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US, EU to up Iran sanctions | Iran calls Putin as Israel plans retaliation

Watch the top headlines of the hour: - 'Operation true promise' revealed - Indonesia's Ruang volcano erupts - Dubai: Heavy rains cause flash floods - Morgan Stanley's profit soars - Scholz urges China to use Russia 'influence'

Japan' business sentiment dips | US, EU to up Iran sanctions

The police and authorities in Brussels sparked a political firestorm, on Tuesday (Apr 16) after the officials in the Belgian capital city ordered the shutdown of a controversial gathering of hard-right European politicians which was also to be attended by Hungarian leader Viktor Orban and former British Home Secretary Suella Braverman.&nbsp;

<h2>What happened at the event?</h2>

The gathering of the hard-right nationalist European politicians called the National Conservatism (NatCon) Conference descended into chaos after the Brussels police tried to shut it down over safety concerns.&nbsp;

The controversial event was also to hear from UK politician Nigel Farage, French right-wing candidate Eric Zemmour and former Polish Prime Minister Mateusz Morawiecki over the next two days, but as per Politico was shut down by the police just two hours after it began at the Claridge venue.&nbsp;

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However, the police said that they would only stop new arrivals from entering the venue, but not stop the conference or remove people already inside.

The police arrived at the venue when Farage was addressing the crowd, and as the drama unfolded outside, he continued his speech saying that the decision to cancel the conference was “absolutely outrageous”.&nbsp;

One of the police officers who arrived at the venue of the event that was being held in the capital’s Saint-Josse Ten Noode region told the organisers that the mayor had decided to shut it down and that he had a three-page document outlining the grounds for the closure.&nbsp;

“The authorities decided to shut the event due to possibility of public disorder,” a police officer heard by Politico told one of the organisers.&nbsp;

The law enforcement personnel were ordered by Emir Kir, the mayor of the Saint-Josse Ten Noode, who later took to X and confirmed media reports that he ordered a halt to the event to “guarantee public safety.” He added, “The far right is not welcome.”&nbsp;

According to media reports, NatCon had a hard time securing a venue and had been rejected by two other Brussels venues before they managed to secure Claridge venue. The organisers reportedly said that some 600 attendees were expected to attend the conference.&nbsp;

<h2>‘Unacceptable’</h2>

The move to halt the event garnered criticism from Belgian Prime Minister Alexander De Croo who took to X and called it “unacceptable”.&nbsp;

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“Municipal autonomy is a cornerstone of our democracy but can never overrule the Belgian constitution guaranteeing the freedom of speech and peaceful assembly since 1830. Banning political meetings is unconstitutional. Full stop,” said De Croo.&nbsp;

Meanwhile, UK Prime Minister Rishi Sunak’s spokesperson called reports of police action at NatCon “extremely disturbing,” adding that he is a “strong supporter and advocator for free speech”.&nbsp;

Sunak was “very clear that cancelling events or preventing attendance and no-platforming speakers is damaging to free speech and to democracy as a result,” said his spokesperson.&nbsp;

(With inputs from agencies) 
&nbsp;

The police and authorities in Brussels sparked a political firestorm, on Tuesday (Apr 16) after the officials in the Belgian capital city ordered the shutdown of a controversial gathering of hard-right European politicians which was also to be attended by Hungarian leader Viktor Orban and former British Home Secretary Suella Braverman.

The police and authorities in Brussels sparked a political firestorm, on Tuesday (Apr 16) after the officials in the Belgian capital city ordered the shutdown of a controversial gathering of hard-right European politicians which was also to be attended by Hungarian leader Viktor Orban and former British Home Secretary Suella Braverman. What happened at the event? The gathering of the hard-right nationalist European politicians called the National Conservatism (NatCon) Conference descended into chaos after the Brussels police tried to shut it down over safety concerns. The controversial event was also to hear from UK politician Nigel Farage, French right-wing candidate Eric Zemmour and former Polish Prime Minister Mateusz Morawiecki over the next two days, but as per Politico was shut down by the police just two hours after it began at the Claridge venue. Also Read | Iran willing to exercise restraint, has no intention of escalating situation, Tehran tells Beijing However, the police said that they would only stop new arrivals from entering the venue, but not stop the conference or remove people already inside. The police arrived at the venue when Farage was addressing the crowd, and as the drama unfolded outside, he continued his speech saying that the decision to cancel the conference was “absolutely outrageous”. One of the police officers who arrived at the venue of the event that was being held in the capital’s Saint-Josse Ten Noode region told the organisers that the mayor had decided to shut it down and that he had a three-page document outlining the grounds for the closure. “The authorities decided to shut the event due to possibility of public disorder,” a police officer heard by Politico told one of the organisers. The law enforcement personnel were ordered by Emir Kir, the mayor of the Saint-Josse Ten Noode, who later took to X and confirmed media reports that he ordered a halt to the event to “guarantee public safety.” He added, “The far right is not welcome.” According to media reports, NatCon had a hard time securing a venue and had been rejected by two other Brussels venues before they managed to secure Claridge venue. The organisers reportedly said that some 600 attendees were expected to attend the conference. ‘Unacceptable’ The move to halt the event garnered criticism from Belgian Prime Minister Alexander De Croo who took to X and called it “unacceptable”. Also Read | Vladimir Putin will not be invited to French D-Day anniversary in June “Municipal autonomy is a cornerstone of our democracy but can never overrule the Belgian constitution guaranteeing the freedom of speech and peaceful assembly since 1830. Banning political meetings is unconstitutional. Full stop,” said De Croo. Meanwhile, UK Prime Minister Rishi Sunak’s spokesperson called reports of police action at NatCon “extremely disturbing,” adding that he is a “strong supporter and advocator for free speech”. Sunak was “very clear that cancelling events or preventing attendance and no-platforming speakers is damaging to free speech and to democracy as a result,” said his spokesperson. (With inputs from agencies)

Brussels police shut down right-wing event to be attended by Hungary’s Orban, UK’s Braverman

The European Parliament on Wednesday (Apr 10) adopted the contentious reform of the EU’s asylum and migration rules which hardens border procedures and forces all 27 member countries to take action after nearly a decade of deadlock.&nbsp;

<h2>About EU’s historic pact</h2>

“History made,” said Parliament President Roberta Metsola in a post on X after the passage of all 10 parts of the European Union Asylum and Migration Pact.&nbsp;

The adoption of the new rules comes after nearly a decade of negotiations between member states and has been in the works since 2015.&nbsp;

WATCH |&nbsp;EU lawmakers vote on migration system

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/eu-lawmakers-vote-on-migration-system-new-laws-to-close-all-loopholes-eu-minister-709920/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

According to the European Commission’s website, the pact is based on four main pillars: secure external borders; fast and efficient procedures; an effective system of solidarity and responsibility; and embedding migration in international partnerships.&nbsp;

In line with the new rules, the existing database will be turned into a “a fully-fledged asylum and migration database,” which will not only count applications but also applicants, said the EU.&nbsp;

It would also implement controversial measures like collecting details including facial images, identity data, and copies of identity/travel documents from children as young as six, and people might also get detained during screening.&nbsp;

