Eu Financial News

04.10 / 14:23

UPS Cooper economy Trade War country EU tariffs on Chinese electric vehicles are part of an 'economic cold war,' Hungary's Orbán says

Hungary's prime minister says the European Union risks entering an “economic cold war” with China, and is pledging to vote against an EU plan to impose higher tariffs on the import of Chinese electric vehicles

04.10 / 14:23

markets Manufacturing economy wellness Trade Experts country EU countries vote to impose duties on China EVs ahead of an end-of-October deadline

European Union countries have voted to impose duties on imports of electric vehicles from China, as talks continue between Brussels and Beijing to end the standoff before an end-of-October deadline

04.10 / 13:19

markets FIVE Digital economy Trade Experts EU presses ahead with Chinese EV tariffs after divided vote

electric vehicles, the EU executive said on Friday, even after the bloc's largest economy Germany rejected them, exposing a rift over its biggest trade row with Beijing in a decade. The proposed duties on Chinese-built EVs of up to 45% would cost carmakers billions of extra dollars to bring cars into the bloc and are set to be imposed from next month for five years. The Commission, which oversees the bloc's trade policy, has said they would counter what it sees as unfair Chinese subsidies after a year-long anti-subsidy investigation, but it also said on Friday it would continue talks with Beijing.

04.10 / 09:53

markets UPS MET Manufacturing security Strategy Is Europe’s biggest battery maker about to run out of juice?

Subscribe to enjoy similar stories. Europe’s great hope for battery independence is fighting for survival after the company said it was cutting 1,600 jobs and curtailing expansion plans. Northvolt was the darling of the European cleantech industry, attracting billions in funding from the world’s biggest automakers, banks and governments.

04.10 / 09:53

UPS Waters Corning Food track International Food prices rose at fastest rate in 18 months in September, UN says

Subscribe to enjoy similar stories. Food prices saw their fastest increase in 18 months in September, with the prices of all commodity groups rising, led by sugar, the Food and Agriculture Organization of the United Nations said. The FAO’s food price index, which tracks global prices for a basket of staple foods, averaged 124.4 points in September, up 3.0% from August and 2.1% higher on year.

03.10 / 17:51

Death Experts reports Poland's government will toughen a ban on alcohol sales to those under 18 years old

Poland’s government is introducing regulations that will toughen the ban on alcohol sale to those under 18 years old and prohibit the sale of alcohol at filling stations at night

02.10 / 17:17

Cooper security President reports rights Relationships International The UK and EU vow to mend their Brexit battered ties. They will set a new agenda and hold summits

The United Kingdom and the European Union say they will strengthen their relationship after the damage caused by Brexit

02.10 / 07:53

markets UPS economy War country Russia’s gas business will never recover from the war in Ukraine

Subscribe to enjoy similar stories. When Russia’s leaders stopped most of the country’s gas deliveries to the EU in 2022, they thought themselves smart. Prices instantly shot up, enabling Russia to earn more despite lower export volumes.

02.10 / 05:41

markets Manufacturing Analysis Research Trade innovations reports China pumped in over $100 bln overseas in cleantech since 2023, research group says

clean energy technology projects have exceeded $100 billion since the start of 2023 as they aim to avoid tariffs in the U.S. and elsewhere, Australian research group Climate Energy Finance (CEF) said on Wednesday. China is the world's biggest producer and exporter of products such as solar panels, lithium batteries and electric vehicles, with its investment, innovation and manufacturing capabilities leading the world by an «astonishing margin», CEF said in a research report.

