On Monday, MEPs restored €1.52 billion in funding cuts proposed by the EU Council, bringing allocations back to the levels originally suggested by the Commission. They also increased funding for programmes vital to address the impacts of Russia’s war against Ukraine, the need for green and digital transitions, and supporting economic recovery.
Over the last few years, there has been a series of revelations about toxic behaviours at the highest levels of the Canadian military. A recent report by the UK Defence Select Committee has also exposed a misogynistic military culture, with senior officers adopting the trope that “boys will be boys” as a response to complaints.
There is a 60 percent chance of La Niña conditions emerging towards the end of this year, according to a new Update from the World Meteorological Organization (WMO). La Niña has relative short-term cooling impact on global climate. It generally has opposite impacts to El Niño. But longer-term global warming continues.
Australia and Germany have signed an important agreement today deepening their cooperation and jointly supporting new supply chains for renewable hydrogen and its derivatives. To this end, a H2Global financing window of €400 million (AU$ 660 million) will be established to match European demand and Australian production of renewable hydrogen in bilateral auctions.
On Monday, transport MEPs voted to start trialogues on driving licence, driving disqualification, maximum weights and dimensions in traffic, railway capacity and maritime safety rules.
The Dutch Data Protection Authority (AP) announced that it is imposing a fine of €290 million on Uber, arguing that the company’s transfers of drivers’ personal data from the European Union to the United States were in breach of the EU’s General Data Protection Regulation (GDPR).
“Political polarisation is deepening everywhere. Our Europe works on the basis of building compromise, and it is done across a broad spectrum of views and countries. On the other hand, those on the extremes to the right and left, do not believe in compromise, regarding it as a weakness rather than a strength. So against that background, the centre must work harder and faster to hold” – EU Commissioner Mairead McGuinness.
From today until Wednesday, EU Commissioner for International Partnerships, Jutta Urpilainen, will be in Tonga, representing the EU at the Pacific Islands Forum Leaders Meeting to discuss the way forward of the Pacific Protocol of the Samoa Agreement, which provides a framework for the EU’s partnership with 79 countries of the Organisation of African, Caribbean, and Pacific States.
Elisa Ferreira, EU Commissioner for Cohesion and Reforms, begins a four-day visit to the Azores, to meet with regional and local government representatives and visit several projects supported by Cohesion Policy funds. Discussions will include the implementation and benefits of the 2022 Outermost Regions Strategy to the region.
The EU Commission has approved, under the EU Merger Regulation, the acquisition of joint control of YORIZON, a newly-founded joint venture, by HOCHTIEF GC Beteiligungsgesellschaft mbH and Thomas-Krenn.AG, all of Germany. The transaction relates primarily to the sector of data processing, hosting and related activities.
These are the headlines of our weekly Insight EU Finance Monitoring, published last Saturday. 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.
On the occasion of the port call at Tokyo by two German Navy ships: Frigate “Baden-Württemberg” and Supply Ship “Frankfurt-am-Main”, a roundtable on sanctions enforcement at sea was organised by the Delegation of the European Union (EU) to Japan and the Embassy of the Federal Republic of Germany in Japan, with support from the EU project, Enhancing Security Cooperation In and With Asia (ESIWA).
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of Immedica Pharma by Impilo, both of Sweden, and by KKR of the US. The transaction relates primarily to the commercialization of medicines for rare diseases and specialty care products.
The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of Sunrise Medical of Germany by Platinum Equity Group of the US. The transaction relates primarily to the supply of medical aid solutions.
The EU has released an additional €122 million for humanitarian assistance in the Greater Horn of Africa, as the region continues to face the impact of conflicts and climate-related disasters such as drought and floods.
During its meeting on 21 August 2024, the Federal Council approved a temporary extension of the special rules on withholding tax for too-big-to-fail (TBTF) instruments to 31 December 2031.
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today published the translations in all official EU languages of its Guidelines on funds’ names using ESG or sustainability-related terms.
