Trends - European Union - Business Recorder

Markets

EU wheat crops not seen suffering big hit from cold spell

PARIS: Severe cold across Europe in the past week is unlikely to have inflicted significant damage on wheat crops...

Published 17 Feb, 2021 04:24am

Pakistan

EU ambassador meets CM Buzdar

The EU was a major trade partner and the government wanted to further strengthen bilateral relations to benefit the people, he added.

Published 16 Feb, 2021 09:31pm

World

EU to launch study programme for COVID-19 variants: von der Leyen

"As of now, and in parallel to the efforts being made on the current vaccines, we have to help industrial companies develop production capacities for second generation vaccines," von der Leyen was quoted as saying.

Published 16 Feb, 2021 01:48pm

Print

China overtakes US as EU’s biggest trading partner

BRUSSELS: China last year overtook the United States as the EU's biggest trading partner, the EU statistics agency...

Updated 16 Feb, 2021 09:31am

World

French Finance Minister: talks ongoing with EU over possible further aid for Air France

Le Maire also told reporters at a briefing that he wanted any future remedies for Air France to be of a sustainable nature for the airline.
Earlier this month, Air France and its pilot unions had protested against EU demands that the airline give up takeoff and landing slots at its Paris base in return for government aid.

Published 15 Feb, 2021 06:37pm

World

Fight against smugglers rages on EU border with Belarus

More than 200 trucks a day cross into European Union member Latvia at the Paternieki border point, some of them stuffed with smuggled cigarettes hidden among other cargo.

Updated 14 Feb, 2021 05:13pm

World

Europe’s airport traffic plummets to 1995 levels

BRUSSEL: Europe’s airport traffic last year tumbled to 1995 levels, data from a regional industry group showed on...

Updated 14 Feb, 2021 09:57am

Markets

FranceAgriMer ups wheat export forecast

PARIS: Farm office FranceAgriMer on Wednesday increased its forecast of French soft wheat exports outside the...

Published 14 Feb, 2021 03:49am

Business & Finance

Sterling rises above $1.38

LONDON: The pound rose above $1.38 and was set to end the week up against the dollar and euro, as currency traders...

Published 13 Feb, 2021 04:11am

Markets

FranceAgriMer ups wheat export forecast

PARIS: Farm office FranceAgriMer on Wednesday increased its forecast of French soft wheat exports outside the...

Updated 12 Feb, 2021 11:47pm

Markets

EU wheat steadies after one-week low

PARIS: Euronext wheat edged higher on Thursday, recovering from a one-week low as Chicago grain futures steadied...

Updated 12 Feb, 2021 11:47pm

Business & Finance

Sterling consolidates above $1.38

LONDON: Sterling held above the $1.38 mark hit earlier this week on Thursday in relatively quiet currency markets...

Updated 12 Feb, 2021 09:30am

World

France, Germany seek Russia sanctions over Navalny, diplomats say

Sanctions would hit Russian elites, not Nord Stream II.
Paris, Berlin say must respond to Navalny's jailing(.)

Published 11 Feb, 2021 08:43pm

Business & Finance

EU close to vaccine supply deal with Novavax

"Talks with Novavax have intensified and we aim to agree the contract this week or next," one EU official said.
Novavax said negotiations were ongoing. A spokesman for the EU Commission declined to comment on the talks.

Published 11 Feb, 2021 08:29pm

World

EU considers power import restrictions over Belarus nuclear safety fears

Belarus's Astravets nuclear power plant is located 50km away from Vilnius in Lithuania, where the government.
The 2.4GW facility was built by Russia's state-owned Rosatom and financed mostly by Moscow.

Published 11 Feb, 2021 07:58pm

World

Britain to take much bigger GDP hit from Brexit than the EU

Britain left the EU at the end of January last year, but kept its full access to the 27-nation bloc's single market until the end of 2020, when it was replaced by a trade agreement.
For the EU on average, the exit of the UK from the European Union on Free Trade Agreement terms is estimated to generate an output loss of around 0.5% of GDP by the end of 2022, and some 2.25% point for the UK.

