How can EU’s carbon tax hurt India? The European Union had in July last formalised a method to stop ‘carbon leakage’ or moving production of high-polluting products to nations outside of the EU in its bid to go green. This is called the Carbon Border Adjustment Mechanism. Though the tax will be implemented in 2026, […]
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European Union flags flutter outside the EU Commission headquarters, in Brussels, Belgium | Photo Credit: Reuters EU approves 10th package of Russia sanctions on anniversary of invasion The European Union, after hectic last-minute haggling, has approved a tenth package of Russia sanctions on the anniversary of Moscow’s invasion of Ukraine, the Swedish EU Presidency said late on Friday. […]
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Representational image of a Russian oil tanker | Photo Credit: Reuters The Group of Seven (G7) countries, the European Union and Australia have imposed a price cap on Russian sea-borne oil to make it harder for Russia to fund its war against Ukraine. Under the plan, which took effect on December 5 , Western companies that […]
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Elon Musk has assured the European Commission that Twitter will continue to abide by tough European rules on illegal online content policing now the social network has passed under his ownership, EU sources said on Monday. In a previously unreported exchange last week, Musk told Thierry Breton, the EU’s industry chief, that he planned to […]
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Inflation hit a new record in the 19 countries that use the euro currency, fueled by out-of-control prices for natural gas and electricity due to Russia’s war in Ukraine. Economic growth also slowed ahead of what economists fear is a looming recession, largely as a result of those higher prices sapping Europeans’ ability to spend. […]
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EU negotiators sealed the first agreement of the Bloc’s “Fit for 55″ package set up by the Commission to achieve the climate goals of cutting emissions of the gases that cause global warming by 55% over this decade. EU negotiators sealed the first agreement of the Bloc’s “Fit for 55″ package set up by the […]
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The European Union formally adopted the law that forces phone-makers to only launch devices with USB type-C ports from 2024, earlier this week. While this may not be a big change for most Android phone-makers who operate in Europe, it will come as a big blow for US-based Apple. The tech giant must now launch […]
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Rishi Sunak, a committed Brexiteer, will face turbulence as most of Britain’s economic headwinds are of Westminster’s own making Rishi Sunak, a committed Brexiteer, will face turbulence as most of Britain’s economic headwinds are of Westminster’s own making Rishi Sunak has claimed several records this week — Britain’s first Asian Prime Minister, the youngest in […]
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Europe looks at a harsh winter as hopes that Nord Stream pipelines would open up in the next few months are dampened due to extensive damage to the pipelines caused by four successive leaks Europe looks at a harsh winter as hopes that Nord Stream pipelines would open up in the next few months are […]
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Inflation in the European countries using the euro currency has broken into double digits as prices for electricity and natural gas soar Inflation in the European countries using the euro currency has broken into double digits as prices for electricity and natural gas soar Inflation in the European countries using the euro currency has broken […]
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