EU to proceed with significant tariffs on Chinese EVs: Report

Brussels: The European Union plans to proceed with imposing major tariffs on Chinese-made electric vehicles, the EU executive announced on Friday, despite opposition from Germany, the bloc's largest economy, Reuters reported.

Google, Apple lose multibillion dollar court fights with European Union

Luxembourg/IBNS: Apple Inc. has lost its legal battle over a €13 billion ($14.4 billion) Irish tax bill, while Google has lost its challenge against a €2.4 billion fine for abusing its market power, reports Bloomberg.

Chinese EVs hit with duties in biggest European Union trade case yet

Brussels/IBNS: The European Union (EU) will impose tariffs of up to 37.6 percent from Friday on imports of electric vehicles (EVs) manufactured in China, ratcheting up tensions with Beijing in Brussels’ largest trade case yet, Reuters reported, citing EU officials.

Union Cabinet approves MoU signed between India and EU on Semiconductors

New Delhi: The Union Cabinet chaired by Prime Minister Narendra Modi approved a  Memorandum of Understanding (MoU) signed between India and the European Commission on Working Arrangements on Semiconductors Ecosystems, its supply chain and innovation under the framework of EU-India Trade and Technology Council (TTC).

Lithuania opposes electricity price cap

Brussels/UNI: Lithuania supports the introduction of a price cap on Russian gas, but opposes restrictions on electricity prices, as it will harm the country's domestic market, Energy Minister Dainius Kreivys said on Friday.