More people worldwide have died of COVID-19 so far this year than during all of last year, according to data tallied by Johns Hopkins University. So far, 3.77 million deaths have been reported since the pandemic began — with 1.89 million reported in 2021 exceeding the 1.88 million deaths counted as of December 31, 2020. While the true…
IMF Managing Director Kristalina Georgieva A $50-billion plan to end the COVID-19 pandemic developed by the International Monetary Fund (IMF), would generate an additional $9 trillion in global economic returns by 2025, said IMF Managing Director Kristalina Georgieva on Tuesday. The plan is supported by the World Bank Group, World Health Organization (WHO), and the World Trade…
Addressing a joint session of Congress on April 28, President Joe Biden outlined his approach to foreign policy. As expected, China looms large in his thinking. The president portrayed his overall foreign policy agenda as one that “benefits the middle class.” Biden explained: “That means making sure every nation plays by the same rules in…
European Union’s negotiator Michel Barnier arrives for a meeting of the representatives of the Governments of the EU Member States, Brussels, December 14, 2020. The EU’s chief negotiator Michel Barnier has said he still has the firm belief that a post-Brexit trade agreement is possible, as talks between the EU and the UK resumed in…
Trade Minister Simon Birmingham says Australia is considering taking China to the World Trade Organisation as trade tensions continue to boil over. Earlier in the year, China introduced an 80 percent tariff on Australian barley. “There is a pattern of great concern and a cumulative effect of action there that is deeply troubling,” Mr. Birmingham…
Geneva, Oct 26 (Prensa Latina) The World Trade Organization (WTO) on Monday approved a request from the European Union (EU) to impose trade sanctions on the United States for its subsidies in favor of Boeing. According to the WTO, the penalty will have to reach a maximum value of four billion dollars, proportional to the…
Fishing remains one of the key sticking points of negotiations – Getty Images Boris Johnson has told the French president the UK wants to “explore every avenue” to secure a post-Brexit trade deal with the EU, days before the PM’s self-imposed deadline. Mr. Johnson told Emmanuel Macron “intensive talks” were needed to “bridge significant gaps”…
German Chancellor Angela Merkel. (PA) Germany has reportedly scrapped plans to discuss Brexit at a high-level meeting next week because Britain and the EU have made no “tangible progress” over the summer. According to The Guardian, Germany — which holds the rotating presidency of the EU council — had intended to discuss Britain’s departure at a…
There is only one priority for Germany and the UK right now and that is dealing with COVID-19. The available estimates of the costs of shutdown in the form of lost value-added show that the coronavirus epidemic will cause costs that will probably exceed everything known from economic crises or natural disasters in both countries…
BRUSSELS (Reuters) – Britain and the European Union kick off talks on Monday on how their relationship will shape up after Brexit, with half a trillion euros worth of annual trade and close security ties at stake in what are bound to be tense talks. Both sides say they want to reach a deal by…