Renault CEO Calls for 'Marshall Plan' to Advance Europe's EV Adoption Amid Increasing Chinese Competition
techtimes.com/articles/302751/20240320/renault-ceo-calls-marshall-plan-advance-ev-adoption-europe.htm
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Europe faces ‘mortal’ threat, says Emmanuel Macron: French president calls for huge investment push and EU reforms in Sorbonne speech
ft.com/content/01a0657c-ed25-4d7b-add6-568dcc6907f9
Quick Glance: Macron Calls for Stronger European Defense
- Macron urged Europe to adopt a credible defense strategy less dependent on the US.
- He warned that Europe was not adequately prepared to face global threats like Russia's war in Ukraine.
- Emphasizing European sovereignty, Macron called for autonomy in defense and the economy.
- He advocated for a revision of EU trade policy, prioritizing European suppliers for military equipment.
Joseph Deiss: Interview with former Federal Councillor on Europe and Switzerland: He was always a great internationalist. Now former Federal Councillor Joseph ...
nzz.ch/schweiz/interview-joseph-deiss-ld.1825742
Quick Glance: Joseph Deiss: Wanderings in Switzerland and European Politics
- Joseph Deiss shares insights from exploring Switzerland in his new book.
- He emphasizes the practicality and diversity of the Swiss population and the country's efficiency.
- Deiss discusses Switzerland's relationship with the EU, critiques current policies, and advocates for accession.
- He reflects on his time in the Federal Council, the challenges faced, and Switzerland's political landscape.
Ukraine aid: Trump relents, now Europe must step up: The new American arms aid is a huge relief for the hard-pressed Ukraine. But no one can rely on this being ...
nzz.ch/international/trump-lenkt-ein-und-unterstuetzt-die-ukraine-jetzt-muss-westeuropa-nachdoppeln-ld.1827299
Quick Glance: Ukraine Aid: Europe Must Step Up
- American military aid brings relief to Ukraine, but doesn't guarantee a turnaround in the defense war.
- Trump's approval remains uncertain, and political support in Washington is volatile.
- Russia's structural superiority and US political volatility call for increased support for Ukraine.
- Defending against Putin's imperialism becomes a long-term task - Europe needs to invest more in defense.
Only Half of Global Interest Rate Hikes Set to Be Taken Back by End-2025: Major advanced economy central banks are likely to take back less than half of the ...
bloomberg.com/news/articles/2024-04-26/only-half-of-global-rate-hikes-set-to-be-taken-back-by-end-2025
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Enrico Letta: Europe's economy is falling behind, 'we can't wait any longer': In an interview with Le Monde, the former Italian prime minister suggests using ...
lemonde.fr/en/economy/article/2024/04/19/enrico-letta-europe-s-economy-is-falling-behind-we-can-t-wait-any-longer_6668853_19.html
Quick Glance: Europe's Economy Falling Behind: Enrico Letta Urges Action
- Former Italian Prime Minister Enrico Letta suggests using European savings for the green and digital transition, pooling 10% of state aid, and initiating a new recovery plan to help the European economy catch up with the US.
- Letta presented his report on the internal market to the EU-27 in Brussels, highlighting that only a minority of companies and citizens in Europe fully benefit from the internal market, leading to the EU lagging behind the US and China.
- European companies underutilize economies of scale in sectors like energy, telecoms, and financial markets within the internal market. The market fragmentation hinders growth and competitiveness against global counterparts.
- Letta advocates for creating a fifth freedom for research, innovation, and skills within the internal market and updating competition rules in strategic sectors to promote European champions and ensure consumer protection.
Spain sees US-style economic boost from immigrant workers: Achieving her career ambitions in Spain has proved remarkably easy for Sara Hernandez ...
reut.rs/49SFRTA
TikTok responds to EU ultimatum over new rewards-for-views scheme: A European Commission spokesman confirmed on Tuesday that it had received a reply from TikTok ...
nordot.app/1155541948764144102
Quick Glance: San Francisco's Real Estate Market in Turmoil
- The city of San Francisco, once seen as the shining star of the West Coast, is now on the verge of collapse, with seemingly no one raising the alarm.
- In particular, the city's housing market has been severely impacted over the past year, with prices plummeting and homeowners fleeing en masse.
