Page 9 - European Union

How feasible are Rolls-Royce and easyJet's hydrogen engines for planes?

Rolls-Royce and easyJet said that they have successfully run an aircraft engine using green hydrogen created by wind and tidal power

EU seeks specialised court to investigate Russia war crimes in Ukraine

The European Union proposed Wednesday to set up a U.N.-backed specialised court to investigate possible war crimes committed by Russia in Ukraine, and to use frozen Russian assets to rebuild the war-torn country. European Commission president Ursula von der Leyen said the EU will work with international partners to get the broadest international support possible" for the tribunal, while continuing to support the work of the International Criminal Court. Since Russian President Vladimir Putin ordered the invasion of Ukraine on Feb. 24, his military forces have been accused of abuses ranging from killings in the Kyiv suburb of Bucha to deadly attacks on civilian facilities, including the March 16 bombing of a theater in Mariupol that an Associated Press investigation established likely killed close to 600 people. Investigations of military crimes committed during the war in Ukraine are underway around Europe, and the Hague-based International Criminal Court has already launched ...

European Union adopts new legislation to strengthen cybersecurity

It will strengthen the EU's cybersecurity work by improving the resilience of public and private entities, introducing stricter enforcement and increasing information-sharing

Environmental groups ask EU to drop carbon removal from climate plans

Scores of environmental groups issued a joint appeal on Monday for the European Union to drop carbon removal methods from its climate plans, arguing that some of them rely on untested technology while others may not absorb as many greenhouse gas emissions as claimed. The EU's executive Commission has proposed creating a system for certifying so-called offsets carbon absorbed through nature or with technological means which could then be bought by polluters to reduce their emissions balance. But some 170 groups including Friends of the Earth, Corporate Accountability and the Centre for International Environmental Law argue that plans to use fields, forests or machines for future large-scale removal of carbon from the atmosphere are a greenwashing fantasy. They have instead called for the Commission to commit to real, or gross, cuts in emissions, instead of net cuts that many countries and companies are currently touting in their climate plans. The 27-nation EU aims to achieve net .

India-EU trade pact: Negotiators begin third round of talks, says official

Senior officials of India and the European Union (EU) on Monday commenced the third round of talks on a proposed free trade agreement, which aims at boosting trade and investments between the two regions, an official said. India's bilateral trade with the EU rose by 43.5 per cent to USD 116.36 billion in 2021-22. At present, the EU is India's second largest trading partner after the US, and the second largest destination for Indian exports. India and the EU on June 17 this year formally resumed negotiations on the proposed India-EU Trade and Investment Agreement, including the Geographical Indications (GI). The EU delegation is here for the third round of talks and the talks will continue till December 9, the official said. The second round of negotiations were held in Brussels. According to the commerce ministry, the trade agreement with the EU would help India in further expanding and diversifying its exports of goods and services, including securing the value chains. A GI is .

ESMA to derecognise CCIL: Banks, RBI discuss alternative clearing methods

Fresh clearing options came up in discussions with RBI, banks in touch with offshore regulators

Global oil mkt signals short-term weakness ahead of EU ban on Russian oil

The global oil market is signaling a potential shift, as traders and analysts worry about reduced crude demand and an oversupplied market in the coming months

Rise in cigarette taxes, first EU-wide vaping levy on the cards

The changes to legislation, part of a push by Brussels to cut smoking rates, will increase the EU's minimum excise duty on cigarettes from 1.80 euros to 3.60 euros per pack of 20

Russia drafts decree banning sale of oil to price-cap participants

It would essentially ban any reference to a price cap in contracts for Russian crude oil or products, and prohibit loadings destined for any countries that adopt the restrictions

EU diplomats suspend talks on capping Russian oil prices as divisions stick

Poland and the Baltic nations are outraged at a proposal to cap Russian oil prices at $65 per barrel limit, as the level is above the rates Moscow sells crude now

European Union's medicines regulator warns of Covid spike in winter

"This virus is maintaining a fast pace in its evolution and new subvariants of Omicron such as BQ.1.1 and its offsprings are on the rise and replacing Omicron BA.5"

EU heads for December agreement for proposed price cap on imported gas

Any agreement on the European Commission's proposal to cap the price of imported gas will be postponed until the middle of December, said Jozef Sikela, the Czech minister of industry and trade

Poland to receive European Union post-Covid recovery fund in 1.5 yrs: PM

Poland will receive support from the European Union (EU) post-pandemic recovery fund within a year and a half, Prime Minister Mateusz Morawiecki said

Twitter, others slip on removing hate speech, says European Union review

Twitter took longer to review hateful content and removed less of it in 2022 compared with the previous year, according to European Union data released Thursday. The EU figures were published as part of an annual evaluation of online platforms' compliance with the 27-nation bloc's code of conduct on disinformation. Twitter wasn't alone most other tech companies signed up to the voluntary code also scored worse. But the figures could foreshadow trouble for Twitter in complying with the EU's tough new online rules after owner Elon Musk fired many of the platform's 7,500 full-time workers and an untold number of contractors responsible for content moderation and other crucial tasks. The EU report found Twitter assessed just over half of the notifications it received about illegal hate speech within 24 hours, down from 82% in 2021. Facebook, Instagram and YouTube also took longer, while TikTok was the only one to improve. The amount of hate speech Twitter removed after it was flagged

Need to promote circular economy to deal with climate change: Amitabh Kant

State chief secys' meet to address challenges faced in implementation of circular economy, says India's G20 Sherpa

Poland sends diplomatic note on request for WW II reparations from Germany

On September 1, the Polish government presented a comprehensive report detailing the material losses suffered by the country during the war, reports Xinhua news agency

EU proposes gas price cap: Energy Commissioner Kadri Simson announces

A European gas price cap at 275 euros ($283) per megawatt hour (MWh) has been proposed, Energy Commissioner Kadri Simson announced

Wipro becomes 1st Indian IT firm to allow Europe employees to form union

Wipro's employees that have been allowed to unionise belong to 13 countries including France, Sweden, Finland and Germany

India, EU hopeful of timely conclusion of negotiations on trade

India and the European Union on Tuesday expressed hope that there is a timely conclusion of negotiations on their trade and investment agreements, and agreed on the need for greater ambition in the implementation of their connectivity partnership. The 9th India-EU Foreign Policy and Security Consultations were held here co-chaired by Secretary (West) in the Ministry of External Affairs Sanjay Verma and Enrique Mora, Deputy Secretary General for Political Affairs, European External Action Service. During the consultations, both sides were pleased to note the enhanced intensity and political momentum in the India-EU relationship, a start towards which was made during the 15th India-EU Summit held in July 2020 and which was further strengthened by the India-EU Leaders' Meeting in May 2021, a statement issued by the Ministry of External Affairs said. They took stock of key bilateral developments, including the India-EU Trade and Technology Council, announced by Prime Minister Modi and .

UK starting to have second thoughts about Brexit as economy faces recession

More than six years after voting to leave the European Union, the UK is facing a prolonged recession and a deep cost-of-living crisis