Updated 11 Feb, 2021 09:27pm

Pakistan

FM hopes new US administration will stop ignoring ground realities in IIOJK

Qureshi says Pakistan expects Organisation of Islamic Cooperation (OIC) and the European Union (EU) to play their roles on the issue
Pakistan could have cooperated within the region on tackling the Covid-19 pandemic but there are difficulties on regional trade and development because of the Kashmir issue: FM

Published 11 Feb, 2021 02:32pm

Business & Finance

Sterling breaks above $1.38

LONDON: Sterling edged up against the dollar on Wednesday, breaking above $1.38 and touching its highest level in...

Updated 11 Feb, 2021 09:32am

Markets

Steel demand in EU plus UK seen rebounding by 13.3pc in 2021

2020 is likely to be one of the worst years on record, even if we will see positive figures in the fourth quarter.
Apparent consumption is forecast to fall 13% in 2020 before bouncing back this year by 13.3% to 152 million tonnes.

Updated 11 Feb, 2021 12:30am

World

EU Covid deaths top 500,000, worst-hit states improving

Overall in Europe's 52 countries and territories, 34,902,124 cases have been recorded as of Wednesday.

Published 10 Feb, 2021 08:01pm

World

Brexit, COVID cast shadow over UK finance tax contributions, report says

"However, the future is uncertain, and we do not yet know the long-term impacts of the pandemic, Brexit and changes in ways of working," City leader Catherine McGuinness said.

Published 10 Feb, 2021 12:29pm

World

Japan minister: EU approved first shipment of Pfizer COVID-19 vaccine to Japan

"This will enable us to start vaccination of the initial group of medical workers. We will need to fix the schedule for the rest of the medical workers and the elderly as we go forward," Kono told a regular news conference.

Published 09 Feb, 2021 12:45pm

World

Germany, Poland, Sweden expel Russian diplomats in tit-for-tat move

BERLIN: Germany, Sweden and Poland on Monday each threw out a Russian diplomat in retaliation for Moscow’s...

Published 09 Feb, 2021 04:43am

Pakistan

REAP files reasoned statement in opposition to India’s claim on GI tag for Basmati

KARACHI: Rice Exporters Association of Pakistan (REAP) has successfully filed the Reasoned Statement in opposition ...

Updated 09 Feb, 2021 10:12am

World

EU tells Hungary to change procurement, cites ‘systemic’ fraud

The European Commission is mandated with managing the 750-billion-euro scheme and has already told several EU states their proposals for spending their part of the funds must be improved.
Competition in public procurement is insufficient in practice," said the document, adding that that was linked to "systemic irregularities".

Published 08 Feb, 2021 05:38pm

World

EU to host international Syria conference in March

The United Nations is seeking humanitarian funding for the next few years to help the more than 11 million Syrians in need of emergency assistance after nearly a decade of war.

Published 08 Feb, 2021 05:32pm

World

EU to Hungary: change procurement to bar ‘systemic’ fraud from recovery stimulus

The European Commission is mandated with managing the 750-billion-euro scheme and has already told several EU states their proposals for spending their part of the funds must be improved.
The document called specifically for improved data transparency and accessibility, arguing that that would lead to a fairer and more open procurement process.

Published 08 Feb, 2021 05:14pm

Markets

Euronext wheat slightly lower

PARIS: Euronext wheat ended flat to slightly lower on Thursday, curbed by weakness in Chicago grain futures, while...

Published 07 Feb, 2021 04:07am

World

Merkel, Macron defend EU vaccine strategy

BERLIN: German Chancellor Angela Merkel and French President Emmanuel Macron on Friday defended the European Union's...

Published 06 Feb, 2021 04:06am

World

Erdogan says political opponents behind student protests

ISTANBUL: Turkish President Recep Tayyip Erdogan on Friday accused his political opponents of being behind a month ...

Published 06 Feb, 2021 04:06am