A draft of a potential climate deal at the COP28 summit on Monday suggested a range of measures countries could take to slash greenhouse gas emissions, but omitted the "phase out" of fossil fuels many nations have demanded - drawing criticism from the U.S., EU and climate-vulnerable countries.

New COP28 draft deal stops short of fossil fuel 'phase out'

Rising investments in ai prove that it's going to be the most disruptive technology of the decade. But what about regulating this new tech? The EU seems to have cracked the code to that problem. Take a look to find out more...

EU strikes deal on 'historic' AI law | Achieves agreement

The European Union as a part of its historic agreement between the European Parliament and 27 member states will soon ban police and national security bodies in the EU from using real-time biometric data driven by artificial intelligence (AI) in most situations without judicial authorisation, reported The Guardian citing an official with knowledge of the text.

The landmark deal was signed following three days of negotiations, on Friday (Dec 8), but the officials, as per the British media report only revealed the operational details on Monday (Dec 11) since the final text is yet to be published.&nbsp;

<h2>Possible ban on&nbsp;AI biometric surveillance</h2>

The ban on surveillance will apply to public and private places, including parks and sports grounds, but in the event of specified serious crimes, a terrorist threat or urgent searches for victims will be exempted, reported The Guardian. However, the police will require prior approval from a judge or independent administrative authority.&nbsp;

ALSO WATCH |&nbsp;EU achieves agreement on landmark AI rules, becomes first major power to enact AI laws

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According to the report, it is only under most exceptional circumstances like a live terrorist threat that the police will be able to deploy the AI biometric tools without prior approval.&nbsp;

But they must still obtain authorisation within 24 hours and notify the authorities – including the relevant market surveillance authority and the data protection authority – with a “prior fundamental rights impact assessment,” reported The Guardian citing an EU official.&nbsp;

ALSO READ |&nbsp;<a href="https://www.wionews.com/world/eu-member-states-and-lawmakers-strike-deal-on-landmark-ai-law-667785">EU member states strike landmark deal on first-ever laws to regulate AI</a>

If approval by a judge or authority is not given, according to the report, the AI tool should be turned off immediately and all data extracted on a suspect or suspects deleted immediately. The EU and members of the European Parliament (MEP) have reportedly agreed on a specific list of 16 types of serious crimes which may be exempted from the ban.&nbsp;

<h2>Averting ‘predictive policing’</h2>

EU officials believe that these safeguards would avert the risk of what they have called “predictive policing” which according to the MEPs if used alongside racial profiling could discriminate against individuals.&nbsp;

ALSO READ |&nbsp;<a href="https://www.wionews.com/technology/elon-musk-may-take-x-out-of-europe-to-dodge-anti-fake-news-eu-regulation-report-648596">Elon Musk may take X out of Europe to dodge anti-fake news EU regulation: Report</a>

Notably, the use of AI in biometric surveillance had pitted policymakers who wanted to use it for national security, defence and military purposes against EU lawmakers who wanted to bar those uses because of concerns related to privacy.

The agreement signed last week has made the EU the first continent in the world to set clear rules for the use of AI.&nbsp;

(With inputs from agencies)

The European Union as a part of its historic agreement between the European Parliament and 27 member states will soon ban police and national security bodies in the EU from using real-time biometric data driven by artificial intelligence (AI) in most situations without judicial authorisation, reported The Guardian citing an official with knowledge of the text.

The European Union as a part of its historic agreement between the European Parliament and 27 member states will soon ban police and national security bodies in the EU from using real-time biometric data driven by artificial intelligence (AI) in most situations without judicial authorisation, reported The Guardian citing an official with knowledge of the text. The landmark deal was signed following three days of negotiations, on Friday (Dec 8), but the officials, as per the British media report only revealed the operational details on Monday (Dec 11) since the final text is yet to be published. Possible ban on AI biometric surveillance The ban on surveillance will apply to public and private places, including parks and sports grounds, but in the event of specified serious crimes, a terrorist threat or urgent searches for victims will be exempted, reported The Guardian. However, the police will require prior approval from a judge or independent administrative authority. ALSO WATCH | EU achieves agreement on landmark AI rules, becomes first major power to enact AI laws According to the report, it is only under most exceptional circumstances like a live terrorist threat that the police will be able to deploy the AI biometric tools without prior approval. But they must still obtain authorisation within 24 hours and notify the authorities – including the relevant market surveillance authority and the data protection authority – with a “prior fundamental rights impact assessment,” reported The Guardian citing an EU official. ALSO READ | EU member states strike landmark deal on first-ever laws to regulate AI If approval by a judge or authority is not given, according to the report, the AI tool should be turned off immediately and all data extracted on a suspect or suspects deleted immediately. The EU and members of the European Parliament (MEP) have reportedly agreed on a specific list of 16 types of serious crimes which may be exempted from the ban. Averting ‘predictive policing’ EU officials believe that these safeguards would avert the risk of what they have called “predictive policing” which according to the MEPs if used alongside racial profiling could discriminate against individuals. ALSO READ | Elon Musk may take X out of Europe to dodge anti-fake news EU regulation: Report Notably, the use of AI in biometric surveillance had pitted policymakers who wanted to use it for national security, defence and military purposes against EU lawmakers who wanted to bar those uses because of concerns related to privacy. The agreement signed last week has made the EU the first continent in the world to set clear rules for the use of AI. (With inputs from agencies)

EU to ban use of AI biometric surveillance by police without judicial authorisation: Report

The European Union has reached a landmark agreement on regulating Artificial Intelligence. This is all set to revolutionize the way we deal with technology.

EU achieves agreement on landmark AI rules, becomes first major power to enact AI laws

European Union (EU) Commissioner for Agriculture Janusz Wojciechowski is optimistic about the conclusion of India's European Union Free Trade Agreement next year. Speaking to our diplomatic correspondent Sidhant Sibal he said, "Free Trade Agreement which is very important because there is huge potential for improvement of our trade relations.. Of course the free trade agreement. I hope that next year will be real progress, and this agreement will be finalized". He also lauded Indian farmers, highlighting, " As a commissioner in the European Union, I'm very much in favor of the small and medium-sized family farms. But this is the secret of Indian agriculture. Because the majority of farms in India are one- two-hectare, small farms, but they are very productive in the world". The commissioner is leading a business delegation of 50+ EU company representatives from the agri-food sector and held meetings with the Minister of Fisheries, Animal Husbandry, and Dairying Parshottam Rupala.

EU Agriculture Commissioner Wojciechowski upbeat on India-EU FTA, Lauds Indian farmers

A year after Qatargate, a corruption scandal that rocked the European Parliament, Belgium's probe seems far from resolution. The country's Chief Federal prosecutor insists that the investigation is moving ahead but has expressed concern over the constant leaks and enormous pressure in the case.

Qatargate: A year after a political scandal roiled EU, what has changed?

In a groundbreaking move, the European Union (EU)&nbsp; on Friday, Dec 8,&nbsp;clinched a landmark deal on laws that would govern the use of Artificial Intelligence (AI) and ways to regulate AI models such as ChatGPT.

With this, the European Union has become the first continent in the world to set clear rules for the use of artificial intelligence.

The deal between EU member states came nearly after 36 hours of negotiations. They&nbsp;are set to list out details in the coming days that could shape the final legislation&nbsp;

"Historic! With the political deal on the AI Act sealed today, the EU becomes the first continent to set clear rules for the use of AI," declared the EU's internal market commissioner, Thierry Breton.

"The AI Act is much more than a rulebook -- it's a launchpad for EU startups and researchers to lead the global race for trustworthy AI," he added.

During their meeting in Brussels, negotiators listed curbs on how AI could be used in Europe, which they stated would not hamper the innovation and also not affect the opportunities for future European AI champions.

Also read:&nbsp;<a href="https://www.wionews.com/world/seven-mortars-fired-at-us-embassy-in-baghdad-amid-israel-hamas-war-washington-strongly-condemns-667782">US embassy in Baghdad struck with 7 mortars amid Israel-Hamas war</a>

This would give the users the right to launch complaints and also receive explanations, whereas fines for violations would range from 7.5 million euros or 1.5% of turnover to 35 million euros or 7% of global turnover.&nbsp;

<h2>AI rules would help develop trustworthy technology, says Ursula</h2>

Describing the significance of the groundbreaking deal, European Commission President Ursula von der Leyen said that the artificial intelligence rules would provide a legal framework to design a technology that is trustworthy and does not jeopardise the safety or affect the fundamental rights of citizens as well as businesses.

One of the European Parliament's lead negotiators, Dragos Tudorache said the&nbsp;rules target large powerful AI models, assuring they don't present systemic risks to the EU.

The use of AI in biometric surveillance had pitted policymakers who wanted to use it for national security, defence and military purposes against EU lawmakers who wanted to bar those uses because of concerns related to privacy.

(With inputs from agencies)&nbsp;

In a groundbreaking move, the European Union (EU) on Friday, Dec 8, clinched a landmark deal on laws that would govern the use of Artificial Intelligence (AI) and ways to regulate AI models such as ChatGPT.

In a groundbreaking move, the European Union (EU) on Friday, Dec 8, clinched a landmark deal on laws that would govern the use of Artificial Intelligence (AI) and ways to regulate AI models such as ChatGPT. With this, the European Union has become the first continent in the world to set clear rules for the use of artificial intelligence. The deal between EU member states came nearly after 36 hours of negotiations. They are set to list out details in the coming days that could shape the final legislation "Historic! With the political deal on the AI Act sealed today, the EU becomes the first continent to set clear rules for the use of AI," declared the EU's internal market commissioner, Thierry Breton. "The AI Act is much more than a rulebook -- it's a launchpad for EU startups and researchers to lead the global race for trustworthy AI," he added. During their meeting in Brussels, negotiators listed curbs on how AI could be used in Europe, which they stated would not hamper the innovation and also not affect the opportunities for future European AI champions. Also read: US embassy in Baghdad struck with 7 mortars amid Israel-Hamas war This would give the users the right to launch complaints and also receive explanations, whereas fines for violations would range from 7.5 million euros or 1.5% of turnover to 35 million euros or 7% of global turnover. AI rules would help develop trustworthy technology, says Ursula Describing the significance of the groundbreaking deal, European Commission President Ursula von der Leyen said that the artificial intelligence rules would provide a legal framework to design a technology that is trustworthy and does not jeopardise the safety or affect the fundamental rights of citizens as well as businesses. One of the European Parliament's lead negotiators, Dragos Tudorache said the rules target large powerful AI models, assuring they don't present systemic risks to the EU. The use of AI in biometric surveillance had pitted policymakers who wanted to use it for national security, defence and military purposes against EU lawmakers who wanted to bar those uses because of concerns related to privacy. (With inputs from agencies)

EU member states strike landmark deal on first-ever laws to regulate AI

The European Union President Ursula von der de Leyen told Chinese leader Xi Jinping that the block and its biggest trading partner must address their differences as they began the first in-person EU-China Summit in over four years.

