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shipping industry is expected to drive the largest demand for green ammonia and green methanol, both derivatives of green hydrogen, in the coming years, Avaada Group chairperson Vineet Mittal told ET. The implementation of the Carbon Border Adjustment Mechanism in the European Union is expected to bring a surge in the green hydrogen derivatives offtake agreements, Mittal said. Offtake agreements so far among countries looking to trade in the molecules have seen tepid response because of higher cost compared with blue hydrogen and other regulatory hurdles.

The MSCI ESG Leaders, MSCI ESG Screened, MSCI ESG Universal and MSCI ESG Focus indices will all see the ESG tag omitted from their names. Meanwhile, the MSCI Sustainable Impact indices will be renamed to MSCI Sustainable Development indices. FCA to allow 'temporary flexibility' on SDR naming and marketing rules Set to take effect from 3 February 2025, MSCI said the decision followed client consultation.  «Through this decision MSCI will continue to provide its global client base with support to meet local regulatory requirements, in this case aligning with new rules on naming susta...

Tanzeel Akhtar has been covering the cryptocurrency and blockchain sector since 2015. She has written for the Wall Street Journal, Bloomberg, CoinDesk and Bitcoin Magazine.

Subscribe to enjoy similar stories. Eternal life has fascinated humans since time immemorial. Ancient Egyptians mummified their pharaohs, Chinese emperors sought the elixir of life, Greek myths spoke of ambrosia granting eternal youth, and India has had its legendary ‘Chiranjeevi’ immortals.

iPhone 16 hit the shelves across various markets on Friday. But for the foreseeable future, consumers in the European Union will not be experiencing its AI suite of features, called Apple Intelligence, that the new device was built for. ET explains why, and other instances this year when Apple ran into trouble with EU authorities and regulations. Apple says no to AI features in EU In June this year, Apple announced it would not roll out its AI features under Apple Intelligence in the EU market over ‘regulatory uncertainties’ and privacy concerns stemming from the Digital Markets Act.

Subscribe to enjoy similar stories. SHANGHAI : The chairman of drugmaker Roche denounced the recent boom in industrial subsidies by the U.S. and European governments and called them a “waste of money." Roche’s Severin Schwan used a visit to Shanghai for a business forum to criticize support that Western nations have increasingly offered to give their manufacturing industries a boost against competition from China and other nations.

The European Union says it will outline steps to compel Apple to open up its iPhone and iPad operating systems to competing technologies under the bloc’s tough new digital rulebook, which threatens hefty fines for breaches

Kyiv: The European Union (EU) pledged on Friday to lend Ukraine up to ₹35 billion ($39 billion) as part of a loan package organised by the Group of Seven major industrial nations, as it seeks to help the country rebuild its economy and its war-shattered power grid. G7 leaders agreed in June to engineer a $50 billion loan to help Ukraine in its fight for survival. Interest earned on profits from Russia's frozen central bank assets would be used as collateral, but progress in distributing the loans has been slow. «We should make Russia pay for the destruction it caused,» European Commission President Ursula von der Leyen told reporters at a news conference in Kyiv with President Vlodymyr Zelenskyy in Kyiv. Von der Leyen said that the EU has already provided Ukraine with more than ₹118 billion euros ($132 billion) in military and economic assistance since the war began in February 2022, «but Russia's relentless attacks mean further support is necessary.»

safeguard duties on its steel imports and has begun an exercise to firm up the list of items. “We are working on the products that would be subject to higher tariffs. These will mostly be steel products,” an official told ET. The two sides failed to reach an agreement on the concessions that the EU can offer India to mitigate the adverse impact of the safeguard duties it levies on some steel imports, which it extended by two years till 2026.

First-time applications from people seeking asylum in European Union countries declined in June, with Syrians, Venezuelans, and Afghans being the primary applicants, a report from the bloc's statistics agency Eurostat showed on Friday. Eurostat reported 70,375 first-time asylum requests from non-EU citizens across the bloc's 27 countries, a decrease of 17% compared to June 2023. Syrians remained the largest share of applicants, accounting for 12% in June, followed by Venezuelans and Afghans, accounting for 9% and 8% respectively.

