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Finance

EU members’ defence spending should buy more time for debt cuts -von der Leyen

European Commission President Ursula von der Leyen attends a solemn moment to remember the people killed in Israel, during the ongoing conflict with Hamas, at the European Parliament, in Brussels, Belgium, October 11, 2023. REUTERS/Johanna Geron/File Photo Acquire Licensing RightsBRUSSELS, Nov 30 (Reuters) - A country investing in cross-border EU defence projects should be given more time to cut its public debt under EU fiscal rules, the head of the European Commission said on Thursday.The fiscal rules are under revision and such a change would go beyond what has so...
Banking

EU keeps EastMed gas pipeline on new list of priority projects

MILAN, Nov 28 (Reuters) - The European Commission has maintained a proposed pipeline connecting the gas reserves in the Eastern Mediterranean to Greece via Cyprus and Crete on its new list of Projects of Common Interest (PCI) published on Tuesday.Projects included in the PCI list have access to a fast-track permitting process and special funding.Energy group Edison (EDNn.MI) and Greece's DEPA International Projects are the sponsors of the project through their joint venture IGI Poseidon.The joint venture has still to take a final investment decision (FID) on the pipeline, which...
Banking

Blinken to visit Israel, West Bank, UAE this week to continue Gaza diplomacy

U.S. Secretary of State Antony Blinken disembarks from his airplane upon arrival at Brussels Airport in Brussels, Belgium, on November 27, 2023, as he travels to a NATO foreign ministers' meeting. SAUL LOEB/Pool via REUTERS Acquire Licensing RightsBRUSSELS, Nov 27 (Reuters) - U.S. Secretary of State Antony Blinken will visit Israel, the West Bank and the United Arab Emirates this week, the U.S. State Department said on Monday, as Washington aims to press for more humanitarian aid for Gaza and help secure the release of all hostages kidnapped by Hamas.Blinken...
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