Inflation rates within the Eurozone countries have seen a decrease in the previous month of August. Nonetheless, unemployment rates across the different EU countries have increased.
The European Union Commission has planned to pay out billions of euros as loans for workers affected by the corona virus pandemic, as part of the EU's recession recovery plan.
Countries worldwide have been suffering economically from the consequences of the coronavirus pandemic. This is no different from the Eurozone, where the GDP has declined massively for the first time in 25 years.
Remdesivir is the first drug to receive EU approval to treat severe cases of Covid-19 and would be used for treating patients from EU member states and the UK.
After a marathon summit with long negotiations, European Union leaders finally struck a deal for a recovery stimulus plan and a long-term budget.
European Union leaders are currently having major talks for a shared economic stimulus package to recoup the damage caused by the coronavirus pandemic for the fourth day in a row. An agreement seems difficult to reach.
Several European countries are slowly starting to reopen their EU borders that were closed for about three months due to the coronavirus pandemic. Nonetheless, some travel restrictions still do apply.
Collective global efforts are now being made to find and fund a coronavirus vaccine. The European Commission alone is aiming at raising at least 7.5 billion euros.