In a bold move escalating trade tensions, the European Union has announced a ban on Chinese medical device companies from participating in government contracts exceeding five million euros ($5.8 million). The measure, unveiled Friday, targets a healthcare market in the EU worth an estimated 150 billion euros and is aimed at addressing long-standing restrictions placed…
In a dramatic escalation of ongoing trade tensions, U.S. President Donald Trump announced Friday that he is recommending a sweeping 50% tariff on all European Union imports starting June 1, 2025. The move comes as trade negotiations between Washington and Brussels continue to stall, with Trump expressing frustration over the lack of progress. Posting on…
In a move set to reshape Europe’s agricultural supply chain, EU lawmakers are poised to approve new tariffs on fertiliser imports from Russia this Thursday, despite growing concerns among farmers that the policy could push global fertiliser prices even higher. Currently, more than 25% of the EU’s nitrogen-based fertilisers are sourced from Russia, with additional…
The European Commission has significantly lowered its economic growth forecast for the eurozone in 2025, citing mounting global trade tensions fueled by U.S. President Donald Trump’s renewed tariff campaign. According to the revised projections released Monday, the eurozone’s economy is now expected to grow by just 0.9% in 2025 — a steep drop from the…
In a move drawing growing political backlash, the European Union has paid hundreds of millions of euros to companies owned by tech billionaire Elon Musk—despite his vocal criticism of the EU and close ties to U.S. President Donald Trump. A document reviewed by AFP revealed that the EU transferred significant funds to Musk-linked businesses for…
The European Union is seeking to increase its imports from the United States by €50 billion ($56.5 billion) as part of a broader effort to resolve rising trade tensions and reduce its trade deficit with Washington. European Trade Commissioner Maros Sefcovic revealed this goal in an interview with the Financial Times, indicating that the bloc…
The European Union has ramped up its pressure on Belarus, imposing fresh sanctions on 25 individuals and seven entities accused of undermining democracy and the rule of law in the country. The latest measures, announced on Thursday, underscore the EU’s ongoing condemnation of Belarusian leader Alexander Lukashenko’s grip on power. Among the newly sanctioned entities…
In a significant boost to Nigeria’s social welfare framework, the European Union (EU) has committed €46 million to support the country’s social protection initiatives. The newly launched program, titled “Sustainable Social Protection System in Nigeria” (SUSI), was officially unveiled at the United Nations House in Abuja. This initiative represents a major step toward strengthening Nigeria’s…
The European Union is set to retaliate against the United States’ sweeping tariffs on steel and aluminum by imposing countermeasures worth 26 billion euros ($28 billion) on American goods. The European Commission announced on Wednesday that these tariffs will take effect next month, escalating global trade tensions. While the EU remains open to negotiations, Commission…
European foreign ministers are set to convene in Brussels on January 27 to deliberate on the possibility of easing sanctions on Syria, according to EU foreign policy chief Kaja Kallas. The announcement was made on Sunday during a conference in Riyadh, where top Western and Middle Eastern diplomats gathered alongside Syria’s newly appointed foreign minister….
