The industrial producer price index (PPI) increased in August by 0.1% in the Eurozone, and by 0.2% in the European Union (EU), according to estimates by Eurostat. Last month saw some easing of preventive measures against the COVID-19 pandemic in Europe. On an annual basis, industrial producer prices decreased by …
Read More »European Commission: Economic Sovereignty at Stake
A recent report by the European Commission has warned that the European Union’s economic sovereignty is at stake due to the high dependence on imports, Bloomberg reported. “The EU is heavily dependent on non-EU countries for critical raw materials that are essential for staying at the forefront of global competition, …
Read More »London to Remain Europe’s Financial Center Despite Brexit
Despite the Brexit, London is expected to maintain a big role in the European financial market, Reuters reported. It was expected that many company will leave the UK capital, thus, affecting the place of London as a global financial hub. However, it now seems that Frankfurt will not be making …
Read More »Question Marks about UK Trade Talks with EU, US
Talks for a trade agreement between the United Kingdom (UK) and the European Union (EU) in the post-Brexit era are reportedly stalling or showing little progress. The two sides need to agree on fundamental principles first before negotiations can move forward. “We only have a few weeks left, and we …
Read More »EU Leaders Nearing Agreement on Recovery Fund
Leaders of the European Union (EU) are set to reach an agreement about the COVID-19 recovery fund, which will help member countries cope with the coronavirus pandemic economic impacts. President of the EU Council, Charles Michel, was cited by Reuters earlier today as saying that he is confident of the …
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