THE EUROPEAN UNION REOPENS TRAVEL FOR 15 COUNTRIES EXCEPT FOR THE UNITED STATES

Highlights:                

• The European Union will reopen travel for 15 countries except for the United Nation.
• The country’s overall handling of the pandemic will...

EU PLANS TO BAN AMERICAN TRAVELERS AS COVID-19 CASES HIT THE UPTICK IN THE US

Highlights:                

• The European Union is now considering banning American travelers.
• The European Union is all set to ban travelers from countries like Brazil an...

EU AND CHINA START TRADE TALKS; WANTS IMPROVEMENT ON INVESTMENT AGREEMENT

Highlights –

• EU warns China with Hong Kong’s new security law; trade talks begin.
• EU wants to see progress on an investment agreement under negotiation since 2014.
• China’s parliament reacted angrily to a resolution by the ...

ANGELA MERKEL VOICES CONCERN OVER THE ECONOMIC CRISIS IN THE EUROPEAN UNION

Highlights

• European Union leaders clashed over a recovery fund
• Leaders have different views on several factors including the criteria for money allocation

On a discussion over a recovery fund for the countries hit hardest by the coro...

EUROPEAN GOVERNMENTS NEGOTIATE OVER PROPOSAL TO TACKLE THE COVID-19 CRISIS

Highlights

• The stimulus plan has sparked division among EU nations
• The differences are over several factors including how the money should be distributed

The 27 European governments are negotiating. It is over a proposal for 750 bill...

EUROPEAN STOCK MARKET GAINS STEADY DUE TO POSSIBLE EU RECOVERY FUND

Highlights –

• EU may have a possible joint recovery fund budget for its bloc members.
• The European share market saw a steady rise for the same.
• The STOXX 600 index is set to end the week higher on Friday.
• The pan-European ST...

EU PLANS TO PROPOSE A JOINT BUDGET TO FIGHT COVID-19

Highlights –

• EU leaders plan to propose a joint budget and recovery fund for COVID-19.
• EU leaders will discuss the stimulus plan via video conference from 0800 GMT.
• The aid would be distributed mainly among worst-hit nations.
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EU MAKES HARDER FOR FOREIGN FIRMS TO BUY STAKES IN EUROPEAN COMPANIES

Highlights

• In 2016, 3% of European companies were owned by non-EU investors
• It represents 35% of total assets

Concerns grow over the unfair competition in Europe. The EU is making it harder for foreign state-backed firms to buy stake...

POSSIBLE SECOND WAVE OF INFECTIONS MAKES INVESTORS RETREAT FROM SHARE MARKET

Highlights –

• Thursday the European share market saw a slight fall.
• Investors withdrew from spending due to possible new infections of COVID-19.
• The pan-European STOXX 600 index fell 0.3%.
• Oil & gas .SXEP, miners .SXPP a...

JAPAN AND BRITAIN BEGIN TRADE NEGOTIATIONS

HIGHLIGHTS

• Japan and UK are planning free trade agreement.
• Hiroshi Kajiyama and Liz Truss are holding negotiations.

The lockdowns due to coronavirus have caused damage to economies worldwide. Both Japan and United Kingdom (UK) aim to...

PAOLO GENTILONI: EU MEMBER STATES WILL BRIDGE THE DIFFERENCES OVER THE STIMULUS PLAN

Highlights

• Supporters consider it as the right move as the economies are struggling
• Opponents are cautious of sharing debt with other nations  

A European official predicted on Friday that the European Union will agree to borrow...

UK MAY LESSEN EU BORDER CHECKS ON IMPORTS – BREXIT NEGOTIATIONS

Highlights –

• UK Government had introduced import controls on EU goods in January.
• After the Brexit transition period finishes the UK Government will be lenient on EU border checks.
• Checks on exports to the EU will be determined by Bru...

SOCIAL MEDIA PLATFORMS TO SUBMIT MONTHLY REPORTS TO THE EU ON HANDLING COVID – 19 MISINFORMATION

Highlights

• It applies to Facebook, Google, and Twitter
• They have signed up to an existing EU code of conduct on disinformation

For months world health leaders have warned about misleading information. It involves its origin, fake cur...

THE EUROPEAN COMMISSION’S STIMULUS PLAN, DEBATED

Highlights   

• The EC has proposed a 750-billion euro stimulus plan
• It is to support the region affected by the coronavirus crisis

European Commission has proposed a 750-billion euro stimulus plan. It is to support the regio...

POUND RISE AGAINST DOLLAR, STRONGEST SINCE END OF MARCH

Highlights –

• The pound rose above $1.27, highest since the end of March.
• The pound has gained more than 3 cents in a week, rose at $1.2705.
• The pound has gained 5% against the dollar.

Since the end of March market re...

THE UK GOVERNMENT CRITICIZES BEIJING’S IMPOSITION OF SECURITY LAW ON HONG KONG

THE UK GOVERNMENT CRITICIZES BEIJING’S IMPOSITION OF SECURITY LAW ON HONG KONG

Highlights

• China’s Hong Kong representation indicates Britain to keep the hands-off
• China’s Ambassador to the U.K. states that...

EUROPEAN CENTRAL BANK WILL CONTINUE TO AID COVID-19 AFFECTED AREAS

Highlights –

• COVID-19 leading to a recession-like situation in many countries in Europe.
• ECB has promised to help out coronavirus-stricken nations under its belt.
• The ECB will start buying corporate bonds.
• ECB may raise its...

EUROPEAN COMMISSION WILL AID FINNISH SCHEME – COVID-19

Highlights –

• Due to the ongoing pandemic, the European Commission has decided to help Finland.
• The Commission will help Finland under the EU state aid rules.
• The Commission plans to support Finland by donating $130 million.

EUROPEAN COMMISSION OFFERS $826 BILLION PACKAGE TO HELP EU TO RECOVER FROM COVID ECONOMICAL CRISIS

Highlights:       

• In an attempt to recover losses posed by current COVID crisis, the European Commission offered an impressive package of $826 billion.
• The European Commission offered this long-term plan for recove...

THE FRANCO-GERMAN RECOVERY PLAN IS UNDER THE CLOUDS

Highlights:

• Emmanuel Macron, the French President took this decision of borrowing money on behalf of the European Union.
• The idea is to issue funding to the most affected regions and industries. 
• Few days back this Franco-German tie up...