On 4 October, the EU Commission held a multi-stakeholder workshop to collect input for the guidelines on protection of minors under the Digital Services Act (DSA). The guidelines will assist providers of online platforms to ensure a high level of privacy, safety and security for minors.
The aerospace ecosystem’s stakeholders will be invited in the next weeks to propose commitments to turn the pathway into reality, with the Commission’s support and cooperation.
Running an authenticated key exchange protocol over low-power Internet-of-Things radio technologies is challenging. EDHOC is designed to be a security enabler in the next generation of Internet-of-Things products and can be used for instance in appliances for home and businesses.
The European Supervisory Authorities EBA, EIOPA, and ESMA – the ESAs) today announced that they have concluded a multilateral Memorandum of Understanding (MoU) to strengthen cooperation and information exchange with the European Union Agency for Cybersecurity (ENISA).
In 2017, the EU Commission had adopted a cybersecurity package with a series of initiatives to further improve EU cyber-resilience, deterrence and defence. What has happened, since then?
Amazon, SoundCloud, Mistral AI, DailyMotion, and the Strategic Dialogue Institute – a civil society organization – have become members of the EU Internet Forum.
The EU institutions are playing their part to defend the European elections on 6-9 June against disinformation and information manipulation targeting European democracy.
Technology spending in Singapore reached 22bn Singapore Dollars (SGD), the equivalent of USD 16.3bn in 2023, with the United States being the top foreign investor.
The EU Commission services in charge of the enforcement of the Digital Services Act (DSA) and the European Regulators Group for Audiovisual Media Services (ERGA) have agreed to structure their ongoing cooperation to support the Commission’s supervision and enforcement activities under the DSA.
A new study from the National Institute of Standards and Technology (NIST) evaluates the performance of software that estimates a person’s age based on the physical characteristics evident in a photo of their face.
“The EU AI Act … enters into force in July. It’s trust-fostering, but also good for innovation. First, because of scale. It means one set of rules across all 27 European Member States. Second, it gives the providers of AI systems a stable and predictable operating environment. And third, the AI Act encourages companies to develop new products easily” – EU EVP Jourová.
“Hamas’ terrorist attacks on Israel ignited a spiral of violence which has brought the entire region to a state of extreme tension and volatility. All parties must act responsibly, with restraint, and engage to de-escalate the current tensions” – EU Commission President Ursula von der Leyen.
The EU Council today renewed the EU restrictive measures in view of the Russian Federation’s continuing actions destabilising the situation in Ukraine for a further 6 months, until 31 January 2025.
The EU Council today adopted an assistance measure under the European Peace Facility (EPF) worth €15 million to the benefit of the armed forces of the Islamic Republic of Mauritaniac to support land and maritime surveillance and deterrence capacities.
For the first time, the EU decided to support Armenia from the European Peace Facility. The aim of this assistance measure is to enhance the logistical capacities of the Armenian Armed Forces, and to contribute to improved protection of civilians in crises and emergencies.
Today the EU Council approved additional restrictive measures against four persons and two entities under the European Union’s Global Human Rights Sanctions Regime. The listed individuals and entities are responsible for serious human rights abuses worldwide, including torture and systematic and widespread sexual and gender-based violence.
The Register serves as record of evidence and information on claims for damages, losses, or injuries caused by Russia’s war against Ukraine. It aims to ensure full and effective reparation for Ukraine and its people. The Register was established by the Council of Europe on 12 May 2023, with 43 States and the EU joining so far, including 26 EU Member States.
Cluster munitions kill and maim civilians and military personnel indiscriminately. Civilians are to be protected. But nonetheless, some 90 % of victims of cluster munitions are civilians. Norway was one of the initiators of the Convention on Cluster Munitions when it was adopted in Oslo in 2008.
