The European Comission said on Monday it was reviewing its entire development aid portfolio for the Palestiniansworth 691 million euros (US$ 728.66 million), and which immediately suspended all payments after the Hamas attack against Israel. “The magnitude of the terror and brutality against Israel and its people is a turning point,” said Oliver Varhelyi, EU […]
Tag: EU
Russia evades G7 sanctions that limit prices of its oil exports
Russian crude oil supplies increased by 50% this spring despite sanctions imposed by the countries of the G7 Due to the war in ukrainethe Financial Times reported on Sunday, citing data from analytics firm Kpler. The European Union, G7 countries and Australia introduced a US$60 per barrel cap on Russian oil last December, with the […]
EU car group calls for urgent action on trade rules after Brexit
The European Union and the United Kingdom urgent measures must be taken to postpone the rules on electric vehicles traded between both markets, which will involve tariffs of 10%, the European automotive group declared on Monday. “Increasing consumer prices for European electric vehicles, at a time when we have to fight for market share in […]
EU: chip law comes into force to reduce dependence on Asia
The European Chip Law, with which the European Union wants to double its semiconductor production to cover 20% of global manufacturing to reduce its dependence on Asiacame into force this Thursday. The EU hopes to reduce its dependence on Taiwan and South Korea, which have almost a global duopoly in chip manufacturing – they produce […]
Spain claims to have “necessary instruments” to evaluate investment in Telefónica
The acting Spanish Minister of Industry, Commerce and Tourism, Héctor Gómez Hernández, stated this Tuesday before the European Parliament that Spain has the “necessary instruments” to assess the “possible” Saudi investment in Telefónica, of which the Government of Spain has not yet had formal notification. “As soon as we have formal knowledge of this operation, […]
Spotify asks Apple to comply with new EU antitrust law
the swedish company Spotify asked this Wednesday to the American Manzana to put an end to its “anti-competitive practices”, after the European Commission forced it today to comply with the new antitrust rule of the European Unionwhich among other things, allows users to subscribe to services without the intermediation of technology giants. “For a long […]
London delays controls on imports of EU goods after Brexit
He british government will delay the full imposition of import controls on goods from the European Union behind the Brexitas announced this Tuesday, delaying the start date until January 2024. The UK left the EU single market in January 2021 and has delayed full implementation of border controls several times due to concerns about disruptions […]
Internet giants subjected to unprecedented rules in the EU
the giants of Internet They must respond as of this Friday in the European Union to reinforced obligations of transparency and the fight against illegal contentunder penalty of significant fines, under a new law without precedent in the world. The ambitious Digital Services Law (LSD) is imposed as of this Friday on the 19 main […]
Ruble, at its worst moment 25 years after Russia’s bankruptcy
He ruble goes through bad times 25 years after Russia declared bankruptcy. A quarter of a century after the crisis that forced Russia to declare bankruptcy and drastically devalue its currency, the ruble is going through bad times again, this time due to Western sanctions over the war in Ukraine. The Russian currency, which will […]
Boric sees the EU as a “key partner” to prevent Chile from depending only on China
The president of Chili, gabriel boricjudged that it is not good to depend on a single country, alluding to Chinaand therefore go to the European Union (EU) as a “key partner” to diversify the economy of the influence of Beijing, the main trading partner of the South American country. “China is an opportunity as long […]