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The Latest Breaking News from the European Commission

EU tells China to play constructive role towards peace in Ukraine

The European Commission repeated calls on Thursday for China to play a constructive role in establishing peace in Ukraine, after a top EU diplomat met Li Hui, China's special representative for Eurasian Affairs and former ambassador to Russia.

Reuters

Analysis-Europe hits resistance in race to finalise green laws

Increased political resistance to new EU laws to protect the environment has left the European Commission fighting to keep intact its vision for Europe's green transition.

Reuters

Court annuls EU approval of $140 million of COVID-19 aid for Italian airlines

A top European Union court has ruled that the European Commission was wrong to approve millions of euros (dollars) in aid to help Italian airlines cope with the impact of COVID-19 restrictions

The Independent UK

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Survivors call for effective EU law to tackle child sex abuse

Debates on a new legislation to tackle childhood sexual violence online and offline are under way in the European Union.

Al Jazeera

France raises guard for 2024 Paris Olympic Games security threats

France will deploy 35,000 security agents and the military to secure the 2024 Olympic Games opening ceremony from security threats

The New Daily

Olympics-France prepares its guard against drone strikes, security threats

France will deploy 35,000 security agents and the military to secure the 2024 Olympic Games opening ceremony, a river parade through the heart of Paris, from security threats including drone strikes, the interior minister said.

Reuters

Meta hit with $1.3 billion privacy fine and told to stop sending Europeans' data to U.S.

The company could have to pull Facebook and Instagram out of Europe.

Fortune

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Microsoft, Activision and the battle with competition tsars

In a “striking show of leniency by a notoriously tough regulator”, the European Commission has approved Microsoft’s $69bn megadeal with games-maker Activision Blizzard, said DealBook in The New York Times – just weeks after the UK’s competition regulator threw it out.

The Week

European Commission Inaction Is Putting The EU’s Insurance Market At Risk

The Romanian Financial Supervisor Authority announced its bankruptcy proceedings against City Insurance SA.

Zenger

French unemployment stays at lowest level since 1982

France's jobless rate has been steady at 7.1 percent since the last quarter of 2022 – the lowest level since 1982. Youth unemployment stands at more than 5 percentage points below pre-pandemic levels. The new data could boost President Emmanuel Macron's economic credentials as he seeks to achieve full employment.…

France 24

Microsoft president clarifies EU cloud agreement, popular games will be 'automatically' licensed to competitors and 'this will apply globally'

This is what got the Activision Blizzard deal over the line with EU regulators.

PC Gamer

UK and EU to ‘strengthen co-operation’ on migration, says Downing Street

The Prime Minister met the president of the European Commission at a summit in Iceland

Evening Standard

UK and EU to ‘strengthen co-operation’ on migration – Downing Street

The Prime Minister met the president of the European Commission at a summit in Iceland.

The Independent UK

Ursula von der Leyen steps up calls for tribunal for Russia’s ‘crime of aggression’

Speaking before Council of Europe summit, European Commission president says ‘accountability for Russia’ will be big topic

The Guardian - UK

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Windows Central

Satya Nadella: 'Wait for it all to play out' when asked about pulling out of the UK over Xbox-ABK deal

As the storied effort of Microsoft to acquire Activision Blizzard continues and theories fly left and right, we've got some additional commentary from Microsoft CEO Satya Nadella regarding the situation.

The Guardian - UK

UK watchdog denies it blocked Microsoft deal on orders of US regulator

CEO of Competition and Markets Authority tells MPs decision not to allow acquisition of Activision Blizzard based on ‘own analysis’

The Independent UK

There will be no renegotiation of the Windsor Framework – Cleverly

The UK Government and EU unveiled the Windsor Framework earlier this year as a means of resolving post-Brexit trading difficulties.

Barchart

Dollar Ticks Lower as Stocks Gain

The dollar index (DXY00 ) on Monday fell by -0.24%. The dollar on Monday retreated from a 5-week high and posted moderate losses as stocks moved higher, curbing liquidity demand for the dollar. The dollar was also under pressure after the U.S. May Empire manufacturing index fell more than expected...

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GamesRadar

The EU will require Microsoft to bring Activision games to its cloud competitors if the buyout is successful

The European Commission has approved Microsoft's Activision deal, but there are conditions

TechRadar

EU approves Microsoft’s acquisition of Activision Blizzard, subject to certain “commitments”

The European Commission has announced that it has approved Microsoft’s acquisition of Activision Blizzard.

Evening Standard

EU approves Microsoft’s Activision takeover in break with UK competition watchdog

The CMA blocked the deal last month

Barchart

Stocks Rise on Optimism About the Debt Ceiling

The S&P 500 Index ( $SPX ) ( SPY ) is up +0.09%, the Dow Jones Industrials Index ( $DOWI ) ( DIA ) is up +0.01%, and the Nasdaq 100 Index ( $IUXX ) ( QQQ ) is up +0.35%. U.S. stock index futures this morning are moderately higher...

Barchart

Stocks Mixed as Hawkish Fed Comments Push Bond Yields Higher

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.03%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.05%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.05%. U.S. stocks this morning gave up an early advance...

Daily Mirror

Microsoft Activision Blizzard deal approved by EU regulators as CMA issue response

The EU regulators have approved the Microsoft Activision deal despite agreeing with the CMA's concerns around cloud gaming

GamesRadar

Microsoft's Activision Blizzard deal approved by European Union

The deal is approved after the European Commission's investigation

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