Page 63 - European Union

With time running out, European Union and UK near post-Brexit trade deal

EU and British negotiators inched their way to within touching distance of a trade deal early Thursday, raising hopes a chaotic economic break between the two sides on New Year's Day could be averted

Brexit trade deal may be imminent, says senior European Union diplomat

An accord would ensure that the goods trade that makes up half of annual EU-UK commerce, worth nearly a trillion dollars in all, remains free of tariffs and quotas

European Union to implement new trade deal with UK from Jan 1: Report

British Housing Secretary Robert Jenrick told Sky News that "at the moment there isn't sufficient progress" at the talks.

Germany extends UK travel ban despite EU urging to lift restrictions

Germany extended its travel ban from Britain until January 6 amid concern over a highly infectious new COVID-19 variant, despite a EC recommendation earlier for member states to lift the ban

EU vows 'final push' in Brexit trade talks as rifts over fishing narrow

Britain is set to complete its departure from the EU when it leaves the bloc's single market and customs union on Dec. 31, meaning its current free trade arrangements expire

European Union recommends against nonessential travel to the UK

The EU recommended Tuesday that all 27 member countries should discourage all nonessential travel to and from the United Kingdom until further notice

European Union agrees to pay 15.5 euros per dose for Pfizer shot: Report

The price, which is confidential and was negotiated for a total of 300 million doses, is slightly lower than the $19.50 per shot the United States agreed to pay

Fiat Chrysler, PSA win EU antitrust okay for $38 billion merger

By Foo Yun Chee

European medicines regulator approves Pfizer-BioNTech Covid-19 vaccine

The European Medicines Agency recommended conditional approval for a coronavirus vaccine developed by BioNTech and Pfizer to be used across the European Union, weeks after the shot was first granted permission under emergency provisions in Britain and the United States. Following a closed-doors expert meeting Monday, the EU drug regulator said it was recommending the shot be licensed for use in people over 16 years of age, with some exceptions. The pharmaceutical companies will need to submit follow-up data on their vaccine for the next year. This is really a historic scientific achievement," said Emer Cooke, the head of the agency. It is a significant step forward in our fight against the pandemic. The approval needs to be rubber-stamped by the EU's executive branch on Monday evening. a move its chief said is likely to happen Monday evening. European Commission President Ursula von der Leyen tweeted that the EMA's approval was a decisive moment in our efforts to deliver safe & ...

UK confronts threat of food crisis as coronavirus surge blocks trade

The disruptions are exposing Britain's trade vulnerabilities just as a 4 1/2-year odyssey to leave the EU moves from political rhetoric to economic reality.

UK could agree on 'mini deals' with European Union if trade talks fail

People familiar with both sides of the negotiations told Bloomberg that the trade talks are unlikely to wrap up on Sunday

EU-UK trade talks floundering over fish as cutoff day approaches

Deep into a crucial weekend of negotiations, a breakthrough on fishing rights remained elusive for the European Union and Britain

World Coronavirus Dispatch: Hong Kong clinics ban fathers during childbirth

Chaos in New South Wales as travelers rush to get out of the state, Big businesses showed resilience in a daunting year and other pandemic-related news around the globe

Best of BS Opinion: De-fanging FAANG, Modi's index of alarm, and more

Here's a selection of Business Standard opinion pieces for the day

Post-Brexit trade talks with EU in 'serious situation', says UK PM Johnson

British Prime Minister Boris Johnson has underlined the post-Brexit trade negotiations between Britain and the European Union (EU) were now "in a serious situation"

EU states to start vaccinations against Covid-19 from December 27

Many have criticised the slow EU approval process for the approval of vaccines

US, EU must cooperate to oppose China subsidies for aircraft industry: USTR

The US and Europe should agree to cooperate in opposing any future "hurtful" subsidies used by China to build up its commercial aircraft industry, US Trade Representative Robert Lighthizer said

EU postpones $109 mn aid to Ethiopia over lack of access to Tigray region

The European Union has postponed 90 million euros ($109 million) in budgetary support to Ethiopia over lack of access to the country's Tigray region to deliver humanitarian aid amid the conflict

Next Covid-19 vaccine challenge: Crossing the economic and patent barrier

India's proposed WTO waiver faces stiff opposition from the US and EU

Facebook criticises Apple as it welcomes Europe's new technology rules

The new laws announced Tuesday - known as the Digital Markets Act (DMA) and the Digital Services Act (DSA) - are designed to keep the tech giants in check