​One-sided carbon tax measures by advanced nations go against Global South: FM Nirmala Sitharaman

​One-sided carbon tax measures by advanced nations go against Global South: FM Nirmala Sitharaman

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

Ukraine makes the EU cut, but with conditions

Ukraine makes the EU cut, but with conditions

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

Deal to force multinational companies to pay 15% minimum tax is marred by loopholes: EU Tax Observatory

Deal to force multinational companies to pay 15% minimum tax is marred by loopholes: EU Tax Observatory

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

EU warns Elon Musk over Hamas attack posts on X, threatens potential ban

EU warns Elon Musk over Hamas attack posts on X, threatens potential ban

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

India weighs options against EU law on retaliatory tariffs

India weighs options against EU law on retaliatory tariffs

New Delhi: India is exploring ways to counter the EU‘s domestic law that allows it to impose retaliatory tariffs in response to an appeal into the non-functioning dispute settlement mechanism of the World Trade Organization (WTO). Officials said the EU law violates global trade norms and can become another dispute at the organisation. While the … Read more

EU chief urges caution in tech trade with China

EU chief urges caution in tech trade with China

BRUSSELS: The European Union must be prepared to develop measures to protect trade and investment that China might exploit for its own security and military purposes, European Commission President Ursula von der Leyen warned on Thursday. Speaking before a trip to China planned for next week, von der Leyen said that it’s important to stop … Read more

Ukraine President Volodymr Zelensky addresses EU Parliament as he seeks more weapons

Ukraine President Volodymr Zelensky addresses EU Parliament as he seeks more weapons

Ukrainian President Volodymr Zelensky on February 9, 2023 addressed the European Parliament as he seeks more military aid, saying Ukraine and the European Union are fighting together against Russia — in his words “the most anti-European force” in the world. Mr. Zelensky received standing ovations before, during and after his speech to European lawmakers. He … Read more

EU Proposes Draft Rules to Assess Cybersecurity Risks on Smart Devices

EU Proposes Draft Rules to Assess Cybersecurity Risks on Smart Devices

The European Union (EU) has announced a set of draft rules to make it mandatory for all smart devices connected to internet to assess their cybersecurity risks. The step has been taken amid growing concerns about cyberattacks. Under the newly proposed law, known as the Cyber Resilience Act, the European Commission can also levy fine … Read more

EU Regulators Won’t Appeal Court Ruling Against $1 Billion Qualcomm Fine

EU Regulators Won’t Appeal Court Ruling Against $1 Billion Qualcomm Fine

Qualcomm’s win against antitrust regulators in Europe was confirmed on Friday, after the latter reportedly stated that they would not appeal a court ruling in favour of the chip designer. EU regulators had accused Qualcomm in 2018 of paying billions of dollars to Apple from 2011 to 2016, to block out rivals like Intel. A … Read more