- Jamie Dimon, CEO of JPMorgan Chase, did not hold back in his comparison of San Francisco's issues to those of New York City, stating that the Bay Area is 'in far worse shape.'
- San Francisco is failing in all aspects, leading to a quiet collapse of its housing market, where once luxurious properties are now being offered at significant discounts.
Russia’s Invasion of Ukraine Has Europe Worried About the Risks of War: Welcome to Balance of Power, bringing you the latest in global politics ...
bloomberg.com/news/newsletters/2024-04-24/russia-s-invasion-of-ukraine-has-europe-worried-about-the-risks-of-war
Ireland says UK's Rwanda policy drives migrants over its border: The threat of deportation to Rwanda is causing migrants to head for Ireland instead of staying ...
reuters.com/world/ireland-says-uks-rwanda-policy-drives-migrants-over-its-border-2024-04-26/
Mykola Solskyj: Ukrainian agriculture minister apparently involved in corruption: The EU had made the fight against corruption a condition for Ukraine's ...
spiegel.de/ausland/ukraine-agrarminister-mykola-solskyj-offenbar-in-korruption-verwickelt-a-ff5652a7-969c-4fbb-a92b-5a22cb518853
Portugal's democracy turns 50: Thousands to commemorate Carnation Revolution: Thousands are expected to take to the streets to celebrate the 50th anniversary on ...
reuters.com/world/europe/portugals-democracy-turns-50-thousands-commemorate-carnation-revolution-2024-04-25/
Europe—but Not NATO—Should Send Troops to Ukraine: To Halt Russia’s Advance, Kyiv Needs More Boots on the Ground
foreignaffairs.com/ukraine/europe-not-nato-should-send-troops-ukraine
Paid articlePaidQuick Glance: Refugees Flee Violence in Southeastern Myanmar
- Thousands of people from Myanmar’s Kayin (Karen) State have fled to Thailand to escape the fighting between the junta and ethnic Karen troops.
- The Karen National Liberation Army (KNLA) captured the last military outpost in Myawaddy, leading to retreat and reinforcement by junta forces.
- The battles intensified, causing an influx of refugees crossing the Moei River into Thailand, with Thai authorities offering humanitarian aid.
- Thailand is fortifying its border defenses and providing assistance to refugees as the situation remains tense along the border.
Debate on competitiveness: Europe must dare to be more capitalism: The USA has left the EU behind economically. The Europeans don't want to admit why this is: ...
spiegel.de/wirtschaft/wettbewerbsfaehigkeit-europa-muss-mehr-kapitalismus-wagen-a-2db11cb6-02c2-407b-acbf-37647461f52e
Germany Supports Swedish Push for EU Ban of Russian LNG: Just days after Swedish calls to sanction imports of Russian liquefied natural gas ...
highnorthnews.com/en/germany-supports-swedish-push-eu-ban-russian-lng
Singapore Plans Law to Support Gig Workers’ Retirement Needs: Singapore will introduce a new law this year that will help so-called gig-economy workers plan for ...
bloomberg.com/news/articles/2024-04-27/singapore-plans-law-to-support-gig-workers-retirement-needs
Paid articlePaid German Economy Latest: Private Sector Returns to Growth: German private-sector activity grew for the first time in 10 months, adding to signs that a recovery is ...
bloomberg.com/news/articles/2024-04-23/german-economy-latest-private-sector-returns-to-growth
Paid articlePaid EU antitrust regulators warn IAG, Air Europa deal may reduce competition: EU antitrust regulators on Friday warned that British Airways owner IAG's bid to secure ...
reuters.com/markets/deals/eu-antitrust-regulators-warn-iag-air-europa-deal-may-reduce-competition-2024-04-26/
German staffer in EU parliament arrested on China spying charges: Employee of far-right AfD’s lead candidate is latest figure to be accused of passing ...
ft.com/content/aae50967-e728-4c72-ab52-0ed7ef68cd30
Europe's bank earnings to offer interest rate reality check: Investors should get a clearer picture this week of whether higher interest rates are still boosting ...
reuters.com/business/finance/europes-bank-earnings-offer-interest-rate-reality-check-2024-04-22/
Quick Glance: Overview: Tesla Stocks Plummet, Europe Business Surpasses Expectations
- World markets have brightened slightly this week, but Tesla is facing a critical earnings test, while Europe's business pulse has surprisingly been lively this month.
