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Cemex sees merger of two European units in effect from December
  + stars: | 2020-12-05 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: 1 min
FILE PHOTO: A cement mixer truck arrives to a cement plant of Mexican cement maker CEMEX in Monterrey, Mexico, August 19, 2018. Picture taken August 19, 2018. REUTERS/Daniel BecerrilMEXICO CITY (Reuters) - Mexican cement maker Cemex said on Friday its plan to merge European units Cemex Espana and New Sunward Holding should be registered by the end of this year or soon afterward, and would then be retroactively in effect as of Dec. 1, 2020. Separately, the Monterrey-based company said its Colombian unit had been notified it had secured a favorable ruling on Nov. 26 in a case relating to a dispute over deductions the company made in its tax declaration in Colombia in 2009.
Persons: Daniel Becerril, Cemex Organizations: REUTERS, Daniel Becerril MEXICO CITY, Colombian Locations: Monterrey, Mexico, Daniel Becerril MEXICO, Mexican, Espana, Colombia
Fewer than one in five Northern Irish businesses are ready for the end of the Brexit transition period. Prime Minister Johnson is under pressure to postpone the implementation of the Northern Ireland protocol in order to give businesses more time to prepare. In less than four weeks the Brexit transition period will end and the protocol for Northern Ireland will come into effect. It will result in an array of new checks and procedures for trade across the Irish Sea from Great Britain to Northern Ireland. Most details regarding how the Northern Ireland protocol will work are being thrashed out by UK and EU officials in Joint Committee talks.
Persons: Boris Johnson's, Johnson, Johnson's, Dominic Goudie, Association's Connall Donnelly, Michael Gove, Donnelly, Gove Organizations: Northern, EU, Prime, Northern Ireland Business, European Union, Republic of Ireland, Industry, UK, and Drink Federation, Business, Northern Ireland Meat, NI, Friday Locations: Northern Ireland, Britain, Republic of, Great Britain, Duchy, Lancaster
Revamped, less political, UNESCO sets sights on tricky U.S. return
  + stars: | 2020-12-04 | by ( John Irish | ) www.reuters.com + 0.00   time to read: +4 min
FILE PHOTO: The UNESCO logo is seen during the opening of the 39th session of the General Conference of the United Nations Educational, Scientific and Cultural Organization (UNESCO) at their headquarters in Paris, France, October 30, 2017. The United States left with $542 million in arrears. UNESCO says the budget from member states is now $534.6 million, with a further $189 million coming from extra voluntary budgetary contributions. He went to UNESCO when he was vice president and his wife, Jill, has been involved in past teaching programs. But things may prove complicated given a U.S. law that forbids the United States from funding U.N. bodies that have admitted Palestine as a full member, although a waiver can be sought.
Persons: Philippe Wojazer, Donald Trump, Joe Biden, , , Israel, It’s, Audrey Azoulay, Biden, Jill, “ Biden Organizations: PARIS, United States, UNESCO, United Nations, General Conference of, United Nations Educational, Cultural Organization, REUTERS, Republican, Democratic, ” UNESCO, “ UNESCO, Reuters, United, U.S Locations: United, Israel, Paris, France, United States, U.S, European, Timbuktu, Jerusalem, Washington, Palestine
Russia to Germany gas pipeline targeted in U.S. defense bill
  + stars: | 2020-12-04 | by ( Timothy Gardner | ) www.reuters.com + 0.00   time to read: +4 min
WASHINGTON (Reuters) - The annual U.S. defense policy bill unveiled by lawmakers late on Thursday contains sanctions that backers say will halt one of Russia’s biggest projects in Europe: the Nord Stream 2 gas pipeline. FILE PHOTO: Pipes for the Nord Stream 2 Baltic Sea pipeline are stored on a site at the port of Mukran in Sassnitz, Germany, September 10, 2020. Russia says the project to deliver gas under the Baltic Sea to Europe via Germany will begin operating next year. Nord Stream 2 did not immediately respond to a request for comment. In September, the world’s largest group of shipping insurers said they would not insure vessels involved in Nord Stream 2.
