Mon. Oct 7th, 2024

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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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WTO Public Forum: Trade MEPs travel to Geneva

The MEPs are set to meet with Dr. Ngozi Okonjo-Iweala, Director-General of the WTO, to discuss the state of world trade. They are also expected to meet key officials to discuss topics high on the WTO agenda, including e-commerce negotiations, fisheries agreements, dispute settlement reform and support for least-developed countries.

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DIGITIZATION

Semiconductor innovation ecosystem: EU Chips Joint Undertaking invests €325m

The EU Chips Joint Undertaking (Chips JU) has announced new calls to support semiconductor research and innovation initiatives in photonics, competence centres, and a cloud-based semiconductor design platform as part of the Chips for Europe initiative under the Chips Act. The total EU funding available for these calls is €325 million, which should be topped up by additional financing from participating states of the Chips JU.

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SECURITY

Polish OSW on the consequence of the Ukrainian attack in the Kursk Oblast

Around 3,000 to 5,000 Ukrainian soldiers from a group estimated at a total of 6,000 to 10,000 military personnel, the core of which consists of contingents drawn from four brigades, entered Russian territory. Almost immediately after seizing the border area, Ukrainian engineering formations started building a fortified zone centred in the village of Basivka located on the Ukrainian side of the border.

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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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earth, global warming, calamity

EIOPA: Leveraging insurance to shore up Europe’s climate resilience

The extreme weather events of the past few years from flash floods in Germany, torrential rain in Slovenia as well as crippling heatwaves and wildfires across the Mediterranean have shown that no region is safe from the harmful effects of a changing climate. The recent natural catastrophes are not isolated incidents but a feature of a new climate reality.

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EU agri-food trade report: The trade balance remains stable

The latest agri-food trade report published today by the European Commission showed that in the January-May 2024 period, cumulative EU agri-food exports reached €97.4 billion (a 2% increase compared to the same period in 2023), while the latest monthly figure (May 2024) showed that the overall EU agri-trade surplus remained stable at €5 billion.

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EU AGENDA

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