The United States is no longer a top three export market for British manufacturers in the wake of President Donald Trump‘s tariffs, an industry-wide survey revealed Monday. For the first time since 1988, when manufacturers’ organisation Make UK began such a poll, the United States is not “the second most favoured destination for export growth… … Read more
European politicians and advocacy groups are adamant that the region’s legislation is not hardline enough to dismantle the monopolies of Big Tech companies. In the last week, two open letters have been penned to regulators criticising how Apple and Google remain unchecked. On Jan. 16, four digital rights groups responded to the measures proposed by … Read more
The European Union has announced that it is teaming up with 71 investors that will co-invest in innovative tech projects in the region. Together, the venture capital funds, public investment banks, foundations, and corporate venture funds represent over €90 billion of assets. The so-called “Trusted Investors Network” was launched on Monday to help finance “high-risk … Read more
New Delhi: Finance Minister Nirmala Sitharaman on Wednesday said the Carbon Border Adjustment Mechanism or CBAM is unilateral and arbitrary and will hurt India’s exports after its implementation by the European Union. CBAM are tariffs that will apply on energy-intensive goods imported into the European Union (EU). The EU has decided to impose carbon tax … Read more
New Delhi: The European Union‘s Carbon Border Adjustment Mechanism (CBAM) will impose additional 25 per cent tax on energy-intensive goods exported from India to the EU, a new report said on Wednesday. This tax burden would represent 0.05 per cent of India’s GDP, according to the report titled “The Global South’s response to a changing … Read more
Mumbai: BlackRock is positioning its recently launched Indian government bond exchange-traded fund (ETF) as a “one-stop shop” for foreigners to deploy money in relatively high-yielding local sovereign debt, without navigating multiple layers they would otherwise confront to trade here, said an executive. “On the bond side… the meat of the discussion is still about just … Read more
Finance Minister Nirmala Sitharaman on Thursday voiced concerns against the “one-sided” move by advanced jurisdictions like the EU to impose tariffs on high-carbon goods coming from other sources, saying it goes against the interests of the Global South and that the green agenda shouldn’t be pursued by some at the expense of others. Speaking at … Read more
The European Union‘s executive arm will meet later Tuesday to finalize a decision on whether to recommend formally opening Ukraine‘s membership talks, with expectations of a positive outcome for Kyiv but with conditions attached. The European Commission will likely recommend that member states open formal negotiations upon the completion of reforms and legislation on minorities, … Read more
An ambitious 2021 agreement by more than 140 countries and territories to weed out tax havens and force multinational corporations to pay a minimum tax has been weakened by loopholes and will raise only a fraction of the revenue that was envisioned, a tax watchdog backed by the European Union (EU) has warned. The landmark … Read more
The European Union (EU) has issued a warning to world’s richest man Elon Musk regarding allegations of spreading disinformation related to the Hamas attack on Israel. As per reports, the EU claims that Musk’s social media platform, previously known as Twitter and now referred to as “X”, has been involved in disseminating fake news and … Read more