EU-China Summit | Xi: China & EU must jointly respond to global challenges

EU-China Summit: Top European Union officials meet with Xi in China Summit

Prior to their visit, visiting leaders Josep Borrell, the top EU diplomat, Charles Michel, the president of the European Council, and Ursula von der Leyen, the president of the European Commission, indicated that they were prepared to press Xi and Premier Li Qiang on a number of economic issues. The EU's most significant trading partner is China.

Top European Union officials meet with Xi in EU-China summit

Meta is in hot water as they are facing pressure from EU tech regulators. Meta has been asked to provide more details on how they are handling child sexual abuse material on Instagram.

EU demands strict action from Meta for online content contro

Niger's military leaders said Monday that they were ending two European Union security and defence missions in the country, after earlier in the day agreeing to strengthen military cooperation with Russia.&nbsp;

The Nigerien foreign ministry said that it was ending the agreement between Niger and the EU regarding the Niamey-based civilian capacity-building mission called EUCAP Sahel Niger.&nbsp;

The mission, launched in 2012, supports Niger's internal security forces, authorities and non-governmental actors.&nbsp;

Niger's foreign ministry also announced in a press statement the "withdrawal by the State of Niger of consent for the deployment of an EU military partnership mission" in Niger.

The military partnership known as EUMPM was launched in February "at the request of the Nigerien authorities", according to the EU Council website.

It was designed to "enhance the ability of the Niger Armed Forces to contain the terrorist threat," the website said.

The West African nation is battling two jihadist insurgencies -- a spillover in its southeast from a long-running conflict in neighbouring Nigeria, and an offensive in the west by militants crossing from Mali and Burkina Faso.

The country has been ruled by military leaders since the overthrow of elected President Mohamed Bazoum in July, which prompted international condemnation.&nbsp;

The military regime has distanced itself from Niger's hitherto close European partners, notably France, and has drawn closer to two of its neighbours, Mali and Burkina Faso, which after recent coups are also run by militaries that have chosen to partner with Russia.&nbsp;

<h2>New allies&nbsp;</h2>

Former colonial ruler France has also begun withdrawing its 1,500 troops from Niger following demands by the military leaders after the ousting of Bazoum, a key ally of Paris.

Meanwhile a Russian delegation led by the deputy defence minister met with Niger's authorities in Niamey on Monday, with the two countries agreeing to strengthen military cooperation.

The trip was the first official visit by a member of the Russian government since the coup in Niger on July 26.

The delegation led by Colonel-General Yunus-Bek Yevkurov was hosted for talks by the head of Niger's military government General Abdourahamane Tiani.

The parties "signed documents to strengthen military cooperation between the Republic of Niger and the Russian Federation," according to Nigerien authorities.&nbsp;

The military regimes in Mali, Niger and Burkina Faso are all battling long-running jihadist insurgencies and have come together to support the creation of an Alliance of Sahel States, establishing closer economic ties and mutual defence assistance.

Burkina Faso and Niger on Saturday also joined Mali in quitting the G5 anti-jihadist force in Africa's Sahel region, the latest blow to the fight against insurgents in one of the world's most troubled zones.

Burkina and Niger "have decided in full sovereignty to quit all instances of the G5 Sahel, including the joint force" as of November 29, the two countries said in a statement.

Only Chad and Mauritania now remain in the G5, whose military deployment is largely financed by the European Union.

Niger's military leaders said Monday that they were ending two European Union security and defence missions in the country, after earlier in the day agreeing to strengthen military cooperation with Russia.

Niger's military leaders said Monday that they were ending two European Union security and defence missions in the country, after earlier in the day agreeing to strengthen military cooperation with Russia. The Nigerien foreign ministry said that it was ending the agreement between Niger and the EU regarding the Niamey-based civilian capacity-building mission called EUCAP Sahel Niger. The mission, launched in 2012, supports Niger's internal security forces, authorities and non-governmental actors. Niger's foreign ministry also announced in a press statement the "withdrawal by the State of Niger of consent for the deployment of an EU military partnership mission" in Niger. The military partnership known as EUMPM was launched in February "at the request of the Nigerien authorities", according to the EU Council website. It was designed to "enhance the ability of the Niger Armed Forces to contain the terrorist threat," the website said. The West African nation is battling two jihadist insurgencies -- a spillover in its southeast from a long-running conflict in neighbouring Nigeria, and an offensive in the west by militants crossing from Mali and Burkina Faso. The country has been ruled by military leaders since the overthrow of elected President Mohamed Bazoum in July, which prompted international condemnation. The military regime has distanced itself from Niger's hitherto close European partners, notably France, and has drawn closer to two of its neighbours, Mali and Burkina Faso, which after recent coups are also run by militaries that have chosen to partner with Russia. New allies Former colonial ruler France has also begun withdrawing its 1,500 troops from Niger following demands by the military leaders after the ousting of Bazoum, a key ally of Paris. Meanwhile a Russian delegation led by the deputy defence minister met with Niger's authorities in Niamey on Monday, with the two countries agreeing to strengthen military cooperation. The trip was the first official visit by a member of the Russian government since the coup in Niger on July 26. The delegation led by Colonel-General Yunus-Bek Yevkurov was hosted for talks by the head of Niger's military government General Abdourahamane Tiani. The parties "signed documents to strengthen military cooperation between the Republic of Niger and the Russian Federation," according to Nigerien authorities. The military regimes in Mali, Niger and Burkina Faso are all battling long-running jihadist insurgencies and have come together to support the creation of an Alliance of Sahel States, establishing closer economic ties and mutual defence assistance. Burkina Faso and Niger on Saturday also joined Mali in quitting the G5 anti-jihadist force in Africa's Sahel region, the latest blow to the fight against insurgents in one of the world's most troubled zones. Burkina and Niger "have decided in full sovereignty to quit all instances of the G5 Sahel, including the joint force" as of November 29, the two countries said in a statement. Only Chad and Mauritania now remain in the G5, whose military deployment is largely financed by the European Union.

Niger ends security and defence partnerships with the EU

The European Union (EU) regulators on Friday (Dec 1) pulled Meta, asking the company to provide more details on measures it had taken to tackle self-generated child sexual abuse material (SC-CSAM) available on its highly popular photo and video sharing app Instagram.&nbsp;&nbsp;

The EU has given a December 22 deadline to the company to submit its answer. Failure to do so will result in a formal investigation under the new EU online content rules.&nbsp;

Notably, under the&nbsp;EU's Digital Services Act (DSA), big tech companies are required to do more to police illegal and harmful content on their platform.&nbsp;

“The Commission is requesting Meta to provide additional information on the measures it has taken to comply with its obligations to assess risks and take effective mitigation measures linked to the protection of minors, including regarding the circulation of SG-CSAM on Instagram,"&nbsp;the European Commission said in a statement on its latest query.

"Information is also requested about Instagram’s recommender system and amplification of potentially harmful content."

It was in October that the bloc first sent a request for information regarding the measures taken to counter the spread of terrorist and violent content. A month later, a second request was directed, seeking information regarding measures to protect minors.&nbsp;&nbsp;

<a href="https://www.wionews.com/videos/metas-instagram-under-fire-for-showing-sexual-videos-of-young-users-wion-dispatch-664357">Watch |&nbsp;Meta's Instagram under fire for showing sexual videos of young users</a>

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<h2>Instagram - a den of paedophiles</h2>

EU pressing Meta for information comes after a Wall Street Journal report, earlier this year claimed that Instagram was struggling to clean&nbsp;child sexual abuse material.

The report added that Instagram's algorithms were connecting a series of accounts which were being used for&nbsp;making, buying and trading underage sex content.

<a href="https://www.wionews.com/technology/meta-sets-up-task-force-to-probe-claims-of-instagram-hosting-trade-of-child-sex-abuse-materials-reports-602038">Also read |&nbsp;Instagram 'most important platform' for child sex abuse networks: Report</a>

Another follow-up report by the publication a few days ago stated that Instagram had failed to rectify the problem as paedophiles roamed the digital alleys of the popular social media platform.&nbsp;

“Five months later, tests conducted by the Journal as well as by the Canadian Centre for Child Protection show that Meta’s recommendation systems still promote such content."

A year ago, Meta was fined nearly half a billion dollars after the platform was found to have violated the bloc's data protection rules for minors. It was the largest&nbsp;General Data Protection Regulation (GDPR)&nbsp;penalty that the EU had imposed on a social media giant to date.&nbsp;

(With inputs from agencies)

The European Union (EU) regulators on Friday (Dec 1) pulled Meta, asking the company to provide more details on measures it had taken to tackle self-generated child sexual abuse material (SC-CSAM) available on its highly popular photo and video sharing app Instagram.

