Page 4 - European Commission

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

Euro, dollar steady as bank fears subside, investors focus on inflation

The dollar had been under pressure from the possibility that the Federal Reserve may have to relent in its fight against inflation and pause rate hikes

European Commission proposes rules to protect consumers from greenwashing

The European Union's executive arm proposed rules on Wednesday to protect consumers from businesses selling goods labelled as green which actually aren't. The European Commission said greenwashing was a notable problem, with 53 per cent of green claims on products or services making vague, misleading or unfounded information. About 230 sustainability labels are in use across the 27-nation EU, with vastly different levels of transparency, according to the commission. With its green claims directive, the commission wants to set common criteria that would bring more clarity. The European Parliament and EU member countries need to approve the initiative for it to take effect. Under the proposal, companies that claim the packaging for their products is made of 30 per cent recycled plastic would have to prove it with scientific evidence. EU countries would be in charge of setting up verification processes overseen by independent bodies. Businesses based outside the EU making environmen

Apple breached antitrust law in Spotify case, says European Commission

The European Commission updated its anti-trust case against Apple, sending a fresh statement of objections to the tech giant clarifying its concerns over App Store rules for music streaming providers

British PM Rishi Sunak, EU strike deal over trade in Northern Ireland

A government source said Sunak had agreed the terms with European Commission President Ursula von der Leyen as they met in London

$61-billion VMware deal: Broadcom to get warning from regulators

The EU competition enforcer, which will decide on the deal by June 7

Zelenskyy expresses gratitude to Ursula von der Leyen for EU support

Ukrainian President Volodymyr Zelenskyy on Monday held talks with European Commission President Ursula von der Leyen. Taking to his official Twitter handle, Zelenskyy expressed gratitude to Leyen for European Union's support.Zelenskyy stated that Ukraine is waiting for the first tranche of macro-finance aid in January. He tweeted, "Glad to start the year talking to @vonderleyen. Thanked for the EU support. Waiting for the 1st tranche of macro-fin aid in Jan, the 1st batch of LED-lamps, school buses, generators & modular houses. Coordinated steps on Ukraine European Union Summit. We feel support & will win together. Ursula von der Leyen assured Volodymyr Zelenskyy that European Union continues to stand with Ukraine. She stated that European Union will support Ukraine's "heroic struggle" and fight for freedom against the offensive. In a tweet, Leyen said that the EU is supporting Ukraine with generators, light bulbs, shelters and school buses. Ursula von der Leyen tweeted, ..

Big duty cuts in India on parts and cars key demand of European players

Continent's manufacturers say they can't compete with manufacturers from FTA countries; also seek elimination of non-tariff barriers, long-term EV policy

EU probing $61 billion acquisition of software firm VMware by Broadcom

The European Commission has opened an in-depth investigation to assess the proposed acquisition of enterprise Cloud software company VMware by Broadcom

European Commission proposes additional sanctions on Russia, 9th since war

European Commission has proposed to impose sanctions against 200 additional individuals and entities, including the Russian armed forces

European investment tool worth $27 billion adopted in Greece this week

The program aims to unlock investments of over 372 billion euros across Europe, to support the EU's strategic priorities, these include the European Green Deal and the digital transition

Twitter loses entire Brussels office after Musk's hardcore working culture

The small office of six employees was cut to two in recent weeks following Elon Musk's dramatic culling of staff, according to people with knowledge of the exits