EUROPEAN COMMISSION
Beijing unveils 'special action plan' to stimulate lagging consumption
The plan comes as levels of consumer demand have suffered various setbacks in recent years, due to factors like COVID-19 disruptions and a long property slump, chilling the propensity of households to spend and adding to deflationary trends.
PM Modi hails Election Commission, says global community should study its working
Prime Minister Narendra Modi lauded India's 'neutral and independent' Election Commission for its management of the world's largest democratic exercise. Modi emphasized the massive scale and complexity of India's electoral process, with 980 million registered voters and more than 1 million polling booths. He highlighted the media's role in strengthening democracy and India's commitment to improving voter participation.
China's Xi declines invitation to EU-China anniversary summit, FT reports
Chinese President Xi Jinping has declined an invitation to visit Brussels for a summit marking 50 years of EU-China diplomatic ties. Instead, Premier Li Qiang will meet European officials. Tensions between Brussels and Beijing have risen following Russia's Ukraine invasion, and the EU's tariffs on Chinese electric vehicles.
Donald Trump escalates trade war with Europe, threatening 200% tariffs on champagne and wine in latest retaliation
Trump threatens 200% tariffs on EU champagne and wine, retaliating against EU whiskey taxes. Trade war escalation risks prices, jobs, and US-EU economic relations.
Capital flight to safe haven? Investors shift billions from U.S. to Europe as Washington’s chaos fuels market anxiety
Investors are shifting billions from the US to Europe due to economic instability under Donald Trump. US stock markets are under pressure due to trade policy unpredictability. Europe is attracting investors with a unified stance on defense budgets and economic strengthening, making it a seemingly stable option. Trump's lack of clear strategy is unsettling investors.
Trump threatens 200% wine tariff if EU does not remove whiskey tariff
President Donald Trump announced that the U.S. would impose a 200% tariff on all wines and alcoholic products from EU countries if the European Union does not remove its 50% tariff on whiskey. Trump criticized the EU for its tariffs, stating that the move would benefit U.S. wine and champagne businesses.
- Go To Page 1
EU to impose counter tariffs on over $28 billion of US goods
Starting April 1, the European Union will impose counter tariffs on 26 billion euros worth of U.S. goods in response to U.S. tariffs on steel and aluminium. This move matches the economic scope of U.S. tariffs. The European Commission plans to introduce these countermeasures in two steps, aiming to have them fully in place by April 13.
Canada, EU swiftly retaliate against Trump's steel and aluminum tariffs
Major trade partners, including Canada and the European Union, imposed reciprocal tariffs on US products in response to President Trump's increased tariffs on aluminum and steel imports. The tariffs target US goods like beef, bourbon, and steel, potentially leading to higher prices and job losses. Discussions for negotiation and resolution remain open.
Global trade tensions escalate as EU and Canada impose retaliatory tariffs on US goods: Here’s what it means
The European Union and Canada have announced billions in retaliatory tariffs on US exports in response to President Donald Trump’s steel and aluminum levies. The trade dispute raises concerns about economic slowdown, rising consumer prices, and global market instability. While some US allies hold back, key trading partners are preparing countermeasures to safeguard their industries.
Trump's 25% tariffs on all steel, aluminum imports go into effect
President Donald Trump has raised tariffs on steel and aluminum imports to 25%, removing exemptions from his 2018 tariff policy. This move aims to boost US factory jobs. The European Union and Canada have announced countermeasures, involving tariffs on various US goods. Trump believes higher tariffs will encourage companies to establish more factories in the US.
Ahead of Market: 10 things that will decide stock market action on Thursday
Indian markets closed lower on Wednesday as IT stocks declined due to U.S. economic concerns. Sensex fell 72.56 points to 74,029.76, while Nifty dropped 27.40 points to 22,470.50. Analysts cite global trade uncertainty and recession fears as key market influences.
Austria's new govt stopping family reunions immediately for migrants
Austria's government has temporarily halted family reunion procedures for migrants, citing limitations in absorption capacity and the need to focus on integrating those already in the country. This measure affects migrants with protected status, preventing them from bringing family members to Austria.
If Europe builds the gigafactories, will an AI industry come?
The plan for the large public access data centres, unveiled by European Commission President Ursula von der Leyen last month, will face challenges ranging from obtaining chips to finding suitable sites and electricity.
EU chief calls for defence 'surge', says 'time of illusions' over
EU Commission President Ursula von der Leyen has called for a significant increase in European defence spending amid concerns over Russia and diminished US support. The Commission's plan aims to mobilise 800 billion euros for defence, with loans for European producers to boost industry capacity. Von der Leyen urges Europe to enhance its defence autonomy to ensure peace and unity.
Can Europe really compete in AI with $20 billion gigafactories?
