The European Union inched forward with its plans to de-risk its relationship with China on Wednesday, but the most controversial elements have been tempered amid resistance from member states.

EU tools up to protect key tech from China, slows down de-risking plans

Senior European Union officials have indicated that the EU is unlikely to proceed with the confiscation of Russian central bank assets frozen in Europe. This decision comes despite G7 plans to discuss the legality of such a move at an upcoming meeting in February. <o:p></o:p>

According to a Reuters report, the EU, along with the United States, Japan, and Canada, had frozen approximately $300 billion of Russian central bank assets in 2022 in response to Russia's invasion of Ukraine, with a substantial portion, around $200 billion, held in Europe, primarily within the Belgian clearing house Euroclear.<o:p></o:p>

While there are discussions within the G7 regarding the legality of confiscating these assets and redirecting them to support Ukraine's war effort, European officials are cautious. <o:p></o:p>

One senior official told Reuters, "Confiscation of the capital of the Russian assets is not going to happen. There is no agreement on this among EU member states." <o:p></o:p>

Luxembourg Foreign Minister Xavier Bettel expressed his reservations, stating, "Imagine if we decide politically to give billions to Ukraine. And in six months, we have a judicial decision saying we are not allowed to give it to them. Who will pay then?"<o:p></o:p>

European officials are grappling not only with the legal complexities of seizing sovereign assets but also with concerns about potential repercussions for the euro currency. The fear is that investors might withdraw from euro assets due to apprehensions that their funds could be subject to seizure in the future. Additionally, Moscow has threatened retaliation by confiscating Western assets in Russia, potentially amounting to $288 billion.<o:p></o:p>

Belgian Finance Minister Vincent van Peteghem, holding the rotating presidency of the EU until July, expressed caution about the possibility of confiscating Russian assets. He emphasised the importance of a legally sound proposal that avoids any impact on financial stability. Euroclear, a major player in this scenario, manages substantial amounts of assets in Russia, which, if seized, could pose a financial stability risk with significant repercussions.<o:p></o:p>

Instead of outright confiscation, EU governments are leaning towards supporting a European Commission proposal from December. This proposal suggests taking over only the profits generated by the frozen Russian assets, leaving the principal untouched. This alternative approach could generate an estimated 15-17 billion euros over four years, which could then be directed towards supporting Ukraine.<o:p></o:p>

(With inputs from Reuters)<o:p></o:p>

Senior European Union officials have indicated that the EU is unlikely to proceed with the confiscation of Russian central bank assets frozen in Europe. This decision comes despite G7 plans to discuss the legality of such a move at an upcoming meeting in February.

Senior European Union officials have indicated that the EU is unlikely to proceed with the confiscation of Russian central bank assets frozen in Europe. This decision comes despite G7 plans to discuss the legality of such a move at an upcoming meeting in February. According to a Reuters report, the EU, along with the United States, Japan, and Canada, had frozen approximately $300 billion of Russian central bank assets in 2022 in response to Russia's invasion of Ukraine, with a substantial portion, around $200 billion, held in Europe, primarily within the Belgian clearing house Euroclear. While there are discussions within the G7 regarding the legality of confiscating these assets and redirecting them to support Ukraine's war effort, European officials are cautious. One senior official told Reuters, "Confiscation of the capital of the Russian assets is not going to happen. There is no agreement on this among EU member states." Luxembourg Foreign Minister Xavier Bettel expressed his reservations, stating, "Imagine if we decide politically to give billions to Ukraine. And in six months, we have a judicial decision saying we are not allowed to give it to them. Who will pay then?" European officials are grappling not only with the legal complexities of seizing sovereign assets but also with concerns about potential repercussions for the euro currency. The fear is that investors might withdraw from euro assets due to apprehensions that their funds could be subject to seizure in the future. Additionally, Moscow has threatened retaliation by confiscating Western assets in Russia, potentially amounting to $288 billion. Belgian Finance Minister Vincent van Peteghem, holding the rotating presidency of the EU until July, expressed caution about the possibility of confiscating Russian assets. He emphasised the importance of a legally sound proposal that avoids any impact on financial stability. Euroclear, a major player in this scenario, manages substantial amounts of assets in Russia, which, if seized, could pose a financial stability risk with significant repercussions. Instead of outright confiscation, EU governments are leaning towards supporting a European Commission proposal from December. This proposal suggests taking over only the profits generated by the frozen Russian assets, leaving the principal untouched. This alternative approach could generate an estimated 15-17 billion euros over four years, which could then be directed towards supporting Ukraine. (With inputs from Reuters)

EU officials rule out confiscation of Russian central bank assets despite G7 talks

To comply with the Digital Markets Act (DMA) in the European Union (EU), Meta announced on Monday that users will be able to unlink their Instagram and Facebook accounts, as well as other services.

Meta to let EU users unlink their Instagram, FB and Messenger accounts

In a significant development at the World Economic Forum in Davos, Western officials expressed openness to the idea of confiscating around $300 billion of Russian assets to support Ukraine.<o:p></o:p>

This is based on a Reuters report.<o:p></o:p>

The move comes in response to President Vladimir Putin's deployment of troops into Ukraine in 2022, prompting the United States and its allies to impose sanctions, blocking significant sovereign Russian assets in the West. While the proposition is under consideration, officials caution that navigating the legal intricacies and determining the impact on the global financial system present formidable challenges.<o:p></o:p>

Legal complexities and potential limitations<o:p></o:p>

Addressing the complexities involved in seizing Russian assets, Penny Pritzker, US special representative for Ukraine's economic recovery, emphasised the need for legal scrutiny and collective decision-making.<o:p></o:p>

"No decisions have been made. It's a misperception to think this is going to be a panacea effect. There's real effort going on, but we are far from a conclusion,” Reuters quoted her as saying.<o:p></o:p>

Russia, not represented at Davos, has voiced its opposition, arguing that such confiscation contradicts free-market principles. The Kremlin has warned of reciprocal actions, threatening to seize US, European, and other assets in retaliation.<o:p></o:p>

Janet Yellen's concerns and mitigation efforts<o:p></o:p>

US Treasury Secretary Janet Yellen, who has consistently expressed concerns about the legal authority for confiscating Russian assets, recently embraced exploring seizure options based on international law.<o:p></o:p>

According to Reuters, Yellen highlighted the challenges, stating, "It would be a question of understanding and seeing if mitigation could be put in place and seeing if the G7 could agree on international law rationale." <o:p></o:p>

Some officials worry about potential repercussions on storing reserves in dollars or euros. Seizing Russian assets invested in government bonds could pose risks to the willingness of central banks to store reserves with each other.<o:p></o:p>

Belgian Prime Minister's Perspective<o:p></o:p>

Belgian Prime Minister Alexander De Croo expressed a nuanced stance, not opposing asset confiscation but emphasising the necessity of a clear mechanism. He suggested a potential avenue by stating, "For example, they can be used as collateral for raising funds for Ukraine." <o:p></o:p>

De Croo conveyed openness to further discussions and participation in finding a legal basis for transferring the assets to Ukraine without destabilising the global financial system. Acknowledging the complexity of the situation, he highlighted the need for a structured approach and proposed utilising any taxable revenue for the benefit of Ukraine.<o:p></o:p>

(With inputs from Reuters)<o:p></o:p>

In a significant development at the World Economic Forum in Davos, Western officials expressed openness to the idea of confiscating around $300 billion of Russian assets to support Ukraine.

In a significant development at the World Economic Forum in Davos, Western officials expressed openness to the idea of confiscating around $300 billion of Russian assets to support Ukraine. This is based on a Reuters report. The move comes in response to President Vladimir Putin's deployment of troops into Ukraine in 2022, prompting the United States and its allies to impose sanctions, blocking significant sovereign Russian assets in the West. While the proposition is under consideration, officials caution that navigating the legal intricacies and determining the impact on the global financial system present formidable challenges. Legal complexities and potential limitations Addressing the complexities involved in seizing Russian assets, Penny Pritzker, US special representative for Ukraine's economic recovery, emphasised the need for legal scrutiny and collective decision-making. "No decisions have been made. It's a misperception to think this is going to be a panacea effect. There's real effort going on, but we are far from a conclusion,” Reuters quoted her as saying. Russia, not represented at Davos, has voiced its opposition, arguing that such confiscation contradicts free-market principles. The Kremlin has warned of reciprocal actions, threatening to seize US, European, and other assets in retaliation. Janet Yellen's concerns and mitigation efforts US Treasury Secretary Janet Yellen, who has consistently expressed concerns about the legal authority for confiscating Russian assets, recently embraced exploring seizure options based on international law. According to Reuters, Yellen highlighted the challenges, stating, "It would be a question of understanding and seeing if mitigation could be put in place and seeing if the G7 could agree on international law rationale." Some officials worry about potential repercussions on storing reserves in dollars or euros. Seizing Russian assets invested in government bonds could pose risks to the willingness of central banks to store reserves with each other. Belgian Prime Minister's Perspective Belgian Prime Minister Alexander De Croo expressed a nuanced stance, not opposing asset confiscation but emphasising the necessity of a clear mechanism. He suggested a potential avenue by stating, "For example, they can be used as collateral for raising funds for Ukraine." De Croo conveyed openness to further discussions and participation in finding a legal basis for transferring the assets to Ukraine without destabilising the global financial system. Acknowledging the complexity of the situation, he highlighted the need for a structured approach and proposed utilising any taxable revenue for the benefit of Ukraine. (With inputs from Reuters)

Western officials explore confiscating $300 bn Russian assets: Report

A European Union (EU) report on the presidential elections in Maldives held last year has highlighted the disturbing trend of misinformation orchestrated by the ruling party, the People's National Congress (PNC). The EU Election Observer Mission (EOM) pointed out instances of derogatory language and anti-Indian sentiments used by PNC during the campaign for the elections last year.

The report, released on January 9,&nbsp;reveals that online disinformation played a significant role in spreading false narratives, potentially swaying public opinion and influencing the election process.

The report said, "The EU Election Observation Mission (EOM) observers noted instances of derogatory language, directed towards the president, on the side of PPM-PNC. Their campaign included anti-Indian sentiments, based on fears of Indian influences and anxiety regarding the presence of Indian military personnel inside the country. This theme was subject to multiple online disinformation attempts".

President Mohamed Muizzu leads the People's National Congress (PNC), whereas Abdulla Yameen&nbsp;is the founder of the Progressive Party of Maldives (PPM), whose supporters, played a prominent role in spearheading an anti-India campaign leading up to the Maldives Presidential election.

WATCH |&nbsp;India-Maldives row: Amid row with India, Maldives urges China to send tourists

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&nbsp;

A notable revelation from the report is that 58% of the misleading election-related content monitored during the campaign originated from the online media outlet Dhiyares. This media platform played a crucial role in amplifying the disinformation, contributing to the potential sway in public opinion.

Also read: <a href="https://www.wionews.com/opinions-blogs/maldives-pivot-to-china-a-new-turn-in-indo-pacific-geopolitics-678893">Maldives' pivot to China - A new turn in Indo-Pacific geopolitics</a>

"In the campaign period, disinformation, amplified by online media, potentially swayed public opinion and, amid heightened political activity, presented the potential to influence the election process," the report highlighted.

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Classified letter from Indian FM jaishankar to Maldivian FM exposes India's request for two 15-hectare plots in Maldives with full sovereignty. They are offering to waive of maldivian debt in exchange. <a href="https://t.co/QgvtHDSQdT">pic.twitter.com/QgvtHDSQdT</a>
— Ahmed Azaan (@axanner) <a href="https://twitter.com/axanner/status/1699669310225178707?ref_src=twsrc%5Etfw">September 7, 2023</a></blockquote>
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In a specific example, which was not in the report but is widely known is that just days before the&nbsp;elections, on September 7, the co-founder of Dhiyares.com, Ahmed Azaan circulated a fake letter attributed to India's External Affairs Minister regarding the Maldives Coast Guard Harbour project. The Indian High Commission swiftly clarified on social media that the letter was fabricated and condemned the&nbsp;the act as a "malicious attempt to malign and disturb India-Maldives relations."

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We have seen images of a fake letter being circulated on social media attributing them to EAM <a href="https://twitter.com/DrSJaishankar?ref_src=twsrc%5Etfw">@DrSJaishankar</a> and the Government of India. 
 
We unequivocally reject and condemn this malicious attempt to malign and disturb the India-Maldives relations. <a href="https://t.co/E3ZL9IjneM">pic.twitter.com/E3ZL9IjneM</a>
— India in Maldives (@HCIMaldives) <a href="https://twitter.com/HCIMaldives/status/1699691510424609095?ref_src=twsrc%5Etfw">September 7, 2023</a></blockquote>
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"The EU Election Observation Mission has recommended Maldives develop mechanisms to establish a dedicated fact-checking platform in the Maldives to verify information and combat disinformation and ensure corrections when false information is spread," emphasised the report.

