Macron calls on EU to ‘defend European interests’ in US tariff talks
French President Emmanuel Macron on Saturday condemned US President Donald Trump's threat to impose 30-percent tariffs on the European Union, calling on the bloc to "resolutely defend European interests."
European Union says Israel has agreed to ‘expand’ Gaza aid access
"This deal means more crossings open, aid and food trucks entering Gaza, repair of vital infrastructure and protection of aid workers. We count on Israel to implement every measure agreed," said EU foreign affairs chief Kaja Kallas.EU seeks Gaza progress after Israel found in breach of cooperation deal
Brussels, Belgium -- The EU said Monday that Israel must improve the humanitarian situation in Gaza or else face possible consequences, after a review of a cooperation deal found it fell short of its human-rights obligations. The European Union's top diplomat, Kaja Kallas, said the bloc hopes to use a...EU tells Israel to reverse move to cut off Palestinian banks
Brussels, Belgium -- The EU on Wednesday urged Israel to undo a move by a far-right minister that threatens to paralyze Palestinian financial institutions. Israeli finance minister Bezalel Smotrich announced Tuesday that Israel had cancelled a waiver allowing its banks to work with Palestinian ones. "The European Union is deeply...EU removes UAE from ‘high-risk’ money-laundering list, adds Monaco
The European Commission said it added Algeria, Angola, Ivory Coast, Kenya, Laos, Lebanon, Namibia, Nepal and Venezuela, along with Monaco, to the list of countries subject to extra monitoring of their money laundering controls.Trump fires new 50% tariff threat at EU, drawing stiff response
Washington, United States - President Donald Trump rekindled the US trade war on Friday, threatening to impose a 50 percent tariff on the European Union -- and drawing a strong response from European politicians. If they come into effect, the new duties on Brussels would dramatically raise Washington's current baseline...EU to lift all economic sanctions on Syria to help the war-torn country
EU countries agreed Tuesday to lift all their remaining economic sanctions on Syria in a bid to help the war-torn country recover after the ouster of Bashar al-Assad.Iran, European powers to hold nuclear talks in Turkey
The Istanbul meeting follows Foreign Minister Abbas Araghchi's warning of "irreversible" consequences if the European powers move to reimpose United Nations sanctions on Iran that were lifted under a 2015 deal.Trump’s sweeping tariffs spark fears of trade war, recession, and global economic instability
The threat of a trade war has caused increasing political ructions, with Canada's looming general election on April 28 set to be dominated by how to deal with Trump, who has also called for the United States to annex Canada.European Parliament approves aid package for Egypt, Jordan
Brussels, Belgium -- Members of the European Parliament have approved two proposals to provide Egypt and Jordan with loans worth €4 billion ($4.32 billion) and €500 million, respectively. The Parliament adopted the macro-financial assistance to Egypt with 452 votes in favor, 182 against and 40 abstentions. The proposal for Jordan...Macron hosts European leaders to discuss Ukraine’s security amid ceasefire talks with Russia
The meeting is seeking to set out what security guarantees Europe can offer Ukraine once a ceasefire deal is agreed, including the possible deployment of military forces by a so-called "coalition of the willing".Macron announces new Ukraine ‘coalition’ summit in Paris on March 27
French President Emmanuel Macron on Thursday said the leaders of a coalition of Ukraine backers would meet again in Paris next week, as it seeks to finalise plans to secure a potential truce in the war with RussiaMiddle East crisis top-of-mind at first EU-Gulf summit in Brussels
Confirmed at the last minute, the presence of Saudi Arabia's Crown Prince among the six Gulf leaders in attendance heightened expectations. Trade, energy and climate change were all on the table, but Israel's conflicts in Gaza and Lebanon -- on which the two groups hold broadly converging views -- were...Helpless! Top EU diplomat regrets failure to ‘stop’ Netanyahu
EU foreign affairs chief Josep Borrell voiced regret Friday that no power, including the United States, can "stop" Israeli Prime Minister Benjamin Netanyahu, saying he appears determined to crush militants in Gaza and Lebanon.UN, EU and US decry extremist Israeli minister’s prayer at Al-Aqsa
