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The Latest Breaking News from the European Commission

EU backs Microsoft buying Call of Duty maker Activision Blizzard. But the $69B deal is still at risk

The European Union has approved Microsoft’s $69 billion purchase of video game maker Activision Blizzard

The Independent UK

Markets Today: Stocks Slide Despite Optimism About the Debt Ceiling

The S&P 500 Index ( $SPX ) ( SPY ) is down -0.31%, the Dow Jones Industrials Index ( $DOWI ) ( DIA ) is down -0.35%, and the Nasdaq 100 Index ( $IUXX ) ( QQQ ) is down -0.11%. U.S. stock index futures this morning are moderately lower...

Barchart

Markets Today: Stocks Climb on Debt Ceiling Optimism

Morning Markets June E-Mini S&P 500 futures (ESM2 3) this morning are up +0.17%, and June Nasdaq 100 E-Mini futures (NQM2 3) are up +0.15%. U.S. stock index futures this morning are moderately higher on hopes a deal on the debt ceiling can be reached. President Biden will reconvene with...

Barchart

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India-EU trade, technology council first meeting at Brussels on May 16

first ministerial-level meeting of India-European Union Trade and Technology Council (TTC) will be held on May 16 in Brussels to discuss ways to increase cooperation in strategic technologies

The Hindu

Top 3 Biotech Stocks with Breakout Potential

The biotech industry is well-positioned to witness significant growth due to technological advancements and government spending. Moreover, given the sector’s defensive nature, biotech stocks Amicus Therapeutics (FOLD), Corcept Therapeutics (CORT), and Harmony Biosciences (HRMY) might be solid buys in 2023. Read on.

StockNews.com

EU Parliament Calls For ‘public Black List’ Of Radical NGOs

The European Parliament voted on May 10 in favor of creating a "public black list" of NGOs

Zenger

EU lawmakers want more talks to strengthen proposed US data transfer pact

EU lawmakers on Thursday urged the European Commission to continue talks to reinforce a proposed data transfer pact with the United States, saying there were still shortcomings in the agreement.

Reuters

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Brickbat: What a Load of Manure

The European Commission has given the Netherlands the OK to begin forced buyouts of some 3,000 farmers, part of the government's efforts to meet European Union nitrogen pollution-reduction goals. Farmers who are bought out will be banned from returning to farming not only in the Netherlands but anywhere in the…

Reason

EU urged to tighten spyware safeguards in wake of Pegasus revelations

Non-binding vote bans surveillance software after concluding Hungary and Poland used it to track journalists and opponents

The Guardian - UK

EU hopes to crack down on loophole exports to Russia in new sanctions package

In an eleventh round of sanctions on Russia, Brussels is hoping to crack down on the evasion of existing trade restrictions, particularly when it comes to the re-exportation of sensitive technology that can be used on the battlefield in Ukraine. On Monday, the European Commission proposed curbing exports to nations…

France 24

European tech leaders speak out against new EU Data Act

Siemens and SAP CEOs say the proposed law, which is meant to boost data-sharing, would threaten trade secrets.

Fortune

Czechs look to dump Russian nuclear fuel

Pressure is rising to include the Russian nuclear sector in the European Commission’s 11th sanction package plans.

Al Jazeera

TSMC Plans Up to $11 Billion German Chip Fab Investment: Report

TSMC has plans to establish a 28nm chip fab in Saxony, Germany, according to Bloomberg sources.

Tom’s Hardware

Controversial EU plan to let 16-year-olds drive cars met with mixed reactions in Ireland

The European Transport Safety Council – whose members include the Road Safety Authority in Ireland – has called on the European Commission to drop the proposal that would allow children aged 16 drive vehicles limited to a maximum speed of 45km/h.

Irish Mirror

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The Guardian - UK

‘Threats are increasing’: the EU official on a mission to protect media freedom

Věra Jourová says her upbringing in former Czechoslovakia has inspired her work to ensure journalism remains independent

Asharq Al-Awsat

Israeli FM to Visit Brussels Aiming to Change EU Positions on Iran, Middle East

Israeli Foreign Minister Eli Cohen announced that he would fly to Brussels on Tuesday to meet several EU leaders, including European Union foreign policy chief Josep Borrell, after previously stating that he wasn't welcome in Israel. Israel wants to open a new page in relations, eyeing to secure European support…

Asharq Al-Awsat

Ukraine Told Poland, EU That Grain Import Restrictions Are ‘Unacceptable’

Ukraine had protested to key allies the European Union and Poland over restrictions on its grain supplies on Friday, before the European Commission announced later in the day that a deal had been reached in principle to resolve the matter. Ukraine's foreign ministry said on Saturday it had sent notes…

Reuters

Deal reached in principle to resume Ukraine grain transit with 5 EU countries

The European Commission said on Friday it had reached a deal in principle to allow the transit of Ukrainian grain to resume through five European Union countries that had imposed restrictions.

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Asharq Al-Awsat

EU Proposes New Copyright Rules for Generative AI

Companies deploying generative AI tools, such as ChatGPT, will have to disclose any copyrighted material used to develop their systems, according to an early EU agreement that could pave the way for the world's first comprehensive laws governing the technology. The European Commission began drafting the AI Act nearly two…

France 24

Reconstruction in Ukraine: Kyiv hopes to attract private investors

Russian forces continue to wage war across Ukraine, but Volodymyr Zelensky's government is already looking ahead to the task of rebuilding. The European Commission and World Bank predict that this could come with a price tag of some $400 billion. Oleksandr Gryban, Ukraine’s Deputy Economy Minister admits that attracting investors…

Reuters

Hungary govt to submit judicial bill to parliament to unlock EU funds -minister

After talks with the European Commission, Hungary's government will submit a key judicial reform bill to parliament as part of its efforts to unlock suspended EU funds, Justice Minister Judit Varga said on her official Facebook page on Thursday.

Reuters

European Commission to ban Ukrainian grain exports to Romania -minister

The European Commission will ban Ukrainian grain and oilseeds exports to Romania until June 5, Romanian Agriculture Minister Petre Daea said on Wednesday.

Windows Central

Microsoft reportedly plans to close Activision deal despite FTC lawsuit

A new report suggests Microsoft is planning to close its Activision deal despite FTC interference.

The Independent UK

Framework will ensure NI consumers get same goods as rest of UK, says EU chief

Maros Sefcovic said the Windsor Framework would smooth trade but that the European Court of Justice would remain the sole arbiter of EU law.

Al Jazeera

Attempts to silence journalists increase in Europe: CPJ

The Committee to Protect Journalists says the European Union needs to do more to protect media workers.

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