Sun. Oct 6th, 2024

NEWS & BACKGROUND

ON THE TOP

OECD sees global economy turning the corner as inflation declines and trade growth strengthens

The global economy is turning the corner as growth remained resilient through the first half of 2024, with declining inflation, though significant risks remain, according to the OECD’s latest Interim Economic Outlook. With robust growth in trade, improvements in real incomes and a more accommodative monetary policy in many economies, the Outlook projects global growth persevering at 3.2% in 2024 and 2025, after 3.1% in 2023.

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hacker, cybersecurity, hoodie

Threathunt 2030: ENISA conference on the cybersecurity threat landscape

‘Threathunt 2030’ returned to highlight the significance of advanced foresight in prevention and response efforts towards emerging cybersecurity and hybrid threats. Through a series of interactive panels, ENISA addressed various aspects of foresight in the area of cybersecurity threats, with a view to improve resilience and security across the EU.

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LATEST NEWS TICKER

BUSINESS

EU Commission clears acquisition of TBX NewCo Spain and TBX Upstream Seamless Pipes by Tubacex and Mubadala

The EU Commission has approved the acquisition of joint control of TBX NewCo Spain S.L.U. of Spain and TBX Upstream Seamless Pipes L.L.C. of the UAE by Tubacex S.A. of Spain and Mubadala Investment Company P.J.S.C. (‘Mubadala’) of the UAE. The transaction relates primarily to the manufacture of oil country tubes for the exploration and extraction of oil and gas.

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artificial intelligence, network, programming

Real world competition impact of GenAI and virtual worlds: EU policy brief

The policy brief, written by EU Commission staff, explores market dynamics, emerging tendencies, and barriers to entry in these sectors. It suggests elements of a preliminary framework for the analysis of cases, such as theories of harm and efficiency gains. In particular, it looks at what types of anticompetitive concerns may emerge and at the possible tools to address them.

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EU Court: EU Commission erred in cases concerning UK profit taxation of controlled foreign companies

The EU Court of Justice annuls the Commission decision finding certain United Kingdom rules on the taxation of controlled foreign companies (CFCs) to be State Aid incompatible with the internal market and sets aside the judgment of the General Court confirming that decision. The Commission and the General Court erred in law in finding that the rules applicable to CFCs constituted the appropriate reference framework for examining whether a selected advantage had been conferred.

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DIGITIZATION

EU statement on emerging technologies in the area of lethal autonomous weapons

The EU hat published its statement at the Group of Governmental Experts on emerging technologies in the area of Lethal Autonomous Weapons Systems: In the study, development, acquisition, or adoption of a new weapon, means or method of warfare, determination must be made whether its employment would, in some or all circumstances, be prohibited by international law.

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artificial intelligence, network, programming

U.S. AI Safety Institute signs first agreements with OpenAI and Anthropic

The U.S. Artificial Intelligence Safety Institute at the U.S. National Institute of Standards and Technology (NIST) announced agreements that enable collaboration on AI safety research, testing and evaluation with Anthropic and OpenAI. These first-of-their-kind agreements between the U.S. government and industry will help advance safe and trustworthy AI innovation for all.

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NATO’s role in security for critical undersea infrastructure – NATO Review

Undersea infrastructure is vital in a global economy powered by data. 99% of the world’s data is transmitted through subsea cables. An estimated USD 10 trillion in financial transactions alone traverses these vast cable networks each day. As well as data cables, critical undersea infrastructure also includes electricity connectors and pipelines supplying oil and gas.

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flaggs of china and the eu

Cross-border data flows: EU and China launch communication mechanism

The mechanism is a deliverable of the political agreement reached in 2023 between Vice-President Jourová and Vice-Premier Zhang Guoqing at the EU-China High-Level Digital Dialogue, as well as at the EU-China High-Level Economic and Trade Dialogue between Executive Vice-President Dombrovskis and Vice-Premier He Lifeng.

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SECURITY

Military brokering: Judgment of the EU Court in Case C-351/22 Neves 77 Solutions

Restrictive measures against Russia: The confiscation of the entire proceeds of a brokering transaction covered by the prohibition on providing brokering services for military equipment is permitted. In addition, the Court has jurisdiction to interpret a measure of general scope of a CFSP decision which should have been implemented in a regulation and which forms the basis for a national sanction.

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How do economic recessions influence illicit drug use? – EU Drugs Agency

In its latest report, the EU Drugs Agency (EUDA) sheds light on how economic downturns can impact the use of illicit drugs. The publication — The impact of economic recessions on the use of illicit drugs: findings from a scoping literature review — highlights how young people and socioeconomically vulnerable groups are disproportionately affected during times of recession.

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EU statement on the International Day to Protect Education from Attack

Attacks on schools and their military use place children, in particular girls and children with disabilities, at particular risk of harm, making them more vulnerable to other grave violations. Tragically, there has been a significant increase of attacks against schools and education facilities, which constitute violations of International Humanitarian Law.

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Visa Liberalisation: EU and Armenia launch dialogue

The European Commission and the Republic of Armenia announced the start of a visa liberalisation dialogue. This process aims to support Armenia in achieving a visa-free regime for short-stays with the EU, provided that the relevant conditions for well-managed mobility and security are put in place.

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SUSTAINABILITY

EU Commission clears acquisition of TBX NewCo Spain and TBX Upstream Seamless Pipes by Tubacex and Mubadala

The EU Commission has approved the acquisition of joint control of TBX NewCo Spain S.L.U. of Spain and TBX Upstream Seamless Pipes L.L.C. of the UAE by Tubacex S.A. of Spain and Mubadala Investment Company P.J.S.C. (‘Mubadala’) of the UAE. The transaction relates primarily to the manufacture of oil country tubes for the exploration and extraction of oil and gas.

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F4E and EUROfusion launch European Fusion Technology Marketplace

Fusion for Energy (F4E) and EUROfusion launch the European Fusion Technology Marketplace, a joint platform to promote technology transfer from the field of fusion to other domains. The website offers companies and experts a diverse portfolio of technologies developed by F4E’s industrial partners and the laboratories forming EUROfusion.

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fruit, food, tropical fruits

Pesticide residues: MEPs vote down two EU Commission decisions

MEPs today rejected two EU Commission decisions allowing import tolerances (residue levels) for several pesticides coming with imported products such as cereals, seeds, meat, liver, and kidney, as well as with imported lemons, limes, mandarins, and okra. The use of these pesticides is already banned in the EU and should therefore not be allowed for imported goods.

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tasiilaq, east greenland, greenland

Greenland: Keynote speech by EU Commissioner Jutta Urpilainen

“Greenland is especially vulnerable to the impact of climate change. But you are also uniquely equipped to fight it – to capitalise on vast natural resources and steer both the green and digital transitions. I applaud Greenland’s decision to ban offshore oil and gas exploration and exploitation in 2021, to join the Paris Agreement in 2023, and more recently, to keep the Arctic a ‘low tension area’ where peaceful and sustainable development can thrive” – EU Commissioner Jutta Urpilainen.

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EU AGENDA

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