Check against delivery! Ambassadors, ladies and gentlemen, 1.  The 2021 geopolitical landscape I am pleased to speak to you today about the role of the EU on the maintenance of international peace and security. We live in a world where the demand for multilateral solutions is greater than the supply. We see more divisions, more free-riding and more distrust than the world can afford. Rules-based multilateralism is a term that’s perhaps well understood at the UN and in Brussels. Maybe it is not a simple,...

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As many companies shift to an in-person workplace, you and your employees face the opportunities and challenges of the new new normal. Today is the first in a five-part Back to Business blog series to help ease the transition back to the office, including steps you can take to reduce the risk that COVID scammers, data thieves, and financial fraudsters will follow you there. One consideration for companies: assuring you’re in control of sensitive information. Here are some tips on maintaining appropriate data...

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Main results Charles Michel, President of the European Council, and Ursula von der Leyen, President of the European Commission, represented the EU at this year’s G7 summit hosted in Carbis Bay, Cornwall. During the three-day meeting the G7 leaders discussed a wide range of pressing topics, including COVID-19, pandemic preparedness and economic recovery; geopolitical challenges and foreign affairs; trade and development; promoting open societies and democratic values; and fighting climate change and protecting the environment. The summit took place under the UK...

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Today, the Commission launched 11 new European Partnerships together with industry, to boost investments in research and innovation and to overcome major climate and sustainability challenges, towards making Europe the first climate neutral economy and delivering on the European Green Deal. In line with the goals of the ‘twin' green and digital transition, the Partnerships will also deliver on the EU's digital ambitions for the next decade, Europe's Digital Decade. They will receive over €8 billion from Horizon Europe, the new EU...

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Patent waiver will enhance global access to affordable COVID-19 vaccines Voluntary licensing, transfer of know-how and technology key to ramping up global production in long term Call on US and UK to abolish export ban on vaccines and raw materials More support for global vaccine distribution mechanism COVAX To accelerate global vaccine rollout, MEPs demand the temporary lifting of intellectual property rights protection for COVID-19 vaccines. In a resolution adopted with 355 votes in favour, 263 against and 71 abstentions,...

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As economies reopen in various parts of the world, the price of some commodities has soared, including the prices of prominent industrial metals. The extent to which the metals price rally may lose steam depends on how multiple factors will play out. As our latest chart of the week shows, metals prices have increased by 72 percent relative to their pre-pandemic levels—reaching a nine-year high in May (in inflation adjusted terms). The increase has been broad-based across industrial metals—copper is...

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Producing and consuming more goods and services for the same amount of work sounds too good to be true. In fact, it’s entirely possible. Higher productivity is one of the key ingredients to higher economic growth and incomes. It’s all about how workers become more productive. For many of us, the COVID-19 pandemic has changed the way we work and spend. The question is how these changes will affect our productivity, both now and into the future. 'The pandemic accelerated the...

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EU Digital COVID Certificate will make travel in the EU easier from 1 July 2021. All EU member states will accept the certificates proving vaccination, negative test result or recovery from a COVID infection. It should facilitate free movement and contribute to restrictions being lifted gradually in a coordinated manner. It should apply from 1 July 2021 and be in place for 12 months. Affordable and accessible testing is encouraged: €100 million in EU funds to purchase tests. MEPs completed...

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The Commission has today proposed an annual EU budget of €167.8 billion for 2022, to be complemented by an estimated €143.5 billion in grants under NextGenerationEU. Their combined firepower will mobilise significant investments to boost the economic recovery, safeguard sustainability, and create jobs. It will prioritise green and digital spending in order to make Europe more resilient and fit for the future. Commissioner Johannes Hahn, responsible for the EU Budget, said: “Today, we are putting forward unprecedented levels of financial support to...

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HM Treasury | 5 June 2021, London, United Kingdom We, the Finance Ministers and Central Bank Governors of the G7, met virtually on 28 May 2021, and Finance Ministers met in London on 4-5 June 2021, joined by the Heads of the International Monetary Fund (IMF), World Bank Group, Organisation for Economic Cooperation and Development (OECD), Eurogroup, and (on 28 May) Financial Stability Board (FSB). We agreed concrete actions to address today’s historic challenges and as part of our renewed...

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