Eu Financial News

China's ambassador to the European Union called the EU's probe into Chinese electric vehicle manufacturers over state subsidies «unfair», Fu Cong told Bloomberg News in an interview. Cong told Bloomberg that China is cooperating with the EU's probe «because we do want to avoid a situation that the two sides will have to resort to trade measures against each other».

Houthi militant attacks that followed the commencement of the Israel-Hamas conflict have not been stopped despite numerous rounds of retaliatory strikes by the US and its allies as well as a multinational naval operation to patrol the waters. Here are top 10 updates on Houthis-Red Sea attack 1) The United States has carried out airstrikes in Iraq targeting facilities used by "Iranian-backed militias" in the country following repeated attacks on US forces, Defence Secretary Lloyd Austin said in a statement on Tuesday (local time).

France’s privacy watchdog has fined Amazon’s French warehouse business $35 million for using an “excessively intrusive sytem” to monitor worker performance and activity

BRUSSELS (Reuters) — The European Union faces a risk of consumer prices surging and growth slowing due to disruptions to shipping through the Red Sea, though it has yet to feel an economic impact, a top EU official said on Tuesday.

European Union can avoid getting swept up into China’s response to US chip-equipment curbs, Beijing’s ambassador in The Hague said in an interview with a Dutch newspaper. “If the Americans treat us in a hegemonic manner, we will of course respond,” said Tan Jian, Chinese ambassador to the Netherlands, in an interview with NRC published Sunday. “But our relationship with the EU should not be affected.”

Gaza, at meetings with the top diplomats from the two sides and key Arab states in Brussels. The surprise Hamas attack on October 7 on Israel and the subsequent devastating military response from Israel has plunged the Middle East into fresh turmoil and sparked fears of a broader conflict.

Markets Authority (ESMA) is currently deliberating with India's central bank on resolving disagreements over the treatment of the domestic bond trading platform, with the foreign regulator saying that it has not imposed penal charges on French and German banks for trading here.

Apple has promised to open up its tap-and-go mobile payment system to rivals as a way to resolve an antitrust case and avoid potentially billions in fines

European Union Commissioner for Justice Didier Reynders has praised efforts by Poland's new pro-EU government to restore the rule of law and says they may lead to the release of billions of euros of EU funds for the country that were frozen under the p...

By Foo Yun Chee

Apple is prepared to open the iPhone's ability to tap-to-pay to rivals — in the EU — after coming under fire for keeping users in its own ecosystem, the European Commission and the company said on Friday. The commission, the European Union's market regulator, said it was weighing Apple's proposal, which was made after Brussels determined that the Cupertino company enjoys a dominant position in iOS mobile wallet transactions by shutting out competitors.

Germany has approved Citizenship Law Reforms that are aimed at integration and skilled worker attraction. In a decisive move, German lawmakers voted 382-234 on Friday to approve legislation that relaxes the rules on obtaining citizenship and eliminates restrictions on dual citizenship. The proposal, advocated by center-left Chancellor Olaf Scholz's socially liberal coalition, aims to enhance immigrant integration and facilitate the recruitment of skilled workers. Are you immigration ready? Find out Under the new legislation, individuals can qualify for citizenship after residing in Germany for five years, or three years in the case of «special integration accomplishments,» compared to the current requirements of eight or six years. German-born children will automatically acquire citizenship if one parent has been a legal resident for five years, a reduction from the previous eight years. Moreover, the legislation eliminates restrictions on holding dual citizenship, a significant departure from the existing requirement for most individuals from non-European Union countries to renounce their previous nationality upon gaining German citizenship. The government emphasizes that approximately 14% of the population, more than 12 million out of 84.4 million inhabitants, does not possess German citizenship. Of this population, around 5.3 million have lived in Germany for at least a decade. Germany's naturalization rate is reported to be below the European Union average.

Vienna, Jan 19, 2024 -The Swiss watch that got Hollywood star Arnold Schwarzenegger in trouble with German custom officials has been sold for 270,000 euros ($290,000), the actor's charity said Friday. The action hero-turned-environmental campaigner was held at Munich airport Wednesday for failing to declare the bespoke Audemars Piguet timepiece that was being auctioned for his climate charity. Schwarzenegger called his brush with the law a «wild experience» at the charity dinner Thursday where the watch was auctioned, cracking raunchy jokes about a female official who he said «was going to put me in handcuffs», according to a video posted on entertainment website TMZ. «Usually I pay $500 for that,» said the 76-year-old actor, a former governor of California. Schwarzenegger was held for three hours, according to the German media, before being allowed to take the watch to the dinner. The fundraiser for his Schwarzenegger Climate Initiative was held across the border in his native Austria in the Alpine resort of Kitzbuehel, with US climate envoy John Kerry said to be among the guests. «The world's most famous watch was auctioned off for 270,000 euros,» the charity said Friday. «Arnold Schwarzenegger's customs adventure had a happy ending,» it added. Duty should have been paid on the watch because Schwarzenegger was intending to sell it in the European Union, German customs spokesman Thomas Meister said.

Investing.com — U.S. futures edged higher Friday, with positive sentiment in the tech sector boosting the main indices as the earnings season continues.

(Reuters) — IRobot shares slumped 36% in premarket trading on Friday after a report the European Union antitrust regulator was planning to block Amazon.com (NASDAQ:AMZN)'s $1.4 billion buyout of the Roomba vacuum maker.

UK financial watchdogs, the Financial Conduct Authority and Prudential Regulation Authority, are already subject to questioning by the House of Commons’ Treasury Select Committee.

Jindal Stainless export targets hit as Red Sea crisis escalates That’s spooking the industry. Italian exporters fear kiwi and citrus fruits will spoil on the way, Chinese ginger is getting pricier and some African coffee cargoes were briefly delayed. Grain is being diverted from the Suez Canal and a livestock carrier bound for the Middle East has changed course.

Another tumultuous year has confirmed that the global economy is at a turning point. We face four big challenges: a climate transition, good-jobs problem, an economic-development crisis and the search for a newer, healthier form of globalization. To address each, we must leave behind established modes of thinking and seek creative workable solutions, while recognizing that these efforts will be necessarily uncoordinated and experimental.

Arnold Schwarzenegger was stopped for hours by customs at Munich Airport after entering Germany with a luxury watch that was potentially to be auctioned at a charity event

The U.S. hit a United Arab Emirates shipping firm and its 18 vessels with sanctions after it transported Russian crude oil above the $60 per barrel price cap

Poland's lawmakers have approved the key 2024 state budget but it still needs approval from President Andrzej Duda, who is allied with the right-wing opposition