'No deal' would be a huge test of the EU’s ability to manage crises. It would also mean tariffs on $621 billion of annual goods flows & potential delays from customs checks.
If no agreement is reached, it would be a hammer blow for both sides as decades of free movement of goods, services and capital would come to an abrupt end.
French President Emmanuel Macron & Belgian PM Alexander De Croo both called on their colleagues to make contingency plans in case talks to sign a trade and security agreement fail.
In an interview, Macron said that EU leaders mustn’t let the defeat of Donald Trump persuade them that they can return to relying on the US to underwrite European security.
Regulators say the use of non-public marketplace seller data allows Amazon to avoid the normal risks of retail competition and allows it to abuse a dominant position.
Russia said it will retaliate against European Union's asset freezes and travel bans with reciprocal sanctions, the latest in a series of EU-Russia disputes.
The deadlock continues with the British government deriding the EU for its stance on fisheries and the EU calling for the UK to cede ground in other key areas such as business subsidies.
Tightening foreign-investment rules, coordinating response to China & challenging Russia over poisoning of Alexei Navalny are telling examples of Germany's power.
FM adds that AI-assisted technologies should be adopted in all districts to bring development & highlights importance of collaborative ecosystems in tech innovation.
To be truly functional and durable, even eternal, a state doesn’t just need a leader, a party or an ideology. It needs functional and robust institutions.
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