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    EU threatens significant fines for unfair online trade practices

    The European Commission is proposing a new Digital Fairness Act aimed at enhancing consumer rights. This legislation will impose fines on companies engaging in unfair practices such as deceptive advertising targeted at children. It seeks to ban dark patterns and other misleading digital strategies that cost consumers significantly. Companies will need to comply with these new rules to avoid substantial penalties.

    Gas prices in the US are nearly half of Europe's: Why are American drivers paying so much less?

    American motorists are currently paying much less for fuel compared to drivers in the European Union. The average petrol price in the EU is almost double that of the US, highlighting significant market differences. Higher taxation in Europe contributes to this price discrepancy, making it important for consumers to understand. Diesel costs also reflect a noticeable difference, though the gap is smaller than for petrol.

    Activists breach Microsoft data centre construction site as protests spread in Europe

    Activist groups have announced actions in 16 countries on Friday and Saturday, according to the "Stop Dirty Data Centres" coalition, which is rallying environmental groups and digital rights campaigns behind calls to pause large-scale construction.

    EU charges TikTok over harmful algorithmic 'rabbit hole' effects

    EU tech regulators charged social media platform TikTok on Friday with breaching the bloc's online content rules due to the so-called "rabbit hole" effect of its recommender system, which attracts users' attention to a constant stream of

    German businesses now see India as manufacturing, R&D and innovation hub: Piyush Goyal

    German companies are increasingly viewing India as a strategic manufacturing and innovation hub for the future. During a recent visit, Commerce and Industry Minister Piyush Goyal engaged with major firms about expanding cooperation. The India-EU free trade agreement is set to strengthen trade ties significantly later this year. Indian capabilities in research and development are attracting substantial German investment and workforce expansion.

    India to remain strict on quality: Industry minister Piyush Goyal

    India's Commerce Minister Piyush Goyal emphasised a strict stance on quality and environmental regulations. He noted that many companies are eager to invest in India across various sectors. Goyal mentioned India's advantages in decarbonisation amidst competition from Europe’s carbon border adjustment mechanism. Discussions on free trade agreements indicate significant potential for job creation in India.

    The Economic Times
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