The development comes at a time when government ties between India and Maldives has taken a blow&nbsp;due to the derogatory comments made&nbsp; some ministers in the Muizzu government. The ministers have, however, been suspended and Maldives has issued&nbsp;a clarification stating that the views of the minister&nbsp;were personal and that they don't corroborate with it.

&nbsp;

A European Union (EU) report on the presidential elections in Maldives held last year has highlighted the disturbing trend of misinformation orchestrated by the ruling party, the People's National Congress (PNC).

A European Union (EU) report on the presidential elections in Maldives held last year has highlighted the disturbing trend of misinformation orchestrated by the ruling party, the People's National Congress (PNC). The EU Election Observer Mission (EOM) pointed out instances of derogatory language and anti-Indian sentiments used by PNC during the campaign for the elections last year. The report, released on January 9, reveals that online disinformation played a significant role in spreading false narratives, potentially swaying public opinion and influencing the election process. The report said, "The EU Election Observation Mission (EOM) observers noted instances of derogatory language, directed towards the president, on the side of PPM-PNC. Their campaign included anti-Indian sentiments, based on fears of Indian influences and anxiety regarding the presence of Indian military personnel inside the country. This theme was subject to multiple online disinformation attempts". President Mohamed Muizzu leads the People's National Congress (PNC), whereas Abdulla Yameen is the founder of the Progressive Party of Maldives (PPM), whose supporters, played a prominent role in spearheading an anti-India campaign leading up to the Maldives Presidential election. WATCH | India-Maldives row: Amid row with India, Maldives urges China to send tourists × A notable revelation from the report is that 58% of the misleading election-related content monitored during the campaign originated from the online media outlet Dhiyares. This media platform played a crucial role in amplifying the disinformation, contributing to the potential sway in public opinion. Also read: Maldives' pivot to China - A new turn in Indo-Pacific geopolitics "In the campaign period, disinformation, amplified by online media, potentially swayed public opinion and, amid heightened political activity, presented the potential to influence the election process," the report highlighted. Classified letter from Indian FM jaishankar to Maldivian FM exposes India's request for two 15-hectare plots in Maldives with full sovereignty. They are offering to waive of maldivian debt in exchange. pic.twitter.com/QgvtHDSQdT — Ahmed Azaan (@axanner) September 7, 2023 × In a specific example, which was not in the report but is widely known is that just days before the elections, on September 7, the co-founder of Dhiyares.com, Ahmed Azaan circulated a fake letter attributed to India's External Affairs Minister regarding the Maldives Coast Guard Harbour project. The Indian High Commission swiftly clarified on social media that the letter was fabricated and condemned the the act as a "malicious attempt to malign and disturb India-Maldives relations." We have seen images of a fake letter being circulated on social media attributing them to EAM @DrSJaishankar and the Government of India. We unequivocally reject and condemn this malicious attempt to malign and disturb the India-Maldives relations. pic.twitter.com/E3ZL9IjneM — India in Maldives (@HCIMaldives) September 7, 2023 × "The EU Election Observation Mission has recommended Maldives develop mechanisms to establish a dedicated fact-checking platform in the Maldives to verify information and combat disinformation and ensure corrections when false information is spread," emphasised the report. The development comes at a time when government ties between India and Maldives has taken a blow due to the derogatory comments made some ministers in the Muizzu government. The ministers have, however, been suspended and Maldives has issued a clarification stating that the views of the minister were personal and that they don't corroborate with it.

EU report highlights misinformation campaign against India during presidential elections in Maldives

Ukrainian President Volodymyr Zelensky arrived in Lithuania on Wednesday (Jan 10) marking the beginning of his tour to three Baltic states to discuss the ongoing war in Ukraine with Russia and Kyiv’s plans to join the European Union and NATO.&nbsp;

<h2>Zelensky in Vilnius&nbsp;</h2>

The Ukrainian president took to X to announce his arrival at the Lithuanian capital. The three Baltic states and all former Soviet republics – Estonia, Latvia, and Lithuania – have been Ukraine’s staunchest allies since the beginning of the war.&nbsp;

During his visit to&nbsp;Lithuania, the Ukrainian president spoke about how&nbsp;his country, facing renewed aerial attacks from Russia is lacking&nbsp;air-defence systems.&nbsp;

He also spoke about any&nbsp;delays in Western aid to Kyiv will&nbsp;embolden the Kremlin. "He (Russian President Vladimir Putin) is not going to stop. He wants to occupy us completely," said the Ukrainian president.&nbsp;

He added, "And sometimes, the insecurity of partners regarding financial and military aid to Ukraine only increases Russia's courage and strength."

ALSO WATCH |&nbsp;<a href="https://www.wionews.com/videos/russia-ukraine-war-enters-new-phase-putin-trying-to-convince-west-to-betray-ukraine-676231">Russia-Ukraine war enters new phase, Putin 'trying to convince West to betray Ukraine'</a>

“Estonia, Latvia, and Lithuania are our reliable friends and principled partners. Today, I arrived in Vilnius before going to Tallinn and Riga,” said Zelensky in a post on X upon his arrival in Vilnius.&nbsp;

Zelensky is also set to hold talks with his Lithuanian counterpart President Gitanas Nausėda, Prime Minister Ingrida Simonyte, as well as lawmakers and people from the Ukrainian community in Lithuania.&nbsp;

“Security, EU and NATO integration, cooperation on electronic warfare and drones, and further coordination of European support are all on the agenda,” said the Ukrainian president.&nbsp;

According to Nauseda’s office, the presidents of both countries will hold talks and a joint press conference. The Ukrainian leader will also give a public speech.&nbsp;

<h2>First official trip abroad in 2024</h2>

The Baltic tour marks Zelensky’s first official trip abroad this year. The visit to the three countries also comes as other Kyiv allies in the West are hesitant to give the war-torn country more aid, nearly two years since the beginning of the Russian invasion of Ukraine.&nbsp;

ALSO READ |&nbsp;<a href="https://www.wionews.com/world/kyiv-mayor-under-scrutiny-for-buying-6-million-mansion-in-germany-reports-678519">Kyiv mayor under scrutiny for buying $6 million mansion in Germany: Reports</a>

On Monday (Jan 8), German Chancellor Olaf Scholz blasted several countries in the 27-nation bloc for not delivering sufficient weapons to Ukraine amid its war with Russia.&nbsp;

He noted that with American military assistance to Ukraine stalled in the United States Congress, allies in the EU need to step up, reiterating that the German government would support Kyiv for as long as necessary.

While Berlin had faced criticism during the initial months of the invasion for failing to step up and provide military backing to Kyiv, it is now among the top providers of both weapons and financial aid to the war-torn country.&nbsp;

ALSO READ |&nbsp;<a href="https://www.wionews.com/world/russia-ukraine-war-zelensky-says-trump-presidency-could-have-strong-impact-on-war-671508">Russia-Ukraine war: Zelensky says Trump presidency could have 'strong impact' on war</a>

“As significant as the German contribution is, it will not be enough to ensure Ukraine’s security in the long run,” said Scholz, on Monday.&nbsp;

He added, “Therefore I call on allies in the European Union to strengthen their efforts regarding Ukraine. The planned weapons deliveries to Ukraine of most EU member states are not enough.”&nbsp;

Late last year, Germany agreed to double the country’s military aid for Ukraine in 2024 to 8 billion euros ($8.8 billion).&nbsp;

(With inputs from agencies)

Ukrainian President Volodymyr Zelensky arrived in Lithuania on Wednesday (Jan 10) marking the beginning of his tour to three Baltic states to discuss the ongoing war in Ukraine with Russia and Kyiv’s plans to join the European Union and NATO.

Ukrainian President Volodymyr Zelensky arrived in Lithuania on Wednesday (Jan 10) marking the beginning of his tour to three Baltic states to discuss the ongoing war in Ukraine with Russia and Kyiv’s plans to join the European Union and NATO. Zelensky in Vilnius The Ukrainian president took to X to announce his arrival at the Lithuanian capital. The three Baltic states and all former Soviet republics – Estonia, Latvia, and Lithuania – have been Ukraine’s staunchest allies since the beginning of the war. During his visit to Lithuania, the Ukrainian president spoke about how his country, facing renewed aerial attacks from Russia is lacking air-defence systems. He also spoke about any delays in Western aid to Kyiv will embolden the Kremlin. "He (Russian President Vladimir Putin) is not going to stop. He wants to occupy us completely," said the Ukrainian president. He added, "And sometimes, the insecurity of partners regarding financial and military aid to Ukraine only increases Russia's courage and strength." ALSO WATCH | Russia-Ukraine war enters new phase, Putin 'trying to convince West to betray Ukraine' “Estonia, Latvia, and Lithuania are our reliable friends and principled partners. Today, I arrived in Vilnius before going to Tallinn and Riga,” said Zelensky in a post on X upon his arrival in Vilnius. Zelensky is also set to hold talks with his Lithuanian counterpart President Gitanas Nausėda, Prime Minister Ingrida Simonyte, as well as lawmakers and people from the Ukrainian community in Lithuania. “Security, EU and NATO integration, cooperation on electronic warfare and drones, and further coordination of European support are all on the agenda,” said the Ukrainian president. According to Nauseda’s office, the presidents of both countries will hold talks and a joint press conference. The Ukrainian leader will also give a public speech. First official trip abroad in 2024 The Baltic tour marks Zelensky’s first official trip abroad this year. The visit to the three countries also comes as other Kyiv allies in the West are hesitant to give the war-torn country more aid, nearly two years since the beginning of the Russian invasion of Ukraine. ALSO READ | Kyiv mayor under scrutiny for buying $6 million mansion in Germany: Reports On Monday (Jan 8), German Chancellor Olaf Scholz blasted several countries in the 27-nation bloc for not delivering sufficient weapons to Ukraine amid its war with Russia. He noted that with American military assistance to Ukraine stalled in the United States Congress, allies in the EU need to step up, reiterating that the German government would support Kyiv for as long as necessary. While Berlin had faced criticism during the initial months of the invasion for failing to step up and provide military backing to Kyiv, it is now among the top providers of both weapons and financial aid to the war-torn country. ALSO READ | Russia-Ukraine war: Zelensky says Trump presidency could have 'strong impact' on war “As significant as the German contribution is, it will not be enough to ensure Ukraine’s security in the long run,” said Scholz, on Monday. He added, “Therefore I call on allies in the European Union to strengthen their efforts regarding Ukraine. The planned weapons deliveries to Ukraine of most EU member states are not enough.” Late last year, Germany agreed to double the country’s military aid for Ukraine in 2024 to 8 billion euros ($8.8 billion). (With inputs from agencies)

Ukraine’s Zelensky arrives in Lithuania on visit to Baltic allies with focus on war, EU integration

Apple has lodged a challenge against the European Union's tech rules, specifically contesting the classification of its five App Stores as a single core platform service under the Digital Markets Act (DMA).<o:p></o:p>

According to a Reuters report, the company argues that EU regulators have misunderstood and misapplied the legislation, which became effective in May 2022. <o:p></o:p>

Apple, in its plea to the General Court, criticised the European Commission, stating that it made "material factual errors" by considering the five App Stores as a single core platform service. <o:p></o:p>

Apple contends that each App Store is designed for a specific operating system and Apple device, encompassing iPhones, iPads, Mac computers, Apple TVs, and Apple Watches.<o:p></o:p>

The DMA, designed to regulate tech giants, imposes certain obligations on companies like Apple, including facilitating third-party interoperability with its services and allowing business users to promote offers and conclude contracts outside its platform. <o:p></o:p>

Apple challenges the characterisation of its operating system, iOS, as a significant gateway for business users to reach end users, questioning the associated interoperability obligations. <o:p></o:p>

The lawsuit, filed in November 2022, highlights the company's resistance to complying with the DMA's requirements, signalling potential legal battles between tech giants and EU regulators.<o:p></o:p>

Apple's legal action extends beyond App Stores and iOS, addressing the European Commission's designation of its messaging service, iMessage, as a number-independent interpersonal communications service (NIICS). <o:p></o:p>

This designation prompted an EU investigation into whether iMessage should comply with DMA rules.<o:p></o:p>

Apple contests this characterisation, arguing that iMessage does not fall under the category of NIICS as it is not a fee-based service and does not monetise it through the sale of hardware devices or the processing of personal data.<o:p></o:p>

WATCH WION LIVE HERE

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Apple has lodged a challenge against the European Union's tech rules, specifically contesting the classification of its five App Stores as a single core platform service under the Digital Markets Act (DMA).

