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The Latest Breaking News from European Union

UK opposition parties to table amendments to delay deletion of 4,000 EU laws

Legal experts say bill, which threatens key workers’ rights, is reckless and badly designed

The Guardian - UK

COP27 nears breakthrough on climate finance in scramble for final deal

Negotiators at the COP27 climate summit in Egypt neared a breakthrough deal on Saturday for a fund to help poor countries being ravaged by the impacts of global warming, but remained locked over how to reduce the greenhouse gas emissions driving them.

Reuters

The Best Oil and Gas Stock to Buy Into the End of 2022

Oil & Gas company Marathon Petroleum’s (MPC) impressive third-quarter results added to its stellar track record. With the EU embargo expected to impact crude supplies from Russia, the fundamentally strong company seems well-positioned to capitalize on opportunities to fulfill the supply gap and deliver impressive returns on investment. Read on….

StockNews.com

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What happened at Cop27 on day 11?

EU agrees to loss and damage fund to help poor countries and activists interrupting proceedings lose their passes

The Guardian - UK

UK-France migration deal: how does Brexit factor into the plan to stop small boats?

A new deal struck between the UK and France to curb the number of people crossing the Channel in small boats has been announced. It involves the UK paying £8 million more to France to increase surveillance and enforcement, mainly on the French coast.

The Conversation

Second draft of Cop27 text: what has changed since the first draft?

Fiona Harvey highlights the forward and backward steps made at the UN climate talks in Egypt

The Guardian - UK

I once sold cheese to Europe. Brexit took my business to the brink of destruction

Prohibitive export charges and paperwork have shattered the bright future promised to small British businesses like mine, says Simon Spurrell, director of the Cheshire Cheese Company

The Guardian - UK

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'We need to overcome national vetoes for solutions on migration,' former Italian FM says

Talking Europe speaks to a veteran of the European and Italian political scenes, former EU Commissioner and former Italian foreign minister Emma Bonino. She shares her thoughts on the bitter dispute between Rome and Paris over the fate of the migrants on the Ocean Viking rescue ship, and says an…

France 24

Jeremy Hunt admits Boris Johnson's Brexit deal led to damaging trade barriers

The Chancellor, who yesterday unveiled an Autumn Statement which experts warn will inflict years of pain on millions of Brits, said it will "take time" to remove barriers affecting trade with the EU

Daily Mirror

Climate talks heading into overtime

SHARM EL-SHEIKH, Egypt: A European Union proposal buoyed hopes of progress at the COP27 climate summit on Friday, its final scheduled day, as the 27-country EU said it would back one of the most contentious proposals — financing for countries harmed by climate-fuelled disasters.

Bangkok Post

Hungary will not support EU aid plan to Ukraine, Orban says

Hungary will not support a European Union plan to provide Ukraine with billions in budget assistance next year, Prime Minister Viktor Orban said on Friday

The Independent UK

'Iron Curtain' in Europe again as miles of barbed wired fences erected on Russia border

After the Russian invasion of Ukraine by Vladimir Putin, EU countries have begun reinforcing their borders over fears they could be swamped with those trying to escape the Kremlin's regime

Daily Mirror

COP27:U.S. envoy Kerry gets COVID as climate talks head into overtime

U.S. Special Climate Envoy John Kerry tested positive for COVID-19 in the final hours of the COP27 climate talks in Egypt, the State Department said on Friday, as tough negotiations for a final deal headed into overtime.

Reuters

EU reversal of stance on loss and damage turns tables on China at Cop27

China is responsible for more cumulative emissions than any country other than the US

The Guardian - UK

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Fortune

Ray Dalio says Europeans have a ‘lower than average work ethic’ that’s making the euro zone a declining power

Dalio said the eurozone "appears to be a strong power in gradual decline."

Reuters

States can't hide behind EU on climate change - German foreign minister

Countries cannot hide behind the European Union when it comes to combating climate change, Germany's foreign minister said on Friday, as negotiations for a final deal at the COP27 climate summit went into extra time.

Reuters

EU trade commissioner offers Ukraine 'unwavering support'

European Union trade commissioner Valdis Dombrovskis offered Ukraine the 27-nation bloc's "unwavering support" on Friday and condemned Russia's "brutal war" on its neighbour during a visit to Kyiv.

The National (Scotland)

Chancellor Jeremy Hunt admits Tory Brexit is barrier to growth

THE Chancellor has admitted Brexit is a barrier to growth as he attempted to defend misery for millions in his austerity budget.

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The Guardian - UK

Jeremy Hunt says axing nom-dom status would be ‘wrong thing’ for UK

Chancellor defends keeping tax status as he warns of ‘challenging times’ and suggests Brexit has affected economy

The Guardian - UK

Summit to be extended to Saturday as talks remain gridlocked – as it happened

The European Union has backed a loss and damage fund, one of the key demands of developing countries at the climate talks

The Independent UK

High energy prices lead to coal revival in Czech Republic

High energy prices linked to Russia's war in Ukraine have paved the way for coal’s comeback in some parts of Europe

The Independent UK

The Latest | UN Climate Summit

EU climate chief Frans Timmermans said Friday that a proposal made by the bloc on funding for loss and damage and mitigation is “a final offer” that seeks to “find a compromise” between nations as negotiators try to find a way forward at the U.N. climate talks in Egypt

The Guardian - UK

Cop27 first-timers from Pakistan, Nigeria and Spain share their experiences

Cop27 attendees who fought hard to be heard share their highs and lows from Egypt

Reuters

EU agrees to climate damage fund, energizing bogged-down COP27 talks

Climate negotiators on Friday were mulling a European Union proposal aimed at resolving an impasse over financing for countries hit by climate-fuelled disasters and pushing the U.N. climate summit in Egypt closer to a final deal.

Reason

Europe Threatens New Tariffs Over Biden's 'Buy American' Tax Credits

Amid initial concerns about the 'Buy American' electric vehicle tax credit, the European Union is now considering further protectionist retaliation.

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