30, ministers from
European Union member countries met in Brussels.
CNBC reports that on Sept.
30, ministers from
European Union member countries met in Brussels.
They approved a package to fight the energy price surge that has been plaguing the EU caused by Russia's war with Ukraine.
They approved a package to fight the energy price surge that has been plaguing the EU caused by Russia's war with Ukraine.
The measures that were approved include levies on the surplus profits made by fossil fuel companies and low-cost power producers as a result of soaring electricity costs.
A 5% decrease in electricity use amid
peak price periods was also approved.
Fifteen of the EU member countries think the next step should be to implement a broad gas price cap to contain inflation.
Belgium, Greece, Poland and Italy disagree with the Commission's claim that such a move would require
"significant financial resources" to purchase emergency
gas if market prices exceed the cap.
Tinne Van der Straeten, Belgian energy minister, argues that only $1.96 billion would be needed, which is a fraction of what the EU suspects it will profit from the new levies.
Tinne Van der Straeten, Belgian energy minister, argues that only $1.96 billion would be needed, which is a fraction of what the EU suspects it will profit from the new levies.
Germany, Austria and the Netherlands disagree, arguing that broad price caps could make it difficult for countries to buy gas if they can't keep up with the competitive prices of global markets.
.
Brussels hopes the new EU-wide measures will
help to even the playing field for poorer countries within
the union who haven't been able to help struggling
businesses and consumers as much as the richer countries
With less than four months until the US presidential election, the government in Berlin is preparing for the possibility of a Trump victory. How could his return impact Germany and the EU?
Credit: euronews (in English) Duration: 02:13Published
This edition of our weekly talkshow focuses on Kamala Harris upending the US presidential campaign, the situation in Ukraine and the start of the Paris Olympics.
Credit: euronews (in English) Duration: 32:34Published
A high-level EU foreign affairs summit scheduled for August will be moved from Hungary to Brussels, the blocâ top diplomat, Josep Borrell, confirmed on Monday. Speaking at a press conference in the Belgian capital, Borrell said the bloc must âsend a signal, even if it is a symbolic signal,â to punish Hungarian Prime Minister Viktor Orban for his Ukraine âpeace mission,â which EU officials have condemned as contrary to the blocâs policies.
#EUPunishesHungary #OrbanUkraineMission #EUvsHungary #DiplomaticTensions #HighLevelSummit #BudapestSummitCancelled #UkraineCrisis #SymbolicSignal #EUDiplomacy #OrbanControversy #HungaryEUConflict #EUForeignPolicy #PoliticalFallout #EUUnity #UkraineConflict
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Walgreens Plans , âSignificantâ Store Closures.
On June 27, Walgreens announced quarterly earnings
that were poorer than expected, NBC News reports.
The company's stock fell 15% in pre-market trading.
CEO Tim Wentworth issued a press release.
We continue to face a difficult operating
environment, including persistent
pressures on the U.S. consumer and the
impact of recent marketplace dynamics
which have eroded pharmacy margins, Tim Wentworth, Walgreens CEO, via press release.
Our results and outlook
reflect these headwinds, Tim Wentworth, Walgreens CEO, via press release.
Wentworth elaborated in an interview with CNBC.
The consumer is absolutely stunned by
the absolute prices of things, and the
fact that some of them may not be
inflating doesnât actually change their
resistance to the current pricing, Tim Wentworth, Walgreens CEO, via CNBC.
On a call with analysts, Wentworth said that Walgreens' strategy will have to "include the closure of a significant portion of these underperforming stores.".
75% of our stores drive 100% of our
profitability today. What that means is
the others we take a hard look at, we are
going to finalize a number that we will close, Tim Wentworth, Walgreens CEO, via call with analysts.
The pharmacy chain currently
operates about 8,600 stores
Credit: Wibbitz Top Stories Duration: 01:30Published
US Water System May Be , Vulnerable to Cyberattack, by China, Russia and Iran.
CNBC reports that the United States
water system has been the target of a series
of cyberattacks over the past few years. .
In response, the Environmental Protection Agency
(EPA) has been forced to issue an alert warning
that 70% of water systems do not comply
with the Safe Drinking Water Act.
According to the EPA, some have âalarming
cybersecurity vulnerabilities,â including
unchanged default passwords and former
employees who retain access to vital systems.
In February, the FBI issued a warning to
Congress that Chinese hackers have embedded
themselves into the U.S. cyber infrastructure. .
Those hackers have targeted water treatment
plants, the electrical grid, transportation
systems and other vital infrastructure.
Those hackers have targeted water treatment
plants, the electrical grid, transportation
systems and other vital infrastructure.
Water is among
the least mature
in terms of security, Adam Isles, head of cybersecurity
practice for Chertoff Group, via CNBC.
