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Economy & Business

The UAE is a natural partner for Europe’s sustainable future

The EU continues to show global leadership in addressing climate change. With its European Green Deal and climate objectives shortly to be enshrined into...

EU Council President announces double summit in late February

Europe's leaders are set to convene for a double online summit in February 25-26, EU Council President Charles Michel announced on Wednesday."On 25 February...

French labs to start producing Pfizer, Moderna COVID vaccines

A French lab will start producing in March the COVID-19 vaccine developed by Moderna, while another one will begin manufacturing the Pfizer/BioNTech jab a...

British PM says EU ‘undermined’ Northern Ireland Protocol

British Prime Minister Boris Johnson said the European Union undermined the Northern Ireland Protocol by triggering an emerging provision in the Brexit Protocol in...

UK formally asks to join the Trans-Pacific Partnership

A year after it formally left the European Union, the British government on Saturday announced it would apply early next week to join the...

Bezos to step down as Amazon CEO

Jeff Bezos will step down as CEO of Amazon and will become the executive chair of the company's board by the third quarter, kickstarting...

Eurozone will post a decline in fourth-quarter GDP

The eurozone economy contracted again at the end of the year amid the pandemic lockdowns, Eurostat’s initial estimates showed on Tuesday.The EU’s statistics agency...

Ukraine expects $2.2 billion from IMF in 2021

Ukraine expects to receive $2.2 billion spread across three tranches from the International Monetary Fund (IMF) in 2021, Central Bank Governor Kyrylo Shevchenko said...

Pfizer/BioNTech pledge up to 75 million extra vaccine doses to the EU

US drugmaker Pfizer and its German partner BioNTech have pledged to provide up to 75 million more doses of their vaccine to the EU...

German Health Minister says Chinese, Russian vaccines could be used in the EU if EMA approves them

Germany could use the vaccines developed by China and Russia if Europe's medicines watchdog approves them, the country's Health Minister Jens Spahn said on...

Von der Leyen says AstraZeneca to deliver 9 million more COVID vaccine doses

British-Swedish pharmaceutical giant AstraZeneca will deliver 9 million more doses of its COVID-19 vaccine to the European Union in the first quarter of this...

Putin signals readiness for better ties with the EU

Addressing the annual World Economic Forum (WEF) in Davos on Wednesday, the Russian President Vladimir Putin signalled that the Kremlin is ready to enhance...

MEPs call for binding 2030 targets for materials use and consumption footprint

Lawmakers in the European Parliament's Committee on Environment, Public Health and Food Safety (ENVI) on Wednesday adopted the report on the new EU Circular...

Germany floats grounding almost all international flights to combat new COVID variants

Germany is considering a ban on almost all international air travel into the country to stem spread of more infectious variants of Coronavirus, Interior Minister...

French government warns 6pm curfew ‘not sufficient’ to curb virus spread

France's nationwide 6pm curfew is "not sufficient" to slow down the spread of the virus and authorities are considering tighter restrictions, government spokesman Gabriel Attal...

Boris Johnson announces hotel quarantine for UK arrivals

UK nationals and residents returning from countries at high risk from new coronavirus variants will be requested to quarantine in hotels, British Prime Minister...

Coronavirus curfew sparks protests across the Netherlands

Police and protesters clashed for the third consecutive day across the Netherlands after the government imposed a nationwide 9pm to 4.30 am curfew to...

Germany wants EU export restrictions on vaccine after supply shortage

Germany's Health Minister Jens Spahn has backed European proposals for the introduction of export limits on vaccines amid delivery delays of AstraZeneca's COVID-19 shot...

British govt tells citizens not to book summer holidays yet

Citizens in Britain were advised by the minister responsible for the country’s COVID-19 vaccination program Nadhim Zahawi not to book their summer holidays abroad...

The EU-China investment agreement is a disaster for the West

The EU-China Comprehensive Investment Agreement that was announced in December 2020 at joint virtual press conference between Ursula von der Leyen, Charles Michel, Xi...

Turkish FM Cavusoglu to visit Brussels for talks with EU, NATO

Turkey's Foreign Minister Mevlut Cavusoglu is set to pay a two-day visit in Brussels on Wednesday, to hold meetings with EU officials and with...

Michel Barnier appointed as Brexit special adviser to von der Leyen

Former EU chief Brexit negotiator Michel Barnier has been appointed as Ursula von der Leyen's special adviser on the implementation of the EU-UK Withdrawal...

Germany extends lockdown until February 14

Following a meeting with the country's 16 state premiers, Germany has decided to extend a strict nationwide lockdown until February 14 as a "precaution" for...

EPP’s McAllister says EU should ‘reassess’ relations with Russia after Navalny’s arrest

Addressing MEPs on Tuesday, the head of the European Parliament's Foreign Affairs Committee, David McAllister said the EU needs to "reassess" its "already strained"...

Baltic FMs call on the EU for ‘firm diplomatic measures’ to push Russia for Navalny’s release

In a letter sent to the EU's foreign policy chief, Josep Borrell, the Foreign Ministers of the Baltic states have called for "additional firm...

