EU

EU regulators set out ideas to plug climate ‘insurance gap’

Issuing "catastrophe bonds" and setting up public-private partnerships could help plug the "insurance gap" to better cover damage from climate change, a discussion paper from the European Central Bank and European Union…

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Airlines in line for green fuel funding boost under EU climate law

Airlines could be in line for 2 billion euros in European Union funding to help them switch to sustainable fuels, under reforms to strengthen Europe's climate change policies. The European Parliament on Tuesday approved…

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Casa’s Social Climate Fund becomes law after final European Parliament approval

The European Parliament today approved the most ambitious climate package yet, with a multibillion social mechanism delivered through Casa’s Social Climate Fund. “The Social Climate Fund is the most significant…

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Campaigners sue EU for labelling gas and nuclear investments as green

Greenpeace and other campaign groups are set to take the European Commission to court on Tuesday, seeking to overturn European Union rules that class nuclear energy and natural gas as climate-friendly investments.The…

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Casa calls for Venice Commission mandate to investigate Sofia inquiry refusal

MEP David Casa urged the President of the Parliamentary Assembly of the Council of Europe (PACE) to raise the issue at the Assembly, and mandate an investigation into the Maltese…

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EU cannot trust China unless it seeks peace in Ukraine -Borrell

European Union foreign policy chief Joseph Borrell said it would be hard for Europe to trust China if it did not try to find a political solution to the Ukraine crisis. The comment was contained…

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European privacy watchdog creates ChatGPT task force

The body that unites Europe's national privacy watchdogs said on Thursday it had set up a task force on ChatGPT, a potentially important first step toward a common policy on setting…

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EU vote on human rights ‘due diligence’ looms for financial firms

Financial services companies would be required to take action if their clients were failing to protect human rights and the environment, a preliminary deal due to be voted on later…

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EU launches LNG benchmark in attempt to tame price spikes

European Union energy regulators have launched a liquefied natural gas (LNG) benchmark price in an effort to avoid the market mirroring spikes in volatile costs for pipeline gas. The EU…

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As families struggle with medicine shortages, EU revamps drug laws

The EU is revamping laws governing the 136 billion euro ($148 billion) pharmaceuticals industry aimed at reviving investment and boosting access to affordable drugs at a time when health budgets…

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EU reaches deal on service stations for EVs, alternative fuels

The European Union on Tuesday reached a provisional deal on the deployment of more service stations for cars running on electricity and alternative fuels as the bloc seeks to reduce the carbon…

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Banking rebound remains fragile as regulators review response to failures

Investor confidence in the banking sector remained fragile on Tuesday, with the European Central Bank (ECB) saying recent volatility highlighted the need for greater regulatory scrutiny.European bank stocks held steady…

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EU banking regulator warns sector still at risk

The head of the European Banking Authority (EBA) warned that the banking sector remained very vulnerable even after measures to stem the fallout of crises at Silicon Valley Bank and…

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EU agrees on retaliation to counter economic coercion

The European Union has agreed to allow retaliation against countries that put undue economic pressure on EU members to change their policies, such as the trade restrictions the bloc says…

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Nuclear row threatens EU deal on renewable energy goals

European Union countries are split over whether to allow nuclear energy to contribute to meeting their renewable energy targets, a dispute threatening to delay one of the EU's main climate…

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EU and China to discuss competition policy and enforcement as relations hit low

Officials and experts from the EU and China will meet from 28 to 31 March 2023 to discuss their cooperation on competition law and enforcement in the EU and China.…

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Half of Europeans concerned on ability to pay their bills

Almost half of European consumers (48%) were worried about being able to pay their bills, and a large majority (71%) took measures to reduce their energy consumption at home. In…

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EU to propose clampdown on companies using fake ‘green’ claims

The European Commission wants to require companies in Europe to back up climate-friendly claims about their products with evidence, under draft rules to stamp out misleading green labels for products from clothing…

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EU regulators to investigate tax deals between EU countries and multinationals

EU regulators are likely to open investigations into tax deals between EU countries and multinationals after reviewing their arrangements in the previous decade, the bloc's competition chief warned on Monday.…

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Malta agrees to European agreement to jointly procure ammunition

Malta is one of seventeen European Union countries plus Norway to agree to jointly procure ammunition to help Ukraine and to replenish their own stockpiles, the EU's European Defence Agency…

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EU imposes further sanctions on Iran for human rights violations

