The EU Commission has published a report today following the first review of the adequacy decision for the EU-US Data Privacy Framework (DPF) for personal data transferred from the European Union to organisations in the US.
Illumina-Grail merger: The EU Court of Justice sets aside the judgment of the EU General Court and annuls the decisions by which the EU Commission accepted requests from national competition authorities seeking the examination of the proposed concentration. According to the Court, the EU Commission is not authorised to deal with proposed concentrations that have no European dimension. EU Commission EVP Vestager said she will analyse the judgment. She sees a need to review mergers that have a competitive impact in Europe as certain transactions that do not reach EU notification thresholds may nonetheless be harmful to competition in Europe.
On 29 August, EU Member States represented in the Climate Change Committee endorsed an amendment to the Monitoring and Reporting Regulation proposed by the EU Commission.
The EU Commission today adopted 4 guidance documents to support EU countries’ work in transposing and implementing the revised directives on renewable energy and energy efficiency into national law.
On 30 April 2024, seven European projects were selected for EU financial support in the Innovation Fund’s pilot hydrogen auction (IF23 Auction). Ssix out of those seven projects have now signed their respective grant agreements.
The transaction primarily concerns the electric vehicle charging and related convenience services sector in the United Kingdom and Ireland.
EIB commits more than €450 million to support Ukrainian energy infrastructure crucial for upcoming winter. The bank also announces a new initiative to increase local-currency lending and EIB guarantees to facilitate access to financing for Ukrainian businesses. And the EIF is to roll out this month €300 million in export-credit guarantees for EU companies trading with Ukraine.
From July 22 to 26, the G20 Brasil capital will host finance leaders for a series of crucial discussions. As well as debates on the global economy, the climate crisis, foreign debt and multilateral development bank reform, the unprecedented meeting will bring together finance representatives from member countries and civil society organizations.
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 Commission has made commitments offered by Vifor legally binding under EU antitrust rules. The commitments address competition concerns relating to Vifor’s potential disparagement of Monofer, the closest – and potentially only – competitor of Vifor’s intravenous iron medicine in Europe.
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.
Today’s revision notably takes into account rulings by the Court of Justice since 2016 that clarify certain provisions, allowing for more effective and consistent enforcement of the rules.
The Ecodesign for Sustainable Products Regulation also aims to reduce the overall environmental and climate impacts of products on the EU market. A new law on sustainability requirements for a wide range of everyday household products has entered into force in the EU.
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.
See how EU politicians and EU stakeholders have reacted after the re-election of Ursula von der Leyen for a second term as EU Commission President.
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.
The German economy has begun to recover from the energy-price shock. Gradual economic recovery is expected to continue this year. Risks to the outlook are broadly balanced.
The EU Commission has published a report today following the first review of the adequacy decision for the EU-US Data Privacy Framework (DPF) for personal data transferred from the European Union to organisations in the US.
The United States Patent and Trademark Office (USPTO) will hold a public symposium on artificial intelligence (AI) and intellectual property.
Today, the Commission has opened non-compliance investigations under the Digital Markets Act (DMA) into Alphabet’s rules on steering in Google Play and self-preferencing on Google Search, Apple’s rules on steering in the App Store and the choice screen for Safari and Meta’s “pay or consent model”. The EU Commission is also taking other investigatory steps to gather facts and information, e.g. concerning Amazon.
21 EU Member States have now joined the European efforts to make Europe the “quantum valley” of the world by signing the European declaration on quantum technologies during a conference organised today by the Belgian Presidency of the Council of the EU.
The Biden-Harris Administration announced that the Department of Commerce and Intel Corporation have reached a non-binding preliminary memorandum of terms. The proposed investment would provide up to $8.5 billion in direct funding to ensure leading-edge logic chips, which are essential to the world’s most advanced technologies. What U.S. decision-makers and stakeholders are saying.
“Today’s declaration demonstrates your ability and ambition to connect citizens with the democratic institutions that are designed to serve them.My experience as two-time mayor of Dubrovnik is priceless to me in my work as European Commission Vice-President for Democracy and Demography” – EU Commission VP Vice-President Dubravka Šuica
Cybercrime is a major threat to society that generates billions of euros for its perpetrators. It is a form of crime that is continuing to grow, with criminals showing increasing sophistication and resourcefulness.
Today, the Commission has formally sent requests for information under the Digital Services Act (DSA) to Bing and Google Search (Very Large Online Search Engines, or VLOSEs), as well as to Facebook, Instagram, Snapchat, TikTok, YouTube, and X (Very Large Online Platforms, or VLOPs). The Commission is requesting these services to provide more information on their respective mitigation measures for risks linked to generative AI, such as so-called ‘hallucinations’ where AI provides false information, the viral dissemination of deepfakes, as well as the automated manipulation of services that can mislead voters.
The new rules will make company’s data more easily available, enhance trust and transparency in companies across member states, create more connected public administrations and reduce red tape for companies and other stakeholders in cross-border situations. It will thereby contribute to a more integrated and digitalised single market for companies.
Under the new law, adopted by 464 votes in favour to 92 against and 65 abstentions, member states will be obliged to protect media independence and all forms of interventions in editorial decisions will be banned.
