“This senseless action will have significant, harmful repercussions now and far beyond this perilous moment, particularly as the WHO is leading worldwide vaccine development and drug trials to combat the pandemic,” the American Medical Association said in a statement Friday. … [Read more...] about European Union asks US to reconsider decision to cut ties with WHO
The European Union on Saturday urged President Trump to rethink his decision to cut American funding for the World Health Organization (WHO). Leader worldwide have criticized the Mr. Trump's move as spiking coronavirus infection rates in India and elsewhere served as a reminder the global pandemic is far from contained. … [Read more...] about European Union urges Trump to rethink cutting funding to WHO
Ireland continues to have one of the strongest birthrates in the European Union with 12.5 births per thousand inhabitants, while Italy, with 7.3 births per thousand inhabitants, ranked among the lowest in Europe. Five million children were born in Europe in 2018, down by around 118,000 from the previous year. … [Read more...] about European Population Growth Continues to Be Driven by Mass Migration
Luxembourg Christian Democrat leader Frank Engel said in a telephone interview with The Associated Press he wants the EPP to take a decision ahead of the March 21-22 European Union summit in Brussels “because I have no intention of engaging in an election campaign with Fidesz still on board.” … [Read more...] about Hungary’s Orban faces revolt in EU parliamentary grouping
HONG KONG: Bankers and investors fear China's push to impose national security laws on Hong Kong threaten the city's future as an international financial centre. If it gets to that stage, Beijing's move will come at a cost for China's economy. WHY DOES CHINA NEED HONG KONG AS IT IS? China still has extensive capital controls and often intervenes in its financial markets and banking system. Hong Kong is one of the world's most open economies and one of the biggest channels for equity and debt financing. The size of Hong Kong's economy may only be the equivalent of 2.7% of mainland China's, down from 18.4% in 1997 when it reverted to Chinese rule, but the territory punches above its weight due to world-class financial and legal systems. As a gateway between China and the West, Hong Kong attracts global capital for China more efficiently than its other cities. HOW IS THAT CHANGING? Under the 'one country, two systems' formula agreed as part of Britain's handover of the territory … [Read more...] about How important is Hong Kong to China as a free finance hub?