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The Latest Breaking News from European Commission

Ukraine war prompts EU to cut Poland some slack in rule of law dispute

Sources say European commission ready to release billions in locked recovery funds

The Guardian - UK

Germany Could Offer Intel €5B Subsidy For €17B Chip Plant: Bloomberg

Germany Could Offer Intel €5B Subsidy For €17B Chip Plant: Bloomberg

Germany looks to offer Intel Corp (NASDAQ:INTC) with a grant of over €5 billion ($5.5 billion) in public funds to build a massive semiconductor plant, Bloomberg reports. The final subsidy is subject to the approval of the European Commission. Related Content: Global Efforts To Reduce Semiconductor Dependence Will Further Exacerbate Crisis: Bloomberg Intel looks…

Intel to Announce Details of Europe Investment Plans on Tuesday

Intel to Announce Details of Europe Investment Plans on Tuesday

Intel plans to announce details on Tuesday of its investment plans for semiconductor research and manufacturing in Europe, hinting that it has finalized locations for new factories. The US chipmaker unveiled plans last September to invest as much as $95 billion in Europe over the next decade, and Chief Executive…

Asharq Al-Awsat

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War in Ukraine could cut global supply of essential elements for making green technology

The EU imports 40% of its natural gas from Russia, and nearly half of the five million barrels of crude oil Russia exports daily go to Europe. Fossil fuel revenue funds Putin’s aggression in Ukraine, and for this reason, the European Commission recently announced plans to eliminate Russian fuel imports…

The Conversation

Could energy independence from Russia spur a shift to renewables?

European energy experts and the ECB say such a transition will involve higher energy costs and some hardship.

EU to keep talking with Bulgaria until enlargement spat solved, Borrell says

The European Commission will continue talking to Bulgaria to get its approval for accepting North Macedonia into the bloc, the EU's foreign policy chief Josep Borrell said on Monday.

EU Unveils Fourth Set of Sanctions against Russia

The European Union will suspend Moscow's privileged trade and economic treatment, crack down on its use of crypto-assets and ban exports to Russia of EU luxury goods and import of iron and steel goods, the head of the European Commission said on Friday. The new measures amount to a fourth…

Asharq Al-Awsat

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European Recommendation On Valneva's COVID-19 Shot Pushed Into April

European Recommendation On Valneva's COVID-19 Shot Pushed Into April

Valneva SE (NASDAQ:VALN) now expects a positive recommendation from the European Medicines Agency (EMA) for its VLA2001 COVID-19 candidate vaccine in April. Earlier, the Company expected the European recommendation by the end of March. As announced in February, Valneva received a list of questions as part of the CHMP's initial assessment, to which…

EU, UK Launches Antitrust Investigations On Google, Meta

EU, UK Launches Antitrust Investigations On Google, Meta

EU and U.K. antitrust regulators launched parallel investigations into Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) unit Google and Facebook parent Meta Platforms Inc (NASDAQ:FB) over a 2018 ad deal, CNBC reports. The European Commission and the U.K.’s Competition and Markets Authority investigated whether the pact between the two tech giants dubbed “Jedi Blue” squeezed competitors out of…

Google, Meta Face EU Probe into Possible Competition Breach

Google, Meta Face EU Probe into Possible Competition Breach

The European Union threatened to crack down on an agreement between Google and Facebook parent Meta for online display advertising services, saying Friday that the deal may breach the bloc’s rules on fair competition. The EU’s competition watchdog opened a probe into a 2018 pact involving the participation of Meta’s…

Asharq Al-Awsat

EU leaders to offer stronger bonds, deeper partnership to Ukraine -draft

EU leaders to offer stronger bonds, deeper partnership to Ukraine -draft

European Union leaders will offer to strengthen the bloc's bonds with Ukraine and deepen its partnership as the European Commission assesses if Kyiv is ready to become a candidate for full EU membership, a draft EU declaration showed.

EU announces plan to slash Russian gas imports this year

EU announces plan to slash Russian gas imports this year

The European Commission has announced a plan to reduce gas imports from Russia by two-thirds this year.