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Countries would also be allowed to deport those who cannot provide proof that they require protection. However, they will be provided with support for “reintegration into their home countries,” said the EU Commission.&nbsp;

The package, as per the EU officials, also includes measures to protect asylum seekers from abuse and urges countries to ensure adequate living conditions for them, while strengthening safeguards and guarantees and improving integration processes.&nbsp;

In line with the new rules, asylum seekers must apply for international protection in the EU country they first arrive in and stay there until their application is being considered. “The new framework ensures that EU countries will receive the solidarity needed,” says the Commission.&nbsp;

The pact would also embed “migration in international partnerships to prevent irregular departures and loss of life, fight migrant smuggling, reinforce cooperation on readmission and promote legal pathways,” said the EU.&nbsp;

<h2>‘Vote no!’</h2>

The passage of the pact was not without its opposition as the proceedings were briefly interrupted by a small but loud group of protesters who wore shirts marked “this pact kills” and shouted “vote no!” reported the Associated Press.&nbsp;

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The 27 nations of the bloc must now endorse the reform package before it can take effect. The pact has been criticised by anti-immigration, eurosceptic and right-wing parties who say that it is not stringent enough.&nbsp;

On the other hand, many leftists and rights activists have lambasted the pact as a major blow to human rights. The activists have said that the pact would allow for large-scale internment, including of children, and even allow member states to opt out of hosting new arrivals.&nbsp;

Rights groups have also criticised the EU for asking foreign states to handle migrants without what they say would be sufficient rights safeguards.

(With inputs from agencies) 
&nbsp;

The European Parliament on Wednesday (Apr 10) adopted the contentious reform of the EU’s asylum and migration rules which hardens border procedures and forces all 27 member countries to take action after nearly a decade of deadlock.

The European Parliament on Wednesday (Apr 10) adopted the contentious reform of the EU’s asylum and migration rules which hardens border procedures and forces all 27 member countries to take action after nearly a decade of deadlock. About EU’s historic pact “History made,” said Parliament President Roberta Metsola in a post on X after the passage of all 10 parts of the European Union Asylum and Migration Pact. The adoption of the new rules comes after nearly a decade of negotiations between member states and has been in the works since 2015. WATCH | EU lawmakers vote on migration system According to the European Commission’s website, the pact is based on four main pillars: secure external borders; fast and efficient procedures; an effective system of solidarity and responsibility; and embedding migration in international partnerships. In line with the new rules, the existing database will be turned into a “a fully-fledged asylum and migration database,” which will not only count applications but also applicants, said the EU. It would also implement controversial measures like collecting details including facial images, identity data, and copies of identity/travel documents from children as young as six, and people might also get detained during screening. Also Read | Houthis target four vessels, including US warship, in Gulf of Aden Countries would also be allowed to deport those who cannot provide proof that they require protection. However, they will be provided with support for “reintegration into their home countries,” said the EU Commission. The package, as per the EU officials, also includes measures to protect asylum seekers from abuse and urges countries to ensure adequate living conditions for them, while strengthening safeguards and guarantees and improving integration processes. In line with the new rules, asylum seekers must apply for international protection in the EU country they first arrive in and stay there until their application is being considered. “The new framework ensures that EU countries will receive the solidarity needed,” says the Commission. The pact would also embed “migration in international partnerships to prevent irregular departures and loss of life, fight migrant smuggling, reinforce cooperation on readmission and promote legal pathways,” said the EU. ‘Vote no!’ The passage of the pact was not without its opposition as the proceedings were briefly interrupted by a small but loud group of protesters who wore shirts marked “this pact kills” and shouted “vote no!” reported the Associated Press. Also Read | Are Elon Musk’s Starlink terminals helping Russia in war against Ukraine? The 27 nations of the bloc must now endorse the reform package before it can take effect. The pact has been criticised by anti-immigration, eurosceptic and right-wing parties who say that it is not stringent enough. On the other hand, many leftists and rights activists have lambasted the pact as a major blow to human rights. The activists have said that the pact would allow for large-scale internment, including of children, and even allow member states to opt out of hosting new arrivals. Rights groups have also criticised the EU for asking foreign states to handle migrants without what they say would be sufficient rights safeguards. (With inputs from agencies)

European Union votes in favour of migration rules overhaul after nearly a decade of deadlock

European lawmakers on Wednesday (April 10) approved a revamped migration system that the pro-EU political centre promises would reduce irregular arrivals as it seeks to stem gains by the far right ahead of the bloc's parliamentary election in June.

EU parliament approves migration system revamp ahead of bloc's election

A new study by the European Union Agency for Fundamental Rights (FRA) has highlighted that racist policing is under-reported in the European Union. Watch to know more.

Racist policing massively under-reported in the European Union: Report

The EU Agency for Fundamental Rights finds widespread racism in European policing, with ethnic minorities experiencing profiling, violence, and discrimination. Watch in for more details!

EU study finds widespread racist policing practices

The European Parliament is set to vote on a package of new laws also known as the new pact on migration and Asylum. The main aim of the vote is to revisit its migration policy. Watch in for more details!

EU lawmakers vote on migration system | New laws to close all loopholes: EU Minister

EU lawmakers will vote Wednesday on a vast overhaul of the bloc's asylum policies that would harden border procedures for irregular arrivals and require all member countries to pitch in. Watch in for more details!

EU parliament nears final vote on landmark asylum reform

WhatsApp has committed to comply with European Union data transparency requirements. The decision follows complaints from consumer groups across Europe that the business did not clarify its privacy policy modifications last year.

WhatsApp agrees to EU transparency regulations for data

The elections for the European Parliament take place 6-9 June 2024. It is the only directly elected institution of the European Union. Now, Gaza war has also joined the list of issues on ballot. Watch in for more details!

Gaza war joins the list of issues on European parliament's ballot

According to reports Japan and the European Union have agreed to begin discussions on collaborating for Advanced Materials in Next Generation chips and batteries. Watch in for more details!

Japan, EU in discussions over chips & EV batteries

The European Union is set to elect its new Parliament this June. The 27 nation block is witnessing tough challenges amid issues like war, migration, economic hurdles and furious farmers. Watch in for more details!

EU parliament braces for far-right surge; Meloni-Le Pen rift out in the open

Some 20 members of the European Union asked Brussels to scale back and possibly suspend the bloc's anti-deforestation law on Tuesday, saying the policy would harm farmers, in the latest blowback against Europe's environmental agenda.

The EU law aims to root deforestation out of supply chains for beef, soy and other agricultural products sold in Europe, so that European consumers are not contributing to the destruction of global forests from the Amazon to Southeast Asia.

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Those rules equally apply to European farmers, who will be banned from exporting products cultivated on deforested or degraded woodlands.

Agriculture ministers from 20 of the EU's 27 member countries supported a call by Austria to revise the law, at a meeting in Brussels on Tuesday, Austria's agriculture minister Norbert Totschnig said.

"We now urge the Commission for a temporary suspension of the regulation allowing for a feasible implementation accompanied by a revision of the regulation," Totschnig said in a statement.

Three EU officials confirmed to Reuters around 20 countries had backed the call in the closed-door meeting, with France, Italy, Poland and Sweden among the supporters.

