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ROMETrade between China and Italy has not improved as expected since Rome joined China-sponsored Belt and Road Initiative in 2019, the Italian foreign minister said Saturday.“If we analyze it, it did not bring the results we expected,” Antonio Tajani said at the European House – Ambrosetti, an annual international economic forum, in Cernobbio, northern Italy, ahead of leaving for China Saturday afternoon for a three-day diplomatic mission.​​​​​​​He said last year’s trade figures between the two countries are lower than those between China and France and China and Germany.Italy signed the...

WARSAWPoland and the European Commission should arrive at an agreement that would unblock withheld EU funds soon, according to a senior official from the bloc.“I hope that a general agreement on the remaining issues will be reached very soon. So, we can have normal functioning cohesion funding,” Elisa Ferreira, EU commissioner for cohesion and reforms, told Anadolu.The EU blocked €35.4 billion ($39 billion) in coronavirus recovery funds in a spat over allegations Poland has broken the bloc's rule of law stipulations. In 2022, it set milestones on judicial independence and...

LONDON Around 7.5 million households in Britain are projected to see their repayments rise by 2026, with annual mortgage repayments projected to increase by £15.8 billion ($20.2 billion) by 2026 due to rising interest rates, a recent study conducted by the Resolution Foundation revealed. The research said it is now anticipated that interest rates will reach their peak in mid-2024, nearing 6%, indicating the likelihood of five additional quarter-point rate increases."Market expectations that interest rates are going to rise even higher, and stay higher for longer, are having a major effect on...

SARAJEVO, Bosnia and HerzegovinaHousing costs in the European Union are causing despair, anxiety, and financial burdens, with many young people unable to leave their homes, according to a new report from an EU agency.Renters in the private market are the most affected, but other types of housing tenure are impacted as well, said Eurofound, which works to assist in the development of social, employment, and work-related policies.Policy actions in line with the European Pillar of Social Rights – a set of documents containing 20 key principles and rights aimed at...