Persons: Hannibal Hanschke, Donald Trump’s, Trump, , Obama, Biden, Daniel Vajdich Organizations: WASHINGTON, REUTERS, Gazprom, Europe U.S, National Defense, U.S . House, Representatives, Senate, Trump, U.S, Yorktown Solutions, Kremlin, European Commission, International Group of Protection, London Locations: U.S, Europe, Mukran, Sassnitz, Germany, Russia, Baltic, Ukraine, Nord, Turkey
Brexit deal not possible yet so PM Johnson to speak to EU chief
  + stars: | 2020-12-04 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: 1 min
FILE PHOTO: EU's Brexit negotiator Michel Barnier takes off his face mask as he holds a news conference after a meeting with Britain's chief negotiator David Frost in Brussels, Belgium August 21, 2020. REUTERS/Yves Herman/PoolLONDON (Reuters) - British Prime Minister Boris Johnson and European Commission President Ursula von der Leyen will discuss the state of Brexit talks on Saturday afternoon, after negotiators said they had been unable to reach an agreement. “After one week of intense negotiations in London, together with David Frost, we agreed today that the conditions for an agreement are not met, due to significant divergences on level playing field, governance and fisheries,” the EU’s top negotiator, Michel Barnier, said. Johnson and von der Leyen would speak on Saturday, he added. David Frost, Britain’s top negotiator, made a similar statement on social media.
Persons: EU's, Michel Barnier, David Frost, Yves Herman, Boris Johnson, Ursula von der, Johnson, von der, Britain’s Organizations: REUTERS, British, European Locations: Brussels, Belgium, London
Italy to discuss on Monday plans to use resources from EU's Recovery Fund
  + stars: | 2020-12-04 | by ( Reuters Staff | ) www.reuters.com sentiment -0.97   time to read: 1 min
FILE PHOTO: A European Union's flag flutters outside the European Commission headquarters in Brussels, Belgium October 15, 2020. REUTERS/Yves HermanROME (Reuters) - Italy’s cabinet will meet on Dec. 7 to discuss the country’s national recovery plan, a statement from the Prime Minister’s office said on Friday. Rome is expected to receive more than 200 billion euros ($242.88 billion) from the European Recovery Fund designed to help EU nations hardest hit by the coronavirus.
Persons: Yves Herman ROME, Rome Organizations: European Commission, REUTERS, European Recovery Fund Locations: Brussels, Belgium
REUTERS/Dado Ruvic/Illustration/File Photo(Reuters) - Moderna Inc will be able to produce 500 million doses of its COVID-19 vaccine in 2021, Chief Executive Officer Stéphane Bancel said on Friday. “For 500 million, I am very comfortable we are gonna get there (2021),” Bancel said at the Nasdaq Investor Conference. The Food and Drug Administration is set to hold an advisory committee meeting on Dec. 17 to discuss the company’s request for emergency authorization for its COVID-19 vaccine. Earlier on Friday, Moderna extended its contract with the Israeli health ministry to supply an additional 4 million doses of its COVID-19 vaccine candidate. The company said on Thursday it would supply up to 125 million doses of the vaccine by the first quarter of 2021.
Persons: Dado Ruvic, Stéphane Bancel, ” Bancel, Bancel Organizations: REUTERS, Moderna Inc, European Union, Nasdaq Investor Conference, ., Drug Administration, Moderna Locations: United States
BELGRADE (Reuters) - Montenegro’s parliament on Friday endorsed a new coalition government with a wafer-thin majority that needs to steer the country through the coronavirus crisis and an economic downturn after ending three decades of socialist rule. Slideshow ( 4 images )The coalition, which has the support of only 41 deputies in the 81-seat parliament, was put together with conservative pro-Serb, centre-right and green parties after the Aug. 30 election. The new government will also seek to dismantle a state apparatus built by the Democratic Party of Socialists (DPS) led by long-serving President Milo Djukanovic. The new government enjoys the support of the conservative Serbian Orthodox Church, the biggest in the country, and wants closer ties with Serbia, a former partner in the now-defunct Yugoslav federation. This year and last, the Serbian Orthodox Church held daily protests against a law adopted last December that allows the state to seize religious assets whose historical ownership cannot be proven.
