Will discuss on scaling up renewable energy, digital governance and AI
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European Union (EU) Commission President Ursula von der Leyen said at the G20 event on Thursday that the continent is rigorously working to finalize bilateral trade deals with a number of Asia-Pacific countries. Additional comments We will discuss scaling up renewable energy, digital governance, and AI. Europe is doubling down on our core belief that rules-based trade delivers. We’re working nonstop to finalise trade agreements with India, Australia, UAE, Thailand, Philippines, and Malaysia. Euro FAQs The Euro is the currency for the 20 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day. EUR/USD is the most heavily traded currency pair in the world, accounting for an estimated 30% off all transactions, followed by EUR/JPY (4%), EUR/GBP (3%) and EUR/AUD (2%). The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy. The ECB’s primary mandate is to maintain price stability, which means either controlling inflation or stimulating growth. Its primary tool is the raising or lowering of interest rates. Relatively high interest rates – or the expectation of higher rates – will usually benefit the Euro and vice versa. The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde. Eurozone inflation data, measured by the Harmonized Index of Consumer Prices (HICP), is an important econometric for the Euro. If inflation rises more than expected, especially if above the ECB’s 2% target, it obliges the…
Filed under: News - @ November 21, 2025 11:28 am