Eu Financial News

PARIS (Reuters) -World wine production is expected to fall to its lowest level in 60 years in 2023 due to poor harvests in the Southern Hemisphere and in some major European producers, the International Organisation of Vine and Wine (OIV) said on Tuesday.

The big ones to watch out for will be United Spirits, Lupin, Oil India, Mazagon Dock Shipbuilders, Bharat Heavy Electricals, Pidilite Industries, Tata Power Co, and Patanjali Foods. The other names include Phoenix Mills, Nazara Technologies, Endurance Technologies, New India Assurance, Godrej Industries, Bata India, MCX, Raymond, Welspun Corp, Easy Trip Planners, Medplus Health, Restaurants Brands Asia, and Landmark Cars. Earnings Expectations BHEL The company is expected to have remained in the red during the September quarter, but the losses are likely to narrow sequentially. On a year-on-year basis, estimates show that the electrical equipment maker will post a loss against a profit in the same period last year. Nuvama Institutional Equities has estimated a net loss of Rs 258 crore, compared to a loss of Rs 352 crore in the June quarter, and a profit of Rs 10 crore in the same period last year.

Piyush Goyal. Speaking at the ISA Steel Conclave, he said, “Let us not be scared of it and find solutions to our advantage going forward.

Blockpit, an Austria-based crypto tax service provider, has acquired its rival platform Accointing from the crypto data company Glassnode. This acquisition positions Blockpit to align with the upcoming EU tax regulations, known as the Eighth Directive on Administrative Cooperation (DAC8).

steel capacity has crossed 161 million tonnes and the industry is poised for continued growth, Steel Secretary Nagendra Nath Sinha said on Tuesday. As per the National Steel Policy, India has an ambitious target of installing 300 MT steel capacity by 2030. «We have already crossed 161 million mt of capacity, comprising 67 MT by blast furnace-basic oxygen furnace (BF-BoF) route, 36 MT by electric arc furnace (EAF) and 58 MT by induction furnace (IF) route,» Sinha said addressing the '4rth Indian Steel Association (ISA) Steel Conclave' event in the national capital.

Moldovans cast ballots in nationwide local elections amid claims by Moldovan authorities that Russia has been conducting “hybrid warfare” to undermine the vote in the European Union candidate country

Estonia's government says it will allow Taiwan to open a nondiplomatic representative office of Taipei in the Baltic country to boost economic and cultural ties with the self-governing island

Russian attacks in Ukraine have wounded at least 14 civilians as the president of the European Union's executive returned to the Ukrainian capital to meet with President Volodymyr Zelenskyy

Regulating artificial intelligence (AI) has joined outer space as the latest battleground for dominance among the world’s advanced nations. Eagerness to dominate is no guarantee of clarity, though. The larger picture on what is to be done, and how, remains unclear even after the recent British summit on AI – which saw participation from all major AI powers, including the US and China – the Biden administration’s executive order on AI safety, and the European Union Artificial Intelligence Act.

Mahmud Abbas said Sunday that the Palestinian Authority could return to power in the Gaza Strip only if a «comprehensive solution» is found for the Israel-Palestinian conflict. Israel has sought to destroy Gaza's Hamas rulers since the deadly October 7 attacks, raising the question of who would run the Palestinian territory after the war. «We (the Palestinian Authority) will fully assume our responsibilities within the framework of a comprehensive political solution that includes all of the West Bank, including east Jerusalem and the Gaza Strip,» Abbas told visiting US Secretary of State Antony Blinken, the official Palestinian news agency Wafa reported. At a congressional hearing late last month, Blinken said that «what would make the most sense would be for an effective and revitalised Palestinian Authority to have governance and ultimately security responsibility for Gaza.» There cannot be a «reversion of the status quo with Hamas running Gaza», Blinken said.

Russia airport witnesses anti-Israel unrest, Kremlin blames Ukraine | 10 points Tension has risen among the US and European officials that the war has reached a stalemate, and Ukraine is running out of forces. On the other hand, Russia has a seemingly endless supply, officials said. However, according to an Al Jazeera report, Zelenskyy has denied that the ongoing Russia-Ukraine war has reached a "stalemate".

