Economics
EU announces 14.5 mln Euros to promote technology in Africa and Caribbean
The European Commission and the Organization of African, Caribbean and Pacific States (OACPS) today signed a new 14.5 million euro initiative with the United Nations Capital Development Fund (UNCDF) to help the potential of digital finance 600,000 in African, Caribbean and Pacific countries Women, youth and entrepreneurs. “Nowadays, digital technology plays an important […]
Read MoreGermany discourages use of AstraZeneca vaccine for over 65s
The German Vaccine Board said in a draft recommendation that AstraZeneca’s COVID-19 vaccine should only be provided to people between 18 and 64 years old, one day before European regulators decide whether to approve the drug manufacturer’s injection. The committee said in a draft resolution provided by the German Ministry of Health on […]
Read MorePortugal: Lisbon approves financial support for taxi drivers
The Lisbon Council has announced a support fund for the taxi industry in the city. During the lockdown period, taxi drivers will be entitled to a direct subsidy of 500 euros to compensate for the loss of fares due to the pandemic, which is mainly due to the decline in tourism and mandatory […]
Read MoreSwitzerland: Swatch reports first annual loss in 40 years
The Swatch Group reported on Thursday that this is the first annual loss in nearly 40 years since the establishment of the Swiss watch manufacturer, as the COVID-19 pandemic has closed stores and smart watches have entered the market. The company announced an annual net loss of 53 million Swiss francs (60 million […]
Read MoreEU to invest 2.9 Euros in battery value chain
The EU has approved 2.9 billion euros in subsidies from 12 member states for the second pan-European project to develop the battery industry and get rid of dependence on Asian imports. The European Union, which expects battery demand to grow rapidly in the next few years, said on Tuesday that the latest public […]
Read MoreBrexit: EU asks companies to leave UK immediately
European Union refused to provide exceptions to British companies during Covid-19 crisis, and asked them to immediately relocate to the European continent. London-based TP ICAP said yesterday that it cannot provide services to its EU customers because they have not yet completed their plan to relocate staff to Paris. The company was […]
Read MoreSweden seeks clarification on Pfizer vaccine price
The Swedish Health Agency is seeking clarification from the European Union, telling it how much COVID-19 vaccine doses must be paid to Pfizer for each bottle, and hopes to find the answer before payment is made in a few weeks. Sweden’s Dagens Nyheter reported earlier on Tuesday that Sweden will withhold payments for […]
Read MoreGermany sustains EU’s proposal to restrict COVID-19 vaccines
The German Minister of Health supports the EU‘s proposal to restrict the COVID-19 vaccine on Tuesday because AstraZeneca and Pfizer suddenly experienced tensions in short supply just one month after the group started vaccinating citizens. Frustrated by the delivery delay of AstraZeneca’s COVID-19 vaccine and other supply issues, the EU proposed to establish […]
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