02.10 / 03:53

Gap Trade country voice reports Discrimination International Countries, businesses and trade officials urge EU to rethink deforestation regulation

A growing number of governments, international trade organizations and businesses are urging the European Union to reconsider a deforestation regulation set to take effect in December

02.10 / 02:59

WhatsApp wellness Trade China files appeal to WTO on Canada's tariffs on EVs, metal products

WTO) to rule on Canada's imposition of steep tariffs on Chinese electric vehicles as well as steel and aluminum products. Following the lead of the United States and European Union, Canada began imposing on Tuesday a 100% levy on EVs shipped from China, having also announced in late August a 25% tariff on Chinese steel and aluminum products. «China has raised a litigation to the WTO over Canada's unilateral and trade protectionist measures, and will conduct anti-discriminatory probe into these restrictive measures,» the ministry said in a statement.

01.10 / 16:29

UPS Target Reuters Food Indus Eurozone inflation dips below ECB target for the first time in over three years

According to flash estimates from the European Union's statistics office Eurostat today (1 October), inflation in the euro area fell to 1.8% in September, down from 2.2% in August, matching forecasts by a Reuters poll of economists. Core inflation, which strips out energy, food, and tobacco, eased slightly from 2.8% in August to 2.7% in September. ECB cuts interest rates to 3.5% amid softer inflation figures and faltering growth Services inflation fell to 4% last month from 4.1% in August, while food, alcohol and tobacco prices ticked up slightly to 2.4% from 2.3%. Non-energy indus...

01.10 / 14:27

UPS Progressive Southern country volunteers mountaineering Hundreds of firefighters battle a deadly forest fire raging in southern Greece for the third day

Hundreds of firefighters and volunteers in southern Greece are battling for a third day a large wildfire that has killed two people and devastated a large forested area

01.10 / 14:27

economy Election trends President country testing The new French prime minister tells parliament the country’s 'colossal' debt is 'sword of Damocles'

In his inaugural address to parliament, the new French Prime Minister Michel Barnier has warned that “colossal” and spiraling debts are a “sword of Damocles” hanging over the country’s finances

01.10 / 12:47

markets Extreme Trade country Schools Investigations India initiates dumping probe on six products imported from China

DGTR) is probing the dumping of 1,1,1,2-Tetrafluoroethane or R-134a; Acrylonitrile Butadiene Rubber; certain Antioxidants; polytetrafluoroethylene; black toner powder cartridge; and colled rolled non-oriented electrical steel from China. According to six separate notifications, the applicants have alleged that material injury is being caused to the domestic industry due to the dumped imports of these products originating in or exported from China into India. They have requested for imposition of anti-dumping duty on these imports with a view to guard them from cheap imports.

01.10 / 11:21

markets Ethereum Provident Digital Platform Harmonic Bitcoin Robinhood Enables Crypto Transfers in Europe

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

01.10 / 10:47

markets UPS Boeing Election classical International The surprise market winner of 2024: The Great British Pound

Subscribe to enjoy similar stories. “Credit rates are going up, up, up and the British pound is the envy of the world," exclaims Mr. Banks in the 1964 classic film “Mary Poppins." For the first time since the U.K.

01.10 / 10:47

UPS Assurant Align Bill Trade Justice country Here’s how cross-border data transfers can be smoothened

Subscribe to enjoy similar stories. When Justice B.N. Srikrishna first introduced the concept of data localization into the draft data protection law he proposed in 2018, I was not in favour of it.

01.10 / 09:17

markets Digital Booking CEO Platform Trade 2020 London-based Robinhood rival Freetrade buys UK arm of Australian investing platform Stake

London-based online trading platform Freetrade told CNBC Tuesday that it's agreed to buy the U.K. customer book of Stake, an Australian investing app.

01.10 / 09:13

Target Digital economy BURST country strain Inflation in Europe falls below 2% and opens the way for faster rate cuts

Inflation in the 20 countries that use the euro fell to 1.8% in September, below the European Central Bank’s target of 2% for the first time in more than three years

01.10 / 09:13

UPS Sustainability Research students Universities reports Harvesting hops for beer produces a lot of waste. These German groups are seeking to fix that

A startup called HopfON — a play on Hopfen, the German word for hops — and a research society in Bavaria are seeking to solve the problem of waste created during the hops harvest in Germany

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