Tag: European Union
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Google hit with US$1 billion EU fine, first under landmark rules
BRUSSELS: Alphabet’s Google was fined a total of €890 million (US$1 billion) on Thursday (Jul 23) for flouting European Union rules aimed at reining in the power of Big Tech, the European Commission said.However, the US tech giant is likely to avoid fresh fines as EU regulators lau
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AliExpress hit with US$629 million EU fine over sales of illegal, counterfeit products
“This is very dangerous for consumers, unfair for companies which are complying with all our rules,” said EU tech chief Henna Virkkunen.
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EU reforms carbon market under pressure from industry
The changes would let companies keep free carbon permits longer and use international carbon credits from 2036.
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Europe looks beyond regulation in bid for tech leadership
Long known as the tech world’s rule-maker, the European Union is now trying to build the capabilities to compete globally.
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EU chief announces ‘drone deal’ with Ukraine
KYIV: EU chief Ursula von der Leyen on Wednesday (Jul 15) announced a “drone deal” with Ukraine to boost joint production of the key battlefield technology.”This deal will bring together Ukrainian ingenuity and Europe’s industrial scale,” von der Leyen said in Kyiv, after receiving an award from President Vol
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EU extends right to stay for Ukrainians, excludes military-age men
BRUSSELS: EU countries on Wednesday (Jul 15) agreed to extend the right for Ukrainians fleeing the war to stay until 2028, but excluded military-age men arriving in the bloc. The European Union triggered emergency protections for Ukrainians in the wake of Russia’s 2022 invasion, giving them the ri
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EU scrambles to seal new Russia sanctions as deadline looms
BRUSSELS: EU countries were scrambling on Tuesday (Jul 14) to agree a new round of sanctions on Russia, on the eve of a deadline that could weaken a key measure to tamp down Moscow’s oil revenues.Ambassadors from 27 member states were due to hold last-ditch talks in Brussels to thrash out a deal on the…
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EU rallies dozens of nations to pledge US$1 billion for Gaza recovery fund
Few places in the Palestinian territory of over 2 million people have been left unscathed, and the United Nations, World Bank and EU estimate that reconstruction will cost US$70 billion.
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EU population to peak in 2029 before long-term decline
BRUSSELS: The population of the 27-nation European Union will peak in 2029 before falling in the coming decades, according to a report published on Tuesday (Jul 14) that puts a spotlight on the major challenges of an ageing citizenry.Today there are 450.6 million people, but researchers say this will peak at
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EU, UK hit Russia with joint sanctions over cyber attacks
BRUSSELS: The European Union and Britain targeted Russia on Monday (Jul 13) with coordinated sanctions over cyber attacks in Europe, accusing Moscow’s FSB intelligence agency over involvement in digital strikes.The move comes as Western officials warn Russia has stepped up its “hybrid” campaign to destabilise
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