EU's Barnier still hopes UK trade deal possible

BRUSSELS (Reuters) – The European Union’s Brexit negotiator told the bloc’s 27 national envoys to Brussels that he still thinks a trade deal with Britain is possible despite a new crisis in the tortuous four-year saga, diplomatic sources told Reuters.FILE PHOTO: EU’s Brexit negotiator Michel Barnier attends the MEDEF union summer forum “La Rencontre des Entrepreneurs de France, LaREF”, at […]

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EU told to deal with adverse coronavirus vaccine effects as part of rush to buy doses

We will use your email address only for sending you newsletters. Please see our Privacy Notice for details of your data protection rights. Vaccines Europe has suggested the EU could protect its members from potential lawsuits as part of deals to procure millions of doses of pandemic-beating drugs. The lobby group, a subsidiary of the European Federation of Pharmaceutical Industries […]

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UPDATE 1-Spain will fulfill labour reform plan, not lower pensions after EU deal, minister says

(Adds details from labour minister) MADRID, July 22 (Reuters) – The Spanish government will fulfill its commitment to change the country’s labour laws and will not lower public pensions after approval of the EU recovery fund earlier this week, Labour Minister Yolanda Diaz said on Wednesday. Diaz’s comments echoed remarks by Foreign Minister Arancha Gonzalez, who said Spain intended to […]

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Spain to receive 140 bln euros from EU recovery fund, half in grants

MADRID, July 21 (Reuters) – Spain will receive 140 billion euros ($160.17 billion) from the EU recovery fund approved by the bloc’s 27 leaders after almost five days of tense negotiations, Prime Minister Pedro Sanchez said early Tuesday. A little more than half of the transfers to Spain, 72.7 billion euros, will be grants and the rest will be repayable […]

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EU scales back digital budget by 18% amid virus recovery fund wrangle

BRUSSELS, July 20 (Reuters) – The European Union is scaling back its digital budget by 17.5% to help it catch up with the United States and China in key technologies, according to a proposal to EU leaders haggling over an economic recovery package to combat a COVID-19-induced recession. The European Commission had earlier this year proposed an 8.2-billion-euro ($9.4 billion) […]

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EU needs ambitious financial deal more than fast one, Lagarde says

FRANKFURT, July 19 (Reuters) – It is better for European Union leaders to agree an ambitious financial aid package for the bloc rather than to have a quick deal at any cost, European Central Bank President Christine Lagarde said on Sunday. “Ideally, the leaders’ agreement should be ambitious in terms of size and composition of the package, broadly along the […]

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Exclusive: EU stimulus funds attract 1,000-plus green projects

LONDON (Reuters) – More than 1,000 climate friendly projects could line up for a piece of the EU’s post-coronavirus recovery package, as ministers begin to discuss the bloc’s 2021-27 budget and economic stimulus fund, according to research seen by Reuters. EU leaders are meeting in Brussels on Friday to try to agree the budget and economic stimulus fund, which have […]

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UPDATE 1-Britain to spend 705 mln pounds on EU border infrastructure

(Adds details on border investment) LONDON, July 12 (Reuters) – Britain will spend 705 million pounds ($890 million) on border infrastructure to help keep trade flowing after its transition deal with the European Union expires at the end of the year, Cabinet Secretary Michael Gove said on Sunday. The funding includes 470 million pounds to build port and inland infrastructure, […]

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