Europe Finance

EU agrees on compromise deal on banning imports of Russian Oil

Editorial Bureau May 31, 2022

European Council leaders have agreed on a plan to block more than two-thirds of Russian oil imports. Brussels(Belgium)- European Council chief Charles Michel said the deal cut off “a huge source of financing” for the Russian war machine. It is part of the sixth package of sanctions

UK

Boris Johnson calls for an end to Northern Ireland’s political deadlock

Editorial Bureau May 16, 2022

UK’s Johnson urges end to N Ireland deadlock, which prevents the formation of a regional administration, spares with EU. London (U K)- British Prime minister Boris Johnson is heading to Northern Ireland to end a political deadlock which prevents the formation of a regional administration. Johnson said there would be “a necessity to act” if […]

UK

UK and EU are once again at loggerheads

Editorial Bureau May 11, 2022

UK ramps up threat to rewrite Brexit deal with the EU Britain and the European Union were again at different tables over Brexit on Wednesday. The U.K. government ramped up threats to scrap parts of its trade treaty with the bloc, saying the rules block the formation of a new government in Northern Ireland. Foreign […]

Europe

Hungary dismisses EU move to fine Poland over judicial reform

Editorial Bureau September 9, 2021

BUDAPEST (HUNGARY) – Hungary labelled EU authorities as arrogant after they moved to impose financial penalties against Poland in a dispute over judicial reforms. The European Commission said on Tuesday it had asked the EU’s top court to fine Poland over the activities of a judges’ disciplinary chamber, stepping up a long-running dispute over the […]

World

EU permits increase in mRNA COVID-19 vaccines manufacturing capacity

Editorial Bureau August 24, 2021

Europe’s medicines regulator said on Tuesday it had approved additional manufacturing sites to increase production capacity of mRNA COVID-19 vaccines developed by Pfizer-BioNTech and Moderna for the region. The recommendations do not require a decision by the European Commission and the sites can become operational immediately, the European Medicines Agency said.

Finance

EU sustainable fund rules lead to muddied waters

Editorial Bureau August 19, 2021

LONDON (UK) – If you want to invest in a fund branded as sustainable under new European Union rules, you’re spoilt for choice. But you may end up owning shares in oil companies, mining conglomerates or tobacco firms. A recent analysis of funds marketed to retail investors increasingly hungry for anything green shows asset managers […]

World

EU calls for all major economies to raise climate goals by November summit

Editorial Bureau August 12, 2021

BRUSSELS (BELGIUM) – The European Union’s top diplomat on Thursday urged on the world’s biggest economies to set tougher climate targets – including a commitment to eliminate their greenhouse gas emissions – in time for a global climate summit in November. At the start of the week, a UN report laid bare the seriousness of […]

World

EU launches big climate plan for “our children and grandchildren”

Editorial Bureau July 14, 2021

BRUSSELS (BELGIUM) -European Union policymakers on Wednesday unveiled their most ambitious plan yet to tackle climate change, aiming to turn green goals into concrete action this decade and set an example for the world’s other big economies to follow. The European Commission, the EU executive body, set out in painstaking detail how the bloc’s 27 […]

World

EU says 90% of virus circulated to be Delta variant by end-August

Editorial Bureau July 14, 2021

Europe’s drug regulator said on Wednesday the Delta variant of the coronavirus will account for 90% of strains in circulation in the European Union by the end of August, with both doses of a COVID-19 vaccine needed to protect against the fast-spreading variant.

World

Aiming a green boost, EU strikes deal on farm subsidies

Editorial Bureau June 25, 2021

BRUSSELS (BELGIUM) – European Union negotiators sealed a deal on Friday on contentious parts of the bloc’s farming subsidies. It increased hopes for agreement on an overall package seeking to protect the environment. Negotiators from the European Parliament and EU member states are attempting to end a three-year struggle over the future of the Common […]