EU leaders have watered down numerous environmental measures in an attempt to quell months of protests by angry farmers over issues including EU green policies and cheap imports.

A European Commission spokesperson did not immediately respond to questions on whether Brussels will now revise the law.

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Austria's demands include that the burden for certifying products as deforestation-free should be "drastically reduced" within the EU and that the Dec. 30 deadline for countries to start complying with the law should be delayed.

EU environment commissioner Virginijus Sinkevicius had on Monday questioned why countries had raised concerns about the policy a few months before EU Parliament elections in June, when they had spent years negotiating the deforestation law and approved it last year.

"Of course, we will listen to the arguments, but I honestly don't see any issues," Sinkevicius told a news conference.

Farmers staged more protests in Brussels on Tuesday to coincide with the agriculture minister's meeting, jamming the EU district with about 250 tractors and dropping sugar beets and hay on to the streets.

Some 20 members of the European Union asked Brussels to scale back and possibly suspend the bloc's anti-deforestation law on Tuesday, saying the policy would harm farmers, in the latest blowback against Europe's environmental agenda.

Some 20 members of the European Union asked Brussels to scale back and possibly suspend the bloc's anti-deforestation law on Tuesday, saying the policy would harm farmers, in the latest blowback against Europe's environmental agenda. The EU law aims to root deforestation out of supply chains for beef, soy and other agricultural products sold in Europe, so that European consumers are not contributing to the destruction of global forests from the Amazon to Southeast Asia. Also read: Human brains getting larger in size, and this may be good news for some Those rules equally apply to European farmers, who will be banned from exporting products cultivated on deforested or degraded woodlands. Agriculture ministers from 20 of the EU's 27 member countries supported a call by Austria to revise the law, at a meeting in Brussels on Tuesday, Austria's agriculture minister Norbert Totschnig said. "We now urge the Commission for a temporary suspension of the regulation allowing for a feasible implementation accompanied by a revision of the regulation," Totschnig said in a statement. Three EU officials confirmed to Reuters around 20 countries had backed the call in the closed-door meeting, with France, Italy, Poland and Sweden among the supporters. EU leaders have watered down numerous environmental measures in an attempt to quell months of protests by angry farmers over issues including EU green policies and cheap imports. A European Commission spokesperson did not immediately respond to questions on whether Brussels will now revise the law. Also read: Viagra intake decreases Alzheimer’s risk by more than 50 per cent: Study Austria's demands include that the burden for certifying products as deforestation-free should be "drastically reduced" within the EU and that the Dec. 30 deadline for countries to start complying with the law should be delayed. EU environment commissioner Virginijus Sinkevicius had on Monday questioned why countries had raised concerns about the policy a few months before EU Parliament elections in June, when they had spent years negotiating the deforestation law and approved it last year. "Of course, we will listen to the arguments, but I honestly don't see any issues," Sinkevicius told a news conference. Farmers staged more protests in Brussels on Tuesday to coincide with the agriculture minister's meeting, jamming the EU district with about 250 tractors and dropping sugar beets and hay on to the streets.

Majority of EU countries ask bloc to scale back deforestation law

The European Union has launched investigations into Apple, Meta, and Google as a part of its first investigations into “non-compliance” with the 27-nation bloc’s new Digital Markets Act (DMA), which could lead to hefty fines for the companies.&nbsp;

<h2>About the new law</h2>

The probes will be conducted after a sweeping new digital competition law came into effect on March 7. The law has sought to prevent big tech companies, including those in the United States, from cornering digital markets, while making it easier for users to move between competing online services, like social media platforms and browsers.

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“We are not convinced that the solutions by Alphabet (Google’s parent company), Apple and Meta respect their obligations for a fairer and more open digital space for European citizens and businesses,” said EU’s internal market commissioner, Thierry Breton.

The violation of the law could lead the European Commission, the bloc’s executive arm, to impose fines of up to 10 per cent of a company’s total global turnover and raise it to 20 per cent for repeat offenders.

<h2>EU probe</h2>

The EU probe comes after the tech companies assured that they have deployed thousands of engineers to meet a DMA requirement of six “gatekeepers” to give users and rivals more choices.

However, the EU regulators are not convinced. Margrethe Vestager, EU antitrust chief, said that they believe that the three companies are not fully complying with the solutions that they proposed last week.

The EU officials, on Monday (Mar 25), were also asked if they were rushing the process just two weeks after the law was enacted, to which Breton said the investigations should not be a surprise.&nbsp;

“The law is the law. We can’t just sit around and wait,” he said, as quoted by Reuters.&nbsp;

<h2>Why these three companies?</h2>

The EU officials have raised concerns about constraints the tech companies place on the developers’ ability to communicate and promote their offers to the users.&nbsp;

Also Read |&nbsp;<a href="https://www.wionews.com/business-economy/boeing-ceo-dave-calhoun-to-step-down-704093">Boeing CEO Dave Calhoun to step down amid aircraft safety issues crisis</a>

The bloc’s executive arm will also check the changes Google made to its search results in Europe since, as per the new rule, it cannot give its own service preference over similar services offered by rivals.&nbsp;

It will also check if Apple is imposing limitations that hinder app developers from informing users about alternatives outside its own App Store that may be free of charge.

Meanwhile, Breton said Meta should offer free alternative options. This comes after the Instagram and Facebook parent company introduced a no-ads subscription service in Europe&nbsp;last year&nbsp;which triggered criticism from rivals and users.&nbsp;

(With inputs from agencies)

The European Union has launched investigations into Apple, Meta, and Google as a part of its first investigations into “non-compliance” with the 27-nation bloc’s new Digital Markets Act (DMA), which could lead to hefty fines for the companies.

The European Union has launched investigations into Apple, Meta, and Google as a part of its first investigations into “non-compliance” with the 27-nation bloc’s new Digital Markets Act (DMA), which could lead to hefty fines for the companies. About the new law The probes will be conducted after a sweeping new digital competition law came into effect on March 7. The law has sought to prevent big tech companies, including those in the United States, from cornering digital markets, while making it easier for users to move between competing online services, like social media platforms and browsers. Also Read | France launches several anti-drug raids across country in major crackdown ahead of elections “We are not convinced that the solutions by Alphabet (Google’s parent company), Apple and Meta respect their obligations for a fairer and more open digital space for European citizens and businesses,” said EU’s internal market commissioner, Thierry Breton. The violation of the law could lead the European Commission, the bloc’s executive arm, to impose fines of up to 10 per cent of a company’s total global turnover and raise it to 20 per cent for repeat offenders. EU probe The EU probe comes after the tech companies assured that they have deployed thousands of engineers to meet a DMA requirement of six “gatekeepers” to give users and rivals more choices. However, the EU regulators are not convinced. Margrethe Vestager, EU antitrust chief, said that they believe that the three companies are not fully complying with the solutions that they proposed last week. The EU officials, on Monday (Mar 25), were also asked if they were rushing the process just two weeks after the law was enacted, to which Breton said the investigations should not be a surprise. “The law is the law. We can’t just sit around and wait,” he said, as quoted by Reuters. Why these three companies? The EU officials have raised concerns about constraints the tech companies place on the developers’ ability to communicate and promote their offers to the users. Also Read | Boeing CEO Dave Calhoun to step down amid aircraft safety issues crisis The bloc’s executive arm will also check the changes Google made to its search results in Europe since, as per the new rule, it cannot give its own service preference over similar services offered by rivals. It will also check if Apple is imposing limitations that hinder app developers from informing users about alternatives outside its own App Store that may be free of charge. Meanwhile, Breton said Meta should offer free alternative options. This comes after the Instagram and Facebook parent company introduced a no-ads subscription service in Europe last year which triggered criticism from rivals and users. (With inputs from agencies)

Apple, Google, Meta probed under EU’s new Digital Markets Act

The European union's flagship program to repair damaged nature is now in jeopardy. A vote to approve the legislation on Monday was cancelled because Hungary withdrew its support for the measure. This split over nature policy comes as the latest blow to EU's green agenda.

