Sun. Oct 6th, 2024

NEWS & BACKGROUND

ON THE TOP

artificial intelligence, network, programming

Transforming public sector services: EU study calls for strategic AI adoption

A study commissioned by the European Commission highlights the significant potential of Artificial Intelligence (AI) to improve public sector services across the EU. The report, finish befor the adoption of the I Act, emphasises that AI can enhance citizen-government interactions, boost analytical capabilities, and increase efficiency in key areas such as healthcare, mobility, e-Government, and education.

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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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EU Court annuls 2016 ECB refusal of qualifying holding in Banca Mediolanum by Silvio Berlusconi

The EU Court annuls the 2016 ECB decision refusing the acquisition of a qualifying holding in Banca Mediolanum by Silvio Berlusconi. The ECB could not lawfully oppose Berlusconi’s ownership of a qualifying holding in the bank, as that situation resulted only from the interested party having continued to own a qualifying holding which he had acquired prior to the transposition of the provisions of EU law on which the ECB had relied.

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EU Commission updates status of Inflection/Microsoft case

The European Commission takes note of the withdrawal of the initial referral requests by seven Member States to review under Article 22 of the EU Merger Regulation (‘EUMR’) the acquisition of certain assets of Inflection AI, Inc. (‘Inflection’) by Microsoft Corporation (‘Microsoft).

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EU Commission clears acquisition of Sotheby’s by ADQCVF and Next

The transaction mainly concerns auctions and private sales of works of art and luxury goods. The EU Commission concluded that the proposed concentration would not raise competition concerns, given that the companies are not present in the same or vertically related markets. The notified transaction was examined under the super-simplified merger control procedure.

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Norway: IMF Executive Board concludes 2024 Article IV consultation

IMF Directors underscored the need to maintain a tight monetary policy stance to ensure that inflation converges to target and to mitigate risks of a de-anchoring of inflation expectations. They encouraged the authorities to continue to employ a data-dependent approach, remaining ready to adjust the monetary policy stance as needed.

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eye, google, detail

Google AdSense: The EU General Court annuls EU Commission’s decision and fine

The EU General Court annuls the Commission’s decision. It upholds the majority of the Commission’s findings but annuls the decision imposing a fine of almost €1.5 billion on Google, on the ground inter alia that it failed to take into consideration all the relevant circumstances in its assessment of the duration of the contract clauses that the Commission had deemed abusive.

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Draghi to MEPs: Europe faces a choice between exit, paralysis, or integration

Mario Draghi, author of a report on European competitiveness requested by the President of the European Commission, said that the EU needed to focus on three crucial issues: closing the innovation gap with the US and China; developing a joint plan to link the goal of decarbonisation with increased competitiveness; and boosting Europe’s security and reducing its dependence on foreign economic powers.

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Lithuania: EU Commission receives third RRF payment request

The EU Commission received the third payment request under the Recovery and Resilience Facility (RRF) from Lithuania, for €463 million net of prefinancing, of which €174.7 million in grants and €288.3 million in loans. This comes on top of €1.3 billion already disbursed to Lithuania under the first and second payment requests.

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DIGITIZATION

SECURITY

Ukraine: Polish Centre for Eastern Studies on the recent government reshuffle

On 5 September, Ukraine’s parliament (Verkhovna Rada, VR) appointed 10 new ministers, including two deputy prime ministers (see Appendix 1). The previous day, six ministers and the head of the State Property Fund (SPF) had tendered their resignations, with one ministry being dissolved. Additionally, five other ministerial posts remained vacant for several months.

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Egypt: Statement by EU High Representative Borrell at the Rafah border crossing

“I am used to having a look at this place through satellite images. I see the Rafah crossing almost every day, through the eyes of the satellites. I know that there are thousands of trucks waiting to enter, per days, per weeks, per months. And I know that they are ambulances – these yellow and blue cars – waiting to receive the wounded people. But one thing is to see that from the satellite images, and another thing is to see it live, one truck after the other” – EU HR Borrell.

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Future EU competitiveness: Mario Draghi delivers report to President von der Leyen

The vision that drives Europe forward is to create conditions where businesses thrive, the environment is protected, and everyone has an equal chance at success. Sustainable competitiveness should make sure businesses are productive and environmentally friendly. Economic security ensures that our economy can handle challenges and protect jobs. With open strategic autonomy, Europe is not just open for business; but is shaping a better, fairer world.

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Russia: EEAS Statement on illegal Russian elections in Ukrainian territories

Russia conducted partial regional and local elections, including in the illegally annexed Autonomous Republic of Crimea and Sevastopol. The European Union strongly condemns these so-called “elections” by Russia on Ukrainian territory. They constitute another act of violation of international law, the UN Charter and Ukraine’s sovereignty, independence, and territorial integrity.

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Josep Borrell (l) meeting Dmytro Kuleba (r) at a G7 meeting.

EU High Representative Josep Borrell: Thank you and farewell, Dmytro Kuleba

“My friend and colleague Ukrainian Foreign Minister Dmytro Kuleba has been replaced by his former deputy Andriy Sybiha. I would like to pay tribute to the tremendous job he did in representing Ukraine in a very difficult time and in advancing the EU-Ukraine relationship. Based on this close relationship, we will continue to support Ukraine’s fight for its freedom and sovereignty for as long as it takes and with whatever it takes” – EU High Representative Josep Borrell.

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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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IEA: Designing an Energy Statistics Roadmap

By providing insights into how energy is produced, transformed and used, energy statistics and balances constitute the basic description of the energy system in a country. They are a cornerstone for tracking clean energy transitions and are also essential for monitoring the broader impacts of energy use – including the implications for energy security.

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EU AGENDA

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