The European Union is ready to lend Ukraine up to $39 billion as part of a loan package organized by the Group of Seven major industrial nations

Hungary gave one of the most trenchant expressions of values-based foreign policy — and takedowns of a supposed US ally, who shares none of them — that I have heard from a diplomat. It was refreshing, even inspiring, precisely because it was so undiplomatically blunt. But in the context of November’s US election, this thunderbolt from a superpower felt out of step with the time and frankly harmless. In fact, Ambassador David Pressman’s address distilled for me a sense that’s been growing ever since Donald Trump’s victory in 2016, and has crystallized since a second spell in power became as likely as not: No matter what Pressman or a President Kamala Harris might say or stand for, it’s no longer clear what American values are even supposed to be. They can turn on a Hungarian forint. Prime Minister Viktor Orban is counting on that. He has bet big on a Trump victory, becoming one of the very few world leaders to openly campaign for it. And if it doesn’t work out this time, he’s said he’ll just wait for the next turn of the US electoral cycle. And why not? Orban’s been working against the wishes and interests of both the European Union and North Atlantic Treaty Organization for well over a decade despite Hungary’s membership. He’s suffered only some fines and finger-wagging as a result. In Europe, he’s playing an even longer game to change the EU’s interests and values to match his own. He could succeed; it’s possible.

Meta and Spotify blasted the European Union Thursday for its «fragmented and inconsistent» decision-making on data privacy and artificial intelligence (AI). The firms along with several researchers and industry bodies signed an open letter claiming that Europe was already becoming less competitive and risked falling further behind in the age of AI. The signatories called for «harmonised, consistent, quick and clear decisions» from data privacy regulators to «enable European data to be used in AI training for the benefit of Europeans».

European Union chief Ursula von der Leyen is traveling to war-ravaged Ukraine with the promise of 160 million euros in fresh energy funds to get the nation through the winter

HEFEI, China — There's yet another Chinese electric car aiming to undercut Tesla, with a steeper discount.

European Union said Thursday it will outline steps to compel Apple to open up its iPhone and iPad operating systems to competing technologies under the bloc's tough new digital rulebook, which threatens hefty fines for breaches. The EU's executive branch, the European Commission, said it has opened two «specification proceedings» that will spell out what Apple needs to do under the 27-nation bloc's Digital Markets Act. The DMA is designed to prevent Big Tech «gatekeepers» from dominating digital markets, including by breaking up closed tech ecosystems. It requires tech companies to make their systems operate with rivals, allowing consumers to switch more easily between platforms.

Subscribe to enjoy similar stories. The European Union’s executive arm has started a process to provide Apple with guidance on how the iPhone maker can comply with rules to ensure its operating systems are functional with other technologies. The move is a procedural step and it doesn’t mark the beginning of a new investigation, the European Commission said.

Hong Kong's air safety authority has found that a defect in an engine component of a Cathay Pacific Airways Airbus A350 that forced a Zurich-bound flight to return to Hong Kong could have caused “extensive damage” to the aircraft

Subscribe to enjoy similar stories. Stellantis and Volkswagen posted significant drops in August new-car registrations in the European Union, contributing to a sharp overall decline as demand weakened in key markets and electric-vehicle sales fell. Consumers in core markets of Germany, France, Italy and Spain drove an 18% on-year drop in the bloc’s monthly registrations, which reflect sales, the European Automobile Manufacturers’ Association said Thursday.

Apple Inc. is set to be warned by the European Union to open up its highly guarded iPhone operating system to rival technologies, or eventually risk significant fines. EU watchdogs are due to announce under the bloc’s new Digital Markets Act that the Cupertino, California-based firm must step into line with strict new rules on making operating systems fully functional with other technologies, according to people familiar with the matter, who spoke under condition of anonymity. Th European Commission declined to comment. Apple didn’t immediately respond to a request for comment.

Qualcomm lost its bid to get a European Union antitrust penalty thrown out after a top court largely rebuffed the technology company’s arguments in the case involving cellphone chipsets