Eu Financial News

Narendra Modi met United Nations Secretary General Antonio Guterres in Italy on the sidelines of the G7 Summit here on Friday night. In a post on X, PM Modi said, «Pleased to meet the United Nations Secretary General, Antonio Guterres, in Italy.» Earlier, PM Modi met also US President Joe Biden and Canadian PM Justin Trudeau on the sidelines of the G7 Summit.

anti-dumping probe into pork imports from the European Union, the state-backed Global Times reported, escalating tensions after the bloc imposed anti-subsidy duties on Chinese-made electric vehicles (EVs). The move opens a new front in bilateral strains in one of the world's key trading relationships after Brussels slapped tariffs of up to 38.1% on EVs made in China to shield its auto industry from competition. China imported $6 billion of pork in 2023, including offal, with the EU accounting for over half, customs data showed.

India-UK bilateral trade pact such as the one about minimum import price (MIP) for Scotch whisky and those related to finalisation of a bilateral investment treaty will be discussed after the general elections in Britain, a top official said. The issues that need to be ironed out include duties in sectors like electric vehicles, alcoholic beverages and services. General elections in the UK will be held on July 4. «The outstanding issues to seal the deal will be resolved once the general elections in the UK are over,» said L Satya Srinivas, additional secretary, department of commerce.

App Store without paying the respective fees. FT cited its three sources to confirm the news.

Orange juice prices have always been volatile and highly dependent on the weather

Greek Prime Minister Kyriakos Mitsotakis is tweaking his Cabinet with a focus on cost-of-living and labor policies after his center-right party’s victory in last week’s European parliamentary elections

Leaders of the Group of Seven leading industrialized nations are turning their attention to migration on the second day of their summit

Suven Pharmaceuticals share price gained more than 5% in the morning trades on Friday post its announcement regarding acquisition of Hyderabad based CDMO firm Sapala Organics on Thursday post market hours.Suven Pharma share price that opened at ₹695.00, higher than previous close of ₹667.95, gained further more to ₹705 levels in the NSE, marking gains of more than 5%.Suven Pharmaceuticals announcement on the exchanges said that that it has executed definitive agreements on June 13, 2024, for acquiring 100% of equity shares (on a fully diluted basis) in Sapala Organics Private Limited.Also Read- Kotak Institutional raises target price for Adani Ports and SEZ to ₹1,650, says outperformance can continue for longThe Hyderabad based Sapala Organics is contract development and manufacturing organizations (CDMO) that is focused on Oligo drugs and nucleic acid building blocks including Phosphoramidites & Nucleosides, drug delivery compounds (including GalNAc), Pseudouridine, amongst others.Suven Pharmaceuticals in its presentation highlighted that Sapala Organics sales stood at ₹67 Crore with more than 45% Ebitda margins in FY24. Ebitda stands for Earnings before, Interest, Tax, Depreciation and amortisation.Sapala Organics has a customer-base across the US, European Union and Japan; partnering on their New Chemical Entity (NCE) programs across project lifecycle.

Cloud computing giant Amazon Web Services on Thursday announced a $230 million commitment aimed at accelerating the development of generative artificial intelligence applications by startups worldwide. The initiative will provide early stage companies with AWS cloud computing credits, mentorship, and education to further their utilization of AI and machine learning technologies, the company said.

The leaders of the Group of Seven wealthy democracies have agreed to set in motion a $50 billion loan to help Ukraine

Now that Europe has announced tariffs on China-made electric cars, the continent is bracing to see if the other shoe drops

The European Commission is asking three of the world’s biggest pornography sites to provide details of the measures they have taken to better protect minors from accessing their content and prevent gender-based violence

Treasury Secretary Janet Yellen says Chinese “overconcentrated supply chains” pose a threat to U.S. jobs and recent investments meant to build up the U.S. green energy sector

The heads of the Group of 7 nations — Britain, Canada, France, Germany, Italy, Japan and the United States — started their annual summit Thursday at a luxury hotel in Puglia on the southern Italian coast, overlooking the Adriatic Sea. The wars in Ukraine and the Gaza Strip and the threats posed by China's economic rise are high on the agenda.

Investing.com-- Citibank analysts opened a 30-day upside catalyst watch on BYD Co's (SZ:002594) Hong Kong shares (HK:1211) on Wednesday, stating that lower-than-feared EU import tariffs and strong domestic demand presented tailwinds for the company.

The European Union is moving to hike tariffs on electric vehicles made in China

China’s exports are still going strong. That has created tension with the West and led to a new wave of tariffs on its eclectic vehicles. But it is also reshaping global trade.

PayPal payments are live to users of the digital assets payment platform MoonPay across the European Union and the United Kingdom.

The European Union has threatened to hike tariffs on Chinese electric vehicles, escalating a trade dispute over Beijing’s subsidies for the exports that Brussels worries is hurting domestic automakers

European Parliament elections have made many Europeans ask what the European Union (EU) has done for them since the last election in 2019. The fact that 27 countries choose to pool their sovereignty and build an economic, social and political partnership based on the shared values of peace, justice, respect and solidarity is unique in global history. It is a triumph that we should not take for granted, especially when so many people globally still yearn for the freedom to choose their government from a diverse array of candidates and parties.

China warned Wednesday that expected additional EU tariffs on imports of Chinese electric vehicles would «harm Europe's own interests» and condemned the bloc's «protectionism.»