The EU plans to enforce the CBAM, or carbon tax, starting January 1, 2026. However, beginning this October, companies in seven carbon-intensive sectors, such as steel, cement, fertilizer, aluminum, and hydrocarbon products, must report their carbon emissions data to the EU. GTRI warned that the fully implemented EU-CBAM would impose a 20-35% import tax on Indian firms. Additionally, the domestic industry would be compelled to disclose all plant and production details to the EU.

The EU's Digital Markets Act (DMA) imposes a set of guidelines on Google and other tech giants to enhance user choice and foster fair competition. However, these groups fear that the proposed adjustments could adversely affect their revenues.

The European Union's AI Act stands out for its comprehensive approach compared to the United States' more lenient voluntary compliance strategy, and China's focus on maintaining social order and state control.

While ensuring child safety online is undoubtedly crucial, it begs the question: Shouldn't parents and guardians play a more significant role in monitoring their children's online activities?

The US will collaborate with partners on steps to undercut "the Iranian regime's malign and destabilising activity," Yellen said, adding that there may be "more to do" on Tehran's oil market. 

Following an extensive investigation spearheaded by the EU prosecutor, eight individuals were apprehended, while 14 were placed under house arrest and two were prohibited from practicing their professions.

TikTok started to make headlines in 2024 again because in March, the United States passed a bill for the app’s developer to divest from the Chinese company or face a complete ban. In view of this, the EU, too, has become the focal point of discussion in this regard.

The European Commission, responsible for enforcing antitrust regulations, announced on Monday that it will be scrutinizing Apple, Alphabet's Google, and Meta Platforms for potential breaches of the Digital Markets Act (DMA). The investigations could potentially lead to substantial fines for the companies, with penalties of up to 10% of their global annual turnover.

Vladimir Putin wins the Russian elections, but EU, the US, Germany condemn it; calling the process as restricted and neither free, nor fair. Landslide margin notwithstanding, it’s a tightrope walk for Putin from hereon. 

The AI Act operates on a "risk-based approach," originally crafted as consumer safety legislation aimed at regulating products or services utilizing Artificial Intelligence. Endorsed by a majority in the European Parliament, the legislation imposes rigorous regulations governing the deployment of AI systems. Under the new framework, high-risk AI applications, including those utilized in healthcare, transportation, and law enforcement, will undergo thorough scrutiny and must adhere to stringent transparency and accountability standards.

The European Commission's decision stemmed from a complaint filed by Swedish music streaming service Spotify in 2019, citing Apple's imposition of a 30% commission fee on App Store transactions and its restrictions on app developers regarding external payment options.

Drawing a distinction between India's historical ties with Russia and Europe's current stance, Jaishankar asserted that just as India respects Europe's perspective on China, Europe should reciprocate regarding India's relationship with Russia.