Tue, 21-Oct-2025

EU agency clears arthritis drug for severe Covid cases

THE HAGUE, Dec 6, 2021 (AFP) – The European Union’s drug regulator on Monday cleared the arthritis treatment tocilizumab for use in patients hospitalised with severe Covid-19, saying it reduced the risk of death. The anti-inflammatory drug made by Swiss pharma giant Roche should be used with steroids for critically ill patients, the European Medicines Agency … Read more

EU fines major banks €344 million over forex cartel

EU

BRUSSELS: Brussels slapped fines totalling €344 million ($390 million) on Thursday on Barclays, RBS, HSBC and Credit Suisse after finding the banks had engaged in a forex trading cartel. Traders at UBS were also found to have taken part, but the European Commission agreed to reduce the Swiss bank’s fine to zero after it came … Read more

Belgium can serve as transit destination for Pakistan’s exports: envoy

Pakistan’s exports to Australia

LAHORE: Belgium could be a good transit destination for Pakistani exports to Europe, a diplomat said on Wednesday. Speaking at a meeting at the Lahore Chamber of Commerce and Industry (LCCI), Ambassador of Belgium to Pakistan Philippe Bronchain said that his country wants exporters to establish warehouses/display centres in Belgium for ensuring early transportation of … Read more

US tariffs on Spanish olives violation of rules: WTO

US tariffs on Spanish olives violation of rules: WTO

GENEVA: A US decision to slap steep import duties on Spanish olives over claims they benefited from subsidies constituted a violation of international trade rules, the World Trade Organization ruled on Friday. Former US president Donald Trump’s administration slapped extra tariffs on Spain’s iconic agricultural export in 2018, considering their olives were subsidized and being … Read more

France vows not to ‘abandon’ fishermen in UK dispute

France vows not to 'abandon' fishermen in UK dispute

PARIS: French President Emmanuel Macron insisted Friday that he would not “abandon” fishermen demanding post-Brexit licences for waters off the Channel island of Jersey, escalating a battle of words that could spiral into a trade war.

“We are going to continue to fight, we will not abandon our fishermen,” Macron told journalists during a visit to northern France.

He called on the European Commission to step up its efforts to pressure Jersey, a British crown dependency, to honour what France says are the terms of the post-Brexit trade accord with the bloc.

“The Commission must protect us. It has to see this through, but it’s moving too slowly, too weakly,” Macron said, adding that “if the Commission doesn’t play its part, France will do it.”

“I refuse returning to a bilateral discussion,” he added, because “this isn’t a question for France and the British, but a question of respecting your word.”

Asked for comment, an EU spokeswoman in Brussels acknowledged that despite some progress on license requests, “the process is still too slow.”

She said the commission would request “an intensification of this process” as a “matter of urgency” as the first anniversary of the post-Brexit Trade and Cooperation Agreement looms in December.

– ‘All options’ –

Paris has already threatened to ban British boats from unloading their catches at French ports and to subject all British imports to inspections, severely crimping trade.

Officials have also warned that electricity supplies to Jersey, which relies on power from the French mainland, could be restricted or cost more.

At stake are dozens of licenses sought by French fishermen who say Jersey has imposed onerous new requirements, including proof that boats were already plying Jersey waters for years before Britain’s exit from the EU in January.

Many ships are struggling to comply, and accuse Jersey of deliberating trying to exclude them.

On top of outstanding requests, Jersey has granted only temporary licences while talks with France continue, but Paris insists these must be made permanent.

“In total it involves 150 to 200 licences. That remains our demand,” France’s Europe Minister Clement Beaune said, adding that “We are keeping all options on the table if a dialogue doesn’t bear fruit.”

– ‘Time for action’ –

The comments came after French fishing representatives reacted furiously to a proposal to spend millions of euros to compensate the scrapping of boats no longer able to ply Jersey waters.

The offer was seen as preparing for capitulation in the fight with Britain, especially since fellow EU countries have largely remained silent on the fishing dispute.

“People are talking more about the Irish protocol (over the future Ireland/Northern Ireland border) than the fishing question,” said Eric Maurice, a political analyst at the Robert Schuman Foundation in Brussels.

“Everyone realises in Brussels and in member states that the larger question is the respect of the Brexit accords by the British,” he said, “and every knows very well that we’re dealing with a partner who does not always honour his word.”

Paris could also be hoping to settle the fishing dispute in the few weeks that remain before it takes over the rotating presidency of the EU in January — when it will have to take charge of all post-Brexit disputes.

But French fishing representatives, as well as regional officials along the Channel coast, say they are losing patience.

In May, dozens of boats massed at the main port of Jersey to protest, prompting a standoff that saw both France and Britain to dispatch military vessels.

“The time for action has come,” Jean-Luc Hall, director of the French fishing commitee, told AFP.

“Fishermen are considering a new mobilisation in the coming days to defend their fair and legitimate demands,” his committee said in a statement.

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Spain to raise social security payments to fund pensions

Spain to raise social security payments to fund pensions

MADRID: Spain’s government said Tuesday it had reached an agreement with unions to raise social security contributions to help finance its public pension system which is struggling with a rapidly ageing population. The European Commission has long demanded that Spain reform its pensions system and has made it a condition to access billions of euros … Read more

GSP Plus status for Pakistan to continue

European Commission

ISLAMABAD: The European Commission has decided to maintain the Generalised Preferential System Plus (GSP-Plus) status for Pakistan, with the introduction of new six conventions for the low-income countries. The commission, in a statement, has said that it has introduced six new conventions related to providing facility to the people with physical disability, tackling climate change, … Read more

EU to allocate over 200 mln euros in humanitarian aid for Afghanistan

European Commission President Ursula von der Leyen

BRUSSELS: The European Union (EU) will increase its humanitarian aid to Afghan people to over 200 million euros (236 million US dollars), announced European Commission President Ursula von der Leyen on Tuesday. “At today’s G7 Leaders call, I will announce an increase in humanitarian support for Afghans, in and around the country, from EU budget … Read more

The EU is preparing to consign gasoline cars to the scrapyard

Cars

The European Commission wants to end the sale of new diesel and petrol cars by 2035, under a massive plan to combat climate change published on Wednesday. According to one of a dozen draft laws revealed in Brussels, car emissions must fall by 55 percent by 2030 and drop to zero by 2035. “As a … Read more

European Union relaxes visa rules for skilled workers

European Union Relaxes Visa

The European Commission on Tuesday cheered the agreement reached between the regional bloc’s parliament and the council to relax the visa rules for workers coming to the continent to work as skilled labourers. The new rules have been changed under the reviewed Blue Card Directive. The new arrangement will introduce effective rules for inviting highly … Read more

European Commission removes PIA’s name from the list of banned airlines

PIA leased plane

The name of Pakistan International Airlines (PIA) has finally been removed from the list of banned airlines on the European Commission’s website. The website of the European Commission for Mobility and Transport contains the list of all banned airlines. PIA spokesperson said that the removal of PIA’s name from the list is a positive step. … Read more

EU urges Facebook, Google, Twitter to be more effective against fake news

Tech Bigwigs Including Google Soon In Pakistan?

The European Commission (EU) on Thursday urged Facebook, Alphabet’s Google, Twitter, and other tech rivals to try harder to be more effective against fake news. Fake news related to COVID-19 has accelerated calls for social media to be more proactive in combating the issue. The companies signed up to the code in 2018 in a … Read more