Union Minister of Commerce & Industry, Piyush Goyal, addressed the media after signing of the India-EFTA Trade & Economic Partnership Agreement (TEPA) in New Delhi. File | Photo Credit: ANI The free trade agreement between India and the four European nations bloc (EFTA) has come into force, Commerce and Industry Minister Piyush Goyal said on […]
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Indian authorities have cleared European Union-sanctioned Nayara Energy to use four foreign-flagged ships for coastal transportation of fuels such as petrol and diesel within the country, but its non-Russian overseas trade remains stalled due to the unavailability of banking channels. The Directorate General of Shipping has approved four foreign-flagged ships being used for the coastal […]
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U.S. President Donald Trump. File | Photo Credit: AP U.S. President Donald Trump urged EU officials on Tuesday (September 9, 2025) to hit China with tariffs of up to 100% as part of a strategy to pressure Russian President Vladimir Putin, according to a U.S. official and an EU diplomat. Mr. Trump also encouraged the […]
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Alphabet’s Google will sign the European Union’s code of practice which aims to help companies comply with the bloc’s landmark artificial intelligence rules, its global affairs president said in a blog post on Wednesday, though he voiced some concerns. The voluntary code of practice, drawn up by 13 independent experts, aims to provide legal certainty […]
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European Commission President Ursula von der Leyen sits with U.S. President Donald Trump, after the announcement of a trade deal between the U.S. and EU. File | Photo Credit: Reuters The dollar gained against major currencies, including the euro and yen, on Monday (July 29, 2025), with sentiment lifted by a trade agreement between the […]
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President Donald Trump and European Commission President Ursula von der Leyen have announced a sweeping trade deal that imposes 15% tariffs on most European goods, warding off Mr. Trump’s threat of a 30% rate if no deal had been reached by August 1. The tariffs, or import taxes, paid when Americans buy European products could […]
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Microsoft will likely sign the European Union’s code of practice to help companies comply with the bloc’s landmark artificial intelligence rules, its president told Reuters on Friday, while Meta Platforms rebuffed the guidelines. Drawn up by 13 independent experts, the voluntary code of practice aims to provide legal certainty to signatories. They will have to […]
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The European Commission set out guidelines on Friday to help AI models it has determined have systemic risks and face tougher obligations to mitigate potential threats comply with European Union artificial intelligence regulation (AI Act). The move aims to counter criticism from some companies about the AI Act and the regulatory burden while providing more […]
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Alphabet’s Google said it failed this week to resolve disagreements with hotels, airlines and specialised search services such as Skyscanner over how it presents search results, putting it at risk of a hefty European Union antitrust fine. At a July 7-8 workshop organised by the European Commission, the U.S. tech giant briefed critics on its […]
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America’s largest trade partner, the European Union, is among the entities awaiting word on Monday (July 7, 2025) on whether U.S. President Donald Trump will impose punishing tariffs on their goods, a move economists have warned would have repercussions for companies and consumers on both sides of the Atlantic. Mr. Trump imposed a 20% import […]
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