FT News Briefing EU to propose Covid-19 travel certificate, EU and US drift apart economically
Mar 17, 2021
Brussels is set to propose a Covid-19 travel certificate to ease movement across EU countries. Meanwhile, serious legal action is brewing for NatWest as the FCA pursues money laundering charges related to suspicious cash deposits. The economic divide between the US and EU continues to widen, spurred by differing recovery rates and stimulus efforts. Lastly, the discussion touches on corporate environmental claims, highlighting the tensions between investments and corporate responsibility.
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EU COVID-19 Travel Certificate
- The EU will propose a COVID-19 certificate to allow travel within the bloc.
- This certificate will require proof of vaccination, recovery, or a negative test.
NatWest Money Laundering Charges
- NatWest, a major UK bank, faces money laundering charges from the FCA.
- This is the first such case against a bank in 13 years.
US and EU Economic Divergence
- The US economy is expected to recover faster than the EU's due to a larger stimulus and quicker vaccine rollout.
- This difference in recovery speed creates an economic decoupling.