Europe

India becomes 69th shareholder of EBRD

India has been formally announced as the 69th shareholder of the European Bank for Reconstruction and Development (EBRD). India has only taken a shareholding in EBRD but it will not be a recipient of EBRD financing. London-headquartered EBRD is a multilateral development bank set up in 1991 after the fall of the Berlin Wall to promote private & entrepreneurial initiative in emerging Europe.

UK’s Brexit minister resigns

Britain’s Brexit minister David Davis has resigned from the Cabinet stating policy differences over PM Theresa May’s exit plan from the European Union. It is a blow to May as she seeks to win over Eurosceptic MPs to her proposed Brexit vision, which would form the basis of UK’s position in ongoing talks with EU. Junior minister for housing Dominic Raab will be Britain’s new Brexit minister.

British Queen approves Brexit law

Britain’s Queen Elizabeth granted royal assent to Prime Minister Theresa May’s Brexit legislation on 26th June. The debate over the legislation will formally end the country’s European Union membership. The E.U. (Withdrawal) Bill would repeal the 1972 European Communities Act through which Britain had become a member of EU. The Brexit day in British law slated as March 29, 2019.

Sushma Swaraj on a 7 day tour to 4 Countries

External Affairs Minister Sushma Swaraj is on a 7 day tour of 4 European countries – Italy, France, Luxembourg and Belgium, which is aimed to strengthen trade ties and revamp pending EU-India free trade pact. During her visit she would celebrate 20th anniversary for India – French Partnership. She would also be the 1st ever external affairs minister to visit Luxembourg.

India to host European Union Film Festival

The European Union Film Festival will premiere in New Delhi on 18th June, 2018. With a selection of 24 latest European films from 23 EU Member States, this years’ film festival will bring some unusual stories for the world cinema enthusiasts. The European Union Film Festival is organized by Directorate of Film Festivals, Ministry of Information and Broadcasting, Government of India and EU.

EU pledges 20 mn euros to ease Jordan

European Union announced 20 million euros (USD 23.5 million) in aid for Jordan following a wave of anti-austerity protests that led to the prime minister’s resignation. Cash-strapped Jordan is struggling to rein in its debt after securing a USD 723-million loan from the International Monetary Fund in 2016. The World Bank says Jordan has “weak growth prospects” in 2018.

World first EPR nuclear reactor begins

A third generation EPR reactor in China carried out its first nuclear chain reaction, an initial start up which is a world first for the much-delayed European technology. The European Pressurised Reactor (EPR) in China “carried out its first chain and therefore it has started. The reactor is not expected to be completed until the mid 2020s.

EU to observe Zimbabwe polls for first time

The European Union will deploy observers to Zimbabwe’s general election expected in July, the first time in 16 years the bloc will monitor polls in the southern African country. The EU and Zimbabwe’s government signed a memorandum outlining guidelines for election monitors. Zimbabwe formally invited the EU in March to send an election observation mission.

New data protection rules come into effect

European Union’s new data protection laws have come into effect. The General Data Protection Regulation gives EU citizens more rights over how their information is used. It establishes consumers’ “right to know” who is processing their information & what it will be used for. It also establishes the key principle that individuals must explicitly grant permission for their data to be used.

Messi won European Golden Shoe

Barcelona striker Lionel Messi has won his 5th European Golden Shoe after his team defeated Real Sociedad in their final La Liga match of the season. Messi won the award with 34 goals, for a total of 68 points during the 2017-18 season. Messi is the only player to have won the European Golden Shoe 5 times. 4-time winner Cristiano Ronaldo finished 9th after scoring 26 goals for Real Madrid.