City Brussels Financial News

By Foo Yun Chee

State Antony Blinken said on Wednesday that there was «no sense of fatigue» among NATO allies when it came to helping Ukraine. «We must and we will continue to support Ukraine,» he said after a NATO-Ukraine meeting in Brussels, adding that NATO allies were unanimous on this position and that he was also hearing continued support for Ukraine in both chambers of the U.S. Congress. Kyiv has been concerned that the Israel-Hamas war could divert international attention away from its efforts to defeat Russia, which invaded Ukraine in February 2022. Foreign Minister Dmytro Kuleba urged the West earlier on Wednesday to ramp up arms production. The European Union has delivered about 300,000 of its promised 1 million artillery shells to Ukraine so far, he said. «We need to create a Euro-Atlantic common area of defence industries,» Kuleba said before meeting the NATO foreign ministers, adding this would ensure both Ukraine's security and that of NATO countries themselves. Kyiv has recently engaged in a concerted drive to entice leading global arms manufacturers to set up operations in Ukraine, part of a bid to diversify its reliance on weapons and ammunition given by its allies. «It is important that our solidarity with Ukraine is not only demonstrated in words but also in deeds,» NATO Secretary General Jens Stoltenberg said, urging allies to do more.

By Foo Yun Chee

Antony Blinken will return this week to the Middle East as the U.S. hopes to find a way to extend a cease-fire in Gaza and get more hostages released, the State Department said Monday. It will be his third trip to the region since Israel's war with Hamas began last month. Blinken will travel to Israel and the West Bank after attending Ukraine-focused meetings on Tuesday and Wednesday in Brussels and Skopje, North Macedonia, where foreign ministers from NATO and the Organization for Peace and Security in Europe are gathering.

FRANKFURT (Reuters) -Euro zone inflation pressures are easing as expected but wage growth is still strong and the outlook is especially uncertain, so the European Central Bank's fight to contain price growth is not yet done, ECB President Christine Lagarde said on Monday.

semiconductors that covers cooperation in areas such as research and innovation, talent development, partnerships and exchange of market information, the external affairs ministry said. The MoU was signed ahead of the India-EU Trade and Technology Council that was held virtually on Friday.

By Giuseppe Fonte and Sudip Kar-Gupta

European Union’s $100-billion scientific research program, called Horizon Europe.Trudeau offered little detail about Canada’s participation in the pact this evening as he welcomed the top two heads of the EU to Newfoundland and Labrador’s capital city of St. John’s for the 19th EU-Canada Summit.Trudeau also said during his opening speech that Canada has worked out a deal to build water bombers and ship them to the EU, after both regions faced devastating forest fires this past summer.European Council President Charles Michel says the two-day summit comes at a difficult geopolitical time, as war continues in Ukraine and Israel and Hamas fight in the Gaza Strip.He says the unrest underscores a need for Canada and the EU, two long-standing allies, to work together on issues from peace and security to fighting climate change.Trudeau is expected to hold formal meetings on Friday with Michel and European Commission President Ursula von der Leyen.Ottawa and Brussels started negotiations a year ago on Canada joining the Horizon Europe scheme, with the initial goal of signing an agreement this past spring that would be in place this calendar year.The program has seen countries such as New Zealand and Israel sign up for research projects partially funded by the EU, involving themes like the digital industry, health care and climate innovation.Entrepreneurs from the St.

By Foo Yun Chee

Poland is expected to receive more than 5 billion euros ($5.5 billion) in EU funds after the European Commission gave a positive assessment of the country’s revised plan for green reforms and investments

A culinary issue erupted as the European Parliament prepares to vote on Wednesday on a proposal about packaging waste

Matthew Perry’s recent death will seem particularly sad during the next weekend’s Thanksgiving. The one festival which 'Friends', the TV show in which he played Chandler, really celebrated was this purely American occasion for good cooking (Monica), bad cooking (Rachel), guilt-tripping about cooking (Phoebe), annoying friends with bad jokes (Chandler), eating (Joey) and enjoying leftovers (Ross). A whole episode (‘The One With Ross’s Sandwich’) was named after a special sandwich made with leftover Thanksgiving turkey.

insurance companies would support Russian oil exports only if the export price was at or below $60 a barrel. The US stopped importing Russian oil altogether. According to Brugel, a Brussels-based European think tank, the EU used to account for nearly two-fifths of Russian oil exports, even as Russia accounted for 13% of global oil exports in 2021, the year before the war.

By Ernest Scheyder

The European Commission will continue the use of the controversial chemical herbicide glyphosate in the European Union for 10 more years after the 27 member countries again failed to find a common position

By Supantha Mukherjee and Foo Yun Chee

By Foo Yun Chee

The European Union proposes to make labor migration easier for specific jobs where the 27 nations can no longer find a local talent pool

European Union institutions and conservationists have given a conditional and guarded welcome to a major plan to better protect nature and fight climate change in the 27-nation bloc

BRUSSELS (Reuters) — Facebook owner Meta Platforms (NASDAQ:META) and social media company Snap have been given a Dec. 1 deadline by the EU to give more information on how they protect children from illegal and harmful content, the European Commission said on Friday.

BRUSSELS (Reuters) — Alphabet (NASDAQ:GOOGL)'s YouTube and TikTok have been given a Nov. 30 deadline by the European Union to reply to an information request on how they protect children from illegal and harmfulcontent, the European Commission said on Thursday.