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  • EU's first green bond issuance raises $13.8 billion Oct 13, 2021 09:35 AM IST

    EU's first green bond issuance raises $13.8 billion

    The EU's executive branch is planning to issue up to 250 billion euros in green bonds by the end of 2026 as part of its plans to finance the 27-nation bloc's recovery from the coronavirus crisis.

  • European Union holds world's largest 'green bond' sale Oct 12, 2021 09:53 PM IST

    European Union holds world's largest 'green bond' sale

    The sale of the 15-year debt was the first in the EU's goal of raising 250 billion euros in sustainable debt by 2026 that will make the European Union the biggest emitter of green debt.

  • Which is EU's one charger pin to power them all? Sep 30, 2021 01:01 PM IST

    Which is EU's one charger pin to power them all?

  • Brussels warns UK its Brexit bill is final Jul 09, 2021 06:23 PM IST

    Brussels warns UK its Brexit bill is final

    The discrepancy could become the latest bone of contention between the two sides already at loggerheads over several parts of the UK-EU withdrawal agreement.

  • European Commission fines Volkswagen, BMW $1 billion for emissions cartel Jul 08, 2021 10:50 PM IST

    European Commission fines Volkswagen, BMW $1 billion for emissions cartel

    Vestager said the German carmakers, which included VW units Audi and Porsche , had possessed the technology to reduce harmful emissions more than required under EU law but avoided competing to do so.

  • Growing market power of Siri, Alexa, Google a concern, EU regulators say Jun 09, 2021 06:36 PM IST

    Growing market power of Siri, Alexa, Google a concern, EU regulators say

    Alexa, Siri and Google Assistant are the most popular voice- assistant devices in Europe, with the global market expected to double to 8.4 billion devices from 4.2 billion between 2020 and 2024, according to Statista.

  • European Commission fines banks 371 million euros over bond trading cartel May 20, 2021 05:52 PM IST

    European Commission fines banks 371 million euros over bond trading cartel

    The decision, announced by EU competition chief Margrethe Vestager, said traders from seven investment banks colluded in online chatrooms to fix prices and share sensitive information.

  • EU considers COVID vaccine patent waiver but Germany, drugmakers push back May 06, 2021 10:29 PM IST

    EU considers COVID vaccine patent waiver but Germany, drugmakers push back

    U.S. President Joe Biden voiced support on Wednesday for a waiver in a reversal of the U.S. position, and his top trade negotiator, Katherine Tai, swiftly endorsed negotiations at the World Trade Organization.

  • Joe Biden’s COVID-19 vaccine shift has risky side effects May 06, 2021 06:43 PM IST

    Joe Biden’s COVID-19 vaccine shift has risky side effects

  • PM Modi, European Commission president exchange views on COVID-19 situation May 03, 2021 02:55 PM IST

    PM Modi, European Commission president exchange views on COVID-19 situation

    Modi expressed his appreciation of the EU and its member states for mobilising quick support for India’s fight against the pandemic.

  • EU Commission chief says chances of Brexit deal fading every day Sep 16, 2020 04:50 PM IST

    EU Commission chief says chances of Brexit deal fading every day

    The British government unveiled draft legislation last week which it acknowledges would violate its international legal obligations and undercut parts of the divorce deal it signed before Britain formally left the European Union in January.

  • Gilead's COVID-19 antiviral remdesivir gets conditional EU clearance Jul 03, 2020 07:20 PM IST

    Gilead's COVID-19 antiviral remdesivir gets conditional EU clearance

    The decision comes just days after the company allocated nearly all of its supply of the antiviral to the United States over the next three months, stirring concerns about availability elsewhere.

  • Global fundraising for COVID-19 vaccine, drugs exceeds $10 billion, EU says May 26, 2020 05:10 PM IST

    Global fundraising for COVID-19 vaccine, drugs exceeds $10 billion, EU says

    The pledging campaign, which the United States shunned, raised $8 billion from global leaders and other institutions on May 4, when it was launched.

