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The Latest Breaking News from European Commission

EU eyes levy on fossil fuel firms to help consumers survive energy crisis

Fossil fuel firms may have to share their excess profits to help European households and industries cope with red-hot energy bills, a draft European Union plan showed on Monday as the cost of the West's "energy war" with Russia took a growing toll.

Reuters

EU cautious on Hungary's 'charm offensive' as billions of funds hang in balance -sources

The European Commission wants to see more action from Hungary on stepping up anti-corruption safeguards before Brussels agrees to unlock EU funds, EU sources said.

Reuters

EU readies energy package, countries split over gas price cap

The European Union is set to unveil a package of proposed emergency measures this week including a windfall profit levy on energy firms, but countries are split over the details and whether to impose a cap on gas prices.

Reuters

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Brexit: EU’s Sefcovic offers to reduce NI border controls to ‘couple of lorries a day’

GB-NI trade border can be almost ‘invisible’, says European Commission VP in bid to restart talks

The Independent UK

Russia-Ukraine war: List of key events, day 199

As the Russia-Ukraine war enters its 199th day, we take a look at the main developments.

Al Jazeera

Ukraine-Russia war: residents of Russian-controlled Kharkiv told to evacuate as Ukrainian counter-offensive advances – as it happened

Russian-installed administrator makes announcement after occupying forces pull out of two key towns in face of Ukrainian offensive

The Guardian - AU

Report: Ukraine Reconstruction to Cost $349 Bn

Rebuilding Ukraine following the devastation caused by the Russian invasion will cost an estimated $349 billion, according to a report issued Friday. But the figure, which totals 1.5 times the size of the Ukrainian economy, is considered a minimum and is expected to grow in the coming months as the…

Asharq Al-Awsat

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Ukraine-Russia war latest: what we know on day 199 of the invasion

Russia sends reinforcements to Kharkiv region amid Ukrainian counter-offensive; Zaporizhzhia nuclear plant situation increasingly precarious, says UN watchdog

The Guardian - AU

Late Late Toy Show star Adam King hailed by EU Commission President for his 'symbol of hope' during Covid-19

"His idea travelled far and wide and helped us to collectively heal"

Irish Mirror

‘Nothing is decided’: EU energy ministers clash over price cap on Russian gas

Countries that import large volumes fear Kremlin would respond by halting all gas flows, plunging them into recession

The Guardian - UK

Rebuilding Ukraine after Russian invasion may cost $350 billion, experts say

Russia's invasion caused over $97 billion in direct damages to Ukraine through June 1, but it could cost nearly $350 billion to rebuild the country, a report released Friday by the World Bank, Ukrainian government and European Commission shows.

Reuters

UN: Evidence of Russia Taking Ukrainian Children

The United Nations cited "credible accusations" Wednesday that Moscow's forces have forcibly taken Ukrainian children to Russia, while Russian President Vladimir Putin accused the West of benefitting from the eased grain blockade. Kyiv meanwhile said its forces had recaptured significant territory in a counter-offensive southeast of Kharkiv that experts say…

Asharq Al-Awsat

Important Biotech Catalysts For September 7, 2022 - End Of The Day Summary

The U.S. Food and Drug Administration (FDA) has granted Breakthrough Therapy Designation to Pfizer’s (NYSE:PFE) lead drug GBS6 or PF-06760805 for the prevention of invasive GBS disease due to the vaccine serotypes in newborns and young infants by active immunization of their mothers during pregnancy. Pfizer shares traded in a…

Benzinga

EU proposes Russian gas price cap, windfall tax

The European Union is proposing a cap on the price of Russian natural gas, despite Vladimir Putin threatening to cut off supplies for any market that does so. European Commission President Ursula von der Leyen is also asking energy ministers to consider imposing a windfall tax on companies that have…

France 24

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Al Jazeera

EU plans to cap Russian gas price as Putin issues warning

Russian President Vladimir Putin threatens to cut off all energy supplies if Brussels were to impose a cap.

Tribune News Service

European regulators move to block Illumina's $7.1 billion acquisition of Grail

Europe's antitrust regulator on Tuesday moved to block San Diego's Illumina from acquiring Grail — one week after a U.S. administrative law judge found that the blockbuster $7.1 billion merger should be allowed to stand.

The Independent UK

EU wants price cap on Russian gas, energy companies to pay

European Commission President Ursula von der Leyen says European Union countries should set a price cap on Russian natural gas

Reuters

EU proposes raising targets for children in nurseries, kindergartens

The European Commission on Wednesday proposed raising non-binding targets for early childhood education and guaranteeing affordable long-term care services in a bid to support the sector and improve women's participation in the labour market.

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Reuters

EU to propose price cap on Russian gas, von der Leyen says

The European Commission will propose a price cap on Russian gas, alongside measures including a mandatory EU cut in electricity use and a ceiling on the revenue of non-gas power generators, the bloc's chief said on Wednesday.

Investors Business Daily

Illumina Stock Pops After European Regulators Block $8 Billion Deal

Illumina stock jumped Tuesday after the EC blocked its acquisition of Grail — another step in a battle over the early cancer-detection outfit.

Benzinga

Top Financial Stories Tuesday, September 6: Focus on iPhone 14 Event, OPEC+ Plans Mild Production Cut, Netflix Says No To Crypto Ads And More…

Reuters EQT Corp Close To Buying THQ Appalachia

The Independent UK

Commissioner: EU to unveil new responses to energy crisis

The European commissioner for energy says the EU's next steps for addressing the continent’s worsening energy crisis following Russia’s invasion of Ukraine are expected to be unveiled next week

Evening Standard

World leaders react to Liz Truss’s appointment as Prime Minister of the UK

Keir Starmer and Nicola Sturgeon congratulated Truss but urged the new Tory leader to address the cost-of-living crisis

Reuters

Hungary to set up anti-corruption body in bid to unlock EU funds

Hungary will create an anti-corruption authority and a working group involving non-government organisations to oversee the spending of European Union funds, the government said in a decree in its official gazette late on Monday.

Evening Standard

Emmanuel Macron calls for ‘strengthened co-operation’ between UK and France

The French president gave his comments following Liz Truss’s selection as the new UK prime minister.

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