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The European Union is pressing for a global deal to eliminate tariffs on pharmaceuticals and medical supplies in an effort to guard against the kind of supply-chain shock triggered by the coronavirus pandemic. The commission proposes that the EU seeks an international agreement open to all World Trade Organization Members for participation, for the duties cut. [Extracted from the article]

European equities rose in their longest rally since November, ending the day on the verge of entering a technical bull market, as investors focused on the slowing of new virus cases in key regions and looked ahead to the earnings season. The Federal Reserve kicked off its commercial paper-buying facility, saying funding stress has reduced across a number of markets in the past two weeks. The S&P 500 returned to its bull territory last week as the Fed stepped up its response to the fallout from the pandemic. [Extracted from the article]

The European Union is pressing for a global deal to eliminate tariffs on pharmaceuticals and medical supplies in an effort to guard against the kind of supply-chain shock triggered by the coronavirus pandemic. As countries around the world emerge from lockdowns triggered by the pandemic, the EU wants to use trade as a tool to help revive devastated economies and prevent commercial barriers from re-emerging during future health scares. [Extracted from the article]

The EU's health agency is among the first official authorities to acknowledge that vaccines may not work well against the new strain. The new coronavirus variant may have infiltrated Europe already. [Extracted from the article]

(Bloomberg) -- Ireland's Covid-19 hospitalizations fell for the first time since Dec. 22, a sign one of the world's worst outbreaks may be abating, and France is seeing benefits from an earlier curfew. India Sees Lowest Cases Since Early June (12:25 p.m. HK) India registered 10,064 coronavirus cases in its latest daily figures, according to government data. [Extracted from the article]

(Bloomberg) -- Europe's relations with China are going from bad to worse. One EU diplomat who asked not to be named discussing Friday's foreign ministers call described the bloc's approach to China as "schizophrenic", saying that it can't decide if China is a strategic partner or an aggressive rival. [Extracted from the article]

The daily death toll from the coronavirus fell in the U.K. and Italy as political leaders wrestled with how to ease the restrictions that have strangled their economies without sparking a new wave of infections. How Will Johnson Lift the U.K.'s Lockdown?. [Extracted from the article]

The daily death toll from the coronavirus fell in the U.K. and Italy as political leaders wrestled with how to ease the restrictions that have strangled their economies without sparking a new wave of infections. How Will Johnson Lift the U.K.'s Lockdown?. [Extracted from the article]

(Bloomberg) -- Spain's runners, walkers and cyclists took to the streets for the first time in almost two months as the nation began to ease one of Europe's tightest lockdowns, amid signs that the worst of the region's coronavirus outbreak may be over. While Spain has been among Europe's worst virus hot spots, new cases and fatalities are easing, a trend echoed elsewhere in Europe. [Extracted from the article]