Persons: Zdravko Krivokapic, Milos Konatar, Milo Djukanovic, Krivokapic, Djukanovic Organizations: BELGRADE, Reuters, European Union, Democratic Party of Socialists, DPS, Djukanovic, Serbian Orthodox Church Locations: Montenegro, Serbia, Yugoslav, Serbian
Ethiopia aid pact not good enough, says EU official
  + stars: | 2020-12-04 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
FILE PHOTO: European Commissioner for Crisis Management Janez Lenarcic speaks during an online media conference on RescEU at the European Commission headquarters in Brussels, Belgium, September 22, 2020. Francisco Seco/Pool via REUTERS/File PhotoADDIS (Reuters) - A senior European Union official said on Friday that an agreement between relief organizations and the Ethiopian government for access to the war-hit Tigray region limits aid to federal-controlled areas only and requires too much bureaucracy. “The agreement ... has some important shortcomings,” EU Crisis Management Commissioner Janez Lenarcic told reporters. “Humanitarian aid should also go to areas not under government control in line with the fundamental principles of humanitarian aid. There may be malnourished children on the other side also.”There was no immediate reaction from Ethiopia’s government, which says it is channelling aid already into the northern region, where it has battled rebellious local forces for a month.
Persons: Crisis Management Janez Lenarcic, Francisco Seco, ADDIS, Janez Lenarcic Organizations: Crisis Management, RescEU, European Commission, European Union, Ethiopian, EU Crisis Locations: Brussels, Belgium, Tigray
Investors at the Reuters Global Investment Outlook Summit said they are favoring Treasury Inflation-Protected Securities (TIPS) and commodities, whose prices rise with inflation. “It is worth considering more inflation protection in portfolios now,” said Jim Leaviss, chief investment officer for public fixed income at M&G Investments in London. Rick Rieder, BlackRock’s chief investment officer of global fixed income, said he likes TIPS in case of a moderate rise in inflation, but is not expecting a surge in prices. PIMCO Chief Investment Officer Dan Ivascyn sees inflation trending higher in 2021, approaching 2%, but does not believe it will become a meaningful problem in the next few years. We think clients should think about inflation protection.”The iShares TIPS Bond ETF rose this week to its highest since late September.
Persons: Carlo Allegri, , Jim Leaviss, Leaviss, breakeven, Rick Rieder, ” Rieder, inflation’s, Citigroup’s Scott Chronert, Dan Ivascyn, Ivascyn, Pascal Blanqué, Amundi Organizations: REUTERS, U.S, Treasury, Reuters Global Investment, Securities, G Investments, Investors, Bank of America, European Central Bank Locations: Manhattan, New York City , New York, U.S, U.S . Federal, COVID, London, breakevens, Europe
BRUSSELS (Reuters) - Companies hoping the EU and the new U.S. administration will soon strike a new transatlantic data transfer pact to replace one struck down by a court will probably have to wait months for any result, the head of the EU privacy watchdog said on Friday. REUTERS/Kacper Pempel/Illustration/File PhotoWashington and Brussels have in recent years seen their data transfer accords, one known as the Safe Harbour and its successor the Privacy Shield, rejected by Europe’s top court because of concerns about U.S. surveillance. More than 5,000 companies had signed up to the Privacy Shield set up in 2016 when the Luxembourg-based EU Court of Justice (CJEU) scrapped it in July this year, disrupting their businesses and exposing them to the risk of privacy lawsuits. To that end, Wiewiorowski gave a thumbs up to the European Commission’s proposed revisions to data transfer tools known as standard contractual clauses used by thousands of companies to transfer data around the world for services ranging cloud infrastructure, data hosting, payroll and finance to marketing. “The proposed standard contractual clauses look very promising and they are already introducing many thoughts given by the data protection authorities,” he said.