EU split over nature law, latest blow to green agenda

The Kremlin has issued a strong warning to the European Union on its proposal to freeze Russian Financial assets to assist Ukraine in its war effort. Moscow said the EU continuing with its plans will have 'catastrophic' consequences.

Russia-Ukraine war | Why did Russia address 'war' as 'special operation'?

At the European Union Summit, leaders have agreed in principle to a significant proposal: Leverage profits from frozen Russian assets worth $3 billion to supply arms for ukraine amid Moscow's ongoing invasion.

EU leaders discuss arming Ukraine with frozen Russian assets

Europe looks to Japan for defence pact amid ‘worrying shift’ in regional dynamic. Agreement being discussed could potentially include cooperation on naval exercises, intelligence sharing and responses to cyber threats.

EU, Japan sign defence deal

EU imports from Xinjiang have gone up over 200%. Poland, Belgium and the Netherlands are among the biggest buyers from Xinjiang, with most of these countries importing Lithium-ion battries, tomato paste. What happened to Europe's sermons on human rights? What happened to calling out China for genocide?

Gravitas: EU imports from Xinjiang rise 200%, a classic case of European hypocrisy?

Leaders from pro-nuclear European countries and energy experts are set to call for a nuclear energy revival on Thursday (March 21) at a summit in Brussels, seeking to rebuild the European industry after years of gradual decline.

Nuclear Energy Summit: Why are EU leaders calling for nuclear industry revival?

The European Union's imports from the Chinese region of XinJiang surged in the first two months of this year and this comes even as the block move to finalize two laws aimed at tackling human rights complaints there. Watch the video to know more!

Chinese imports to EU surge by 200%, total value of imports to EU nations amounts to $312 mn

Polish farmers blocked roads with tractors and flares on Wednesday in escalating protests against EU environmental regulations and cheap food imports from neighbouring Ukraine which the bloc provisionally agreed to prolong.

Placards depicted a farmer swinging from the gallows next to wind farms and an EU-emblazoned executioner with the words: "Green Deal equals death of Polish agriculture", referring to the bloc's plan to tackle climate change.

Farmers in Poland and elsewhere in the bloc have been protesting in recent months to demand the re-imposition of customs duties on agricultural imports from Ukraine that were waived after Russia's invasion in 2022.

They say Ukraine's farmers are flooding Europe with cheap imports that leave them unable to compete.

With hundreds of protests planned, Reuters footage from Zakret, east of Warsaw, showed farmers blocking ways into the capital. Tractors lined roads mounted with Polish flags while red flares were set off.

"We demand the withdrawal of the 'Green Deal' as a whole, we demand the withdrawal of the 'Fit for 55' (EU climate plan), the limits on all emissions, all the bans and orders," said protest organiser Lukasz Komorowski, speaking to fellow rallying farmers at the Zakret blockade.

QUOTA CONTROVERSY

On Wednesday, the EU reached provisional agreement to extend Ukrainian food producers' tariff-free access to its markets until June 2025 - albeit with new limits on grain imports.

Polish protest leaders said they were not happy with the latest deal as it included the last few years as a reference for import limits. They want quotas based on figures from well before the war in Ukraine began, when imports were much lower.

"We demand quotas and that they be calculated for the period from 2000, and not as Ukraine wants 2022-2023, because that was when the (import) levels were the highest. This does not fully satisfy us, because it is not a good solution," Slawomir Izdebski, leader of the OPZZ farmers' union, told Reuters.

Polish police said they knew of more than 580 protests planned for Wednesday, with an estimated participation of 70,000 people.

Last Friday, the European Commission also offered concessions to farmers as it proposed an easing of rules on leaving land fallow or rotating crops.

Farmers in the Czech Republic held similar protests.

They drove an estimated 1,600 tractors and other agricultural machinery onto the streets, Barbora Pankova, a spokesperson for the Czech Agrarian Chamber, told Czech Television.

Polish farmers blocked roads with tractors and flares on Wednesday in escalating protests against EU environmental regulations and cheap food imports from neighbouring Ukraine which the bloc provisionally agreed to prolong.

Polish farmers blocked roads with tractors and flares on Wednesday in escalating protests against EU environmental regulations and cheap food imports from neighbouring Ukraine which the bloc provisionally agreed to prolong. Placards depicted a farmer swinging from the gallows next to wind farms and an EU-emblazoned executioner with the words: "Green Deal equals death of Polish agriculture", referring to the bloc's plan to tackle climate change. Farmers in Poland and elsewhere in the bloc have been protesting in recent months to demand the re-imposition of customs duties on agricultural imports from Ukraine that were waived after Russia's invasion in 2022. They say Ukraine's farmers are flooding Europe with cheap imports that leave them unable to compete. With hundreds of protests planned, Reuters footage from Zakret, east of Warsaw, showed farmers blocking ways into the capital. Tractors lined roads mounted with Polish flags while red flares were set off. "We demand the withdrawal of the 'Green Deal' as a whole, we demand the withdrawal of the 'Fit for 55' (EU climate plan), the limits on all emissions, all the bans and orders," said protest organiser Lukasz Komorowski, speaking to fellow rallying farmers at the Zakret blockade. QUOTA CONTROVERSY On Wednesday, the EU reached provisional agreement to extend Ukrainian food producers' tariff-free access to its markets until June 2025 - albeit with new limits on grain imports. Polish protest leaders said they were not happy with the latest deal as it included the last few years as a reference for import limits. They want quotas based on figures from well before the war in Ukraine began, when imports were much lower. "We demand quotas and that they be calculated for the period from 2000, and not as Ukraine wants 2022-2023, because that was when the (import) levels were the highest. This does not fully satisfy us, because it is not a good solution," Slawomir Izdebski, leader of the OPZZ farmers' union, told Reuters. Polish police said they knew of more than 580 protests planned for Wednesday, with an estimated participation of 70,000 people. Last Friday, the European Commission also offered concessions to farmers as it proposed an easing of rules on leaving land fallow or rotating crops. Farmers in the Czech Republic held similar protests. They drove an estimated 1,600 tractors and other agricultural machinery onto the streets, Barbora Pankova, a spokesperson for the Czech Agrarian Chamber, told Czech Television.