The European Union (EU) regulators on Friday (Dec 1) pulled Meta, asking the company to provide more details on measures it had taken to tackle self-generated child sexual abuse material (SC-CSAM) available on its highly popular photo and video sharing app Instagram. The EU has given a December 22 deadline to the company to submit its answer. Failure to do so will result in a formal investigation under the new EU online content rules. Notably, under the EU's Digital Services Act (DSA), big tech companies are required to do more to police illegal and harmful content on their platform. “The Commission is requesting Meta to provide additional information on the measures it has taken to comply with its obligations to assess risks and take effective mitigation measures linked to the protection of minors, including regarding the circulation of SG-CSAM on Instagram," the European Commission said in a statement on its latest query. "Information is also requested about Instagram’s recommender system and amplification of potentially harmful content." It was in October that the bloc first sent a request for information regarding the measures taken to counter the spread of terrorist and violent content. A month later, a second request was directed, seeking information regarding measures to protect minors. Watch | Meta's Instagram under fire for showing sexual videos of young users × Instagram - a den of paedophiles EU pressing Meta for information comes after a Wall Street Journal report, earlier this year claimed that Instagram was struggling to clean child sexual abuse material. The report added that Instagram's algorithms were connecting a series of accounts which were being used for making, buying and trading underage sex content. Also read | Instagram 'most important platform' for child sex abuse networks: Report Another follow-up report by the publication a few days ago stated that Instagram had failed to rectify the problem as paedophiles roamed the digital alleys of the popular social media platform. “Five months later, tests conducted by the Journal as well as by the Canadian Centre for Child Protection show that Meta’s recommendation systems still promote such content." A year ago, Meta was fined nearly half a billion dollars after the platform was found to have violated the bloc's data protection rules for minors. It was the largest General Data Protection Regulation (GDPR) penalty that the EU had imposed on a social media giant to date. (With inputs from agencies)

Meta served deadline by EU to come up with answers regarding child abuse material on Instagram

In the Euro zone, the economy is flirting with recession. While economic activity marginally improved in November, consumers are cutting down on spending. this could eventually lead to the economy contracting in the coming weeks.

Economy on track to contract in October-December quarter | World Business Watch

A high-stakes battle unfolds in the European Union as tech giants and emerging start-ups join forces to fend off what they call 'innovation-strangling' regulations on Artificial Intelligence. As EU countries and lawmakers enter the final stretch of negotiations, the spotlight is on foundation models, including OpenAI's ChatGPT.

Tech giants & start-ups unite against overregulation | World Business Watch

European Space Agency’s (ESA) Jupiter Icy Moons Explorer (JUICE) probe will use double gravity assist, for the first time ever, from Earth and Moon to propel itself towards Jupiter. The gas giant-bound spacecraft was launched earlier this year, to study the planet as well as its three icy and potentially ocean-bearing moons – Ganymede, Callisto and Europa.&nbsp;

<h2>Setting the stage</h2>

Last week, the JUICE probe performed what the ESA described as its “largest and most important manoeuvres in its eight-year journey to Jupiter.”&nbsp;

The manoeuvre was a 43-minute burn using its main engine and around 10 per cent of the probe’s entire fuel reserve to change its orbit around the Sun ahead of its flyby and set the stage for next summer’s Earth-Moon double gravity assist.&nbsp;

“This manoeuvre used up roughly 363 kilograms of fuel – or almost exactly 10% of the 3,650 kilograms of fuel that JUICE was launched with,” Julia Schwartz, Flight Dynamics Engineer at ESA’s ESOC mission control centre in Germany, said in a statement.

ALSO READ |&nbsp;<a href="https://www.wionews.com/science/explained-get-the-dope-on-juice-europes-mission-to-find-aliens-582516">Explained | Get the dope on JUICE, Europe’s mission to find aliens</a>

The move on November 17, marked the first of a two-part manoeuvre, which is a first-of-its-kind flyby where the probe will first pass by the Moon to gain momentum and make the flyby Earth a day and a half later.&nbsp;

“This first burn did 95% of the work, changing Juice’s velocity by almost 200 m/s,” Schwartz added.&nbsp;

The ESA scientist explained that given that JUICE is among the heaviest interplanetary spacecraft ever launched with a total weight of around 6000 kg, “it took a lot of force and a lot of fuel to achieve this.”

Gravity assist is a technique by which a spacecraft, with the help of the gravitational field of a planet, gets a speed boost.

However, it is tricky to do so, to execute a gravity assist, the spacecraft needs to pass through the planet’s gravitational field at a carefully calibrated exact point in order to get a “slingshot effect.”

This means that JUICE would have to arrive at the Earth-Moon system at precisely the correct time, and speed and be travelling in the correct direction.

<h2>What’s next?</h2>

While most of the work is done, the next step involves a second, much smaller manoeuvre which is necessary to put JUICE on the right trajectory for the Earth-Moon gravity assist. “Splitting the manoeuvre into two parts allows us to use the second firing of the engine to iron out any inaccuracies of the first,” the ESA engineer explained.&nbsp;

ALSO READ | <a href="https://www.wionews.com/science/esa-juice-mission-delayed-by-24-hours-due-to-bad-weather-582177">ESA JUICE mission delayed by 24 hours due to bad weather</a>

A much smaller manoeuvre would also be executed using Juice’s smaller thrusters in May 2024 for the final fine-tuning of the probe’s trajectory during its approach to Earth, said the ESA.

<h2>About the JUICE mission</h2>

ESA successfully launched its JUICE spacecraft from its spaceport in Kourou, French Guiana, on April 14.&nbsp;

JUICE aims to make detailed observations of the giant gas planet and its three large ocean-bearing moons and is equipped with remote sensing, geophysical and in situ instruments, but given the distance between the home planet and the gas giant, it won’t be able to do so before 2031.&nbsp; 
 
(With inputs from agencies)

European Space Agency’s (ESA) Jupiter Icy Moons Explorer (JUICE) probe will use double gravity assist, for the first time ever, from Earth and Moon to propel itself towards Jupiter.

European Space Agency’s (ESA) Jupiter Icy Moons Explorer (JUICE) probe will use double gravity assist, for the first time ever, from Earth and Moon to propel itself towards Jupiter. The gas giant-bound spacecraft was launched earlier this year, to study the planet as well as its three icy and potentially ocean-bearing moons – Ganymede, Callisto and Europa. Setting the stage Last week, the JUICE probe performed what the ESA described as its “largest and most important manoeuvres in its eight-year journey to Jupiter.” The manoeuvre was a 43-minute burn using its main engine and around 10 per cent of the probe’s entire fuel reserve to change its orbit around the Sun ahead of its flyby and set the stage for next summer’s Earth-Moon double gravity assist. “This manoeuvre used up roughly 363 kilograms of fuel – or almost exactly 10% of the 3,650 kilograms of fuel that JUICE was launched with,” Julia Schwartz, Flight Dynamics Engineer at ESA’s ESOC mission control centre in Germany, said in a statement. ALSO READ | Explained | Get the dope on JUICE, Europe’s mission to find aliens The move on November 17, marked the first of a two-part manoeuvre, which is a first-of-its-kind flyby where the probe will first pass by the Moon to gain momentum and make the flyby Earth a day and a half later. “This first burn did 95% of the work, changing Juice’s velocity by almost 200 m/s,” Schwartz added. The ESA scientist explained that given that JUICE is among the heaviest interplanetary spacecraft ever launched with a total weight of around 6000 kg, “it took a lot of force and a lot of fuel to achieve this.” Gravity assist is a technique by which a spacecraft, with the help of the gravitational field of a planet, gets a speed boost. However, it is tricky to do so, to execute a gravity assist, the spacecraft needs to pass through the planet’s gravitational field at a carefully calibrated exact point in order to get a “slingshot effect.” This means that JUICE would have to arrive at the Earth-Moon system at precisely the correct time, and speed and be travelling in the correct direction. What’s next? While most of the work is done, the next step involves a second, much smaller manoeuvre which is necessary to put JUICE on the right trajectory for the Earth-Moon gravity assist. “Splitting the manoeuvre into two parts allows us to use the second firing of the engine to iron out any inaccuracies of the first,” the ESA engineer explained. ALSO READ | ESA JUICE mission delayed by 24 hours due to bad weather A much smaller manoeuvre would also be executed using Juice’s smaller thrusters in May 2024 for the final fine-tuning of the probe’s trajectory during its approach to Earth, said the ESA. About the JUICE mission ESA successfully launched its JUICE spacecraft from its spaceport in Kourou, French Guiana, on April 14. JUICE aims to make detailed observations of the giant gas planet and its three large ocean-bearing moons and is equipped with remote sensing, geophysical and in situ instruments, but given the distance between the home planet and the gas giant, it won’t be able to do so before 2031. (With inputs from agencies)

Europe’s JUICE probe set to use first-ever ‘double gravity assist’ from Earth and Moon for launch to Jupiter

Finland's Ambassador to India&nbsp;Kimmo Lähdevirta told WION that G20 under India's presidency has raised India's profile as the voice of the Global&nbsp;South. The envoy also exuded confidence in the potential that the India-Middle East Europe Economic Corridor (IMEC) holds. In a conversation with WION's Heena Sharma, the envoy also spoke at length about the ongoing India-EU Free Trade Agreement (FTA) negotiations, Finland's bilateral cooperation with India, the IMEC project, and, the unique framework called DESI (Digitalisation, Education, Sustainability and Innovation partnership).&nbsp;

Here's the full interview:&nbsp;

WION: India and Finland have traditionally historical ties. Next year in 2024, the countries will be completing 75 years of diplomatic relations. How do you look at it?&nbsp;

Finland's Ambassador: It's indeed an important milestone and I think we, as you said, have been enjoying a very good relationship. In the last few years it has become wider and deeper in many respects that we have, For example, we have partnerships in digitalisation, sustainability, regarding innovations, startups, and all kinds of things like that. Especially in the field of digitalization, Finland has a lot to offer to India because we have very advanced companies such as Nokia, who are developing solutions. Also here in India for 6G... already applying 5G here in India. We also have new interests in new areas such as quantum computing and atmospheric sciences, AI. To put things in order and make it more understandable we have also developed a new concept. We call it DESI. Coming from Digitalisation, Education, Environment, Sustainability, and Innovation. With this concept, we are trying to make the portfolio more visible and more understandable what we are doing together. Next week, we will have a visit of the Minister for Development Cooperation and Foreign Trade Mr. Tavio, attending the 2nd CII India Nordic Baltic Business Conclave. He will also have bilateral meetings, and also, will then launch DESI, here in India. It was launched in Finland this September.&nbsp;

Also Read |&nbsp;<a href="https://www.wionews.com/world/five-countries-request-for-war-crimes-investigation-in-palestinian-territories-660085">Five countries request for war crimes investigation in Palestinian territories</a>

WION: How do you look at India, as a collective voice for Global South and African countries?&nbsp;

Finland's Ambassador: India succeeded very well in hosting the G20, including the summit. It was really a worthwhile effort and also raised India's profile as a spokesperson for the Global South. I would congratulate India. Also, of course the membership of AU, which was also supported by the European Union, is an important indicator of the relevance of the African countries. I think that will also shape the agenda in the years to come.

