Eu Financial News

Argentina’s outgoing government says it will not support the signing of a long-delayed trade deal between the European Union and the South American bloc Mercosur during a summit this week in Brazil even though the incoming Argentine government has expr...

By Giuseppe Fonte

Canada remains a chronic underachiever. Our economy contracted by 1.06 per cent quarter-over-quarter in the third quarter, while the United States economy grew by 5.2 per cent. The European Union and Australia also saw modest economic growth.

NEW DELHI : Apple has told India its local production targets will be hit if New Delhi follows the European Union and requires existing iPhones to have universal charging ports, a government document shows as the US tech giant lobbies for an exemption or delay. India wants to implement a European Union rule that will require smartphones to have a universal USB-C charging port, and has been in talks with manufacturers about introducing the requirement in India by June 2025, six months after the deadline in the EU.

Robinhood has reported a substantial 75% increase in cryptocurrency trading volume for November compared to October, highlighted in a recent filing with the U.S. Securities and Exchange Commission (SEC).

Facebook and Instagram parent company Meta is being sued by 83 Spanish media outlets over allegations that the social media giant breached EU data protection rules between 2018 and 2023, leading to unfair competition in the advertising market. The newspapers, led by media organisation AMI, claim that Meta's "massive" and "systematic" collection of users' personal data has given the company an 'illegitimately gained competitive advantage' in the design and delivery of personalised ads.

Alliance, of which the bank is a part. Earlier in 2023, the bank had stated its interest in supporting India’s National Green Hydrogen Mission with a facility of up to €1 billion. The EIB is the lending arm of the European Union (EU), with around €5 billion in investments in India since 1993.

Kabuki theatre, performative set-pieces lead from one to the other — politicians and celebrities arrive by private jets, speakers predict imminent doom, hectoring NGOs cast blame, political negotiations go overtime and, finally, the signing of a new agreement that most participants hope, and pretend, will make a difference. Despite 27 conferences since the 1990s, with ominous speeches and bold promises, global emissions have increased, punctuated only once, by Covid-19. This year is likely to see higher emissions than ever before. Almost every rich country preaches far more than it delivers.

By Stefano Rebaudo

Hailed as a world first, European Union artificial intelligence rules are facing a make-or-break moment

Billionaire vacuum cleaner tycoon James Dyson has lost a libel lawsuit against the Daily Mirror

Electric vehicle drivers hoping to top up their batteries at one of Repsol's 1,600 Spanish charging stations might well be disappointed, with nearly half lying dormant because they have no power connection. Such gaps are evident across the European Union, where last week the European Commission announced plans to upgrade the bloc's power grids. These are due to be implemented in 18 months and include addressing EV charging station power shortages. But despite the declarations of its leaders, red tape preventing progress towards greener transport in the EU is on the rise, industry groups and energy companies told Reuters, with permitting one of the major roadblocks. The ease of building an EV charging hub varies considerably country by country. One industry source said that in Germany a hub was held up for months over rules protecting a single tree, while another located on a busy highway had to wait 10 months for a noise evaluation before it gained approval.

Fox News, Israeli ambassador Gilad Erdan called Soros's donations to organisations that seek the destruction of Israel 'shameful'. Elon Musk slams George Soros for eroding ‘societal cohesion’ The Israeli ambassador alleged that Soros has transferred billions of dollars to organisations supporting BDS that have wanted to isolate Israel for years. "They have never been about real peace or any solution to the Israeli-Palestinian conflict," the Israeli ambassador said.

artificial intelligence (AI) in check, six sources told Reuters. As negotiators meet on Friday for crucial discussions ahead of final talks scheduled for December 6, 'foundation models', or generative AI, have become the main hurdle in talks over the European Union's proposed AI Act, said the sources, who declined to be identified because the discussions are confidential.

TOKYO (Reuters) — Toyota Motor (NYSE:TM) said on Monday it would increase its line-up of battery electric vehicles in Europe to six models by 2026 and it expected such vehicles to make up more than 20% of new car sales in the region by then.

By Kate Abnett and Valerie Volcovici

By Valerie Volcovici

COP28: How much does loss and damage from climate change cost? COP28 presidency mobilizes $2.5 bn to support food-climate agenda PM Modi proposes India as host of COP33 at climate change summit in Dubai COP28, the annual United Nations (UN) climate meeting, is being held in Dubai this year. Hundreds of world leaders have gathered together at the big UN climate summit to discuss tackling climate change.

By Kate Abnett

By Timothy Gardner

Quiver Quantitative — Google (NASDAQ:GOOGL) (GOOG) has recently urged the UK's Competition and Markets Authority (CMA) to investigate Microsoft (NASDAQ:MSFT)'s cloud computing practices, alleging anti-competitive behavior that stifles the market. This request emerges amid broader scrutiny of the cloud computing industry dominated by Microsoft (MSFT) and Amazon (NASDAQ:AMZN) in various global regions, including the UK, European Union, and the United States. Google's push for regulatory intervention was detailed in a letter to the CMA, which Reuters obtained.