Polish farmers intensify protests against 'executioner' EU, demand re-imposition of customs duties

Alphabet’s Google was fined 250 million euros ($272 million) for violations related to European Union intellectual property rules by the French competition watchdog, on Wednesday (Mar 20). The breaches are linked to a 2022 agreement about paying media companies to reproduce their content online and use it for their AI-powered chatbot.&nbsp;

<h2>About the fine</h2>

According to the French competition watchdog, Google’s AI-powered chatbot Bard – rebranded as Gemini – has been trained using content from publishers and news agencies, without notifying them.&nbsp;

This comes after the EU, in 2019, following accusations that Google and other tech giants made billions from news without sharing the revenue with those who gathered it, introduced a form of copyright called “neighbouring rights”.&nbsp;

Also Read |&nbsp;<a href="https://www.wionews.com/india-news/indias-antitrust-body-launches-probe-into-googles-in-app-billing-system-700602">India's antitrust body launches probe into Google's in-app billing system</a>

The measure allows news organisations to demand compensation from tech giants after writers and publishers sought to limit the automatic collection of data by AI of their content online without their consent for fair compensation.

The fine comes after organisations, representing French magazines and newspapers, including the news agency AFP filed complaints against the United States-based tech giant with the France’s Competition Authority in 2019.&nbsp;

<h2>What does Google plan to do?</h2>

The French watchdog, in a statement, said that Google pledged not to contest the facts as part of settlement proceedings and also proposed a series of measures to remedy some of the shortcomings.&nbsp;

In 2022, the dispute seemed to have been solved after the authority accepted commitments from Google to negotiate with the news organisations and the US tech giant dropped its appeal against an initial 500 million euro fine.&nbsp;

However, the Autorité de la Concurrence (French competition authority), on Wednesday said that Google violated four out of the seven terms agreed upon two years ago, which included conducting negotiations with the publishers in “good faith.”&nbsp;

Also Read |&nbsp;<a href="https://www.wionews.com/technology/google-to-shell-out-350-million-to-settle-data-privacy-lawsuit-687634">Google to shell out $350 million to settle data privacy lawsuit</a>

The watchdog said that Google used content from press agencies to train its Bard chatbot, launched in 2023, without the company informing them or the regulator.

According to the French regulators, the tech giant also failed to provide a technical solution to publishers and news agencies that allowed them to object to the use of their content and “linked the use of the content concerned by its artificial intelligence service to the display of protected content.”&nbsp;

This, according to the watchdog,&nbsp;hindered the ability of publishers and news agencies to negotiate remuneration with Google, which&nbsp;violated the 2022 agreement.&nbsp;

(With inputs from agencies)&nbsp; 
&nbsp;

Alphabet’s Google was fined 250 million euros ($272 million) for violations related to European Union intellectual property rules by the French competition watchdog, on Wednesday (Mar 20).

Alphabet’s Google was fined 250 million euros ($272 million) for violations related to European Union intellectual property rules by the French competition watchdog, on Wednesday (Mar 20). The breaches are linked to a 2022 agreement about paying media companies to reproduce their content online and use it for their AI-powered chatbot. About the fine According to the French competition watchdog, Google’s AI-powered chatbot Bard – rebranded as Gemini – has been trained using content from publishers and news agencies, without notifying them. This comes after the EU, in 2019, following accusations that Google and other tech giants made billions from news without sharing the revenue with those who gathered it, introduced a form of copyright called “neighbouring rights”. Also Read | India's antitrust body launches probe into Google's in-app billing system The measure allows news organisations to demand compensation from tech giants after writers and publishers sought to limit the automatic collection of data by AI of their content online without their consent for fair compensation. The fine comes after organisations, representing French magazines and newspapers, including the news agency AFP filed complaints against the United States-based tech giant with the France’s Competition Authority in 2019. What does Google plan to do? The French watchdog, in a statement, said that Google pledged not to contest the facts as part of settlement proceedings and also proposed a series of measures to remedy some of the shortcomings. In 2022, the dispute seemed to have been solved after the authority accepted commitments from Google to negotiate with the news organisations and the US tech giant dropped its appeal against an initial 500 million euro fine. However, the Autorité de la Concurrence (French competition authority), on Wednesday said that Google violated four out of the seven terms agreed upon two years ago, which included conducting negotiations with the publishers in “good faith.” Also Read | Google to shell out $350 million to settle data privacy lawsuit The watchdog said that Google used content from press agencies to train its Bard chatbot, launched in 2023, without the company informing them or the regulator. According to the French regulators, the tech giant also failed to provide a technical solution to publishers and news agencies that allowed them to object to the use of their content and “linked the use of the content concerned by its artificial intelligence service to the display of protected content.” This, according to the watchdog, hindered the ability of publishers and news agencies to negotiate remuneration with Google, which violated the 2022 agreement. (With inputs from agencies)

French competition authority hits Google with $272 million fine for copyright breaches

Margrethe Vestager, the European Union's antitrust chief, issued warnings to tech giants Apple and Meta Platforms regarding their new fee structures and practices that may undermine competition and consumer choice. <o:p></o:p>

Vestager's remarks come as both companies face scrutiny over their compliance with the Digital Markets Act (DMA), aimed at fostering fair competition in the digital ecosystem. <o:p></o:p>

Apple's recent announcement of a new fee structure, including a core technology fee of 50 euro cents per user account per year, has drawn attention from Vestager. <o:p></o:p>

Despite Apple's efforts to comply with EU tech legislation by opening up its closed ecosystem to rivals, concerns have been raised, particularly by major app developers such as Epic Games, regarding the impact of these fees on competition. <o:p></o:p>

Vestager emphasized the need to investigate whether Apple's fee structure hinders the objectives of the DMA, limiting users' ability to benefit from increased choice.<o:p></o:p>

In an interview with Reuters, Vestager expressed reservations about Meta's new subscription fees for Facebook and Instagram. <o:p></o:p>

While Meta has proposed reducing its monthly subscription fee, concerns persist regarding the implications for competition and consumer welfare. <o:p></o:p>

Vestager stressed the importance of engaging in dialogue with Meta to ensure compliance with the DMA and to explore alternative monetisation methods that do not impede competition. <o:p></o:p>

The Austrian privacy activist Max Schrems highlighted broader concerns beyond the fee levels, emphasising the significance of contextual advertising as an alternative revenue model.<o:p></o:p>

Vestager also cautioned against companies disparaging rivals in a manner that could discourage users from switching platforms. <o:p></o:p>

She warned that such behaviour could trigger antitrust investigations, highlighting&nbsp;the need for fair competition and market openness. <o:p></o:p>

Apple's assertion regarding security risks associated with changes has drawn scrutiny, with Vestager emphasising that the DMA primarily focuses on promoting competition rather than addressing security concerns. <o:p></o:p>

Feedback from developers will play a crucial role in determining whether investigations into potential DMA violations will be initiated against the six companies subject to scrutiny.<o:p></o:p>

(With inputs from Reuters)<o:p></o:p>

Margrethe Vestager, the European Union's antitrust chief, issued warnings to tech giants Apple and Meta Platforms regarding their new fee structures and practices that may undermine competition and consumer choice.

