In August, yearly inflation in the Eurozone reached a record 9.1%

With an increase in energy costs mostly resulting from Russia's conflict in Ukraine, the eurozone's inflation rate in August reached a new high of 9.1%.

According to the most recent statistics made public on Wednesday by the European Union statistics office Eurostat.

T...

Roman Abramovich, the former owner of Chelsea Football Club, has filed a lawsuit against the European Union Council

Roman Abramovich, a Russian billionaire, has filed a lawsuit against the European Union Council.

On Tuesday, the previous owner of Chelsea FC filed a legal complaint with the EU's general court. Neither the court nor the Council had responded to a request for comment at the time of ...

Emotions Shaping Debates in the European Parliament

In the last ten years, a lot of research has been conducted to understand the role of emotions in politics. 

The officials and representatives of the European Union are often thought of as rational individuals. It is widely expected that emotions stand in the way of rationality and...

European Union Authority feels the need to take booster shots of Pfizer

Highlights

• The EUA is considering giving a booster shot of Pfizer vaccine
• These booster shots to be given to adult citizens who have already taken two doses

The European Medicines Agency gave a statement that it is considering giving...

COVID-19 VACCINATION OF ELDERLY PEOPLE IN JAPAN LIKELY TO BE DELAYED

Highlights –

• COVID-19 vaccination of elderly people in Japan likely to be delayed.
• The initially anticipated date for inoculating elderly people was April.
• Japan govt. is unsure about the subsequent shipments of the vaccines due to t...

JAPAN RECEIVES ITS 1ST COVID-19 VACCINES FROM PFIZER INC.

Highlights –

• Japan receives its 1st COVID-19 vaccines from Pfizer Inc.
• The vaccines are likely to be approved for domestic use on Sunday.
• Inoculations in Japan will begin on Wednesday if the approval is kept on schedule.
• Ar...

SHANGHAI CUSTOMS REPORTS RISE IN TOTAL FOREIGN TRADE BY 2.2 PERCENT

Highlights –

• Shanghai customs reports rise in total foreign trade by 2.2 percent.
• From January to November, the total exports rose by 0.5 percent to 1.25 trillion yuan.
• Shanghai’s total foreign trade rose to 3.15 trillion yuan (...

CHINA INVESTMENTS WITH EU STATES UNDER THREAT OVER EP RESOLUTION ON UYGHURS

Highlights –

• China investments with EU states under threat over EP resolution on Uyghurs.
• The EP passed a resolution on Dec. 18 on forced labour and conditions of Uyghurs.
• Uyghurs and other primarily Muslim ethnic minorities live in X...

PORTUGAL TO RECEIVE 3 BILLION EUROS OF EUROPEAN UNION FUNDS TO PROTECT BUSINESSES AND JOBS

Highlights:

• Portugal receives 3 billion euros of the European Union Funds for protecting the businesses and jobs in the country
• The prime minister of Portugal said that, they have received the first tranche of the loan that has been allocated to Portu...

EU ACCEPTS GERMANY’S CORONAVIRUS PROPOSAL ON AIR TRAVEL

HIGHLIGHTS

• Germany has suggested a proposal regarding coronavirus-preventative common hygiene standards in the context of air travel.
• The European Union has accepted the proposal submitted by Germany.
• The agreement is yet to be approved by ...

EU LEADERS REACH ON AN AGREEMENT OVER COVID – 19 RECOVERY PLAN

Highlights

• 390 billion euros will be distributed in the form of grants 
• Member states will develop a plan on investment of new funds 

Following talks in Brussels over new fiscal stimulus, the 27 European Un...

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...

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 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 UNION ANNOUNCES RELIEF PACKAGE WORTH HALF TRILLION EUROS

Highlights

• Package worth $550 billion will emphasis on aiding companies, small businesses and workers health systems

• European Union remains divided over joint bonds termed as “eurobonds”

In the meeting that concluded on Thursday, European Un...

Israel unhappy over last year’s Aalst carnivals depiction of Jews, calls out for a ban on parade

Israel has called out for a ban on carnival parade happening this week in the city of Aalst in Belgium, last year the parade faced a lot of criticism for showcasing anti-Semitic stereotypes, Minister of foreign affairs, Katz took to the twitter condemning the picture with a huge red cross across ...

Japan and European Union signs new trade deal, reduces tariff on U.S beef

New trade deals with Japan and the European Union finalized on Jan. 1.

National Cattlemen’s Beef Association President Jennifer Houston stated the trade deal is good news for cattle producers.

The new deal with Japan instantly reduced tariff on U.S. beef from 38.5 percen...

A team of scientists will launch "a low-cost intelligent beehive test suite"

A team of scientists will launch "a low-cost intelligent beehive test suite" to provide beekeepers with "real-time remote monitoring resources for better management of their apiaries, both in terms of colony health assessment and the beekeeping potential of resource-level areas for...

Turkish currency dropped

The huge drop in Turkey’s lira valuation in the wake of the Turkish military advance into Syria has made it October’s worst-performing major currency, a move that looks even starker considering most emerging market currencies have powered ahead.

The lira is no stranger to vo...