Page 141 - European Union

What EU leaders agreed on the post-coronavirus recovery package

European Commission will borrow massively on the market and then grant much of the cash, rather than lend it, to countries most in need of economic stimulus

EU nations close in on $2.1 trillion budget, coronavirus recovery fund

"An extraordinary situation demands extraordinary efforts," German Chancellor Angela Merkel says

A great supply chains reshuffle?

Globalised supply chains have been designed to source components from where it is most efficient to deliver these components at the time required, at the cheapest possible cost

Oil falls as virus infections rise, eyes on European Union recovery plan

Brent crude was down 24 cents, or 0.6%, at $42.90 per barrel by 0943 GMT while US West Texas Intermediate (WTI) slipped 23 cents, or 0.6%, to $40.36

World Coronavirus Dispatch: EU relief package closer to finalisation

Russian elite got trial vaccine in April, UK first to sign up for potential German vaccine, Dubai's biggest bank sees profit slump and other pandemic-related news across the globe

EU leaders struggle with 'mission impossible' at deadlocked recovery summit

Leaders may abandon the summit and try again for an agreement next month, say diplomats

EU leaders resume 'grumpy' summit on $2.1 trn budget, coronavirus fund

A full day and night of discussions by the 27 leaders on Friday only added to the irritations over how the huge sums should be spent and what strings should be attached

EU leaders discuss recovery from pandemic; 750 bn euros stimulus not soon

Officials have warned that another summit later this month could be needed to clinch a deal

EU negotiating with drugmakers to secure potential Covid-19 vaccines

The talks follow a deal reached in June by four EU member states with AstraZeneca for the upfront purchase of 400 million doses of its potential Covid-19 vaccine

EU in talks with drugmakers to secure potential Covid-19 vaccines: Report

The multiple talks confirm the bloc's more assertive stance on procuring potential Covid-19 shots and drugs after Washington's early moves in securing promising treatments and vaccines

European Central Bank survey points to shallower recession, strong rebound

The euro zone economy may contract less this year than the European Central Bank had forecast and its recovery could also be quicker, the bank's Survey of Professional Forecasters showed

Top EU court ditches data transfer deal over concerns of US surveillance

The so-called Privacy Shield was set up in 2016 by Washington and Brussels to protect personal data when it is sent to the United States for commercial use

Apple wins tax battle with EU as court annuls order to pay $15 billion

The decision is a setback for European efforts to clamp down on what the authorities believe is anti-competitive behaviour

India, EU adopt declaration on moving towards more circular economic model

The 27-nation EU is India's largest trading partner for goods with trade exceeding 100 billion dollars.

Europe a natural partner, need action-oriented agenda for symbiosis: Modi

The first virtual summit between the two nations, the latest meet comes four months after it was postponed as Covid-19 swept across Brussels, which was the venue

Crunch time for Apple in fight against $15 billion European Union tax order

The European Commission said Apple benefited from illegal state aid via two Irish tax rulings that artificially reduced its tax burden for over two decades

Germany willing to compromise on EU recovery fund, says Angela Merkel

German Chancellor Angela Merkel said that Germany is willing to compromise on the European recovery fund at the upcoming summit of the European Union (EU) leaders

India, EU agree on civil nuclear pact, to unveil roadmap for boosting ties

The EU officials said an announcement on firming up of the civil nuclear cooperation agreement will be made during the summit on Wednesday

At EU meet, PM Narendra Modi to pitch for 'early harvest' agreement

Will convey India's position that key differences on trade, investment can be solved earlier

Google offers not to use health data of Fitbit users in bid to win EU nod

Reuters reported last week that such a data pledge may likely help Google secure EU approval for its proposed $2.1 billion acquisition deal