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Meta Platforms may face daily fines if EU regulators decide the changes it has proposed to its pay-or-consent model fail to comply with an antitrust order issued in April, they said on Friday. The warning from the European Commission, which acts as the EU competition enforcer, came two months after it slapped a 200-million-euro (US$234…
Canada and the European Union opened a new era of transatlantic co-operation Monday with the official signing of a security and defence partnership at a joint summit in Brussels. The agreement commits Canada and Europe to collaboration on defence and is a step toward Canada participating in the continent’s massive new defence procurement program, known…
By Staff The Associated Press Posted June 19, 2025 7:48 am Updated June 19, 2025 7:51 am 1 min read Descrease article font size Increase article font size Google faced a big setback Thursday in its attempt to overturn a multibillion-dollar European Union antitrust penalty involving Android after a top court’s legal adviser sided with…
Iran has asked Cyprus to convey “some messages” to Israel, President Nikos Christodoulides said on Sunday, adding he expected to speak to Prime Minister Benjamin Netanyahu later in the day. He did not say who specifically the messages were from or what they said, although they come after the Cypriot foreign minister spoke to his…
New trade deals. Joint sanctions against Israel. Military agreements. America’s closest allies are increasingly turning to each other to advance their interests, deepening their ties as the Trump administration challenges them with tariffs and other measures that are upending trade, diplomacy and defense. Concerned by shifting U.S. priorities under President Trump, some of America’s traditional…
The ministry earlier said that Commerce Minister Wang during the meeting “expressed the hope that the EU will meet us halfway and take effective measures to facilitate, safeguard and promote compliant trade in high-tech products to China”. Chinese anti-dumping measures that applied duties of up to 39 per cent on imports of European brandy –…
The US president was asked about the new acronym that’s been coined to mock his trade policies amid high tariff rates on other nations, but he was not impressed Donald Trump responded to his new nickname calling him a “chicken”(Image: undefined via Getty Images) Donald Trump has vehemently slammed the new acronym – TACO –…
Sweden-based Volvo Cars said on Monday it will cut 3,000 mostly white-collar jobs as part of a restructuring announced last month as it grapples with high costs, a slowdown in electric vehicle demand and uncertainty over trade tariffs. Volvo Cars, which is majority-owned by China’s Geely Holding , on April 29 unveiled a programme to…
Brussels will propose to lower the current $60 per barrel price cap on Russian seaborne oil during a meeting of G7 finance ministers this week, European Economic Commissioner Valdis Dombrovskis said Monday. Dombrovskis did not specify the level to which the EU wants to lower the price cap, but officials briefed on the discussions said Brussels would…
Britain’s government said Monday it has struck new agreements with the European Union on boosting defense cooperation, easing food trade and border checks. Prime Minister Keir Starmer said the deals will slash red tape, grow the British economy and reset relations with the 27-nation trade bloc since the U.K. left the EU in 2020. Starmer…
