
-
US and China set for talks in bid to 'de-escalate' trade war
-
China's consumption slide deepens as tariff war bites
-
European leaders arrive in Kyiv in show of solidarity against Russia
-
Gabon longs to cash in on sacred hallucinogenic remedy
-
Mitchell magic as Cavs down Pacers, Nuggets silence Thunder in overtime
-
Pakistan retaliates against India in spiralling conflict
-
S. Korea conservative party begins process to switch presidential candidate
-
Fijian Drua grieve death of Castres winger Raisuqe
-
Pakistan says Indian missiles strike air bases as conflict spirals
-
Spieth seeks career Slam as rivals ponder Rory Slam chances
-
Major difference for McIlroy at PGA after winning Masters
-
Top-ranked Korda shares LPGA Americas lead in repeat bid
-
US and China prepare for trade talks as Trump floats tariff cut
-
US projected to hit debt limit in August: Treasury chief
-
'You're gonna be the Pope,' Leo XIV's brother recalls telling him
-
Guardiola says Man City season has been toughest in management
-
'It's terrific': Chicago hails hometown hero Pope Leo XIV
-
Europe leaders head to Kyiv on unprecedented visit
-
Pakistan warns won't de-escalate as conflict with India spirals
-
Stocks mixed as global markets eye US-China tariff talks
-
Serbia's Vucic seeks low-price gas in Putin meeting
-
German Holocaust survivor and witness-bearer Margot Friedlaender dies at 103
-
Timberwolves launch probe after fan's 'racially charged' abuse
-
Giro over for Landa after high-speed opening stage crash
-
US approves first at-home cervical cancer screening device
-
FIFA Women's World Cup expanded to 48 teams from 2031
-
Mitchell leads, Lowry charges and Rory five back at rainy Truist
-
Gauff holds nerve to join Sabalenka in Italian Open third round
-
Israel not involved in Gaza food distribution under US aid plan: envoy
-
Margot Friedlaender, Germany's voice of Holocaust remembrance
-
Fallen giant Hamburg close in on top-flight redemption
-
Dozens of minors killed in Mexico cartel infighting
-
Trump fires librarian of US Congress
-
Spurs will show no fear against Man Utd in Europa League final: Van de Ven
-
Renowned Holocaust survivor Margot Friedlaender dies at 103
-
Woods, 16-year-old Charlie, misses out in US Open qualifier
-
Pakistan says India has put neighbours 'closer to major conflict'
-
On patrol for jihadists with Mauritania's camel cavalry
-
France, Poland sign treaty with mutual defence pledge
-
NATO chief seeks defence spending at 5% of GDP by 2032: Dutch PM
-
La Rochelle head coach O'Gara suspended for five weeks
-
Measles roars back in the US, topping 1,000 cases
-
Fulham boss Silva refuses to rule out Saudi switch
-
From Chicago to Chiclayo: Peruvian town hails adoptive son and pope
-
Ivorian women fight FGM with reconstructive surgery
-
Pedersen wins opening stage of Giro d'Italia in Albania
-
Stocks mixed despite hopes for US-China tariff talks
-
US, Swiss agree to speed up tariff talks
-
Trump floats cutting China tariffs to 80% ahead of trade talks
-
Pedersen wins opening stage of Giro d'Italia

Tension in Spain over use of EU recovery funds
The Spanish government is increasingly under fire over its use of the European Union's massive economic recovery funds, with critics blasting the distribution of aid as too slow and arbitrary.
Spain is due to receive 140 billion euros ($160 billion) from the fund by 2026, half of it in grants, making it the programme's second-biggest beneficiary after Italy.
The landmark 800-billion-euro recovery plan was approved by Brussels in July 2020 to help the bloc rebound from the impact of the Covid-19 pandemic, and make its economy greener and more digitalised.
"We are talking about extraordinary amounts," Socialist Prime Minister Pedro Sanchez said earlier this month, calling the funds "a historic opportunity for Spain".
Spain and Portugal were the first nations to receive money, with Madrid collecting 19 billion euros during the second half of 2021.
The funds are at the heart of the economic and political strategy of Sanchez's government after the economy contracted by a whopping 10.8 percent in 2020 under its watch as the pandemic hit.
The government faces elections by the end of 2023.
But some business leaders and opposition parties have complained about a lack of coordination between the central government and Spain's powerful regions over the deployment of the money.
- 'Lack of leadership' -
Although Spain was the first to receive aid, the money was "not injected" as fast as expected in the "real economy", the CEOE employers' association said in a report in early January.
By the end of the year, only 38 percent of the funds allocated to Spain for 2021 had been used, official figures show.
This is "very far from the targets" that were set and the delay in using the aid will hamper growth, think-tank Funcas has warned.
Aerospace giant Airbus complained of a lag in the allotment of the funds, citing a "lack of coordination and leadership" from the responsible ministries, according to an internal memo published in El Pais newspaper last month.
Critics also say that even when the money is distributed, it is often not well spent, with small amounts spread across many projects.
"The current assignment system for the funds" leads to their "dispersion" and favours "little projects", some of them "a bit odd," said the Exceltur tourism association's vice president, Jose Luis Zoreda.
He cited as an example a golf course in the rainy northern region of Asturias.
To have a "real impact", the funds should focus on "a few large projects" with a strong potential to "transform" the Spanish economy, he added.
- 'Cruising speed' -
The row has in recent days become political, with the right-wing opposition Popular Party (PP) accusing the government of favouring regions and municipalities run by the left.
"Two years ago we proposed setting up an independent agency for managing EU funds" as happened in Greece, Italy and France, PP leader Pablo Casado said.
"But Sanchez preferred to distribute aid arbitrarily," he charged.
Casado and several right-wing regional leaders have threatened to take the government to court over the distribution of the EU money, accusing it of "favouritism".
But Sanchez quickly hit back.
"Let's not turn the European funds into a partisan question... which is what the opposition wants," Sanchez said Monday during a news conference with visiting German Chancellor Olaf Scholz.
Economy Minister Nadia Calvino, who served as director general in charge of the EU budget from 2014 to 2018, dismissed the PP's criticisms as "not relevant".
The deployment of European funds will achieve its "cruising speed" in 2022, she added.
T.Bondarenko--BTB