The European Commission plans to invest $20 billion in building four AI gigafactories to compete with the U.S. and China. These facilities will face challenges such as chip shortages, electric power demands, and uncertainty in achieving fruitful outcomes. The initiative is part of Europe's broader InvestAI strategy.
Booster shot to Indian defence sector from European Commission’s ReArm plan: HAL, BEL among 6 stocks to buy
The European Commission’s ReArm Europe Plan in response to rising security threats is expected to boost Indian defence stocks like Bharat Electronics and HAL. Analysts project long-term growth, with infrastructure and aerospace sectors seen as key beneficiaries. ICICI Securities highlights Solar Industries, PTC Industries, and others as top investment picks.
Booster shot to Indian defence sector from European Commission’s ReArm plan: HAL, BEL among 6 stocks to buy
The European Commission's ReArm Europe Plan aims to address rising security threats, which is expected to boost Indian defence stocks such as Bharat Electronics and HAL. Analysts note a favorable outlook due to strong government and private sector spending on infrastructure and capital goods, expecting a surge in defence orders soon.
Apple, Meta likely to face modest fines over DMA breaches, sources say
Both companies have been in the European Commission's crosshairs since last year for potential breaches of the Digital Markets Act which could cost companies as much as 10% of their global annual sales.
Europe wakes up to critical medicine dependency on China, looks for ways to prevent possible crisis scenarios
A coalition of health ministers in the EU is pushing for reduced dependency on Asia, primarily China, for essential medicines. They urge the European Commission to incorporate the Critical Medicine Act into a broader security strategy, increasing domestic manufacturing and centralizing stockpiles to mitigate risks.
Musk calls on US to quit NATO, stop paying for defence of Europe
Elon Musk expressed support for the U.S. exiting NATO, arguing it doesn't make sense for America to finance Europe's defense. His comments, made on social media, align with a suggestion from conservative commentators. This comes amid growing debates on NATO’s future, with Trump also pushing for NATO members to contribute more to defense costs.
India, EU to hold next round of FTA talks from Monday amid Trump tariff threats
India and the European Union will commence their tenth round of negotiations for a proposed free trade agreement in Brussels. Key issues such as agricultural tariffs, auto import duties, and regulatory barriers will be the focus, with hopes to finalize the deal by the end of the year.
US anger mounts over global reach of EU’s ‘hostile’ ESG rules
Proposed revisions still affect US firms, leading to calls for diplomatic engagement and clarity, as companies navigate regulatory complexities.
EU sticks to 2035 zero-emissions target for new cars
The European Commission reaffirms its goal for all new cars and vans sold in the EU to have zero CO2 emissions by 2035, while maintaining intermediate targets for 2025 and 2030. The European car industry will be granted three years to meet the 2025 emission requirements.
Europe to protect auto sector from 'mortal danger': EU industry chief
The EU is spearheading a major initiative to save its auto industry amid factory closures and trade threats. The plan includes boosting electric vehicle demand and increasing European production. Measures include tax incentives, mandatory company vehicle quotas, and significant investment in charging infrastructure.
EU asked to say how much funding given to Elon Musk's firms
German Green EU lawmaker Daniel Freund sent a letter to the European Commission on Tuesday, requesting "a detailed list of EU funding allocated to companies owned or controlled by Elon Musk" over the past five years. The companies mentioned included SpaceX, Tesla, X, Neuralink, The Boring Company, xAI, and "any other relevant entities linked" to Musk.
EU Commission proposes 800-billion-euro defence plan
The European Commission has proposed a new joint EU borrowing of 150 billion euros to enhance defence capabilities, within an overall 800 billion euros financing plan. This effort aims to build pan-European defence systems and improve interoperability among member states, while allowing for increased defence spending flexibility and utilization of EU budget funds for defence purposes.
EU proposes borrowing 150 billion euros in big rearmament push
The European Commission proposes borrowing up to 150 billion euros to lend to EU governments for a rearmament plan amid fears over Russia and uncertain US protection. European Commission President Ursula von der Leyen emphasizes the urgency, aiming to mobilize up to 800 billion euros for defence. EU leaders will discuss the proposal at a special summit.
EU emissions reprieve for carmakers may slow EV shift
The European Commission proposes to ease emission targets for automakers, granting them three years to meet the 2025 CO2 reduction goal. This move aims to safeguard profit margins and avoid fines amid struggling EV sales and Chinese competition, but may hinder Europe's climate progress and EV adoption.
PM Modi, European Commission chief Von der Leyen hold talks
Prime Minister Narendra Modi and European Commission President Ursula von der Leyen have held talks to reinforce the India-EU strategic partnership. Discussions included the negotiation of an ambitious trade deal, bolstering trade and investment ties, and addressing global challenges such as the Russia-Ukraine conflict.
Load More
