Saturday, 30 May 2020

Tag Archives: EU

EU urges travel ban to be extended to stop virus spread

BRUSSELS: The European Commission on Friday urged EU member states to extend the temporary ban on non-essential travel into the bloc by one month until June 15, a statement said. Despite an initial easing of measures to combat the new coronavirus pandemic within the European Union, “the situation remains fragile ...

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Coronavirus: World leaders pledge billions for vaccine

BRUSSELS: World leaders, organisations and banks on Monday pledged 7.4 billion euros for research to find a vaccine against the new coronavirus, but warned that it is just the start of an effort that must be sustained over time to beat the disease. The funds, pledged at a video-conference summit ...

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EU predicts region will contract 7.4% this year in worst economic shock

PARIS: European Commission President Ursula Von Der Leyen gives a press conference following a video conference EU summit to discuss the measures to tackle the spread of the Covid-19 pandemic caused by the novel coronavirus, in Brussels. The European Union will contract 7.4% in 2020 as the coronavirus pandemic brings ...

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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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