European Union
- Business
European Union proposes $140 bn windfall tax on energy companies
London: The European Union wants to raise $140 billion by tapping the windfall profits of some energy companies to help households and businesses pay eye-watering gas and electricity bills, media reports said.…
- World
EU Ministers back 5-billion-euro loan to Ukraine
Prague: Finance and economy ministers of the European Union (EU) member states have agreed to support the swift adoption of additional financial assistance to Ukraine to the tune of 5 billion euros.…
- World
Gas supplies via Nord Stream 1 pipeline indefinitely halted
Berlin: The supply of Russian gas to Germany through the Nord Stream 1 pipeline has been halted for an indefinite period, due to problems in a key piece of equipment, Russia’s largest…
- Middle East
Biden administration responds to Iran’s offer on 2015 nuclear deal
Washington: The Biden administration on Wednesday responded to Iran’s latest offer to resume its compliance with the 2015 nuclear deal, but neither side is offering a definitive path to revive the agreement,…
- Middle East
Palestinian President faces outrage over ’50 Holocausts’ comment
Berlin: German and EU officials expressed their outrage at statements by Palestinian President Mahmoud Abbas comparing Israel’s treatment of Palestinians to the Holocaust. The new German ambassador to Israel, Steffen Seibert, said…
- Business
India’s seafood exports rise 15pc to USD 1.99 billion in June quarter: Official
Kolkata: India’s seafood exports rose 15 per cent on-year to USD 1.99 billion in the first quarter ended June 2022, a senior official said on Friday. “In 2021-22, total exports were 7.76…
- World
EU nations aide France to battle raging forest fires
Paris: Firefighters and aircraft from several European Union (EU) countries are engaged to tackle a raging forest fire in France, the European Commission announced. Firefighters from Germany, Poland, Austria and Romania are to…
- World
EU ban on Russian coal imports to take effect after transition ends
Brussels: European Union (EU) member states will not be allowed to import any more coal from Russia after the transitional period for the bloc’s embargo ends at midnight on Wednesday. The embargo…
- World
Iran, US, EU to send envoys to Vienna for nuclear talks
Tehran: Iran, the United States and the European Union said Wednesday they would send representatives to Vienna amid what appears to be a last-ditch effort at reviving talks over Tehran’s tattered 2015…
- World
EU member states agree to cut off 15% of their gas demand
Brussels: European Union (EU) member states have reached a political agreement on a 15 per cent voluntary reduction of natural gas demand from the average of 2017-2021. Jozef Sikela, Czech Minister of…
- India
IMF slashes India’s 2022 growth forecast to 7.4%
Washington: The International Monetary Fund (IMF) on Tuesday slashed its annual growth projection for India by 0.8 percentage points to 7.4 per cent for 2022 and forecast “increasingly gloomy developments” for the…
- Middle East
EU criticises Houthis for refusing to open Taiz’s roads
The European Union (EU) on Tuesday expressed its great regret at the Houthis’ rejection of the latest proposal of the United Nations Special Envoy to reopen roads, especially around Taiz Governorate. “The…
- World
Russian gas shutdown would send some EU countries into recession: IMF
London: A total shutdown of Russian gas supply would reduce GDP in the most vulnerable EU countries by as much as 6 per cent and send them plunging into recession, the International…
- Technology
Amazon agrees to address anti-trust concerns to avoid EU fines
London: Amazon has agreed to address competition concerns over its use of non-public marketplace seller data in Europe along with a possible bias in granting sellers access to its ‘Buy Box’ and…
- Middle East
Iran urges US to choose between nuke deal or ‘unilateral demands’
Tehran: Iran’s Foreign Minister Hossein Amir-Abdollahian on Wednesday asked the US to choose between clinching an agreement in the ongoing nuclear talks or insisting on its unilateral demands. “Agreement is possible only…
