European union

The commission previously announced preliminary plans to secure hundreds of millions of doses of vaccines being developed by the likes of Johnson & Johnson, AstraZeneca Plc with the University of Oxford, Sanofi and partner GlaxoSmithKline Plc, as well as CureVac NV. … [Read more...] about Moderna plans to supply 80 million doses of Covid vaccine to European Union

The pan-European STOXX 600 index slipped 0.5 per cent by 0708 GMT, but held near its early March highs, while eurozone stocks were down 0.6 per cent.Automakers and banks led the declines, falling 2.5 per cent and 1.8 per cent, respectively.Equity markets have bounced strongly this week, with Wall Street's tech-heavy Nasdaq nearing record levels as signs of recovery from a coronavirus-forced recession, optimism over a COVID-19 vaccine and hopes of more stimulus boosted risk appetite.Investors expect the ECB to upsize bond purchases by 500 billion euros ($560.25 billion), but the only question is whether it will act on Thursday or hold out until July as a deal on European Union-wide fiscal support strengthens the case for patience.Meanwhile, Germany's coalition parties agreed a 130-billion-euros stimulus package to speed up a recovery from the coronavirus on Wednesday, but shares in Daimler, BMW and Volkswagen slid between 2.6 per cent and 4.5 per cent as the packaged favoured electric … [Read more...] about European shares inch lower ahead of ECB meeting, carmakers drag

Passenger car sales fell in Europe's major markets in February, data showed on Wednesday, as weakening global economy, higher vehicle taxes and the coronavirus outbreak weighed on consumers' appetite for new cars.In February, new car registrations dropped 7.2% to 1.067 million vehicles in the European Union, Britain and the European Free Trade Association (EFTA) countries, statistics by the European Auto Industry Association (ACEA) showed.Sales fell for the second consecutive month in EU's major markets, with Italy dropping 8.8%, Germany 10.8%, France 2.7% and Spain 6% in February.Volkswagen's sales were down 4.4% in February, while Renault and PSA Group posted a drop of 14.3% and 8.5%, respectively. BMW continued to be among the few automakers reporting an increase in European sales last month, rising 2.1%, while demand for rival Daimler fell 11.9%.The drop comes as Europe is grappling with the coronavirus pandemic and Italy becoming the worst-hit country outside of China.Major … [Read more...] about European new car sales down 7.2% in February

the European Union (EU) caravan and truck trailer market. In a regulatory filing, Steel Strips Wheels Ltd (SSWL) informed stock exchanges that the new export orders worth over EUR 1,43,000 from Europe will be executed in August and September from its Chennai plant. It said similar orders are expected in times to come from other regular customers as the market regains normalcy. This will support further ramping up of production at Chennai steel wheels plant, the company added. Earlier this week, Steel Strips Wheels had received orders worth over USD 2,37,000 (about Rs 1.77 crore) for the US truck and caravan trailer market. Last month, Steel Strips Wheels had said it will clock a revenue of more than Rs 325 crore in the current fiscal year with sale of over 10 lakh alloy wheels, based on current orders. This will represent over 300 per cent growth over last financial year. Also read: Steel Strips Wheels bags orders worth $237,000 from US … [Read more...] about Steel Strips Wheels bags order worth over EUR 1,43,000 from EU

"TikTok does not behave suspiciously and does not filter unusual data. It's quite common in the app world for apps to obtain data from the user's device, and we would get similar results with codes of Facebook, Snapchat, Instagram and others," Robert was quoted by Belgian newspaper L'Echo as saying. … [Read more...] about Xinhua Headlines: Europeans slam U.S. protectionism behind TikTok ban