Eu Financial News

German lawmakers have approved a government plan to liberalize rules on cannabis, paving the way for the country to decriminalize limited amounts of marijuana and allow members of “cannabis clubs” to buy it for recreational purposes

Reuters. The British PM made this statement to mark two years since the beginning of the war, he said Ukraine continued to need more long-range weapons, drones and munitions, as well as other assistance, in an article in an early edition of the Sunday Times. The first British Asian prime minister further said, "We must be bolder in hitting the Russian war economy ....

By Timothy Gardner and Daphne Psaledakis

Zelensky vowed Saturday that Ukraine would defeat Russia as the war entered a third year. «We have been fighting for this for 730 days of our lives. We will win on the greatest day of our lives,» Zelensky told an open-air anniversary event in Kyiv. «Any normal person wants the war to end. But none of us will allow Ukraine to end,» Zelensky said, stressing that the war must end «on our terms», with a «just» peace.

Germany has seen a sharp rise in the number of young people using cannabis obtained on the black market’ and ‘Use of the drug among young people has been soaring for years despite the existing law’ He further urged the members of parliament to back the controversial law, saying ‘the situation we are in now is in no way acceptable.’ Despite fierce objections from the opposition and medical associations, the parliament voted Friday to legalise cannabis. After a stormy session on Friday in the Bundestag, Germany's parliament, the vote was eventually passed by 407 votes to 226. Under the new law, it will be possible to obtain up to 25 grams of the drug per day for personal use through regulated cannabis cultivation associations, as well as to have up to three plants at home.

back in Paris on their tractors in a new protest Friday demanding more government support and simpler regulations, on the eve of a major agricultural fair in the French capital. Dozens of tractors drove peacefully into Paris carrying flags from Rural Coordination, the farmers’ union that staged the protest.

President Joe Biden said the measures aim to ensure Russian President Vladimir Putin "pays an even steeper price for his aggression abroad and repression at home." The sanctions targeted Russia's Mir payment system, financial institutions and its military industrial base, sanctions evasion, future energy production and other areas. They also hit prison officials the U.S. says are linked to Navalny's death.

World Trade Organisation are maintained at the Abu Dhabi meeting next week, union commerce and industry minister Piyush Goyal said on Friday. The country will also raise the issue of the European Union's Carbon Border Adjustment Mechanism (CBAM) at the WTO and bilaterally with the EU, Goyal said at the Raisina Dialogue 2024 here. «There are attempts to include issues in the WTO that are not part of world trade, and India will try to ensure that the guiding principles of WTO are maintained,» he said.

By Anna Koper

manufacturing sector needs to contribute a quarter to India's economic growth amid its ambition of becoming a USD 30-trillion economy by 2030 and a developed country (Viksit Bharat), M&M group Managing Director and CEO Anish Shah said on Friday. Sharing his perspective on the role industries and enterprises will have to play in accelerating national growth and economic prosperity at the third ABP Network's 'Ideas of India Summit 3.0' here, he also said over the next seven years, Indian GDP is expected to add as much to the global GDP as the entire European Union combined. The two-day event, which began here on Friday, has seen the participation of policymakers, cultural ambassadors, industry experts, celebrities, business leaders, economists, among others. «India envisions to be a 30-trillion economy by 2047 to be a Viksit Bharat. This means manufacturing should be 25 per cent of GDP… We should be more ambitious and make manufacturing grow 16 times and exports grow 11 times.» Shah said.

Kremlin hits back at Joe Biden with ‘Hollywood cowboy’ over ‘crazy SOB’ remark The US has targeted Russia's revenue and military-industrial complex. The Us and other allies of Ukraine had hoped to cripple and isolate Russia's economy with a succession of sanctions targeting its financial sector and sources of revenue, including oil sales.

Czech farmers are driving their tractors and other vehicles to to several border crossings to join forces with their colleagues from neighboring countries in their protests against European Union agriculture policies, bureaucracy and overall conditions...

Arianee, the web3 ownership infrastructure behind several global luxury brands, has announced its plans to unveil a brand new layer 2 built on Polygon “to leverage the full potential of digital product passports (DPPs) and engagement tokens at scale,” according to a February 22 Polygon press release.

Mint. "If an innocent country is attacked from outside by a much bigger power, then it's not a neutral conflict. India could be a little bit more vocal in stating facts as they are. I'm pretty sure that India, just like ourselves, is very worried about the increasing cooperation between Russia and China," she said.

Houthi attacks on commercial ships in the Red Sea, in reprisal for Israeli bombing of Gaza, continue unabated and the disruption they are causing is beginning to pinch. As the crisis enters its fourth month, Mint looks at the impact on India and the sectors that have been hit. There are no signs at all of any improvement.

By Patrick Wingrove and Leroy Leo

Mint on the sidelines of the 2024 Raisina Dialogue, Sannino outlined the EU’s concerns about Russia and the war in Ukraine. However, Sannino played down talk of differences with India over the conflict but said the EEAS was "certainly asking" India to be supportive in implementation of sanctions against Russia. “Russia is a spoiler.

By Nick Carey

Internet outages, and restrictions on social media applications like X (formerly Twitter) were imposed in Pakistan on Saturday after a senior government official made a public admission of vote manipulation in the February 8 election. US State Department spokesperson Matthew Miller on Wednesday said that the US is concerned by reports of restrictions on the exercise of the freedom of expression and association in Pakistan, "including the partial or complete government-imposed internet shutdowns, which includes, of course, on social media platforms." He added that Washington continues to call on Pakistan to respect freedom of expression and "restore access to any social media that has been restricted, including Twitter, now known as X." Miller said the US concerns had been communicated to Pakistan through official channels.

European Union, both have the political will to conclude the Free Trade Agreement (FTA) and while no timeline can be put on the conclusion of the deal negotiations are progressing well, European External Action Service Secretary General Stefano Sannino told ET on Wednesday. “As we speak, the seventh round of negotiations is ongoing in New Delhi. It is an ambitious agreement and there are various elements to the FTA. While no timeline can be put as to when the FTA can be announced, I can say that there is a political will to conclude it,” Sannino said in an exclusive chat on the sidelines of the Raisina Dialogue – India’s premier foreign policy dialogue organised by the MEA and Observer Research Foundation (ORF). Along with FTA talks, India-EU will also discuss an investment protection agreement (IPA) and a pact on geographical indications (GIs).

Japan has reported its exports surged nearly 12% in January, helped by robust demand for vehicles, auto parts and machinery