Washington: G7 finance ministers, led by Canadian Finance Minister Francois-Philippe Champagne, held a call Friday to consider tougher economic measures against Russia, including new sanctions and tariffs targeting nations that support or enable its war in Ukraine. According to a Canadian statement, the group discussed accelerating plans to use frozen Russian assets to support Ukraine’s … Read more
U.S. President Donald Trump turns heat to demand European Union to hit China and India with tariffs of up to 100%, aiming to cut off funding from Russia. Trump made the demand during a high-level meeting between U.S. and EU officials on Tuesday, where economic strategies to confront Russia were discussed. The move would mark … Read more
The court also imposed an additional fine of 1 million euros for each day Hungary failed to comply. The EU will withdraw the money from common funds that would otherwise be allocated to Budapest. The commission has issued an initial payment request for the daily fines. On Wednesday, the European Union initiated the process of … Read more
The EU’s executive branch warns of Hungary’s threat to send a bus convoy of migrants to Brussels. Hungary’s anti-immigrant government is serious about providing free one-way travel to Brussels for migrants. The measure aims to pressure the European Commission into dropping heavy fines imposed on Hungary. On Tuesday, the EU’s powerful executive branch warned that … Read more
UK Prime Minister Keir Starmer Promises Better Post-Brexit Trading Deal Promises to secure a better deal than “botched deal” negotiated by former PM Boris Johnson. He promises to work on a better deal during the UK tour of four nations. On Monday, Britain’s new Prime Minister Keir Starmer promised to secure a better deal with … Read more
Belgium, holding the EU’s rotating presidency, announced the agreement in principle. The new sanctions will strengthen measures in response to Russia’s invasion of Ukraine. The EU has already imposed 14 packages of sanctions against Russia for its war on Ukraine. EU countries agreed on Wednesday to impose new sanctions on Belarus over the Ukraine war … Read more
China and the EU have agreed to negotiate a series of import taxes to ease the risk of soaring Chinese electric car prices in the EU. The EU alleged that Chinese EVs benefited from unfair subsidies by its government. China accused the EU of protectionism and breaching trade rules. Top officials from both China and … Read more
Chinese EV manufacturers will face tariffs starting on July 4 if negotiations with Chinese authorities fail. The tariffs are part of an ongoing investigation into cheap, government-subsidized Chinese cars entering the EU. Germany’s Transport Minister warns of a “trade war” with Beijing. The European Union (EU) plans to increase the prices of Chinese electric cars … Read more
The probe targets the import of polyoxymethylene copolymer used in electronics and cars. The move comes as China’s trade disputes with the US and EU have intensified. Europe has initiated probes into Chinese imports, including tinplate steel and solar panel makers. The Ministry of Commerce has announced that China has launched an anti-dumping probe into … Read more
The EU has agreed to expand sanctions on Iranian drone and missile producers following Tehran’s attack on Israel. European Council President Charles Michel emphasized the importance of isolating Iran. US Treasury Secretary Janet Yellen discussed the possibility of further sanctions and suggested targeting Iran’s oil exports. Following Tehran’s unprecedented attack on Israel, the EU has … Read more
Alphabet, Google, Meta, and Apple are under scrutiny for alleged uncompetitive practices. If found guilty, these firms could face fines of up to 10% of their annual turnover. Experts anticipate that the investigation will take around 12 months. On Monday, EU antitrust boss Margrethe Vestager and industry head Thierry Breton announced that they are investigating … Read more
The aid package includes grants and loans over the next three years, with 5 billion euros ($5.4 Billion) constituted as macro-financial assistance. The EU will assist Egypt in fortifying its borders, particularly with Libya, and hosting Sudanese who have fled fighting. Egypt has 9 million migrants, including about 480,000 registered refugees and asylum-seekers. On Sunday, … Read more
Southern Europe is most vulnerable to fires, water shortages, and agricultural impacts. The top threats are to ecosystems, particularly coastal and marine environments. The EEA calls for unanimous recognition of these risks and faster action. A new EU analysis issued a warning on Monday, stating that Europe could face “catastrophic” consequences from climate change if … Read more
Digital Commissioner Thierry Breton detailed the suspected violations in a post on X. X is accused of failing to meet transparency obligations. X is cooperating with the regulatory process and aims to create a safe, inclusive environment. The European Union has officially declared its suspicion that X, formerly recognized as Twitter. They currently owned by … Read more
