LONDON—Early signs of disruption caused by Britain’s shift to its new, less open trading relationship with the European Union are emerging in economic data. Although the biggest problem for many companies remains the COVID-19 pandemic, details of recent surveys show that Brexit is adding to the strain on the economy. Manufacturers and services firms have…
EU Looks to Tesla, BMW and Others to Charge $3.5 Billion Battery Project
BRUSSELS—The European Union has approved a plan that includes giving state aid to Tesla, BMW and others to support the production of electric vehicle batteries, helping the bloc to cut imports and compete with China. The European Commission’s approval of the 2.9 billion euro ($3.5 billion) European Battery Innovation project, follows the launch in 2017…
EU Wants Full Recognition for UK Envoy in Post-Brexit Spat
BRUSSELS—The European Union called Monday on the United Kingdom to grant the EU’s first-ever ambassador to the country full diplomatic status after the government in London declined to accord him those rights, but gave no clear signal that it would take retaliatory action. In a post-Brexit spat, Prime Minister Boris Johnson’s government is refusing to…
EU Proposes More Travel Restrictions to Stop Virus Variants
BRUSSELS—The European Union’s executive body proposed Monday that the bloc’s 27 nations impose more travel restrictions to counter the worrying spread of new coronavirus variants but make sure to keep goods and workers moving across EU borders. Amid concerns related to the production and delivery of COVID-19 vaccines, the European Commission urged EU nations to…
EU States No Longer Recognize Guaido as Venezuela’s Interim President
January 25, 2021
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BRUSSELS—Venezuela’s Juan Guaido is a “privileged interlocutor” but no longer considered interim president, European Union states said in a statement on Monday, sticking by their decision to downgrade his status. The EU’s 27 states had said on Jan. 6 they could no longer legally recognize Guaido as interim president after he lost his position as…
Eurozone Business Activity Shrinks in January as Lockdowns Hit Services
January 24, 2021
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LONDON—Economic activity in the eurozone shrank markedly in January as stringent lockdowns to contain the coronavirus pandemic hit the bloc’s dominant service industry hard. With hospitality and entertainment venues forced to remain closed across much of the continent, surveys on Friday highlighted sharp contractions in the services industry but also showed manufacturing remained strong as…
EU Parliament Says China Deal Threatens EU Credibility on Human Rights
January 22, 2021
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carrie lamChinaChina Human RightsChris PattenEu-ChinaEuropeEuropean CommissionEuropean ParliamentEuropean UnionHong KongMatthew PottingerUKWorld
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The European Parliament has criticized the EU executive for rushing to reach an investment agreement with the Chinese regime despite ongoing repression in Hong Kong and other parts of China. The European Commission, the European Union’s executive body, said on Dec. 30 that it had agreed with Beijing “in principle” on the EU-China Comprehensive Agreement…
The Chinese Communist Party Is Trying to Use All Means to Pressure Biden
January 19, 2021
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Commentary In the new year, the Chinese Communist Party (CCP) has taken several actions to openly provoke conflict—in an attempt to pressure the incoming Joe Biden administration. North Korean regime leader Kim Jong Un recently threatened that the country would expand its nuclear arsenal, citing the United States’ “hostile” policies. He also disclosed a list…
ECB’s Latest Stimulus Expected to Have Little Impact on Eurozone Economy
BENGALURU—The European Central Bank’s new policy package will have little effect on the eurozone’s coronavirus-ravaged economy, according to the forecasts of a Reuters poll of economists, who nearly halved their outlook for first-quarter growth. Despite the ECB’s decision to top up its pandemic emergency purchases by half a trillion euros to 1.85 trillion euros and…
EU Approves Moderna CCP Virus Vaccine
January 6, 2021
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Boris JohnsonCCP VirusCOVID-19EuropeEuropean CommissionEuropean UnionModernaUrsula von der LeyenVaccineWorld
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The European Commission on Wednesday authorized the CCP virus vaccine developed by U.S. company Moderna, the second COVID-19 jab approved by the EU. The authorization follows a positive recommendation from the European Medicines Agency (EMA), which reached the decision after an assessment of the vaccine’s quality, safety, and efficacy. “We are providing more COVID-19 vaccines…
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