- Following the worst week on Wall Street since 2022, relief from easing Middle East tensions helped stabilize the situation on Monday. The chip giant Nvidia made a modest recovery from losses as Big Tech megacaps gear up for quarterly earnings releases.
- As the first of the 'Magnificent 7' Vanguard stocks, electric vehicle giant Tesla will report on Tuesday, having plummeted by a substantial 43% year-to-date and nearly 60% over the past two years amidst fierce price competition, declining EV demand, and governance/product concerns.
- While Big Tech jitters define this month's market fluctuations, investors will closely watch the upcoming results for a clearer perspective.
EU launches investigation into Chinese medical device market: The European Commission launched a probe into China's public procurement of medical devices on ...
reuters.com/world/europe/eu-opens-investigation-into-chinese-medical-device-market-2024-04-24/
50 years of government deficit: France's memorable anniversary: France has not had a balanced budget since 1974. In the meantime, it has accumulated a record ...
nzz.ch/meinung/50-jahre-staatsdefizit-frankreichs-denkwuerdiges-jubilaeum-ld.1825735
The colonialist overtones of EU’s green trade crusade: Many middle-income countries show reserves of pragmatic tolerance that Europeans do not necessarily ...
ft.com/content/d6766577-7549-4d36-ab3d-c8cc6e09a407
Stability Pact: The EU introduces new debt rules: The EU has strict budget requirements that member states must adhere to. However, many of them are ignoring the ...
nzz.ch/wirtschaft/stabilitaetspakt-die-eu-fuehrt-neue-schuldenregeln-ein-ld.1827553
Russia | Putin Builds More Weapons Than He Needs in Ukraine: Why?: The German Defense Minister sees signs that the Russian economy is producing more weapons than ...
t-online.de/nachrichten/ukraine/id_100393432/russland-putin-baut-mehr-waffen-als-er-in-der-ukraine-braucht-warum-.html
TikTok Risks Fines as EU Issues Ultimatum Over App Launch: The European Union opened a new probe Monday into whether ByteDance Ltd. violated the bloc’s new ...
bloomberg.com/news/articles/2024-04-22/tiktok-risks-fines-as-eu-issues-ultimatum-over-app-launch
Fast-fashion giant Shein is the latest to face EU's strictest digital regulations
qz.com/shein-to-face-stricter-eu-regulations-meta-tik-tok-amaz-1851439129
Paid articlePaid EU should revisit bank and insurer capital rules, Macron says: French President Emmanuel Macron called on Thursday for a revision of how Europe applies minimum ...
reuters.com/world/europe/eu-should-revisit-bank-insurer-capital-rules-macron-says-2024-04-25/
Latvia to stop teaching Russian as foreign language in schools: Children in Latvia will no longer learn Russian as a foreign language in schools from 2026 ...
kyivindependent.com/latvia-to-stop-teaching-russian-as-foreign-language-in-schools/
EU debt rules: Failed stability pact: The EU Parliament's approval of the "reform" of the Stability Pact is another low point in the struggle for a financial ...
faz.net/aktuell/wirtschaft/eu-schuldenregeln-gescheiterer-stabilitaetspakt-19673767.html
What are the new post-Brexit border controls starting on April 30?: On April 30, the second phase of Britain's new post-Brexit border controls for food imports ...
reuters.com/world/europe/what-are-new-post-brexit-border-controls-starting-april-30-2024-04-22/
Carbon emissions are dropping—fast—in Europe: Thanks to a price mechanism that actually works
economist.com/europe/2024/04/25/carbon-emissions-are-dropping-fast-in-europe
Paid articlePaid Chinese security equipment company raided in EU over foreign subsidies concerns: A Chinese security equipment company was raided by the European Commission at ...
reuters.com/world/europe/security-equipment-company-raided-eu-over-foreign-subsidies-concerns-2024-04-23/
European equities are enjoying a 1990s revival : Market conditions are reminiscent of the soft landing that followed Alan Greenspan’s ‘Fed pivot’
ft.com/content/ab6f1606-c4c9-49d6-a093-2b64eb2d5880
EU parliament approves new business supply chain audit law: The European Parliament voted on Wednesday for a new law that will require larger companies operating ...
reuters.com/world/europe/eu-parliament-approves-new-business-supply-chain-audit-law-2024-04-24/
Rights concerns, costs undermine Turkey-EU migrant deal, say auditors: Turkey's poor human rights record and economic factors are undermining the effectiveness ...
reuters.com/world/europe/rights-concerns-costs-undermine-turkey-eu-migrant-deal-say-auditors-2024-04-23/
Quick Glance: Rights Concerns, Costs Impact Turkiye-EU Migrant Deal
- Turkiye's poor human rights record and economic factors are undermining the effectiveness of the EU migration deal with Ankara.
