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The Latest Breaking News from Brussels

G7 Finance Ministers to Thrash Out Ukraine Aid Plan

G7 partners meet Thursday hoping to find a solution for Kyiv's budget troubles as the fallout from Russia's invasion of Ukraine continues to roil the global economy. Finance ministers from the Group of Seven industrialized nations are holding talks in Koenigswinter in western Germany to coordinate their response. "The bilateral…

Asharq Al-Awsat

EU unveils $220bn plan to ditch Russian energy

Brussels plans to spend $314bn by 2030 to end its dependency on Russian oil and gas imports.

Al Jazeera

Microsoft Announces Changes after Cloud Computing Complaints

Microsoft, which had been fined 1.6 billion euros ($1.7 billion) by EU antitrust regulators, will revise its licensing terms and allow cloud service providers to better compete in response to complaints, its president Brad Smith said on Wednesday. The company was taking the first step but not the last to…

Asharq Al-Awsat

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Lewis says Northern Ireland Protocol is ‘not working’ as Truss prepares to act

The Foreign Secretary is set to announce a domestic law that would overwrite elements of the Brexit treaty with the European Union.

The Independent UK

Prime Minister Boris Johnson sets out 'insurance policy' plan to rewrite the NI Protocol

The PM used the trip to issue a warning to Brussels that the UK is prepared to rewrite unilaterally the terms of the deal he signed

Belfast Live

Boris Johnson vows unilateral action in Brexit row, despite warnings of trade war with EU

Promise of legislation on Northern Ireland protocol fails to break power-sharing deadlock

The Independent UK

Johnson sets out ‘insurance’ plan to rewrite Northern Ireland’s Brexit deal

Prime Minister Boris Johnson flew in to Belfast in an attempt to break the deadlock preventing the formation of a new executive.

The Independent UK

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Revealed: EU plans loans and grants to help rebuild Ukraine

Leaked report also suggests assessing feasibility of using assets seized from sanctioned Russians

The Guardian - UK

Debunking claims that the EU has not helped Hungary cope with recent waves of migration

On March 23, as leaders gathered for multiple summits in Brussels, the Hungarian justice minister claimed that the EU had not helped the country after Budapest "stopped migration in accordance with international conventions". Sophie Samaille and Georgina Robertson take a closer look at the claims.

France 24

Major Brexit statement to Parliament TOMORROW as Boris Johnson changes own deal

Foreign Secretary Liz Truss will make a major statement to MPs on Tuesday as Boris Johnson visits Northern Ireland - and prepares to override parts of his post-Brexit deal

Daily Mirror

Boris Johnson sees ‘landing zone’ in Northern Ireland row with EU, says No 10

London seeks to calm tensions as PM visits Belfast for talks with parties

The Independent UK

Johnson says UK will act if EU refuses to give way over Northern Ireland Protocol

The PM said agreement is possible if Brussels accepts changes to the protocol.

Evening Standard

Johnson says UK will act if EU refuses to give way over NI Protocol

The PM said agreement is possible if Brussels accepts changes to the protocol.

The Independent UK

‘Severe risk’ of trade war with Brussels, Britain’s former ambassador to EU warns

There is a “severe risk that we are heading into a trade war" with Brussels, Britain’s former ambassador to the EU has warned.

Evening Standard

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The Independent UK

Kwarteng dismisses ‘irresponsible’ threats of trade war with Brussels

The Business Secretary said the UK will not be deterred from taking action to maintain political stability in Northern Ireland.

Irish Mirror

Taoiseach Micheal Martin left 'stranded' on airstrip in Brussels after Government jet breaks down

Senior officials at the Taoiseach’s department said the latest breakdown marked a 'further deterioration' in the service being provided for flying ministers around the globe

Evening Standard

Labour accuses Boris Johnson of seeking trade war with Brussels with ‘tear up Northern Ireland protocol’ threat

Shadow foreign secretary David Lammy said it is ‘the worst possible time’ to open up divisions with EU allies

The Independent UK

PM accused of seeking trade war with Brussels by threatening to tear up protocol

Shadow foreign secretary David Lammy said it is ‘the worst possible time’ to open up divisions with EU allies.

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Reuters

Yellen to meet Polish prime minister at start of trip to G7 finance meeting

U.S. Treasury Secretary Janet Yellen will meet with Polish Prime Minister Mateusz Morawiecki on Monday to discuss how Russia's invasion of Ukraine affects Poland's economy as part of a week-long trip that also will take her to Brussels and a G7 finance leaders meeting in Germany.

The Guardian - UK

Johnson blames today’s Brexit woes on Brussels – that’s a load of old bull

The prime minister claims trouble in Northern Ireland is the EU’s fault. There’s an impolite word for that, says Guardian columnist Jonathan Freedland

Benzinga

Why Neo Performance Materials Shares Are Surging Today

Neo Performance Materials Inc (TSX:NEO) (OTC:NOPMF) reported first-quarter revenue growth of 27.1% year-over-year to $166.28 million. Adjusted EPS improved to $0.56 from $0.39 in 1Q21. Volumes saw a decline of 16.6% Y/Y, reflecting the recent spike in COVID-19 in Asia, several natural disasters that impacted production facilities and customers, and the ongoing…

Bangkok Post

EU insists Russia oil embargo will go ahead

BRUSSELS: The European Union still aims to agree on a phased embargo on Russia oil this month despite concerns about supply in eastern Europe, four diplomats and officials said on Friday, rejecting suggestions of a delay or watering down of proposals.

The Guardian - UK

UK should not fear EU trade war, says Frost as he backs ripping up protocol

Former Brexit minister says UK ‘cannot be defeated’ by Brussels in provocative Telegraph column

The Guardian - UK

DUP condemned for paralysing Stormont as protocol row deepens

‘Stop pandering to the DUP’, prospective first minister Michelle O’Neill to tell Boris Johnson in planned visit on Monday

Asharq Al-Awsat

EU Envoy to Iran Nuclear Talks Detained at German Airport

The European Union’s main representative at the nuclear talks with Iran says he was briefly detained with colleagues at Frankfurt Airport, in breach of diplomatic rules. Enrique Mora of Spain, who has long led the EU delegation at the talks in Vienna, said the incident happened Friday morning as he…

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