Management at Russia’s Renaissance Capital in London are exploring the possibility of a buyout by new shareholders.

KYIV: President Volodymyr Zelensky denied on Saturday that Ukraine's war with Russia had reached a «stalemate», pushing back at suggestions Western leaders were lobbying for peace talks. The sprawling frontline between the two warring sides has barely moved in almost a year, with one senior Ukrainian official warning this week that the conflict was deadlocked. «Time has passed, people are tired… But this is not a stalemate,» Zelensky told a news conference in Kyiv with EU Commission chief Ursula von der Leyen. The Ukrainian leader also rejected the idea Western countries were putting pressure on Kyiv to enter talks with Russia, amid reports US and EU officials had discussed what such negotiations would entail. «No one among our partners is pressuring us to sit down with Russia, talk to it, and give it something,» he said. With the war now in its 20th month and Ukraine struggling to gain ground in its counteroffensive, Zelensky has regularly met Western leaders to try to stave off fatigue with the conflict. Zelensky said the war between Israel and Hamas had also drawn attention away from Ukraine, and said that this was «Russia's goal». «Of course, it's clear that the war in the Middle East, this conflict, is taking away the focus,» Zelensky said. «We have already been in very difficult situations when there was almost no focus on Ukraine,» he said, but added: «I am absolutely sure we will overcome this challenge.» Ukraine's backers, including the United States, have maintained they are ready to support Kyiv with military and financial support for as long as it takes to defeat Russia. Zelensky's comments came as EU Commission chief von der Leyen visited Kyiv to discuss Ukraine's progress toward joining the

Ursula von der Leyen arrived in Kyiv on Saturday ahead of a report the European Union is expected to present next week about Ukraine's progress in its membership bid. «Good to be back in Kyiv for my sixth wartime visit,» von der Leyen wrote on social media platform X, posting a picture of her with Ukrainian President Volodymyr Zelenskiy at a railway station. «I'm here to discuss Ukraine’s accession path to the EU. The EU’s financial support to rebuild Ukraine as a modern, prosperous democracy.

US Federal Reserve could be done hiking interest rates in the biggest oil consuming economy. Brent crude futures were down $1.92, or 2.3 per cent, to $84.89 a barrel. US West Texas Intermediate crude futures fell $1.95, or 2.4 per cent, to $80.51 a barrel.

Gordan Grlic Radman found himself in the midst of controversy after an uncomfortable attempt to kiss his German counterpart, Annalena Baerbock, during a group photograph session in Berlin. The incident occurred during a European Union conference, prompting discussions and debates both on social media and in wider circles.

By Olena Harmash

Jaishankar has met Italian President Sergio Mattarella and other senior leaders here and discussed ways to further develop the bilateral strategic partnership in areas like defence, cyber security and counter-terrorism. Jaishankar, who was in Rome at the invitation of his Italian counterpart Antonio Tajani, concluded his four-day visit to Portugal and Italy on Friday.

Amazon and Meta settled separate U.K. antitrust investigations by agreeing to stop practices that give them an unfair advantage over merchants and customers using their platforms

External affairs minister S Jaishankar has said that what happened on October 7 is «a big act of terrorism and we all need to stand up against it but at the same time also stressed the need for a solution to the Palestine issue». Addressing a joint secretary session of the Senate's External Affairs and Defence Commission in Rome on Thursday, Jaishankar said, «What happened on October 7 is a big act of terrorism and the subsequent happenings after that, have taken the entire region to a different direction… Within this, we have to find a balance between different issues… We all find terrorism unacceptable and we have to stand up against terrorism but there is also an issue of Palestine.

Meta has introduced a new "Facebook Stories API" (Application Programming Interface), which will allow developers, creators, and brands to create and share a Facebook Story directly from a third-party desktop or web app. «Starting this week, we are releasing the Facebook Stories API that allows developers, creators, and brands to use the desktop or web-based application of their choice to create and publish their Stories to publicly available Facebook Pages,» Meta said in a blogpost.