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The Latest Breaking News from European Commission

EU leaders present united front after row over fix for energy crunch

EU leaders bickered on Friday over steps to ease the energy market crunch exacerbated by Russia's invasion of Ukraine, but managed to present a united front amid mounting concern over the impact on hard-hit consumers of soaring gas and oil prices.

Reuters

Inflation pressures hit consumer confidence; Moscow stock market falls back – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Europe agrees on big new package of tech rules

The new laws aim to restore competition to the digital marketplace. They could reshape the business of Big Tech.

Axios

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read the most diverse news in one place.

Latest Ukraine updates: Russia says first phase of war near end

Ukraine war news from March 25: Russian general says Moscow will push to fully capture eastern region of Donbas.

Al Jazeera

EU leaders wrangle with issue of oil and gas imports from Russia at summit

Poland and Baltic states seek embargo, while other countries including Germany and Belgium want gradual measures

The Guardian - UK

Biodiversity: why new rules to ensure nature benefits from building projects could fail

The UK government is making serious investments in new infrastructure as part of its post-pandemic recovery strategy, with £27 billion committed to road expansion, and a target of building an additional 300,000 homes per year. But it also has ambitious targets to halt and reverse wildlife declines by the end…

The Conversation

EU agrees on Russia sanctions so far, but energy divides

The European Union has preserved a sense of rarely seen unity through four rounds of unprecedented sanctions against Russia over its invasion of Ukraine

The Independent UK

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EU offers farmers aid, more land to grow due to Ukraine war

The European Union will distribute 500 million euros ($550 million) to help farmers and allow them to grow crops on fallow land to mitigate food price spikes and potential shortages resulting from Russia's war in Ukraine.

Reuters

Orban asks for EU funds to help Hungary amid refugee crisis

Hungarian Prime Minister Viktor Orban has asked the European Commission to disburse all EU funds allocated to the country including a loan under the Recovery and Resilience Facility to help handle the Ukrainian refugee crisis, his press chief said.

Reuters

EU to set out job, school, housing plan for Ukraine refugees

The European Commission on Wednesday will set out plans to ensure people fleeing Russia's invasion of Ukraine have access to jobs, education and housing after an unprecedented flow of refugees into the European Union.

Reuters

Defending Europe: How cultural identity shapes support for Ukraine and armed resistance against Russia

Since the Russian invasion began on Feb. 24, 2022, the outpouring of solidarity and material support for Ukraine across Europe has been impressive – and highly unusual.

The Conversation

EU backs Spain's shift on Western Saharan autonomy

The European Commission backed Spain's new position on the fate of Western Sahara as an autonomous region of Morocco, supporting a surprise change of tack by the government of Pedro Sanchez that has met with much domestic opposition.

Reuters

How Big Tech lost the antitrust battle with Europe

Brussels is set to finalise stringent new legislation targeting Silicon Valley giants, whose desperate lobbying has fallen on deaf ears

Financial Times

Microsoft Faces Anti-competition Complaint in Europe

Three companies have lodged a complaint with the European Commission against Microsoft, accusing the US technology giant of anti-competitive practices in its cloud services, sources told AFP Saturday, confirming media reports. Microsoft is "undermining fair competition and limiting the choice of consumers" in the computing cloud services market, said one…

Asharq Al-Awsat

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France 24

'Democracy is standing up against autocracy' in Ukraine, EU's von der Leyen says

"It cannot be that an autocrat attacks a sovereign country which has the right to the integrity of its territory." That's the firm response directed at Russia from the President of the European Commission, Ursula von der Leyen. Speaking exclusively to FRANCE 24 about the war in Ukraine, the EU…

Reuters

Ukraine president says he expects progress on EU membership bid within months

Ukrainian President Volodymyr Zelenskiy said he spoke with the head of the European Commission Ursula von der Leyen on Friday and Ukraine expects progress to be made on its application to join the European Union in the coming months.

The Guardian - UK

Ukraine war prompts EU to cut Poland some slack in rule of law dispute

Sources say European commission ready to release billions in locked recovery funds

Benzinga

Germany Could Offer Intel €5B Subsidy For €17B Chip Plant: Bloomberg

Germany looks to offer Intel Corp (NASDAQ:INTC) with a grant of over €5 billion ($5.5 billion) in public funds to build a massive semiconductor plant, Bloomberg reports. The final subsidy is subject to the approval of the European Commission. Related Content: Global Efforts To Reduce Semiconductor Dependence Will Further Exacerbate Crisis: Bloomberg Intel looks…

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Asharq Al-Awsat

Intel to Announce Details of Europe Investment Plans on Tuesday

Intel plans to announce details on Tuesday of its investment plans for semiconductor research and manufacturing in Europe, hinting that it has finalized locations for new factories. The US chipmaker unveiled plans last September to invest as much as $95 billion in Europe over the next decade, and Chief Executive…

The Conversation

War in Ukraine could cut global supply of essential elements for making green technology

The EU imports 40% of its natural gas from Russia, and nearly half of the five million barrels of crude oil Russia exports daily go to Europe. Fossil fuel revenue funds Putin’s aggression in Ukraine, and for this reason, the European Commission recently announced plans to eliminate Russian fuel imports…

Al Jazeera

Could energy independence from Russia spur a shift to renewables?

European energy experts and the ECB say such a transition will involve higher energy costs and some hardship.

Reuters

EU to keep talking with Bulgaria until enlargement spat solved, Borrell says

The European Commission will continue talking to Bulgaria to get its approval for accepting North Macedonia into the bloc, the EU's foreign policy chief Josep Borrell said on Monday.

Asharq Al-Awsat

EU Unveils Fourth Set of Sanctions against Russia

The European Union will suspend Moscow's privileged trade and economic treatment, crack down on its use of crypto-assets and ban exports to Russia of EU luxury goods and import of iron and steel goods, the head of the European Commission said on Friday. The new measures amount to a fourth…

Benzinga

European Recommendation On Valneva's COVID-19 Shot Pushed Into April

Valneva SE (NASDAQ:VALN) now expects a positive recommendation from the European Medicines Agency (EMA) for its VLA2001 COVID-19 candidate vaccine in April. Earlier, the Company expected the European recommendation by the end of March. As announced in February, Valneva received a list of questions as part of the CHMP's initial assessment, to which…

Benzinga

EU, UK Launches Antitrust Investigations On Google, Meta

EU and U.K. antitrust regulators launched parallel investigations into Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) unit Google and Facebook parent Meta Platforms Inc (NASDAQ:FB) over a 2018 ad deal, CNBC reports. The European Commission and the U.K.’s Competition and Markets Authority investigated whether the pact between the two tech giants dubbed “Jedi Blue” squeezed competitors out of…

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