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The Latest Breaking News from European Commission

EU Court’s Wednesday Ruling on Record $4.4b Google Fine May Set Precedent

A ruling on Wednesday by Europe's General Court on whether Alphabet's (GOOGL.O) Google should face a record EU antitrust fine of 4.34 billion euro ($4.4 billion) for using its Android mobile operating system to quash rivals could set a precedent for other regulators looking into its business practices. Google will…

Asharq Al-Awsat

Live: EU plans 'comprehensive reform' of electricity market, EU chief says in annual address

Live: EU plans 'comprehensive reform' of electricity market, EU chief says in annual address

Europe's fears of a long winter with scarce energy supplies because of Russia's war in Ukraine topped an annual speech by EU chief Ursula von der Leyen on Wednesday.

Ukraine's first lady to be guest of honor at EU State of Union

Ukraine's first lady to be guest of honor at EU State of Union

Ukrainian first lady Olena Zelenska will be the guest of honor at Wednesday's EU State of the Union, European Commission President Ursula von der Leyen announced on Tuesday on Twitter.

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EU chief to announce Union will wean itself off Russian oil and gas

The speech is an annual event where the Commission ‘s President sets out her priorities for the year.

Factbox-Europe's crisis measures to tackle energy price spike

The European Union's executive proposed emergency measures on Wednesday aimed at pulling down surging gas and power prices that are stoking inflation, hampering industrial activity and inflicting sky-high bills upon citizens ahead of winter.

EU plans Sept 30 summit to greenlight emergency energy plans

European Union energy ministers will attempt to approve new bloc-wide measures to pull down soaring gas and power prices at an emergency summit on Sept. 30, after Brussels announces the proposals this week.

Europe hopes to reap political dividends from an expensive winter

The war in Ukraine forces the EU to decouple from Russian energy and teaches the bloc some hard lessons, say analysts.

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EU eyes levy on fossil fuel firms to help consumers survive energy crisis

EU eyes levy on fossil fuel firms to help consumers survive energy crisis

Fossil fuel firms may have to share their excess profits to help European households and industries cope with red-hot energy bills, a draft European Union plan showed on Monday as the cost of the West's "energy war" with Russia took a growing toll.

EU cautious on Hungary's 'charm offensive' as billions of funds hang in balance -sources

EU cautious on Hungary's 'charm offensive' as billions of funds hang in balance -sources

The European Commission wants to see more action from Hungary on stepping up anti-corruption safeguards before Brussels agrees to unlock EU funds, EU sources said.

EU readies energy package, countries split over gas price cap

EU readies energy package, countries split over gas price cap

The European Union is set to unveil a package of proposed emergency measures this week including a windfall profit levy on energy firms, but countries are split over the details and whether to impose a cap on gas prices.

Brexit: EU’s Sefcovic offers to reduce NI border controls to ‘couple of lorries a day’

Brexit: EU’s Sefcovic offers to reduce NI border controls to ‘couple of lorries a day’

GB-NI trade border can be almost ‘invisible’, says European Commission VP in bid to restart talks

The Independent UK

Russia-Ukraine war: List of key events, day 199

Russia-Ukraine war: List of key events, day 199

As the Russia-Ukraine war enters its 199th day, we take a look at the main developments.

Ukraine-Russia war: residents of Russian-controlled Kharkiv told to evacuate as Ukrainian counter-offensive advances – as it happened

Ukraine-Russia war: residents of Russian-controlled Kharkiv told to evacuate as Ukrainian counter-offensive advances – as it happened

Russian-installed administrator makes announcement after occupying forces pull out of two key towns in face of Ukrainian offensive

The Guardian - AU

Report: Ukraine Reconstruction to Cost $349 Bn

Report: Ukraine Reconstruction to Cost $349 Bn

Rebuilding Ukraine following the devastation caused by the Russian invasion will cost an estimated $349 billion, according to a report issued Friday. But the figure, which totals 1.5 times the size of the Ukrainian economy, is considered a minimum and is expected to grow in the coming months as the…

Asharq Al-Awsat

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The Guardian - AU

Ukraine-Russia war latest: what we know on day 199 of the invasion

Russia sends reinforcements to Kharkiv region amid Ukrainian counter-offensive; Zaporizhzhia nuclear plant situation increasingly precarious, says UN watchdog

Late Late Toy Show star Adam King hailed by EU Commission President for his 'symbol of hope' during Covid-19

"His idea travelled far and wide and helped us to collectively heal"

The Guardian - UK

‘Nothing is decided’: EU energy ministers clash over price cap on Russian gas

Countries that import large volumes fear Kremlin would respond by halting all gas flows, plunging them into recession

Rebuilding Ukraine after Russian invasion may cost $350 billion, experts say

Russia's invasion caused over $97 billion in direct damages to Ukraine through June 1, but it could cost nearly $350 billion to rebuild the country, a report released Friday by the World Bank, Ukrainian government and European Commission shows.

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Asharq Al-Awsat

UN: Evidence of Russia Taking Ukrainian Children

The United Nations cited "credible accusations" Wednesday that Moscow's forces have forcibly taken Ukrainian children to Russia, while Russian President Vladimir Putin accused the West of benefitting from the eased grain blockade. Kyiv meanwhile said its forces had recaptured significant territory in a counter-offensive southeast of Kharkiv that experts say…

Important Biotech Catalysts For September 7, 2022 - End Of The Day Summary

The U.S. Food and Drug Administration (FDA) has granted Breakthrough Therapy Designation to Pfizer’s (NYSE:PFE) lead drug GBS6 or PF-06760805 for the prevention of invasive GBS disease due to the vaccine serotypes in newborns and young infants by active immunization of their mothers during pregnancy. Pfizer shares traded in a…

EU proposes Russian gas price cap, windfall tax

The European Union is proposing a cap on the price of Russian natural gas, despite Vladimir Putin threatening to cut off supplies for any market that does so. European Commission President Ursula von der Leyen is also asking energy ministers to consider imposing a windfall tax on companies that have…

EU plans to cap Russian gas price as Putin issues warning

Russian President Vladimir Putin threatens to cut off all energy supplies if Brussels were to impose a cap.

Tribune News Service

European regulators move to block Illumina's $7.1 billion acquisition of Grail

Europe's antitrust regulator on Tuesday moved to block San Diego's Illumina from acquiring Grail — one week after a U.S. administrative law judge found that the blockbuster $7.1 billion merger should be allowed to stand.

The Independent UK

EU wants price cap on Russian gas, energy companies to pay

European Commission President Ursula von der Leyen says European Union countries should set a price cap on Russian natural gas

EU proposes raising targets for children in nurseries, kindergartens

The European Commission on Wednesday proposed raising non-binding targets for early childhood education and guaranteeing affordable long-term care services in a bid to support the sector and improve women's participation in the labour market.

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