europeancommission
The European Commission is worried about the impact of using artificial intelligence (AI) in banking, insurance and securities markets, according to a consultation issued today (18 June). The EU has just passed a sweeping AI Act, becoming the first jurisdiction in the world to legislate to make the emerging technology safe and non-discriminatory. But officials are now asking if there's more guidance needed to make the rules fit into finance – a field that’s already subject to tough regulatory requirements, and where the cost of getting it wrong could be high. “The EU's AI Act and existing fina...
Euronews (English)
In a bid to secure a major role for Italy in Brussels, Italian Prime Minister Giorgia Meloni is about to go toe to toe and obtain a big portfolio at the European Commission. According to sources from the Italian government, she is closely coordinating diplomatic action in the EU institutions together with Italian Foreign Minister Antonio Tajani. Few people know Brussels better than Tajani: he is a former commissioner and European Parliament president, a historical member of the European People's Party (EPP), and a close ally of Silvio Berlusconi, the departed tycoon and Italian PM who was also...
Euronews (English)
The Ministry of Commerce of China has launched an "anti-dumping investigation" into imports of "relevant pork and pork by-products" from the European Union, a move that paves the way for trade restrictions on a sensitive sector for the bloc. The investigation was triggered by a complaint filed by the China Animal Husbandry Group, a state-owned company that deals in animal farming. Monday's announcement is seen as a prelude to retaliation for the upcoming EU tariffs on China-made battery electric vehicles (BEVs), which are suspected of being heavily subsidised and sold at artificially low price...
Euronews (English)
After 185 million votes in 27 countries in the elections for the European Parliament, politicians across the bloc are taking stock. With far-right parties winning many seats, how can European Commission President Ursula von der Leyen manage the rocky road ahead? In 2019, pro-EU, liberal, green, and populist parties made substantial gains in the European elections. In 2024, the vote is more fragmented, with centrist and traditional parties suffering stunning and significant losses and many seats going to left-wing parties and right-wing populist parties. At the least, this means that von der Le...
Euronews (English)
With a right-leaning new European Parliament emerging after EU elections preceded by thorny diplomatic discussions among member states on key environmental policy files, speculation mounts as to the future of the European Green Deal, the von der Leyen Commission’s ambitious programme to reach carbon-neutrality by 2050 and reverse biodiversity loss. Conservatives and the far-right, political groups that have been either sceptical or outright hostile to the Green Deal, have gained seats in many countries, to the detriment of the liberal Renew group and, in particular, the Greens – a new status q...
Euronews (English)
“The first thing I do is gather the right information… I'll make sure that I know what is being served to me, why it was caught and how it was caught - and I can base my decision on that,” says Louis Lambrechts, the European Ocean Policy officer at the World Wildlife Fund (WWF). He’s talking about how he decides what fish to buy at a shop or order at a restaurant. Thanks to his position in the WWF, though, he has significantly more insight into overfishing - and how to avoid it - than the rest of us. “I wouldn't trust a fishmonger or a chef that wouldn't be able to tell me what he’s serving me...
Euronews (English)
The subsidies pumped by the Chinese government into battery electric vehicles (BEVs) are so distortive that extra tariffs are needed to counteract them. This is the preliminary conclusion of the European Commission's trade investigation, announced on Wednesday after weeks of mounting speculation. Diplomats and lobbyists had eagerly waited to see how far the executive would go to confront Beijing, a task that, despite its pressing nature, remains divisive among member states. The muscle-flexing took many by surprise. The Commission has proposed a robust range of tariffs to even things out: 17.4...
Euronews (English)
Just days after European elections, EU officials are planning to shave some of the banking-sector protections designed to prevent a return of the 2008 financial crisis, a source briefed on the issue told Euronews. In 2017, an international standard-setters organisation issued a reform designed to hike the capital European banks need to issue against risk. The worry was that many lenders were undercounting risk by using their own, tailored internal models – leaving them dangerously exposed, and risking a further wave of taxpayer bailouts, should the economy turn sour. After much haggling, Bruss...
Euronews (English)
The sole company authorised to collect and recover packaging waste in Czechia may have a conflict of interest in its dual role as a waste collector with powers of authorisation over competitors in breach of EU competition rules, the European Commission has warned Prague, according to a statement published today (June 11). EKO-KOM is the only company operating in the country offering collection and recovery services for packaging waste to over 20,000 business for more than two decades. The EU executive considers that national legislation in force since 2002, the Czech Packaging Act, has likely ...
Euronews (English)
Should Ursula von der Leyen take part in an EU leaders’ meeting where they will discuss her possible reappointment as Commission president? That’s the latest conundrum seemingly tearing the European Council and Commission apart. EU leaders are scheduled to meet for an informal dinner on June 17 to discuss the next five-year institutional cycle and crucially, who should get coveted EU top jobs such as the next presidents of the European Council, Parliament and Commission as well as the next High Representative for Foreign Affairs and Security policy. Ursula von der Leyen, the current Commission...
Euronews (English)
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