By Julia Payne BRUSSELS, – EU lawmakers have gone part of the way to meeting pharmaceutical industry concerns about the exclusivity period for new medicines after reaching a compromise on the biggest overhaul of EU pharmaceutical rules in 20 years, a parliament proposal showed. A European parliamentary committee is set to vote on its position … Read more
Microsoft Corp.’s attempt at avoiding deeper European Union scrutiny of its Teams video-conferencing app fell flat with the bloc’s antitrust enforcers readying a formal complaint against the firm’s conduct. The European Commission is preparing a statement of objections to send to the company, which could come in the next few months, according to people familiar … Read more
The President of the European Commission, Ursula von der Leyen, left, and Italy’s Premier Giorgia Meloni, right, address the media during a joint press conference following a visit of the island of Lampedusa in Italy, Sunday, Sept. 17, 2023. | Photo Credit: AP European Commission President Ursula von der Leyen on Sunday visited the Italian … Read more
The US chipmaker Intel has filed a claim for EUR 593 million (nearly $624 million or Rs. 4,800 crore) in interest from the European Commission, five months after it convinced Europe’s second-top court to scrap a EUR 1.06 billion (nearly Rs. 8,600 crore) EU antitrust fine, an EU filing showed on Monday. Europe’s top court … Read more
This year’s Raisina Dialogue, India’s premier multilateral foreign policy and geo-economics conference, will focus on six pillars covering a range of contemporary issues from democracy to technology to global health to the Indo-Pacific region. The seventh edition of the conference, hosted by the external affairs ministry in collaboration with the Observer Research Foundation, will be … Read more
Intel has picked Germany as the site for a huge new chipmaking complex, giving the first details of a $88 billion (roughly Rs. 6,70,187 crore) investment drive across Europe, which is striving to cut its reliance on imports and ease a supply crunch for manufacturers. The plan is the latest big investment announcement by a … Read more
French President Emmanuel Macron pledged Friday to boost Europe’s strategic power and sovereignty, as France formally took the reins of the 27-nation bloc for the next six months with big ambitions. A leitmotif of the French presidency over the next six months will be the need for greater autonomy for the region. Macron has been … Read more
It is time for the European Union to “think about mandatory vaccination” against Covid, European Commission chief Ursula von der Leyen said Wednesday, while stressing member state governments would decide. “My personal position is… I think it is understandable and appropriate to lead this discussion now,” she told a media conference, underlining that a third … Read more
The European Commission announced Wednesday a plan to mobilise 300 billion euros ($340 billion) in public and private infrastructure investment around the world, a move seen as a response to China’s Belt and Road strategy. “Global Gateway will aim at mobilising investments of up to 300 billion euros between 2021 and 2027… bringing together resources … Read more
Finance Minister Nirmala Sitharaman on Friday held a meeting with UK Foreign Secretary Liz Truss and discussed various areas in which both countries can cooperate with each other. Both leaders discussed investments in green energy, infrastructure, National Monetization Pipeline, FinTech and IFSCA as key areas for further collaboration between the UK and India. “Finance Minister … Read more