WION: India and EU are vying to take forward the FTA negotiations. What is the current status and if agreed upon how it will benefit India and Finland?&nbsp;

Finland's Ambassador: India and EU are strategic partners and we have many areas of cooperation and many mutual interests so starting from that point of view I think it is very important that we would also have an FTA, an Investment protection agreement, and an agreement on geographical indications. So all these free agreements would be important for mutual benefits. I think always, the negotiations for agreements need to reach a compromise that is really mutually beneficial. So that is the starting point. I think the EU wants to have ambitious agreements that would go beyond the existing multinational rules and for example our commitments at the WTO. So modern agreements will then be on important areas like market access government procurement and also digital trade.

We certainly had hoped that the negotiations could have been completed or could be completed by the end of this year. But as time goes by, it becomes more and more difficult to reach that goal. And there are still negotiations coming up in December I think. But if a breakthrough is not achieved, let's say by early next year, then I think the elections both in India and the EU will cause a delay in the negotiation process.

Also Read |&nbsp;<a href="https://www.wionews.com/world/colorado-judge-rules-trump-can-stay-on-presidential-primary-ballot-despite-capitol-attack-incitement-660063">Colorado Judge rules Trump can stay on Presidential primary ballot despite Capitol attack incitement</a>

WION:&nbsp;The Israel war going on in the West Asian region has raised concerns about the viability of the IMEC project. How do you see it?&nbsp;

Finland's Ambassador: The project is a long-term project and it certainly has good logic behind it. So, I am still confident that the project has a lot of promise. But obviously, there has to be a resolution to the present conflict in the Middle East to enable the project to go forward. But in the long term, I am still very confident that it will have good potential.

Finland's Ambassador to India Kimmo Lähdevirta told WION that G20 under India's presidency has raised India's profile as the voice of the Global South. The envoy also exuded confidence in the potential that the India-Middle East Europe Economic Corridor (IMEC) holds.

Finland's Ambassador to India Kimmo Lähdevirta told WION that G20 under India's presidency has raised India's profile as the voice of the Global South. The envoy also exuded confidence in the potential that the India-Middle East Europe Economic Corridor (IMEC) holds. In a conversation with WION's Heena Sharma, the envoy also spoke at length about the ongoing India-EU Free Trade Agreement (FTA) negotiations, Finland's bilateral cooperation with India, the IMEC project, and, the unique framework called DESI (Digitalisation, Education, Sustainability and Innovation partnership). Here's the full interview: WION: India and Finland have traditionally historical ties. Next year in 2024, the countries will be completing 75 years of diplomatic relations. How do you look at it? Finland's Ambassador: It's indeed an important milestone and I think we, as you said, have been enjoying a very good relationship. In the last few years it has become wider and deeper in many respects that we have, For example, we have partnerships in digitalisation, sustainability, regarding innovations, startups, and all kinds of things like that. Especially in the field of digitalization, Finland has a lot to offer to India because we have very advanced companies such as Nokia, who are developing solutions. Also here in India for 6G... already applying 5G here in India. We also have new interests in new areas such as quantum computing and atmospheric sciences, AI. To put things in order and make it more understandable we have also developed a new concept. We call it DESI. Coming from Digitalisation, Education, Environment, Sustainability, and Innovation. With this concept, we are trying to make the portfolio more visible and more understandable what we are doing together. Next week, we will have a visit of the Minister for Development Cooperation and Foreign Trade Mr. Tavio, attending the 2nd CII India Nordic Baltic Business Conclave. He will also have bilateral meetings, and also, will then launch DESI, here in India. It was launched in Finland this September. Also Read | Five countries request for war crimes investigation in Palestinian territories WION: How do you look at India, as a collective voice for Global South and African countries? Finland's Ambassador: India succeeded very well in hosting the G20, including the summit. It was really a worthwhile effort and also raised India's profile as a spokesperson for the Global South. I would congratulate India. Also, of course the membership of AU, which was also supported by the European Union, is an important indicator of the relevance of the African countries. I think that will also shape the agenda in the years to come. WION: India and EU are vying to take forward the FTA negotiations. What is the current status and if agreed upon how it will benefit India and Finland? Finland's Ambassador: India and EU are strategic partners and we have many areas of cooperation and many mutual interests so starting from that point of view I think it is very important that we would also have an FTA, an Investment protection agreement, and an agreement on geographical indications. So all these free agreements would be important for mutual benefits. I think always, the negotiations for agreements need to reach a compromise that is really mutually beneficial. So that is the starting point. I think the EU wants to have ambitious agreements that would go beyond the existing multinational rules and for example our commitments at the WTO. So modern agreements will then be on important areas like market access government procurement and also digital trade. We certainly had hoped that the negotiations could have been completed or could be completed by the end of this year. But as time goes by, it becomes more and more difficult to reach that goal. And there are still negotiations coming up in December I think. But if a breakthrough is not achieved, let's say by early next year, then I think the elections both in India and the EU will cause a delay in the negotiation process. Also Read | Colorado Judge rules Trump can stay on Presidential primary ballot despite Capitol attack incitement WION: The Israel war going on in the West Asian region has raised concerns about the viability of the IMEC project. How do you see it? Finland's Ambassador: The project is a long-term project and it certainly has good logic behind it. So, I am still confident that the project has a lot of promise. But obviously, there has to be a resolution to the present conflict in the Middle East to enable the project to go forward. But in the long term, I am still very confident that it will have good potential.

G20 raised India's profile as voice of Global South, IMEC has potential: Finnish envoy to WION

In a major environmental triumph, the European Union has not only met but surpassed its climate goals. A 5.3% reduction in greenhouse gas emissions has been recorded in the second quarter of 2023.

EU sees 5.3% plunge in Q2 greenhouse gas emissions

The European Union (EU) has witnessed a substantial decrease of over 5 per cent in greenhouse gas emissions during the second quarter of 2023, according to data from Eurostat released on Wednesday.&nbsp;

According to Reuters, the figures reveal that the EU's emissions from April to June totalled 821 million tonnes of carbon dioxide equivalents, marking a 5.3 per cent decline compared to the same period the previous year.&nbsp;

Among the sectors contributing to this reduction, the electricity and gas supply sector experienced the most significant drop at 22 per cent, with manufacturing identified as the primary contributor to emissions, accounting for 23.5 per cent of the total.&nbsp;

The EU's commitment to combating climate change is evident in its ambitious policies, making it a global leader in this endeavour. The region has set a target to cut net emissions by 55 per cent from 1990 levels by 2030, a crucial step towards achieving net-zero emissions by 2050. Earlier this year, the EU further elevated its renewable energy share goal to 42.5 per cent by 2030, a considerable increase from the previous target of 32 per cent. &nbsp;

The push for renewable energy gained momentum after geopolitical events, particularly the Russian invasion of Ukraine, prompted the EU to reduce its reliance on Russian fossil fuels, turning towards locally produced, low-carbon energy sources like wind and solar power. Despite the commendable progress, challenges persist, with political and industry resistance to green objectives. &nbsp;

The decline in emissions is particularly noteworthy in certain EU member states, with Bulgaria leading the way with a substantial reduction of 23.7 per cent, followed closely by Estonia (-23.1 per cent) and the Netherlands (-10.3 per cent). This encouraging trend indicates that efforts to curb greenhouse gas emissions are making headway in various parts of the EU. &nbsp;

Moreover, Eurostat highlighted that out of the 21 EU members that reported a decrease in year-on-year emissions during the second quarter, ten countries achieved this while simultaneously experiencing economic growth, showcasing the compatibility of environmental conservation and economic development.&nbsp;

(With inputs from Reuters)&nbsp;

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 witnessed a substantial decrease of over 5 per cent in greenhouse gas emissions during the second quarter of 2023, according to data from Eurostat released on Wednesday.

The European Union (EU) has witnessed a substantial decrease of over 5 per cent in greenhouse gas emissions during the second quarter of 2023, according to data from Eurostat released on Wednesday. According to Reuters, the figures reveal that the EU's emissions from April to June totalled 821 million tonnes of carbon dioxide equivalents, marking a 5.3 per cent decline compared to the same period the previous year. Among the sectors contributing to this reduction, the electricity and gas supply sector experienced the most significant drop at 22 per cent, with manufacturing identified as the primary contributor to emissions, accounting for 23.5 per cent of the total. The EU's commitment to combating climate change is evident in its ambitious policies, making it a global leader in this endeavour. The region has set a target to cut net emissions by 55 per cent from 1990 levels by 2030, a crucial step towards achieving net-zero emissions by 2050. Earlier this year, the EU further elevated its renewable energy share goal to 42.5 per cent by 2030, a considerable increase from the previous target of 32 per cent. The push for renewable energy gained momentum after geopolitical events, particularly the Russian invasion of Ukraine, prompted the EU to reduce its reliance on Russian fossil fuels, turning towards locally produced, low-carbon energy sources like wind and solar power. Despite the commendable progress, challenges persist, with political and industry resistance to green objectives. The decline in emissions is particularly noteworthy in certain EU member states, with Bulgaria leading the way with a substantial reduction of 23.7 per cent, followed closely by Estonia (-23.1 per cent) and the Netherlands (-10.3 per cent). This encouraging trend indicates that efforts to curb greenhouse gas emissions are making headway in various parts of the EU. Moreover, Eurostat highlighted that out of the 21 EU members that reported a decrease in year-on-year emissions during the second quarter, ten countries achieved this while simultaneously experiencing economic growth, showcasing the compatibility of environmental conservation and economic development. (With inputs from Reuters) WATCH WION LIVE HERE

EU reports significant drop in greenhouse gas emissions during second quarter 

In a series of new sanctions against Russia, the European Commission has proposed a ban on imports of diamonds and liquid petroleum gas (LPG) from Moscow, EU diplomats said on Wednesday (Nov 15).

