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Bank Instant Payment Shift to Help Business and Consumers, Says EU
Date: October 26, 2022
By Huw Jones LONDON (Reuters) -Forcing banks across the European Union to offer instant payments in euros is a “seismic” shift to make the economy more efficient and reap savings for businesses and customers, the bloc’s financial services chief said on Wednesday. European Commissioner Mairead McGuinness proposed a draft EU law that will require banks...
EU Court Adviser Suggests Hutchison Ruling Reversal, in Potential Blow for Telcos
Date: October 20, 2022
By Foo Yun Chee LUXEMBOURG (Reuters) -In a potential setback for the telecoms industry, an adviser to Europe’s top court said a ruling by a lower tribunal annulling an EU antitrust veto of CK Hutchison Holdings Ltd’s bid for O2 UK should be dismissed and the case should be re-heard again. Hutchison, owned by billionaire...
EU Commission to Propose Potential ‘dynamic’ Gas Price Cap
Date: October 17, 2022
BRUSSELS (Reuters) – The European Commission is set to propose this week a last-resort “dynamic” price cap for natural gas in the European Union and mandatory limits on the degree to which traded prices can fluctuate in a single day, according to a draft proposal. The EU is seeking to wean itself off Russian fossil...
Eu, U.S. Eye Level Playing Field for EU Electric Cars in U.S. Market
Date: October 14, 2022
WASHINGTON (Reuters) -European Union and U.S. officials expect to reach agreement that would grant EU companies, including electric car makers, the same status as U.S. ones in the U.S. market, to avoid what the EU calls discrimination against its producers by the U.S. Inflation Reduction Act. The EU says that while it allows government tax...
Explainer-Caps and Corridors: How Can Europe Contain Gas Prices?
Date: October 7, 2022
By Kate Abnett BRUSSELS (Reuters) – Leaders of European Union countries will debate whether and how to cap gas prices on Friday, after member states increased the pressure on Brussels to limit fuel costs. European Commission President Ursula von der Leyen on Wednesday suggested gas price cap options for the EU leaders to discuss, after...
EU Leaders to Ask Commission for Gas Price Cap Proposal -Draft Statement
Date: October 3, 2022
By Jan Strupczewski and Kate Abnett BRUSSELS (Reuters) -European Union country leaders are set to ask the European Commission to propose a cap on gas prices, when they meet on Friday, according to a draft of their joint meeting statement. The EU leaders will ask the EU executive to work urgently on actions including “proposing...