Apple has lodged a challenge against the European Union's tech rules, specifically contesting the classification of its five App Stores as a single core platform service under the Digital Markets Act (DMA). According to a Reuters report, the company argues that EU regulators have misunderstood and misapplied the legislation, which became effective in May 2022. Apple, in its plea to the General Court, criticised the European Commission, stating that it made "material factual errors" by considering the five App Stores as a single core platform service. Apple contends that each App Store is designed for a specific operating system and Apple device, encompassing iPhones, iPads, Mac computers, Apple TVs, and Apple Watches. The DMA, designed to regulate tech giants, imposes certain obligations on companies like Apple, including facilitating third-party interoperability with its services and allowing business users to promote offers and conclude contracts outside its platform. Apple challenges the characterisation of its operating system, iOS, as a significant gateway for business users to reach end users, questioning the associated interoperability obligations. The lawsuit, filed in November 2022, highlights the company's resistance to complying with the DMA's requirements, signalling potential legal battles between tech giants and EU regulators. Apple's legal action extends beyond App Stores and iOS, addressing the European Commission's designation of its messaging service, iMessage, as a number-independent interpersonal communications service (NIICS). This designation prompted an EU investigation into whether iMessage should comply with DMA rules. Apple contests this characterisation, arguing that iMessage does not fall under the category of NIICS as it is not a fee-based service and does not monetise it through the sale of hardware devices or the processing of personal data. WATCH WION LIVE HERE

Apple challenges EU rules on App stores and iOS designation as one service

Romania and Bulgaria have reached an agreement with Austria to join Europe's open-borders Schengen area by air and sea from March 2024, with talks set to continue next year about land borders, the Romanian interior ministry said late on Wednesday.

Romania, Bulgaria set to join Europe's Schengen Zone

Jacques Delors, a former head of the EU Commission and key figure in the creation of the euro currency, has died, his daughter Martine Aubry told AFP on Wednesday.

Delors, who was 98, died in his sleep in his Paris home on Wednesday, she said.

Delors, a Socialist, had a high-profile political career in France, where he served as finance minister under president Francois Mitterrand from 1981 to 1984.

But he declined to run for president in 1995 despite being overwhelmingly ahead in the polls, a decision he put down to "a desire for independence that was too great".&nbsp;

"I have no regrets," he said about that decision later. "But I'm not saying I was right."

ALSO READ |&nbsp;<a href="https://www.wionews.com/world/poland-liquidates-all-public-media-ahead-of-restructuring-674153">Poland liquidates all public media ahead of restructuring</a>

He headed up the European Commission from 1985 to 1995, a decade that saw major steps in the bloc's integration.

These included the completion of the common market, the Schengen accords for travel, the Erasmus programme for student exchanges and the creation of the bloc's single currency, the euro.

<h2>- 'Quite a life' -</h2>

His drive for increased integration met with resistance in some member countries, especially Britain under prime minister Margaret Thatcher.

"Up Yours Delors" read a famous 1990 front-page headline in The Sun newspaper which voiced its concerns about a single currency and increased powers for the European Parliament.&nbsp;

Alastair Campbell, a former campaign director for ex-British prime minister Tony Blair, said on X, formerly Twitter, that his "favourite Delors-ism" had been: "Don't be a pessimist. Or an optimist. Be an activist."&nbsp;

"RIP Jacques Delors. Quite a life," Campbell said.&nbsp;

Delors founded think tanks with the aim of furthering European federalism even after he left office, and in recent years warned of the dangers of populism in Europe, also calling for "audacity" in dealing with the Brexit fallout.

ALSO READ |&nbsp;<a href="https://www.wionews.com/india-news/new-delhi-reports-first-case-of-covid-19-sub-variant-jn1-minister-says-no-need-to-panic-674110">New Delhi reports first case of COVID-19 sub-variant JN.1, minister says ‘no need to panic’</a>

He also urged more solidarity among EU members during the coronavirus pandemic.

<h2>- 'Statesman with French destiny' -</h2>

French President Emmanuel Macron on Wednesday called Delors "a tireless creator of our Europe".

Posting on X, Macron said that "his commitment, his ideal and his rectitude will always inspire us".

Delors was "a statesman with a French destiny", Macron said.

French Socialist party chief Olivier Faure said that "a giant has left us".

Calling Delors "a child of the century" who had "experienced the worst", Faure said he had sought to "overcome tragedy by building a durable peace".

Jean-Luc Melenchon, leader of the hard-left France Unbowed party, said Delors was "a Socialist of a generation that had an ideal".

On X, Melenchon called Delors "a man of action who always thought of the common good".&nbsp;

Centrist Francois Bayrou said that for him "and for an entire generation of my political family and thought, he was a reference like no other".

Charles Michel, president of the European Council, said Delors was a "great Frenchman and a great European" who had "entered history as one of the builders of our Europe".

ALSO READ |&nbsp;<a href="https://www.wionews.com/world/indian-foreign-minister-jaishankar-meets-russian-president-vladimir-putin-in-moscow-674123">Putin discusses trade, Ukraine war with Jaishankar, invites 'friend' PM Modi to Russia</a>

European Central Bank chief Christine Lagarde highlighted Delors's role for the single European market and "the path he laid out towards our single currency, the euro".

Europe, she said, "has lost a true statesman".

German chancellor Olaf Scholz said Delors had fought for European unity "like few others".

Calling Delors a visionary, Scholz said "it is our responsibility to continue his work for the benefit of Europe".

Ursula von der Leyen, EU Commission president, said Delors had "shaped entire generations of Europeans, including mine".

Jacques Delors, a former head of the EU Commission and key figure in the creation of the euro currency, has died, his daughter Martine Aubry told AFP on Wednesday.

Jacques Delors, a former head of the EU Commission and key figure in the creation of the euro currency, has died, his daughter Martine Aubry told AFP on Wednesday. Delors, who was 98, died in his sleep in his Paris home on Wednesday, she said. Delors, a Socialist, had a high-profile political career in France, where he served as finance minister under president Francois Mitterrand from 1981 to 1984. But he declined to run for president in 1995 despite being overwhelmingly ahead in the polls, a decision he put down to "a desire for independence that was too great". "I have no regrets," he said about that decision later. "But I'm not saying I was right." ALSO READ | Poland liquidates all public media ahead of restructuring He headed up the European Commission from 1985 to 1995, a decade that saw major steps in the bloc's integration. These included the completion of the common market, the Schengen accords for travel, the Erasmus programme for student exchanges and the creation of the bloc's single currency, the euro. - 'Quite a life' - His drive for increased integration met with resistance in some member countries, especially Britain under prime minister Margaret Thatcher. "Up Yours Delors" read a famous 1990 front-page headline in The Sun newspaper which voiced its concerns about a single currency and increased powers for the European Parliament. Alastair Campbell, a former campaign director for ex-British prime minister Tony Blair, said on X, formerly Twitter, that his "favourite Delors-ism" had been: "Don't be a pessimist. Or an optimist. Be an activist." "RIP Jacques Delors. Quite a life," Campbell said. Delors founded think tanks with the aim of furthering European federalism even after he left office, and in recent years warned of the dangers of populism in Europe, also calling for "audacity" in dealing with the Brexit fallout. ALSO READ | New Delhi reports first case of COVID-19 sub-variant JN.1, minister says ‘no need to panic’ He also urged more solidarity among EU members during the coronavirus pandemic. - 'Statesman with French destiny' - French President Emmanuel Macron on Wednesday called Delors "a tireless creator of our Europe". Posting on X, Macron said that "his commitment, his ideal and his rectitude will always inspire us". Delors was "a statesman with a French destiny", Macron said. French Socialist party chief Olivier Faure said that "a giant has left us". Calling Delors "a child of the century" who had "experienced the worst", Faure said he had sought to "overcome tragedy by building a durable peace". Jean-Luc Melenchon, leader of the hard-left France Unbowed party, said Delors was "a Socialist of a generation that had an ideal". On X, Melenchon called Delors "a man of action who always thought of the common good". Centrist Francois Bayrou said that for him "and for an entire generation of my political family and thought, he was a reference like no other". Charles Michel, president of the European Council, said Delors was a "great Frenchman and a great European" who had "entered history as one of the builders of our Europe". ALSO READ | Putin discusses trade, Ukraine war with Jaishankar, invites 'friend' PM Modi to Russia European Central Bank chief Christine Lagarde highlighted Delors's role for the single European market and "the path he laid out towards our single currency, the euro". Europe, she said, "has lost a true statesman". German chancellor Olaf Scholz said Delors had fought for European unity "like few others". Calling Delors a visionary, Scholz said "it is our responsibility to continue his work for the benefit of Europe". Ursula von der Leyen, EU Commission president, said Delors had "shaped entire generations of Europeans, including mine".

Former EU Commission president Jacques Delors dies at 98

Jacques Delors, a key architect of the European Union's historic single currency project, died at 98 on Wednesday. &nbsp;

Martine Aubry, his daughter,&nbsp;confirmed that Delors died in his sleep at his home in Paris.&nbsp;

Delors, known for his unwavering support for European integration, served as the President of the European Commission for three terms, from January 1985 to the end of 1994.&nbsp;

His dynamic leadership during this decade saw the completion of the integrated single market, the agreement to introduce the euro, and the establishment of a common foreign and security policy. &nbsp;

During Delors's influential term leading the EU executive, the union grew and the groundwork was laid for the eventual admittance of the former communist republics of central and eastern Europe following the collapse of the Berlin Wall in 1989. &nbsp;

A staunch federalist, Delors championed the concept of an "ever closer union", leading to occasional clashes with then-UK Prime Minister Margaret Thatcher, who vigorously resisted any transfer of power to Brussels. &nbsp;

Delors' vision for monetary union drew attention, with The Sun tabloid in Britain famously running a front-page headline in 1990 reading 'Up Yours Delors'.&nbsp;

French President Emmanuel Macron hailed him as the "inexhaustible architect of our Europe" and a champion for human justice.

Michel Barnier, the EU's chief negotiator during Brexit, described Delors as an inspiration and a symbol of a certain idea of politics, France, and Europe.&nbsp;

Delors' influence extended beyond national borders, shaping the trajectory of European politics and fostering collaboration among member states. &nbsp;

In an interview marking the 50th anniversary of the Treaty of Rome in 2007, Delors expressed concerns about the EU unravelling unless institutional reforms were implemented. &nbsp;

Delors had foreseen the challenges facing the EU, warning of potential unravelling without reforms. Despite subsequent geopolitical shifts and the departure of member states, including Britain, Delors' legacy endures, with European Commission President Ursula von der Leyen acknowledging him as a 'visionary who made Europe stronger'.&nbsp;

(With inputs from Reuters)&nbsp;

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Jacques Delors, a key architect of the European Union's historic single currency project, died at 98 on Wednesday. Martine Aubry, his daughter, confirmed that Delors died in his sleep at his home in Paris.

Jacques Delors, a key architect of the European Union's historic single currency project, died at 98 on Wednesday. Martine Aubry, his daughter, confirmed that Delors died in his sleep at his home in Paris. Delors, known for his unwavering support for European integration, served as the President of the European Commission for three terms, from January 1985 to the end of 1994. His dynamic leadership during this decade saw the completion of the integrated single market, the agreement to introduce the euro, and the establishment of a common foreign and security policy. During Delors's influential term leading the EU executive, the union grew and the groundwork was laid for the eventual admittance of the former communist republics of central and eastern Europe following the collapse of the Berlin Wall in 1989. A staunch federalist, Delors championed the concept of an "ever closer union", leading to occasional clashes with then-UK Prime Minister Margaret Thatcher, who vigorously resisted any transfer of power to Brussels. Delors' vision for monetary union drew attention, with The Sun tabloid in Britain famously running a front-page headline in 1990 reading 'Up Yours Delors'. French President Emmanuel Macron hailed him as the "inexhaustible architect of our Europe" and a champion for human justice. Michel Barnier, the EU's chief negotiator during Brexit, described Delors as an inspiration and a symbol of a certain idea of politics, France, and Europe. Delors' influence extended beyond national borders, shaping the trajectory of European politics and fostering collaboration among member states. In an interview marking the 50th anniversary of the Treaty of Rome in 2007, Delors expressed concerns about the EU unravelling unless institutional reforms were implemented. Delors had foreseen the challenges facing the EU, warning of potential unravelling without reforms. Despite subsequent geopolitical shifts and the departure of member states, including Britain, Delors' legacy endures, with European Commission President Ursula von der Leyen acknowledging him as a 'visionary who made Europe stronger'. (With inputs from Reuters) WATCH WION LIVE HERE

Former EU Commission President Jacques Delors, architect of euro project, dies at 98 

The US has accused Iran of aiding Houthi Pirates. More than 20 countries have joined the US-led coalition to protect Red Sea shipping from attacks by Yemen's Houthi rebels; However Spain will not participate in coalition against Red Sea attacks.