EU has also proposed to constrict the enactment of a price cap on Russian oil.

This comes as a part of the EU's 12th round of measures against Russia due to be discussed by its 27 member countries on Friday (Nov 17).

It also contains a ban on the transit through Russia of goods and technologies that could facilitate the country’s industrial capabilities, plus import bans on several metals.

The deal on the definitive package is expected to take weeks as it requires unanimous backing of all 27 EU states.

Also read:&nbsp;<a href="https://www.wionews.com/world/russia-plans-to-send-cosmonauts-to-moon-for-first-time-in-next-decade-658934">Russia plans to send cosmonauts to Moon for first time in next decade</a>

The proposal includes a ban on direct diamond imports from Russia from Jan 1, 2024, and the implementation from March of a traceability mechanism that would stop imports of Russian gems processed in third countries, news agency Reuters reported citing EU diplomatic sources.

It would apply to natural and synthetic diamonds, and jewellery, from the beginning of 2024 and to Russian diamonds processed in third countries from next September.&nbsp;

The traceability mechanism is meant to be coordinated with G7 countries, including the United States, Canada, Britain and Japan.

Also read:&nbsp;<a href="https://www.wionews.com/world/madagascar-imposes-curfew-in-antananarivo-ahead-of-presidential-elections-658872">Madagascar imposes curfew in Antananarivo ahead of presidential elections</a>

Russia's economy has been affected by the sanctions but is not fully devastated as it is somehow still managing to massively increase its military spending.&nbsp;

The latest measures by the EU are aimed at further cutting down Russia's war treasury by targeting its lucrative diamond exports, worth some $4 billion (3.7 billion euro) a year before the war.&nbsp;

(With inputs from agencies)

In a series of new sanctions against Russia, the European Commission has proposed a ban on imports of diamonds and liquid petroleum gas (LPG) from Moscow, EU diplomats said on Wednesday (Nov 15).

In a series of new sanctions against Russia, the European Commission has proposed a ban on imports of diamonds and liquid petroleum gas (LPG) from Moscow, EU diplomats said on Wednesday (Nov 15). EU has also proposed to constrict the enactment of a price cap on Russian oil. This comes as a part of the EU's 12th round of measures against Russia due to be discussed by its 27 member countries on Friday (Nov 17). It also contains a ban on the transit through Russia of goods and technologies that could facilitate the country’s industrial capabilities, plus import bans on several metals. The deal on the definitive package is expected to take weeks as it requires unanimous backing of all 27 EU states. Also read: Russia plans to send cosmonauts to Moon for first time in next decade The proposal includes a ban on direct diamond imports from Russia from Jan 1, 2024, and the implementation from March of a traceability mechanism that would stop imports of Russian gems processed in third countries, news agency Reuters reported citing EU diplomatic sources. It would apply to natural and synthetic diamonds, and jewellery, from the beginning of 2024 and to Russian diamonds processed in third countries from next September. The traceability mechanism is meant to be coordinated with G7 countries, including the United States, Canada, Britain and Japan. Also read: Madagascar imposes curfew in Antananarivo ahead of presidential elections Russia's economy has been affected by the sanctions but is not fully devastated as it is somehow still managing to massively increase its military spending. The latest measures by the EU are aimed at further cutting down Russia's war treasury by targeting its lucrative diamond exports, worth some $4 billion (3.7 billion euro) a year before the war. (With inputs from agencies)

EU Commission proposes ban on Russian diamond imports

WION's Business Desk brings you this daily round up of global stories from the world of business and economy.&nbsp;

Pakistan clinches initial IMF approval, eyes $700 million boost for fiscal stability&nbsp;

With the International Monetary Fund's (IMF) preliminary clearance for the disbursement of the next loan tranche from a $3 billion bailout programme, Pakistan has reached a significant turning point in its economic recovery journey.

<a href="https://www.wionews.com/business-economy/pakistan-clinches-initial-imf-approval-eyes-700-million-boost-for-fiscal-stability-659140">Read more here</a>

EU reports significant drop in greenhouse gas emissions during second quarter&nbsp;

According to figures from Eurostat issued on Wednesday, the European Union (EU) saw a significant decline in greenhouse gas emissions during the second quarter of 2023 of more than 5 per cent

<a href="https://www.wionews.com/business-economy/eu-reports-significant-drop-in-greenhouse-gas-emissions-during-second-quarter-659145">Read more here</a>

Elon Musk denies speculations surrounding Starlink’s IPO in 2024

Tech billionaire Elon Musk has refuted reports that SpaceX is considering an IPO for Starlink, its satellite broadband company, by 2024. In response to a claim from Bloomberg News that was circulated on social media, Musk called it "false."

<a href="https://www.wionews.com/business-economy/elon-musk-denies-speculations-surrounding-starlinks-ipo-in-2024-659147">Read more here &nbsp;</a>

India faces unprecedented trade deficit in October, driven by soaring gold imports&nbsp;

India announced that its merchandise trade imbalance for October reached an all-time high of $31.46 billion, exceeding the $20.50 billion forecast by economists. A notable increase in gold imports throughout the holiday season was blamed for part of the shortfall, which had a major effect on the trade balance.

<a href="https://www.wionews.com/business-economy/india-faces-unprecedented-trade-deficit-in-october-driven-by-soaring-gold-imports-659182">Read more here &nbsp;</a>

Cisco lowers annual forecasts as demand slows

The massive technology company Cisco Systems changed its revenue and profit projections for the entire year on Wednesday, indicating a slowdown in the market for its networking equipment. Concerns about the difficulties the company faces were reflected in the approximately 11 per cent decline in the company's shares that followed the statement.

<a href="https://www.wionews.com/business-economy/cisco-lowers-annual-forecasts-as-demand-slows-659199">Read more here&nbsp;</a>

Economic struggles dampen holiday cheer for toy makers&nbsp;

As the holidays draw near, toy manufacturers throughout the world prepare for difficult times as consumers in the US and Europe put necessities over wants, which will affect the predicted spike in sales of seasonal toys.&nbsp;

<a href="https://www.wionews.com/business-economy/economic-struggles-dampen-holiday-cheer-for-toy-makers-659204  ">Read more here</a>

Navigating Complexity: Pentagon's Fiscal Audit reveals varied outcomes amid strategic advances

For Fiscal Year 2023, the Department of Defence (DoD) encountered a challenging environment in the complicated field of financial audits. A disclaimer of opinion was issued following the audit of the Department's consolidated financial statements, which represented a range of results for its several parts.

<a href="https://www.wionews.com/business-economy/navigating-complexity-pentagons-fiscal-audit-reveals-varied-outcomes-amid-strategic-advances-659210">Read more here</a>

WATCH WION LIVE HERE

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WION's Business Desk brings you this daily round up of global stories from the world of business and economy. Pakistan clinches initial IMF approval, eyes $700 million boost for fiscal stability With the International Monetary Fund's (IMF) preliminary clearance for the disbursement of the next loan tranche from a $3 billion bailout programme, Pakistan has reached a significant turning point in its economic recovery journey.

WION's Business Desk brings you this daily round up of global stories from the world of business and economy. Pakistan clinches initial IMF approval, eyes $700 million boost for fiscal stability With the International Monetary Fund's (IMF) preliminary clearance for the disbursement of the next loan tranche from a $3 billion bailout programme, Pakistan has reached a significant turning point in its economic recovery journey. Read more here EU reports significant drop in greenhouse gas emissions during second quarter According to figures from Eurostat issued on Wednesday, the European Union (EU) saw a significant decline in greenhouse gas emissions during the second quarter of 2023 of more than 5 per cent Read more here Elon Musk denies speculations surrounding Starlink’s IPO in 2024 Tech billionaire Elon Musk has refuted reports that SpaceX is considering an IPO for Starlink, its satellite broadband company, by 2024. In response to a claim from Bloomberg News that was circulated on social media, Musk called it "false." Read more here India faces unprecedented trade deficit in October, driven by soaring gold imports India announced that its merchandise trade imbalance for October reached an all-time high of $31.46 billion, exceeding the $20.50 billion forecast by economists. A notable increase in gold imports throughout the holiday season was blamed for part of the shortfall, which had a major effect on the trade balance. Read more here Cisco lowers annual forecasts as demand slows The massive technology company Cisco Systems changed its revenue and profit projections for the entire year on Wednesday, indicating a slowdown in the market for its networking equipment. Concerns about the difficulties the company faces were reflected in the approximately 11 per cent decline in the company's shares that followed the statement. Read more here Economic struggles dampen holiday cheer for toy makers As the holidays draw near, toy manufacturers throughout the world prepare for difficult times as consumers in the US and Europe put necessities over wants, which will affect the predicted spike in sales of seasonal toys. Read more here Navigating Complexity: Pentagon's Fiscal Audit reveals varied outcomes amid strategic advances For Fiscal Year 2023, the Department of Defence (DoD) encountered a challenging environment in the complicated field of financial audits. A disclaimer of opinion was issued following the audit of the Department's consolidated financial statements, which represented a range of results for its several parts. Read more here WATCH WION LIVE HERE

Wion Business Wrap | EU's greenhouse gas emissions, Starlink's IPO & more

Apple encountered a potential setback as an adviser to the European Union's highest court contended that an EU tribunal made a mistake in its ruling, favouring Apple over a 13-billion-euro ($14 billion) tax order, Reuters reported on Thursday. &nbsp;

The tax case, a part of EU antitrust chief Margrethe Vestager's vigorous campaign against perceived unfair state aid between multinationals and EU nations, centres on Apple's alleged benefit from two decades of Irish tax rulings, artificially diminishing its tax obligations. According to the European Commission's 2016 decision, Apple's tax burden plummeted to as low as 0.005 per cent in 2014.&nbsp;