Persons: Kacper, Max Schrems, Wojciech Wiewiorowski, Joe Biden, Biden, ” Wiewiorowski, Wiewiorowski, Organizations: Companies, REUTERS, Washington, Facebook, Court of Justice, Protection, Reuters, European, Twitter, Apple Locations: BRUSSELS, Brussels, Austrian, Luxembourg
BRUSSELS (Reuters) - Companies hoping the EU and the new U.S. administration will soon strike a new transatlantic data transfer pact to replace one struck down by a court will probably have to wait months for any result, the head of the EU privacy watchdog said on Friday. REUTERS/Kacper Pempel/Illustration/File PhotoWashington and Brussels have in recent years seen their data transfer accords, one known as the Safe Harbour and its successor the Privacy Shield, rejected by Europe’s top court because of concerns about U.S. surveillance. More than 5,000 companies had signed up to the Privacy Shield set up in 2016 when the Luxembourg-based EU Court of Justice (CJEU) scrapped it in July this year, disrupting their businesses and exposing them to the risk of privacy lawsuits. To that end, Wiewiorowski gave a thumbs up to the European Commission’s proposed revisions to data transfer tools known as standard contractual clauses used by thousands of companies to transfer data around the world for services ranging cloud infrastructure, data hosting, payroll and finance to marketing. “The proposed standard contractual clauses look very promising and they are already introducing many thoughts given by the data protection authorities,” he said.
Persons: Kacper, Max Schrems, Wojciech Wiewiorowski, Joe Biden, Biden, ” Wiewiorowski, Wiewiorowski, Organizations: Companies, REUTERS, Washington, Facebook, Court of Justice, Protection, Reuters, European, Twitter, Apple Locations: BRUSSELS, Brussels, Austrian, Luxembourg
Irish PM says EU states must give Barnier space to conclude UK talks
  + stars: | 2020-12-04 | by ( Reuters Staff | ) www.reuters.com sentiment -0.63   time to read: 1 min
FILE PHOTO: Ireland's Prime Minister (Taoiseach) Micheal Martin attends the European Union leaders face-to-face summit in Brussels, Belgium October 16, 2020. REUTERS/Johanna Geron/Pool/File PhotoDUBLIN (Reuters) - The 27 members of the European Union must now give space to the bloc’s chief negotiator Michel Barnier to conclude trade talks with Britain, Irish Prime Minister Micheal Martin said on Friday. “Some countries are putting pressure ... seeking additional information,” Martin told journalists. “We have appointed a negotiating team. We have got to allow them the space to conclude these talks ... and hopefully ... achieve an agreement.”Martin said he “fervently hoped” a trade deal can be agreed.
Persons: Micheal Martin, Johanna Geron, Michel Barnier, ” Martin, , Organizations: Ireland's, European Union, REUTERS, DUBLIN, Reuters, Irish Locations: Brussels, Belgium, Britain
Slideshow ( 2 images )The opposition, led by National Assembly speaker Juan Guaido, is boycotting the vote on the grounds that it will be rigged in favor of President Nicolas Maduro’s allies. Court rulings have left the body largely toothless since the opposition won control in a December 2015 election. “That’s why we say we’re not going to vote, we’re not going to do anything,” Muller said in an interview. The United States and European Union will likely continue recognizing opposition control of the parliament given the perceived problems with the Dec. 6 vote, two opposition sources said. Among the alleged irregularities denounced by the opposition were decisions by the Maduro-aligned Supreme Court to remove Guaido allies from leadership positions in opposition parties and install shadow allies willing to compete in the election.
Persons: Juan Guaido, Nicolas Maduro’s, Datanalisis, , Keili Muller, , we’re, ” Muller, Guaido, Maduro Organizations: European, National Assembly Locations: CARACAS, Venezuela, United States, European Union, Marapa, La Guaira, Cuba, Nicaragua
Serbia unearths mass grave from Kosovo war
  + stars: | 2020-12-04 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: +2 min
KIZEVAK, Serbia (Reuters) - Human remains believed to be the bodies of over a dozen ethnic Albanians killed during the 1998-99 war in Kosovo have been found just inside Serbia, a Serbian official said on Friday. More than two decades after the conflict in Kosovo ended, the search for the victims remains a major obstacle to the improvement of relations between Belgrade and Pristina. The investigators used satellite imagery to find the mass grave in a remote open-cast mine at Kizevak in Serbia’s south. More than 13,000 people are believed to have died during the war in Kosovo, Serbia’s former southern province. The largest mass grave from the war found so far, containing the bodies of more than 800 Kosovo Albanians, was found in 2001 in a police compound near Belgrade.