Spain objects to EU operation against Houthis, says 'will not join coalition'

A week after stalling an aid deal worth $54 billion to Ukraine, Hungary's Prime Minister Viktor Orban has asserted that the money should not come out of the European Union (EU) budget, stating it remains a 'bad decision'.

A week after stalling an aid deal worth $54 billion to Ukraine, Hungary's Prime Minister Viktor Orban has asserted that the money should not come out of the European Union (EU) budget, stating it remains a 'bad decision'. Orban justified his decision of vetoing the previous proposal saying Hungary's money was involved in the budget and therefore it had a say in the matter. "I am convinced that to give Ukraine 50 billion euros ($54.70 billion) from the EU budget for five years, in which there is no money for this, and by taking out a loan, that's a bad decision. Instead let's make a good decision, which is the Hungarian proposal," Orban was quoted as saying by Reuters. Quizzed about the possibility that the bloc's 26 other members might broker a deal between themselves and Kyiv, Orban said he would reserve his comments. "They have the possibility - if we don't agree on this - to resolve this outside the budget, but don't have the option of resolving this from the EU budget without Hungarian approval. They have the possibility, 26 members, to resolve this with a joint loan outside the budget. If this comes up, we will consider what we say." "We are not asking for anything, only that the budget should be implemented, but if they start amending the budget then the Hungarian interests will surface and we will negotiate accordingly," he added. Also watch | Hungary blocks Ukraine's EU membership bid Orban puts his foot down Last Friday, Orban put his foot down and delayed the deal until January next year, saying the European Council needed to come back to the proposal with proper preparation. EU chief Charles Michel refrained from divulging the details of the meeting. "I don't want to go too much into the details because I want to work with colleagues in the days to come, in the weeks to come to prepare a summit that will take place next year, early next year," Michel said. Also read | Ukraine next EU member? Kyiv may get membership lifeboat amid sinking wartime fortunes Orban tanking the deal came after the bloc opened membership talks for Ukraine. The war-ravaged nation has been desperate to join the EU, to consolidate the member nations in the war against Russia. Ukraine applied for EU membership in February last year, just four days after Russia launched an offensive on Kyiv. Initially, Orban had threatened to veto the plan as well but ducked out of it as other members called his bluff. (With inputs from agencies)

Hungary's Orban says $54bn aid to Ukraine from EU budget is a 'bad decision'

The European Union countries on Wednesday (Dec 20) reached an agreement on a new set of rules to manage asylum requests what are being called the 'irregular' migrants. Countries in the bloc have hailed the move, some calling it historic and a great success, with Hungary being a voice of dissent. In any case, The New Pact on Migration and Asylum is broadly being taken to be greater willingness within the European Union to tackle the issue of migrants, many of whom cross the Mediterranean Sea in overcrowded boats, which often are not adequately seaworthy.

<h2>The refugee and migrant crisis</h2>

As defined by the United Nations, a refugee is a person who has been 'forced to flee' own country due to 'persecution, war or violence'.

"A refugee has a well-founded fear of persecution for reasons of race, religion, nationality, political opinion or membership in a particular social group. Most likely, they cannot return home or are afraid to do so. War and ethnic, tribal and religious violence are leading causes of refugees fleeing their countries, says the UN.

A migrant is someone who 'chooses to move...mainly to improve their lives through work opportunities, education, family reunification or other reasons'.

Europe faced a huge influx of refugees around 2015 as war in Syria raged. By 2022 end, Europe hosted 1 in 3 refugees in the world (36 per cent).

The number rose from 7 million by the end of 2021 to 12.4 million by the end of 2022.&nbsp;

War in Ukraine has also contributed to influx of refugees in EU countries.

Additionally, the bloc has seen huge migrant influx, especially from north Africa to EU countries, mainly Italy and Greece which are on the borders of the European Union.

Statistics with the United Nations say that in 2022 alone, 159,000 people tried reaching Europe by land and sea, thousands of them perished en-route.

The flow of refugees and migrants reached a low in the year 2020. But now has seen an uptick.

The issue has assumed political colour in Europe with right-wing politicians demanding that illegal migrants be sent back to their home countries. Several of such politicians have come to power.

Gravitas: What's causing Europe's far right surge?

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Countries on the periphery of the EU, like Italy and Greece have long been complaining that they were forced manage a disproportionate share of refugees and migrants and called for other countries in the bloc to take part in managing the situation.

<h2>The New Pact on Migration&nbsp;</h2>

On Wednesday (Dec 20) the European Union countries agreed for an overhaul of migrant and asylum-granting process in the bloc. The pact seeks to consider demands by EU periphery countries for a more equitable distribution of asylum seekers' applications.

The new system will give countries that are not at EU border two options.

One, they can take in their share of 30,000 asylum applicants.

Or, they can deposit at least 20,000 euros (USD 21,870) per asylum seeker into an EU fund.

These provisions are aimed at making countries not at EU borders take part in managing the migrant issue.

In addition to this, the pact seeks to strengthen screening process which will determine who is in genuine need of asylum and who is not. The pact seeks to create uniform rules that will identify who is from an EU country and who is from a non-EU nation.

The pact also seeks to create quicker procedures to take decisions about whether a person is to be granted asylum or he/ she is to be deported.

The pact is also aimed at creating a framework to ensure that the European Union is better prepared to tackle such a crisis should in erupt in future.

<h2>How have been the reactions?</h2>

Matteo Piantedosi, Italy's interior minister hailed the development. He said that agreement over the reforms was a "great success". He added that frontline countries like Italy would "no longer feel alone".

Ursula von der Leyen welcomed the agreement as "historic" and "a fair and pragmatic approach to managing migration".

EU countries like France, Germany the Netherlands and Spain have also hailed the agreement.

Also Read | <a href="https://www.wionews.com/world/eu-mp-lokkegaard-urges-political-actions-in-fta-talks-stresses-democratic-connect-671566">EU MP Løkkegaard urges ‘political actions’ in FTA talks, stresses ‘Democratic connect’</a>

Hungary however has rejected the deal. The country has been opposing having to take in irregular migrants or even pay the countries that do. Hungary's Foreign Minister Peter Szijjart said that Hungary rejects the deal in the "strongest possible terms."

Also Read | <a href="https://www.wionews.com/world/wont-let-anyone-in-hungary-condemns-eus-new-asylum-deal-in-strongest-terms-671847">‘Won’t let anyone in,’ Hungary condemns EU’s new asylum deal in ‘strongest’ terms</a>

<h2>Rights organisations protest</h2>

Sea-Watch, the ship rescue charity said that the EU deal "will cost more lives at sea." The charity also said that the deal was "a bow to the right-wing parties of Europe".

Amnesty International has also reacted. The human rights organisation has said "likely outcome is a surge in suffering on every step of a person's journey to seek asylum in the EU"

Danish Refugee Council has said that "the EU should protect refugees -- not make it harder for them".

(With inputs from agencies)

The European Union countries on Wednesday (Dec 20) reached an agreement on a new set of rules to manage asylum requests what are being called the 'irregular' migrants.

The European Union countries on Wednesday (Dec 20) reached an agreement on a new set of rules to manage asylum requests what are being called the 'irregular' migrants. Countries in the bloc have hailed the move, some calling it historic and a great success, with Hungary being a voice of dissent. In any case, The New Pact on Migration and Asylum is broadly being taken to be greater willingness within the European Union to tackle the issue of migrants, many of whom cross the Mediterranean Sea in overcrowded boats, which often are not adequately seaworthy. The refugee and migrant crisis As defined by the United Nations, a refugee is a person who has been 'forced to flee' own country due to 'persecution, war or violence'. "A refugee has a well-founded fear of persecution for reasons of race, religion, nationality, political opinion or membership in a particular social group. Most likely, they cannot return home or are afraid to do so. War and ethnic, tribal and religious violence are leading causes of refugees fleeing their countries, says the UN. A migrant is someone who 'chooses to move...mainly to improve their lives through work opportunities, education, family reunification or other reasons'. Europe faced a huge influx of refugees around 2015 as war in Syria raged. By 2022 end, Europe hosted 1 in 3 refugees in the world (36 per cent). The number rose from 7 million by the end of 2021 to 12.4 million by the end of 2022. War in Ukraine has also contributed to influx of refugees in EU countries. Additionally, the bloc has seen huge migrant influx, especially from north Africa to EU countries, mainly Italy and Greece which are on the borders of the European Union. Statistics with the United Nations say that in 2022 alone, 159,000 people tried reaching Europe by land and sea, thousands of them perished en-route. The flow of refugees and migrants reached a low in the year 2020. But now has seen an uptick. The issue has assumed political colour in Europe with right-wing politicians demanding that illegal migrants be sent back to their home countries. Several of such politicians have come to power. Gravitas: What's causing Europe's far right surge? × Countries on the periphery of the EU, like Italy and Greece have long been complaining that they were forced manage a disproportionate share of refugees and migrants and called for other countries in the bloc to take part in managing the situation. The New Pact on Migration On Wednesday (Dec 20) the European Union countries agreed for an overhaul of migrant and asylum-granting process in the bloc. The pact seeks to consider demands by EU periphery countries for a more equitable distribution of asylum seekers' applications. The new system will give countries that are not at EU border two options. One, they can take in their share of 30,000 asylum applicants. Or, they can deposit at least 20,000 euros (USD 21,870) per asylum seeker into an EU fund. These provisions are aimed at making countries not at EU borders take part in managing the migrant issue. In addition to this, the pact seeks to strengthen screening process which will determine who is in genuine need of asylum and who is not. The pact seeks to create uniform rules that will identify who is from an EU country and who is from a non-EU nation. The pact also seeks to create quicker procedures to take decisions about whether a person is to be granted asylum or he/ she is to be deported. The pact is also aimed at creating a framework to ensure that the European Union is better prepared to tackle such a crisis should in erupt in future. How have been the reactions? Matteo Piantedosi, Italy's interior minister hailed the development. He said that agreement over the reforms was a "great success". He added that frontline countries like Italy would "no longer feel alone". Ursula von der Leyen welcomed the agreement as "historic" and "a fair and pragmatic approach to managing migration". EU countries like France, Germany the Netherlands and Spain have also hailed the agreement. Also Read | EU MP Løkkegaard urges ‘political actions’ in FTA talks, stresses ‘Democratic connect’ Hungary however has rejected the deal. The country has been opposing having to take in irregular migrants or even pay the countries that do. Hungary's Foreign Minister Peter Szijjart said that Hungary rejects the deal in the "strongest possible terms." Also Read | ‘Won’t let anyone in,’ Hungary condemns EU’s new asylum deal in ‘strongest’ terms Rights organisations protest Sea-Watch, the ship rescue charity said that the EU deal "will cost more lives at sea." The charity also said that the deal was "a bow to the right-wing parties of Europe". Amnesty International has also reacted. The human rights organisation has said "likely outcome is a surge in suffering on every step of a person's journey to seek asylum in the EU" Danish Refugee Council has said that "the EU should protect refugees -- not make it harder for them". (With inputs from agencies)

Explained | The 'historic' new pact on migrants that EU countries finalised

European Parliamentarian (MEP) Morten Løkkegaard, who chairs relations with India in the European Parliament has underscored the urgency for collaboration between India and Europe amidst global uncertainties, stating, "I think this is a time for India and Europe should unite, to have a lot more cooperation because we live in geopolitically uncertain times...big democracies have to work together"

EU MP Løkkegaard Urges 'Political Actions' in FTA Talks, Stresses 'Democratic Connect

The European Union (EU) and the US have decided to prolong their ceasefire on steel and aluminium imports, averting the looming threat of tariffs impacting transatlantic trade. &nbsp;

According to Bloomberg, the European Commission, the executive arm of the EU, revealed on Tuesday that retaliatory measures, initiated during the Trump era, will be put on hold for 15 months until March 31, 2025, providing a temporary respite in the steel tariff war.&nbsp;

While Brussels succeeded in extending the truce, negotiations failed to secure an improvement in the current tariff-rate quotas (TRQs) set by the US. The extension is anticipated to save EU steel and aluminium exporters around €1.5 billion ($1.6 billion) in annual tariffs. The EU, dissatisfied with the existing quota system, advocated for more flexibility, pushing for modifications such as annual quotas for the European market.&nbsp;

Expressing commitment, the EU asserted that it will continue engaging with the US to protect its legal rights and eliminate US 232 tariffs on EU exports permanently. The reference to Section 232 of US law highlights the authority granted to the president to impose duties on imports for national security reasons.&nbsp;

This development coincides with the ticking clock on the Global Arrangement on Sustainable Steel and Aluminium (GSA), poised to maintain tariff exemptions until after the upcoming US presidential election in November 2024. The GSA agreement holds the promise of a permanent resolution to the trade dispute sparked by Trump-era tariffs, with the EU insisting on lifting all tariff-rate quotas, a demand resisted by the US.&nbsp;

As the EU mulls its options, including a potential case at the World Trade Organisation or re-imposing tariffs, challenges loom large. Concerns among EU member states about escalating trade tensions in the lead-up to the election in 2024 cast a shadow over the prospect of decisive action.&nbsp;

(With inputs from Bloomberg)&nbsp;

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The European Union (EU) and the US have decided to prolong their ceasefire on steel and aluminium imports, averting the looming threat of tariffs impacting transatlantic trade.

