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European Union News
Cambodian PM says China ready to help if EU imposes sanctions
Mon, Apr 29, 2019
Cambodia benefits from the EU`s "Everything But Arms" trade scheme which allows the world`s least developed countries to export most goods to the EU free of duties.
Blow to Google, Facebook as EU approves tougher copyright rules
Tue, Apr 16, 2019
Under new copyright rules aimed at ensuring fair compensation for the European Union`s $1 trillion creative industries, which employ 11.7 million people in the bloc, Google will have to pay publishers for news snippets and Facebook filter out protected content.
US proposes tariffs on $11 billion of EU products
Tue, Apr 09, 2019
The WTO found that the subsidies have an "adverse impact" on the US, reports said. "This case has been in litigation for 14 years and the time has come for action."
G20 must tackle root causes of trade tensions that threaten growth: EU
Sat, Apr 06, 2019
"The international community has to tackle the root causes of the ongoing trade tensions by ensuring a level playing field for open and free trade in goods and services, investment and intellectual property rights," the joint EU statement said.
European Union drags India to WTO over import duties on ICT products
Wed, Apr 03, 2019
The European Union (EU) Tuesday said it has dragged India into WTO's dispute settlement mechanism over imposition of import duties on certain ICT product, including mobile phones, alleging breach of global trade norms.
EU fines Google $1.7 billion for unfair online ad rules
Wed, Mar 20, 2019
The European Union`s antitrust regulators on Wednesday fined Google 1.49 billion euros ($1.7 billion) for abusing its dominance in the online search market by blocking rivals.
European Union rules Italian bank rescue legal in blow to antitrust watchdog
Tue, Mar 19, 2019
After the dispute with Brussels over the rescue of Tercas, Italian authorities intervened to help four other small banks in 2015 and then saved larger Banca Monte dei Paschi di Siena and two smaller north-eastern Italian banks in 2017.
GDPR Violation: Facebook, Apple, Twitter face EU probes .
Sat, Mar 02, 2019
Since the application of the GDPR, the DPC has seen a significant increase in the number of complaints received. Between May 25 and December 31, 2018, 2,864 complaints were received by the DPC.
EU warns UK Prime Minister Theresa May for her demand to reopen Brexit deal
Wed, Feb 20, 2019
Reinforcing the message, EU Commission President Jean-Claude Juncker made it clear that he had little hope that something fruitful would emerge during his evening with UK Prime Minister.
German industry views Brexit, Trump as biggest risks to growth and prosperity
Wed, Dec 26, 2018
The German economy, Europe`s largest, is expected to post its weakest growth rate in many years in 2018 as exporters are facing headwinds from abroad. But vibrant domestic demand means many companies are still able to expand business.
Brexit impact: Britain's retail sector axed 150,000 jobs in 2018
Mon, Dec 24, 2018
And more gloom is forecast next year as retailers continue to struggle in anticipation of Britain's departure from the European Union. "While parliament is obsessed with Brexit, business rates and low growth are killing the high street," said Professor Joshua Bamfield, who is director of the CRR consultancy.
Brexit divorce deal: Indian-origin minister leads resignations in fresh jolt for Theresa May
Thu, Nov 15, 2018
Minutes after Vara stepped down as Northern Ireland minister, Prime Minister May was hit by a bigger blow as her Brexit Secretary Dominic Raab resigned from the Cabinet saying he "cannot in good conscience" support the draft of the withdrawal agreement with the 28-member bloc.
EU executive conditionally approves Daimler, BMW car-sharing deal
Thu, Nov 08, 2018
The European Union`s competition authority said on Wednesday it had approved the plan of German luxury carmakers Daimler and BMW to combine their car-sharing businesses, subject to conditions.
Indian firms lagging on compliance of EU data protection rule: EY
Tue, Aug 14, 2018
Many Indian firms, including some of those with Rs 10,000 crore revenue, have been found to be lagging on compliance of European Union data protection rule, according to a survey conducted by advisory firm EY.
EU warns carmakers manipulating new emissions tests
Wed, Jul 25, 2018
The EU`s new tests aim to better measure on-road emissions after regulators found Volkswagen`s rigging was only part of a much wider effort to manipulate laboratory test to show much lower pollution than vehicles emitted on roads.
Quitting EU could hit UK households by up to 960 pounds a year: report
Fri, Jul 20, 2018
The report by consulting firm Oliver Wyman focused on five different Brexit scenarios, where the size of the annual economic impact would vary between 245 and 960 pounds depending on whether the UK avoids EU tariffs.
European Union set to fine Google billions over Android issue: sources
Tue, Jul 17, 2018
The EU is set to fine US internet giant Google several billion euros this week for freezing out rivals of its Android mobile phone system, sources said, in a ruling that risks fresh tensions with Washington.
EU ready to open talks with US to fix trade row - Malmstrom
Thu, Jun 21, 2018
Describing the U.S. tariffs as "illegal" and contravening World Trade Organization (WTO) rules, Malmstrom said there was no option but to take retaliatory action to protect European interests and jobs.
EU to impose duties on U.S. imports Friday after Trump tariffs
Wed, Jun 20, 2018
The European Union will begin charging import duties of 25 percent on a range of U.S. products on Friday, in response to U.S tariffs imposed on EU steel and aluminium early this month, the European Commission said on Wednesday.
Iran oil payment route likely to be blocked from November
Fri, Jun 15, 2018
India will from November not be able to use European banks for making payments for crude oil it buys from Iran as US sanctions against the Persian Gulf nation take effect, senior officials said today, reports PTI.