Trends - European Union - Business Recorder

European Union

EU grain supply tension may ease next season, but prices to stay high

Despite wheat and maize stocks in Europe returning to more comfortable levels than in 2020/21, we anticipate that prices will remain high.
For soft wheat, production in the EU's 27 countries is expected to rise to 129.7 million tonnes this year, up 9% from last year's weather-hit crop.

Published 14 Jan, 2021 05:41pm

World

First doses of J&J COVID-19 vaccine could be available in Europe in April, EU source

The official, who is involved in negotiations with vaccine makers and spoke on condition of anonymity, said the J&J shot.

Published 13 Jan, 2021 11:42pm

Business & Finance

Siemens Gamesa, Siemens Energy tap hydrogen boom in wind alliance

Siemens Gamesa, Siemens Energy to invest 120 mln euro.
Turbines could be market-ready by mid-2020s.
Germany to contribute funds as part of hydrogen plan.

Published 13 Jan, 2021 05:43pm

World

Watchdogs across EU should be allowed to challenge Facebook, EU court adviser says

The adviser to the EU’s top court has issued a recommendation to allow data protection agencies in any EU country to take legal action against Facebook or any other tech firm even if their regional headquarters are in a different EU state.
If the recommendation is followed, it could prompt action by national agencies in the 27-member EU against other U.S. tech companies, such as Google, Twitter and Apple, which also have their EU headquarters in Ireland.

Published 13 Jan, 2021 03:45pm

World

Erdogan hopes new Turkey-Greece talks will herald new era

NATO members Ankara and Athens announced on Monday they had agreed to resume on Jan. 25 long-suspended exploratory talks over disputed offshore rights in the Mediterranean.
We must stop the Mediterranean from being an area for competition and turn into waters that will serve our long-term interests.

Published 12 Jan, 2021 07:09pm

World

EU wraps preliminary talks with Valneva on supply of COVID vaccines

The envisaged contract with Valneva would provide for the possibility for all EU Member States to purchase together 30 million doses.
They could further purchase up to 30 million more doses.

Published 12 Jan, 2021 05:00pm

Markets

EU 2020/21 soybean imports at 7.78mn tonne by Jan. 10, rapeseed 3.74mn tonne

That compared to 7.44 million cleared by the same week last season
EU rapeseed imports in 2019/20 had reached 3.74 million tonnes, compared to 3.93 million tonnes by the same time last year.

Published 12 Jan, 2021 04:36pm

Business & Finance

EU seeks more Moderna COVID-19 vaccines, eyes deals with Valneva, Novavax

EU in talks for more Moderna COVID-19 vaccines – sources.
Moderna seeks higher price than EU's first contract-source.
EU in talks for Valneva's vaccine candidate – sources.
Close to ordering 200 mln doses of Novavax shot – source.

Published 11 Jan, 2021 09:50pm

World

Brexit deal's 'rules of origin' spark trade confusion

Prime Minister Boris Johnson's Conservative government has yet to comment on the precise impact of the rules of origin on the business community.

Published 10 Jan, 2021 11:56am

World

EU says it has secured nearly half of Pfizer's 2021 global output of COVID shots

Pfizer has said it can produce up to 1.3 billion doses around the world this year.
We now have agreed with BioNTech and Pfizer to extend this contract. With the new agreement we could purchase a total of up to an additional 300 million doses of the BioNTech vaccine.

Published 08 Jan, 2021 05:51pm

Markets

Paris wheat at 2-year high on supply worry, high Black Sea prices

Front-month March milling wheat on the Paris-based Euronext unofficially closed up 3.00 euros, or 1.4%, at 217.25 euros ($267.24) a tonne.

Published 06 Jan, 2021 12:56am

World

EU seeks up to 100mn more doses of Pfizer vaccine in new deal

The EU is seeking to buy 50 or 100 million additional doses from the companies.
The EU agreed to pay 15.5 euros per dose in that contract, according to an EU document seen by Reuters.

Published 05 Jan, 2021 09:15pm

World

EU worried about Iran enrichment, aims to save nuclear accord

The European Commission said on Tuesday it regretted that Iran has resumed 20% uranium enrichment at an underground nuclear facility, breaching a 2015 nuclear pact, but believed that the accord was worth saving.

Published 05 Jan, 2021 05:32pm

World

European Union: from six to 27

Britain, Denmark and Ireland join the bloc, taking the number of members to nine.

Published 04 Jan, 2021 12:02pm

World

Britain and the EU: timeline of a troubled marriage

Crucial talks on future ties and trade with the bloc then start in March, but break deadline after deadline as negotiators try to avert a no-deal Brexit on December 31.

Published 04 Jan, 2021 11:50am

World

South Korea expands ban on social gatherings nationwide

"The KDCA should perfectly ready for the entire process the moment the vaccine arrives - the distribution, storage, inoculation and follow-ups," Chung told a government meeting.