"We are against any efforts to change the status quo within the holy sites," said deputy spokesman Farhan Haq. "Al-Aqsa mosque, like the other holy sites in Jerusalem, should be left to themselves and should be controlled by the existing religious authorities for the sites. This sort of behavior is...European Union imposes fresh sanctions on ‘extremist’ Israeli settlers
Brussels, Belgium -- The European Union on Monday announced sanctions on five Israelis -- including those termed "extremist settlers" -- and three organizations for abuses against Palestinians in the West Bank and blocking humanitarian aid to Gaza.The asset freezes and visa bans are the second round of sanctions from the 27-nation...China’s BYD signs deal to open electric car plant in Turkey
Istanbul, Turkey -- China's electric vehicle giant BYD on Monday signed a one-billion-dollar agreement with Turkey to open a plant in the country in a move that would help it dodge new EU tariffs.The signing ceremony in Istanbul between BYD's CEO Wang Chuanfu and Turkey's industry and technology minister Fatih Kacir...European Union slaps Chinese electric cars with tariffs of up to 38%
Brussels, Belgium -- The European Union on Thursday slapped extra provisional duties of up to 38 percent on Chinese electric car imports because of "unfair" state subsidies, despite Beijing's warnings the move would unleash a trade war.A European Commission probe launched last year concluded that state subsidies for Chinese EV manufacturers...European Union chief in Egypt for joint investment conference
"At this conference, European companies are signing over 20 new deals ... which are worth over 40 billion euros," Ursula von der Leyen said at the meeting in the Egyptian capital. The conference comes after a $7.9 billion EU funding package was signed in March to support the indebted North...EU targets UAE telecoms firm in new anti-subsidy probe
Telecoms group e&, whose majority stakeholder is the UAE government, signed a $2.3-billion agreement in August 2023 to purchase Czech PPF telecoms group's assets in Bulgaria, Hungary, Serbia and Slovakia. The European Commission said a preliminary probe "indicates that there are sufficient indications that e& has received foreign subsidies distorting...EU hosts talks to strengthen Palestinian Authority for Gaza
A "strong" Palestinian Authority is needed to bring peace in the Middle East, EU foreign policy chief Josep Borrell said just before going into the meeting with Mustafa. The talks were being held as efforts were narrowing to try to find a Gaza truce and a hostage-release deal.European Union probes Apple, Google, Meta under new digital law
Among six firms named as market "gatekeepers" under the EU's landmark Digital Markets Act -- along with Amazon, TikTok owner ByteDance and Microsoft -- the companies have been obliged to comply with the new law since March 7.EU imports US$120.5bn worth of energy products in Q4 2023
BRUSSELS, BELGIUM – In the fourth quarter of 2023, the EU imported US$120.5 billion (€111.3 billion) worth of energy products amounting to a total of 187.9 million tonnes.Compared with the same period in 2022, imports decreased both in value (-34.2 percent) and in net mass (-11.7 percent), according to figures...Eurozone business activity stabilizes in March
Brussels, Belgium - Business activity in the eurozone stabilized in March thanks largely to a "modest recovery" in the service sector, a closely watched survey showed on Thursday.The HCOB Flash eurozone purchasing managers' index (PMI) published by S&P Global stood at 49.9 in March, up from 49.2 in February.A figure below 50...European Union and Egypt to sign $8 billion funding package
Cairo, Egypt -- The European Union, which is seeking to stem the inflow of irregular migrants, announced Sunday a 7.4 billion euro ($8 billion) package of loans, grants and energy cooperation deals with cash-strapped Egypt.It will include billions in loans over coming years and aims to step up Egyptian energy imports...Seven children among 22 dead as boat capsizes off Turkish coast
Istanbul, Turkey - Twenty-two migrants including seven children have drowned after a boat capsized off the Turkish coast, local officials said on Friday.Two people were rescued by the Turkish coastguard and another two managed to make it out of the water on their own, officials said. The victims' nationalities were not...European Union to sanction violent Israeli settlers and Hamas
