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The Latest Breaking News from European Commission

EU Says Final Decision Yet To Be Taken On Terminating Valneva COVID-19 Vaccine Deal

The European Commission said that no final decision had been made about the possible termination of a contract with Valneva SE (NASDAQ: VALN) to supply its COVID-19 vaccine to the European Union.

Benzinga

EU counterparts push Hungary on Russia oil ban

Brussels (AFP) - EU foreign ministers pressed Hungary on Monday to drop resistance to a proposed oil embargo to punish Russia for its invasion of Ukraine, as Budapest put a 15 billion euro price tag on making the move.

AFP

Why Valneva's Shares Are Plunging Today Premarket

Valneva SE (NASDAQ:VALN) warned it might have to reconsider its FY22 financial guidance after the European Commission informed the company of its intent to terminate an advance purchase agreement (APA) for its VLA2001 COVID-19 candidate vaccine. In November, the company signed the APA with the European Commission to supply up to 60 million doses of…

Benzinga

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EU growth forecast cut as war in Ukraine fuels inflation

European Commission downgrades growth prospects from 4% to 2.7%, while economy slows rapidly in China

The Guardian - UK

EU, U.S. raise cooperation to counter Ukraine war disruption

The European Union and the United States agreed on Monday to cooperate more closely to counter disrupted supply of industrial commodities and food caused by Russia's invasion of Ukraine and to combat disinformation from Moscow.

Reuters

Hungary still has no acceptable proposal from EU on Russia oil sanctions -minister

Hungary has not received any new serious proposal from the European Commission regarding oil sanctions on Russia since a visit of the Commission president to Budapest earlier this month, Hungary's foreign minister said on Monday on his Facebook page.

Reuters

Belfast council supports calls for NI to vote in EU elections again

Academics at City Hall point to Turkish Cypriot model

Belfast Live

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EU to offer Ukraine new loans to plug immediate needs

The European Commission is set to propose on Wednesday a new package of financial aid to Ukraine including new loans to provide immediate liquidity to Kyiv and commitments for the long-term financing of the country's reconstruction, officials said.

Reuters

EU’s Russia Sanctions Effort Slows over Oil Dependency

The European Union’s efforts to impose a new round of sanctions against Russia over the war in Ukraine appeared to be bogged down on Monday, as a small group of countries opposed a ban on imports of Russian oil. Since Russia invaded on Feb. 24, the bloc has implemented five…

Asharq Al-Awsat

EU's Russia sanctions effort slows over oil dependency

The European Union's efforts to impose new sanctions on Russia over the war in Ukraine appear bogged down

The Independent UK

Former Brexit minister rejects protocol claim levelled by Irish premier

Lord Frost said Micheal Martin was ‘simply wrong’.

The Independent UK

Europe’s growth forecast cut as Ukraine war drives up inflation; diesel price hits record – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Former Brexit minister rejects protocol claim levelled by Irish premier

Lord Frost said Micheal Martin was ‘simply wrong’

The Independent UK

Spain signs off on plans to temper volatile energy prices

The Spanish government has approved a new plan aimed at reining in soaring energy prices

The Independent UK

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Al Jazeera

Russia-Ukraine war: List of key events, day 79

As the Russia-Ukraine war enters its 79th day, we take a look at the main developments.

WEKU

White House summit leads to big promises to fight COVID in needy countries

The second Global COVID-19 Summit aimed to refocus the world's attention on the pandemic. Here's what governments and members of the private and public sector pledged to do.

The Guardian - UK

Planned EU rules to protect children online are attack on privacy, warn critics

Encrypted messaging apps could be threatened by requirement for platforms to search for and combat child sexual abuse

The Independent UK

PM says protocol causing ‘real problems’ in Northern Ireland and must be ‘fixed’

Boris Johnson said the DUP would not join a powersharing agreement until changes have been made to the Brexit treaty.

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The Independent UK

Foreign Office finally updates passport advice after passengers to EU wrongly turned away

Exclusive: Wording changed after The Independent revealed passengers were denied boarding by mistake

The Independent UK

EU plan aims to help get wheat from Ukraine to the world

The European Commission is proposing to help Ukraine move its critical grain supplies to parts of the world at risk of food insecurity

Reuters

EU moves to help Ukraine export grain as Russia blocks sea routes

The European Commission said on Thursday it would work with EU governments to help Ukraine export millions of tonnes of grain stuck in the country because the Russian navy is blocking Ukrainian ports.

Daily Mirror

EU issues furious rebuke as UK ramps up threat to rip up Brexit deal in Northern Ireland

Foreign Secretary Liz Truss has warned Brussels that Britain may have "no choice" but to suspend the NI Protocol - but Maros Sefcovic has said it is "simply not acceptable"

AFP

UK will act unless N.Ireland Brexit deal is changed: FM Truss

London (AFP) - The UK will have "no choice but to act" unless the European Union agrees to change post-Brexit trading arrangements in Northern Ireland, Foreign Secretary Liz Truss said on Thursday.

The Conversation

Elon Musk could roll back social media moderation – just as we're learning how it can stop misinformation

The US$44 billion (£36 billion) purchase of Twitter by “free speech absolutist” Elon Musk has many people worried. The concern is the site will start moderating content less and spreading misinformation more, especially after his announcement that he would reverse the former US president Donald Trump’s ban.

The Independent UK

DUP adopts ‘wait-and-see’ approach to UK action on Northern Ireland Protocol

Foreign Secretary Liz Truss is to hold crunch talks with the vice-president of the European Commission Maros Sefcovic on Thursday.

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