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Nicaragua expelled its ambassador, EU to respond in ‘firm’ way’

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Nicaragua

The European Union’s foreign policy chief expresses “unwavering support” for the Netherlands. The EU representative to Nicaragua, Bettina Muscheidt, left Nicaragua on Saturday after being declared persona non grata. Managua severed ties with The Hague after its ambassador refused to finance a hospital. Sunday, the European Union’s (EU) foreign policy leader, Josep Borrell, criticized the … Read more

Liz Truss to attend first European Political Community meeting: reports

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liz truss

British Prime Minister Liz Truss had not yet confirmed if she will attend the October 6 conference. The United Kingdom will leave the EU at the start of 2020. 44 nations have been invited to attend the inaugural European Political Community (EPC) conference in Prague. Several media outlets reported on Thursday that British Prime Minister … Read more

Europe blames Russia for gas blast in Baltic Sea

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europe

Explosions were detected in the Baltic Sea on Tuesday, prior to the discovery of anomalous leaks on two underwater natural gas pipelines. Russia has denied culpability for the event, labeling it “international terrorism”. Damage may be equivalent to one-third of Denmark’s yearly greenhouse gas emissions. Following the “very suspicious” damage to the Nord Stream underwater … Read more

EU officials visit relief camp in Thatta, assess flood situation

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thatta

THATTA: A delegation of European Union officials on Tuesday different flood relief camps to assess the situation and damages from the devastating floods. EU officials Filippo Ortolani from Italy and Ms Adarve Ortega Palma from Spain along with Deputy Country Director of Action Against Hunger Pakistan (ACF) Zulfiqar Mithani visited the relief camps. The delegation … Read more

EU: Serbia-Kosovo ID document dispute is resolved

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EU Serbia-Kosovo

According to the EU, Serbia and Kosovo have resolved their disagreement on the flow of citizens across their borders. Josep Borrell, the head of EU foreign affairs, tweeted, “We have a deal.” The EU, and Serbia promised to eliminate entry/exit paperwork for Kosovo ID holders and Kosovo agreed not to implement them for Serbian ID … Read more

EU to provide immediate relief assistance for flood victims

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EU flood victims

BRUSSELS: European Union (EU) has announced to provide €350,000 in immediate relief assistance for flood victims in Pakistan. Pakistan Ambassador to EU Asad Majeed Khan said the European Union (EU) is providing €350,000 (nearly Rs76 million) to provide crucial humanitarian assistance provided to families affected by severe flooding, which has wreaked havoc across many parts … Read more

French protest to EU: UK waste releases regarding sewage in the sea

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French protest

According to three Euro MPs, the UK is endangering the health and marine life along the French coast by allowing raw sewage to be thrown into the North Sea and the English Channel. After heavy rains forced sewage overflow to be redirected into rivers and the sea, pollution warnings have been issued for over 50 … Read more

EU with other 42 countries urged Russia to immediately withdraw its forces from the plant

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EU

EU and 42 other nations urged Russia to promptly withdraw its troops from the Zaporizhzhia Nuclear Power Plant in southern Ukraine. A possible radiation leak could result from attacks on the plant, according to the UN nuclear watchdog. According to Ukrainian officials, a cargo ship loaded with 23,000 metric tonnes of wheat is about to … Read more

EU is planning new grant and loan offers to help Ukraine

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EU

A fresh proposal from the European Commission would give Ukraine financial assistance of EUR 8 billion in a combination of grants and loans. Germany declined to offer guarantees to support EUR 9 billion in loans for Ukraine, prompting the latest request. Berlin claimed that grants are more appropriate for assisting the troubled country, which is … Read more

Twitter deactivates another Russian propaganda website in the EU and the UK

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Twitter

Twitter targeted the RIA Novosti, RIA Novosti Urgent Messages, RIA Novosti Sport, and Prime profiles in its recent sweep. Russia prohibited Twitter as such in early March as part of the effort to suppress free speech and develop a censored information environment in the nation. In 27 member states of the European Union and the … Read more

EU nations seek gaining agreement on a weakened plan to reduce winter gas use

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EU

On Tuesday, countries in the European Union are expected to agree a weaker emergency EU proposal to reduce domestic gas demand, with opt-outs allowing them to take separate national preparation measures in response to Russian supply cuts. Twelve EU countries are already dealing with reduced Russian supply. The final draught will be approved on Tuesday … Read more

EU provides Ukraine with $1.59 billion in aid through the European Investment Bank

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EU

With the help of the European Commission, the board of directors of the European Investment Bank approved further financial aid for Ukraine in the amount of EUR 1.59 billion to fund infrastructure and immediate requirements. “We want substantial financial support from throughout the world in order to restore Ukraine. This EUR 1.59 billion represents yet … Read more

EU sues Britain again as N. Ireland bill undermines trust

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UK

The European Commission has launched four new legal proceedings against Britain. It accuses London of failing to respect Northern Ireland trade aspects of the Brexit divorce deal. The procedures could result in fines being imposed by the European Court of Justice, though this is unlikely for at least a year. BRUSSELS, 22 JULY (Reuters) – … Read more

EU tells members to cut gas usage amid new Putin warning

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EU

The European Union has instructed its members to reduce their gas use by 15% until March. This follows a 10-day hiatus for maintenance on the Nord Stream 1 pipeline. Supplies through other routes, like Ukraine, have also decreased since Russia invaded its neighbour in February. Russian gas exports through Nord Stream 1 are expected to … Read more

