EC approves Italian aid scheme worth €10bn

Belgium, (Brussels Morning Newspaper) The European Commission approved Italy’s aid scheme worth 10 billion euro to support companies affected by the crisis. The EC noted in a statement on Tuesday that it approved the loan guarantee scheme under the state aid Temporary Crisis Framework, stressing that the EU economy is facing a crisis. Margrethe Vestager, […]

Continue Reading

MEP Beer pledges support for Taiwan

Belgium, (Brussels Morning Newspaper) German MEP Nicola Beer pledged support for Taiwan to officials in Taipei during her visit on Tuesday. She stressed that the EU and Taiwan have to cooperate as members of a “family of democracies,” according to DW reporting. “Taiwan’s bloom is also Europe’s bloom… we won’t turn a blind eye to […]

Continue Reading

EC proposes mandatory gas consumption cuts

Belgium, (Brussels Morning Newspaper) The EC is to propose mandatory gas consumption cuts to avoid potential deepening of the energy crisis in winter. In the draft document, the Commission warned that Russia could cut natural gas supplies further and added that EU member states could face shortages if they do not implement cuts, according to […]

Continue Reading

France offers nearly €10bn to take over EDF

Belgium, (Brussels Morning Newspaper) The French government has offered roughly 9.7 billion euro to take full control of EDF power utility. The move will allow the government to run one of the largest power utilities in Europe as it sees fit, which will help it to contend with the energy crisis, according to Reuters reporting […]

Continue Reading

Climate extremes costing Germany billions of euros

Belgium (Brussels Morning Newspaper) Extreme weather conditions as a consequence of global climate crisis are taking a serious and tangible financial toll on Germany, measured in tens of billions of euros, according to a study released on Monday. In a first study of its kind, economic analysis firm Prognos estimated that climate crisis consequences had […]

Continue Reading

The DeSantis Dilemma

The USA, (Brussels Morning Newspaper) In recent weeks, Ron DeSantis has not only consolidated his lead among the potential non-Trump candidates for the Republican nomination in 2024, but has begun to emerge as a strong potential challenger to Donald Trump for that nomination. Because of DeSantis’s popularity, for the first time in over seven year, […]

Continue Reading

EC approves 41 hydrogen projects

Belgium, (Brussels Morning Newspaper) The European Commission has approved IPCEI Hy2Tech – a package of 41 hydrogen projects in 15 EU member states. Margrethe Vestager, European Commissioner for Competition, pointed out that “IPCEI Hy2Tech is the first Important Project of Common European Interest in the hydrogen sector,” the EC noted in a statement on Friday. […]

Continue Reading