EU politics
Reuters: Germany demands €400 billion cut to ‘unaffordable’ EU budget, document shows
This could severely reduce massive EU subsidies given to Poland and others in the region Read Article HERE Photo: German Government
Reuters
Economics
Reuters: VW investor Qatar complicates plant deal talks with Israeli arms maker
Volkswagen’s plans for a deal with Israeli arms maker Rafael to use its struggling Osnabrueck plant are being complicated by Qatar’s sovereign wealth fund, the German carmaker’s third-largest investor, three people familiar with the matter told […]
EU politics
Reuters: Romanian government collapses after no-confidence vote
Social Democrats, hard-right parties oust Liberal premier Centrist president expects new cabinet in “reasonable” time Analysts expect protracted negotiations over a new majority Liberals rule out further cooperation with Social Democrats Romanian leu hits new […]
Geopolitics
Reuters: Iran cannot participate in World Cup, minister says
US, Canada and Mexico hosting 48-team tournament Iran minister says ‘under no circumstances can we participate’ Iranian team scheduled to play all three group games in US Read Article HERE
Economics
German Recession: German jobless numbers hit 12-year high, inflation edges up
Unemployment rate rises to 6.6% in unadjusted terms German GDP grew by 0.3% in Q4, beating expectations Inflation slightly above ECB’s 2% target in January Read Article HERE Photo licensed under the Creative Commons Attribution-Share […]
Economics
Reuters: EU lawmakers deal blow to Mercosur trade deal by referring it to top court
Summary 144 lawmakers sought to refer deal to EU Court of Justice Move could delay Mercosur trade deal by at least two years Agreement could still be applied on provisional basis Read Article HERE Photo: […]
Globalisation
Reuters – US court blocks most Trump tariffs, says president exceeded his authority
A major blow to Trump’s economic and foreign policy. If he can’t get this overturned on appeal he will have lost leverage to negotiate trade deal with the rest of the world. Read the article […]
EU politics
Reuters: EU leaders vow to continue backing Ukraine, but make no concrete pledge
Kallas initially proposed an EU plan of 40 billion for Ukraine weapons, which Italy, France, Spain, Portugal opposed. So she came up with a new plan – 5 billion. Which has now been stalled by […]
Geopolitics
Reuters; Voice of America staff put on leave, Trump ally says agency ‘not salvageable’
Trump signed order gutting VOA’s parent agency Radio Free Europe and Radio Free Asia see funding cut Conservatives have been critical of the news services Read HERE
Climate Crisis
Reuters – Ford to cut European jobs as EV shift, Chinese rivals take toll
The loss of 4,000 automanufacturing jobs, primarily in the UK and Germany, is just the latest body blow to the automobile sector in Europe. Read the article HERE.