Page 10 - European Union

Data Bill may not lead to India joining e-commerce deal at WTO

India has so far stayed out of a group of 87 countries, including the US, European Union, China, and Japan that are negotiating trade-related aspects on e-commerce since December 2017

India-EU sign 'Intent of Cooperation' on Climate Modeling, Quantum Tech

India and the European Union signed an "Intent of Cooperation on High-Performance Computing (HPC), Weather Extremes and Climate Modeling and Quantum Technologies" at a virtual ceremony in New Delhi

China signs one of its biggest ever LNG deal with Qatar at $60 billion

Qatar Energy will send Sinopec 4 million tons of LNG a year starting in 2026, the state-controlled companies announced in a virtual ceremony on Monday

Oil prices sink as China's tightening anti-Covid curbs hurt demand outlook

Crude has erased the gains made at the start of the quarter, when the Organization of Petroleum Exporting Countries and allies including Russia agreed to reduce production by 2 million barrels a day

Iranian president slams EU, says backing terrorism not in West's interests

Raisi said "the enemy" attempted to disrupt Iran's advancements by dealing blows to the country's security and economy as well as education and production sectors

Best of BS Opinion: Protecting data privacy, the FTX fraud, and more

Here is the best of Business Standard's opinion pieces for today

As British voters cool on Brexit, UK softens tone towards European Union

The British government on Sunday denied a report that it is seeking a Swiss-style relationship with the European Union that would remove many of the economic barriers erected by Brexit even as it tries to improve ties with the bloc after years of acrimony. Health Secretary Steve Barclay told Sky News I don't recognise the Sunday Times report, insisting the U.K. was still determined to use the Brexit freedoms we have by diverging from the EU's rules in key areas. Switzerland has a close economic relationship with the 27-nation EU in return for accepting the bloc's rules and paying into its coffers. The U.K. government said Brexit means we will never again have to accept a relationship with Europe that would see a return to freedom of movement, unnecessary payments to the European Union or jeopardise the full benefit of trade deals we are now able to strike around the world. But despite the denials, the new Conservative government led by Prime Minister Rishi Sunak wants to restore .

Personal data protection Bill may lead to UK, EU data adequacy deals

Under the new draft DPRP bill put out for public consultation, the government has proposed free cross-border flow of data with "friendly" nations, significantly easing its earlier stance

Trade divide could cost global economy $1.4 trillion: IMF chief Georgieva

Trade spats could cut 1.5% from global GDP; 3% in Asia

Ukrainian PM, EU top official discuss Russian war, fresh aid for Kiev

Due to the ongoing energy crisis, Ukraine needs more support from partners, including the supplies of energy equipment and additional financial assistance, Ukrainian Prime Minister Denys Shmyhal said

COP27 climate deal hurtle towards overtime, countries mull EU offer of fund

27-country EU said it would back one of the toughest agenda items financing for countries wracked by climate-fuelled disasters

Are countries using visas as weapons to fight diplomatic battles?

While India does seem to be facing the rough end of visa diplomacy, barriers are going up globally

India, EU regulators standoff over clearing houses to affect BNP to HSBC

Recent changes in European Market Infrastructure Regulation demanded that ESMA must establish cooperation arrangements with countries that has their own central counterparties

RBI-ESMA logjam: Banks turn to EU, UK regulators over trade impact concerns

Banks expressed concerns about trade impact, disruptions seen in OIS, bond markets

Indian refiners wary of buying Russian oil after Dec 5 as EU sanctions loom

The Asian giants, who are two of the world's top three importers, had become Russia's biggest customers after the West shunned Russian oil after the outbreak of war in Ukraine

No sector, fuel source should be singled out for action: India at COP27

No sector, fuel source or gas should be singled out for action in the fight against climate change, Environment Minister Bhupender Yadav has said at the UN climate summit in Egypt. India had proposed on Saturday that the talks wrap up with a decision to "phase down all fossil fuels". The call received support from the European Union on Tuesday. Participating in a BASIC ((Brazil, South Africa, India and China) ministerial meeting on Tuesday night, Yadav said developing countries should be provided their fair share of the full carbon budget and it can be done by "monetising the carbon debt of the developed countries". "In climate action, no sector, no fuel source and no gas should be singled out for action. In the spirit of the Paris Agreement, countries will do what is suitable as per their national circumstances," Yadav said. India also clarified that just transition cannot mean de-carbonisation for all countries. "For India, just transition means transition to a low-carbon ...

EU condemns fresh Taliban restrictions on women in public parks, gyms

The European Union has condemned the additional restrictions on women's freedom of movement, including the rules that barred women from entering public parks and gyms

Global cooperation is not necessary to fight climate change

Efforts to strengthen multilateral cooperation on climate change are likely to be futile. But competitive technological progress, even if promoted by protectionist policies, could save the planet

Reliance, Nayara to gain from European energy crisis, says Report

The ongoing energy crisis in Europe is expected to benefit Reliance Industries and Nayara Energy as these are among the Asian refiners that produce winter-specification diesel for the European Union, according to a report. State-owned oil companies are not into exports and that gives an advantage to Reliance -- the largest importer of Russian crude and also the largest exporter of diesel from the country -- and Russia's Rosneft-owned Nayara. The energy crisis will only get further aggravated going forward as from next month Opec's 2-million barrel per day production cut comes into force, and from February 5 the ban on Russian imports of refined products comes into force, say oil analysts at LSG group's market data provider Refinitiv. According to them, since the war began in Ukraine, Reliance and Nayara have imported almost 10 times more Russian crude from the pre-invasion levels, at 2.82 million tonnes per month during March-September. Already, Indian exports to Europe have been .

Most European Union countries set to slide into recession in Q4: Gentiloni

The European Commission's autumn forecast predicted falling economic output in the last three months of this year and the first months of 2023