Brussels, Belgium | Xinhua | The Council of the European Union (EU) on Monday adopted a regulation aiming to ensure that gas storage capacities in the EU are filled before the winter season and can be shared between member states. The regulation provided that underground gas storage on member states’ territory …
Read More »EU leaders grant Ukraine, Moldova EU candidate status
Brussels, Belgium | Xinhua | European Union (EU) leaders have accepted Ukraine and Moldova as candidates for membership of the bloc, European Council President Charles Michel said on Thursday. “Agreement. #EUCO has just decided EU candidate status to Ukraine and Moldova. A historic moment,” Michel announced on Twitter. EUCO is short …
Read More »EU states using strategies to confront price hike at gasoline pump
Rome, Italy | Xinhua | As the crisis in Ukraine sends global fuel prices spiraling higher, governments in European Union (EU) member states are scrambling for ways to reduce the economic impact their citizens are feeling at the gasoline pumps. Prices for gasoline surpassed 2 euros (2.1 U.S. dollars) per liter …
Read More »European countries turn back to coal as sanctions on Russian energy backfire
Berlin, Germany | Xinhua | Many European countries are considering turning back to coal to secure energy supplies as gas supplies from Russia slump amid EU sanctions in recent weeks. Germany, Austria, Poland, the Netherlands and Greece are among the first European nations to reopen coal power plants or take measures …
Read More »EU to disburse 600 mln euros to counter world food crisis
Brussels, Belgium | Xinhua | The European Commission proposes to disburse 600 million euros (633 million U.S. dollars) on top of existing EU support to help regions hit by the current food crisis, said European Commission President Ursula von der Leyen on Tuesday. “To help our partners we will mobilize an …
Read More »EU calls for ceasefire in Ukraine to allow grain exports
Brussels, Belgium | Xinhua | The European Union is insisting on a ceasefire in Ukraine to allow millions of tons of grain to be exported, the EU’s foreign policy chief said on Monday. The Ukraine crisis is having serious consequences on hunger in the world, the EU’s High Representative for Foreign …
Read More »EU launches legal action against UK over post-Brexit deal changes
The European Union on Wednesday launched new legal proceedings against the United Kingdom over its failure to implement parts of the post-Brexit deal it agreed with the bloc Brussels, Belgium | Xinhua | The European Union (EU) has launched legal action against the United Kingdom (UK) in response to the latter’s …
Read More »Opinion on Ukraine’s EU candidate status could be delivered next week
Kiev, Ukraine | Xinhua | European Commission President Ursula von der Leyen said here Saturday that the commission will finalize the assessment on granting Ukraine European Union (EU) candidate status by the end of next week, the Ukrinform news agency reported. “The European Commission is currently preparing its recommendations — …
Read More »European Union, IFU becomes new aBi Finance shareholders
The two new shareholders invests an additional US$9million in the company to support businesses | THE INDEPENDENT | On June 2, the Danish Investment Fund for Developing Countries (IFU) and the European Union (EU) were onboarded as new shareholders of aBi Finance Ltd. The EU will be investing $8.7m …
Read More »EU agrees on common charger for mobile devices by 2024
USB Type-C will become the common charging port for all mobile phones, tablets and cameras in the EU Brussels, Belgium | Xinhua | Chargers will be harmonized for small and medium-sized portable electronic devices by 2024 in the European Union (EU), negotiators of the European Parliament and the Council agreed on …
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