Britain and the United States have already imposed sanctions on a small number of Israeli settlers accused of committing human rights abuses against Palestinians in the West Bank.Italy begins probe into OpenAI’s new video tool Sora
ROME, ITALY – The European country's data protection watchdog - Italian Data Protection Authority - said on Friday it has launched an investigation into Sora, a new artificial intelligence (AI) tool made by US firm OpenAI.The Italian Data Protection Authority said it was concerned over "the possible implications for the processing...US plan for Gaza aid transfer through sea dismissed by UN expert
In his annual State of the Union address to Congress, President Joe Biden said the US military would "lead an emergency mission to establish a temporary pier in the Mediterranean on the coast of Gaza that can receive large shipments carrying food, water medicine and temporary shelters."Apple’s changes contradicts European rules, 34 firms complain
Brussels, Belgium - Changes Apple is making to its services in the European Union "make a mockery" of new antitrust rules in the bloc, 34 digital organizations complained to the European Commission this week.They include app makers Epic Games and Spotify."We are very concerned that Apple’s proposed scheme for compliance with...Global criticism of Israel after ‘massacre’ of Gazans lining for food
Global condemnation flowed after Israeli forces in war-ravaged Gaza opened fire as Palestinian civilians scrambled for food aid during a chaotic incident which the Hamas-run territory's health ministry said killed over 100 people. The Israeli military said a "stampede" occurred when thousands of desperate Gazans surrounded a convoy of 38...26 EU states demand ‘immediate’ halt in Gaza fighting: Borrell
The European Union has struggled for a united response on Israel's military operation following the October 7 attack by Hamas. But Borrell said foreign ministers from 26 states had agreed a statement calling for "an immediate humanitarian pause that would lead to a sustainable ceasefire".Iran-EU trade surpasses US$5bn in 2023, says Eurostat
TEHRAN, IRAN - The Statistical Office of the European Union (Eurostat) reported that Iran and the 27 European Union member states traded over US$5 billion (€4.7 billion) worth of goods in 2023.Trade between Iran and the member states of the European Union recorded a decrease of 9 percent from January...Planned Israeli offensive in Rafah ‘alarming’: EU’s Borrell
Rafah is the southernmost city in the Palestinian enclave that has been hit by a fierce Israeli offensive since the October 7 Hamas attacks on Israel. Many of the population of 2.2 million have taken refuge there. Earlier, Israeli Prime Minister Benjamin Netanyahu told officials to "submit to the cabinet...No Middle East escalation, urges EU foreign policy chief after US strikes
European Union foreign policy chief Josep Borrell called on all parties to avoid further escalation in the Middle East after US strikes on Iran-linked groups in Syria and Iraq. "Everybody should try to avoid that the situation becomes explosive," Borrell said at a meeting of EU foreign ministers in Brussels.EU gives accent to landmark rules on artificial intelligence
Brussels, Belgium - The European Union's 27 member states on Friday approved landmark rules on reining in artificial intelligence, passing a key last hurdle after tough negotiations to the very end.Brussels first proposed an AI law in 2021 but spent most of last year racing to greenlight the draft text after chatbot...Pakistan and Iran vow to restore ties after cross-border strikes
Tehran carried out strikes against an anti-Iran group in Pakistan on January 16, the same week the nation's military targeted Iraq and Syria. Two days later, Pakistan responded in kind with a pre-dawn raid on "militant targets" in Iran's Sistan-Baluchistan province, one of the few mainly Sunni Muslim regions in...EU plans measures to protect sensitive technology from China
The European Union unveiled plans to strengthen the bloc's economic security including measures to protect sensitive technology from falling into the hands of geopolitical rivals like China. Brussels has bolstered its armoury of trade restrictions to tackle what it deems to be risks to European economic security, following Russia’s invasion...European Union probes Lufthansa’s proposed ITA Airways stake
The European Commission said it had "preliminary concerns that the transaction may reduce competition in the market for passenger air transport services on several short-haul and long-haul routes in and out of Italy".EU’s Borrell accuses Israel of ‘creating’ and ‘financing’ Hamas