Persons: Veljko Odalovic, Suzana Matejic, Ibrahim Makolli Organizations: Serbia’s, NATO, International Committee, Kosovo Albanians, European Union Locations: KIZEVAK, Serbia, Kosovo, Serbian, Belgrade, Pristina, Kizevak, Serbia’s, Yugoslavia
Portugal says "unacceptable" to block EU recovery funds
  + stars: | 2020-12-04 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
French Foreign Minister Jean-Yves Le Drian reacts during a meeting with his Portuguese counterpart Augusto Santos Silva in Lisbon, Portugal September 15, 2020. REUTERS/Rafael MarchanteMILAN (Reuters) - Portugal joined European Union countries condemning Poland and Hungary on Friday for holding up the bloc’s coronavirus crisis recovery package in a dispute over linking disbursal of the funds with rule of law provisions. “It is unacceptable that two member states can block a decision that is very very important and decisive for all the European Union and for the recovery of Europe, and on such an argument,” Portuguese Foreign Minister Augusto Santos Silva told an online conference in Rome. “The rule of law is one of the basic values and principles of the European Union.”Hungary and Poland have for weeks blocked the release of funds worth a total 1.85 trillion euros ($2.25 trillion) from the EU’s seven-year budget and a post-COVID development fund. They object to the bloc’s attempt to make the funds conditional on respect for the rule of law and democratic norms.
Persons: Jean, Yves Le Drian, Augusto Santos Silva, Rafael Marchante MILAN, Organizations: French, Portuguese, REUTERS, European Union, Locations: Lisbon, Portugal, Poland, Hungary, disbursal, Europe, Portuguese, Rome, ” Hungary
Several opponents of the plan said the EU should focus on promoting investment in climate-friendly activities, rather than penalising polluters. In its reply to the consultation, Deutsche Bank said an unsustainable taxonomy could have “destabilising” knock-on effects. Others expressed concern that an extra EU taxonomy could overwhelm industry - given that the first sections of the green taxonomy include 500 pages of technical information. That’s not an easy one.”Supporters of the unsustainable taxonomy include German insurer Allianz and French asset manager Mirova, part of Natixis. By identifying assets exposed to transition risks, an unsustainable taxonomy could also underpin stress-testing scenarios and financial sector disclosures on climate-related risk, it added.
Persons: Kacper, polluters, Henrik Pontzen, , Markus Mueller, Tycho Sneyers, We’re, Mirova Organizations: Belchatow, PGE Group, REUTERS, EU, Finance, Reuters, European Central Bank, ESG, Union Investment, Deutsche Bank, Chief Investment, International Private Bank, LGT Capital Partners, Allianz Locations: BRUSSELS, Belchatow, Poland, Brussels, Natixis
UK-EU trade talks at 'very difficult point', says PM's spokesman
  + stars: | 2020-12-04 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
LONDON (Reuters) - British and EU trade talks are at a “very difficult point”, a spokesman for Prime Minister Boris Johnson said on Friday, underlining that time was running out and that any agreement must respect British sovereignty. The negotiating teams have for weeks been unable to narrow the gaps on the thorniest issues, including fisheries and fair competition guarantees, and the spokesman said any further talks over the weekend were “contingent” on what happened on Friday. “We are committed to working hard to try to reach agreement with the EU. Talks are ongoing. Time is in very short supply and we’re at a very difficult point in the talks,” the spokesman told reporters.
