Global Products and Services (GPS) business in September quarter. Its GPS business focuses on sustainable products, and specialized Engineering, Procurement, and Construction (EPC) services. The cumulative order win in April-September FY25 is Rs 2,700 crore, it said. In September quarter, it bagged new orders totalling Rs 800 crore for high-performance conductors and Optical Ground Wire (OPGW) products. In the domestic segment, the major orders were towards supply of conductors for green energy transmission projects including Angul-Paradeep, Yalwar, and Runija-Indore transmission lines. The export segment saw order wins for high-performance green products from the US, the European Union, Africa, and the Middle East. The company also received India's first 144-fiber count OPGW cable order from a state utility.

UK universities are among the most prestigious in the world, but visa restrictions mean they are now attracting fewer international students — taking a heavy toll on their finances. The restrictions are compounding problems caused by the UK's departure from the European Union four years' ago. Almost 760,000 foreign students were enrolled in British universities in 2022, making Britain the second most popular destination after the US, in a highly competitive market.

Subscribe to enjoy similar stories. Wall Street’s verdict is clear: A second Trump presidency is likely to deliver a blow to an export-dependent European Union that is struggling with sclerotic economic growth and ever-multiplying political crises. Whether it will finally spark some change is the question for patient investors.

Donald Trump's economic policies and agendas, has once again alarmed the world after his historic comeback in the US presidential election. Based on protectionism, tariffs, corporate tax cuts, increased infrastructure spending, deregulation, immigration control and strengthening local manufacturing, Trumponomics aims at fostering economic growth, raising incomes and creating more jobs. But critics say Trumponomics can stoke inflation, add to fiscal deficit and favour the rich.

Subscribe to enjoy similar stories. United States president-elect Donald Trump’s pro-business, soft regulatory stance may benefit Big Tech companies such as Alphabet, Apple, Meta and Microsoft, which have faced scrutiny for their alleged anti-competitive practices under the outgoing Joe Biden administration.

Subscribe to enjoy similar stories. If you are the CEO of a global multinational corporation or the chief investment officer of a large global pension fund or a sovereign wealth fund or an insurance company, or an asset manager with a high allocation to emerging markets, India should be the least of your concerns for now. Donald Trump has won and all the scenarios that your staff planned around his potential win will now start playing out in real time.

The collapse of Germany’s governing coalition and President-elect Donald Trump’s imminent return to the White House are creating new risks for the European Union's biggest economy

Kepler Trust Intelligence surveyed 311 retail investors to gauge their investment plans in light of new cost disclosure rules, with 25% responding that they planned to up their allocation to trusts on the back of these changes. In September, the Treasury and the Financial Conduct Authority moved to temporarily make investment trusts exempt from complying with cost disclosure requirements under two EU directives: PRIIPS and MiFID II, with the aim of bringing in wider reforms next year. The conflict arose because the new regulations targeted non-UCITS vehicles, requiring them to be more...

Around 50 European leaders will be reassessing their trans-Atlantic relations in the hope that Donald Trump's second U.S. presidency will avoid the strife and political pitfalls of his first administration

China has reported its exports rose 12.7% in October from a year earlier, the fastest monthly growth in more than two years

Climate Change Service (C3S) said on Thursday.

China has moved forward with a complaint at the World Trade Organization that alleges the European Union has improperly set anti-subsidy tariffs on new Chinese-made electric vehicles

sectoral approach to AI regulation, rather than a one-size-fits-all law, are growing louder. Jensen Huang, CEO of AI chip giant Nvidia, said at ET Conversations in Mumbai recently, “We should regulate AI in the context of every application. When you use AI as an accountant, that accountant should be regulated. When you use AI as a lawyer, that lawyer should be regulated. When you use AI as a doctor, that doctor should be regulated.” To be sure, AI is already subject to the country’s existing provisions on data privacy, cybersecurity and copyright laws. Industry leaders say the need therefore is to plug gaps or clarify how existing regulations would apply to AI in specific ways.

AI are being discussed by policymakers the world over. While some like the EU have been early movers in regulating the technology, others are opting to wait and watch. The US, for one, has taken a lighttouch approach to AI regulations so far. India does not have an AI law but it has rolled out the `10K-cr IndiaAI Mission earlier this year. The mission is indicative of India’s approach — to focus on building AI capabilities through computing infrastructure, skills, datasets and support for AI innovators.

Shein and Temu have transformed the fashion landscape across Europe and the United States. In the U.S., Shein and Temu are challenging Amazon's dominance, while in Europe, they are reshaping the market by competing aggressively with established fashion retailers like Zara and H&M, reported The Times of India (TOI). The appeal lies in their ultra-low prices and vast product ranges, making long-standing retailers seem less competitive in comparison. Zara and H&M are feeling the pressure, as Temu and Shein are often able to undercut their prices and deliver faster, feeding a growing demand for ultra-fast fashion in Europe. Recently, however, Temu has come under scrutiny in Europe. The European Commission, the EU's executive arm, has reportedly launched an investigation into Temu, following suspicions that the company may not be effectively preventing the sale of illegal products. This probe, reported by the Associated Press, follows Temu's addition to the EU’s list of “very large online platforms,” which are subject to stringent oversight under the Digital Services Act (DSA).

Subscribe to enjoy similar stories. As the rich world ages and faces chronic labour shortages, even as productivity slows, the silver generation—those over the age of 50 years—can be a valuable demographic group. Not only to overcome these challenges, but also transform the way society functions.

British passport if you have British nationality. But there are some circumstances where your application can be refused or your existing passport can be retained. When you can get or hold a British passport You must have British nationality to apply for or hold a British passport.

Kyriakos Mitsotakis today. Sharing the details of the conversation on the social media platform, X, PM Modi said that the two world leaders held a productive conversation and shared the commitment to strengthen the India-Greece Strategic Partnership. In the post, he said, «Together, we aim to deepen our collaboration across trade, defence, shipping and connectivity. Greece is a valued partner for India within the EU as well.»

Viktor Orban made his loyalties clear when he landed in Georgia this week. As protesters disputed an election victory for its pro-Russian leadership, Hungary’s prime minister congratulated the country for choosing not to become the next Ukraine. The trip to Tbilisi was a bold move, even for a leader who has made no secret of his coziness with Russia and disregard for the European Union. But with all eyes now on voting in the US, the timing was as important as the optics. A win for his ally Donald Trump on Tuesday could make Orban the go-to person in Europe for the next US president, according to a person familiar with the thinking in Budapest. And with Russia’s war in Ukraine, Europe’s security and trade relations with China all in flux, Orban is relishing that prospect.