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European Union (EU) News
European Union (EU)
Brexit casts shadow over stands at Geneva car show
Sun, Mar 03, 2019
The stakes are high. Britain is Europe`s second-biggest buyer of cars and fourth biggest manufacturer, meaning disruption to supplies - and possible tariffs of up to 10 percent on vehicles moving between Britain and the European Union - will have repercussions across the industry.
EU expects UK request to help avoid food shortages under hard Brexit
Sun, Feb 24, 2019
"I don`t think they will want a situation where they will have a logistical problem at their ports, that they will have food shortages and food prices going up in the shops," Hogan added.
EU countries back copyright reforms aimed at Google, Facebook
Wed, Feb 20, 2019
European Union countries on Wednesday endorsed an overhaul of the bloc`s copyright rules which would force Google and Facebook Inc to pay publishers for news snippets and filter out copyright-protected content on YouTube or Instagram.
UK would regret no-deal Brexit ''for ever'' - business minister
Sat, Feb 02, 2019
The impacts "could fall across every transport mode ... and could grow exponentially as ... the capabilities of responders at all levels decrease or become overwhelmed," the document offering guidance to officials working in a planned emergency response centre said.
UK firms plan mass exodus over no-deal Brexit
Sun, Jan 27, 2019
The development comes before a crucial week in Parliament, in which MPs will try to wrest control from Prime Minister Theresa May's government in order to delay Brexit and avoid a no-deal outcome.
Take Five: World market themes for the week ahead
Sat, Jan 19, 2019
The optimism has driven sterling to two-month highs against the dollar, with 4 percent-plus gains from Jan 3 lows. Options markets too imply further pound strength over the three-month period that encompasses the deadline.
U.S. to seek comprehensive agriculture access in EU trade talks
Sat, Jan 12, 2019
Agricultural issues were among the major sticking points in past negotiations for a major U.S.-EU trade deal, the Trans-Atlantic Trade and Investment Partnership (TTIP), before talks were shelved after Donald Trump was elected president in 2016.
No consensus on digital tax directive targeting tech giants
Wed, Dec 05, 2018
European Union finance ministers were unable to reach an agreement on digital services tax reforms that would target the revenues raised by tech giants like Google and Facebook after various member states opposed the proposed directive.
Google News may shut down in EU over ''link tax''
Mon, Nov 19, 2018
Google is deeply concerned about the current proposals, which are designed to compensate struggling news publishers if snippets of their articles appear in search results, Richard Gingras, the search engine`s Vice President of News told the Guardian.
Brexit divource deal: UK PM Theresa May soldiers on amid ongoing rebellion
Fri, Nov 16, 2018
The current draft is a provisional agreement until both sides can agree on a final pact for their future trading relationship and sets out commitments over citizens' rights after Brexit, the proposed 21-month transition period, and a 39 billion-pound so-called "divorce bill" that the UK would pay as a price to exit the economic bloc.
Brexit deal: British, EU negotiators reach a framework agreement
Tue, Nov 13, 2018
A European source said a technical agreement had been struck but still needed political approval both on the British and European sides. Ireland's public broadcaster RTE cited two government sources saying a text crucially resolves the Irish border issue -- a key sticking point.
EU pushes for October Brexit agreement, but threatens no deal
Thu, Sep 20, 2018
May promised new proposals to reassure Dublin that it would not end up with a "hard border" with the British province of Northern Ireland but warned that she too could live with a no-deal outcome -- though many around the summit in Salzburg do not believe that that is a credible threat.
Theresa May presses her Brexit plan with EU to avoid disorderly UK departure
Wed, Sep 19, 2018
Before a two-day European Union summit starts on Wednesday evening, May showed no sign of backing away from her Brexit plan, shrugging off criticism at home and in Brussels over her proposals for future trade relations, the biggest policy shift for Britain in almost half a century.
EU Parliament won't accept Brexit deal threatening four EU freedoms
Tue, Nov 22, 2016
The European Parliament will not accept an agreement for Britain`s exit from the European Union that would endanger any of the four EU freedoms, including the freedom of movement of people, parliament`s negotiator Guy Verhofstadt said on Tuesday.
Facebook to open new London HQ, create 500 new UK jobs
Mon, Nov 21, 2016
Facebook will open a new London headquarters next year and create another 500 jobs, the leading social network said Monday, despite uncertainty over Brexit.
India to get electricity from offshore wind energy in 5 years
Mon, Oct 31, 2016
India will get electricity generated by wind-propelled plants installed in Gujarat and Tamil Nadu in about five years as part of the country's green energy development programmes, an energy expert has said.
British PM to lead trade delegation to India
Tue, Oct 25, 2016
British Prime Minister Theresa May today announced that she will be leading a trade delegation to India next month, as her government seeks new relationships after Britain leaves the European Union.
India complains to WTO on inconsistent renewable energy subsidies from US
Tue, Sep 13, 2016
India has moved the World Trade Organisation (WTO) against the subsidy given by eight US states in renewable energy under American domestic content requirements, the Commerce Ministry said on Tuesday.
UK economy will suffer after Brexit said British PM Theresa May
Sun, Sep 04, 2016
Theresa May predicted that the vote would damage the economy and said the government would continue to monitor economic data in the coming months before setting out its fiscal response to protect the economy later this year.
PM Modi's Cabinet clears Rs 500 crore project development fund for Asian region
Wed, Aug 31, 2016
The Union Cabinet on Wednesday cleared a proposal to create a Rs 500 crore project development fund to increase economic presence in Cambodia, Laos, Myanmar and Vietnam, which can act as gateways for market access to China and the European Union (EU).