- EU auditors raised concerns about NGOs' ability to operate projects due to Turkiye's authoritarian turn and crackdown on dissent.
- The report highlighted challenges in managing EU aid amidst Turkiye's economic downturn and rule of law backsliding by Ankara.
- The European Commission's lack of cost analysis and uncertainty post-aid end call for improvements in impact demonstration, sustainability, and value for money.
Germany's Scholz calls for banking union in Europe: German Chancellor Olaf Scholz on Tuesday called for the completion of a European banking union ...
reuters.com/world/europe/germanys-scholz-calls-banking-union-europe-2024-04-23/
Google invests $640 mln in new data centre in Netherlands: Alphabet-owned Google is investing 600 million euros ($640.62 million) in a new data centre in the ...
reuters.com/technology/google-invests-640-mln-new-data-centre-netherlands-2024-04-23/
Renault talks to China's Li Auto and Xiaomi on tech collaboration: Renault held talks this week with China's Li Auto and Xiaomi on electric and intelligent ...
reuters.com/business/autos-transportation/renault-talks-chinas-li-auto-xiaomi-tech-collaboration-2024-04-26/
Americans 'just work harder' than Europeans, CEO of the world's largest wealth fund says
qz.com/norges-bank-nicolai-tangen-americans-europeans-work-1851434809
Europe is the fastest-warming continent, Copernicus report warns, with devastating health impacts
euronews.com/green/2024/04/22/europe-is-the-fastest-warming-continent-with-devastating-effects-on-health-and-economy
Quick Glance: Europe Leads in Climate Change, Urgent Need for Renewable Energy
- Europe is the fastest-warming continent, with temperatures rising about twice as fast as the global average, according to a joint report by top climate monitoring organizations.
- The continent generated 43% of its electricity from renewables last year, surpassing fossil fuels for the second consecutive year, highlighting the need for targeted strategies to transition to renewable resources.
- Temperatures in Europe are now 2.3 degrees Celsius above pre-industrial levels, nearing the goals of the Paris climate accord to limit global warming to 1.5 degrees Celsius, impacting human health with increased deaths related to extreme climate events.
- The report emphasizes the urgent need for action as heatwaves, wildfires, and other extreme weather events have led to significant economic losses and human casualties across the continent.
Morning Bid: Yen on the brink, but Tesla pulls back: A look at the day ahead in European and global markets from Tom Westbrook
reuters.com/markets/europe/global-markets-view-europe-2024-04-24/
European startups rejoice — VC investment is on the rise again: New data published today by Dealroom reveal that European VC investment rose 5% year-on-year for ...
thenextweb.com/news/european-vc-funding-increasing
Cases of suspected Chinese espionage in Europe: The arrest in Germany of a European Parliament aide on suspicion of "especially severe" espionage for China is ...
reuters.com/world/europe/cases-suspected-chinese-espionage-europe-2024-04-23/
Spain Says Germany Can Find a Way to Make Joint EU Borrowing Work: The European Union will be able to find a way to raise more joint debt that is acceptable to ...
bloomberg.com/news/articles/2024-04-19/spain-says-germany-can-find-a-way-to-make-joint-eu-borrowing-work
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Mice cause havoc on ship carrying 1.2m trays of Zespri kiwifruit to Europe: The company is working out how much of the $12m shipment - its first to Europe this ...
rnz.co.nz/news/country/514984/mice-cause-havoc-on-ship-carrying-1-point-2m-trays-of-zespri-kiwifruit-to-europe
German business sentiment rises more than expected in April, Ifo finds: German business morale improved more than expected in April, a survey showed on Wednesday ...
