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President of the European Central Bank, Mario Draghi, noted the importance of creating a fund in the euro area that would allow euro zone states to resist future crises, Bloomberg reports. Speaking at the event in Florence, he said: 'The goal of creating this fund will be to provide an additional level of stabilization, which will strengthen the confidence in the policy pursued by the euro area states”. The need to create a joint budget mechanism for strengthening unity in economic and monetary policy has long been recognized by European leaders. At the EU summit in June, measures will be discussed to strengthen European institutions, including the creation of a European bank deposit insurance system. However, experts believe that differences of opinion between Germany and France will not allow European leaders to agree on reforms.
Britain on Wednesday signed a supply deal for up to 60 million doses of a possible COVID-19 vaccine that is being developed by pharmaceutical companies GlaxoSmithKline (GSK) and Sanofi. The financial details of the agreement were not disclosed. However, ...
Financial markets saw record heights earlier on Friday, with the Euro continuing its 21-month gain streak and gold prices hitting its highest level amid a weakened Dollar. The Euro soared above the Dollar by 1.7%, trading at $1.1616 for the ...
The self-driving car company Waymo LLC and Fiat Chrysler Automobiles NV (FCHA.MI) signed a partnership deal on Wednesday to fully develop self-driving cars, pickups, and SUVs. Waymo, an Alphabet Inc. (GOOGL.O) unit, and Fiat Chrysler said ...
On Tuesday, Ebay Inc. (EBAY.O) announced that it had reached a deal to sell off its classified ads business unit to Adevinta ASA (AD5B), a Norway-based classified ads publisher owned by Danish media company Schibsted (SBSTA.OL). The classified ...
The Dollar fell on Tuesday, with the Euro and the British Pound Sterling gaining strength on the back of news that European Union leaders have agreed to roll out additional recovery funds in the region. New hopes for a potential COVID-19 vaccine ...
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