EU and UK condemn Houthi attacks on Red Sea ships as “unacceptable.” Houthi threats jeopardize food security in Yemen. UK warns of imposter “Yemeni Navy” directing ships. The latest strong response from the international community comes from the EU and the UK, who denounced the Houthis, who are backed by Iran, for targeting ships in … Read more
EU Foreign Ministers discussed middle east crisis. Ukraine aid remains top priority, but EU attention shifts to Mideast conflict. France and Belgium announce their own restrictions on settlers. On Monday, the foreign ministers of the European Union deliberated over potential measures to address the crisis in the Middle East. These measures included a financial crackdown … Read more
Azerbaijan cleared a major obstacle to hosting COP29. Decision the on next COP host is expected before COP28 ends in Dubai. The EU is still undecided about supporting Azerbaijan. Notwithstanding the controversy surrounding COP28 being held in the oil-rich United Arab Emirates, the Petro-state Azerbaijan has cleared a major obstacle to hosting the UN climate … Read more
EU’s 20 billion euro offer for Ukraine military aid faces resistance. Hungary has been withholding 500 million euros in payouts from the Peace Facility. EU military aid is to be coordinated with security packages negotiated individually. The European Union’s plan to allocate up to 20 billion euros ($21.4 billion) for military aid to Ukraine is … Read more
Xi Jinping opposes bloc confrontation as BRI meeting begins. International delegates gathered to mark the 10th anniversary of the BRI. The forum saw the participation of representatives from over 130 countries. Chinese President Xi Jinping made it clear that his country rejects “economic coercion” and “bloc confrontation” during the opening ceremony of the Belt and … Read more
China’s Xi Jinping warns against decoupling & hails Belt & Road in forum. Xi also celebrated the grand plan he initiated a decade ago. The forum drew representatives from over 130 countries. Chinese President Xi Jinping issued a warning against the idea of decoupling from China, critiquing Western efforts to reduce their reliance on the … Read more
Polish nationalists PiS are about to lose power. The liberal opposition alliance stands a chance to secure a parliamentary majority. Opposition parties are projected to secure 248 seats with KO receiving 31.6% of the vote. Poland’s incumbent Law and Justice (PiS) party has emerged as the top vote-getter in Sunday’s general election, as per exit … Read more
Acrimonious campaign splits nation before vital vote in Poland election. The younger generation of Poles is now engaging in debates. They are deeply concerned that the hard-right Law and Justice party. In the historical Lenin shipyard in Gdansk, where Solidarity’s heroic struggle for political change began, the younger generation of Poles is now engaging in … Read more
Detention period may now last up to 18 months, up from 3 months. Recent arrival of 10,000 migrants on Lampedusa prompts action. EU plans and agreements with origin countries have had limited impact. The Italian government, facing a significant influx of migrants, has approved measures aimed at extending the duration of their detention and facilitating … Read more
Germany reverses suspension of migrant agreement with Italy. The decision follows the recent migrant influx in Lampedusa. Germany initially pledged assistance under the EU solidarity program. Germany has reversed its decision to suspend a voluntary agreement with Italy to accept migrants and refugees. Just two days after announcing the suspension, Germany’s interior minister, Nancy Faeser, … Read more
EU probes tariffs on subsidized Chinese EVs. European carmakers challenged by affordable Chinese EVs. China’s EV companies go global amid local competition. The European Commission launched a probe on Wednesday to determine whether to impose tariffs to defend the European Union (EU) against Chinese EV imports that are subsidized by the government. “Global markets are … Read more
ISLAMABAD: Caretaker Prime Minster Anwaar-ul-Haq Kakar on Friday stressed the need to continue the GSP Plus scheme which served the interests of both Pakistan and the European Union. The prime minister, in a meeting with EU Ambassador to Pakistan Riina Kionka, who called on him, emphasized the significant role of the GSP Plus scheme in … Read more
Four migrants drowned off the Greek island of Lesbos. Eighteen other migrants were rescued. Greece is a major entry point for migrants and refugees. The coast guard reported on Monday that four migrants who were attempting to cross the sea from nearby Turkey drowned off the Greek island of Lesbos and that 18 others were … Read more
ISLAMABAD: Dr Riina Kionka, the EU Ambassador to Pakistan, voiced significant concern about the actions taken against the PTI and its supporters following the events of May 9. She made this statement in a video addressing the extension of Pakistan’s GSP Plus status and outlined the current state of Pakistan’s GSP Plus status, explaining that … Read more
