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The Latest Breaking News from European Union

Kwasi Kwarteng considering removing cap on bankers’ bonuses as part of City shake-up

The cap, introduced by the EU in 2014 in response the 2008 financial crash, restricts bankers’ bonuses to twice their salary

Evening Standard

Kwasi Kwarteng to lift cap on banker bonuses; John Lewis slumps to £99m loss –as it happened

Chancellor reportedly plans to lift the EU-imposed banker bonus cap as part of post-Brexit reforms; John Lewis says ‘uniquely uncertain’ outlook puts staff bonuses at risk

The Guardian - UK

Borrell: Iran Nuclear Talks In 'Stalemate'

Negotiations to bring Iran and the US back into the nuclear deal curbing Tehran's nuclear program in exchange for lifting sanctions are in "stalemate", EU foreign policy chief Josep Borrell told AFP on Wednesday. "I am afraid that with the political situation in the US, and so many directions without…

Asharq Al-Awsat

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Ukraine's Zelensky Vows 'Victory' on Visit to Liberated Kharkiv Region

Ukrainian President Volodymyr Zelensky on Wednesday promised "victory" on a visit to the strategic city of Izyum that was recently recaptured from Russia by Kyiv's army in a lightning counter-offensive. The visit came at a decisive moment in Russia's six-month-old invasion, with Ukraine expelling Moscow's forces from swathes of the…

Asharq Al-Awsat

U.S., EU step up pressure on Turkey over Russia sanctions - FT

The United States and European Union are stepping up pressure on Turkey to enforce Russian sanctions, the Financial Times reported on Thursday.

Reuters

France caps energy bills again amid price surge

The French government is extending its energy aid for households and businesses. Price hikes for electricity and gas bills will be capped at 15 percent and low-income families will receive direct payments of €100 to €200 each. Also in the show: Google loses an appeal over a €4.3 billion EU…

France 24

'Sanctions are here to stay': How does Europe plan for winter without Russian gas?

Ursula von der Leyen's message was loud and clear in her State of the European Union address. To drive home the point, the EU Commission President, sporting the yellow and blue of the Ukrainian flag, had Ukraine's First Lady as her guest of honour. We ask about von der Leyen's…

France 24

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£121bn windfall tax on energy companies proposed by EU

EU member states could also be asked to sign up to a legally binding target to cut electricity use by 10% overall

Wales Online

EU limits subsidies for burning trees under renewable energy directive

MEPs vote on amendment to phase down share of wood counted as renewable but reject calls for complete phaseout

The Guardian - UK

‘It’s a win for us’: Serbia’s cancelled EuroPride exposes ongoing LGBTQ+ struggle

Organisers defiant after police ban on Saturday’s parade, which followed anti-pride protests in Belgrade

The Guardian - UK

EU plans £120bn windfall tax on energy firms to curb soaring prices

The EU plan could raise £120 billion to help people pay soaring energy bills

Evening Standard

Take whatever COVID booster you can get, says head of EU drugs watchdog

People in Europe should take whatever COVID-19 booster is available to them in the coming months, Emer Cooke, Executive Director of the European Medicines Agency (EMA), said in a Reuters Next Newsmaker interview ahead of an expected autumn rise in infections.

Reuters

Serbia banning EuroPride 2022 shows hard-won progress for LGBTQ+ rights is under threat

Four days before the streets of Belgrade were to host EuroPride 2022, LGBTQ+ activists were handed a letter from Serbia’s interior ministry informing them that the proposed route for the Pride march had been rejected and telling them to submit a revised route. The catch? The request needed to have…

The Conversation

Russia-Ukraine at a glance: what we know on day 203 of the invasion

Volodymyr Zelenskiy says around 8,000 sq km have been liberated in counteroffensive in north-east Ukraine

The Guardian - UK

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Reuters

Analysis-Google's court setback is good news for landmark EU tech rules

Google's court defeat on Wednesday is set to strengthen EU antitrust regulators' hand against Big Tech as they roll out landmark rules next year to rein in their powers and force them to play fair with rivals.

The Guardian - UK

EU expects to raise €140bn from windfall tax on energy firms

Cap on outsize revenues will bring solidarity from businesses towards struggling customers, says official

Dublin Live

Seagull cull slammed as 'hideous' and 'illegal'

The nests and eggs of the squawking bird can be removed by "any individual" as long as they "represent a threat to public health and safety"

Evening Standard

Google takes £3.6 billion hit after losing competition court case

Tech giant Google suffered a major blow this morning as it was dealt a 4.1 billion euro (£3.6 billion) fine by a European court for impeding rival search engines on its Android devices.

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The National (Scotland)

'They're exploiting us': UK urged to follow EU example on windfall tax plan

THE European Commission is to propose a windfall tax on energy firms in a bid to protect EU citizens from skyrocketing energy bills – sparking…

Radio France Internationale

EU chief vows continued solidarity with Ukraine, energy reform in annual address

In her annual state of the union address, European Union Commission President Ursula von der Leyen has underlined the EU's unshakeable solidarity with Ukraine as she unveiled the bloc's proposals to deal with the impending energy crisis.

Reuters

EU proposes windfall levies on energy firms to ease price pain

The European Union's executive plans to raise more than 140 billion euros ($140 billion) to shield consumers from soaring energy prices by skimming off revenues from low-cost electricity generators and making fossil fuel firms share windfall profits.

The Independent UK

EU Parliament adopts new bloc-wide rules on minimum wages

European Union lawmakers have adopted new legislation aimed at guaranteeing “decent” minimum wages for all workers across the 27-nation bloc

The National (Scotland)

No 10 to respond to EU’s legal threat despite falling on Queen’s mourning period

DOWNING Street has vowed to respond to the European Union’s legal action over the Northern Ireland Protocol ahead of the deadline that falls…

The Independent UK

EU moves to ban products made with forced labor

The European Union has unveiled plans to ban products made with forced labor from the 27-nation bloc’s markets

Al Jazeera

EU chief proposes energy market reform, $140bn revenue cap

Energy market reforms include the taxation of energy companies and decoupling gas prices from overall electricity bills.

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