He European Central Bank (ECB) decided this Thursday to raise its interest rates for the tenth consecutive time, by a quarter of a percentage point, hup to 4.5%, to stop inflation in the euro zone and despite the stagnation of the economy. After the meeting of the Governing Council, the The BCE reported that it […]
Tag: European Union
ECB raises key rate to all-time high, despite deteriorating economic outlook
The European Central Bank raised its key rate to an all-time high of 4% to anchor inflation in the euro zone, despite pressure to take a break to give the economy a breather given worsening forecasts. This is the tenth consecutive rise since the European issuer (ECB) adopted in July 2022 the most restrictive monetary […]
Europe urges to complete trade agreements with Mercosur and Mexico this year
The president of the European Comission (EC), Ursula von der Leyencalled this Wednesday to complete by the end of this year the negotiations on trade agreements between the European Union (EU) and Mercosur (Uruguay, Paraguay, Argentina and Brazil) and between the community club and Mexico. “We should aim to complete agreements with Australia, Mexico and […]
EU forces tech giants to comply with antitrust law
The European Commission (EC) forced this Wednesday Alphabet, Amazon, Apple, ByteDance, Meta and Microsoft to comply with the digital markets law, the new antitrust regulations with which the European Union (EU) wants to control the market power of big technology. All of them meet the requirements of having a turnover in Europe of at least […]
Mercosur will present its business counterproposal to the EU in September
He mercosur will present its counterproposal to the European Union (EU) in negotiations to close a trade agreement, strong Brazilian parliamentarians reported on Tuesday. The proposal agreed by the South American bloc will be presented until September 17, said the deputy Pedro Lupionleader of the front of representatives of the agricultural sector in a press […]
Uruguay on the EU-Mercosur agreement: “enough with the words of 25 years of negotiation”
The President of Uruguay, Luis Lacalle Pousaid this Tuesday that “enough of words of 25 years of negotiation” regarding the Free Trade Agreement between the European Union and the mercosur that is being discussed between these blocs and the one who urged them to “agree”. “Enough of the words of 25 years of negotiation. It […]
European Union will invest 45,000 million euros in Latin America and the Caribbean to strengthen ties
The European Comission announced that it will invest 45,000 million euros to take relations between the EU and Latin America and the Caribbean to another level. The new cooperation and investment agenda will focus on projects ranging from the production of clean hydrogen or the expansion of the high-performance data cabling network to the production […]
EU promises investments to Celac, which refuses to become a “quarry of resources”
The European Union promised this Monday 45,000 million euros in investments from its institutions and its member states until 2027 to the countries of Latin America and the Caribbean (Celac), which in turn called for a deeper relationship between both parties and that the region does not become in a meremineral extraction region either “quarry […]
Agreement with Mercosur, Chinese influence and Ukraine, the pitfalls of the EU-Celac summit
The difficulties in closing the agreement reached with the mercosur After two decades of negotiations, the growing Chinese influence in the region and the critical opinion of Brazil, Mexico and Argentina towards the allies in the war in Ukraine are important divergences that are expected to emerge at the next meeting EU–celac. The III Summit […]
China asks the EU to “clarify” its position on the bilateral relationship
The head of diplomacy ChinaWang Yi asked the European Union “clarify” his position on his relations with Beijing in a meeting with the head of European foreign policy, the Chinese Ministry of Foreign Affairs reported on Saturday. “The EU should (…) clarify its position on the strategic partnership between the two sides and encourage China-EU […]