The European Union (EU) and the US have decided to prolong their ceasefire on steel and aluminium imports, averting the looming threat of tariffs impacting transatlantic trade. According to Bloomberg, the European Commission, the executive arm of the EU, revealed on Tuesday that retaliatory measures, initiated during the Trump era, will be put on hold for 15 months until March 31, 2025, providing a temporary respite in the steel tariff war. While Brussels succeeded in extending the truce, negotiations failed to secure an improvement in the current tariff-rate quotas (TRQs) set by the US. The extension is anticipated to save EU steel and aluminium exporters around €1.5 billion ($1.6 billion) in annual tariffs. The EU, dissatisfied with the existing quota system, advocated for more flexibility, pushing for modifications such as annual quotas for the European market. Expressing commitment, the EU asserted that it will continue engaging with the US to protect its legal rights and eliminate US 232 tariffs on EU exports permanently. The reference to Section 232 of US law highlights the authority granted to the president to impose duties on imports for national security reasons. This development coincides with the ticking clock on the Global Arrangement on Sustainable Steel and Aluminium (GSA), poised to maintain tariff exemptions until after the upcoming US presidential election in November 2024. The GSA agreement holds the promise of a permanent resolution to the trade dispute sparked by Trump-era tariffs, with the EU insisting on lifting all tariff-rate quotas, a demand resisted by the US. As the EU mulls its options, including a potential case at the World Trade Organisation or re-imposing tariffs, challenges loom large. Concerns among EU member states about escalating trade tensions in the lead-up to the election in 2024 cast a shadow over the prospect of decisive action. (With inputs from Bloomberg) WATCH WION LIVE HERE

EU and US call a truce, postpone steel tariff showdown until after elections

The European Union, on Wednesday (Dec 20) agreed on rules to share cost and work of hosting of migrants more evenly resulting in an agreement which is being welcomed by EU countries, especially on the border of the bloc. The rules also seek to limit the number of migrants coming on the shores of EU nations.

The agreement, called the New Pact on Migration and Asylum was arrived at after all-night talks. The rules should come into effect next year.

The provisions in the law have in their purview, screening of irregular migrants upon their arrival in the EU, processing of asylum applications and rules to determine which EU country is responsible for handling applications.

Europe has been dealing with the issue of migrants for nearly a decade. Especially countries like Italy, who are at the borders of the bloc, have seen scores of migrants landing on their shores after making perilous sea journey on vessels that are hardly seaworthy. Such countries have been demanding that responsibility of tackling the migrant issue should not fall on their shoulders alone.

Watch | France Immigration Bill passed amidst deep divisions within Macron's party

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&nbsp;

The number of migrants arriving in EU are down from the peak of 1 million (in year 2015) but after a low in the year 2020, the numbers have steadily crept up. This year till November, about 255,000 migrants arrived. More than half of these came from Africa and arrived in Italy.

After EU countries agreed on&nbsp;rules of the pact, Italy's Interior Minister Matteo Piantedosi hailed the development as a "great success" for Europe and for Italy. He said that countries like Italy who are on EU border would no longer feel alone.

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German Chancellor Olaf Scholz welcomed the agreement as well. He said that the pact was important to relieve countries which are affected due to migrant flow, including Germany.

<h2>What do the new rules say?</h2>

As per the new system, countries that are not at the border of EU should choose between two options. They can handle their share of 30,000 asylum applications or contribute at least 20,000 euros ($21,870) per person into a European Union fund.

Also Read | <a href="https://www.wionews.com/world/hermes-heir-decides-to-leave-half-of-its-fortune-to-hi-ex-gardener-671789">Hermès heir decides to leave half of its fortune to his ex-gardener</a>

The new rules also seek to create a screening system that will be able to effectively distinguish between asylum seeker who are genuinely in need of international protection and those who are not in such a situation.

The rules also seek to speed up the processing of applications.

(With inputs from agencies)

The European Union, on Wednesday (Dec 20) agreed on rules to share cost and work of hosting of migrants more evenly resulting in an agreement which is being welcomed by EU countries, especially on the border of the bloc.

The European Union, on Wednesday (Dec 20) agreed on rules to share cost and work of hosting of migrants more evenly resulting in an agreement which is being welcomed by EU countries, especially on the border of the bloc. The rules also seek to limit the number of migrants coming on the shores of EU nations. The agreement, called the New Pact on Migration and Asylum was arrived at after all-night talks. The rules should come into effect next year. The provisions in the law have in their purview, screening of irregular migrants upon their arrival in the EU, processing of asylum applications and rules to determine which EU country is responsible for handling applications. Europe has been dealing with the issue of migrants for nearly a decade. Especially countries like Italy, who are at the borders of the bloc, have seen scores of migrants landing on their shores after making perilous sea journey on vessels that are hardly seaworthy. Such countries have been demanding that responsibility of tackling the migrant issue should not fall on their shoulders alone. Watch | France Immigration Bill passed amidst deep divisions within Macron's party × The number of migrants arriving in EU are down from the peak of 1 million (in year 2015) but after a low in the year 2020, the numbers have steadily crept up. This year till November, about 255,000 migrants arrived. More than half of these came from Africa and arrived in Italy. After EU countries agreed on rules of the pact, Italy's Interior Minister Matteo Piantedosi hailed the development as a "great success" for Europe and for Italy. He said that countries like Italy who are on EU border would no longer feel alone. Also Read | French couple lose court battle over rare African Ngil mask worth $4.6 million German Chancellor Olaf Scholz welcomed the agreement as well. He said that the pact was important to relieve countries which are affected due to migrant flow, including Germany. What do the new rules say? As per the new system, countries that are not at the border of EU should choose between two options. They can handle their share of 30,000 asylum applications or contribute at least 20,000 euros ($21,870) per person into a European Union fund. Also Read | Hermès heir decides to leave half of its fortune to his ex-gardener The new rules also seek to create a screening system that will be able to effectively distinguish between asylum seeker who are genuinely in need of international protection and those who are not in such a situation. The rules also seek to speed up the processing of applications. (With inputs from agencies)

‘Great success’: EU countries reach agreement on fresh rules on migrant hosting

The French parliament passed on Tuesday (Dec 19) a controversial immigration bill backed by President Emmanuel Macron’s government despite facing a major rebellion from members of his own party. The bill which toughens rules for immigrants was passed with the support of the country’s far-right and while marking a policy victory for Macron, exposed cracks in his centrist majority.

<h2>What happened in the French parliament?</h2>

The bill which is said to be a compromise reached between Macron’s party and the conservative opposition passed the lower house without the ruling party needing the support of the far-right. Nonetheless, its backing has caused embarrassment in the presidential camp.

ALSO READ |&nbsp;<a href="https://www.wionews.com/world/france-flat-out-refuses-to-welcome-migrants-from-lampedusa-637695">France flat out refuses to 'welcome' migrants from Lampedusa</a>

The bill passed further tightened immigration measures than the one initially proposed,&nbsp;which has sparked criticism from the left as they have accused the government of caving in to pressure from the far right.&nbsp;

While Marine Le Pen’s far-right National Rally (RN) has endorsed the strengthened bill, the key left-leaning members of Macron’s Renaissance Party and allied factions have said that they can no longer support it and some even threatened to resign.&nbsp;

However, since the bill has passed, none of those threats have immediately materialised.&nbsp;

<h2>What are the new measures?</h2>

The initial proposal by the Macron government would have made it simpler for migrants working in sectors that lack labour to get a residency permit, while also making it easier for them to expel illegal migrants.&nbsp;

However, in a bid to gain support from the conservatives, they agreed to water down some of the residency permit measures. The new bill which was passed would also delay migrants’ access to welfare benefits, including those for children and housing allowances by at least several years.&nbsp;

ALSO READ |&nbsp;<a href="https://www.wionews.com/world/china-earthquake-death-toll-crosses-130-rescuers-brave-freezing-cold-to-find-survivors-671622">China earthquake: Death toll crosses 130, rescuers brave freezing cold to find survivors</a>

France has long prided itself on one of the most generous welfare systems in the world, and grants payments to foreign residents and helps them pay rent or care for their children with monthly contributions of a few hundred euros.&nbsp;

The far right, however, has recently argued that those measures should be reserved for French citizens only. Therefore, the recently passed bill effectively delays access to housing benefits for unemployed non-European Union migrants by at least five years.&nbsp;

The new bill also introduces a range of restrictions including migration quotas, making it more difficult for children of immigrants to become French citizens while saying that dual nationals who have been convicted for serious crimes against the police could lose French citizenship.

<h2>Macron to defend his contested migration bill</h2>

Macron's presidency could be threatened as voters who rallied behind him in 2017 and 2022 to stop Le Pen from winning&nbsp;may not be happy with this new bill. Not to mention, most left-wing MPs either abstained or voted against it, saying that this new migration bill betrays promises made to fend off far-right ideas.

ALSO READ |&nbsp;<a href="https://www.wionews.com/world/russia-china-completely-abandon-us-dollar-in-bilateral-trade-says-russian-pm-671667">Russia, China completely abandon US dollar in bilateral trade, says Russian PM</a>

After the bill was passed, Prime Minister Elisabeth Borne speaking in support of it, told parliament that the bill “will make our system more efficient because it will drastically simplify our procedures for processing asylum applications, (and) because it will make it possible to expel criminal or radicalised foreigners more quickly”.&nbsp;

Meanwhile, the French president will give an interview at 7:00 pm (local time) to ‘CàVous’, a political show on France 5 TV, said the France TV broadcaster.&nbsp;

(With inputs from agencies)

The French parliament passed on Tuesday (Dec 19) a controversial immigration bill backed by President Emmanuel Macron’s government despite facing a major rebellion from members of his own party.

The French parliament passed on Tuesday (Dec 19) a controversial immigration bill backed by President Emmanuel Macron’s government despite facing a major rebellion from members of his own party. The bill which toughens rules for immigrants was passed with the support of the country’s far-right and while marking a policy victory for Macron, exposed cracks in his centrist majority. What happened in the French parliament? The bill which is said to be a compromise reached between Macron’s party and the conservative opposition passed the lower house without the ruling party needing the support of the far-right. Nonetheless, its backing has caused embarrassment in the presidential camp. ALSO READ | France flat out refuses to 'welcome' migrants from Lampedusa The bill passed further tightened immigration measures than the one initially proposed, which has sparked criticism from the left as they have accused the government of caving in to pressure from the far right. While Marine Le Pen’s far-right National Rally (RN) has endorsed the strengthened bill, the key left-leaning members of Macron’s Renaissance Party and allied factions have said that they can no longer support it and some even threatened to resign. However, since the bill has passed, none of those threats have immediately materialised. What are the new measures? The initial proposal by the Macron government would have made it simpler for migrants working in sectors that lack labour to get a residency permit, while also making it easier for them to expel illegal migrants. However, in a bid to gain support from the conservatives, they agreed to water down some of the residency permit measures. The new bill which was passed would also delay migrants’ access to welfare benefits, including those for children and housing allowances by at least several years. ALSO READ | China earthquake: Death toll crosses 130, rescuers brave freezing cold to find survivors France has long prided itself on one of the most generous welfare systems in the world, and grants payments to foreign residents and helps them pay rent or care for their children with monthly contributions of a few hundred euros. The far right, however, has recently argued that those measures should be reserved for French citizens only. Therefore, the recently passed bill effectively delays access to housing benefits for unemployed non-European Union migrants by at least five years. The new bill also introduces a range of restrictions including migration quotas, making it more difficult for children of immigrants to become French citizens while saying that dual nationals who have been convicted for serious crimes against the police could lose French citizenship. Macron to defend his contested migration bill Macron's presidency could be threatened as voters who rallied behind him in 2017 and 2022 to stop Le Pen from winning may not be happy with this new bill. Not to mention, most left-wing MPs either abstained or voted against it, saying that this new migration bill betrays promises made to fend off far-right ideas. ALSO READ | Russia, China completely abandon US dollar in bilateral trade, says Russian PM After the bill was passed, Prime Minister Elisabeth Borne speaking in support of it, told parliament that the bill “will make our system more efficient because it will drastically simplify our procedures for processing asylum applications, (and) because it will make it possible to expel criminal or radicalised foreigners more quickly”. Meanwhile, the French president will give an interview at 7:00 pm (local time) to ‘CàVous’, a political show on France 5 TV, said the France TV broadcaster. (With inputs from agencies)

France passes controversial bill to toughen immigration rules despite Macron party rebellion

European Parliamentarian (MEP) Morten Løkkegaard, who chairs relations with India in the European Parliament has underscored the urgency for collaboration between India and Europe amidst global uncertainties. The EU MP said that India needs to get out of it's comfort zone for trade. Addressing the ongoing talks on the India-European Union Free Trade Agreement, Løkkegaard emphasized the mutual need for the agreement, declaring, "both parties need this FTA agreement, we need it for growth but also for cooperation as such in the times of geopolitical tensions." He called for immediate political action, stating, "Now. I think that the negotiators, the technical sides have used all forces they can use and now we need political decisions to be made on both sides."