The network code aims to establish a recurrent process of cybersecurity risk assessments in the electricity sector. These assessments are aimed at systematically identifying the entities that perform digitalised processes with a critical or high impact in cross-border electricity flows, their cybersecurity risks, and then the necessary mitigating measures that are needed.
Investigations into the criminal organisation uncovered an elaborate scheme that was laundering money from Italy to Brazil, through several companies. The operation on 7 October 2024 was supported by Eurojust and led to the arrest of four suspects and the seizure of nine companies in Italy, Hong Kong and Brazil.
The President of the European Commission, Ursula von der Leyen, is participating today in the Ukraine Recovery Conference 2024, hosted jointly by Chancellor Scholz and President Zelensky in Berlin on 11 and 12 June.
Potent synthetic substances, new drug mixtures and changing patterns of use pose a growing threat in Europe. These are among the issues raised today by the European Monitoring Centre for Drugs and Drug Addiction (EMCDDA) as it launches its European Drug Report 2024: Trends and Developments.
The Resolution was adopted with 14 votes in favour and one abstention (Russian Federation).
The report stresses the balance that needs to be struck between securing private communications and fundamental rights, while enabling investigations and prosecutions to combat organised crime and terrorism.
In view of the deteriorating humanitarian situation in Afghanistan, the EU has activated its emergency aid reserve to avoid a risk of famine in the country.
On 30 April 2024, 4.2 million non-EU citizens, who fled Ukraine as a consequence of the Russian war of aggression against Ukraine that began on 24 February 2022, had temporary protection status in the EU. Germany and Spain did not provide any data to Eurostat.
On 11 and 12 June, Germany and Ukraine are jointly hosting this year’s Ukraine Recovery Conference in Berlin. More than 2,000 participants from over 60 countries will discuss how to provide better support for Ukraine’s recovery.
The finalisation of the Plan is an important conditionality linked with the Ukraine Facility, the European Union’s 50 billion euro financial assistance program for Ukraine for the period of 2024-2027.
The Secretary General highlighted Sweden’s many contributions to the Alliance, including highly capable forces and advanced capabilities.
Eight months of war in the Gaza Strip have caused loss of jobs and livelihoods on a massive scale and a sharp decline in GDP in the Occupied Palestinian Territory (OPT), a new brief by the International Labor Organization (ILO) and the Palestinian Central Bureau of Statistics (PCBS) reports.
As part of a three-year EU-funded Horizon project on understanding China, under the name of China Horizons, Bruegel has developed a dashboard to display the most relevant macroeconomic data for China and EU-China relations.
“As we are tragically reminded that peace is not eternal and that security is not a given, the efforts to bolster our collective defense, deterrence and resilience are required more than ever. We reaffirm the centrality of NATO to European security as well as the importance of a stronger and more capable European defense that contributes positively to global and transatlantic security.”
On 30 April 2024, seven European projects were selected for EU financial support in the Innovation Fund’s pilot hydrogen auction (IF23 Auction). Ssix out of those seven projects have now signed their respective grant agreements.
The European Commission has approved a €200 million Finnish scheme to support the production of renewable fuels of non-biological origin and the deployment of energy storage to foster the transition towards a net-zero economy, in line with the Green Deal Industrial Plan.
The purpose of the scheme is to reduce greenhouse gas emissions from production processes by at least 40% and/or reduce energy consumption by at least 20%, compared to today. Under the scheme, the aid will take the form of direct grants and subsidised loans.
The scheme aims to alleviate part of the costs for companies that stored natural gas at the Chiren underground gas facility to help Bulgaria reach its 80% filling targets before the start of the heating season in November 2022 in accordance with the Gas Security of Supply Regulation 2017/1938.
The EU Commission has approved Poland’s support measure of approximately €194 million (PLN 900.45 million) for the construction of an offshore wind terminal in the seaport of Gdańsk. The new terminal will serve as installation terminal to build offshore wind farms.
The projects gather 346 beneficiaries from 35 countries (26 Member States and 9 associated countries), including small and medium businesses, research institutions, local authorities, higher or secondary education establishments.
The measure will contribute to the achievement of the EU Hydrogen Strategy, the European Green Deal and the Green Deal Industrial Plan targets, while helping to end dependence on Russian fossil fuels in line with the REPowerEU Plan.
“Between March and June of this year, Russia destroyed and significantly damaged around half of Ukraine winter’s demand (9.2 GW of generation capacity). Already today, rolling outages lasting several hours a day are happening across Ukraine. It is expected that as demand increases, the situation will get worse this winter” – EU Commissioner Simson.
The Director General reiterated, amon others, that a Russian attack last week that reportedly injured eight ZNPP workers at an electrical sub-station in Enerhodar had violated several of the seven indispensable pillars of nuclear safety during a conflict, notably one on protecting plant staff.
The European Network of Transmission System Operators for Gas (ENTSOG) launched a public consultation on its Annual Work Programme 2025 and is inviting stakeholders to contribute in defining the right priorities and to identify the most relevant projects for ENTSOG in 2025. The consultation remains open until 6 September 2024.
Power regulators call on the new European Parliament, Commission and Council to focus on key electricity and infrastructure challenges to deliver a decarbonised, consumer-centric and competitive electricity system in 2030 and beyond.
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