Page 3 - European Commission

China warns EU steel probe will disrupt global supply chains, push up costs

The European Commission recently launched an investigation to decide whether to impose punitive tariffs to protect EU producers against cheaper Chinese electric vehicle imports

EU announces plans to better protect sensitive tech from foreign snooping

The European Union announced plans on Tuesday to better protect its cutting-edge technologies from foreign snooping that might threaten its economy and security in the wake of repeated warnings that the bloc needs to de-risk its relations with China. Technology is currently at the heart of geopolitical competition and the EU wants to be a player, and not a playground, European Commission Vice President Vera Jourova said. To better protect its relatively open market, the European Commission wants the member states to immediately carry out risk assessments of its most sensitive industries, including advanced semiconductor, artificial intelligence, quantum and biotechnologies. Those are considered highly likely to present the most sensitive and immediate risks related to technology security and technology leakage and are up for the highest level of protection. Even though the European Commission refrained from putting the onus on any specific country, the EU itself has repeatedly said

Musk's X is biggest purveyor of disinformation, EU official claims

A top European Union official said on Tuesday that the social network X, formerly known as Twitter, is the biggest source of fake news and urged owner Elon Musk to comply with the bloc's laws aimed at combating disinformation. Ahead of upcoming elections, Google, TikTok, Microsoft and Meta also have more to do to tackle disinformation, much of it coming from Russia, which is using social media to wage a war of ideas" against democracy, European Commission Vice President Vera Jourova said. Moscow's disinformation operation is a multimillion-euro weapon of mass manipulation aimed both internally at the Russians as well as at Europeans and the rest of the world, she said at a press briefing in Brussels. With elections scheduled in Slovakia and Poland in the coming weeks and a bloc-wide vote next year, big online platforms must address the risk of online meddling, she said. The Kremlin and other malicious actors will try to use the design features of the platforms to manipulate, Jourov

Tesla's China exports in crosshairs of EU anti-subsidy probe: Report

The probe that European Commission President Ursula von der Leyen made public on Sept. 13 has the potential to reshape the competitive dynamics within the world's second-largest EV market, after China

Intel hit with $400 million EU antitrust fine in decades-old case

The court, however, agreed with the European Commission that Intel illegally excluded rivals from the market which prompted the EU antitrust watchdog to re-open the case

Biocon Biologics gains EU approval for Aflibercept biosimilar, YESAFILI

According to market research firm IQVIA, Aflibercept generated about $1.8 billion in annual sales in the EU in 2022

EU's carbon tax seeks to doubly punish India: FM Nirmala Sitharaman

The finance minister said the EU has to consider India's concerns, and other countries will not view them kindly

'Flood' of China EVs: EU begins investigation, may slap tariffs

The Commission will have up to 13 months to assess whether to impose tariffs above the standard 10 per cent EU rate for cars in its highest profile case against China

'Flood' of China EVs: EU begins investigation, may slap tariffs

The anti-subsidy investigation covers battery-pow- ered cars from China, so also includes non-Chinese brands made there

India, EU officials to discuss New Delhi's concerns over carbon border levy

India and the EU established a Trade and Technology Council (TTC) last year, the trade bloc is prepared to engage with India on potential challenges the latter could face due to CBAM's implementation

Make global family a reality: PM Narendra Modi's G20 Summit signoff

India transfers presidency to Brazil; virtual review session in Nov

EU to invest 4 bn euros in renewables sector in developing economies

Leyen said science tells us that we are about to miss our objective of limiting global warming to 1.5 degrees

European Commission urges G20 to set ambitious climate targets for 2030

The European Commission on Saturday urged G20 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 here, 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. Only what gets measu

EU clears $3.2 bn in green subsidies for Thyssenkrupp, ArcelorMittal

The move highlights Brussels' efforts to help local industry decarbonise production and remain competitive with global rivals

European Union lays out plan to prevent Big Tech dominance in metaverse

The EU initiative comes as Facebook owner Meta Platforms , Microsoft and Apple work on metaverse products or services

EU secures vaccine deals with Pfizer, and others for future pandemic

Vaccine equity activists said the EU risked a repeat of what the World Health Organization dubbed "vaccine apartheid" during Covid-19.

US chipmaker Broadcom set to win EU nod for $61-billion VMware deal

The European Commission's clearance is tied to Broadcom's interoperability remedies to rivals to address competition concerns, the people said

EC's climate policy chief on two-day diplomatic mission to India from Thu

European Commission's climate policy chief Frans Timmermans will be on a two-day crucial diplomatic mission to India from Thursday to discuss latest developments at the national level on emission reductions and clean energy transition. Environmental protection and the UN climate change conference in Dubai later this year will also be part of the discussion. According to a statement from the Delegation of the European Union to India, the Executive Vice-President for the European Green Deal will hold bilateral meetings with Union Environment Minister Bhupender Yadav; Minister of Power, New and Renewable Energy Raj Kumar Singh, Minister of Coal Prahlad Joshi; and Minister for Petroleum and Natural Gas Hardeep Singh Puri. These meetings aim to foster collaboration and explore potential avenues for cooperation between the European Union (EU) and India in tackling the pressing climate challenges. On Thursday, Timmermans will participate in a high-level round table organised by the Counci

WTO ruling on IT products: Govt seeks to address trade bloc's tariff worry

Issue to be taken up next week's India-EU Trade & Tech Council meet

EU cannot 'blindly follow' Washington, says European Council president

More and more European Union leaders have echoed Macron's comments that Europe should resist pressure to become "America's followers," Michel told the US-based POLITICO news service on Tuesday