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  • 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.

  • EU leaders to hold mini-migration summit as crisis festers Jun 23, 2018 03:35 PM IST

    EU leaders to hold mini-migration summit as crisis festers

    Hardline Italian Interior Minister Matteo Salvini was again demanding that Malta, the EU's smallest country, allow a rescue ship carrying hundreds of migrants to land because it was in the island's waters.

  • Sushma Swaraj calls on Presidents of European Commission, European Parliament Jun 21, 2018 09:44 AM IST

    Sushma Swaraj calls on Presidents of European Commission, European Parliament

    Swaraj will hold wide ranging discussions with the EU leadership and will meet her Belgian counterpart Didier Reynders.

  • ArcelorMittal gets European Commission nod to acquire Italy's Ilva May 07, 2018 06:05 PM IST

    ArcelorMittal gets European Commission nod to acquire Italy's Ilva

    The approval is a significant milestone in the transaction to acquire loss-making Ilva and represents a major step towards closing the deal, which is now expected to occur as soon as possible, the company said in a statement.

  • Theresa May readies dawn call on EU as Brexit deal nears Dec 08, 2017 10:36 AM IST

    Theresa May readies dawn call on EU as Brexit deal nears

    May would probably meet the European Commission president at 7 a.m. (0600), the Commission said in a statement, with a news conference to follow half an hour to an hour later. It gave no other details.

  • Alphabet profit by EU fine on Google Jul 25, 2017 07:55 AM IST

    Alphabet profit by EU fine on Google

    The technology giant yesterday reported that revenue grew to USD 26 billion in the recently ended quarter, and that profit would have tallied nearly USD 6.3 billion if it weren't for a USD 2.74 billion antitrust fine levied on search engine Google by the European Commission.

  • 'Tough EU norms on India's basmati rice to shift trade to Pakistan' Jul 05, 2017 03:23 PM IST

    'Tough EU norms on India's basmati rice to shift trade to Pakistan'

    The European Commission has recently brought down in basmati rice the maximum residue limit (MRL) level for Tricyclazole, a fungicide used by farmers against a disease, to 0.01 mg per kg from the next year. This was done for all countries.

  • Murdoch's Fox wins EU approval to take over Sky Apr 07, 2017 10:46 PM IST

    Murdoch's Fox wins EU approval to take over Sky

    Fox and Sky welcomed the decision, which had been expected, and said they would continue to work with the regulators in Britain where it faces a tougher test to complete the deal.

  • EU regulators to approve Fox takeover of Sky - sources Apr 07, 2017 05:40 PM IST

    EU regulators to approve Fox takeover of Sky - sources

    Rupert Murdoch's Twenty-First Century Fox is set to win unconditional EU antitrust approval for its 11.7-billion-pound (USD 14.5 billion) takeover of European pay-TV group Sky, two people familiar with the matter said on Friday.

  • EU imposes anti-dumping duties on Chinese steel Apr 06, 2017 07:23 PM IST

    EU imposes anti-dumping duties on Chinese steel

    The European Commission has imposed anti-dumping duties on steel products from China to stop them flooding Europe's struggling steel market.

  • Greece, EU/IMF lenders agree on key labour reforms, pension cuts - sources Mar 29, 2017 09:36 PM IST

    Greece, EU/IMF lenders agree on key labour reforms, pension cuts - sources

    Greece has agreed with its lenders on key labour reforms, spending cuts and energy issues, moving closer to clinching a deal before a meeting of euro zone finance ministers on April 7, sources close to the talks said on Wednesday.

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