Mon. Oct 7th, 2024

NEWS & BACKGROUND

ON THE TOP

ai generated, hour of the earth, climate change

United Nations: Leaders must align efforts to ensure planetary health at three COPs in 2024

Op-Ed by Simon Stiell, Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC), Astrid Schomaker, Executive Secretary of the United Nations Convention on Biological Diversity (CBD), and Ibrahim Thiaw, UN Undersecretary-General and Executive Secretary of the United Nations Convention to Combat Desertification (UNCCD). This Op-Ed was originally published on 23 September 2024 on the website of the World Economic Forum, which is partnering with the three incoming COP presidencies to advance international negotiations and collaboration across the three COPs’ interlinked agendas on climate, biodiversity and land.

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euro, money, currency

Insight EU Finance Monitoring Weekly: 16 – 20 September 2024

These are the headlines of our weekly Insight EU Finance Monitoring, published last Friday night. We publish the headlines of our Insight EU Monitoring mails delayed by several days. To receive real-time monitoring emails, subscribe to our annual target group full-text services on the Insight EU Store page.

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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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Russia: EU Council prolongs individual sanctions for a further six months

The EU Council decided today to prolong the restrictive measures targeting those responsible for undermining or threatening the territorial integrity, sovereignty and independence of Ukraine for another six months, until 15 March 2025. The measures provide for travel restrictions, the freezing of assets, and a ban on making funds or other economic resources available to the listed individuals and entities.

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ECB lowers its deposit facility rate by 25 basis points to 3.5 percent

The ECB Governing Council today decided to lower the deposit facility rate – the rate through which it steers the monetary policy stance – by 25 basis points. Based on the Governing Council’s updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission, it is now appropriate to take another step in moderating the degree of monetary policy restriction.

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man, senior, old

PEPP: EIOPA proposes a broad reform to tackle Europe’s pension gap

The European Insurance and Occupational Pensions Authority (EIOPA) published a Staff Paper on the future of the Pan-European Pension Product (PEPP). The paper sets out the reasons behind the limited uptake of the PEPP and suggests improvements to its design to overcome supply-side, demand-side and structural barriers hindering its broader adoption.

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Auskunft bei automatisierter Bonitätsbeurteilung: Schlussanträge C-203/22 Dun & Bradstreet Austria

Das vorliegende Vorabentscheidungsersuchen bezieht sich auf die Auslegung von Passagen der EU-Verordnung zum Schutz natürlicher Personen bei der Verarbeitung personenbezogener Daten (DSGVO) einerseits und der Richtlinie über den Schutz vertraulichen Know- hows und vertraulicher Geschäftsinformationen vor rechtswidrigem Erwerb sowie rechtswidriger Nutzung und Offenlegung andererseits.

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DIGITIZATION

US President Josef Biden in his office

U.S. President Biden: Statement to the American People

“In this sacred space, I’m surrounded by portraits of extraordinary American presidents.  Thomas Jefferson, who wrote the immortal words that guide this nation.  George Washington, who showed us presidents are not kings.  Abraham Lincoln, who implored us to reject malice.  Franklin Roosevelt, who inspired us to reject fear” – U.S. President Josef Biden.

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SECURITY

Bled Strategic Forum: Keynote speech by President von der Leyen

“Throughout history this region [the Western Balkans] has often been a frontier between worlds. Between East and West. Between North and South. But its new generations have chosen a different path. They have chosen to be part of a common European family” – EU Commission President Ursula von der Leyen.

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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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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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satellite in space

ITU SecGen Doreen Bogdan-Martin on space sustainability: Why ITU? Why now?

“Space is becoming more critical to global development than ever before. The question of space sustainability, therefore, looms large. As we look to leverage space technologies to improve lives and livelihoods on Earth, we must also consider how to preserve the space environment itself. Now, you might ask: Why ITU? Why now?” – Doreen Bogdan-Martin, ITU Secretary-General.

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EP Think Tank paper on enforcing EU climate legislation

Within the policy framework of the European Green Deal, the European Climate Law of 2021 has set an EU-wide, legally binding target of ‘climate neutrality’ or net-zero greenhouse gas (GHG) emissions by 2050. The European Climate Law also enshrines the intermediate climate target of reducing EU net GHG emissions by at least 55 % by 2030, compared to 1990 levels.

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Agricultural markets: Judgment of the EU Court in Case C-557/23 SPAR Magyarország

“Hungarian legislation requiring traders to offer for sale certain agricultural products at a fixed price and in predetermined quantities is contrary to EU law. That legislation prevents traders, without appropriate justification, from freely setting the selling prices and the quantities offered for sale of those products on the basis of economic considerations” – Court of Justice.

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EU AGENDA

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