"EU" tag
euro-ecb-eu-marketexpress-in

EU seeks cash payment limit, tougher money laundering rules

The EU has agreed on a plan to limit cash payments to €10,000 (roughly $11,000) and other measures designed to combat money laundering, including with cryptocurrency. The plans will then need bloc-wide approval. European Union negotiators...

ecb-european-central-bank-banking-MarketExpress-in

Decoding China: EU, China headed for challenging summit

With the EU-China summit coming up, Beijing and Brussels are looking for ways to cooperate despite their rivalry. Tensions ahead of the EU-China summit in Beijing next week are clearly visible just by looking at electric car...

climate-change-marketexpress-in

Who pays for climate damage and where does the money go?

An array of climate funds promise to help poorer countries either stop climate change or adapt to its consequences. But what do they actually cover, and why is it all so contentious? Fossil fuels powered...

booking.com-eu-blocks-marketexpress-in

EU blocks Booking takeover of Swedish online travel rival

The European Commission said it prevented the €1.63 ($1.8 billion) deal in order to protect consumers. Booking owns Booking.com, Kayak and other websites, while eTraveli’s offerings include Gotogate and MyTrip. The European Commission blocked US...

global-ev-sales-by-company-marketexpress-in

EV subsidies: Will EU-China row lead to a tariffs war?

The European auto industry has raised concern about a wave of cheap, new electric vehicles from China hitting the EU market soon. There have been calls to impose punitive tariffs. European Commission President Ursula von...

eu-summit-latin-america-marketexpress-in

EU summit with Latin America: What’s at stake?

EU, Latin American and Caribbean leaders are meeting for the first time in eight years. Free trade and climate change are on EU-CELAC summit agenda. The two-day EU-CELAC summit on July 17 and 18 in Brussels...

euro-ecb-eu-marketexpress-in

Why the EU-New Zealand free trade deal is important

Brussels says the bloc’s trade with New Zealand could now grow by 80%. In a first for an EU trade pact, there is a section that commits both sides to targets to tackle climate change....

agriculture-rice-export-marketexpress-in

Can ASEAN benefit from the EU’s green agriculture push?

The EU wants to champion “green agriculture” in Southeast Asia. But limited trade relations, regulatory nightmares and distrust could stymie it. As manufacturing and tourism collapsed in the three years of the COVID-19 pandemic, several Southeast Asian governments...

renewable-energy-big-oil-green-investments-marketexpress-in

Shell, BP boost profit, sink investment in renewable energy

While the big five oil companies registered record profits on the back of the energy crisis, relatively little will be reinvested in renewables as climate goals are slashed. Oil and gas giant Shell last week announced a historic...

hydrogen-fuel-energy-marketexpress-in

Hydrogen is changing power dynamics in energy sector

As the EU tries to finalize its hydrogen rules, Asian countries are moving fast to secure deliveries and the US is committing money to set up local supply chains. Can the Middle East collaborate with...

us-eu-green-subsidies-marketexpress.in

US and EU reach stalemate on green subsidies

There was trans-Atlantic harmony on most issues at a meeting of the recently established Trade and Technology Council. However, a gaping rift exists when it comes to US state support for green cars and renewables....

china-russia-gas-marketexpress-in

Is China reexporting Russian gas to Europe?

As the EU attempts to unpick its reliance on Russian gas, it could become more dependent on Chinese supplies, some of which come from Russia. This might undermine the aim of reducing purchases of its...