Hungary calls for resignation of EU Commissioner over ‘derogatory’ remarks

Hungarian Prime Minister Viktor Orban on Tuesday called for the resignation of European Commission Vice President Vera Jourova over what he described as her “derogatory public statements” about democracy in Hungary.Orban, 57, has repeatedly clashed with other EU leaders over his moves to put the judiciary, media and academics under more state control.Critics in the[...]

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Travel resumes across Europe amid hopes of economic recovery

France, Germany and Switzerland have allowed travel to resume three months after unprecedented restrictions were imposed. France, Germany and Switzerland on Monday allowed travel to resume three months after unprecedented restrictions were imposed in a bid to curb the coronavirus pandemic.France reopened its borders with all EU countries except Spain, where restrictions would remain in[...]

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ECOWAS warns Nigeria of the dangers of delays in Electoral Reforms

Head of the European Union (EU) Delegation to Nigeria and Economic Community of West African States (ECOWAS), Ketil Karlsen, has alerted the sub-region to the dangers of postponing political reforms. He stressed that such changes were needed mostly after any general election like the recently concluded 2019 polls in Nigeria. He, however, lamented that President[...]

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Boris Johnson wins first round of UK leadership vote

The race to succeed Theresa May as leader of the ruling Conservative Party and prime minister entered a new phase on Thursday with Tory members of parliament (MPs) having their first vote for their preferred candidate. Three of the 10 candidates standing in the leadership contest were eliminated from the race Thursday after failing to[...]

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British PM May resigns

British Prime Minister Theresa May on Friday said she would quit, triggering a contest that will bring a new leader to power who is likely to push for a more decisive Brexit divorce deal. May set out a timetable for her departure: She will resign as Conservative Party leader on June 7 with a leadership[...]

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Africa seeks Return of Stolen Assets from Europe and other Countries

Heads of anti-corruption agencies have requested governments in Europe, United States and other jurisdictions to speedily repatriate stolen assets belonging to African nations. The resolution was contained in a communiqué issued at the end of the ninth Commonwealth Regional Conference of Anti-Corruption Agencies in Africa which held from May 6 and 10 in Kampala, Uganda[...]

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Former Ambassador advices the US Against Trade war with the EU

With the U.S. and China seemingly nearing the conclusion of a trade deal, many experts have predicted that Washington could next turn up tensions with the European Union. Those worries came as the U.S. and some of its European allies recently clashed on issues such as Huawei’s role in 5G development — something the administration[...]

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Apple joins Big wigs such as Louis Vuitton, Gucci, L’Oreal in pledging over $700Mn to rebuild Notre Dame after fire

French companies including L'Oreal and luxury groups LVMH and Kering have pledged millions of euros to help rebuild Notre Dame Cathedral in Paris after it was severely damaged in a fire Monday night. Francois-Henri Pinault, whose Artemis holding company owns a controlling stake in Kering, pledged 100 million euros ($113 million), while Bernard Arnault, chair of LVMH, gave 200 million[...]

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EU’s Chief Brexit Negotiator sees no qualms Brexit Delays

Britain should be allowed to delay its official Brexit departure date again so it can think carefully about its future, the EU's competition chief told CNBC. "I don't see a risk in prolonging the departure (from the European Union)," Margrethe Vestager, the European Commissioner for Competition said Tuesday in an exclusive interview in Brussels. "If[...]

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Research: Goldman Sachs says Brexit impasse is costing the UK £600m per week

Brexit has cost the UK around £600m every week since the 2016 referendum, according to a report by Goldman Sachs that highlights the economic impact of the uncertainty surrounding Britain’s exit from the EU.  Financial Times quoted the investment bank saying that Brexit has cost Britain about 2.4 per cent of gross domestic product, compared[...]

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IMF warns that the Eurozone is ‘not resilient enough’ to weather another economic crisis- advises a common deposit insurance and capital market

The eurozone is in better financial shape than a decade ago, but still not solid enough to withstand another economic crisis, the head of the International Monetary Fund said on Thursday. IMF Managing Director Christine Lagarde told a Paris conference that the currency union 'is not resilient enough' to emerge unscathed from 'unexpected economic storms'.[...]

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Brexit Nightmare: One Million sign petition to cancel Brexit

One million people have signed a petition to cancel Brexit. This is a fallout of the Brexit negotiations which have become a nightmare. The negotiations are heading to a breakdown with Theresa May in a race to deliver a deal that is favorable to UK while she locks horns with the British House of Commons.[...]

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UK banks moving over 1 trillion euros of assets to EU over Brexit, ECB says

Seven big banks are moving around 1.2 trillion euros ($1.36 trillion) of assets from Britain to the euro zone as part of their preparations for Brexit, European Central Bank supervisor Ignazio Angeloni told Bloomberg. “We expect seven significant institutions to come under ECB supervision at the outset, of which we already oversee three. There will[...]

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Breaking:UK Lawmakers vote for Brexit Delay

UK lawmakers have again voted to delay Brexit. Brexit is set to be delayed from March 29 after MPs voted 412 to 202 in favour of extending Article 50 tonight. Theresa May appears certain to have a third attempt to get her Brexit deal agreed by MPs early next week but whatever happens will ask[...]

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Jaguar Land Rover recalls 44,000 cars including Land Rover Discoveries, Range Rovers over excess carbon dioxide emissions

Jaguar Land Rover will recall more than 44,000 UK cars for repairs after regulators found faulty models emitting more carbon dioxide than advertised. Ten models were found to be emitting more CO2 than certified initially, according to the Vehicle Certification Agency. Britain's largest car maker said all repairs in conjunction with the recall would be[...]

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Passport Office website crashes after warning that 3.5 million holidaymakers could be stopped from entering EU countries by a No Deal Brexit

A surge in applications was triggered by consumer group Which? after it said 3.5million Britons with less than six months left on passports could be stopped from entering multiple European countries this summer – including France, Spain and Italy. However, those who acted on the advice found the Government website was not working, and were presented with the message:[...]

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Brexit blamed for British airline Flybmi’s collapse

Brexit has been blamed majorly for the collapse of British Budget Airline - Flybmi. The collapse of British regional airline Flybmi over higher fuel prices and Brexit uncertainty has forced stranded passengers across Europe to fend for themselves, without the prospect of help from the UK government. The airline filed for administration late Saturday, in[...]

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Man Wins $1.1m Lotto, Accepts Prize in a ‘Scream’ Mask

A man who won the Super Lotto in the Caribbean picked up his massive check wearing a mask made popular by the 1996 movie “Scream.” Only identified as A. Campbell, the Jamaican winner posed with his winning at the Spanish Court Hotel in Kingston last week. Not an inch of Mr. Campbell was exposed — donned in a full[...]

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President Maduro ‘tries to illicitly transfer $1.2 BILLION of public money into a Uruguay bank’ says Self acclaimed president Guaido

Venezuela's President Nicolas Maduro has been accused of trying to secretly transfer up to $1.2 billion from public funds to a bank in Uruguay as he warns a civil war could break out.   Opposition leader, Juan Guaido, alleged President Nicolas Maduro today of trying to illicitly transfer billions of dollars in cas from public coffers to a[...]

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