The European Union on Monday imposed a new package of sanctions against Iran, its sixth, in response to human rights violations, adding eight individuals and one entity to its list.…

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Albania suspends Golden Passport Scheme in effort to reassure European partners

Albania's Prime Minister, Edi Rama, has announced that the country's Golden Passport Scheme has been temporarily suspended, after pressure from EU and international institutions against such programmes continued to mount.…

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EU lawmakers approve CO2-cutting targets and expanding forest carbon sinks

The European Parliament gave its final approval on Tuesday to tougher national targets to cut emissions in some sectors, and expand CO2-absorbing natural ecosystems like forests. The two laws are…

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Euro zone ministers back tighter fiscal stance for 2024

Euro zone finance ministers on Monday backed a European Commission recommendation to start tightening fiscal policy, gradually phasing out government support against high energy prices to business and households. The European Commission called last week on EU…

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EU executive to propose countries set own fiscal targets for 2024

The European Commission is likely to propose on Wednesday that EU governments set their own deficit-cutting goals when they prepare draft budgets for 2024, pushing ahead with its idea of country-specific debt reduction…

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EU watchdog to tackle banks with too few women on boards

The European Union's banking watchdog said on Tuesday it will crack down on the 28% of banks it found to have failed to implement a mandatory policy on boardroom diversity.…

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EU rewrites climate diplomacy deal to resolve nuclear sticking point

European Union countries intend to push for a global phasing out of fossil fuels among their climate diplomacy priorities this year, which the bloc hopes to approve this week after…

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EU closer to joint arms-buying to aid Ukraine but hurdles remain

The European Union is edging closer to a landmark move into joint procurement of ammunition to help Ukraine and replenish members' stockpiles but major questions regarding funding and scale remain…

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EP President Roberta Metsola visits Ukraine

European Parliament President Roberta Metsola said that she has hope that the EU accession negotiations could begin as early as this year. She said she was impressed by the pace at which…

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Von Der Leyen announces agreement on prosecuting Russia for war crimes

DPA - At an international conference in the western Ukrainian city of Lviv this weekend, an important first step is to be taken to hold Russia accountable for war crimes.…

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Ukraine war is a war between democracy and autocracy – Sakharov laureate

The Russian invasion of Ukraine and the subsequent war is not merely a clash between two nations but a war between two systems, authoritarianism and democracy. As a result, Ukraine…

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EU watchdog says it will visit banks to check on their crisis plans

The European Union's body for winding down failing banks said on Wednesday it would begin on-sight inspections of leading euro zone lenders to check they can be wound down without taxpayer aid…

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Dutch warn against internet toll as EU looks to Big Tech to fund networks

The Netherlands on Monday warned against hitting Big Tech with a so-called internet toll to help pay for billions of euros in network investments, saying such a move may breach…

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EU antitrust regulators scrap investigation into Coca-Cola, bottlers

EU antitrust regulators on Tuesday scrapped an investigation into potential anti-competitive practices by The Coca-Cola Co and its bottlers, Coca-Cola Europacific Partners and Coca-Cola Hellenic, citing insufficient ground for the…

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Spain, Netherlands back quick deal on EU power market reform

Spain and the Netherlands have backed a rapid deal on an upcoming revamp of Europe's electricity market, as countries seek to reduce power costs and help their industries compete in…

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In-Depth – ‘New chapter’- A risk taken, UK’s Sunak announces the Windsor Framework

By Elizabeth Piper and Sachin Ravikumar LONDON, Feb 27 (Reuters) - British Prime Minister Rishi Sunak struck a new deal with the European Union on post-Brexit trade rules for Northern Ireland on…

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EU’s von der Leyen to meet Britain’s King Charles

LONDON (Reuters) - European Commission President Ursula von der Leyen will meet King Charles at Windsor Castle during her visit to Britain on Monday to finalise talks with the British…

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UPDATE UK’s Sunak to meet EU chief in push to finalise Northern Ireland deal

By William James LONDON, Feb 26 (Reuters) - British Prime Minister Rishi Sunak will meet European Union chief Ursula von der Leyen on Monday in an effort to finalise a new deal…

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EU’s von der Leyen to travel to UK for Northern Ireland Brexit talks – joint statement

LONDON, Feb 26 (Reuters) - The leaders of Britain and the European Union will hold face-to-face talks in London on Monday as they seek to finalise a new deal for Northern Ireland's…

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China’s EU ambassador says EU leaders may visit China by mid-2023

