North Macedonia and its EU neighbor Bulgaria have agreed on a roadmap for the start of North Macedonia’s EU accession negotiations after a long dispute. The foreign ministers of both countries, Teodora Genchovska and Bujar Osmani, signed a protocol to this effect in the Bulgarian capital Sofia on Sunday. The protocol is intended to clarify […]
According to a study, the consequences of the war in Ukraine could accelerate the energy transition in Germany. The green transformation could sometimes succeed more successfully than previously expected, although the Federal Government will initially have to rely more on coal in its quest for greater energy independence, an analysis by credit insurer Allianz Trade […]
The European Commission wants to extend and further strengthen the EU’s six sanctions packages against Russia until the end of January 2023. On Friday, it adopted a proposal for a new package of measures together with Josep Borrell, the EU High Representative for Foreign Affairs and Security Policy.The “maintenance and alignment” package clarifies a number […]
The energy transition in Germany could be more successful than previously expected: According to a study by Allianz Trade, the current energy crisis could accelerate the green transformation – even if the German government initially went back to coal, it would be forced out of the market by renewables in the medium term.Today in Brussels, […]
For months now, Internal Market Commissioner Thierry Breton has been talking about the “global race to secure resources” in which Europe must not lag behind. Then, in the RePowerEU plan, the Commission announced a proposal for a raw materials law. Yesterday, Peter Handley, head of the unit for raw materials in DG Grow, presented the […]
Yesterday, the EU Platform on Sustainable Finance presented a draft recommendation on ‘minimum safeguards’ for the green taxonomy. According to the Taxonomy Regulation, which has been in force since June 2020 and provides a framework for sustainable investment, economic activities are only environmentally sustainable if they are carried out in accordance with international human and […]
An international investigative network revealed information yesterday about lobbying and tax evasion by ride-hailing service provider Uber during its market entry in various countries. The documents claim that the company lobbied policymakers to relax labor and cab laws, among other things, and used illegal methods to evade regulators and law enforcement.The Consortium’s Uber files reveal […]
Tesla CEO Elon Musk has announced the end of his billion-dollar takeover attempt of Twitter. The short message service had breached several points of the takeover agreement, Musk said on Friday evening. Twitter shares fell 7.5 percent to $34.05 in after-hours trading following the announcement.Musk had originally offered $54.20 per share. The total volume of […]
According to the ECB’s supervisory authority, major banks in the euro area are not adequately prepared for climate risks worth billions of euros and urgently need to make improvements. The European Central Bank’s (ECB) first climate stress test revealed that financial institutions are not yet sufficiently incorporating the financial and economic impacts of climate change […]
The way is clear for the delivery of the Siemens turbine serviced in Canada for the Nord Stream 1 gas pipeline. The government in Ottawa announced on Saturday evening that it would make an exception to the Russia sanctions and send the turbine back to Germany. Russia has justified a reduction in gas deliveries through […]