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Top StoriesEU Announces Plans to Lead Green Industrial Revolution
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EU Recovers Appetite for Trade in Green Industry Push
Date: January 30, 2023
By Philip Blenkinsop BRUSSELS (Reuters) – The European Union is aiming to enact up to five trade deals in record time to ensure its future as a clean tech leader, by securing supplies of key raw materials, increasing markets for green exports and reducing its reliance on China. A big EU trade push is a...
EU’s Planned Reforms Aim to Better Protect Power Bills From Market Swings
Date: January 23, 2023
By Kate Abnett BRUSSELS (Reuters) – European Union proposals to overhaul its electricity market will attempt to better protect consumer energy bills from short-term swings in fossil fuel prices, the European Commission said on Monday. The EU is reforming its power market to attempt to avoid a repeat of last year, when cuts to Russian...
Suedzucker Quarterly Profits Surge 73.5% Despite Cost Rise
Date: January 12, 2023
HAMBURG (Reuters) -Europe’s largest sugar producer, Suedzucker, on Thursday posted a rise of 73.5%% in quarterly earnings as higher sugar and biofuel prices counteracted the impact of rising energy and raw materials costs. Suedzucker said operating profit in the third quarter, to the end of November, of its 2022/23 fiscal year had risen to 220...
EU Commission Approves Delay in Medical Devices Law to Avert Shortages
Date: January 6, 2023
LONDON (Reuters) – The European Commission said on Friday it approved delaying the deadline for companies to comply with a new law regulating medical devices in order to prevent shortages of lifesaving equipment. The proposal now must be adopted by the European Parliament and Council through an accelerated process, the EU executive said in a...
Most EU Countries Back Covid Pre-Departure Testing for Flights From China
Date: January 4, 2023
BRUSSELS (Reuters) -Most European Union countries favour introducing pre-departure COVID testing for travellers from China, the European Commission said on Tuesday, as Beijing plans to lift travel restrictions on its citizens despite a wave of COVID infections. The common EU approach emerged after a meeting on Tuesday of the Health Security Committee, an EU advisory...
EU Opens Antitrust Probe Into Broadcom’s $61 Billion VMware Bid
Date: December 21, 2022
PARIS (Reuters) -European antitrust regulators have opened an in-depth investigation into U.S. chipmaker Broadcom’s proposed $61 billion bid for cloud computing company VMware, the European Commission said on Tuesday. “The Commission is particularly concerned that the transaction would allow Broadcom to restrict competition in the market for certain hardware components which interoperate with VMware’s software,”...