EU and Ukraine strike agreement on a tranche of EUR 1 billion

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European Commission Vice President Valdis signing of a memorandum of agreement for the provision of EUR 1 billion macro-financial  Dombrovskis tweeted the following: “S “signing a Memorandum of Understanding with Ukraine on behalf of the EU to offer EUR 1 billion macro-financial coal support as emergency funds. This will be distributed at the end of … Read more

Russian shelling dies 6, Zelensky replaces security chief

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russian shelling

Six killed by Russian shelling in battle-ravaged eastern Ukraine. Rescue workers sifted through debris and cleared rubble from the collapsed structure. EU foreign ministers meet to talk about putting more sanctions on Moscow. KYIV, Ukraine: Six Ukrainians were killed by Russian shelling in battle-ravaged eastern Ukraine on Monday, Kyiv reported, as the country reeled from … Read more

President: Ukrainian diplomats should make every effort to tighten the seventh round of EU sanctions

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President

He asserts that the occupiers must understand what a just reaction to terrorism implies, particularly as a result of sanctions, following a Russian army missile strike on Vinnytsia and other terrorist assaults. There won’t be any restful nights for the occupiers “said Zelensky. The eighth set of sanctions against Russia for its invasion of Ukraine … Read more

Ukraine PM Shmyhal requests that the EU declare Russia as terrorist state

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Ukraine PM Shmyhal

Ukrainian Prime Minister Denys Shmyhal demanded that the EU declare Russia a state sponsor of terrorism. In a chat with EU High Representative Josep Borrell,”During a video call with EU High Representative Josep Borrell, I called on the EU to recognize Russia as a terrorist state. After all, its army systematically commits terrorist acts against … Read more

EU said its next sanctions package will target Russian gold

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russian gold

The EU will target Russian gold shipments in its upcoming sanctions package. EU will aim to “close exit routes” for individuals who evaded previous sanctions. The move is a response to the G7’s ban on gold exports from Russia at the end of June. The EU will target Russian gold shipments in its upcoming sanction … Read more

First round of voting for new PM among UK Conservative

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MPs to vote on who will succeed Boris Johnson on September 5. Johnson resigned last week after a cabinet revolt, led by then-finance minister Rishi Sunak. Sunak topped Tory MPs’ nominations on Tuesday, ahead of Liz Truss, Paul Shapps and Penny Mordaunt. LONDON: Britain’s ruling Conservative Party was set to narrow down the eight contenders … Read more

Bank of England defends insurance rule reform stance

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Bank of England
  • The Bank of England has mounted a staunch defense of its approach to reforming UK insurance rules.
  • The Solvency II framework, inherited from the EU, dictates how much cash companies must maintain and where they may invest.
  •  PRA stated that insurers should not be given a “free lunch” in the form of a capital release.

The Bank of England has mounted a staunch defense of its approach to reforming UK insurance rules, amid growing political and industry pressure.

The Prudential Regulation Authority of the Bank of England, which oversees insurers, is collaborating with the Treasury on long-awaited modifications to the Solvency II framework.

The rule, inherited from the EU, dictates how much cash companies must maintain and where they may invest.

The government has conducted a consultation on revising the rules, touting it as one of the most significant “Brexit rewards.”

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EU concentrates on energy supply under Czech president

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czech

The Czech Republic has taken over the EU presidency from France. Its prime minister and head of the European Commission outlined their priorities for energy reform. The EU needs to prepare for a complete cut-off from Russia’s gas supply, according to Ursula von der Leyen. STRASBOURG, France: As the Czech Republic took over the EU … Read more

EU lawmakers pass landmark tech rules, but enforcement a worry

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EU

EU lawmakers have approved ground-breaking regulations to limit the power of tech behemoths. However, because of limited resources, enforcing the regulations may prove difficult. Critics claim that the EU’s taskforce for regulating Big Tech lacks specialized expertise. On Tuesday, EU lawmakers approved ground-breaking regulations to limit the power of tech behemoths like Alphabet’s (GOOGL.O) Google, … Read more

Pakistan, EU coordinating more closely on Afghanistan: Envoy

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BRUSSELS: Pakistan’s Ambassador to Belgium, Luxembourg and European Union Dr Asad Majeed Khan has underlined the importance of Pakistan and the EU coordinating more closely on Afghanistan. Ambassador Asad Majeed Khan met the Deputy Secretary-General of the European External Action Service Enrique Mora and discussed matters of mutual interest. Bothe discussed the overall state of … Read more

Iran will maintain contact with EU after Doha nuclear talks conclude

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iran

Iran and the EU will continue to communicate about the next round of talks on the 2015 nuclear deal. The two-day indirect talks between Tehran and Washington concluded in Doha on Wednesday. They were interrupted in March after a three-month break due to political tensions between the two countries. TEHRAN: The FM of Iran stated … Read more

EU close to reaching an accord with Russia to end the dispute over Kaliningrad

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EU

As European authorities move closer to a compromise agreement with the Baltic state to defuse a dispute with Moscow, two sources familiar with the situation said trade from Lithuania to the Russian exclave of Kaliningrad might resume normally within days. Kaliningrad has been cut off from certain freight shipments from the rest of Russia since … Read more

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