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EU decides on $60 price cap for Russian oil
According to diplomats, the EU states have agreed on a price cap of $60 per barrel for Russian oil transported by sea. With an adjustment mechanism, the cap should also always be kept at five percent below the market price, an EU diplomat told the Reuters news agency. Poland, which has insisted on the lowest […] continue reading →
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Habeck wants to examine state involvement in electricity grid operator Tennet
German Economy Minister Robert Habeck wants to examine a state entry into the electricity grid operator Tennet. The Green politician said on Wednesday that there were talks with Tennet to analyze the financial situation for the German business once again. He could not comment further on the talks. However, he made no secret of the […] continue reading →
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EU Commission wants to force Russia to pay reparations
The EU Commission wants to use frozen assets of the Russian Central Bank to force Russia to pay reparations after a possible end to the war against Ukraine. Officials said Wednesday that the re-release of the funds could be tied to a peace deal that includes Russian reparations. Some €300 billion in central bank reserves […] continue reading →
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Lagarde: inflation peak probably not yet reached
The European Central Bank (ECB) is keeping all doors open for interest rate hikes in the fight against inflation, according to its president Christine Lagarde. How much further the ECB will have to go and how quickly it will have to get there will depend on a wide variety of factors, Lagarde said Monday in […] continue reading →
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€265 million fine against Meta in Ireland
Following the publication of personal data of up to 533 million Facebook users, parent company Meta must pay a fine of €265 million in the Republic of Ireland. This brings the total fines for Meta in the EU state to €910 million over the past 14 months. The Irish Data Protection Commission (DPC) said Monday […] continue reading →
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Energy crisis: Italy plans 50 percent excess profits tax
Italy plans to skim 50 percent of excess profits next year in the energy crisis when large corporations have unusually high revenues. That’s according to a draft of the government in Rome for the 2023 budget, which the news agency Reuters was able to view. Companies that profit from increased oil and gas prices are […] continue reading →
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Amazon could soon reach agreement in antitrust dispute
According to insiders, Amazon could reach an agreement in the antitrust dispute with the European Union by the end of the year. It is possible that an EU decision could come by the end of 2022, sources said on Friday. EU antitrust watchdogs declined to comment. Amazon said on request that the online retailer was […] continue reading →
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EU negotiations on Anti-Coercion Instrument begin
The European Parliament, the EU Council and the EU Commission start their negotiation talks on the planned trade instrument against economic coercion today, Monday. Great hopes are placed on the Anti-Coercion Instrument (ACI): It is designed to give the European Union the opportunity to better defend itself against coercive economic measures by third countries – […] continue reading →
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Kremlin accuses EU Parliament of hatred of Russia
In response to Russia’s condemnation as a state sponsor of terrorism, the Kremlin has accused the European Parliament of “unbridled Russophobia and hatred of Russia.” There is a “huge deficit of professionalism” in the EU Parliament, Kremlin spokesman Dmitry Peskov said Sunday on Russian state television, according to the Itar-Tass agency. He added that the […] continue reading →
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European Parliament: no EU billions for Hungary
EU states are to freeze several billion euros because of rule of law deficiencies in Hungary, according to the European Parliament. The measures proposed by Hungary for a better rule of law are not sufficient to address existing systemic risks, the EU Parliament said. Earlier, a majority of MEPs approved a resolution to that effect […] continue reading →
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MEPs call for exit from ETC
The EU Parliament will support the EU’s withdrawal from the Energy Charter Treaty (ECT) if asked to do so. MEPs adopted a resolution to this effect on Thursday. They call on the Commission to start the process for a coordinated EU exit from the Energy Charter Treaty without delay and appeal to the Council to […] continue reading →
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Lindner and Le Maire seek way out of crisis
Against the backdrop of Franco-German disagreements, German Federal Minister of Finance Christian Lindner (FDP) has sought a common course in the crisis with his Parisian counterpart Bruno Le Maire. At the meeting in Paris on Thursday, both cited the fight against inflation as a top priority, as well as more targeted aid for distressed households […] continue reading →
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Antitrust authorities intensify scrutiny of Microsoft
Microsoft is likely to face an EU antitrust investigation as regulators intensify their scrutiny into its practices in a case triggered by Salesforce.com’s workspace messaging app Slack, people familiar with the matter said on Thursday. Last year, Slack complained to the European Commission, saying that Microsoft has unfairly integrated its workplace chat and video app Teams into […] continue reading →
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EU quota for women in supervisory boards adopted
From 2026, a quota for more women at the top of listed companies will apply in the EU. As the institution announced, the EU Parliament adopted a corresponding law on Tuesday. Since the member states have also already approved it, the way is now clear. EU countries must transpose the provisions into national law within […] continue reading →
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Vote on reform of Energy Charter postponed
Yesterday on Tuesday, no vote was taken on the reform of the Energy Charter. The item was taken off the agenda at the last moment. The EU Commission lacked the mandate to participate in the vote. As a result, the necessary quorum for the vote could not be reached. In June, the 53 ECT states […] continue reading →
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Greens: no quick EU accession of Ukraine
After meeting with government officials, military leaders, and civil society in the Ukrainian capital of Kyiv, several Green Party politicians have expressed doubts about the country’s early accession to the EU. In doing so, they warn of disappointment. “We have to deal honestly with Ukraine,” said Anton Hofreiter, Chairman of the Bundestag’s European Affairs Committee. […] continue reading →
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Forest strategy: Agriculture and Fisheries Council criticizes fragmentation of policy areas
During a debate on the EU forest strategy, the Agriculture and Fisheries Council criticized the progressive fragmentation of the EU’s forest-related policy areas (Europe.Table reported). Cooperation between the Commission, member states and stakeholders also needs to be improved to guarantee a coherent framework for forest policy in the EU, ministers said at their meeting in […] continue reading →
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Agricultural support: Commission approves CAP strategic plan
The European Commission has approved the German government’s strategic plan for the Common Agricultural Policy (CAP). After a lengthy stalemate, the Brussels-based authority gave the green light on Monday for the revised rules for the funding period from 2023. “With the CAP strategic plan, we are supporting the necessary transformation process of agriculture, strengthening the […] continue reading →
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