New Delhi, June 21 (IANS) European Commission President Ursula von der Leyen has said that the European Commission will develop new tools to counter macroeconomic imbalances, most notably the “growing and unsustainable” trade deficit with China, according to a report.Von der Leyen said the diversification instrument would be country-agnostic, focusing on helping European companies in specific sectors de-risk faster, as supply chain diversification has so far been too slow, according to Euronew…
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Washington, June 20 (IANS) World leaders, including those from the G7, along with senior US lawmakers, welcomed a memorandum signed between the United States and Iran, with supporters describing it as a breakthrough that could reopen the Strait of Hormuz, ease regional tensions and advance negotiations over Tehran’s nuclear programme.The White House said President Donald Trump and Vice President JD Vance had secured a Memorandum of Understanding with Iran that would ensure Tehran “will never obt…
New Delhi, June 19 (IANS) EU leaders have asked the European Commission to come up with stronger measures to deal with China’s growing economic might that comes at the cost of dumping cheap goods in other countries, according to a report in Politico.The report cites an EU official as saying that leaders requested the Commission assess the EU’s trade defense tool-box and eventually come up with new instruments, to ensure the bloc has what it needs to defend its interests against China’s unf…
Mumbai, June 12 (IANS) Ireland is “really, really positive” on the European Union-India free trade agreement, which is very much going to support and propel the two-way trade between the two sides, its Consul General in Mumbai, Patrick Duffy, said. “Essentially, we have agreed and created a free trade zone of two billion people. That’s an amazing achievement, and we can understand why leaders such as (European Commission) President Ursula von der Leyen and (Indian Commerce) Minister Piyush Goyal…
Brussels, June 11 (IANS) South Korean President Lee Jae Myung has left Belgium en route to Italy, the second stop in his visit to Europe, where he will hold talks with the Italian president and prime minister.Lee’s departure on Wednesday (Local time) followed his talks with Belgian Prime Minister Bart De Wever earlier in the day, followed by a summit with leaders of the European Union — Ursula von der Leyen, president of the European Commission, and Antonio Luis Santos da Costa, president of th…
Brussels, June 10 (IANS) As Prime Minister Narendra Modi on Wednesday became India’s longest-serving elected Prime Minister, leaders from all around the world continue to congratulate him on the milestone and praised his leadership and public service. European Commission President Ursula von der Leyen congratulated PM Modi on becoming India’s longest-serving elected Prime Minister and stated that India under his leadership has landed on the moon and is shooting for the stars. She also thanked PM…
Washington, June 9, (IANS) The United States on Tuesday urged countries around the world to step up efforts to contain the Ebola outbreak in the Democratic Republic of the Congo (DRC) and Uganda, saying Washington has already mobilised extensive resources and that broader international action is needed to prevent further spread of the virus.Secretary of State Marco Rubio discussed US-European coordination on the outbreak during a call with European Commission President Ursula von der Leyen, acco…
Brussels, June 9 (IANS) The European Commission has proposed the 21st package of sanctions against Russia, targeting key sectors including energy, financial services and crypto, trade and, for the first time, fisheries, European Commission President Ursula von der Leyen said Tuesday.According to a statement released by the Commission, the proposed measures include suspending the automatic adjustment mechanism of the oil price cap until next January, which would allow oil markets to stabilise whi…
Bucharest, June 5 (IANS) A maritime drone self-detonated on Friday morning in Romania’s Constanta port, causing no casualties, Romania’s Ministry of National Defence has revealed.The drone exploded at around 10:30 am local time. The area has been secured and isolated by forces of the Romanian Intelligence Service, the Coast Guard and the Ministry of National Defence, a statement issued by the ministry mentioned.It detailed that the drone was not part of the equipment of the Romanian Army, and wa…
Brussels, May 29 (IANS) Hungarian Prime Minister Peter Magyar announced on Friday that Hungary had reached a political agreement with the European Union on the release of 16.4 billion euros (19.1 billion US dollars) in previously frozen European Union (EU) funds. The agreement was reached following talks with European Commission President Ursula von der Leyen in Brussels and would unlock approximately 6,000 billion forints in EU resources, equivalent to about 13 percent of Hungary’s gross domest…