FTA agreement would need a paradigm shift: EU Lawmaker | World News | WION

European Parliamentarian (MEP) Morten Løkkegaard, who chairs relations with India in the European Parliament, has underscored the urgency for collaboration between India and Europe amidst global uncertainties, stating, "I think this is a time for India and Europe should unite, to have a lot more cooperation because we live in geopolitically uncertain times...big democracies have to work together".&nbsp;

The parliamentarian is in India as part of a European Parliamentary delegation which met India's external affairs Minister Dr S Jaishankar and Trade Minister Piyush Goyal. Speaking to our diplomatic correspondent Sidhant Sibal, he commended Prime Minister Narendra Modi for accelerating India-Europe relations since 2021, noting, "...the relationship due to Prime Minister Modi has been developing very fast and still developing."

Addressing the ongoing talks on the India-European Union Free Trade Agreement, Løkkegaard emphasised the mutual need for the agreement, declaring, "Both parties need this FTA agreement, we need it for growth but also for cooperation as such in the times of geopolitical tensions." He called for immediate political action, stating, "Now. I think that the negotiators, the technical sides have used all forces they can use and now we need political decisions to be made on both sides."&nbsp;

Full interview:

WION: What was the key focus of your India visit? 
Morten Løkkegaard: Well I think it's been extremely interesting and very timely. We have pushed for these meetings for several months. I was here in Delhi for the first time in January, representing the delegation. And I said that it would be very nice for us in this very important times to have inter-parliamentary relations again, and we really needed to re-establish the contacts. So it's a great fortune. I'm very fortunate that we have the chance now to visit India again. And we were here, actually two delegations, both of us from the relations with India, but also the security and defence committee. So we were actually two groupings, a lot of people, very good meetings with the ministers, with the Minister for Foreign Affairs and with the Minister for Commerce and with the parliament as well. We had the interparliamentary meeting on Monday, and discussed the various issues of great importance. I think this is a time for India and Europe should unite, to have a lot more cooperation because we live in a geopolitically speaking, we live in uncertain times, things are changing very rapidly, all over the globe. And in these times, big democracies have to work together and this has basically been the reason for our meetings.

WION: Democracies need to work together. How do you see the relationship between India and the European Union going forward this year was significant. We saw the two TTC meetings, one in Brussels, then virtually. So how do you see things progressing between the two sides 
Morten Løkkegaard: Fortunately, very rapidly moving forward. This is no secret that for many years we have been, as I said in a kind of frozen condition, kind of pause. But since 2021, the relationship due to Prime Minister Modi has been developing very fast and still developing. Of course, we still have a long way to go. But the good news is that, both parties really want this. I see there's a strategic interest for both parties to have this ever-closer relationship. As I said democracies have to work together. And by doing that, we are really, really doing some good right now. Of course, still lots of things to do. But we are moving in the right direction.&nbsp;

WION: Moving in the right direction. One thing that needs to really be fast-tracked is perhaps the India-European Union Free Trade Agreement (FTA), how do you see the conversation on FTA going forward? Do you see any timeline for the conclusion, what has been the progress and what's your view if you can talk about 
Morten Løkkegaard: &nbsp;It's really very robust, the talks I would say. We had a meeting with the Minister for Commerce last night, and he's a very outspoken person and I'm very fond of that. I think it's very good to have these robust conversations about what's at stake. Again, both parties need this FTA agreement, we needed for growth but also for cooperation as such in times of geopolitical tensions. So I think there's a need to do something. It's very, it's very difficult. It's complicated stuff, because we are moving from the very opposite positions in Europe. We have a tradition for huge packages when we're doing FTAs. We have a lot of them, already. So we kind of, you know, introduced a way of dealing with these things, which is not very familiar to the Indians. I mean, as the Minister said, on Monday, we are usually always negotiating trade alone, not any other issues. Coming from Europe. We are also very interested in introducing chapters on climate, you know chapters about working conditions for workers and so on and so forth. It's part of the deal. So we need some political movement. Now. I think that the negotiators, the technical sides have used all forces they can use and now we need political decisions to be made on both sides.

WION: Political decision on both sides, if you can just elaborate on that...&nbsp; 
Morten Løkkegaard: Yeah. I think that both sides need to understand that coming from very opposite positions. We need to do steps that we haven't done before. I would say this, this would take a paradigm shift in the way that we do negotiations and trade deals in Europe and this is of course not an easy step. So it's up to our leaders in Europe and now to decide how much we can give into this. And on the Indian side, you need to get out of your comfort zone, also when it comes to trade. You are a big nation you are a developing nation. You're doing things very fast at the moment. Maybe also too fast for the mental thinking, because what is needed is of course to get out of this comfort zone and to realize that you have to do a lot more on tariffs, you have to open your markets much more, you had to get used to the idea of more comprehensive packages, as I was suggesting, otherwise it will be difficult.

WION: So, let's move to another direction that is the defence and security partnership. How do you see the relationship between the two sides India and the European Union working together convergences? And perhaps if there are certain divergences as well?&nbsp; 
Morten Løkkegaard: Yes, one area I would I would emphasise is the digital area. I mean, what very good news is that you will pass the law. On the Indian side about the digital, about data. We did the same. The European Parliament as the first parliament in the world just agreed on an AI law which you know, try to find the balance between innovation, making things happen for businesses and the protection of citizens and our data. And the good news is of course, that the Indian side has done the same thing. And now we have very intensively discussed during these two days, where we can find common ground with these two pieces of legislation. And this could also be an icebreaker when it comes to the to FTA, I think, that's a very good sign.

WION: So, talking about the security and defence aspect to the Indo-Pacific Region and how both sides are working together. This increased aggressiveness by China. What do you have to say about that as well?&nbsp; 
Morten Løkkegaard: We are of course also very worried about aggressive actions and I think we can do a lot together with India, in rebalancing the issues here in the Indo-Pacific. Of course, this is also of much concern of the Americans. They are doing a lot of at the moment whenever you visit Washington. It's on everyone's mind the Indo-Pacific and the relationship with China. I think that we need to recalibrate the positions, the strategic work in the Asian area as such, and in the Indo-Pacific, and in order to do, that we need to cooperate even better also on cybersecurity, on security and defence and such. And then the good news is also that we have our security Defense Committee visiting various ministers these two days and good results. Very good, positive atmosphere. I think we can do a lot better.&nbsp;

European Parliamentarian (MEP) Morten Løkkegaard, who chairs relations with India in the European Parliament, has underscored the urgency for collaboration between India and Europe amidst global uncertainties, stating, "I think this is a time for India and Europe should unite, to have a lot more cooperation because we live in geopolitically uncertain times.

European Parliamentarian (MEP) Morten Løkkegaard, who chairs relations with India in the European Parliament, has underscored the urgency for collaboration between India and Europe amidst global uncertainties, stating, "I think this is a time for India and Europe should unite, to have a lot more cooperation because we live in geopolitically uncertain times...big democracies have to work together". The parliamentarian is in India as part of a European Parliamentary delegation which met India's external affairs Minister Dr S Jaishankar and Trade Minister Piyush Goyal. Speaking to our diplomatic correspondent Sidhant Sibal, he commended Prime Minister Narendra Modi for accelerating India-Europe relations since 2021, noting, "...the relationship due to Prime Minister Modi has been developing very fast and still developing." Addressing the ongoing talks on the India-European Union Free Trade Agreement, Løkkegaard emphasised the mutual need for the agreement, declaring, "Both parties need this FTA agreement, we need it for growth but also for cooperation as such in the times of geopolitical tensions." He called for immediate political action, stating, "Now. I think that the negotiators, the technical sides have used all forces they can use and now we need political decisions to be made on both sides." Full interview: WION: What was the key focus of your India visit? Morten Løkkegaard: Well I think it's been extremely interesting and very timely. We have pushed for these meetings for several months. I was here in Delhi for the first time in January, representing the delegation. And I said that it would be very nice for us in this very important times to have inter-parliamentary relations again, and we really needed to re-establish the contacts. So it's a great fortune. I'm very fortunate that we have the chance now to visit India again. And we were here, actually two delegations, both of us from the relations with India, but also the security and defence committee. So we were actually two groupings, a lot of people, very good meetings with the ministers, with the Minister for Foreign Affairs and with the Minister for Commerce and with the parliament as well. We had the interparliamentary meeting on Monday, and discussed the various issues of great importance. I think this is a time for India and Europe should unite, to have a lot more cooperation because we live in a geopolitically speaking, we live in uncertain times, things are changing very rapidly, all over the globe. And in these times, big democracies have to work together and this has basically been the reason for our meetings. WION: Democracies need to work together. How do you see the relationship between India and the European Union going forward this year was significant. We saw the two TTC meetings, one in Brussels, then virtually. So how do you see things progressing between the two sides Morten Løkkegaard: Fortunately, very rapidly moving forward. This is no secret that for many years we have been, as I said in a kind of frozen condition, kind of pause. But since 2021, the relationship due to Prime Minister Modi has been developing very fast and still developing. Of course, we still have a long way to go. But the good news is that, both parties really want this. I see there's a strategic interest for both parties to have this ever-closer relationship. As I said democracies have to work together. And by doing that, we are really, really doing some good right now. Of course, still lots of things to do. But we are moving in the right direction. WION: Moving in the right direction. One thing that needs to really be fast-tracked is perhaps the India-European Union Free Trade Agreement (FTA), how do you see the conversation on FTA going forward? Do you see any timeline for the conclusion, what has been the progress and what's your view if you can talk about Morten Løkkegaard: It's really very robust, the talks I would say. We had a meeting with the Minister for Commerce last night, and he's a very outspoken person and I'm very fond of that. I think it's very good to have these robust conversations about what's at stake. Again, both parties need this FTA agreement, we needed for growth but also for cooperation as such in times of geopolitical tensions. So I think there's a need to do something. It's very, it's very difficult. It's complicated stuff, because we are moving from the very opposite positions in Europe. We have a tradition for huge packages when we're doing FTAs. We have a lot of them, already. So we kind of, you know, introduced a way of dealing with these things, which is not very familiar to the Indians. I mean, as the Minister said, on Monday, we are usually always negotiating trade alone, not any other issues. Coming from Europe. We are also very interested in introducing chapters on climate, you know chapters about working conditions for workers and so on and so forth. It's part of the deal. So we need some political movement. Now. I think that the negotiators, the technical sides have used all forces they can use and now we need political decisions to be made on both sides. WION: Political decision on both sides, if you can just elaborate on that... Morten Løkkegaard: Yeah. I think that both sides need to understand that coming from very opposite positions. We need to do steps that we haven't done before. I would say this, this would take a paradigm shift in the way that we do negotiations and trade deals in Europe and this is of course not an easy step. So it's up to our leaders in Europe and now to decide how much we can give into this. And on the Indian side, you need to get out of your comfort zone, also when it comes to trade. You are a big nation you are a developing nation. You're doing things very fast at the moment. Maybe also too fast for the mental thinking, because what is needed is of course to get out of this comfort zone and to realize that you have to do a lot more on tariffs, you have to open your markets much more, you had to get used to the idea of more comprehensive packages, as I was suggesting, otherwise it will be difficult. WION: So, let's move to another direction that is the defence and security partnership. How do you see the relationship between the two sides India and the European Union working together convergences? And perhaps if there are certain divergences as well? Morten Løkkegaard: Yes, one area I would I would emphasise is the digital area. I mean, what very good news is that you will pass the law. On the Indian side about the digital, about data. We did the same. The European Parliament as the first parliament in the world just agreed on an AI law which you know, try to find the balance between innovation, making things happen for businesses and the protection of citizens and our data. And the good news is of course, that the Indian side has done the same thing. And now we have very intensively discussed during these two days, where we can find common ground with these two pieces of legislation. And this could also be an icebreaker when it comes to the to FTA, I think, that's a very good sign. WION: So, talking about the security and defence aspect to the Indo-Pacific Region and how both sides are working together. This increased aggressiveness by China. What do you have to say about that as well? Morten Løkkegaard: We are of course also very worried about aggressive actions and I think we can do a lot together with India, in rebalancing the issues here in the Indo-Pacific. Of course, this is also of much concern of the Americans. They are doing a lot of at the moment whenever you visit Washington. It's on everyone's mind the Indo-Pacific and the relationship with China. I think that we need to recalibrate the positions, the strategic work in the Asian area as such, and in the Indo-Pacific, and in order to do, that we need to cooperate even better also on cybersecurity, on security and defence and such. And then the good news is also that we have our security Defense Committee visiting various ministers these two days and good results. Very good, positive atmosphere. I think we can do a lot better.

