BERLIN (Reuters) – German Economy Minister Peter Altmaier said on Friday it was unclear how the summit of the Group of Seven rich nations would end amid rising trade tensions with the United States, but it was clearly more difficult than in previous years. “We have a serious situation, not just since last night or this morning, but rather the entire last weeks,” Altmaier told broadcaster ZDF. He said it was important for Europe to remain unified, especially since domestic debate was continuing in the United States about punitive sanctions imposed by U.S. President Donald Trump. The European Union would impose tariffs of its own if it was forced to do so, Altmaier said, adding that Europe remained committed to continuing the dialogue with the United States. (Reporting by Andrea Shalal; Editing by Michelle Martin) … [Read more...] about Germany’s Altmaier urges European unity in face of trade tensions with U.S.
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Britain remains top European hub for tech investors
LONDON (Reuters) – Britain remains the leading European destination for international tech investors, with UK tech companies attracting almost three times more venture capital investment than any other European country over the past two years, according to a study on Friday. London tech firms are contributing to the growth of the nation’s digital economy, accounting for over 80 percent of all venture capital money invested into the UK since the 2016 EU referendum vote, it added. Since the decision to leave the EU, according to figures from London & Partners, British tech companies have received over 5 billion pounds in venture capital funding – more than France (1.55 billion pounds), Germany (2.15 billion) and Sweden (644 million) combined. Major US companies including Amazon.com, Facebook and Google have increased their operations in Britain since the referendum. London & Partners is the Mayor of London Sadiq Khan’s official promotional agency. It said … [Read more...] about Britain remains top European hub for tech investors
Trump Exaggerates Trade Deficit With European Union by $50 Billion
Sections SEARCH Skip to content Skip to site index Politics Subscribe Log In Subscribe Log In Advertisement Supported by Fact Check of the Day The president claimed that the European Union had a $151 billion trade surplus with the United States. It’s $101 billion. ByLinda Qiu June 7, 2018 WHAT WAS SAID Please tell Prime Minister Trudeau and President Macron that they are charging the U.S. massive tariffs and create non-monetary barriers. The EU trade surplus with the U.S. is $151 Billion, and Canada keeps our farmers and others out. Look forward to seeing them tomorrow.— Donald J. Trump (@realDonaldTrump) June 7, 2018 THE FACTS This is exaggerated. Mr. Trump’s numbers are off. The European Union had a $153 billion trade surplus in goods with the United States in 2017 and a total trade surplus of $101 billion when trade in services is included. This means that the European Union exported more goods to the … [Read more...] about Trump Exaggerates Trade Deficit With European Union by $50 Billion
Member States Must Give Residency Rights To Same-Sex Spouses Even If They Don’t Recognize Same Sex Marriages: European Court of Justice [Read Judgment]
Share Tweet Plus One Pin It Email Print By: Apoorva Mandhani June 7, 2018 7:53 pm Change Font Size In a landmark ruling for LGBT rights in Europe, the European Court of Justice has directed all member countries to recognize the residency rights of same-sex spouses, even if the country does not allow same-sex marriages. It ruled, “…in a situation in which a Union citizen has made use of his freedom of movement by moving to and taking up genuine residence, in accordance with the conditions laid down in Article 7(1) of Directive 2004/38, in a Member State other than that of which he is a national, and, whilst there, has created and strengthened a family life with a third-country national of the same sex to whom he is joined by a marriage lawfully concluded in the host Member State, Article 21(1) TFEU must be interpreted as precluding the competent authorities of the Member State of which the Union citizen is a national from refusing to … [Read more...] about Member States Must Give Residency Rights To Same-Sex Spouses Even If They Don’t Recognize Same Sex Marriages: European Court of Justice [Read Judgment]
Putin calls for new European defence system
News / World by Press Association 07/06/2018, 1:09 pm FacebookTwitterWhatsAppEmail Send us a story Sign up to our Daily newsletter Russian President Vladimir Putin has called for the building of a new system of European security. Mr Putin accused the US of “trying to upset strategic parity” and said this should prompt other countries to get together to work out a new system of European security. Responding to a question about a possible third world war, Mr Putin said during his annual call-in show that the idea of a nuclear war should ward off such a conflict. The president said he believes other countries wrongly regard Russia as a threat and that mistaken concept could end if they see that the economic sanctions the West has put on Russia do not serve their interests. Russia has been hit with sanctions by the United States and the West over its 2014 annexation of Crimea, its support for separatist rebels in Ukraine’s east and its alleged … [Read more...] about Putin calls for new European defence system