Margrethe Vestager, the European Union's antitrust chief, issued warnings to tech giants Apple and Meta Platforms regarding their new fee structures and practices that may undermine competition and consumer choice. Vestager's remarks come as both companies face scrutiny over their compliance with the Digital Markets Act (DMA), aimed at fostering fair competition in the digital ecosystem. Apple's recent announcement of a new fee structure, including a core technology fee of 50 euro cents per user account per year, has drawn attention from Vestager. Despite Apple's efforts to comply with EU tech legislation by opening up its closed ecosystem to rivals, concerns have been raised, particularly by major app developers such as Epic Games, regarding the impact of these fees on competition. Vestager emphasized the need to investigate whether Apple's fee structure hinders the objectives of the DMA, limiting users' ability to benefit from increased choice. In an interview with Reuters, Vestager expressed reservations about Meta's new subscription fees for Facebook and Instagram. While Meta has proposed reducing its monthly subscription fee, concerns persist regarding the implications for competition and consumer welfare. Vestager stressed the importance of engaging in dialogue with Meta to ensure compliance with the DMA and to explore alternative monetisation methods that do not impede competition. The Austrian privacy activist Max Schrems highlighted broader concerns beyond the fee levels, emphasising the significance of contextual advertising as an alternative revenue model. Vestager also cautioned against companies disparaging rivals in a manner that could discourage users from switching platforms. She warned that such behaviour could trigger antitrust investigations, highlighting the need for fair competition and market openness. Apple's assertion regarding security risks associated with changes has drawn scrutiny, with Vestager emphasising that the DMA primarily focuses on promoting competition rather than addressing security concerns. Feedback from developers will play a crucial role in determining whether investigations into potential DMA violations will be initiated against the six companies subject to scrutiny. (With inputs from Reuters)

EU antitrust chief warns Apple, Meta over fees and disparagement of rivals

The European Union and the Philippines have announced the resumption of free trade agreement negotiations. This comes after a seven-year hiatus caused by concerns over human rights under the previous Philippine administration.

EU-Philippines trade talks resume after 7-year hiatus

Following a seven-year hiatus, the European Union (EU) and the Philippines have announced the revival of their free trade negotiations, signalling a renewed effort to bolster economic ties between the two regions. <o:p></o:p>

According to Bloomberg, the announcement, made by Manila’s Department of Trade and Industry, comes as both parties express optimism about the prospects of deepening their trade relations. <o:p></o:p>

The resumption of talks marks a significant development following a pause in negotiations in 2017, coinciding with concerns raised by the EU regarding human rights issues during the presidency of Rodrigo Duterte.<o:p></o:p>

European Commission Executive Vice President and Trade Commissioner, Valdis Dombrovskis, emphasised the opportune moment for advancing trade relations.<o:p></o:p>

&nbsp;"The conditions are right to take our trade relations to the next level," Bloomberg quoted him as saying. <o:p></o:p>

Dombrovskis further highlighted the importance of addressing long-standing concerns related to human rights and labour rights, indicating a multifaceted approach towards fostering a comprehensive trade agreement. <o:p></o:p>

Despite the previous hiatus, both sides appear committed to exploring avenues for mutual cooperation and economic growth.<o:p></o:p>

The trade talks, which commenced in 2015 before being halted in 2017, are poised to reignite momentum in bilateral trade between the EU and the Philippines. <o:p></o:p>

In 2023, the EU emerged as the Philippines' fifth-largest trading partner, with total trade valued at $16.16 billion, according to data from Manila’s trade department. <o:p></o:p>

The impending trade deal aims to facilitate mutual market access, fostering a conducive environment for diversifying supply chains and expanding opportunities for professionals and service providers in both regions. <o:p></o:p>

With the goal of achieving an ambitious, balanced, and comprehensive Free Trade Agreement (FTA), Philippine Trade Secretary Alfredo Pascual expressed optimism about the prospects of closer economic integration with the EU.<o:p></o:p>

The envisioned free trade agreement holds the potential to unlock new avenues for economic growth and development for both the EU and the Philippines. <o:p></o:p>

As negotiations resume, stakeholders anticipate fruitful discussions aimed at addressing trade barriers and enhancing cooperation in various sectors. <o:p></o:p>

The revival of talks is indicative of a mutual commitment to harnessing the benefits of free trade while addressing pertinent issues such as human rights and labour standards. <o:p></o:p>

(With inputs from Bloomberg)<o:p></o:p>

Following a seven-year hiatus, the European Union (EU) and the Philippines have announced the revival of their free trade negotiations, signalling a renewed effort to bolster economic ties between the two regions.

Following a seven-year hiatus, the European Union (EU) and the Philippines have announced the revival of their free trade negotiations, signalling a renewed effort to bolster economic ties between the two regions. According to Bloomberg, the announcement, made by Manila’s Department of Trade and Industry, comes as both parties express optimism about the prospects of deepening their trade relations. The resumption of talks marks a significant development following a pause in negotiations in 2017, coinciding with concerns raised by the EU regarding human rights issues during the presidency of Rodrigo Duterte. European Commission Executive Vice President and Trade Commissioner, Valdis Dombrovskis, emphasised the opportune moment for advancing trade relations. "The conditions are right to take our trade relations to the next level," Bloomberg quoted him as saying. Dombrovskis further highlighted the importance of addressing long-standing concerns related to human rights and labour rights, indicating a multifaceted approach towards fostering a comprehensive trade agreement. Despite the previous hiatus, both sides appear committed to exploring avenues for mutual cooperation and economic growth. The trade talks, which commenced in 2015 before being halted in 2017, are poised to reignite momentum in bilateral trade between the EU and the Philippines. In 2023, the EU emerged as the Philippines' fifth-largest trading partner, with total trade valued at $16.16 billion, according to data from Manila’s trade department. The impending trade deal aims to facilitate mutual market access, fostering a conducive environment for diversifying supply chains and expanding opportunities for professionals and service providers in both regions. With the goal of achieving an ambitious, balanced, and comprehensive Free Trade Agreement (FTA), Philippine Trade Secretary Alfredo Pascual expressed optimism about the prospects of closer economic integration with the EU. The envisioned free trade agreement holds the potential to unlock new avenues for economic growth and development for both the EU and the Philippines. As negotiations resume, stakeholders anticipate fruitful discussions aimed at addressing trade barriers and enhancing cooperation in various sectors. The revival of talks is indicative of a mutual commitment to harnessing the benefits of free trade while addressing pertinent issues such as human rights and labour standards. (With inputs from Bloomberg)

EU and Philippines rekindle free trade negotiations after seven-year hiatus

The European Union (EU) has announced an aid package of €7.4 billion ($8.06 billion) for Egypt, aiming to strengthen the country's economy and enhance cooperation to address challenges surrounding migration.<o:p></o:p>

This announcement, made amidst mounting concerns over migration pressures, comes as part of a broader strategy to fortify Egypt's borders and stabilise the region. <o:p></o:p>

According to reports, the agreement was signed in Cairo on Sunday afternoon in the presence of Egyptian President Abdel Fattah el-Sissi, President Ursula von der Leyen of the European Commission, and the leaders of Belgium, Italy, Austria, Cyprus, and Greece. <o:p></o:p>

Prior to the signing ceremony that took place on Sunday afternoon, El-Sissi had separate meetings with von der Leyen and other European leaders.<o:p></o:p>

The deal, although criticised by rights groups for Egypt's human rights record, signifies a deepening of ties between the EU and Egypt, elevating their relationship to a strategic partnership.<o:p></o:p>