Persons: Boris Johnson, , Organizations: European Union, EU Locations: EU, London
In a series of interviews, Fauci questioned the level of scrutiny the British regulators had given the authorization process of the Pfizer and BioNTech vaccine, which was approved for widespread use in the U.K. on Wednesday. Fauci even suggested that the process had been rushed after Britain became the first nation to formally approve the vaccine. The U.K.'s Medicines and Healthcare products Regulatory Agency, or MHRA, defended its approach to the vaccine in a statement issued Friday. Stephen Evans, a professor of Pharmacoepidemiology at London School of Hygiene and Tropical Medicine, said he thought Fauci had “over-stated” concerns about the U.K. assessment process of the Pfizer, BioNTech vaccine. Fauci’s comments landed as some British officials pointed to the vaccine rollout as a sign the U.K. superiority.
Persons: Anthony Fauci, Fauci, , Raine, Stephen Evans, Gavin Williamson, Matt Hancock, Alok Sharma, Andreas Michaelis, ” “, ” Michaelis, BioNTech Organizations: LONDON, Pfizer, National Institute of Allergy, Diseases, Sky News, U.S . Food, Drug Administration, NBC, FDA, British, . Department of Health, Social Care, Medicines, Healthcare, Agency, London School of Hygiene, U.K, Science Media, BBC, State for Education, LBC, European Union, Twitter, Associated Press Locations: Britain, U.S, United States, France, Belgium
Eastern countries hold out for more cash on EU climate deal
  + stars: | 2020-12-04 | by ( Kate Abnett | ) www.reuters.com + 0.00   time to read: +2 min
The latest draft of the climate deal, seen by Reuters, would commit the EU to cut emissions by “at least 55%” by 2030, from 1990 levels. The deal also includes a so-called “enabling framework”, sketching out a plan to deliver the goal, with assurances on EU funding and countries’ right to choose their own energy mix. EASTERN DISCOMFORTEU officials said several countries, including Poland, Hungary, the Czech Republic, Slovakia, Malta and Bulgaria, were not ready to endorse the latest text. Those include doubling an EU fund, made up of revenues from carbon trading, to help poorer countries invest in clean power. Denmark, Spain and the Netherlands are among the states pushing for a climate deal next week.
Persons: General Antonio Guterres, , Sebastian Mang Organizations: European Union, EU, Reuters, Greenpeace Locations: BRUSSELS, Paris, Poland, Hungary, Czech Republic, Slovakia, Malta, Bulgaria, , Czech, EU, Denmark, Spain, Netherlands, Britain, China
Norway to use three vaccines to stop COVID-19 from early 2021
  + stars: | 2020-12-04 | by ( Gwladys Fouche | Victoria Klesty | ) www.reuters.com sentiment -0.99   time to read: +2 min
OSLO (Reuters) - Norway plans to use the three vaccines developed by Moderna, AstraZeneca, Pfizer and BioNTech in its first push to inoculate its population against COVID-19, Norway’s health minister said on Friday. FILE PHOTO: A woman holds a small bottle labeled with a "Coronavirus COVID-19 Vaccine" sticker and a medical syringe in this illustration taken October 30, 2020. Norway is proceeding faster than earlier announced; Prime Minister Erna Solberg said in October she expected vaccinations to start in the first half of 2021. Britain on Wednesday became the first nation in the Western world to approve a COVID-19 vaccine, the one developed by Pfizer and BioNTech. (GRAPHIC: Norway weekly COVID-19 infections - )The number of infections has slowed in recent weeks after the government reintroduced restrictions a month ago.
Persons: Dado Ruvic, Bent Hoeie, ” Hoeie, Erna Solberg Organizations: Moderna, AstraZeneca, Pfizer, BioNTech, REUTERS, Health, Union, Britain, Wednesday, European Centre for Disease Prevention Locations: OSLO, Norway, COVID, Oslo, EU Norway, Sweden, Europe, Iceland, Ireland, Finland
FILE PHOTO: European Commissioner for Economy Paolo Gentiloni speaks during an online news conference following a Eurogroup video conference meeting at the European Council headquarters in Brussels, Belgium November 30, 2020. Francisco Seco/Pool via REUTERS/File PhotoROME (Reuters) - The European Union will push on with its 1.8 trillion euro ($2.14 trillion) financial package to revive the bloc’s COVID-hit economy even if Hungary and Poland continue to try to veto the project, Economics Commissioner Paolo Gentiloni said on Friday. Budapest and Warsaw have vetoed the adoption of the 1.1 trillion euro 2021-2027 EU budget and the 750 billion euro Recovery Fund because the budget law included a clause which makes access to money conditional on respecting the rule of law. “We will not surrender to a veto,” Gentiloni said at a conference organised by Italian think-tank the Institute for International Political Studies, ISPI, and the foreign ministry. “The premise is we are very clear towards these member states, we will go on without them,” the former Italian prime minister said.
