Brexit: EU boss Sefcovic warns Northern Ireland protocol haggling will prompt ‘instability’ September 10, 2021 European Commission vice-president Maros Sefcovic today said the controversial Northern Ireland Protocol – a policy of trade checks for good moving between Great Britain and the EU via the island of Ireland – must be “properly implemented”. The Brussels representative also warned the UK that any renegotiation of the Northern Ireland Protocol would cause “instability, [...]
EU vs Astrazeneca: Vaccine legal battle over as UK pharma pledges jab deliveries September 3, 2021 The legal stand-off between the European Union (EU) and FTSE-listed Covid-19 vaccine maker Astrazeneca appears to be over. Astrazeneca and the European Commission have reached a settlement on the delivery of 200m vaccine doses still to be delivered by the drug com[any, ending a row about shortages that had heightened reputational damage on Astra and weighed [...]
EU hits Covid vaccination target with two shots for 70 per cent of adult population August 31, 2021 The European Commission announced today that 70 percent of the European Union’s adult population has been fully vaccinated against Covid-19, meeting a target set earlier this year. It marks an important milestone in the EU vaccination strategy after a slow start. However, it also reveals big differences amongst member states. While some nations hit well [...]
Wealthy City bankers ‘ditched the UK for the EU ahead of Brexit,’ survey finds August 18, 2021 Almost a hundred highly paid bankers left the UK ahead of its formal exit from the EU, the bloc’s banking watchdog said today, in a sign of how Brexit has impacted the Square Mile. The European Banking Authority (EBA) said in its annual survey of bankers earning more than €1m (£850,000) that the UK’s total [...]
European Commission urges US travel ban to be lifted for Europeans August 4, 2021 European Commission President Ursula von der Leyen, has demanded Washington lift entry restrictions for European citizens in an interview with German outlet RND published today. “We insist that there are comparable rules for travellers in both directions. The epidemiological situation in the US and the EU today is very similar,” said the EU Commission President. “We [...]
EU eyes pandemic exit with 70 per cent of population administered first dose August 3, 2021 Despite protests against coronavirus restrictions rocking the streets of Paris and Berlin last weekend, the EU’s quiet move towards an exit from the pandemic continues apace. The European Union surpassed its target of injecting at least one jab into the arms of 70 per cent of its population by the end of July. And according [...]
Startup funding in Europe on track for record year July 9, 2021 Europe is set to see its biggest year for startup investment, with US investors especially keen to back companies. Startups received three times more funding in the first half of this year compared to that of 2020, according to data from Dealroom reported by Politico. While Europe’s start up scene has lagged behind that of [...]
BMW and Volkswagen Group fined $1bn by EU for emission cleaning July 8, 2021 The European Commission fines BMW and Volkswagen Group a total $1bn (£726m), saying that three German carmakers breached EU antitrust rules by restricting competition in emission cleaning for new passenger diesel cars. The EU executive said the trio – BMW, Volkswagen Group and Daimler – had colluded on technical development in the area of nitrogen [...]
AstraZeneca claims victory over EU in vaccine deliveries case, but will be fined for late supplies June 18, 2021 AstraZeneca claims victory over EU in vaccine deliveries case
EU energy ministers to redefine rules for fossil fuel project funding June 11, 2021 Energy ministers from the European Union have gathered in Luxembourg today to discuss EU support for natural gas projects, even though the European Commission has urged fossil fuel funding to end to reach net zero. The EU’s “TEN-E” rules can label energy ventures as Projects of Common Interest (PCI), which offers them certain EU funds [...]