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Germany waters down plan to legalise cannabis after talks with Brussels
The German government on Wednesday watered down plans to legalise cannabis, presenting legislation that would allow private cultivation and distribution through non-profit groups but...
IMF cuts Romania’s 2023 GDP growth forecast to 2.4%
The International Monetary Fund (IMF) said that it expects Romania’s economy to expand by 2.4% in 2023, revising downwards its October forecast for 3.1%...
Euro area faces risk of entrenched inflation says Villeroy
The euro area faces a risk of entrenched inflation that the European Central Bank is determined to combat by keeping interest rates high for...
Iran in secret talks with China, Russia to acquire sanctioned missile fuel
China and Russia are in advanced secret talks with Iran to replenish the Islamic Republic’s supply of a key chemical compound used to propel...
Italy declares state of emergency amid migration influx
Italy declared a nationwide state of emergency on Tuesday for the next six months following the exceptional increase in migrants continuously arriving via the...
IMF warns deeper financial turmoil would slam global growth
The International Monetary Fund on Tuesday trimmed its 2023 global growth outlook slightly as higher interest rates cool activity but warned that a severe...
Romania aims to buy F-35 fighter planes to boost air defences
Romania aims to buy the latest generation U.S. F-35 fighter planes to boost its air defences, the country's supreme defence council (CSAT) said in...
Austria to extend checks at Hungarian, Slovenian borders
Austria plans to extend checks at its borders with Slovenia and Hungary by another six months from May 11, when the current six-month suspension...
Polish leader heads to US to further strengthen defense ties
Poland’s Prime Minister Mateusz Morawiecki flew Tuesday to the United States for meetings aimed at strengthening the economic and defense cooperation of the two...
Macron takes pitch for EU power to the Hague as backlash builds
French President Emmanuel Macron’s latest attempt to cast the European Union as a balancing power between the US and China will be tested this...