Strengthening Ties: The aid package breakdown<o:p></o:p>

The aid package, which includes both grants and loans spanning the next three years, is designed to provide crucial financial assistance to Egypt. <o:p></o:p>

According to a report by Al Jazeera, a summary of the plan published by the EU outlines €5 billion ($5.45 billion) in concessional loans, €1.8 billion ($1.96 billion) in investments, and an additional €600 million ($654 million) in grants, with a portion specifically allocated for managing migration issues. <o:p></o:p>

Strategic Partnership: EU-Egypt collaboration<o:p></o:p>

The EU's mission in Cairo highlighted the elevation of cooperation between the EU and Egypt to a "strategic and comprehensive partnership." <o:p></o:p>

This designation paves the way for expanded collaboration across various economic and non-economic sectors. <o:p></o:p>

The Joint Declaration, signed as part of the agreement, highlights mutual goals such as promoting democracy, fundamental freedoms, human rights, and gender equality. <o:p></o:p>

Additionally, both parties commit to intensifying efforts to address challenges surrounding migration and terrorism.<o:p></o:p>

Addressing Migration Challenges: Border security and regional stability<o:p></o:p>

A significant aspect of the aid package involves supporting Egypt in fortifying its borders, particularly with Libya, a key transit point for migrants fleeing poverty and conflict in Africa and West Asia.<o:p></o:p>

With concerns rising over potential migration pressures stemming from conflicts in neighbouring countries, the EU's assistance aims to enhance Egypt's capacity to manage migration flows effectively. <o:p></o:p>

Moreover, the deal acknowledges Egypt's role in hosting Sudanese refugees, providing support for those who have fled ongoing conflicts in Sudan.<o:p></o:p>

Human Rights Concerns: Criticism and calls for accountability<o:p></o:p>

Despite the economic benefits outlined in the aid package, the deal has faced criticism from international rights groups over Egypt's human rights record. <o:p></o:p>

Organisations such as Amnesty International have urged European leaders to ensure that the Egyptian authorities adhere to clear benchmarks for human rights. <o:p></o:p>

Concerns have been raised regarding restrictions on media and freedom of expression, as well as a crackdown on civil society within Egypt. <o:p></o:p>

While the EU emphasises its commitment to promoting democracy and freedoms, the agreement's focus on migration curbs has drawn scrutiny for potentially overlooking human rights abuses.<o:p></o:p>

The European Union (EU) has announced an aid package of €7.4 billion ($8.06 billion) for Egypt, aiming to strengthen the country's economy and enhance cooperation to address challenges surrounding migration.

The European Union (EU) has announced an aid package of €7.4 billion ($8.06 billion) for Egypt, aiming to strengthen the country's economy and enhance cooperation to address challenges surrounding migration. This announcement, made amidst mounting concerns over migration pressures, comes as part of a broader strategy to fortify Egypt's borders and stabilise the region. According to reports, the agreement was signed in Cairo on Sunday afternoon in the presence of Egyptian President Abdel Fattah el-Sissi, President Ursula von der Leyen of the European Commission, and the leaders of Belgium, Italy, Austria, Cyprus, and Greece. Prior to the signing ceremony that took place on Sunday afternoon, El-Sissi had separate meetings with von der Leyen and other European leaders. The deal, although criticised by rights groups for Egypt's human rights record, signifies a deepening of ties between the EU and Egypt, elevating their relationship to a strategic partnership. Strengthening Ties: The aid package breakdown The aid package, which includes both grants and loans spanning the next three years, is designed to provide crucial financial assistance to Egypt. According to a report by Al Jazeera, a summary of the plan published by the EU outlines €5 billion ($5.45 billion) in concessional loans, €1.8 billion ($1.96 billion) in investments, and an additional €600 million ($654 million) in grants, with a portion specifically allocated for managing migration issues. Strategic Partnership: EU-Egypt collaboration The EU's mission in Cairo highlighted the elevation of cooperation between the EU and Egypt to a "strategic and comprehensive partnership." This designation paves the way for expanded collaboration across various economic and non-economic sectors. The Joint Declaration, signed as part of the agreement, highlights mutual goals such as promoting democracy, fundamental freedoms, human rights, and gender equality. Additionally, both parties commit to intensifying efforts to address challenges surrounding migration and terrorism. Addressing Migration Challenges: Border security and regional stability A significant aspect of the aid package involves supporting Egypt in fortifying its borders, particularly with Libya, a key transit point for migrants fleeing poverty and conflict in Africa and West Asia. With concerns rising over potential migration pressures stemming from conflicts in neighbouring countries, the EU's assistance aims to enhance Egypt's capacity to manage migration flows effectively. Moreover, the deal acknowledges Egypt's role in hosting Sudanese refugees, providing support for those who have fled ongoing conflicts in Sudan. Human Rights Concerns: Criticism and calls for accountability Despite the economic benefits outlined in the aid package, the deal has faced criticism from international rights groups over Egypt's human rights record. Organisations such as Amnesty International have urged European leaders to ensure that the Egyptian authorities adhere to clear benchmarks for human rights. Concerns have been raised regarding restrictions on media and freedom of expression, as well as a crackdown on civil society within Egypt. While the EU emphasises its commitment to promoting democracy and freedoms, the agreement's focus on migration curbs has drawn scrutiny for potentially overlooking human rights abuses.

EU unveils $8 bn aid package for Egypt amid looming concerns over migration

<o:p></o:p>

WION's Business Desk brings you this daily round up of global stories from the world of business and economy.&nbsp;<o:p></o:p>

EU unveils $8 bn aid package for Egypt amid looming concerns over migration<o:p></o:p>

The European Union (EU) has announced an aid package of €7.4 billion ($8.06 billion) for Egypt, aiming to strengthen the country's economy and enhance cooperation to address challenges surrounding migration.<o:p></o:p>

<a href="https://www.wionews.com/business-economy/eu-unveils-8-bn-aid-package-for-egypt-amid-looming-concerns-over-migration-701304">Read more here</a><o:p></o:p>

Uber agrees to pay $178 million settlement to Australian taxi drivers: Report<o:p></o:p>

Uber, has reached a landmark settlement agreement to pay A$271.8 million (US$178 million) to resolve a class-action lawsuit brought by Australian taxi operators and drivers on Monday.<o:p></o:p>

<a href="https://www.wionews.com/business-economy/uber-agrees-to-pay-178-million-settlement-to-australian-taxi-drivers-report-701318">Read more here</a><o:p></o:p>

Flipkart's valuation drops by $5 bn in two years, Walmart's equity transactions reveal<o:p></o:p>

India’s E-commerce giant Flipkart has seen a significant decline in its valuation over the past two years, according to equity transactions disclosed by its parent company, Walmart.<o:p></o:p>

<a href="https://www.wionews.com/business-economy/flipkarts-valuation-drops-by-5-bn-in-two-years-walmarts-equity-transactions-reveal-701334">Read more here</a><o:p></o:p>

India’s economic growth resembles 2003-07 boom: Morgan Stanley Report<o:p></o:p>

India is experiencing an economic surge reminiscent of the golden era between 2003 and 2007, according to a report by Morgan Stanley economists.<o:p></o:p>

