Eu Financial News

The figure is down 0.1% versus the 2.6% recorded in May, the EU agency said. The biggest detractors were food, alcohol and tobacco at 2.5% — down from 2.6% in May – and energy at 0.2% compared with 0.3% the previous month. Dovish Lagarde speech reassures expectations of no consecutive ECB rate cuts Services and non-energy industrial goods inflation, however, remained unchanged in June at 4.1% and 0.7%, respectively. The full inflation data for the euro area will be released on 17 July, Eurostat noted. Richard Flax, chief investment officer at Moneyfarm, stated that despite th...

BEIJING — China hopes to reach an agreement with the European Union soon on the bloc's planned tariffs for imported Chinese electric cars, the Ministry of Commerce said Thursday.

The Cardano Foundation, in collaboration with the Crypto Carbon Ratings Institute (CCRI), has released a set of sustainability indicators designed to comply with the Markets in Crypto-Assets (MiCA) regulation in the European Union.

French President Emmanuel Macron has refused the resignation of the country’s prime minister, asking him to remain temporarily as the head of the government after chaotic election results left the government in limbo

Meta has worked with Vodafone to free up capacity on 11 of its European mobile networks by optimising the delivery of short-form video without noticeably compromising the viewing experience. Demand for video on Instagram, TikTok and YouTube is driving relentless growth in data usage on mobile networks.

Estonia’s ruling center-right Reform Party has chosen Climate Minister Kristen Michal to replace outgoing leader Kaja Kallas as prime minister of the Baltic country

Italy’s central bank, led by Governor Fabio Panetta, has announced plans to publish guidelines on how to apply the upcoming European Union (EU) crypto regulations.

Mint soon after a town hall with engineers at Siemens Ltd, the conglomerate's Indian subsidiary. On Thursday, Siemens shares touched a lifetime high of ₹7950, marking an 112.43% return on investment over the past year. India's economic growth rate of 6-7% significant and speaks for itself; however, if the share of industry in India's GDP grows from the current 17% to 25%, this would add a potential $1 trillion to the economy, he added.

Leaders across Europe have reacted with relief mixed with concern to the result of the French legislative election

Plans are in place to write to the new economic secretary to the Treasury «as soon as they are appointed», according to an AIC release last week (5 July). The trade body has called for the reforms since 2018, when investment trusts were brought under the current scope of regulated cost disclosure. Richard Stone, CEO of the AIC, reiterated the trade body's demands for this to be reversed to the new Labour Treasury. House of Lords condemns FCA's application of cost disclosure regime for investment trusts The issue stems from the UK's application of two pieces of European Union-der...

BRUSSELS: European manufacturers of hydrogen equipment have urged the European Union to step in to help the industry compete with cheaper Chinese producers, in a letter seen by Reuters on Monday. The companies, among them Thyssenkrupp Nucera, Siemens Energy, and Nel Hydrogen, want Brussels to do more to ensure Europe-made equipment powers the EU's plan by 2030 to produce 10 million tonnes of renewable hydrogen using electrolysers, machines that use electricity to split water to produce the green fuel. China is rapidly expanding its production of hydrogen equipment and is now home to 40% of the world's electrolyser manufacturing capacity, up from 10% last year, the letter said, adding that state subsidies were giving Chinese firms an edge.

European Union is imposing sharply higher customs duties on electric vehicles imported from China. EVs are the latest flash point in a broader trade dispute over Chinese government subsidies and Beijing's burgeoning exports of green technology to the 27-nation bloc. The higher duties go into effect on Friday, pending a final decision in four month's time. Here are some basic facts about the EU's planned customs duties: What did the European Union do?

France had held an early parliamentary election that could bring the country’s first far-right government since Nazi occupation during World War II

Fans have begun trading football tokens ahead of the Euros 2024 and the Copa Americana championship, both of which kick off this June.

U.K. Prime Minister Rishi Sunak has dismissed suggestions that his party is heading to defeat in Thursday’s general election

Chinese automaker BYD has inaugurated its first electric vehicle plant in Thailand, part of the company's effort to expand into Southeast Asia while also tackling wealthier markets in the U.S. and Europe

Finnish lawmakers have narrowly approved a controversial bill that will allow border guards to turn away third-country migrants attempting to enter from neighboring Russia and reject their asylum applications

The European Union (EU) is intensifying its efforts to combat money laundering and terrorist financing. The European Banking Authority (EBA) has announced new guidelines for crypto-asset service providers (CASPs) on July 4 that will come into effect on December 30, 2024.

President Vladimir Putin and include some who’ve been sanctioned over the war that’s now in its third year.Vagit Alekperov, key shareholder and former president of oil giant Lukoil PJSC, topped the list with about 186 billion rubles in dividends. He is sanctioned by the UK and Australia, but has so far avoided US and European Union penalties.Billionaires Alexey Mordashov, of Severstal PJSC, and Vladimir Lisin, of Novolipetsk Steel PJSC, were next with 148 billion and 121 billion rubles respectively of dividend income.

LONDON—By Friday, British Prime Minister Rishi Sunak will almost certainly be drummed out of Downing Street and his ruling Conservative Party facing its deepest hole in more than a century. Polls ahead of Thursday’s U.K.

Surveys of Chinese factory managers show a mixed outlook for the world's No. 2 economy, with growth steady but not picking up much steam