Eu Financial News

NEW DELHI : Halloumi, the globally renowned, distinctive variety of cheese produced in Cyprus, had the country’s government saying there’s no moving their cheese. Cyprus successfully restrained an Indian entity from getting Halloumi registered as a trademark in India. The government of Cyprus objected to Ahmedabad-based Flavi Dairy Solutions’ application to register a figurative trademark containing the expression ‘Halloumi’.

 By Ashutosh Munshi

world's largest iceberg, A23a, is on the move for the first time in 37 years, according to recent satellite images from the British Antarctic Survey. The iceberg, which is almost 4,000 square kilometers (or 1,500 square miles) in area, is roughly three times the size of New York City.

French Foreign Minister Catherine Colonna says China’s cooperation is vital on an issue that has divided it and much of Europe: ending the war in Ukraine

semiconductors that covers cooperation in areas such as research and innovation, talent development, partnerships and exchange of market information, the external affairs ministry said. The MoU was signed ahead of the India-EU Trade and Technology Council that was held virtually on Friday.

semiconductors to build robust supply chains. The MoU — signed by Ashwini Vaishnaw, Minister of Electronics and IT, and Thierry Breton, European Commissioner for Internal Market — covers cooperation in areas like research and innovation, talent development, partnerships and exchange of information. This symbolises the strong commitment to work towards building robust semiconductor supply chains and work together on innovation, said the MEA.

By Giuseppe Fonte and Sudip Kar-Gupta

The European Union’s banking regulator, the European Banking Authority (EBA), wants to update existing Anti-Money Laundering and Combatting the Financing of Terrorism (AML/CFT) rules for crypto providers. 

The Data Act — a contentious piece of European Union legislation that includes a clause requiring the ability to terminate smart contracts — has been approved by the European Parliament. If introduced, the legislation will require a smart contract to have a “kill switch.”

The European Banking Authority (EBA) aims to update the Anti-Money Laundering and Combatting the Financing of Terrorism (AML/CFT) rules for crypto providers. 

The paper came following the CMA’s decision to block the takeover of Activision by Microsoft, which received criticism and was eventually reversed.

Climate negotiators at COP28 may bolster carbon trading when they decide on rules for a new United Nations-overseen emissions market that can lower the cost of fighting global warming.

A group of businesses and tech companies have issued a joint letter to European Union regulators warning against over-policing powerful artificial intelligence (AI) systems at the sacrifice of innovation. 

European Union’s $100-billion scientific research program, called Horizon Europe.Trudeau offered little detail about Canada’s participation in the pact this evening as he welcomed the top two heads of the EU to Newfoundland and Labrador’s capital city of St. John’s for the 19th EU-Canada Summit.Trudeau also said during his opening speech that Canada has worked out a deal to build water bombers and ship them to the EU, after both regions faced devastating forest fires this past summer.European Council President Charles Michel says the two-day summit comes at a difficult geopolitical time, as war continues in Ukraine and Israel and Hamas fight in the Gaza Strip.He says the unrest underscores a need for Canada and the EU, two long-standing allies, to work together on issues from peace and security to fighting climate change.Trudeau is expected to hold formal meetings on Friday with Michel and European Commission President Ursula von der Leyen.Ottawa and Brussels started negotiations a year ago on Canada joining the Horizon Europe scheme, with the initial goal of signing an agreement this past spring that would be in place this calendar year.The program has seen countries such as New Zealand and Israel sign up for research projects partially funded by the EU, involving themes like the digital industry, health care and climate innovation.Entrepreneurs from the St.

Netherlands-based cryptocurrency exchange Bitvavo is set to expand its services to French users after successfully registering as a digital asset service provider with France’s Autorité des Marchés Financiers (AMF).

Reducing import duties on inputs and capital goods could help the government cut down the need for many of the existing export schemes, think tank GTRI said on Friday. This would be an important step as India continues to face challenges in managing these incentives within the framework of international trade laws, it said. The Global Trade Research Initiative (GTRI) said that many countries, including major trade partners of India like the European Union (EU) and the US continue to declare Indian schemes as subsidies and “punish” exporters by charging countervailing duties. America and the EU account for over 20 per cent of the country’s total outbound shipments.

Austria’s Raiffeisen Bank is set to launch crypto trading services in 2024, joining a slew of European banks breaking into the digital asset custody business. 

By Foo Yun Chee

By Jonathan Cable

By Marc Jones

Computer chip and software maker Broadcom says it has cleared all regulatory hurdles and plans to complete its $69 billion acquisition of cloud technology company VMware on Wednesday