Advocate General Giovanni Pitruzzella at the EU Court of Justice (CJEU) challenges the General Court's 2020 decision that upheld Apple's appeal. Pitruzzella argues that the General Court made legal errors and failed "to assess correctly the substance and consequences of certain methodological errors that, according to the Commission decision, vitiated the tax rulings." &nbsp;

Recommending a reconsideration, he proposes setting aside the General Court ruling and referring the case back for a fresh evaluation. The CJEU is expected to make a final ruling in the upcoming months, following the usual practice of adopting about four in five such recommendations.&nbsp;

Despite both Apple and Dublin appealing the tax order, Apple had to transfer the entire amount to an escrow account in Ireland. The Irish government reiterates its position, stating that it provided no state aid to Apple. &nbsp;

Michael McGrath, an Irish official, maintained that Pitruzzella's opinion doesn't form part of the CJEU judgment but is considered in the final ruling. "It has always been, and remains, Ireland's position that the correct amount of Irish tax was paid, and that Ireland provided no state aid to Apple,” Reuters quoted McGrath as saying.&nbsp;

Reacting to the recent developments, an Apple spokesperson expresses gratitude to the court for its consideration, emphasising the General Court's previous ruling that Apple received "no selective advantage and no state aid." &nbsp;

Margrethe Vestager, recognised for the tax crackdown, has experienced a mixed record in court, achieving victories against companies like Stellantis while facing setbacks in cases involving Amazon and Starbucks. &nbsp;

Vestager is currently engaged in investigations into the tax arrangements of Inter IKEA, Nike, and Huhtamaki. &nbsp;

(With inputs from Reuters)&nbsp;

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>

Apple encountered a potential setback as an adviser to the European Union's highest court contended that an EU tribunal made a mistake in its ruling, favouring Apple over a 13-billion-euro ($14 billion) tax order, Reuters reported on Thursday.

Apple encountered a potential setback as an adviser to the European Union's highest court contended that an EU tribunal made a mistake in its ruling, favouring Apple over a 13-billion-euro ($14 billion) tax order, Reuters reported on Thursday. The tax case, a part of EU antitrust chief Margrethe Vestager's vigorous campaign against perceived unfair state aid between multinationals and EU nations, centres on Apple's alleged benefit from two decades of Irish tax rulings, artificially diminishing its tax obligations. According to the European Commission's 2016 decision, Apple's tax burden plummeted to as low as 0.005 per cent in 2014. Advocate General Giovanni Pitruzzella at the EU Court of Justice (CJEU) challenges the General Court's 2020 decision that upheld Apple's appeal. Pitruzzella argues that the General Court made legal errors and failed "to assess correctly the substance and consequences of certain methodological errors that, according to the Commission decision, vitiated the tax rulings." Recommending a reconsideration, he proposes setting aside the General Court ruling and referring the case back for a fresh evaluation. The CJEU is expected to make a final ruling in the upcoming months, following the usual practice of adopting about four in five such recommendations. Despite both Apple and Dublin appealing the tax order, Apple had to transfer the entire amount to an escrow account in Ireland. The Irish government reiterates its position, stating that it provided no state aid to Apple. Michael McGrath, an Irish official, maintained that Pitruzzella's opinion doesn't form part of the CJEU judgment but is considered in the final ruling. "It has always been, and remains, Ireland's position that the correct amount of Irish tax was paid, and that Ireland provided no state aid to Apple,” Reuters quoted McGrath as saying. Reacting to the recent developments, an Apple spokesperson expresses gratitude to the court for its consideration, emphasising the General Court's previous ruling that Apple received "no selective advantage and no state aid." Margrethe Vestager, recognised for the tax crackdown, has experienced a mixed record in court, achieving victories against companies like Stellantis while facing setbacks in cases involving Amazon and Starbucks. Vestager is currently engaged in investigations into the tax arrangements of Inter IKEA, Nike, and Huhtamaki. (With inputs from Reuters) WATCH WION LIVE HERE

Apple faces potential hurdle in EU tax battle, court adviser questions $14 bn ruling

The European Union on Friday (Nov 10) announced probes into tech giant Meta as well as social media firm Snap seeking details on measures taken by the companies to put a pause on the circulation of illegal content online.

The tech firms have been asked to elaborate on the ways they will safeguard children from harmful content on the internet, the European Commission said.

It had sent formal requests for information to the companies and they had until December 1 to respond.

This comes a day after similar probes were opened into YouTube and TikTok to check the measures in place to protect minors from illicit content.

These investigations are in the initial stage under the EU's Digital Services Act, which came into force in August and do not themselves comprise a declaration of legal infractions or a step towards penalising the firms. &nbsp;

Last month, the EU had launched probes into TikTok, X and Meta over the dissemination of disinformation amid an upsurge of violence between Israel and the Palestinian militant group Hamas.

Also read:&nbsp;<a href="https://www.wionews.com/world/polands-opposition-parties-reach-coalition-agreement-say-we-are-ready-to-govern-657346">Poland's opposition parties reach coalition agreement, say 'we are ready to govern'</a>

"I would ask you to be very vigilant to ensure strict compliance with the DSA rules on terms of service, on the requirement of timely, diligent and objective action following notices of illegal content in the EU, and on the need for proportionate and effective mitigation measures," the European Union's industry chief Thierry Breton&nbsp;told Meta CEO Mark Zuckerberg in a letter.&nbsp;

<div class="ui-state-default" contenteditable="false">
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<blockquote class="twitter-tweet">
The <a href="https://twitter.com/hashtag/DSA?src=hash&amp;ref_src=twsrc%5Etfw">#DSA</a> is here to protect free speech against arbitrary decisions, and at the same time protect our citizens &amp; democracies. 
 
My requests to <a href="https://twitter.com/hashtag/Meta?src=hash&amp;ref_src=twsrc%5Etfw">#Meta</a>’s Mark Zuckerberg following the terrorist attacks by Hamas against Israel — and on tackling disinformation in elections in the EU ⤵️ <a href="https://t.co/RnetUriRJX">pic.twitter.com/RnetUriRJX</a>
— Thierry Breton (@ThierryBreton) <a href="https://twitter.com/ThierryBreton/status/1712126600873931150?ref_src=twsrc%5Etfw">October 11, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

&nbsp;

EU's top tech regulator&nbsp;had also warned Elon Musk that his social media platform X was spreading "illegal content and disinformation".&nbsp;

<div class="ui-state-default" contenteditable="false">
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<blockquote class="twitter-tweet">
Following the terrorist attacks by Hamas against 🇮🇱, we have indications of X/Twitter being used to disseminate illegal content &amp; disinformation in the EU. 
 
Urgent letter to <a href="https://twitter.com/elonmusk?ref_src=twsrc%5Etfw">@elonmusk</a> on <a href="https://twitter.com/hashtag/DSA?src=hash&amp;ref_src=twsrc%5Etfw">#DSA</a> obligations ⤵️ <a href="https://t.co/avMm1LHq54">pic.twitter.com/avMm1LHq54</a>
— Thierry Breton (@ThierryBreton) <a href="https://twitter.com/ThierryBreton/status/1711808891757944866?ref_src=twsrc%5Etfw">October 10, 2023</a></blockquote>
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&nbsp;

"Following the terrorist attacks carried out by Hamas against Israel, we have indications that your platform is being used to disseminate illegal content and disinformation in the EU," he wrote in the letter.

(With inputs from agencies) 
&nbsp;

The European Union on Friday (Nov 10) announced probes into tech giant Meta as well as social media firm Snap seeking details on measures taken by the companies to put a pause on the circulation of illegal content online.

The European Union on Friday (Nov 10) announced probes into tech giant Meta as well as social media firm Snap seeking details on measures taken by the companies to put a pause on the circulation of illegal content online. The tech firms have been asked to elaborate on the ways they will safeguard children from harmful content on the internet, the European Commission said. It had sent formal requests for information to the companies and they had until December 1 to respond. This comes a day after similar probes were opened into YouTube and TikTok to check the measures in place to protect minors from illicit content. These investigations are in the initial stage under the EU's Digital Services Act, which came into force in August and do not themselves comprise a declaration of legal infractions or a step towards penalising the firms. Last month, the EU had launched probes into TikTok, X and Meta over the dissemination of disinformation amid an upsurge of violence between Israel and the Palestinian militant group Hamas. Also read: Poland's opposition parties reach coalition agreement, say 'we are ready to govern' "I would ask you to be very vigilant to ensure strict compliance with the DSA rules on terms of service, on the requirement of timely, diligent and objective action following notices of illegal content in the EU, and on the need for proportionate and effective mitigation measures," the European Union's industry chief Thierry Breton told Meta CEO Mark Zuckerberg in a letter. The #DSA is here to protect free speech against arbitrary decisions, and at the same time protect our citizens & democracies. My requests to #Meta’s Mark Zuckerberg following the terrorist attacks by Hamas against Israel — and on tackling disinformation in elections in the EU ⤵️ pic.twitter.com/RnetUriRJX — Thierry Breton (@ThierryBreton) October 11, 2023 × EU's top tech regulator had also warned Elon Musk that his social media platform X was spreading "illegal content and disinformation". Following the terrorist attacks by Hamas against 🇮🇱, we have indications of X/Twitter being used to disseminate illegal content & disinformation in the EU. Urgent letter to @elonmusk on #DSA obligations ⤵️ pic.twitter.com/avMm1LHq54 — Thierry Breton (@ThierryBreton) October 10, 2023 × "Following the terrorist attacks carried out by Hamas against Israel, we have indications that your platform is being used to disseminate illegal content and disinformation in the EU," he wrote in the letter. (With inputs from agencies)

EU asks Meta and Snap to detail info on child protection measures

Croatian Foreign Minister Gordan Grlic Radman on Friday (Nov 3) courted controversy after making an awkward attempt to kiss his German counterpart Annalena Baerbock while the two leaders posed for a group photograph in Berlin.

In a video that went viral on social media, Radman, 65, can be seen reaching out to Baerbock in an attempt to shake hands with her and trying to plant a kiss on her cheek during a photo shoot at a European Union conference on Thursday (Nov 2).&nbsp;

During the awkward encounter, the German foreign affairs minister. in the video, could be seen dodging his affections.

