Eu Financial News

The European Union (EU) parliament has called on member-states to take the lead in the creation of digital worlds in terms of strategy and technology implementation.

Spanish residents holding any crypto assets on non-Spanish platforms will have to declare them by March 31, 2024, under new laws governing the taxation of virtual assets. 

Cipla was trading marginally higher in the early morning session on Tuesday. The Cipla stock, which opened at ₹1,199 apiece on November 28, rose 0.27% during intraday to ₹1,2020 per share. The stock surged after its European subsidiary Cipla EU successfully completed the acquisition of an additional share in Cipla Maroc SA, a joint venture based in Morocco.

Investing.com — The U.S. dollar edged higher in early European trade Tuesday, but remained near a three-month low as traders awaited key inflation data amid growing conviction that the Federal Reserve has completed its rate-hiking cycle.

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The secretary-general of Amnesty International, Anges Callamard, released a statement on Nov. 27 in response to three European Union member states pushing back on regulating artificial intelligence (AI) models. 

The European Union’s border protection agency Frontex has joined the search for 12 crew members missing after a cargo ship sank in rough weather near the Greek island of Lesbos

European regulators say Amazon’s proposed acquisition of robot vacuum maker iRobot may harm competition

AFP looks at 10 standout numbers: The number of people around the world displaced by conflict or humanitarian crises was already at a record high before the Israel-Gaza war began on October 7, adding to the misery. By the end of September, 114 million people had been driven from their homes by wars in Ukraine, Sudan, Myanmar and the Democratic Republic of Congo and a humanitarian crisis in Taliban-run Afghanistan, among other factors, according to UN refugee agency the UNHCR. They have since been joined by at least 1.7 million Gazans. One heat record after another tumbled in 2023, which is on course to be the hottest year on record, according to the European Union's climate monitor Copernicus. The northern hemisphere had its hottest summer ever and temperature records were also smashed in the southern winter, with the Argentinian capital Buenos Aires experiencing its warmest August 1 on record at 30 degrees Celsius. Defending champions South Africa won a nail-biting final 12-11 against New Zealand in the Rugby World Cup, to claim a record fourth title and seal the growing role of rugby — once the sport of the white minority under apartheid — as a unifying force in multiracial South Africa. «People who are not from South Africa don't understand what it means for our country. It is not just about the game.

By Foo Yun Chee

industrial powerhouse, home to over a quarter of the world’s manufacturing—more than America and Germany combined. But its progress has come at a cost in terms of emissions. Over the past three decades China has pumped more carbon dioxide into the atmosphere, in total, than any other country (see chart 1).

Here are the key issues in the two-week COP28 negotiations starting Nov. 30 in Dubai. TAKING STOCK OF CLIMATE PROGRESS The main task at COP28 is a first-time assessment of countries' progress towards meeting the 2015 Paris Agreement's goal of limiting the global temperature rise to «well below» 2 degrees Celsius, while aiming for 1.5C. With global efforts lagging, countries will try during this «global stocktake» to agree on a plan to get the world on track to meet climate goals, which could include urgent steps towards cutting CO2 emissions or boosting green technology investments. As the COP28 talks begin, countries are at odds over whether this exercise should put the onus on all countries or just the world's wealthiest countries to do more because they released the most planet-warming emissions historically. Countries are expected to update their national emissions-cutting targets and plans by 2025. FUTURE OF FOSSIL FUELS The toughest talks at COP28 may focus on the future role of fossil fuels, and whether countries should commit to start phasing out the use of CO2-emitting coal, oil and gas. Countries agreed at COP26 to phase down the use of coal, but they have never agreed to quit all fossil fuels — the main source of planet-warming emissions. The United States, European Union and many climate-vulnerable countries are insisting on a final COP28 deal that commits countries to phase out fossil fuels.

EU antitrust authorities raised concerns about Amazon's (NASDAQ:AMZN) acquisition of iRobot (NASDAQ:IRBT), suggesting it could limit competition in the robot vacuum cleaner market, as reported by Reuters today. Following the news iRobot shares plunged more than 17% today.

Russian crude. The region’s imports of diesel from India, one of the biggest buyers of Russian crude, are on course to soar to 305,000 barrels a day, the most since at least January 2017, data from market-intelligence firm Kpler show. While it’s not possible to say with certainty that the molecules originated in Russia — India also processes oil from elsewhere — Moscow’s deliveries have given Indian refineries the ability to produce abundant diesel and boost exports.

While it’s not possible to say with certainty that the molecules originated in Russia — India also processes oil from elsewhere — Moscow’s deliveries have given Indian refineries an ability to produce abundant diesel and boost exports. Arrivals into Europe in November include a rare shipment from Mumbai-based Nayara Energy Ltd., which imported almost 60% of its crude from Russia this year, according to Kpler. Reliance Industries Ltd., Europe’s top supplier of Indian diesel, draws more than third of its crude from Russia, the figures show. The surge in diesel imports from India also illustrates a fundamental shift in oil trading in the wake of the Kremlin’s war in Ukraine. A year ago, Russia was Europe’s top supplier of diesel, a fuel vital to the industrial and transport sectors. The European Union banned most seaborne imports of Russian crude in December and oil products in February.

By Luiza Ilie

FRANKFURT (Reuters) -Euro zone inflation pressures are easing as expected but wage growth is still strong and the outlook is especially uncertain, so the European Central Bank's fight to contain price growth is not yet done, ECB President Christine Lagarde said on Monday.

The cryptocurrency mining company Hive Digital Technologies revealed plans to expand its global presence through a new acquisition of property and a data center in Boden, Sweden.

The United States, United Kingdom, Australia, and 15 other countries have released global guidelines to help protect AI models from being tampered with, urging companies to make their models “secure by design.”

Every month, Mint’s Plain Facts section brings out an update on key global economic data to thread together the biggest developments in the world that are worth paying attention to. The accompanying analysis and charts attempt to explain how each story is creating ripples on the global stage, where it is headed in the coming weeks, and whether it can impact India. This time, we explain incoming central bank decisions in various countries, and the deflation in China that’s raising questions about its growth prospects.

Scores of hostages have been freed, and the pause in the fighting has also allowed humanitarian relief to reach thousands. This may not be the end of the conflict, which has claimed over 11,000 lives since Hamas’ 7 October terror attack. But how exactly did we get here? The truce was brokered by the United States, Qatar, and Egypt.