In a statement the EU’s ambassador to the UK, João Vale de Almeida said, the European Union will not give a new mandate to renegotiate post-Brexit trade rules for Northern Ireland since they have been agreed as part of the… Read More ›
Europe
ECB may raise interest rates in July to check extreme high inflation: board member
In an interview to German newspaper Handelsblatt, Isabel Schnabel, a board member on the European Central Bank said, the ECB may have to raise interest rates as early as July to stop “extremely high” inflation from getting entrenched. In March,… Read More ›
Saudi Arabia could cut June crude prices for Asia, as it competes for marketshare with Russia
On Friday, oil traders opined, Saudi Arabia is likely to cut crude oil prices to Asia in June following a slump in demand from China, which is seeing increasing COVID lockdowns which are curbing demand. China is the world’s biggest… Read More ›
Russia halts LNG supplies to Poland and Bulgaria
On Wednesday, in a significant development, Russia halted gas supplies to Poland and Bulgaria after both countries rejected Moscow’s demand to pay for Russian gas in Rubles. The development comes in the wake of massive sanctions by Western countries against… Read More ›
Europe-South Korea relations key to managing fallout of US-China rivalry
According to former ambassadors and government officials, it is important that Europe nurtures closer ties with South Korea under South Korean President elect Yoon Suk-yeol to manage China’s rising power and the increasing rivalry between the United States and Beijing…. Read More ›
EU to unveil regulations on carbon footprint of batteries
On Monday, in a statement, Germany’s economy ministry said, “A consortium of carmakers and battery producers including BMW, Umicore and BASF will work alongside technology partners to develop a battery passport that traces the content and carbon footprint of batteries in Europe”. The… Read More ›
Romania increases defense spending, to buy 32 US F-16 fighter aircraft
In a significant development, Romania, a NATO member, has grounded its entire fleet of MiG 21 LanceR fighter aircraft and will speed up a planned purchase of second-hand F-16s from Norway, said its defence ministry. The Russia Ukraine war is… Read More ›
South Korea increases weekly international flights from May
On Wednesday, South Korea said it will allow increase the number of international flights per week allowed to enter into the country beginning from May. The development marks a continued easing of anti-coronavirus measures with the Omicron wave on the… Read More ›
Foreign Minister Wang Yi calls for end to Russia-Ukraine conflict
Chinese Foreign Minister Wang Yi held a telephonic conversation with his Ukrainian counterpart, Dmytro Kuleba, with Beijing yet again calling to an end to the Russia-Ukraine conflict. The call, made at Ukraine’s request, was the first reported high-level conversation between… Read More ›
Euro weighed down by potential sanctions on Russia, ban on cheap LNG
Talks of European banning Russian gas placed a lid on the rise of the Euro even as the US dollar firmed up with expectations of a rise in U.S. interest rates. The euro has been weighed down by worries of… Read More ›
manageria.biz 