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European banks set for profit boost from lending, trading windfall

European banks set for profit boost from lending, trading windfall

By Jesús Aguado and Tommy Reggiori Wilkes MADRID/LONDON, July 21 (Reuters) - After a surge in revenue at U.S. banks, European lenders are expected to follow suit this week when they report second-quarter earnings, powered by gains from higher interest rates and in some cases from trading and
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European Commission Fines AliExpress 550 Million Euros for Unsafe and Counterfeit Goods

European Commission Fines AliExpress 550 Million Euros for Unsafe and Counterfeit Goods

The European Commission has imposed a record fine of 550 million euros ($629 million) on AliExpress, a Chinese online marketplace, for failing to adequately address the sale of unsafe and counterfeit products on its platform. This penalty is the largest ever under the European Union's Digital Services Act, which aims to protect consumers from harmful online content. The fine follows a preliminary ruling in June 2025, which found AliExpress lacking in its efforts to combat illegal product sales. The company has been given until October 20 to submit an action plan to rectify these issues. AliExpress has expressed disagreement with the fine, citing its ongoing commitment to compliance and consumer protection.
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ASEAN's top diplomats meet in shadow of US-Iran conflict

ASEAN's top diplomats meet in shadow of US-Iran conflict

By Karen Lema MANILA, July 21 (Reuters) - Tensions between the U.S. and Iran are likely to cast a shadow over a diplomatic gathering in Southeast Asia this week, injecting additional uncertainty into a region grappling with maritime tensions with China and a faltering regional effort to end
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US senators at airshow to reassure foreign defense contractors, urge tariff-free trade

US senators at airshow to reassure foreign defense contractors, urge tariff-free trade

By David Shepardson FARNBOROUGH, England, July 20 (Reuters) - A bipartisan group of nine U.S. senators on Monday sought to reassure defense contractors from American allies that growing demand for their products is real and urged the Trump administration not to impose tariffs on aerospace products.
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Indian students cool on 'American Dream' as EU opens its doors

Indian students cool on 'American Dream' as EU opens its doors

By Praveen Paramasivam, Sai Ishwarbharath B and Charlotte Van Campenhout CHENNAI/BENGALURU/AMSTERDAM, July 20 (Reuters) - A. Shrinikheathan is breaking from his family's tradition of studying in the United States, opting instead for a master's degree in Germany.
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European Commission to Extend Emissions Trading System to Flights Beyond Europe

European Commission to Extend Emissions Trading System to Flights Beyond Europe

The European Commission has proposed extending its emissions trading system (ETS) to include flights up to 5,000 kilometers from the center of the European Union starting in 2029. This expansion aims to cover flights to third countries, excluding transatlantic services, and is part of a broader review of the ETS. The proposal also includes initiatives to boost sustainable aviation fuel usage and measures to avoid double-counting with the global CORSIA program. The move follows an assessment of CORSIA, which concluded that it has not been sufficiently strengthened.
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AliExpress hit with $629 million EU fine over sales of illegal, counterfeit products

AliExpress hit with $629 million EU fine over sales of illegal, counterfeit products

By Foo Yun Chee BRUSSELS, July 20 (Reuters) - Alibaba's AliExpress was hit with a record €550 million ($629 million) fine from the European Union on Monday for failing to tackle sales of illegal, unsafe and counterfeit products on its platform. 
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BIPV Solar Modules Market Poised for Growth Amid Tightening Energy Codes

BIPV Solar Modules Market Poised for Growth Amid Tightening Energy Codes

BIPV Solar Modules Market Poised for Growth Amid Tightening Energy Codes
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EU Deforestation Regulation Set to Impact Big Food's Environmental Compliance Costs

EU Deforestation Regulation Set to Impact Big Food's Environmental Compliance Costs

EU Deforestation Regulation Set to Impact Big Food's Environmental Compliance Costs
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EU hits AliExpress with a record 550 million-euro fine over unsafe and counterfeit goods

EU hits AliExpress with a record 550 million-euro fine over unsafe and counterfeit goods

The European Commission has fined AliExpress 550 million euros for failing to curb the sale of unsafe and counterfeit products
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Carvina Capital Reports 27% Surge in China's Exports Driven by AI and Semiconductor Demand

Carvina Capital Reports 27% Surge in China's Exports Driven by AI and Semiconductor Demand

Carvina Capital has reported a significant 27% increase in China's exports, marking the fastest monthly expansion in over four years. This growth is largely driven by shipments of semiconductors and artificial intelligence-related products, which have reshaped global trade patterns. The trade surplus for the month widened to $125.6 billion, surpassing forecasts. Imports also rose by 36%, primarily due to industrial stockpiling of technology components. Despite this export boom, China faces increasing protectionist measures, with 160 investigations into its goods by trading partners, and high tariffs imposed by the U.S. and the EU.
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What to know about the key challenges Andy Burnham faces as UK prime minister

What to know about the key challenges Andy Burnham faces as UK prime minister

Andy Burnham faces major challenges ahead as the latest British prime minister to take up residence in 10 Downing Street