Published 04 Jan, 2021 10:23am

World

EU denounces conditions for migrants in Bosnia

The UN's human rights office had already warned against "unacceptable suffering" of the migrants from the Lipa camp, calling for an urgent solution of the issue.

Published 03 Jan, 2021 12:02pm

World

Britain credits Brexit for abolishing 'tampon tax'

In her view, Brexit will make it less likely the tax is abolished EU-wide, since Britain was leading the push for it, she added.

Published 01 Jan, 2021 11:51am

World

France's Macron says post-Brexit Britain remains our friend

"The United Kingdom remains our neighbour, and also our friend and ally," Macron said in his New Year's Eve address to the nation.

Published 01 Jan, 2021 01:01am

More weakness seen as dollar posts worst year since 2017

Markets

Hungary says will focus on EU, Chinese coronavirus vaccine purchases

"We are happy to partake in the testing, but vaccines en masse may come as part of the EU procurements or from China," he added.

Published 31 Dec, 2020 11:33pm

World

Hungary says will not use Russian vaccine due to lack of capacity

Hungary has participated in Russia's testing efforts and was an early recipient of small batches of Russia's Sputnik-V vaccine.
Hungarian premier Viktor Orban has come under criticism during his decade-long rule for building ties with Russian leader Vladimir Putin.

Published 31 Dec, 2020 08:00pm

World

EU bets on Biden to resolve aircraft subsidy row

New US tariffs set for Jan. 12.
US expands list over EU retaliation it sees as excessive.
Airbus says it trusts Europe will respond "appropriately".
French wine exporters call new tariffs a sledgehammer.

Published 31 Dec, 2020 06:00pm

World

British PM Johnson's father applying for French citizenship

The father of British Prime Minister Boris Johnson said on Thursday he was in the process of applying for a French passport to maintain his ties with the European Union after Brexit.
Stanley Johnson, a former member of the European Parliament who voted Remain in Britain’s 2016 referendum, told RTL radio he wanted to become a French citizen because of strong family links to France.

Published 31 Dec, 2020 03:54pm

Markets

Sterling extends gains, markets mixed as traders see out 2020

Sterling, in response to the upbeat news, rallied Wednesday and built on the gains in Asian trade, sitting at levels not seen since May 2018.

Published 31 Dec, 2020 09:16am

World

UK parliament approves Brexit trade deal as both sides look to future

Deal signed in Brussels, UK to sign later.
UK lawmakers vote 521 to 73 in favour of deal.
Both sides seek new relationship.

Published 30 Dec, 2020 08:41pm

World

Germany sees rapid EU approval of AstraZeneca's COVID-19 vaccine

Germany has made relatively quick headway, reporting a total of 78,000 shots administered.
Fatalities linked to COVID-19 in Germany hit a record daily high of 1,129 on Wednesday.

Published 30 Dec, 2020 07:45pm

World

China's Xi, EU leaders to hold call on investment deal

EU chiefs Ursula von der Leyen and Charles Michel will be joined by German Chancellor Angela Merkel and French President Emmanuel Macron on the call, the EU said.
The deal addresses complaints by the EU and US about China’s industrial subsidies and forced technology transfers.

Published 30 Dec, 2020 04:57pm

World

European Union: from six to 27

Bulgaria and Romania take the EU to 27 member nations

Published 30 Dec, 2020 11:52am

World

Leaders to sign UK-EU deal as MPs face express debate

Under the EU deal, musicians are not covered by exemptions allowing for free passage of short-term business visitors, sparking warnings that continental tours by UK bands will become unviable.

Published 30 Dec, 2020 09:18am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 3	278.23
USD PKR Interbank Buying / May 3	278.03
USD to Japanese Yen / May 3	153.05
USD to Swiss Franc / May 3	0.91
Pound Sterling to USD / May 3	1.25
Euro to USD / May 3	1.08

Stock	Volume
S&P 500 / May 3	5127.79
India Sensex / May 3	73878.15
Tokyo Nikkei / May 3	38236.07
Nasdaq / May 3	16156.33
Hang Seng / May 3	18475.92
FTSE 100 / May 3	8213.49
Dow Jones / May 3	38675.68
Germany DAX 30 / May 3	18001.60

Item	Value
Crude Oil USD/Barrel / May 3	78.11
Karachi Cotton PKR/37.32 KG / May 3	20535
Gold 10 Grams PKR / May 3	205418
Gold Spot USD/Ounce / May 3	2301.74
Cotton US¢/pound / May 3	78.06
Petrol/Litre / May 5	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 5 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 5 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 5 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 5 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 5 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 5 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 5 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 5 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 5 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 5 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 5 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 5 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 5 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 5 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 5 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 5 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 5 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 5 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 5 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 5 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 5 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 5 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 5 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 5 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 5 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 5 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 5 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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