EU MP Løkkegaard urges ‘political actions’ in FTA talks, stresses ‘Democratic connect’

The European union is turning its focus onto social media giant X as it launches an investigation under the digital services act. The probe, triggered partly by posts following Hamas' attacks on Israel, marks the first major examination under the new regulations. With the digital services act in force, very large online platforms like x are now under scrutiny for potential breaches.

EU probes social media giant X for content violations

The European Union (EU) has initiated its inaugural investigation under the Digital Services Act (DSA), focusing on social media giant X over suspected breaches, particularly related to posts following Hamas' attacks on Israel. <o:p></o:p>

The DSA, implemented in November last year, mandates large online platforms to take more robust measures against illegal content and threats to public security. The investigation will centre on combatting the dissemination of illegal content within the EU and assessing the effectiveness of measures, including X's recently introduced "Community Notes" feature for user-driven fact-checking, Reuters reported.<o:p></o:p>

The inquiry will scrutinise the data access X provides to researchers. Notably, over 100 studies on X, formerly known as Twitter, were altered or suspended due to restrictions imposed by its owner, Elon Musk, limiting access to the platform.<o:p></o:p>

While the investigation does not pronounce X guilty of any infringement, a senior EU official emphasised the grounds prompting the detailed scrutiny. X maintains its commitment to complying with the DSA and is actively cooperating with the regulatory process, asserting the importance of a non-politically influenced and law-abiding investigative process.<o:p></o:p>

In response to the EU's action, Elon Musk, owner of X, took to the platform, questioning EU industry chief Thierry Breton about similar actions against other social media platforms. Musk defended X's position, stating, "Because if you have those issues with this platform, and none are perfect, the others are much worse."<o:p></o:p>

The investigation stems from concerns raised by fake images and misleading information flooding X and other social media platforms following Hamas' attacks on Israel in October. EU Commissioner Thierry Breton reminded X, Meta, TikTok, and Alphabet of their DSA obligations. X, along with other platforms, highlighted steps to combat disinformation, while Musk challenged Breton over the disinformation charge.<o:p></o:p>

The EU Commission plans to conduct an in-depth investigation, involving additional information requests, interviews, and inspections. It will also review X's measures to enhance transparency and Blue check subscriptions. The DSA, imposing new rules on content moderation, user privacy, and transparency, holds the potential for fines up to 6 per cent of a firm's global turnover for any breach.<o:p></o:p>

(With inputs from Reuters)<o:p></o:p>

WATCH WION LIVE HERE

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe>

The European Union (EU) has initiated its inaugural investigation under the Digital Services Act (DSA), focusing on social media giant X over suspected breaches, particularly related to posts following Hamas' attacks on Israel.

The European Union (EU) has initiated its inaugural investigation under the Digital Services Act (DSA), focusing on social media giant X over suspected breaches, particularly related to posts following Hamas' attacks on Israel. The DSA, implemented in November last year, mandates large online platforms to take more robust measures against illegal content and threats to public security. The investigation will centre on combatting the dissemination of illegal content within the EU and assessing the effectiveness of measures, including X's recently introduced "Community Notes" feature for user-driven fact-checking, Reuters reported. The inquiry will scrutinise the data access X provides to researchers. Notably, over 100 studies on X, formerly known as Twitter, were altered or suspended due to restrictions imposed by its owner, Elon Musk, limiting access to the platform. While the investigation does not pronounce X guilty of any infringement, a senior EU official emphasised the grounds prompting the detailed scrutiny. X maintains its commitment to complying with the DSA and is actively cooperating with the regulatory process, asserting the importance of a non-politically influenced and law-abiding investigative process. In response to the EU's action, Elon Musk, owner of X, took to the platform, questioning EU industry chief Thierry Breton about similar actions against other social media platforms. Musk defended X's position, stating, "Because if you have those issues with this platform, and none are perfect, the others are much worse." The investigation stems from concerns raised by fake images and misleading information flooding X and other social media platforms following Hamas' attacks on Israel in October. EU Commissioner Thierry Breton reminded X, Meta, TikTok, and Alphabet of their DSA obligations. X, along with other platforms, highlighted steps to combat disinformation, while Musk challenged Breton over the disinformation charge. The EU Commission plans to conduct an in-depth investigation, involving additional information requests, interviews, and inspections. It will also review X's measures to enhance transparency and Blue check subscriptions. The DSA, imposing new rules on content moderation, user privacy, and transparency, holds the potential for fines up to 6 per cent of a firm's global turnover for any breach. (With inputs from Reuters) WATCH WION LIVE HERE

EU launches first probe under Digital Services Act, targets X over suspected violations

WION's Business Desk brings you this daily round-up of global stories from the world of business and economy.<o:p></o:p>

India contributes over 16pc to global growth, IMF report reveals strong economic performance<o:p></o:p>

India's strong economic performance has been lauded by the International Monetary Fund (IMF), which has projected that the country will contribute more than 16 per cent to global growth as a result of significant infrastructure and digitalisation reforms.<o:p></o:p>

<a href="https://www.wionews.com/business-economy/india-contributes-over-16pc-to-global-growth-imf-report-reveals-strong-economic-performance-671140">Read more here</a><o:p></o:p>

EU launches first probe under Digital Services Act, targets X over suspected violations<o:p></o:p>

Under the Digital Services Act (DSA), the European Union (EU) has launched its first inquiry, targeting social media behemoth X for alleged breaches, mostly pertaining to posts made in the wake of Hamas's attacks on Israel.<o:p></o:p>

<a href="https://www.wionews.com/business-economy/eu-launches-first-probe-under-digital-services-act-targets-x-over-suspected-violations-671151">Read more here</a><o:p></o:p>

Red Sea attacks disrupt global shipping: Coalition forming to tackle threat<o:p></o:p>

The United States is working quickly to form a coalition to counter the growing threat posed by recent attacks on ships in the Red Sea by Houthi insurgents from Yemen affiliated with Iran.<o:p></o:p>

<a href="https://www.wionews.com/business-economy/red-sea-attacks-disrupt-global-shipping-coalition-forming-to-tackle-threat-671164">Read more here</a><o:p></o:p>

Rupiah faces testing times as Indonesia gears up for elections<o:p></o:p>

The strength of the rupiah is being closely watched as Indonesia gets ready for its national elections in February 2024; experts see a possible downward trend in the value of the currency.<o:p></o:p>

<a href="https://www.wionews.com/business-economy/rupiah-faces-testing-times-as-indonesia-gears-up-for-elections-671201">Read more here</a><o:p></o:p>

India leads global remittance surge with projected 23pc increase to $125 bn in 2023<o:p></o:p>

As per the World Bank's latest Migration and Development Brief, India is expected to become the world's largest recipient of remittances in 2023, with an expected increase of more than 11 per cent, culminating in $125 billion.<o:p></o:p>

<a href="https://www.wionews.com/business-economy/india-leads-global-remittance-surge-with-projected-23pc-increase-to-125-bn-in-2023-671207">Read more here</a><o:p></o:p>

Turkey saves billions on Russian oil amid sanctions, boosting imports<o:p></o:p>

Turkey and Turkish businesses were able to dramatically increase imports of Russian oil and refined goods in 2023, saving them almost $2 billion in energy costs.<o:p></o:p>

<a href="https://www.wionews.com/business-economy/turkey-saves-billions-on-russian-oil-amid-sanctions-boosting-imports-671228">Read more here</a><o:p></o:p>

UPI transactions skyrocket, marking a 147pc surge in five years: Government Reports<o:p></o:p>

The Unified Payments Interface (UPI) has become the driving force behind an increase in digital payments, resulting in a 7.8 per cent growth in banknotes in circulation during the most recent fiscal year.<o:p></o:p>

<a href="https://www.wionews.com/business-economy/upi-transactions-skyrocket-marking-a-147pc-surge-in-five-years-government-reports-671247">Read more here</a><o:p></o:p>

Apple halts US sales of Series 9 and Ultra 2 smartwatches amid patent dispute<o:p></o:p>

Apple has announced the temporary suspension of sales for its Series 9 and Ultra 2 smartwatches in the United States due to a legal issue that affects the blood oxygen feature.<o:p></o:p>

<a href="https://www.wionews.com/business-economy/apple-halts-us-sales-of-series-9-and-ultra-2-smartwatches-amid-patent-dispute-671263">Read more here</a><o:p></o:p>

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WION's Business Desk brings you this daily round-up of global stories from the world of business and economy. India contributes over 16pc to global growth, IMF report reveals strong economic performance India's strong economic performance has been lauded by the International Monetary Fund (IMF), which has projected that the country will contribute more than 16 per cent to global growth as a result of significant infrastructure and digitalisation reforms.

WION's Business Desk brings you this daily round-up of global stories from the world of business and economy. India contributes over 16pc to global growth, IMF report reveals strong economic performance India's strong economic performance has been lauded by the International Monetary Fund (IMF), which has projected that the country will contribute more than 16 per cent to global growth as a result of significant infrastructure and digitalisation reforms. Read more here EU launches first probe under Digital Services Act, targets X over suspected violations Under the Digital Services Act (DSA), the European Union (EU) has launched its first inquiry, targeting social media behemoth X for alleged breaches, mostly pertaining to posts made in the wake of Hamas's attacks on Israel. Read more here Red Sea attacks disrupt global shipping: Coalition forming to tackle threat The United States is working quickly to form a coalition to counter the growing threat posed by recent attacks on ships in the Red Sea by Houthi insurgents from Yemen affiliated with Iran. Read more here Rupiah faces testing times as Indonesia gears up for elections The strength of the rupiah is being closely watched as Indonesia gets ready for its national elections in February 2024; experts see a possible downward trend in the value of the currency. Read more here India leads global remittance surge with projected 23pc increase to $125 bn in 2023 As per the World Bank's latest Migration and Development Brief, India is expected to become the world's largest recipient of remittances in 2023, with an expected increase of more than 11 per cent, culminating in $125 billion. Read more here Turkey saves billions on Russian oil amid sanctions, boosting imports Turkey and Turkish businesses were able to dramatically increase imports of Russian oil and refined goods in 2023, saving them almost $2 billion in energy costs. Read more here UPI transactions skyrocket, marking a 147pc surge in five years: Government Reports The Unified Payments Interface (UPI) has become the driving force behind an increase in digital payments, resulting in a 7.8 per cent growth in banknotes in circulation during the most recent fiscal year. Read more here Apple halts US sales of Series 9 and Ultra 2 smartwatches amid patent dispute Apple has announced the temporary suspension of sales for its Series 9 and Ultra 2 smartwatches in the United States due to a legal issue that affects the blood oxygen feature. Read more here WATCH WION LIVE HERE

WION Business Wrap | India’s 16pc contribution to global growth, EU’s probe on X, Red sea attacks & more

Greece has approved its 2024 budget, anticipating a boost in economic growth to 2.9 per cent from this year's 2.4 per cent, propelled by robust tourist revenues and increased EU funds for investment.<o:p></o:p>

According to Reuters, the approval, backed by 158 votes, reflects the majority support from Prime Minister Kyriakos Mitsotakis's conservative government in the 300-seat house.<o:p></o:p>

The Greek government, aiming to strengthen its financial position, sets a target of a 2.1 per cent primary budget surplus next year, an increase from the 1.1 per cent surplus recorded in the current fiscal year. The nation, once the most indebted in the euro zone, has seen a robust recovery since emerging from international bailouts in 2018, culminating in the restoration of its investment-grade status in 2023 after a 13-year hiatus.<o:p></o:p>

The 2024 budget allocates 1.4 billion euros to enhance income, including the long-awaited pay raises for civil servants, marking the first increase since 2010.<o:p></o:p>

According to the Associated Press, Prime Minister Mitsotakis expressed optimism, aiming for a 3 per cent economic growth based on the anticipated increase in investment spending. The forecasted GDP, adjusted for inflation, is expected to surpass 200 billion euros, a notable achievement since 2010.<o:p></o:p>

Mitsotakis addressed concerns over inflation, projecting an average of 2.8 per cent and allocating approximately 2.5 billion euros in subsidies to mitigate the impact on lower incomes, especially with soaring electricity prices.<o:p></o:p>

Despite the positive projections, Mitsotakis acknowledged persistent challenges, emphasising the need for bolder and deeper reforms to address structural weaknesses in the economy. The minimum wage is set to rise for the fourth time in three years in April, aiming to counter opposition claims of a job market dominated by low-paying precarious positions. Furthermore, civil servants, numbering 660,000, are set to witness real pay hikes in January, the first in 14 years.<o:p></o:p>

&nbsp;(With inputs from agencies)<o:p></o:p>

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Greece has approved its 2024 budget, anticipating a boost in economic growth to 2.9 per cent from this year's 2.4 per cent, propelled by robust tourist revenues and increased EU funds for investment.

