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The Latest Breaking News from European Commission

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.

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

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.

EU seeks $140 billion to insulate consumers from energy crisis

EU seeks $140 billion to insulate consumers from energy crisis

The European Union's executive outlined plans on Wednesday to raise more than $140 billion from energy firms to help shield households and businesses from soaring prices that threaten economic recession and insolvencies.

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EU proposes banning products made with forced labour

The European Commission proposed on Wednesday an EU ban on products made using forced labour with legislation that will add to existing U.S. pressure on China, but will likely change before it enters force.

‘Putin will fail and Europe will prevail,’ EU chief tells MEPs

European Commission president also vows to speed Ukraine’s EU integration in wide-ranging speech

The Guardian - UK

EU nations told not to 'appease' Russia as desperate Putin 'uses kit from North Korea'

European Commission President Ursula von der Leyen said the EU's alliance with Ukraine would be 'unshakeable' and 'this is the time for us to show resolve, not appeasement'

EU to slap windfall tax on oil giants to send profits to 'those who need it'

European Commission President Ursula von der Leyen said 'it is wrong to receive extraordinary profits benefiting from war' as EU chiefs drew up plans for this winter

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EU executive chief backs call to reform way bloc acts and decides

EU executive chief backs call to reform way bloc acts and decides

European Commission President Ursula von der Leyen voiced her support on Wednesday for the idea of reforming EU institutions through an update of the European Union's treaties, something she said citizens had shown they wanted.

Energy bill help for businesses will start from October even if payments have to be backdated, says No 10 – as it happened

Energy bill help for businesses will start from October even if payments have to be backdated, says No 10 – as it happened

Assurance comes after reports that crucial support scheme may not be in operation until November

The Guardian - UK

EU executive to recommend cutting billions for Hungary - sources

EU executive to recommend cutting billions for Hungary - sources

The European Union executive will recommend suspending billions of euros earmarked for Hungary over corruption woes, two officials told Reuters on Wednesday, in what would be the first such move against Prime Minister Viktor Orban.

Future of Georgia, Ukraine, Moldova, W.Balkans lies in EU, chief says

Future of Georgia, Ukraine, Moldova, W.Balkans lies in EU, chief says

The European Union is not complete without Ukraine, Moldova, Georgia and Western Balkan countries, the head of the 27-nation bloc's executive said in an annual policy speech on Wednesday.

EU chief proposes electricity market reform, revenue cap

EU chief proposes electricity market reform, revenue cap

European Commission President Ursula von der Leyen wants to cap the revenues of electricity producing companies that are making extraordinary profits due to the war in Ukraine and climate change

The Independent UK

EU Says Solidarity with Ukraine ‘Unshakeable’, Lays Out Energy Spike Solutions

EU Says Solidarity with Ukraine ‘Unshakeable’, Lays Out Energy Spike Solutions

The European Commission unveiled on Wednesday a series of proposals to curb the energy price spike that has hit Europe in the wake of Russia's invasion of Ukraine, while stressing that the bloc's solidarity with Kyiv would be "unshakeable." With Ukrainian first lady Olena Zelenska the guest of honor as…

Asharq Al-Awsat

EU will double firefighting capacity to tackle climate impacts, von der Leyen says

EU will double firefighting capacity to tackle climate impacts, von der Leyen says

The European Union will double its firefighting capacity to help countries cope with increasingly devastating climate change impacts, European Commission President Ursula von der Leyen said on Wednesday.

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EU lays out energy crisis plan, says solidarity with Ukraine unshakeable

The European Commission on Wednesday unveiled a series of proposals to curb the energy price spike that has rocked Europe in the wake of Russia's invasion of Ukraine, while stressing that the EU's solidarity with Kyiv would be "unshakeable."

Asharq Al-Awsat

EU Court’s Wednesday Ruling on Record $4.4b Google Fine May Set Precedent

A ruling on Wednesday by Europe's General Court on whether Alphabet's (GOOGL.O) Google should face a record EU antitrust fine of 4.34 billion euro ($4.4 billion) for using its Android mobile operating system to quash rivals could set a precedent for other regulators looking into its business practices. Google will…

Live: EU plans 'comprehensive reform' of electricity market, EU chief says in annual address

Europe's fears of a long winter with scarce energy supplies because of Russia's war in Ukraine topped an annual speech by EU chief Ursula von der Leyen on Wednesday.

Ukraine's first lady to be guest of honor at EU State of Union

Ukrainian first lady Olena Zelenska will be the guest of honor at Wednesday's EU State of the Union, European Commission President Ursula von der Leyen announced on Tuesday on Twitter.

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EU chief to announce Union will wean itself off Russian oil and gas

The speech is an annual event where the Commission ‘s President sets out her priorities for the year.

Factbox-Europe's crisis measures to tackle energy price spike

The European Union's executive proposed emergency measures on Wednesday aimed at pulling down surging gas and power prices that are stoking inflation, hampering industrial activity and inflicting sky-high bills upon citizens ahead of winter.

EU plans Sept 30 summit to greenlight emergency energy plans

European Union energy ministers will attempt to approve new bloc-wide measures to pull down soaring gas and power prices at an emergency summit on Sept. 30, after Brussels announces the proposals this week.

Europe hopes to reap political dividends from an expensive winter

The war in Ukraine forces the EU to decouple from Russian energy and teaches the bloc some hard lessons, say analysts.

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.

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.

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.

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