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Euro zone economy to shrink between 8% and 12% in 2020: Lagarde
May 27, 2020 11:31The euro zone economy is likely to shrink between 8% and 12% this year as it struggles to overcome the impact of the coronavirus pandemic, European Central Bank President Christine Lagarde says.
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‘Let us put aside old prejudices,’ EU chief says of pandemic fight
May 27, 2020 10:18The President of the European Commission Ursula von der Leyen on Wednesday urged reluctant EU members to ‘put aside their prejudices’ and back her 750-billion-euro post-virus recovery strategy.
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ECB warns virus response could renew fears of euro breakup
May 27, 2020 08:00A vast fiscal fightback to the coronavirus crisis unleashed by eurozone governments could raise questions about capitals' ability to repay debts and revive the threat of countries exiting the single currency, the European Central Bank warns.
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A life of heat 'near unlivable' for more than 3 billion people in just decades, climate report warns
May 27, 2020 06:13In the next five decades, more than three billion people—one third of the world's population—could live in regions with climate conditions considered unlivable, according to a new study.
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EU acknowledged China's rise, ‘end of US-led system before our eyes’
May 26, 2020 02:10The European Union is acknowledging the “end of an American-led system” in favor of China, suggesting that Europe should take an independent stance.
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Euro zone slump eased in May but still sharp
May 21, 2020 10:18As government-imposed lockdown measures across the Europe have been eased the disastrous impact of the coronaviurs on the euro zone economy abated marginally this month, a survey shows.
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Israel must 'abandon threats of annexation': UN envoy
May 21, 2020 02:27The United Nations' special envoy for West Asia has called on Israel to abandon plans to annex parts of the occupied West Bank, joining a growing international chorus of opposition.
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ECB heads for more stimulus even as courts spar over its limits
May 20, 2020 15:28The European Central Bank (ECB) tweaked policy around the edges recently but kept the door wide open to further stimulus — including potentially controversial purchases of junk debt — to help an economy ravaged by the coronavirus pandemic. Facing an unprecedented recession, the ECB said it would make loans to banks even cheaper but kept the terms of its hallmark asset purchase scheme unchanged, disappointing investors who had bet on even more money-printing.
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World no longer tolerates US bullying: Shamkhani
May 19, 2020 06:34Iran’s top security official says the United States has failed to muster support even from its own allies in its attempts to renew a UN arms embargo against the Islamic Republic, stressing that the world community no longer tolerates Washington’s “bullying.”
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China has been open, transparent in fight against COVID-19: President Xi
May 18, 2020 09:59President Xi Jinping says China supports a ‘comprehensive’ inquiry into the global response to the COVID-19 pandemic after it ‘has been brought under control,’ stressing that Beijing has acted with ‘openness and transparency’ in dealing with the contagious disease since its outbreak.