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The Latest Breaking News from the European Commission

Exclusive-EU Commission says Mercosur trade deal a priority as it seeks new allies

The European Commission has said it is a priority to conclude a long-delayed trade deal with South America's Mercosur bloc, as the EU seeks new allies to reduce its dependence on China and the United States, according to a document seen by Reuters.

Reuters

EU extends restrictions on Ukrainian grain imports

The European Commission said on Monday it was extending until Sept. 15 an arrangement whereby five of Ukraine's EU neighbours can restrict imports of Ukrainian grain.

Reuters

Don't blame Australia's lowest-paid workers if interest rates rise again

The odds have been shortening on the Reserve Bank of Australia lifting interest again, and Australia’s workers are again being blamed for driving inflation.

The Conversation

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World leaders express grief at deaths in Odisha train crash

Leaders from across the world, including President of the European Commission Ursula von der Leyen and Prime Minister of the Netherlands Mark Rutte, expressed condolences for the triple train crash that occurred in Odisha in which over 260 people were killed. Read further on Dynamite News:

Dynamite News

EU, US concerned new Polish law on Russian influence to affect election

The European Commission and U.S. State Department have expressed concern about a new Polish law they say could effectively ban individuals deemed to have acted under Russian influence from holding public office without providing proper judicial review.

Reuters

EU and Google collaborate on 'AI pact' ahead of new guidelines

The EU and Google have begun collaborating to create an AI pact ahead of guidelines in the works to control AI technology.

Android Central

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

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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

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

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

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Zenger

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.

France 24

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.…

PC Gamer

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.

Evening Standard

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

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The Independent UK

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 Guardian - 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

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...

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

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