Stuart Madnick, an MIT professor of engineering
systems and co-founder of Cybersecurity at
MIT Sloan, warns that an attack that shuts off
water to the population is the main concern.
We have demonstrated in our
lab how operations, such as
a water plant, could be shut
down not just for hours or
days, but for weeks, Adam Isles, head of cybersecurity
practice for Chertoff Group, via CNBC.
Recently, EPA Administrator Michael Regan and
National Security Adviser Jake Sullivan sent a letter
to governors stressing the urgency of the threat. .
Recently, EPA Administrator Michael Regan and
National Security Adviser Jake Sullivan sent a letter
to governors stressing the urgency of the threat. .
CNBC reports that budgets, outdated
infrastructure and an overall reluctance to take
action may prevent necessary fixes from
being made before a serious attack.
Credit: Wibbitz Top Stories Duration: 01:31Published
European Union Announces , Higher Tariffs on Chinese EVs.
On June 12, the EU said it will
impose higher tariffs on imports of
Chinese electric vehicles (EVs), CNBC reports. .
The increase in tariffs is the result of a
probe launched by the EU in October.
According to the EU, the Chinese imports benefit "heavily from unfair subsidies" and threaten "economic injury" to European EV producers.
The influx of subsidized Chinese imports
at artificially low prices therefore
presents a threat of clearly foreseeable
and imminent injury to EU industry, European Commission, via statement.
A 38.1% tariff will be imposed on battery electric vehicle producers who refused to cooperate with the bloc's investigation.
A 21% tariff will be implemented for carmakers in China who complied
but have yet to be "sampled.".
On June 11, a spokesperson for China's Ministry of Commerce called the higher
tariffs a "protectionist act.".
The findings disclosed in the EU
ruling lack factual and legal basis, Spokesperson for China's Ministry of Commerce, via statement.
This is a naked protectionist act,
creating and escalating trade
frictions, and 'destroying fair
competition' in the name of
'maintaining fair competition.' , Spokesperson for China's Ministry of Commerce, via statement.
This move by the EU not only damages the
legitimate rights and interests of Chinaâs
electric vehicle industry, but will also disrupt
and distort the global automotive industry
chain supply chain, including the EU, Spokesperson for China's Ministry of Commerce, via statement
Credit: Wibbitz Top Stories Duration: 01:31Published
Elon Musk Drops Lawsuit , Against OpenAI.
In February of this year, Musk filed a lawsuit against OpenAI and two of its co-founders, Sam Altman and Greg Brockman.
In February of this year, Musk filed a lawsuit against OpenAI and two of its co-founders, Sam Altman and Greg Brockman.
In February of this year, Musk filed a lawsuit against OpenAI and two of its co-founders, Sam Altman and Greg Brockman.
The suit alleged that OpenAI initially worked
to develop artificial general intelligence
"for the benefit of humanity" but later strayed
from that goal to become a for-profit entity. .
Musk, who had a hand in launching
OpenAI, was suing "for breach of contract
and fiduciary duty," CNBC reports.
In March, experts told CNBC that the suit had a murky legal foundation because there was no formal written agreement signed by each party.
On June 11, Musk dropped the lawsuit.
It was dismissed without prejudice.
His decision to drop the lawsuit comes
one day after he threatened Apple over
its new partnership with OpenAI.
His decision to drop the lawsuit comes
one day after he threatened Apple over
its new partnership with OpenAI.
He called the partnership "an unacceptable security violation" since Apple has
"no clue what's actually going on.".
Itâs patently absurd that Apple isnât
smart enough to make their own
AI, yet is somehow capable of
ensuring that OpenAI will protect
your security & privacy!, Elon Musk, via X.
Musk went on to say that if Apple
"integrates OpenAI at the OS level," the company's devices will be banned at his businesses.
Credit: Wibbitz Top Stories Duration: 01:31Published
Apple Is Reportedly Building , a Dedicated Passwords App.
On June 6, Mark Gurman from 'Bloomberg' reported that Apple intends to build next-gen iPhones and Macs with a built-in password management app.
On June 6, Mark Gurman from 'Bloomberg' reported that Apple intends to build next-gen iPhones and Macs with a built-in password management app.
The new app will be called Passwords, Engadget reports.
The app will be revealed at the
Worldwide Developers Conference in June.
While Apple already offers password
services via the iCloud Keychain.
it can be tedious to find
or change passwords with it.
A dedicated passwords app would make the whole process easier and likely encourage some people to stick with Apple.
Similarly to subscription password managers 1Password and LastPass, Apple's app will
split passwords into categories.
Similarly to subscription password managers 1Password and LastPass, Apple's app will
split passwords into categories.
Such categories include "accounts, WiFi networks and Passkeys," CNBC reports. .
Users will be able to
import passwords from other apps.