Brazil gives green light for use of AstraZeneca, Sinovac COVID vaccines

Brazil's Health Surveillance Agency (Anvisa) has given the green light to the AstraZeneca/Oxford University and Chinese-made Sinovac Coronavirus vaccines, paving the way for the...

Mass anti-lockdown protest in Amsterdam

Thousands held an unauthorised protest in Amsterdam on Sunday against a nationwide lockdown imposed to curb the spread of Coronavirus, set to remain in...

Dutch government could collapse over child benefits scandal

Dutch Prime Minister Mark Rutte and his cabinet will decide on Friday whether to resign over his government's mismanagement of childcare benefits, after a...

France imposes nationwide 6pm curfew

French Prime Minister Jean Castex on Thursday announced a nationwide 6pm curfew until 6 am, starting from Saturday for 15 days, in a bid...

Germany likely to remain in lockdown until April

German Chancellor Angela Merkel on Tuesday warned that a dramatic explosion in the number of Coronavirus infections that has mutated in Britain, could force...

Merkel, Putin discuss possible joint vaccine production

German Chancellor Angela Merkel and Russian President Vladimir Putin discussed cooperating on vaccine production during a telephone call on Tuesday, according to a statement issued...

Senior Orban aide says Hungary will not use Russia’s Sputnik vaccine

A senior aide to Hungarian Prime Minister Viktor Orban has said the country will not use Russia's Sputnik-V vaccine, and will focus on the...

Turkish students stage mass protest over appointment of Erdogan loyalist as university rector

The appointment of Melih Bulu, a person with close ties to Turkey's ruling Justice and Development Party (AKP), as the rector of Bogazici University has...

Germany set to extend lockdown by 3 weeks

The German government and the country’s 16 federal states have agreed to extend a nationwide lockdown until January 21, German newspaper Bild reported on Monday,...

Moldova’s new president names interim PM, calls for snap elections

Moldova's recently elected president, Maia Sandu has named Foreign Affairs and European Integration Minister Aurel Ciocoi interim prime minister, following the resignation of former...

Eyeing schools reopening, Greece imposes one-week strict lockdown

Eyeing the reopening of schools on January 11, the Greek government announced on Saturday a one-week strict lockdown, starting Sunday.Under the renewed restrictions, all activities...

The Bulgarian hammer comes down

Firmly refusing to approve the negotiating framework for the “Intergovernmental Conference” required to launch North Macedonia’s EU accession process, Bulgaria’s Foreign Minister Ekaterina Zaharieva...

Varhelyi refocuses on enlargement for Southeast Europe

EU Commissioner for Enlargement Oliver Varhelyi visited North Macedonia and Albania on October 6-7, meeting leaders in both countries as well as addressing parliaments....

Short Greece vacation for two Balkan leaders

Taking the opportunity to visit Athens in conference speaker mode, the leaders of Albania and North Macedonia paid stealthy visits to Athens September 15-16...

Trump Administration’s Kosovo announcement fails to impress

The Trump Administration’s second attempt to gather Kosovar and Serbian leaders at the White House succeeded on September 4 just as Washington and most...

Croatia and Bulgaria eyeing Eurozone entry

Seemingly ready to ignore the lessons of the last decade’s Eurozone crisis which ravaged many of their neighbours, aspiring Eurozone members Croatia and Bulgaria...

Kosovo: EU visa liberalisation issue resurfaces

Increased travel access to the EU for Kosovar citizens remains an interesting sidebar to the now-postponed Washington meeting between recently re-elected Serbian President Aleksandar...

Trump Administration’s controversial Kosovo gambit accelerates

While not unexpected, the Trump Administration has moved faster than many observers anticipated to restart its ongoing diplomatic initiative to resolve a significant piece...

European businesses must consider Russia's poor track record before investing

After years of sanctions, European businesses are returning to Russia. The Russia-German Chamber of Commerce recently announced that German businesses invested more than €3.3...

Fake pharmaceuticals trade worth €4 billion, study says

The trade of counterfeit pharmaceuticals worldwide is estimated to be worth up to €4 billion, with India and China identified to be the largest...

European markets whipsaw as coronavirus remains in focus

European stocks fluctuated Thursday as markets reacted to developments related to the coronavirus in the US and around the world. The pan-European STOXX 600 index...

Argentina forbids job firings for 60 days amid economic struggles

Argentine President Alberto Fernández instituted, on April 1, an executive order forbidding the "firing of workers with no proper justification" for a 60-day period. The...

EU approves €200m scheme to support Irish firms during COVID-19 outbreak

The European Commission approved an Irish €200 million scheme to support companies affected by the coronavirus outbreak, as the plan was found to be...

Airbnb to pay hosts $250 mln for coronavirus cancellations

Airbnb is devoting $250 million to help hosts survive financial losses from refunds given to guests who cancelled their reservations due to the coronavirus. The...

North Macedonia’s (unaffordable) NATO dream takes shape

North Macedonia’s flag is flying over NATO Headquarters today in Brussels as the alliance’s 30th member after the final accession formalities were completed on...

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