The coronavirus pandemic has exposed the weakness of the European Union and Germany will use its presidency of the bloc to promote solidarity and economic prosperity among its 27 member states, Chancellor Angela Merkel said on Thursday. Olivia Chan reports.
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.
Credit: PA - Press Association STUDIO Duration: 00:48Published
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