EU keeps defence fund alive with 8 billion euro proposal
Wednesday, 27 May 2020 The European Commission proposed on Wednesday spending 8 billion euros ($8.81 billion) of its next budget on a new European Union defence fund, keeping alive a Franco-German plan to deepen military cooperation despite the economic impact of COVID-19.
The European Commission said Friday it had given conditional approval for the use of antiviral drug remdesivir in severe COVID-19 patients. As Fred Katayama reports, that makes it the region's first authorized therapy to treat the virus.
The European Commission says too many passengers whose flights were cancelled amid the COVID-19 pandemic have not been refunded on time or have been offered only vouchers, in violation of EU rules.View on euronews
Credit: euronews (in English) Duration: 01:35Published
The European Commission confirmed that EU and UK negotiators resumed face-to-face talks on a post-Brexit trade deal on Monday, with both sides insisting that the process must accelerate if they are to reach an agreement by the end of the year.
Credit: PA - Press Association STUDIO Duration: 00:45Published
As many as 20 major EU banks are set to announce details for a new payments initiative in the very near future. This announcement came from Electronic Payments International. Business Insider reports the system is referred to as the Pan European Payment System Initiative (PEPSI). It will process card payments in addition to making fund transfers and mobile payments without using Mastercard's or Visa's network.
The UK left the European Union on January 31. Here we look at the latest figures and key dates in the ongoing Brexit process. Quote from Sarah Hewin, Chief economist at Standard Chartered, speaking to the Financial Times.
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German industrial orders rebounded moderately in May and a fifth of firms in Europe's biggest economy said in a survey published on Monday they feared insolvency, adding to expectations of a slow and painful recovery from the coronavirus slowdown. Francis Maguire reports.
Britain will end coronavirus quarantines for people arriving in England from more than 50 countries, including Germany, France, Spain and Italy - but not the United States - the British government said on Friday. Francis Maguire reports.
The British Government’s decision-making on setting up air bridges has been “shambolic”, First Minster Nicola Sturgeon said.UK Transport Secretary Grant Shapps earlier revealed quarantine restrictions for people returning to or visiting England from destinations such as Spain, France, Italy and Germany will be lifted from July 10.But speaking during the Scottish Government’s coronavirus briefing, Ms Sturgeon criticised the “shifting sands” of the UK policy and a lack of consultation.
Credit: PA - Press Association STUDIO Duration: 01:17Published