U.S. President Joe Biden has decided not to accept the nomination and “to focus all my energies on my duties as President for the remainder of my term”. He offered his full support to Vice President Kamala Harris – and the “endorsement for Kamala to be the nominee of our party this year”.
The EU Commission and the Palestinian Authority have signed a Letter of Intent which sets out a strategy for addressing the critical budgetary and fiscal situation of the Palestinian Authority and the Palestinian economy. Meanwhile, The EU deplores the resolution passed by the Knesset on 18 July opposing the establishment of a Palestinian state, even if part of a negotiated settlement with Israel.
The U.S. economy has turned in a strong performance over the past few years. Hysteresis effects from the pandemic did not materialize and both activity and employment now exceed pre-pandemic expectations. Real incomes were diminished by the unexpected rise in inflation in 2022 but have now risen above pre-pandemic levels. Job growth has been particularly fast with 16 million new jobs created since end-2020.
Ukrainian President Zelenskyy will be hosted by UK Prime Minister Keir Starmer at an extraordinary meeting of the Cabinet tomorrow morning.
The meeting with the European Political Community is a great occasion for Europeans – in the large sense – to discuss about the challenges and threats they are facing.
The European Securities and Markets Authority (ESMA), EU’s financial markets regulator and supervisor, published today its Follow-up Report to the Wirecard Fast Track Peer Review assessing the progress made with respect to the recommendations formulated in 2020.
On Monday, transport MEPs voted to start trialogues on driving licence, driving disqualification, maximum weights and dimensions in traffic, railway capacity and maritime safety rules.
The International Renewable Energy Agency (IRENA) has established that the course to achieve the UAE Consensus energy target remains off track due to persistent structural barriers including a notable shortfall in investment.
The International Atomic Energy Agency (IAEA) at Ukraine’s Zaporizhzhya Nuclear Power Plant (ZNPP) viewed evidence provided to the team today that continues to indicate that Monday’s fire did not start at the base of the cooling tower.
The European Commission has approved, under EU State aid rules, a €700 million Dutch scheme to compensate farmers for voluntarily closing livestock farming sites in certain areas of the Netherlands to improve the quality of the environment and promote a more sustainable and environmentally friendly production in the livestock sector.
Through the Africa CDC, these vaccines will be distributed to affected countries. Furthermore, HERA is in collaboration with the Africa CDC with the aim to expand access to mpox diagnostics and sequencing in the region, with a €3.5 million grant foreseen for early autumn.
The Nordic transport ministers from Denmark, Finland, Iceland, Norway and Sweden have gathered in Gothenburg on 14 August 2024 and discussed issues of common interest.
The EU Agency for the Cooperation of Energy Regulators (ACER) received a proposal from Transmission System Operators (TSOs) to amend the harmonised methodology for cross-zonal capacity allocation for the exchange of balancing capacity or sharing of reserves.
“Clean energy investments in traditional energy communities have doubled in the past two years. And federal dollars are directly flowing into communities through the grant side of the law. $118 billion of the grants, loans, and rebates in the law are considered covered programs under President Biden’s Justice40 Initiative” – John Podesta, U.S. President Biden’s Senior Advisor for International Climate Policy.
Global oil demand increased by 870 kb/d in 2Q24, with a contraction in China limiting gains. Demand is set to rise by less than 1 mb/d in both 2024 and 2025. This is largely unchanged from last month’s Report but far slower than last year’s 2.1 mb/d growth as comparatively lacklustre macroeconomic drivers come to the fore.
The planes will be financed by the European Commission and will become the new backbone of the EU’s crisis response to tackle forest fires. Aircraft from the rescEU reserves can be rapidly deployed in case a country is facing severe wildfires that require additional support.
The EU wants European wind farms to be built using turbines that are made in Europe. The Net Zero Industry Act requires 36 GW of wind energy manufacturing capacity in the EU by 2030. To achieve this, we must urgently strengthen the competitiveness of Europe’s wind industry or risk not being able to produce the volumes of wind turbines that Europe needs.
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