Ursula Von News

By Donny Kwok and Brenda Goh

shares of Chinese electric vehicle (EV) makers fell on Thursday after the European Commission launched an investigation into Chinese subsidies for EVs, escalating tensions between Beijing and the EU. European Commission President Ursula von der Leyen announced the investigation in her annual address to lawmakers on Wednesday, saying: "Global markets are now flooded with cheaper electric cars. And their price is kept artificially low by huge state subsidies."Hong Kong shares of market leader BYD fell more than 3%.

The European Union is launching an investigation into subsidies that China provides to electric vehicle makers

BRUSSELS—The European Union is launching an antisubsidy investigation into China’s electric-vehicle makers, opening a new front in the battle for leadership of the global clean-technology industry. The probe, announced Wednesday, reflects growing concern in Europe about the impact of low-price products from China on the bloc’s domestic industries. It could result in tariffs if officials from the European Commission, the bloc’s executive body, conclude that Chinese EV manufacturers are receiving subsidies that are hurting Europe’s auto industry.

Ircon International share price surged 19.3% to touch a 52-week high of ₹159.25 apiece, Rail Vikas Nigam share price jumped 17.6% to hit a 52-week high of ₹191.40 apiece, and Indian Railway Finance Corporation (IRFC)share price rose 10% to touch a 52-week high of ₹84.76 apiece on BSE. According to to Rajesh Bhosale - Equity Technical and Derivative Analyst, Angel One, these railways stocks have seen strong traction in the September month as Ircon International stock is up by 38% , Rail Vikas Nigam is up by 41% and IRFC stock is up by 68%, respectively. The momentum is strongly in favours of bulls but post a strong move in just 10 day, the indicators are in overbought.

G20 Summit will give a global focus to the ancient Red Sea from India to Egypt, which he also mentioned in his new book called “The Golden Road". In a post on X (formerly Twitter), Willian Dalrymple said, “With the announcement today of the opening of an Indian-Middle Eastern Economic Corridor at G20, it looks the ancient trade routes up the Red Sea from India to Egypt that I am writing about in my new book, The Golden Road, and previewed here in @nybooks, will again become a global focus of economic and cultural exchange." In a book review named ‘Garum Masala’ in The New York Post, Dalrymple wrote, “In March 2022 a team of American archaeologists was excavating a temple of the Egyptian goddess Isis at the ancient site of Berenike, on the shores of the Red Sea in modern-day Egypt, when they stumbled across a series of remarkable finds." India-Middle East-Europe economic corridor including shipping and railway links will be launched soon.

G20 Summit update: India-Middle East-Europe' economic corridor including shipping and railway links will be launched soon. The first-of-its-kind economic corridor will be a historic initiative on cooperation on connectivity and infrastructure involving India, UAE, Saudi Arabia, EU, France, Italy, Germany and the US, reported news agency ANI. Biden, Indian Prime Minister Narendra Modi and European Commission President Ursula von der Leyen announced the project during the annual Group of 20 summit of the world's top economies.

President Joe Biden and his allies have outlined plans to create a rail and shipping corridor linking India with the Middle East and ultimately Europe

European Commission on Saturday urgedG20 countries to agree to global targets on tripling renewable energy capacity and doubling energy efficiency by 2030, seen as critical to limiting the global average temperature increase to 1.5 degrees Celsius. Addressing the «One Earth» session at the G20 Leaders' Summit in New Delhi, European Commission President Ursula von der Leyen emphasised the urgency of addressing climate change, saying: «Climate change is man-made. So, it means we can fix it.» She underscored the disproportionate impact of climate change, noting that G20 countries are responsible for a staggering 80 per cent of global greenhouse gas emissions, while Africa, with less than 4 per cent of emissions, is among the most affected. The European Commission president reminded the G20 countries that «we are about to miss our objective of limiting global warming to 1.5 degrees». «So, it is absolutely critical that we maintain our path of 1.5 degrees.

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Narendra Modi on Thursday expressed gratitude to world leaders for their wishes on Chandrayaan-3's successful landing on Moon. The prime minister in reply to UAE President Sheikh Mohamed bin Zayed Al Nahyan's wishes said the milestone is not just India's pride but a beacon of human endeavor and perseverance. «I thank HH Sheikh @MohamedBinZayed for his wishes. This milestone is not just India's pride but a beacon of human endeavor and perseverance.

By Angelo Amante and Keith Weir

Once passed, the law will determine how much environmental, social and governance data about 50,000 companies need to disclose to investors and other stakeholders.

The European Union has signed off on a new agreement over the privacy of people’s personal information that gets pinged across the Atlantic, aiming to ease concerns about electronic spying by American intelligence agencies

The European Union has signed a free trade agreement with New Zealand that the two sides expect will increase bilateral trade by up to 30% within a decade

European Commission announced on Monday a data transfer agreement with the United States after Europe's top court annulled two previous pacts that underpinned how thousands of companies transfer Europeans' personal data across the Atlantic. However, the move was immediately criticised by privacy activist Max Schrems' noyb group, which said it will challenge the agreement. The EU executive said measures taken by the United States ensured an adequate level of protection for Europeans' personal data transferred across the Atlantic for commercial use.

The EU-U.S. Data Privacy Framework has an adequate level of protection for personal data, the EU's executive commission said. That means it's comparable to the 27-nation's own stringent data protection standards, so companies can use it to move information from Europe to the United States without adding extra security.

Belgium's regional Flemish government will together invest 1.5 billion euros ($1.6 billion) in Belgian chip technology firm Imec, the Flemish government said on Friday. Imec will use the investment to expand its «clean room» test facility with the most advanced equipment and processes, the company said in a statement.

A dozen European Union (EU) politicians have signed a letter calling for the “safe” development of artificial intelligence (AI) as Google's CEO cautioned against releasing powerful AI tech before society has had a chance to adapt.

The Euronews Brussels bureau brings you its latest episode of a new talk show that aims to break down European news and politics to make it more accessible to viewers. 

The Group of Seven advanced democracies want to keep the price cap on Russian crude at $60 a barrel, according to people familiar with the matter, thwarting hopes in some European capitals of tightening the Western sanctions this month.