Persons: Paolo Gentiloni, Francisco Seco, , ” Gentiloni, Organizations: European, European Union, Institute for International Political, Eastern Locations: Brussels, Belgium, ROME, Hungary, Poland, Budapest, Warsaw, Italian
EU 27 must all approve any UK trade deal, top official says
  + stars: | 2020-12-04 | by ( Gabriela Baczynska | ) www.reuters.com sentiment -0.55   time to read: +2 min
European Council President Charles Michel arrives for a video conference with representatives of member states ahead of the upcoming EU summit, in Brussels, Belgium December 3, 2020. Francois Walschaerts/Pool via REUTERSBRUSSELS (Reuters) - The European Union is still negotiating a trade deal with Britain, a top official with the bloc said on Friday morning, stressing that any agreement that may emerge between negotiators must still be approved by the 27 member states. “It’s unfortunate that it took longer than planned, but we’re still currently negotiating,” Michel told a news conference. “We want a deal but not at any price,” Michel said. “The real question is, which political, economic, social project do they want for their own future?
Persons: Charles Michel, Francois Walschaerts, we’re, ” Michel, , , Michel Organizations: REUTERS BRUSSELS, European, EU, European Commission, Britain, European Union Locations: Brussels, Belgium, Britain
Energy stocks drive gains in European shares
  + stars: | 2020-12-04 | by ( Susan Mathew | ) www.reuters.com sentiment -0.98   time to read: +2 min
(Reuters) - Oil stocks lifted European shares on Friday, with London’s blue-chip index hitting nine-month highs, while signs of progress in fiscal stimulus in the United States also aided sentiment. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, November 26, 2020. REUTERS/StaffLondon FTSE 100 rose 0.8% as crude prices gained after a compromise between OPEC+ members to continue some production cuts. “As long as a basic deal is struck that avoids a no-deal scenario, that would help sentiment,” Madden said. Shares of UK homebuilder Berkeley lost 2.8% after it reported a 16.6% fall in first-half profit as home sales were dented by the pandemic.
Persons: , David Madden, ” Madden, DAX, BioNtech Organizations: Reuters, REUTERS, Staff London, Nasdaq, U.S . Congress, CMC, European Union, Pfizer, homebuilder Berkeley Locations: United States, Frankfurt, Germany, London, Europe’s
European shares rise on oil gains, stimulus hopes
  + stars: | 2020-12-04 | by ( Susan Mathew | ) www.reuters.com + 0.00   time to read: +2 min
(Reuters) - Oil stocks lifted European shares on Friday, with London’s blue-chip index hitting nine-month highs, while disappointing jobs growth in the United States strengthened hopes for a fiscal stimulus. The pan-European STOXX 600 index rose 0.6%, helping it edge into positive territory for the week for - its fifth straight week in the black. European Union officials said a deal could finally be clinched this weekend, but London insisted that negotiations were still “very difficult”. The index has risen about 60% from its March lows compared with nearly a 46% rise for the STOXX 600 over the same period. Sweden’s Investment AB Latour dropped 12.7% and was the worst performer in the STOXX 600 after its majority shareholder trimmed its stake in the company.
Persons: Staff London’s, , Marvin Loh, Germany’s DAX, Latour Organizations: Reuters, REUTERS, Staff, State Street Global Markets, Union, Sweden’s Investment, European Central Bank Locations: United States, Frankfurt, Germany, Boston, London, Europe’s
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