reuters.com/markets/europe/german-business-sentiment-rises-april-finds-ifo-2024-04-24/
EU Raids Security Equipment Firm Under Foreign Subsidy Law: European Union watchdogs raided the premises of an unidentified security equipment firm in another ...
bloomberg.com/news/articles/2024-04-23/eu-raids-security-equipment-firm-under-foreign-subsidy-law
Renault’s Solid EV Prices, Lower Costs Help Offset Slower Demand: Renault SA is benefiting from robust prices and cost discipline with demand for a range of ...
bloomberg.com/news/articles/2024-04-23/renault-beats-revenue-estimates-on-clio-megane-e-tech-sales
EU Parliament backs clampdown on single-use plastic packaging: The European Parliament approved a proposed law on Wednesday that would ban certain single-use ...
reuters.com/business/environment/eu-parliament-backs-clampdown-single-use-plastic-packaging-2024-04-24/
How a second Trump presidency could tear Europe apart: The former president’s return would cement a shift in the U.S. as a fact that can no longer be ignored.
politico.eu/article/donald-trump-second-term-presidency-united-states-tear-europe-eu-apart/
EU law: right to repair for consumers: Broken devices should be repaired instead of being thrown away. This is how the EU wants to protect the climate and ...
faz.net/aktuell/wirtschaft/klima-nachhaltigkeit/eu-gesetz-recht-auf-reparatur-fuer-verbraucher-19673184.html
Balance for 2023: A year of climate contrasts in Europe: 2023 was a year of extremes: heat, fires, high water levels. Climate change has brought new weather ...
zdf.de/nachrichten/panorama/klima-europa-extrem-2023-copernicus-100.html
Europe's hope for cheap e-cars: PEKING. Large Chinese freighters have been heading for Europe for months. They have loaded electric cars ...
nachrichten.at/wirtschaft/europas-hoffnung-auf-guenstige-e-autos;art15,3942447
Europe Faces Twin Blow If ECB and Fed Don’t Cut, Scicluna Warns: The euro zone’s stuttering economy would face a twin blow should interest rates not be lowered ...
bloomberg.com/news/articles/2024-04-19/europe-faces-twin-blow-if-ecb-and-fed-don-t-cut-scicluna-warns
EU Is Set to Impose Iran Sanctions for Missile Attacks on Israel: European Union foreign and defense ministers are poised to reach a political agreement on ...
bloomberg.com/news/articles/2024-04-22/eu-is-set-to-impose-iran-sanctions-for-missile-attacks-on-israel
Paid articlePaid China GDP Latest: Factory-Led Growth Complicates Relations With US, Europe: I’m Katia Dmitrieva, Asia economics correspondent in Hong Kong. Today ...
bloomberg.com/news/newsletters/2024-04-16/china-gdp-latest-factory-led-growth-complicates-relations-with-us-europe
Exclusive: Google rival Tuta complains to EU tech regulators about de-ranking: German email service Tuta Mail has complained to European Union tech regulators ...
reuters.com/technology/google-rival-tuta-complains-eu-tech-regulators-about-de-ranking-2024-04-24/
German Opposition to Joint EU Debt Is Political as Well as Legal: German Finance Minister Christian Lindner said he’s opposed to a new round of joint debt ...
bloomberg.com/news/articles/2024-04-20/german-opposition-to-joint-eu-debt-is-political-as-well-as-legal
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Apple rejects Spotify’s update with pricing information for EU users: The music streaming company said it is not opting into Apple's new DMA changes that ...
techcrunch.com/2024/04/24/spotify-submits-a-new-update-to-apple-with-pricing-information-for-eu-users/
Tesla cuts prices of some models in Germany and Europe: Tesla is cutting prices of some models in Germany and elsewhere in Europe, the Middle East and Africa ...
reuters.com/business/autos-transportation/tesla-cuts-prices-some-models-germany-europe-2024-04-21/
EU Parliament confirms: Unsold fashion may no longer be destroyed: The Ecodesign Regulation has cleared the last major hurdle: In future, it will be illegal to ...
spiegel.de/wirtschaft/eu-unverkaufte-mode-darf-nicht-mehr-vernichtet-werden-a-5c145748-bb74-421e-abcf-578aa24766fa
Hungary's Orban tells EU top officials their time is up: The European Union's top officials must be replaced as they do not deserve another chance after the ...
