Category: Policy

EnergyPolicyTrade

US and Qatar Warn EU Climate Regulations Threaten Energy Security and Trade Relations

The United States and Qatar have jointly cautioned European Union leaders that new corporate sustainability regulations could undermine the bloc’s energy security and trade relationships. According to reports, both nations claim the rules would harm liquefied natural gas exports critical to Europe’s energy needs.

Diplomatic Pressure Over Climate Regulations

The United States and Qatar have issued a stark warning to the European Union regarding its proposed Corporate Sustainability Due Diligence Directive, suggesting the regulations could severely impact the bloc’s trade relationships and energy security. According to reports from the Financial Times, both nations have communicated that the EU’s climate and human rights rules pose what they describe as an “existential threat” to European economic growth and competitiveness.

by Samuel Kim
BusinessPolicyTrade

U.S. and India Near Major Trade Agreement With Tariff Reductions and Energy Policy Shifts

Reports suggest the U.S. may cut tariffs on Indian exports from 50% to 15%-16% as part of a new trade agreement. India is reportedly considering scaling back Russian oil purchases, a key U.S. demand, amid ongoing bilateral negotiations.

Potential Breakthrough in U.S.-India Trade Relations

According to recent reports from Indian media outlet Mint, the United States and India are nearing a significant trade agreement that could substantially reduce tariffs on Indian exports while addressing Washington’s concerns about New Delhi’s energy imports from Russia. Sources familiar with the negotiations indicate that both sides have made substantial progress after months of strained relations.

by Priya Kapoor
BusinessPolicyTelecom

Verizon Begins Distributing $100 Million Settlement to Customers Over Undisclosed Fees

Verizon has initiated payments in a major class-action settlement addressing undisclosed fees on wireless bills. Eligible customers could receive between $5 and $100 through various payment methods. The distribution follows claims filed before the April 2024 deadline.

Verizon Settlement Payments Underway

Verizon has reportedly begun distributing approximately $100 million to eligible customers as part of a class-action settlement, according to recent reports. The telecommunications giant is making payments to customers who filed claims regarding undisclosed fees on their postpaid wireless bills.

by Priya Kapoor