Hamas was created in December 1987 shortly after the start of the first Palestinian intifada, or uprising, in the Israeli-occupied Palestinian territories by a group of fighters claiming to be from the Muslim Brotherhood, including the influential Sheikh Ahmed Yassin. Twenty years later, in June 2007, Hamas took control of...Disinformation, misinformation hurt global businesses
"These risks are serious because they limit our ability to tackle the big global challenges we are facing. Changes in our climate and our geopolitical climate, shifts in our demography and in our technology. Spiraling regional conflicts and intensified geopolitical competition, and their impacts on supply chains," she adds.EU examines Microsoft large investment in OpenAI
Brussels, Belgium - The EU, racing to regulate the fast-moving world of artificial intelligence, said on Tuesday it has started a preliminary study of Microsoft's multi-billion-dollar investment in ChatGPT developer OpenAI to see if it could be a disguised merger.The early-level examination is "checking whether Microsoft's investment in OpenAI might be...UAE announces its participation in Nasa’s Lunar Gateway Station
Abu Dhabi, UAE - The UAE has announced its participation in developing a module on Nasa’s Lunar Gateway Station alongside the USA, Japan, Canada and the European Union, in addition to sending the first Emirati astronaut into lunar orbit as part of the project.During the event held at Qasr Al...EU’s Borrell meets Hezbollah official in bid to avoid wider war
Josep Borrell held talks with the head of Hezbollah's parliamentary bloc, Mohammad Raad, Lebanese media reported. An EU source confirmed the meeting, which came hours after the group's fighters fired rockets at an Israeli military base in response to the killing of a senior Hamas figure in a suspected Israeli...EU urges peace at Israel-Lebanon border amid escalation fears
The European Union foreign policy chief warned against a regional conflict that would involve Lebanon, as border clashes intensified nearly three months into Israel's war with Hizbollah ally Hamas. “It is absolutely necessary to avoid Lebanon being dragged into a regional conflict," Josep Borrell said during a press conference in...Saudi Arabia, Qatar denounce Gaza’s residents emigration plan
Saudi Arabia and Qatar condemned comments by two Israeli ministers calling for Palestinians to emigrate from the Gaza Strip. Israel's National Security Minister Itamar Ben-Gvir on Monday called for promoting "a solution to encourage the emigration of Gaza's residents" and the re-establishment of Israeli settlements in the Gaza Strip.Russia redirected most oil exports to China and India, says Novak
After President Vladimir Putin sent troops to Ukraine in February 2022, Western countries hit Russia with a slew of sanctions including a European Union embargo on its seaborne oil deliveries. As it was losing much of its market share in Europe, Moscow pivoted to other buyers including China.Russia extends ban on entry of trucks from EU, UK, Norway, Ukraine
MOSCOW, RUSSIA - The Russian government has extended the ban on the entry of trucks from the European Union, the UK, Norway and Ukraine to the country. “The restriction will remain in effect until the circumstances that served as the basis for its introduction are eliminated,” the Cabinet noted on...EU agrees on 150-million financial aid for Tunisia
A joint statement said the funds amounting to around $164.3 million "aims to support the efforts undertaken by the Tunisian government to promote the recovery of the economy" through "the improvement of the management of public finances". Tunisia, which devotes a good part of its resources to repaying a crippling...Moroccan officials questioned in EU graft probe
BRUSSELS, BELGIUM - Several Moroccan officials have been questioned as part of a high-profile investigation into alleged bribery by the north African state and Qatar at the European Parliament, Belgian prosecutors said on Saturday.The interviews in Morocco -- conducted by local authorities in the presence of Belgian investigators -- were the...Eurozone business activity continues downward trend in December
BRUSSELS, BELGIUM - Business activity in the eurozone slumped at a faster rate in December, weighed down by a deeper downturn in France, a key survey said on Friday.The HCOB Flash Eurozone purchasing managers' index (PMI) published by S&P Global fell to 47 in December from 47.6 in November. A figure below 50...