Europost (2689)

  • Climate impacts will cost the world $7.9trn by 2050

    Climate impacts will cost the world $7.9trn by 2050

    Climate change could cost the world economy $7.9trn by mid-century as increased drought, flooding and crop failures hamper growth and threaten infrastructure, new analysis showed Wednesday. The conclusions are part of Economist Intelligence Unit's (EIU) Climate Change Resilience Index, which measured the preparedness of the world's 82 largest economies.

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  • Bosnia names Serb as prime minister

    Bosnia names Serb as prime minister

    Bosnia named Serb economist and former finance minister Zoran Tegeltija as prime minister on Tuesday after a compromise between its Serb, Croat and Muslim co-presidents on submitting annual reform plans to NATO was finally achieved, ending a 13-month deadlock between opponents and supporters of integration with the West.

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  • Germany pledges more investment for African nations pursuing reforms

    Germany pledges more investment for African nations pursuing reforms

    Chancellor Angela Merkel encouraged African countries to engage in political, financial and tax reforms on Tuesday, vowing that greater transparency would lead to increased German investment. Speaking at an investors' conference in Berlin being held under the auspices of the Compact with Africa initiative of the G20, Merkel said Africa's more than 50 countries had a major role to play in solving global problems.

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  • Poland eyes further judicial overhaul to strengthen state

    Poland eyes further judicial overhaul to strengthen state

    Polish PM Mateusz Morawiecki set out last Tuesday government's plans to further deepen the justice system overhaul and strengthen the state's role in the economy, which may put Warsaw on a collision course with the EU, news wires reported. “Neoliberals have fueled a sense of confusion in our value system. Many people were led to believe that the state is a ball and chain,” he said in a policy speech in parliament.

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  • New Commission set for being voted on

    New Commission set for being voted on

    The new European Commission is set to be voted on next week by Parliament after last Monday Hungary's commissioner-designate Oliver Varhelyi was finally approved by European parliament's foreign affairs committee. But there is still an obstacle, and Parliament has to agree to vote the Ursula von der Leyen-led Commission without a UK commissioner. Britain denies to name a commission before snap elections to be held on 12 December.

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  • Tata Steel plans to cut jobs in its European factories

    Tata Steel plans to cut jobs in its European factories

    Tata Steel plans to cut jobs across its European operations in attempt to tackle excess supply and high costs, the company said last Monday cited by news wires. Tata's European business employs around 20,000 people. So far, no layout numbers have been made public. In an emailed statement, Tata said challenging market conditions had been made “worse by the use of Europe as a dumping ground for the world's excess capacity”.

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  • Agreement on EU budget for 2020 reached

    Agreement on EU budget for 2020 reached

    The three EU institutions on Monday agreed on the EU's budget for 2020, the European Commission's Press service reported. Gunther H. Oettinger, Commissioner for Budget and Human Resources, pointed out that the 2020 EU budget will help create jobs, address climate change, and leverage investments all over Europe.

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  • US, EU express solidarity with protesters in Georgia

    US, EU express solidarity with protesters in Georgia

    The United States and European Union expressed solidarity on Monday with Georgia’s anti-government protesters who took to the streets after the ruling party backtracked on promises of electoral reforms, news wires reported. In the biggest anti-government protest in years, more than 20,000 demonstrators rallied on Sunday outside the parliament building in the capital Tbilisi urging the government to resign and calling for new legislative elections.

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