  • Brussels mulls 1.5 trillion euro coronavirus recovery fund Apr 14, 2020 09:55 PM IST

    Brussels mulls 1.5 trillion euro coronavirus recovery fund

    Finance ministers from the 19 euro single currency nations last week agreed a package worth over 500 billion euros to cushion the immediate impact of the virus.

  • PBOC buying Indian equity – Should this bother our policymakers? Apr 14, 2020 03:59 PM IST

    PBOC buying Indian equity – Should this bother our policymakers?

    Past crises are proof that Chinese firms acquire discounted assets around the globe

  • European Commission chief Ursula von der Leyen may visit Washington next month: EU ambassador Jan 23, 2020 10:21 AM IST

    European Commission chief Ursula von der Leyen may visit Washington next month: EU ambassador

    U.S. President Donald Trump met von der Leyen in Davos, Switzerland, on Tuesday and said afterward he had "very good" talks but maintained that if a trade deal was not struck with the EU, Washington would strongly consider auto tariffs.

  • PM Modi accepts European Commission prez's invitation to visit Brussels for next India-EU Summit Dec 03, 2019 01:15 PM IST

    PM Modi accepts European Commission prez's invitation to visit Brussels for next India-EU Summit

    The prime minister accepted the invitation of the European Commission president to visit Brussels for the next India-EU Summit, a statement issued by the Prime Minister's Office said.

  • Euro zone growth, inflation outlook cut as risks from US trade grow Jul 10, 2019 05:30 PM IST

    Euro zone growth, inflation outlook cut as risks from US trade grow

    The commission confirmed its prediction that economic growth in the euro zone would slow this year to 1.2 percent from 1.9 percent in 2018.

  • EU fines five banks $1.2 billion for foreign exchange rigging May 16, 2019 06:46 PM IST

    EU fines five banks $1.2 billion for foreign exchange rigging

    The European Commission said the banks formed two cartels to manipulate the spot foreign exchange market for 11 currencies, including the US dollar, the euro and the pound.

  • EU Commission extends review deadline for ThyssenKrupp, Tata Steel deal Apr 26, 2019 01:01 PM IST

    EU Commission extends review deadline for ThyssenKrupp, Tata Steel deal

    Tata Steel and ThyssenKrupp had proposed to combine their steel operations Europe, which would form the region's second-biggest steelmaker.

  • EU approves tougher EU copyright rules in blow to Google, Facebook Apr 15, 2019 06:40 PM IST

    EU approves tougher EU copyright rules in blow to Google, Facebook

    EU governments on Monday backed the move launched by the European Commission two years ago to protect Europe's creative industries, which employ 11.7 million people in the bloc.

  • Comment | Tata Steel-Thyssenkrupp: Drawing a line in the sand Feb 11, 2019 08:55 AM IST

    Comment | Tata Steel-Thyssenkrupp: Drawing a line in the sand

    Tata Steel’s joint venture with Thyssenkrupp is a much anticipated event but it needs to clear the EU’s anti-trust hurdle. An update is due this week.

  • Siemens, Alstom raise doubts about mega merger Jan 17, 2019 05:45 PM IST

    Siemens, Alstom raise doubts about mega merger

    A source at German group Siemens said Brussels had posed "insurmountable" demands for concessions that the groups would not make.

  • EU ready to retaliate if US imposes car tariffs: Jean-Claude Juncker Aug 31, 2018 02:54 PM IST

    EU ready to retaliate if US imposes car tariffs: Jean-Claude Juncker

    "We agreed with Trump on a kind of ceasefire when it comes to new car tariffs," Juncker told German broadcaster ZDF.

  • It's a tie! Greek PM marks debt deal with sartorial twist Jun 23, 2018 05:14 PM IST

    It's a tie! Greek PM marks debt deal with sartorial twist

    Greeks have seen their economy shrink by a quarter, unemployment spike and salaries and pensions slashed by about 40 percent since first falling into crisis in 2010. The country has required three international bailouts.

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