BRUSSELS -- The European Union (EU) special summit which aims to decide on the next seven-year budget and a massive recovery fund dragged into the fourth day early Monday with disputes over core issues still unresolved.

European Council President Charles Michel resumed the plenary at dawn after a prolonged midnight break, but only to announce it would reconvene in the afternoon.

The heads of state and government of the EU member states, in their first physical meeting since the COVID-19 outbreak in Europe, seemed resolved to reach a deal despite the arduous negotiations for three days and nights. (EU-Summit-Recovery Plan)

- - - -

MANILA -- The Philippines and the World Bank have signed a 370-million U.S. dollars loan agreement for a project to support Filipino farmers, the country's Department of Finance said on Monday.

The project aims to speed up the process of splitting about 1.4 million hectares of land covered by the Comprehensive Agrarian Reform Program and then providing individual titles to these parcelized lots to some 750,000 farmer-beneficiaries. (Philippines-World Bank-Farmers)

- - - -

BUENOS AIRES -- Agricultural exports to China and other countries will help Argentina's economic recovery in the wake of the COVID-19 pandemic and lockdown, according to Argentine President Alberto Fernandez.

In an interview with the Financial Times, Fernandez said the resumption next year of demand for Argentine grains from countries such as China will help the economy regain its footing after this year's "big fall." (Argentina-China-Economy)

- - - -

LISBON -- The Portuguese Ministry of Environment and Climate Action announced on Sunday that it had received investment proposals for industrial production of hydrogen-based energy totaling 16 billion euros (18.3 billion U.S. dollars).

Minister Joao Pedro Matos Fernandes' office said in a statement that "74 expressions of interest related to investment projects in the hydrogen industrial sector were received in the market consultation process ended on Friday." (Portugal-Economy-Investments) Enditem

Related

Go to Forum >>0 Comment(s)