EU Commission proposes EU-wide laws to combat violence against women

EU Commission proposes EU-wide laws to combat violence against women

The European Commission proposed on Tuesday European Union-wide rules to fight violence against women, to protect and support victims and to prevent such violence in the first place.

Exclusive-EU to sanction more Russian oligarchs, Belarus banks over Ukraine invasion -sources

Exclusive-EU to sanction more Russian oligarchs, Belarus banks over Ukraine invasion -sources

The European Commission has prepared a new package of sanctions against Russia and Belarus over the invasion of Ukraine that will hit additional Russian oligarchs and politicians and three Belarusian banks, three sources told Reuters on Tuesday.

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Ukrainians are 'dying for European values… we want them in': EU's Sefcovic

In an interview with FRANCE 24, European Commission Vice-President Maros Sefcovic condemned Russia's attack on Ukraine's Zaporizhzhia nuclear power plant as "absolutely irresponsible" and called the Russian invasion of Ukraine an "absolutely senseless war". Sefcovic also welcomed Ukraine's bid for EU membership, saying that Ukrainians are "dying for European values…

Russian gas supplies to Europe decline sharply

Shipments of Russian natural gas through the Yamal Pipeline have sharply declined, a week after Russian troops invaded Ukraine. Gazprom insists it's fulfilling all of its European contracts, but the data has underscored the EU's dependence on Russian energy imports. European Commission President Ursula von der Leyen says ending that…

Facing an existential threat, Ukraine seeks ‘immediate’ EU membership – but can the bloc deliver?

President Volodymyr Zelensky has asked that Ukraine be granted "immediate" EU membership “via a new special procedure" and signed an official application for candidacy. But despite the stated backing of several MEPs, heads of state and even European Commission president Ursula von der Leyen, such support is largely symbolic; the…

EU Commission proposes temporary residence rights for Ukraine refugees

The European Commission on Wednesday proposed to grant temporary protection to people fleeing war in Ukraine, including a residence permit and access to employment and social welfare.

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Radio France Internationale

EU dampens Ukraine plea for 'immediate' membership despite strong support

The European Union has poured cold water on a plea from Ukrainian President Volodymyr Zelensky for "immediate" membership to the bloc despite strong support from eastern EU states.

The Conversation

Ukraine war: RT coverage is biased and misleading but banning the network may not be a good idea

YouTube has blocked access across Europe to Russia’s state-funded international broadcasters, RT (formerly Russia Today) and Sputnik – including to the UK. The decision follows the announcement on February 27 of expanded sanctions against Russia by the European Commission, which saw RT, Sputnik and their subsidiaries, banned across the EU.…

Italy Leans On Intel, Other Chipmakers To Boost Capacity

Italy looks to earmark over €4 billion ($4.6 billion) until 2030 to boost domestic chip manufacturing as it seeks to attract more investment from tech companies like Intel Corp (NASDAQ:INTC), Reuters reports. Brussels has made available €15 billion in additional public and private investment by 2030, on top of €30 billion of public…

Russia's Putin united EU and NATO - EU Commission head

The Russian invasion of Ukraine has united the 27-nation European Union and the NATO military alliance, the head of the European Commission Ursula von der Leyen said on Tuesday.

EU commission proposes sanction on RT, Sputnik access to Europe

The European Commission is seeking EU countries' approval to sanction Russian state-controlled media outlets RT and Sputnik by restricting their access to the European media market regardless of their distribution channel.

Polish PM to discuss EU membership for Ukraine with European Commission's von der Leyen

Poland's Prime Minister Mateusz Morawiecki will discuss support for Ukraine joining the European Union with European Commission President Ursula von der Leyen in Brussels on Tuesday, a government spokesman said.

EU plans summit with China on April 1 to address tensions

The European Union will hold a summit with China on April 1 in an attempt to diffuse growing tensions between the two, European Commission Vice-President and EU trade chief Valdis Dombrovskis said on Monday.

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