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EU sanctions on Russian, Chinese 'cyber attackers'

EU sanctions on Russian, Chinese 'cyber attackers' EU sanctions on Russian, Chinese 'cyber attackers'
The European Union imposed its first ever sanctions against alleged cyber attackers on Thursday, targeting Russian and Chinese individuals...
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'Alarm' at Poland's plan to leave treaty protecting women

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The EU and the Council of Europe on Sunday voiced regret and alarm over the Polish right-wing government's move to withdraw from a landmark...
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EU, UK warn of big differences as Brexit talks head to London

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A round of intensified Brexit talks ended on Thursday with both sides warning of big remaining differences but committing to more negotiations...
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EU racism pledge clouded by 'blackface' controversy

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A pledge by the EU to make its 30,000 strong civil service more diverse was overshadowed on Wednesday by the blackface-wearing past of its...
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US top court in landmark ruling to protect LGBT workers

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The US Supreme Court delivered a landmark victory for the gay and transgender communities Monday when it ruled that employers cannot discriminate...
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EU must play global role in virus crisis, says Merkel

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German Chancellor Angela Merkel on Wednesday said the European Union should take more global responsibility in the coronavirus crisis, especially...
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EU needs 'more robust' China strategy: Foreign policy chief

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The European Union must adopt a "more robust" strategy to deal with an increasingly assertive China, the bloc's foreign policy chief said Monday...
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IMF approves $2.77 bn emergency virus loan for Egypt

IMF approves $2.77 bn emergency virus loan for Egypt IMF approves $2.77 bn emergency virus loan for Egypt
The IMF board approved $2.77 billion in emergency aid for Egypt on Monday, to help the country deal with the impact of the coronavirus pandemic,...
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EU to reassure Balkan hopefuls they are not forgotten

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With the coronavirus crisis hardening Europe's borders and draining the continent's resources, Brussels is trying to reassure its Balkan neighbours...
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Latest News

EU sanctions on Russian, Chinese 'cyber attackers'

EU sanctions on Russian, Chinese 'cyber attackers' EU sanctions on Russian, Chinese 'cyber attackers'
The European Union imposed its first ever sanctions against alleged cyber attackers on Thursday, targeting Russian and Chinese individuals...
Read More...

'Alarm' at Poland's plan to leave treaty protecting women

'Alarm' at Poland's plan to leave treaty protecting women 'Alarm' at Poland's plan to leave treaty protecting women
The EU and the Council of Europe on Sunday voiced regret and alarm over the Polish right-wing government's move to withdraw from a landmark...
Read More...

EU, UK warn of big differences as Brexit talks head to London

EU, UK warn of big differences as Brexit talks head to London EU, UK warn of big differences as Brexit talks head to London
A round of intensified Brexit talks ended on Thursday with both sides warning of big remaining differences but committing to more negotiations...
Read More...

EU racism pledge clouded by 'blackface' controversy

EU racism pledge clouded by 'blackface' controversy EU racism pledge clouded by 'blackface' controversy
A pledge by the EU to make its 30,000 strong civil service more diverse was overshadowed on Wednesday by the blackface-wearing past of its...
Read More...

US top court in landmark ruling to protect LGBT workers

US top court in landmark ruling to protect LGBT workers US top court in landmark ruling to protect LGBT workers
The US Supreme Court delivered a landmark victory for the gay and transgender communities Monday when it ruled that employers cannot discriminate...
Read More...

EU must play global role in virus crisis, says Merkel

EU must play global role in virus crisis, says Merkel EU must play global role in virus crisis, says Merkel
German Chancellor Angela Merkel on Wednesday said the European Union should take more global responsibility in the coronavirus crisis, especially...
Read More...

EU needs 'more robust' China strategy: Foreign policy chief

EU needs 'more robust' China strategy: Foreign policy chief EU needs 'more robust' China strategy: Foreign policy chief
The European Union must adopt a "more robust" strategy to deal with an increasingly assertive China, the bloc's foreign policy chief said Monday...
Read More...

IMF approves $2.77 bn emergency virus loan for Egypt

IMF approves $2.77 bn emergency virus loan for Egypt IMF approves $2.77 bn emergency virus loan for Egypt
The IMF board approved $2.77 billion in emergency aid for Egypt on Monday, to help the country deal with the impact of the coronavirus pandemic,...
Read More...

EU to reassure Balkan hopefuls they are not forgotten

EU to reassure Balkan hopefuls they are not forgotten EU to reassure Balkan hopefuls they are not forgotten
With the coronavirus crisis hardening Europe's borders and draining the continent's resources, Brussels is trying to reassure its Balkan neighbours...
Read More...

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The IMF board approved $2.77 billion in emergency aid for Egypt on Monday, to help the country deal with the impact of the coronavirus pandemic, but said the government will

need more financial help.

The country had seen a "remarkable turnaround" prior to the COVID-19 shock, under a fund-supported economic reform program, but that progress is now threatened, the IMF said in a statement.

The emergency funding will help finance "targeted and temporary spending, aimed at containing and mitigating the economic impact of the pandemic," First Deputy Managing Director Geoffrey Okamoto said.

However, he cautioned that Cairo will need "additional expeditious support from multilateral and bilateral creditors ... to close the remaining balance of payments gap, ease the adjustment burden, and preserve Egypt's hard-won macroeconomic stability."

The emergency funds come from the Washington-based crisis lender's Rapid Financing Instrument, which has been ramped up to get aid quickly to developing nations most vulnerable to the economic effects of shutdowns to contain the outbreak.

IMF Managing Director Kristina Georgieva said the fund has received over 100 requests for aid from its members, and that developing countries will need about $2.5 trillion to deal with the impacts of the pandemic. Last week the fund said it had approved 50 such loans.

Egypt has suffered over 500 COVID-19 fatalities with nearly 10,000 cases, according to John's Hopkins University's tally.

The country has gradually started to reopen after President Abdel Fattah al-Sisi's government has loosened a strict curfew for the Muslim holy month of Ramadan in an effort to kickstart North Africa's largest economy.

Having shuttered shops and cafes in late March and forced millions of civil servants to stay home, it is slowly reversing some of these measures, bringing back many state workers and extending the trading hours of shops and malls.AFP

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