Two-factor verification codes
will also be supported.
It's not clear if Passwords will let you
store files and images as its rivals do.
Credit: Wibbitz Top Stories Duration: 01:30Published
The Russian military has destroyed a Ukrainian warehouse in Donbass, which allegedly stored several multiple launch rocket systems and more than a dozen armored vehicles, the Defense Ministry in Moscow has claimed. Officials also released an video of the alleged strike. In a statement on Friday, the ministry said that Moscowâs forces used an Iskander-M short-range ballistic missile to strike the facility in the key regional hub of Kramatorsk, currently occupied by Ukraine, where artillery of Ukraineâs 56th separate motorized infantry brigade was stored.
#Russia #Russia-Ukraine #battlefieldvideos #Russia-Ukraineconflict #Ukraine #oneindia #oneindianews
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Flood waters were rising in two cities in Russia's Ural mountains on Sunday after Europe's third-longest river burst through a dam, flooding at least 10,000 homes and forcing thousands of people to flee with just their pets and a few belongings.Some of the worst floods in decades have hit a string of Russian regions in the Ural Mountains and Siberia, alongside parts of neighbouring Kazakhstan in recent days.
#russia #russiaukrainewar #zelenskyy #putin #orsk #orenburg #SOUTHERNURALS #Ukriane, #Russia, #Putin, #Putler, #Russian invasion of Ukraine, #Zelenski, #Kiev, #Kyiv, #Kadirov army, #Kadirov, #Kherson, #Bucha, #Kharkiv, #Ukrainian pilots, #vagners, #Russian tanks, #NATO, #drones, #Moscow, #Kreml, #war victims #Ukraina,
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Prime Minister Modi is reportedly planning to visit Ukraine in August, potentially meeting President Zelenskyy in Kyiv. This visit, following Modi's recent trip to Russia, highlights India's balanced foreign policy approach. Ukraine views India as a potential mediator in the ongoing conflict. The visit, if materialized, could strengthen India's diplomatic role and provide an opportunity for direct discussions on peace efforts, while also exploring enhanced bilateral economic cooperation.
#PMModi #Zelensky #VolodymyrZelensky #PMModinews #RussiaIndia #Ukraineindia #IndiaUkraine #ZelenskyModi #RussiaUkrainewarlive #Ukrainewar #worldnews #Oneindia# #Oneindianews
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Nick Carter made a dying fan's wish come true ... singing the Backstreet Boys' signature hit directly to her in a real tearjerker moment. TMZ obtained the super.. TMZ.com
Watch highlights of Germany's 3-0 win over Australia with goals from Marina Hegering, Jule Brand and Lea Schuller in the group stages of the Paris 2024 Olympics. BBC Sport
Dutch volleyball star Steven van de Velde, a convicted child rapist, is slated to compete in the Paris Olympics this week ... and the IOC is now facing serious.. TMZ.com
A convicted rapist would not be picked for the Australian Olympics team, says chief Anna Meares after Steven van de Velde was selected by the Netherlands. BBC Sport
In homes, pubs, clubs and fan zones emotions spilled over as Gareth Southgateâs side dug deep to see off the Netherlands. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
UK Prime Minister Sir Keir Starmer and his Polish counterpart Donald Tusk hold a bilateral meeting at the European Political Community summit at Blenheim Palace. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Polish President Andrzej Duda has warned of an imminent war between Russia and NATO if Kiev fails to secure victory in its conflict with Moscow. In an interview with the Wirtualna Polska news portal on Tuesday, Duda claimed that if Russia were allowed to defeat Ukraine, it would then attack NATO states â a prospect that has been mentioned by Western leaders several times and which Russia has repeatedly denied.
#Putin #NATO #PutinVsNATO #RussiaVsNATO #AndrzejDuda #Russia #WarWarnings #Geopolitics #EasternEurope #SecurityThreat #MilitaryReadiness #GlobalTensions #InternationalRelations #ConflictAlert #DiplomaticTensions #EuropeanSecurity #MilitaryEscalation
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The leaders of Turkey and Greece took opposing stances to mark the 50th anniversary of the Turkish invasion of Cyprus - which led to the division of the island. Sky News
Mauricio Umansky is logging some quality time with actress Nikita Kahn over in Greece ... snuggling up at a famous beach club and looking very much like a cute.. TMZ.com
Spiralling inflation, an unhealthy dependence on Russian energy, and the risk of power cuts. The EU Commission faces one of its toughest winters on record. Energy Commissioner, Kadri Simson wants a..
Credit: euronews (in English) Duration: 07:51Published
Addressing world leaders at the 193-member U.N. General Assembly, U.N. chief Antonio Guterres stepped up his attacks on oil and gas companies, urging rich countries to tax windfall profits of the..