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Eu, Google to Develop Voluntary AI Pact Ahead of New AI Rules, EU’s Breton Says
Date: May 24, 2023
EU, Google to develop voluntary AI pact ahead of new AI rules, EU’s Breton says By Foo Yun Chee BRUSSELS (Reuters) – Alphabet and the European Commission aim to develop an artificial intelligence (AI) pact involving European and non-European companies before rules are established to govern the technology, EU industry chief Thierry Breton said on...
EU Raw Material Targets Need Money and Faster Permits, Sector Chief Says
Date: May 16, 2023
BRUSSELS (Reuters) – The European Union will only meet ambitious targets to reduce its reliance on China and other countries for critical materials by rapidly scaled-up financing and accelerated permitting, according to the head of an EU sector alliance. Under the EU Critical Raw Materials Act, which has yet to enter force, the bloc has...
Wizz Air Loses Fight Against $67 Million in State Aid for Romanian Rival
Date: March 29, 2023
By Foo Yun Chee BRUSSELS (Reuters) – European budget carrier Wizz Air on Wednesday lost its fight against 62 million euros ($67.2 million) in state aid granted to its Romanian rival Blue Air after Europe’s second-top court backed EU competition regulators’ decision to approve the subsidies. The European Commission in its 2020 decision said a...
Euro 7 Emissions Proposals, the Sequel Europe’s Carmakers Don’t Want to See
Date: March 28, 2023
By Christina Amann and Marie Mannes BERLIN/STOCKHOLM (Reuters) – European carmakers are fighting back against proposed emission regulations they argue are too costly, rushed and unnecessary, but which the European Commission says are needed to cut harmful emissions and prevent a repeat of the Dieselgate scandal. European Union countries and lawmakers will negotiate “Euro 7”...
EU Seeks Clarification on Italy post-COVID Plan, Freezes 19 Billion Euros
Date: March 28, 2023
By Giuseppe Fonte and Gavin Jones ROME (Reuters) – The European Commission has frozen an overdue 19-billion-euro ($20.50 billion) tranche of post-pandemic funds for Italy, requesting clarification over Rome’s efforts to meet the “targets and milestone” needed to unlock the money. Italy and the Commission “agreed to extend the assessment phase by one month to...
EU’s Eib to Override Turkey Lending Ban With Earthquake Aid
Date: March 21, 2023
By Marc Jones LONDON (Reuters) -The European Union’s lending arm, the European Investment Bank, is to temporarily override its near 4-year long ban on financing in Turkey to provide 500 million euros ($540 million) for the country’s post-earthquake rebuilding efforts. The EIB stopped virtually all lending in Turkey after a row over oil and gas...