reuters.com/world/europe/get-your-hat-leave-hungarys-orban-tells-eu-top-officials-2024-04-19/
Ukraine’s Allies Fear the Worst and Hope for a Turning Point: Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of ...
bloomberg.com/news/newsletters/2024-04-19/ukraine-s-allies-fear-the-worst-and-hope-for-a-turning-point
New EU regulation aims to reduce packaging waste in households: Large packages that contain more air than product are to be banned in the EU in future ...
tagesschau.de/ausland/europa/eu-verpackung-muell-100.html
What to do about the EU’s relative decline: The European Union will be marginalised if it continues to shrink compared to other parts of the world ...
reuters.com/breakingviews/what-do-about-eus-relative-decline-2024-04-22/
Quick Glance: Addressing the EU's Relative Decline
- The EU faces marginalization if it continues to shrink compared to other parts of the world.
- There are two ways to look at the EU's relative decline: living standards and power.
- The EU is dealing with different threats from aggressive Russia, China, and the United States.
- To tackle the challenges, the EU needs to strengthen its single market, invest in key industries, and focus on future technologies.
Fast fashion: why unsold fashion can no longer be destroyed: If no one wants the sweater, it is shredded: That's how it's often gone until now ...
spiegel.de/wirtschaft/soziales/fast-fashion-warum-unverkaufte-mode-nicht-mehr-vernichtet-werden-darf-a-c7387a20-eb71-45ae-8955-2093e16fde9b
Greek economy surges after decade of pain: A decade ago, Greece was in the throes of a devastating debt crisis marked by years of austerity, hardship and unrest ...
reuters.com/markets/europe/greek-economy-surges-after-decade-pain-2024-04-18/
Opinion | Giorgia Meloni Is Leading the Far-Right Takeover of Europe: Giorgia Meloni is the model for the continent’s far right.
nytimes.com/2024/04/22/opinion/meloni-europe-elections.html
Quick Glance: Giorgia Meloni Leading the Far-Right Movement in Europe
- Marion Maréchal warns of a threat to Europe from various foreign powers and Islamist organizations profiting from anarchic immigration.
- Giorgia Meloni serves as a role model for the European far right, aiming to take over the EU rather than leave it.
- Meloni has made a name for herself in Brussels through skillful diplomacy and is seen as a trailblazer for political directions in Europe.
- Under Meloni's leadership, Italy is focusing on outsourcing border controls to autocratic North African countries, with the support of the EU.
Think tank: Putin is not running out of money to fund war in Ukraine ｜ DPA: Russia's economy will grow by 2.8% this year and expand at a slightly slower 2 ...
nordot.app/1155858621694394842
Fallout 4 was Europe’s best selling game last week, following the TV show’s release
videogameschronicle.com/news/fallout-4-was-europes-best-selling-game-last-week-following-the-tv-shows-release/
China Is Betting on a Trade-In Plan to Help Save Its Economy: China’s world-beating electric vehicle industry, at the heart of growing trade tensions with the US ...
bloomberg.com/news/articles/2024-04-22/china-is-betting-trade-ins-for-evs-fridges-can-help-save-its-economy
The EU migration agreement with Turkey is right despite criticism: The EU Court of Auditors has scrutinized the expenditure of the "Refugee Facility"
nzz.ch/meinung/das-eu-migrationsabkommen-mit-tuerkei-ist-trotz-kritik-richtig-ld.1827751
EU's 2050 net zero goals at risk as EV rollout faces setbacks: The EU needs to rethink its policies to make a 2035 ban on new petrol car sales feasible as ...
reuters.com/business/autos-transportation/eus-2050-net-zero-goals-risk-ev-rollout-faces-setbacks-2024-04-22/
From state contracts to a dawn raid: how Europe turned on China’s Nuctech: Security equipment supplier’s machines are widely used at borders around the continent ...
ft.com/content/b72069ec-e748-46f8-a936-de22a7446238
EU imposes sanctions against violent West Bank settlers: The European Union said on Friday it had agreed to impose sanctions against four people and two entities ...
reuters.com/world/middle-east/eu-imposes-sanctions-against-violent-west-bank-settlers-2024-04-19/
IMF predicts 'soft landing' for European economy despite challenges ｜ DPA
nordot.app/1154129614023590910
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