Wednesday, 11 December 2019

Tag Archives: EU

European companies minimise risks from US-China trade war

BEIJING: European companies in China have been able to minimise the effect from the tariff war between Beijing and Washington, although some are considering relocating their businesses, the EU Chamber of Commerce said Monday. The world’s two biggest economies have been entangled in a lingering trade war for over a ...

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Sweden tells India to restore free movement in Kashmir

STOCKHOLM: Ahead of its delegation’s arrival, Sweden has sent a strong message to India asking it to lift the restrictions in Indian-Kashmir which has been in lockdown since August 5 when the government revoked Article 370 from its constitution. The Swedish Royal couple King Carl Gustaf, Queen Silvia, Foreign Minister ...

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EU bank will stop funding fossil fuel projects

BRUSSELS: The European Investment Bank, the EU’s lending arm, said Thursday it will stop funding fossil fuel projects from 2022 as part of a new strategy aimed at fighting climate change. “We will stop financing fossil fuels and we will launch the most ambitious climate investment strategy of any public ...

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EU countries call for aviation tax

BRUSSELS: Nine European Union states have called on the bloc’s incoming Commission to introduce a EU-wide tax on aviation in order to charge a polluting industry more for its emissions and to put all member states on level pegging. In a letter to the bloc’s new climate official, Frans Timmermans, the ...

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Pound steady after EU Brexit extension

LONDON: The pound steadied versus the dollar and London’s stock market flattened on Monday after the European Union granted an extension to Brexit until the end of January. Around 1200 GMT, sterling was almost unchanged at $1.2826 compared with late in New York on Friday. London’s benchmark FTSE 100 stocks ...

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EU set to grant Brexit extension to UK

BRUSSELS: EU member states are expected this morning to grant an extension of Britain’s membership of the EU until 31 January next year. It is believed that the members states will give Britain the option to formally leave the bloc earlier if the Withdrawal Agreement is ratified before the end ...

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US imposes record USD 7.5 billion tariffs on European goods

WASHINGTON: The United States imposed tariffs on a record USD 7.5 billion worth of European Union goods on Friday, despite threats of retaliation, with Airbus, French wine and Scottish whiskies among the high-profile targets. The tariffs, which took effect just after midnight in Washington (0401 GMT), came after talks between ...

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Air pollution caused 400,000 premature European deaths, EU health agency

BRUSSELS Poor air quality caused about 400,000 premature deaths in Europe in 2016, the most recent year data is available, and almost every citydwelling European is exposed to pollution levels that exceed healthy levels, according to a report on Wednesday. “Air pollution is currently the most important environmental risk to ...

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EU mulls new emergency summit to ‘get Brexit deal done’

BRUSSELS: The European Union is considering a new emergency summit to get a Brexit deal , the BBC reported. EU internal discussions are now focusing on a possible “holding pattern statement” at this week’s EU leaders summit, along the lines of “we’ve made great progress in negotiations but still need ...

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EU to reach Brexit position by end of next week: Macron

PARIS: French President Emmanuel Macron told British Prime Minister Boris Johnson that the possibility of a Brexit accord would be evaluated by the end of next week. Johnson, in a telephone conversation with Macron, “presented his latest proposals,” the French presidency said in a statement. Macron “indicated that the negotiations ...

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