<a href="https://www.wionews.com/business-economy/indias-economic-growth-resembles-2003-07-boom-morgan-stanley-report-701338">Read more here</a><o:p></o:p>

Reddit's IPO oversubscribed, set to reach $6.5 billion valuation<o:p></o:p>

Reddit's highly anticipated initial public offering (IPO) is generating significant investor interest, with sources revealing that it is currently between four and five times oversubscribed.<o:p></o:p>

<a href="https://www.wionews.com/business-economy/reddits-ipo-oversubscribed-set-to-reach-65-billion-valuation-701345">Read more here</a><o:p></o:p>

Indian real estate sector poised to surge, projected to reach $1.3 tn by 2034<o:p></o:p>

A report released by the Confederation of Real Estate Developers' Association of India (CREDAI) unveiled promising forecasts for the Indian real estate sector, suggesting a remarkable growth trajectory in the coming decades.<o:p></o:p>

<a href="https://www.wionews.com/business-economy/indian-real-estate-sector-poised-to-surge-projected-to-reach-13-tn-by-2034-701357">Read more here</a><o:p></o:p>

Australia likely to maintain interest rates amid economic slowdown: Report<o:p></o:p>

Australia's Reserve Bank is anticipated to maintain its interest rates at 4.35 per cent for the third consecutive meeting, according to economists, as the country's economy faces headwinds amidst rising unemployment and sluggish growth.<o:p></o:p>

<a href="https://www.wionews.com/business-economy/australia-likely-to-maintain-interest-rates-amid-economic-slowdown-report-701370">Read more here</a><o:p></o:p>

TSMC explores advanced chip packaging expansion in Japan<o:p></o:p>

Taiwan's semiconductor giant, TSMC, is reportedly considering establishing advanced chip packaging capacity in Japan, marking a potentially significant move that could further energise Japan's semiconductor industry.<o:p></o:p>

<a href="https://www.wionews.com/business-economy/tsmc-explores-advanced-chip-packaging-expansion-in-japan-701377">Read more here</a><o:p></o:p>

Venture Global LNG expands fleet and navigates challenges in LNG market<o:p></o:p>

Venture Global LNG, headquartered in Arlington, Virginia, announced its acquisition of nine liquefied natural gas (LNG) transport vessels on Sunday, signalling a significant expansion of its capabilities in selling and shipping its own cargoes.<o:p></o:p>

<a href="https://www.wionews.com/business-economy/venture-global-lng-expands-fleet-and-navigates-challenges-in-lng-market-701406">Read more here</a> <o:p></o:p>

UBS eyes US expansion through wealth management M&amp;A<o:p></o:p>

Swiss banking powerhouse UBS is eyeing potential merger and acquisition opportunities in the United States in the coming years, according to remarks made by its chairman to the NZZ newspaper on Sunday.<o:p></o:p>

<a href="https://www.wionews.com/business-economy/ubs-eyes-us-expansion-through-wealth-management-ma-701410">Read more here</a><o:p></o:p>

China's industrial output surges in early 2024, offers relief to policymakers<o:p></o:p>

Industrial output in China surged by 7.0 per cent year-on-year during the January-February period, as revealed by data released on Monday.<o:p></o:p>

<a href="https://www.wionews.com/business-economy/chinas-industrial-output-surges-in-early-2024-offers-relief-to-policymakers-701412">Read more here</a><o:p></o:p>

WION's Business Desk brings you this daily round up of global stories from the world of business and economy. EU unveils $8 bn aid package for Egypt amid looming concerns over migration The European Union (EU) has announced an aid package of €7.

WION's Business Desk brings you this daily round up of global stories from the world of business and economy. EU unveils $8 bn aid package for Egypt amid looming concerns over migration The European Union (EU) has announced an aid package of €7.4 billion ($8.06 billion) for Egypt, aiming to strengthen the country's economy and enhance cooperation to address challenges surrounding migration. Read more here Uber agrees to pay $178 million settlement to Australian taxi drivers: Report Uber, has reached a landmark settlement agreement to pay A$271.8 million (US$178 million) to resolve a class-action lawsuit brought by Australian taxi operators and drivers on Monday. Read more here Flipkart's valuation drops by $5 bn in two years, Walmart's equity transactions reveal India’s E-commerce giant Flipkart has seen a significant decline in its valuation over the past two years, according to equity transactions disclosed by its parent company, Walmart. Read more here India’s economic growth resembles 2003-07 boom: Morgan Stanley Report India is experiencing an economic surge reminiscent of the golden era between 2003 and 2007, according to a report by Morgan Stanley economists. Read more here Reddit's IPO oversubscribed, set to reach $6.5 billion valuation Reddit's highly anticipated initial public offering (IPO) is generating significant investor interest, with sources revealing that it is currently between four and five times oversubscribed. Read more here Indian real estate sector poised to surge, projected to reach $1.3 tn by 2034 A report released by the Confederation of Real Estate Developers' Association of India (CREDAI) unveiled promising forecasts for the Indian real estate sector, suggesting a remarkable growth trajectory in the coming decades. Read more here Australia likely to maintain interest rates amid economic slowdown: Report Australia's Reserve Bank is anticipated to maintain its interest rates at 4.35 per cent for the third consecutive meeting, according to economists, as the country's economy faces headwinds amidst rising unemployment and sluggish growth. Read more here TSMC explores advanced chip packaging expansion in Japan Taiwan's semiconductor giant, TSMC, is reportedly considering establishing advanced chip packaging capacity in Japan, marking a potentially significant move that could further energise Japan's semiconductor industry. Read more here Venture Global LNG expands fleet and navigates challenges in LNG market Venture Global LNG, headquartered in Arlington, Virginia, announced its acquisition of nine liquefied natural gas (LNG) transport vessels on Sunday, signalling a significant expansion of its capabilities in selling and shipping its own cargoes. Read more here UBS eyes US expansion through wealth management M&A Swiss banking powerhouse UBS is eyeing potential merger and acquisition opportunities in the United States in the coming years, according to remarks made by its chairman to the NZZ newspaper on Sunday. Read more here China's industrial output surges in early 2024, offers relief to policymakers Industrial output in China surged by 7.0 per cent year-on-year during the January-February period, as revealed by data released on Monday. Read more here

WION Business Wrap | EU’s $8 bn package for Egypt, Uber to pay $178 mn to Australian taxi drivers and more

Ireland's Minister for Enterprise, Trade and Employment Simon Coveney is upbeat on India European Union FTA, & has lauded India's payments systems. Speaking to our diplomatic correspondent Sidhant Sibal, he said, "we see India is a very dynamic and huge growth market.. I hope many Irish companies come to India and visa versa". India Ireland trade worth $10 billion per year. On India's payments system he pointed, "It's cashless society, everybody is buying and selling via mobile phone, it's very impressive"

Ireland's Trade Minister Simon Coveney hopeful on India- EU FTA; Lauds India's payments system

Alibaba's AliExpress could face a potential fine as the European Commission has opened an investigation into the s's illegal and pornographic materials. EU officials have cited concerns about fake medicines non-compliant food and dietary supplements on the website.

Chinese website AliExpress under EU scanner

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