Radman's gesture sparked fierce debate on the internet and prompted outrage from feminist groups.

However, the Croatian foreign minister shrugged off the criticism saying that this was "a warm human approach to a fellow colleague".

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"I don't know what the problem was... We always greet each other warmly. It is a warm human approach to a colleague,"&nbsp;he told reporters.

<h2>Croatian women's rights activist slams Radman's move</h2>

Notable Croatian women's rights activist Rada Boric denounced the minister's move calling it "highly inappropriate".

Taking a dig at Radman's response to the criticism, Boric said that "warm greetings" should happen only among those whose relationship allows kissing.

"It's clear that such a relationship doesn't exist here and that the (German) minister was left surprised with such closeness," Boric told the Jutarnji List outlet.

Former Croatian prime minister Jadranka Kosor also took to her official social media handle and lambasted Radman.

"Violent kissing of women is also called violence, is it not?," Kosor wrote on X, formerly known as Twitter.

(With inputs from agencies)

Croatian Foreign Minister Gordan Grlic Radman on Friday (Nov 3) courted controversy after making an awkward attempt to kiss his German counterpart Annalena Baerbock while the two leaders posed for a group photograph in Berlin.

Croatian Foreign Minister Gordan Grlic Radman on Friday (Nov 3) courted controversy after making an awkward attempt to kiss his German counterpart Annalena Baerbock while the two leaders posed for a group photograph in Berlin. In a video that went viral on social media, Radman, 65, can be seen reaching out to Baerbock in an attempt to shake hands with her and trying to plant a kiss on her cheek during a photo shoot at a European Union conference on Thursday (Nov 2). During the awkward encounter, the German foreign affairs minister. in the video, could be seen dodging his affections. Radman's gesture sparked fierce debate on the internet and prompted outrage from feminist groups. However, the Croatian foreign minister shrugged off the criticism saying that this was "a warm human approach to a fellow colleague". Also read: Italian PM Meloni proposes direct election of premier in ‘mother of all reforms’ "I don't know what the problem was... We always greet each other warmly. It is a warm human approach to a colleague," he told reporters. Croatian women's rights activist slams Radman's move Notable Croatian women's rights activist Rada Boric denounced the minister's move calling it "highly inappropriate". Taking a dig at Radman's response to the criticism, Boric said that "warm greetings" should happen only among those whose relationship allows kissing. "It's clear that such a relationship doesn't exist here and that the (German) minister was left surprised with such closeness," Boric told the Jutarnji List outlet. Former Croatian prime minister Jadranka Kosor also took to her official social media handle and lambasted Radman. "Violent kissing of women is also called violence, is it not?," Kosor wrote on X, formerly known as Twitter. (With inputs from agencies)

Croatian foreign minister sparks controversy by making attempt to kiss German peer

India, along with countries like the United Kingdom, United States, Australia and China,&nbsp;agreed to work to manage the risk that artificial intelligence (AI) poses, at a summit in London, on Wednesday (Nov 1) aimed at creating a safe way forward for the rapidly evolving technology.&nbsp;

India was among the 28 countries that signed the so-called Bletchley Declaration on the first day of the AI Safety Summit hosted by the UK government, through which the countries have agreed to work together on AI safety research.&nbsp; 
 
"We affirm that, whilst safety must be considered across the AI lifecycle, actors developing frontier AI capabilities, in particular those AI systems which are unusually powerful and potentially harmful, have a particularly strong responsibility for ensuring the safety of these AI systems, including through systems for safety testing, through evaluations, and by other appropriate measures," read a part of the declaration.

<h2>First international declaration</h2>

The summit is seen as the first Western effort to manage AI’s safe development after tech executives and lawmakers raised the alarm over the rapid development of the technology which poses an existential threat to the world if not regulated.&nbsp;

ALSO READ |&nbsp;<a href="https://www.wionews.com/technology/london-ai-summit-throws-spotlight-on-scientist-alan-turings-legacy-653814">London AI summit throws spotlight on scientist Alan Turing's legacy</a>

The concerns have sparked a race among nations to come up with plans to regulate AI. China’s vice minister, on Wednesday, joined the US and European leaders and tech bosses such as Elon Musk and ChatGPT’s Sam Altman at the summit in London. Beijing is seen as a key participant at the summit, given the country’s role in developing AI.&nbsp;

UK Prime Minister, Rishi Sunak, welcomed the declaration, calling it “quite incredible”. Ahead of his appearance at the summit, on Thursday (Nov 2), Sunak also said that nothing will be more “transformative” to future generations than technological advances like AI.&nbsp;

However, we “owe it to them to ensure AI develops in a safe and responsible way, gripping the risks it poses early enough in the process,” he added.&nbsp;

The communique marks a diplomatic success for the UK, and particularly Sunak given that the summit is his brainchild and took place after he expressed concern over AI models rapidly advancing with no oversight.&nbsp;

ALSO READ |&nbsp;<a href="https://www.wionews.com/world/us-president-biden-signs-sweeping-executive-order-to-cut-ai-risks-to-public-national-security-653228">US President Biden signs sweeping executive order to regulate AI</a>

“For the first time, we now have countries agreeing that we need to look not just independently but collectively at the risk around frontier AI,” British digital minister Michelle Donelan told reporters.&nbsp;

She noted that it was an achievement just to get so many key players in one room. Donelan opened the summit by saying that the development of AI “can’t be left to chance or neglect or to private actors alone”.&nbsp;

She also announced two further AI Safety Summits, one to be held in South Korea in six months and another in France next year.&nbsp;

<h2>Questions raised over China’s participation</h2>

Ahead of the summit, several British lawmakers reportedly raised questions about China’s participation given the low level of trust between Beijing and Washington as well as several European nations, particularly in the context of Chinese involvement in technology.&nbsp;

ALSO READ |&nbsp;<a href="https://www.wionews.com/entertainment/hollywood/news-mission-impossible-dead-reckoning-sparked-joe-bidens-concerns-about-artificial-intelligence-653691">Mission Impossible Dead Reckoning sparked Joe Biden's concerns about artificial intelligence</a>

However, Washington’s Ambassador to London, Jane Hartley told Reuters, “This is the UK invitation, this is not the US.”

Notably, Donelan was joined by US commerce secretary, Gina Raimondo, and the Chinese vice-minister of science and technology, Wu Zhaohui in a rare show of unity.&nbsp;

(With inputs from agencies) 
&nbsp;

India, along with countries like the United Kingdom, United States, Australia and China, agreed to work to manage the risk that artificial intelligence (AI) poses, at a summit in London, on Wednesday (Nov 1) aimed at creating a safe way forward for the rapidly evolving technology.

India, along with countries like the United Kingdom, United States, Australia and China, agreed to work to manage the risk that artificial intelligence (AI) poses, at a summit in London, on Wednesday (Nov 1) aimed at creating a safe way forward for the rapidly evolving technology. India was among the 28 countries that signed the so-called Bletchley Declaration on the first day of the AI Safety Summit hosted by the UK government, through which the countries have agreed to work together on AI safety research. "We affirm that, whilst safety must be considered across the AI lifecycle, actors developing frontier AI capabilities, in particular those AI systems which are unusually powerful and potentially harmful, have a particularly strong responsibility for ensuring the safety of these AI systems, including through systems for safety testing, through evaluations, and by other appropriate measures," read a part of the declaration. First international declaration The summit is seen as the first Western effort to manage AI’s safe development after tech executives and lawmakers raised the alarm over the rapid development of the technology which poses an existential threat to the world if not regulated. ALSO READ | London AI summit throws spotlight on scientist Alan Turing's legacy The concerns have sparked a race among nations to come up with plans to regulate AI. China’s vice minister, on Wednesday, joined the US and European leaders and tech bosses such as Elon Musk and ChatGPT’s Sam Altman at the summit in London. Beijing is seen as a key participant at the summit, given the country’s role in developing AI. UK Prime Minister, Rishi Sunak, welcomed the declaration, calling it “quite incredible”. Ahead of his appearance at the summit, on Thursday (Nov 2), Sunak also said that nothing will be more “transformative” to future generations than technological advances like AI. However, we “owe it to them to ensure AI develops in a safe and responsible way, gripping the risks it poses early enough in the process,” he added. The communique marks a diplomatic success for the UK, and particularly Sunak given that the summit is his brainchild and took place after he expressed concern over AI models rapidly advancing with no oversight. ALSO READ | US President Biden signs sweeping executive order to regulate AI “For the first time, we now have countries agreeing that we need to look not just independently but collectively at the risk around frontier AI,” British digital minister Michelle Donelan told reporters. She noted that it was an achievement just to get so many key players in one room. Donelan opened the summit by saying that the development of AI “can’t be left to chance or neglect or to private actors alone”. She also announced two further AI Safety Summits, one to be held in South Korea in six months and another in France next year. Questions raised over China’s participation Ahead of the summit, several British lawmakers reportedly raised questions about China’s participation given the low level of trust between Beijing and Washington as well as several European nations, particularly in the context of Chinese involvement in technology. ALSO READ | Mission Impossible Dead Reckoning sparked Joe Biden's concerns about artificial intelligence However, Washington’s Ambassador to London, Jane Hartley told Reuters, “This is the UK invitation, this is not the US.” Notably, Donelan was joined by US commerce secretary, Gina Raimondo, and the Chinese vice-minister of science and technology, Wu Zhaohui in a rare show of unity. (With inputs from agencies)

India among 28 countries to sign first international declaration to address risks of AI

The European Union is considering fresh sanctions on Russia that would impact Russian trade worth about 5 billion dollars. A Bloomberg report quoting sources shows the new sanctions include export bans on welding machines, chemicals, and other technology used for military reasons. the import of some software as well as some processed metals and aluminium products, building materials, transportation-related commodities, and diamonds is likely to be prohibited or restricted.

Fresh EU sanctions on Russia

Australia has withdrawn from trade talks with the European Union (EU) on a free trade agreement for the second time in three months. &nbsp;

Australia's Trade Minister Don Farrell, who met with European representatives during a Group of Seven meeting in Osaka, expressed his frustration on the matter. "We've not been able to make progress." While expressing hope for future success, Bloomberg quoted him as saying, “Negotiations will continue, and I'm hopeful that one day we will sign a deal that benefits both Australia and our European friends."

