Eu Financial News

Apple snapped out of a recent iPhone sales slump during its summertime quarter

Los Angeles County is taking on Pepsi and Coke for their role in plastic pollution

The European Commission has fined Israeli generic drugmaker Teva more than 460 million euros ($500 million) for improperly seeking to protect the patent for its multiple sclerosis drug and for disparaging a rival company’s development of a competing me...

Chinese online retailer Temu is facing a European Union investigation over suspicions it’s failing to prevent the sale of illegal products

Global markets are mostly lower after a rally in technology stocks propelled the Nasdaq composite to a record high

The European Union has finalized its sharply higher customs duties on electric vehicles imported from China

Opponents of Myanmar’s military government have welcomed the latest sanctions imposed by the European Union, the U.K. and Canada on individuals and entities supplying aviation fuel and equipment to the army

The funding will come from the European Innovation Council (EIC), which is part of the EU's research and innovation programme, and it represents an increase of nearly 200 million euros in terms of investment compared to 2024. European politicians have targeted tech and the fast-growing artificial intelligence (AI) sector as one of their key priorities in terms of boosting the region's sluggish economy.

The European Union says it will impose duties on imports of electric vehicles from China from Thursday, after talks between Brussels and Beijing failed to find an amicable solution to their trade dispute

dispute settlement body (DSB) has accepted a request from India and Taiwan to further defer the adoption of the ruling against New Delhi’s import duties on certain information and technology products till April 25 next year. This is the fifth time the adoption of the ruling has been deferred. The two were earlier given time until September 19, 2023 then December 18, then April 26, 2024 and then October 31 to resolve the dispute regarding New Delhi’s import duties on certain information and technology products.

Georgia's president on Monday urged the West to support opposition protests of the official results of a weekend parliamentary election in which the governing party was declared victorious amid voting irregularities and allegations of Russian meddling. President Salome Zourabichvili, who refused to recognize the official results, told AP that the South Caucasus nation has fallen victim to Russian pressure aimed at derailing Georgia's plans to join the European Union. «We've seen that Russian propaganda was directly used,» said Zourabichvili, a fierce critic of Georgian Dream, the governing party. She said the government has been «working hand-in-hand with Russia,» and «probably» received help from Moscow's security services.

Manufacturers led by BYD Co. have opened a new front in the fight for dominance of the auto industry by redefining “Made in China” as a global symbol of luxury for the electric-vehicle age. After challenging the likes of Mercedes and BMW AG in their home market, they’re taking the fight to Europe and making inroads. The clearest sign of their impact came on Friday, when Mercedes reported its weakest profitability since the former cars-to-trucks conglomerate broke itself up in 2021 to become more nimble. Porsche AG, the maker of the 911 sports car, said it’s weighing cost cuts and reviewing its model lineup after a demand slump in China caused earnings to plunge.

Shreya Life Sciences from the many other commercial businesses that keep the Andheri neighborhood of India’s largest metropolis humming throughout the day. But this inconspicuous pharmaceutical company is part of a lucrative trade in leading-edge technology to Russia that has the US and its European allies worried at India’s burgeoning role as an intermediary in the sales. A Bloomberg News analysis of data compiled by trade-tracking firms ImportGenius and NBD shows that Shreya exported 1,111 units of Dell Technologies Inc.’s most-advanced servers to Russia in April-August of this year.

Subscribe to enjoy similar stories. Artificial intelligence (AI) holds transformative potential for numerous sectors. Yet, its deployment brings significant ethical, legal and societal challenges.

Shaktikanta Das, the Governor of Reserve Bank of India (RBI), on October 26, received award for A+ grade in Central Bank Report Cards 2024, for the second consecutive year. The award, presented by Global Finance in Washington D.C., USA, recognised RBI Governor's excellent performance and effective leadership in steering India's apex bank through complex economic challenges. In a social media post on X, RBI posted, «Governor @DasShaktikanta received the award for A+ grade in Central Bank Report Cards 2024, for the second consecutive year. Presented by Global Finance at an event held today in Washington DC, USA.»

European Union regulators have slapped LinkedIn with a 310 million euro fine for violations of the bloc’s stringent data privacy rules

Chipmaker Intel has won a fresh victory in a long-running battle against European Union competition watchdogs after the bloc’s top court confirmed a lower tribunal’s decision to overturn a billion-euro antitrust penalty

LinkedIn's lead privacy regulator in the 27-nation EU, the Dublin-based commission conducted an investigation that concluded the professional networking site lacked a lawful basis for collecting user data intended for targeted online advertisements, added the AP report. This violation of the General Data Protection Regulation (GDPR) represents a serious infraction of the right to data protection within the EU.Reportedly, Deputy Commissioner Graham Doyle emphasised the severity of the situation, stating that processing personal data “without an appropriate legal basis is a clear and serious violation" of established privacy rights.

Subscribe to enjoy similar stories. New Delhi: The European Investment Bank (EIB), which has committed to supporting India's green hydrogen sector with a €1 billion investment, is working with public sector enterprises Power Finance Corporation and Indian Renewable Energy Development Agency Ltd to identify and develop projects in the country, said Nicola Beer, vice president of the lending arm of the European Union. "We see opportunities in the green hydrogen mission of India.

BEIJING — Chinese smartphone companies are rolling out artificial intelligence features for local users, adding pressure onApple.

According to Capital Group's latest ESG Global Study, 94% of respondents surveyed across EMEA were ESG users in 2024, one percentage point higher than a year before and up from 87% in 2021, as ESG adoption globally remained at a record high.  Meanwhile, ESG adoption rates across Asia-Pacific and North America remained unchanged from 2023, at 93% and 75%, respectively. Nearly seven in ten surveyed (68%) cited regulatory compliance as the main driver of ESG adoption, with one portfolio manager at a German private bank mentioned by the report arguing that «under EU regulations, we now ha...