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Economy
France details new 12.8 million euros aid for autos and aero sectors
French Finance Minister Bruno Le Maire said on Monday that 13 projects would receive a combined 12.8 million euros ($15 million) in investment to help the country’s automobile and aeronautics sectors modernise and deal with the impact of…
Economic Deterioration, Pervasive Poverty and Unemployment in Lebanon
Experts emphasized the deterioration of the living situation in Lebanon, the Pervasive poverty, and unemployment in light of the price rise. They held Hezbollah responsible for the grim conditions of the people and Lebanon due to its…
Raab says Britain won’t be ‘held over a barrel’ by EU anymore
British foreign minister Dominic Raab said the European Union no longer has the power to treat Britain poorly, and any deal on its future relationship with the bloc must be fair.
“Yes, we want a Free Trade deal with the EU, but any deal…
UK PM launches transport review to boost economy, strengthen ties
British Prime Minister Boris Johnson launched a review aimed at improving transport links across the UK, including a possible bridge between Scotland and Northern Ireland, as part of a plan to boost the pandemic-hit economy and strengthen…
UK PM Johnson allegedly to use No-Deal Brexit threat to force Macron on fisheries at EU talks
UK Prime Minister Boris Johnson is reportedly hoping to pressure French President Emmanuel Macron to concede to UK demands regarding fishing rights as the price for a post-Brexit trade and security deal with the EU at a crunch meeting with…
British PM Johnson: Trade deal is up to the EU
Prime Minister Boris Johnson said on Friday it was up to the European Union whether the two sides reached a trade agreement, calling on Brussels to use common sense to hand Britain a similar deal to the one it did with Canada.
Talking to…
Oil slips on weak demand outlook
On Thursday, oil prices fell as rising coronavirus cases dampened the demand outlook, with further price pressure from a rise in OPEC output last month, though losses were capped by renewed hopes for U.S. fiscal stimulus.
Brent crude…
UK wants a Brexit trade deal with the EU, business minister says
The United Kingdom wants to reach a Brexit trade deal with the European Union, Business Secretary Alok Sharma said on Wednesday.
“The fundamental point is we want to reach a deal,” Sharma told LBC radio.
U.N. chief urges increase in funding for IMF to help pandemic-hit countries
United Nations Secretary-General Antonio Guterres on Tuesday called for an increase in funding for the International Monetary Fund and expanded debt relief to help developing and middle-income countries recover from the novel coronavirus…
IMF says pushing hard for extension of G20 debt relief initiative
The International Monetary Fund is pushing hard for the Group of 20 major economies to extend an initiative postponing official bilateral debt service payments by the world’s poorest countries beyond year-end, IMF spokesman Gerry Rice said…