Eu Financial News

India has signed a trade agreement with Iceland, Liechtenstein, Norway and Switzerland on Sunday that includes a commitment of $100 billion investment and creating 1 million direct jobs in India in the next 15 years

Apple has reversed course under regulatory pressure and cleared the way for a nettlesome adversary, video game maker Epic Games, to set up an alternative store for iPhone apps in Europe

India signed a free trade pact on Sunday with a group of European nations — Switzerland, Norway, Iceland and Liechtenstein — committing to reduce tariffs, while New Delhi receives $100 billion in investments over the next 15 years. India and the members of the European Free Trade Association (EFTA) held 21 rounds of talks over 16 years to clinch the broad-based Trade and Investment Agreement. Here are key facts about the trade pact:

Shein is set to face stricter EU online content rules after reporting a huge number of users, joining a group of companies that includes Meta Platforms, Alphabet's Google, Elon Musk's X and TikTok. The new rules, known as the Digital Services Act (DSA), classify companies with more than 45 million users as very large online platforms (VLOPs) and require them to do more to fight illegal and harmful content as well as counterfeit products on their platforms.

₹6,462 per bbl, having swung between ₹6,427 and ₹6,525 per bbl during the session, against a previous close of ₹6,459 per barrel. Also Read: Explained | Why did OPEC+ members extend oil output cuts to mid-2024 -China's imports of crude oil rose in the first two months of the year compared with the same period in 2023, but they were also weaker than the preceding months, data showed on Thursday, continuing a trend of softening purchases by the world's biggest buyer. -On the supply side, OPEC members led by Saudi Arabia and Russia agreed on Sunday to extend voluntary oil output cuts of 2.2 million barrels per day into the second quarter, giving extra support to the market amid concerns over global growth and rising output levels.

By Nidal al-Mughrabi and Michele Kambas

₹2,000 crore. Competition in digital markets is regulated in India at present by the Competition Commission of India (CCI). The CCI has powers under the Competition Act, 2002 (Competition Act) to investigate and impose targeted remedies on digital platforms.

India is set to tie duty reductions associated with the trade agreement with the European Free Trade Association (EFTA) to investments made by companies from member nations, including Switzerland, Norway, Iceland, and Liechtenstein, reported TOI. These nations have collectively pledged to invest $100 billion over a span of 15 years. The FTA is scheduled to be signed on Sunday following its clearance by the Union cabinet on Thursday evening. Negotiations for the agreement commenced in 2008 but were halted after the Modi government assumed office in 2014, as per a TOI report.

By Stephen Nellis and Akash Sriram

Italy's data protection agency said on Friday it had opened an investigation into a service developed by Microsoft-backed OpenAI that can generate videos based on text prompts. The regulator, known as Garante, asked OpenAI to clarify whether the way it informs users and non users about the data it employs for its product, known as Sora, is in line with European Union regulations.

Ukrainian President Volodymyr Zelenskyy is in Istanbul for talks with Turkish President Recep Tayyip Erdogan

Efforts are ramping up to deliver more desperately needed aid to war-ravaged Gaza, with the United States and Europe focusing on opening a sea route in a signal of the West’s growing frustration with Israel’s conduct in the war

The country's data protection watchdog, AEPD, has effectively banned Worldcoin for up to three months in a move that the organisation says is "circumventing EU law".Launched last year, Worldcoin distributes tokens to people "just for being a unique individual".

The world's largest cryptocurrency by market cap is rallying due to big investors' growing appetite. Bitcoin's price rose 10% in two days and was trading at more than $56,000 (€51,606), the highest since November 2021.

NEW DELHI, MUMBAI : The proposed free trade agreement between India and the European Free Trade Association is unlikely to address the issue of carbon tax—a key concern for domestic steelmakers looking to export to Europe. The two trading partners will instead address the issue through a separate pact later, two government officials told Mint. EFTA and India are likely to sign a free trade pact on Sunday, these officials said.

By Mike Dolan

By David Lawder

All the world merely watches and Bitgert will rise to the moon while making people on board millionaires. Yes! BRISE Meteoric rising in this crypto market while investors are mesmerized by the chart of BRISE. Bitgert rose 65% in just a month while investors onboarding the spaceship have predicted that BRISE will touch the moon once again and create history!

European Union regulators want to question Apple over accusations that it blocked video game company Epic Games from setting up its own app store

Apple is opening small cracks in the iPhone’s digital fortress as part of a regulatory clampdown in Europe that’s striving to give consumers more choices