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EU’s massive recovery package boosts European stock market

Brussels, Belgium | XINHUA | The European Union’s (EU) landmark economic recovery package has largely underpinned the region’s stock market with major shares closing above four-month highs on Tuesday, lifting investor sentiment across the continent amid the ravaging COVID-19 pandemic. After five days of intense marathon negotiations, the 27-member bloc …

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French president calls EU deal on recovery fund “historic”

Paris, France | XINHUA | French President Emmanuel Macron on Tuesday hailed as “historic” a European Union (EU) deal on a post-pandemic recovery fund that would help build a “green and prosperous Europe” and further improve European solidarity. “A historic day for Europe! A massive recovery plan is adopted: a …

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EU deeply concerned over U.S. growing use of sanctions

Kampala, Uganda | XINHUA | High Representative of the European Union (EU) for Foreign Affairs and Security Policy Josep Borrell said on Friday he was deeply concerned over the growing use of sanctions, or the threat of sanctions, by the United States against European companies and interests. “We have witnessed …

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EU leaders launch talks on huge virus recovery plan

Brussels, Belgium | AFP |  EU leaders launch fraught negotiations Friday on a major recovery fund to revive a European economy ravaged by the coronavirus outbreak, deeply divided on the way forward. Europe faces its biggest recession in the bloc’s 63-year history, and states are under pressure to look beyond their …

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EU backs Twitter in Trump fact-check row

Brussels, Belgium | AFP | Brussels waded into the dispute between President Donald Trump and Twitter on Wednesday, backing the US social media giant’s decision to fact-check two tweets by the US leader. The European Commission’s top official on countering disinformation praised Twitter for tagging two claims made by Trump last …

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Bad tempered post-Brexit talks enter crucial phase

Brussels, Belgium | AFP |  Britain and the EU will attempt to revive their imperilled trade talks on Tuesday, entering a crucial week of negotiations that could mark the final hope for a deal. Hundreds of officials will hold video talks all week from London and Brussels, the fourth and last …

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African economies hard hit by coronavirus pandemic

Abidjan, Ivory Coast | AFP | Sub-Saharan Africa has not been as badly hit by the coronavirus pandemic as some other parts of the world, but the economy is being pummelled. Here’s a look at the main issues. – Perfect storm recession – For the first time in 25 years sub-Saharan …

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Spectre of coronavirus quarantine haunts Hungarian democracy

Budapest, Hungary | AFP |  A “dictatorship” at the heart of the EU? A draft law to grant anti-coronavirus emergency measures set for adoption by Budapest has alarmed observers who fear it will hand Prime Minister Viktor Orban unlimited power. “Hungary is a special case, nowhere else have you the kind …

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