Greece has approved its 2024 budget, anticipating a boost in economic growth to 2.9 per cent from this year's 2.4 per cent, propelled by robust tourist revenues and increased EU funds for investment. According to Reuters, the approval, backed by 158 votes, reflects the majority support from Prime Minister Kyriakos Mitsotakis's conservative government in the 300-seat house. The Greek government, aiming to strengthen its financial position, sets a target of a 2.1 per cent primary budget surplus next year, an increase from the 1.1 per cent surplus recorded in the current fiscal year. The nation, once the most indebted in the euro zone, has seen a robust recovery since emerging from international bailouts in 2018, culminating in the restoration of its investment-grade status in 2023 after a 13-year hiatus. The 2024 budget allocates 1.4 billion euros to enhance income, including the long-awaited pay raises for civil servants, marking the first increase since 2010. According to the Associated Press, Prime Minister Mitsotakis expressed optimism, aiming for a 3 per cent economic growth based on the anticipated increase in investment spending. The forecasted GDP, adjusted for inflation, is expected to surpass 200 billion euros, a notable achievement since 2010. Mitsotakis addressed concerns over inflation, projecting an average of 2.8 per cent and allocating approximately 2.5 billion euros in subsidies to mitigate the impact on lower incomes, especially with soaring electricity prices. Despite the positive projections, Mitsotakis acknowledged persistent challenges, emphasising the need for bolder and deeper reforms to address structural weaknesses in the economy. The minimum wage is set to rise for the fourth time in three years in April, aiming to counter opposition claims of a job market dominated by low-paying precarious positions. Furthermore, civil servants, numbering 660,000, are set to witness real pay hikes in January, the first in 14 years. (With inputs from agencies) WATCH WION LIVE HERE

Greece approves 2024 budget with optimistic growth projections and investment focus

The Irish government is planning to consider a request to alter the constitution in order to provide nature with a protected status. This could make Ireland the very first country in the European Union to bestow constitutional rights on nature for its protection.

The proposal, recommended by the Joint Committee on Environment and Climate Action, has recommended the government advance a referendum on safeguarding biodiversity.

This would grant nature rights similar to that of humans.

It came in response to a report by the Irish Citizens' Assembly on Biodiversity Loss.

In recent years, the Rights of Nature movement has become widely popular.

The movement seeks to recognise elements of nature such as trees, mountains, and rivers as entities with rights so that they can exist, flourish, be respected and be regenerated.

It also recognises the right of any person or organisation to safeguard and enforce the rights on behalf of nature.

Also read:&nbsp;<a href="https://www.wionews.com/world/uk-destroyer-shots-down-suspected-attack-drone-targeting-red-sea-shipping-670312">UK destroyer shoots down suspected attack drone 'targeting Red Sea shipping'</a>

Earlier, similar declarations were made in countries of South America.

New Zealand has also granted legal personhood to the Whanganui River.

Earlier in October this year, the Centre for Democratic and Environmental Rights&nbsp;appeared before the Joint Committee and testified about the reason why rights of nature needed to be recognised.

The team was backed by Dr Peter Doran of the Queen's University Belfast School of Law.

Executive director Mari Margil embraced the recommendation by the committee.

"We congratulate chairperson Brian Leddin and the Joint Committee for its work and taking this important step forward toward enshrining the rights of nature within Ireland's constitution," BBC quoted her as saying.

"Further, we look forward to the government and parliament's next steps to protect the rights of nature, and offer whatever assistance we can in this process," she added.

(With inputs from agencies) 
&nbsp;

The Irish government is planning to consider a request to alter the constitution in order to provide nature with a protected status. This could make Ireland the very first country in the European Union to bestow constitutional rights on nature for its protection.

The Irish government is planning to consider a request to alter the constitution in order to provide nature with a protected status. This could make Ireland the very first country in the European Union to bestow constitutional rights on nature for its protection. The proposal, recommended by the Joint Committee on Environment and Climate Action, has recommended the government advance a referendum on safeguarding biodiversity. This would grant nature rights similar to that of humans. It came in response to a report by the Irish Citizens' Assembly on Biodiversity Loss. In recent years, the Rights of Nature movement has become widely popular. The movement seeks to recognise elements of nature such as trees, mountains, and rivers as entities with rights so that they can exist, flourish, be respected and be regenerated. It also recognises the right of any person or organisation to safeguard and enforce the rights on behalf of nature. Also read: UK destroyer shoots down suspected attack drone 'targeting Red Sea shipping' Earlier, similar declarations were made in countries of South America. New Zealand has also granted legal personhood to the Whanganui River. Earlier in October this year, the Centre for Democratic and Environmental Rights appeared before the Joint Committee and testified about the reason why rights of nature needed to be recognised. The team was backed by Dr Peter Doran of the Queen's University Belfast School of Law. Executive director Mari Margil embraced the recommendation by the committee. "We congratulate chairperson Brian Leddin and the Joint Committee for its work and taking this important step forward toward enshrining the rights of nature within Ireland's constitution," BBC quoted her as saying. "Further, we look forward to the government and parliament's next steps to protect the rights of nature, and offer whatever assistance we can in this process," she added. (With inputs from agencies)

Ireland could become first country in EU to give ‘nature’ constitutional rights for protection

The European leaders have pledged to find a way to provide Aid to Ukraine after Hungary vetoed a $55 billion financial aid. On Friday 26 national leaders of the European Union in fact took a historic step of agreeing to start the accession negotiations of Ukraine.

European leaders pledge to find a way for Ukraine aid

Hungarian Prime Minister Victor Orban has said that Ukraine was in no way ready to join the bloc. He has made it clear that he will block a proposal to start negotiations on Ukraine's EU membership at a summit in Brussels. James Jackson, journalist, and political analyst in Germany & CE Europe joins us to discuss.

EU to open membership talks with Ukraine, Moldova | Hungary blocks EU aid | World News | WION

European Union calls Hungary OM Orban's bluff, sidesteps him to open membership talks with Ukraine

Austria is making a diplomatic move to have Raiffeisen Bank International, the largest Western bank in Russia, removed from a Ukrainian blacklist in exchange for endorsing new European Union sanctions against Russia, Reuters reported.<o:p></o:p>

The manoeuvre highlights Austria's economic connections with Russia, the bank's determination to sustain its lucrative business in the country, and a diminishing Western effort to isolate Moscow.<o:p></o:p>

Austria and Raiffeisen are pushing for the bank's removal from a Ukrainian list termed "international sponsors of war," which aims to publicly shame companies engaged in business with Russia, implicating support for the war effort through activities like tax payments. Despite Austria's public support for Ukraine, several officials express reluctance to sever decades-old ties with Russia, believing in the possibility of restoring relations.<o:p></o:p>

In October, Austria's Foreign Minister, Alexander Schallenberg, openly criticised the blacklist as arbitrary during a European ministers' meeting in Kyiv, as reported by a person briefed on the discussions. Raiffeisen remains the sole Austrian company on the contentious list. Austrian officials have conveyed their concerns about the list in Brussels, raising the issue at meetings with EU officials and diplomats in recent weeks.<o:p></o:p>

Bank representatives have engaged with Ukraine's National Agency of Corruption Prevention, responsible for the list, to explore avenues for Raiffeisen's removal. While some companies, like Hungary's OTP Bank, have been successfully delisted due to government intervention, this move has displeased Austrian officials and Raiffeisen.<o:p></o:p>

A Raiffeisen spokesperson expressed dissatisfaction, stating, "We find it unfair that we are on the list." The Austrian chancellery acknowledged the presentation of legal documents related to EU sanctions but refrained from providing further comments.<o:p></o:p>

Raiffeisen's presence in Russia underscores the deep economic ties between Austria and Russia, facilitated by Russian gas pipelines and financial connections. Austria's lobbying efforts, echoing Hungary's actions, risk undermining Europe's unity on the Ukrainian issue.<o:p></o:p>

While the Ukrainian blacklist lacks legal standing, its symbolic importance adds pressure on Raiffeisen to withdraw from Russia. The bank has expressed willingness to exit Russia, but concrete actions are yet to materialise. Raiffeisen had planned to spin off its Russian business, facing international regulatory pressure. Despite internal divisions within Raiffeisen's management and among the controlling Landesbanks, key Austrian officials are staunchly supporting the bank, integral to the country's economy.<o:p></o:p>

Raiffeisen, with approximately 2,600 corporate customers, 4 million local account holders, and 10,000 staff in Russia, has become a litmus test for Western resolve to sever ties with Russia. Russian authorities have signalled a desire for Raiffeisen to stay, citing its role in facilitating international payments.<o:p></o:p>

(With inputs from Reuters)<o:p></o:p>

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Austria is making a diplomatic move to have Raiffeisen Bank International, the largest Western bank in Russia, removed from a Ukrainian blacklist in exchange for endorsing new European Union sanctions against Russia, Reuters reported.

Austria is making a diplomatic move to have Raiffeisen Bank International, the largest Western bank in Russia, removed from a Ukrainian blacklist in exchange for endorsing new European Union sanctions against Russia, Reuters reported. The manoeuvre highlights Austria's economic connections with Russia, the bank's determination to sustain its lucrative business in the country, and a diminishing Western effort to isolate Moscow. Austria and Raiffeisen are pushing for the bank's removal from a Ukrainian list termed "international sponsors of war," which aims to publicly shame companies engaged in business with Russia, implicating support for the war effort through activities like tax payments. Despite Austria's public support for Ukraine, several officials express reluctance to sever decades-old ties with Russia, believing in the possibility of restoring relations. In October, Austria's Foreign Minister, Alexander Schallenberg, openly criticised the blacklist as arbitrary during a European ministers' meeting in Kyiv, as reported by a person briefed on the discussions. Raiffeisen remains the sole Austrian company on the contentious list. Austrian officials have conveyed their concerns about the list in Brussels, raising the issue at meetings with EU officials and diplomats in recent weeks. Bank representatives have engaged with Ukraine's National Agency of Corruption Prevention, responsible for the list, to explore avenues for Raiffeisen's removal. While some companies, like Hungary's OTP Bank, have been successfully delisted due to government intervention, this move has displeased Austrian officials and Raiffeisen. A Raiffeisen spokesperson expressed dissatisfaction, stating, "We find it unfair that we are on the list." The Austrian chancellery acknowledged the presentation of legal documents related to EU sanctions but refrained from providing further comments. Raiffeisen's presence in Russia underscores the deep economic ties between Austria and Russia, facilitated by Russian gas pipelines and financial connections. Austria's lobbying efforts, echoing Hungary's actions, risk undermining Europe's unity on the Ukrainian issue. While the Ukrainian blacklist lacks legal standing, its symbolic importance adds pressure on Raiffeisen to withdraw from Russia. The bank has expressed willingness to exit Russia, but concrete actions are yet to materialise. Raiffeisen had planned to spin off its Russian business, facing international regulatory pressure. Despite internal divisions within Raiffeisen's management and among the controlling Landesbanks, key Austrian officials are staunchly supporting the bank, integral to the country's economy. Raiffeisen, with approximately 2,600 corporate customers, 4 million local account holders, and 10,000 staff in Russia, has become a litmus test for Western resolve to sever ties with Russia. Russian authorities have signalled a desire for Raiffeisen to stay, citing its role in facilitating international payments. (With inputs from Reuters) WATCH WION LIVE HERE

Austria challenges Ukrainian blacklist to safeguard business ties with Russia

resident Volodymyr Zelenskiy said on Wednesday that Hungarian Prime Minister Viktor Orban had no reason to block Ukraine's EU membership. But why is Hungary blocking Ukraine's EU membership bid? Watch this video to find out.

Why is Hungary blocking Ukraine's EU membership bid?

Hungary blocks Ukraine's EU membership bid

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