The negotiations between Australia and the EU have been ongoing for over five years, with broad consensus achieved in most areas. However, the stumbling block has been related to agricultural issues.

&nbsp;Australia has been pushing for increased access to the European market for products such as beef, mutton, and sugar, while Brussels has been advocating for the elimination of certain geographic locators on products like Prosecco and feta.

The European Commission expressed its regret over the lack of progress, mentioning that the Australian side had reintroduced agricultural offers that did not reflect recent negotiations.&nbsp;

The recent talks in Osaka were considered a last chance for both parties to reach an agreement in the near future. The failure to strike a deal now may result in significant delays, with the possibility of months or even years before an agreement can be reached. Although cautious optimism existed, neither Canberra nor Brussels was entirely convinced that a deal could be struck. &nbsp;

The EU Trade Commissioner Valdis Dombrovskis had previously stated that the deal was "within reach", along with some remaining hurdles to overcome.&nbsp;

For both Australia and the EU, reaching an agreement is of utmost importance.&nbsp;

The centre-left Labour government in Australia is in need of a political win following the failure of a national referendum it supported, which aimed to establish an Indigenous advisory body. The government has faced criticism for not giving enough attention to economic matters, and a free trade deal with Europe could help counter this narrative. &nbsp;

On the other hand, the administration of European Commission President Ursula Von Der Leyen is eager to secure a trade victory after a previous unsuccessful attempt to remove steel and aluminium tariffs imposed by former President Donald Trump's administration in the United States. Additionally, the EU is facing challenges in concluding an agreement with the Mercosur bloc, which includes countries like Brazil, Argentina, Paraguay, and Uruguay.&nbsp;

(With inputs from Bloomberg)&nbsp;

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Australia has withdrawn from trade talks with the European Union (EU) on a free trade agreement for the second time in three months. Australia's Trade Minister Don Farrell, who met with European representatives during a Group of Seven meeting in Osaka, expressed his frustration on the matter.

Australia has withdrawn from trade talks with the European Union (EU) on a free trade agreement for the second time in three months. Australia's Trade Minister Don Farrell, who met with European representatives during a Group of Seven meeting in Osaka, expressed his frustration on the matter. "We've not been able to make progress." While expressing hope for future success, Bloomberg quoted him as saying, “Negotiations will continue, and I'm hopeful that one day we will sign a deal that benefits both Australia and our European friends." The negotiations between Australia and the EU have been ongoing for over five years, with broad consensus achieved in most areas. However, the stumbling block has been related to agricultural issues. Australia has been pushing for increased access to the European market for products such as beef, mutton, and sugar, while Brussels has been advocating for the elimination of certain geographic locators on products like Prosecco and feta. The European Commission expressed its regret over the lack of progress, mentioning that the Australian side had reintroduced agricultural offers that did not reflect recent negotiations. The recent talks in Osaka were considered a last chance for both parties to reach an agreement in the near future. The failure to strike a deal now may result in significant delays, with the possibility of months or even years before an agreement can be reached. Although cautious optimism existed, neither Canberra nor Brussels was entirely convinced that a deal could be struck. The EU Trade Commissioner Valdis Dombrovskis had previously stated that the deal was "within reach", along with some remaining hurdles to overcome. For both Australia and the EU, reaching an agreement is of utmost importance. The centre-left Labour government in Australia is in need of a political win following the failure of a national referendum it supported, which aimed to establish an Indigenous advisory body. The government has faced criticism for not giving enough attention to economic matters, and a free trade deal with Europe could help counter this narrative. On the other hand, the administration of European Commission President Ursula Von Der Leyen is eager to secure a trade victory after a previous unsuccessful attempt to remove steel and aluminium tariffs imposed by former President Donald Trump's administration in the United States. Additionally, the EU is facing challenges in concluding an agreement with the Mercosur bloc, which includes countries like Brazil, Argentina, Paraguay, and Uruguay. (With inputs from Bloomberg) WATCH WION LIVE HERE

Australia halts trade negotiations with EU. Here's why 

Australia has abandoned negotiations with the European Union (EU) in pursuit of a free trade agreement. While there was general agreement on most points, several outstanding agricultural concerns threatened to destroy the whole accord that the two parties had been working on for more than five years.

Australia walks out of EU trade talks over agriculture disputes

European Union's New Ambassador Hervé Delphin underscored the positive trajectory of the India-EU relationship, stating, "EU India relationship has grown stronger, and it goes ever stronger. It's an ascending trajectory." The ambassador presented his credentials to Indian President Droupadi Murmu earlier this month. The relationship has seen high level engagement, including visits of EU leaders to India for the G20 summit, but also formation of a Trade and Technology council to accelerate engagement at several front.

New EU Ambassador Hervé Delphin upbeat on "Ascending" Ties and FTA Talks | World News | WION

On Tuesday, French President Emmanuel Macron traveled to Tel Aviv to declare his nation's 'full solidarity' with Israel. Following that incident, Macron was scheduled to meet with Israeli Prime Minister Benjamin Netanyahu to convey France's "complete solidarity" with Israel, according to the French presidency.

EU leaders summit amid Israel-Palestine war: Macron says, 'Ground offensive will be an error'

The European Central Bank (ECB) has made a significant attempt towards introducing a digital version of the euro, a move that aims to provide secure and free electronic payment options for citizens across the Eurozone. The ECB has officially announced that a two-year "preparation phase" for the digital euro will commence on November 1.

During this period, the ECB will finalise regulations, select private-sector partners, and engage in testing and experimentation, paving the way for potential issuance and rollout of the digital currency in the future.

While this announcement marks the initial steps in a multi-year project, it sets the ECB ahead of other central banks from the Group of Seven (G7) nations and may serve as a blueprint for others to follow. Several Caribbean countries and Nigeria have already launched digital currencies, while China and Sweden have conducted pilot projects in this realm. In contrast, central banks like the Federal Reserve, the Bank of England, and the Bank of Canada have displayed more cautious approaches towards such initiatives.

The digital euro, once implemented, will function much like any online wallet or bank account, with the distinctive feature of being free to use and backed by the ECB, ensuring its safety. Nonetheless, the project faces criticism from various quarters, including bankers, regulators, some academics, the European Union’s privacy watchdog, and specific consumer groups. Their concerns revolve around the fear that digital currency might drain deposits from the commercial sector and offer limited improvements compared to existing accounts. Reuters cited Markus Ferber, a German member of the European Parliament, who remarked that the ECB has yet to effectively communicate the added value of the digital euro.

To address apprehensions regarding the impact on commercial banks, the ECB intends to place a cap on individual ownership of digital euros, likely around 3,000 euros. The ECB views the digital euro as a means to introduce competition into the payment market, which is currently dominated by U.S. credit card companies.

Similar to physical cash, digital euros will allow users to make small offline payments in close proximity to recipients, and the ECB emphasises that it will not retain transaction data. The digital euro will be distributed by the ECB, commercial banks, and digital wallet providers, but it will be accessible only to residents of the Eurozone and its overseas citizens, addressing concerns about adoption in countries with weaker local currencies.

The push for digital currencies among central banks is gaining momentum. Central banks representing a fifth of the world's population are expected to introduce their own digital currencies within the next three years, according to a survey by the Bank for International Settlements. While such projects began to gain prominence in 2019, the rise of stablecoins, crypto tokens backed to some extent by traditional currencies, has rejuvenated the momentum of central bank digital currencies (CBDCs).

(With inputs from Reuters)

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The European Central Bank (ECB) has made a significant attempt towards introducing a digital version of the euro, a move that aims to provide secure and free electronic payment options for citizens across the Eurozone.

The European Central Bank (ECB) has made a significant attempt towards introducing a digital version of the euro, a move that aims to provide secure and free electronic payment options for citizens across the Eurozone. The ECB has officially announced that a two-year "preparation phase" for the digital euro will commence on November 1. During this period, the ECB will finalise regulations, select private-sector partners, and engage in testing and experimentation, paving the way for potential issuance and rollout of the digital currency in the future. While this announcement marks the initial steps in a multi-year project, it sets the ECB ahead of other central banks from the Group of Seven (G7) nations and may serve as a blueprint for others to follow. Several Caribbean countries and Nigeria have already launched digital currencies, while China and Sweden have conducted pilot projects in this realm. In contrast, central banks like the Federal Reserve, the Bank of England, and the Bank of Canada have displayed more cautious approaches towards such initiatives. The digital euro, once implemented, will function much like any online wallet or bank account, with the distinctive feature of being free to use and backed by the ECB, ensuring its safety. Nonetheless, the project faces criticism from various quarters, including bankers, regulators, some academics, the European Union’s privacy watchdog, and specific consumer groups. Their concerns revolve around the fear that digital currency might drain deposits from the commercial sector and offer limited improvements compared to existing accounts. Reuters cited Markus Ferber, a German member of the European Parliament, who remarked that the ECB has yet to effectively communicate the added value of the digital euro. To address apprehensions regarding the impact on commercial banks, the ECB intends to place a cap on individual ownership of digital euros, likely around 3,000 euros. The ECB views the digital euro as a means to introduce competition into the payment market, which is currently dominated by U.S. credit card companies. Similar to physical cash, digital euros will allow users to make small offline payments in close proximity to recipients, and the ECB emphasises that it will not retain transaction data. The digital euro will be distributed by the ECB, commercial banks, and digital wallet providers, but it will be accessible only to residents of the Eurozone and its overseas citizens, addressing concerns about adoption in countries with weaker local currencies. The push for digital currencies among central banks is gaining momentum. Central banks representing a fifth of the world's population are expected to introduce their own digital currencies within the next three years, according to a survey by the Bank for International Settlements. While such projects began to gain prominence in 2019, the rise of stablecoins, crypto tokens backed to some extent by traditional currencies, has rejuvenated the momentum of central bank digital currencies (CBDCs). (With inputs from Reuters) WATCH WION LIVE HERE

ECB initiates two-year preparation phase for digital euro: Report

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