BEIJING, Feb 26 (Reuters) - Chinese ambassador to the European Union Fu Cong said European Commission President Ursula von der Leyen and European Council President Charles Michel may visit China in the…

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Zelensky praises EU’s latest sanctions package against Russia

BRUSSELS, Feb 25 (Reuters) - The European Union vowed to increase pressure on Moscow "until Ukraine is liberated" as it adopted a tenth package of sanctions on Russia on Saturday, a day…

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EU expansion crucial for peace in Bosnia, says last President of Yugoslavia

Bosnia and Herzegovina gained European Union candidacy status last December, nearly two decades after the country stated its desire to join the bloc, but the question of eventual EU membership…

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EU foreign policy chief: China providing arms to Russia ‘would be red line’

The EU's top diplomat warned China against providing Russia weapons for its war on Ukraine, after Beijing dismissed US allegations that it was considering sending arms. Josep Borrell said he…

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Hungary must bolster judiciary ‘very soon’ to recover billions from EU – top official

By Gabriela Baczynska BRUSSELS, Feb 18 (Reuters) - Hungary must bolster the independence of its judiciary "very soon" to stand a realistic chance of getting any of the 15.4 billion euros envisaged…

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EU aims to team up with defence industry to speed up ammunition output

MUNICH, Feb 18 (Reuters) - The European Union aims to join forces with the bloc's defence industry to speed up and scale up the production of ammunition badly needed on the battlefield…

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European companies caution EU against major power market revamp

By Kate Abnett and America Hernandez BRUSSELS/PARIS, Feb 17 (Reuters) - Fourteen energy companies have urged the European Union to act with "caution" in an upcoming revamp of the bloc's electricity market,…

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EPP scrap Italy meeting over Berlusconi Ukraine comments

ROME (Reuters) - The European People's Party (EPP) said on Friday it was cancelling a planned event in Naples due to criticism of Ukraine by former Italian Prime Minister Silvio…

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ESG tops regulatory demands in finance as UK, EU rules diverge – KPMG

Financial firms in Britain and the European Union remained under significant pressure to comply with diverging environmental, social and governance (ESG) rules over the past six months, KPMG's Regulatory Barometer showed…

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UPDATED: Some EU leaders ready to give aircrafts to Ukraine – Zelenskiy

BRUSSELS, Feb 9 (Reuters) - Ukrainian President Volodymyr Zelenskiy said several European Union leaders told a summit he attended on Thursday they were ready to provide Kyiv with aircraft to…

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Brussels says EU exit from Energy Charter Treaty ‘unavoidable’

The European Commission has told member countries that a joint EU exit from a controversial international energy treaty appears inevitable, according to a document seen by Reuters, with some of…

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EU’s Breton urges rethink on cross-border telecoms mergers

EU industry chief Thierry Breton urged antitrust regulators on Monday to consider allowing more cross-border mergers in the European telecoms industry, backing calls by Deutsche Telekom, Orange, Telefonica and Telecom…

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EU lawmakers aim for common position on draft AI rules by early March

EU lawmakers hope to agree on draft artificial intelligence rules next month, with the aim of clinching a deal with EU countries by the end of the year, one of the…

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Spain, Portugal urge EU Commission to present proposal for new fiscal framework

Spanish Economy Minister Nadia Calvino on Monday said Spain and Portugal were urging the European Commission to present its proposal on a new fiscal rule for the bloc. EU finance…

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Italy to use EU funds to become energy hub for Europe, Meloni says

ROME, Feb 6 (Reuters) - Italy intends to use funds coming from the European Union under the so-called REPowerEUplan to completely wean itself off Russian gas and turn the country into energy hub…

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Kosovo says ‘yes’ to EU’s peace deal with Serbia, with caveats – PM

PRISTINA (Reuters) - Kosovo's prime minister Albin Kurti said on Monday he accepted a proposed European Union plan aimed at normalising relations with Serbia despite concerns over Western demands to…

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Ukraine wins EU pledges of support, no promise of fast-track accession

KYIV (Reuters) -The European Union offered strong support for Ukraine at a summit in Kyiv as air raid sirens wailed on Friday, but set "no rigid time lines" for its…

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EU commissioner: we don’t want a subsidy war with U.S

The European Union does not want to wage a subsidy war against the United States over its Inflation Reduction Act, EU Commissioner Paolo Gentiloni said in Berlin on Tuesday. The EU Commission plans to present…

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