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The Latest Breaking News from European Commission

Parker-Hannifin Set To Gain EU Antitrust Approval For Meggitt Deal: Reuters

Parker-Hannifin (NYSE:PH) is set to gain EU antitrust clearance for its $8.3 billion bid for Britain's Meggitt plc (OTC:MEGGF) after offering to sell a U.S. factory to address competition concerns, Reuters reported, citing people familiar with the matter. Related: Parker-Hannifin To Acquire Meggitt For ~£6.3B The report noted that PH submitted its offer to the…

Benzinga

EU agrees to stockpile equipment, drugs against chemical, nuclear incidents - sources

The European Union has agreed to launch a stockpiling operation to boost its defences against chemical, nuclear and biological incidents amid concerns over the conflict in Ukraine, according to EU documents and people familiar with the matter.

Reuters

Will Intel save Europe's struggling semiconductor industry?

Intel’s proposed US$30 billion (£23 billion) investment in semiconductor manufacturing capacity across Europe has the potential to significantly boost the continent’s struggling chip industry.

The Conversation

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EU proposes letting Ukraine refugees convert their money into euros

The European Commission proposed on Friday allowing Ukraine refugees to convert their hryvnia currency into euros up to a maximum of around 300 euros ($331.7) person, as part of the bloc's humanitarian assistance to those fleeing the war.

Reuters

EU Proposes Exchange of Ukraine Bank Notes

The European Union’s executive arm is proposing that the 27-nation bloc’s countries allow the millions of refugees fleeing the war in Ukraine to exchange their hryvnia banknotes into the currencies of host member nations. The European Commission said Friday its proposal aims at promoting a coordinated approach within the region,…

Asharq Al-Awsat

China tells EU it will pursue Ukraine peace in its own way

China offered the European Union assurances on Friday that it would seek peace in Ukraine but said this would be on its own terms, deflecting pressure for a tougher stance towards Russia.

Reuters

Germany girds for gas rationing, Europe on edge in Russian standoff

Germany triggered an emergency plan to manage gas supplies on Wednesday that could see Europe's largest economy ration power if a standoff over a Russian demand to pay for fuel with roubles disrupts or halts supplies.

Reuters

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EU readying new Russia sanctions, may retaliate over rouble payments for gas - sources

The European Commission is readying new sanctions against the Kremlin over Russia's invasion of Ukraine, EU sources told Reuters on Wednesday, with the magnitude of the new measures depending on Moscow's stance on gas payments in roubles.

Reuters

EU schools' teachers demand EU employment rights in Brussels protest

Hundreds of teachers at EU schools whose ex-pupils include British Prime Minister Boris Johnson and European Commission head Ursula von der Leyen marched on Wednesday to demand better job security and contracts protected under EU employment laws.

Reuters

EU wants to force fashion firms to make clothes more durable and recyclable

New design rules would also force firms to reveal how much unsold product they send to landfill

The Guardian - UK

EU proposes new rules to discourage disposable fast fashion

The European Union plans to counter the polluting use of trendy fast fashion and is warning consumers to stop using their clothes like disposable facial tissues

The Independent UK

'Stand Up for Ukraine' plan gets political, celebrity help

Ukrainian President Volodymyr Zelenskyy’s call for humanitarian help has been answered by the European Commission, the government of Canada and dozens of celebrities assembled by advocacy nonprofit Global Citizen, including Oscar winners Billie Eilish and Finneas, actor Hugh Jackman, as well as Madonna and top Grammy nominee Jon Batiste

The Independent UK

Russia sanctions: Heineken and Carlsberg join firms severing ties over Ukraine invasion – see full list

Banks, businesses, oligarchs and Cabinet ministers all targeted with harsh economic penalties by Western democracies as punishment for Vladimir Putin’s actions

The Independent UK

EU wants to end golden passport schemes, targets Russians

The European Commission has recommended that the bloc's 27 nations end golden passport schemes that allow wealthy people — among them Russian oligarchs — to buy their way to EU citizenship

The Independent UK

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Reuters

EU seeks end to golden passport schemes, halt to sales of visas to Russians

The European Commission called on EU governments on Monday to end national programmes to sell citizenship to investors, also known as golden passports schemes, and urged them to suspend the sale of visas to Russians and Belarusians.

Irish Mirror

Ireland still biggest producer of plastic packaging per head of population in EU

The 2019 European Commission statistics also show we’re fifth worst at recycling the plastics we produce

Al Jazeera

Russia-Ukraine latest updates: Biden defends Putin remarks

Ukraine news from March 28: Joe Biden refuses to backtrack after saying Vladimir Putin ‘cannot remain in power’.

The Independent UK

EU unveils plan to control soaring gas prices

Countries will purchase gas collectively in bid to exert market power

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The Independent UK

EU leaders reach compromise on energy after long debate

EU leaders struggled for hours Friday to find a compromise on a deal aimed at curbing energy prices that have gone through the roof and hurt households and businesses across the 27-nation bloc

Benzinga

US, European Union Forge Fresh Data Sharing Pact

The E.U. and U.S. broke the deadlock on cross-border data-transfer pact to relieve tech giants like Meta Platforms Inc (NASDAQ: FB), Bloomberg reports. The U.S. also agreed to provide energy to Europe as the Russian invasion of Ukraine threatened to disrupt the continent’s energy supplies, CNBC reports. This new pact will “enable predictable and trustworthy…

Tribune News Service

US, EU reach gas supply deal to reduce dependence on Russia

BRUSSELS — The U.S. and the European Union will push to boost supplies of liquefied natural gas to European countries by the end of 2022 in a bid to begin to displace some Russian gas, a political framework that now leaves companies to sort out the details.

The Independent UK

US, EU sign data transfer deal to ease privacy concerns

The European Union and United States made a breakthrough in their yearslong battle over the privacy of data that flows across the Atlantic with a preliminary agreement that paves the way for Europeans’ personal information to be stored in the U.S. President Joe Biden and European Commission President Ursula von…

The Guardian - UK

ClientEarth launches legal action against EU over unsustainable fishing quotas

Exclusive: Over-exploitation of fish stocks was supposed to end in 2020 under common fisheries policy

Reuters

U.S., EU strike LNG deal as Europe seeks to cut Russian gas

The United States will work to supply 15 billion cubic metres of liquefied natural gas (LNG) to the European Union this year to help it wean off Russian energy supplies, the transatlantic partners said on Friday.

Benzinga

US, EU Ink Deal As Europe Explores Options To Cut Russian Gas: Reuters

U.S. President Joe Biden and European Commission President Ursula von der Leyen announced the formation of a task force to reduce Europe's reliance on Russian oil.

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