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Image header Agence Europe
Europe Daily Bulletin No. 13608
Contents Publication in full By article 18 / 31
COURT OF JUSTICE OF THE EU / Competition

EU General Court confirms participation of seven investment banks in sovereign debt markets cartel

The General Court of the European Union has upheld the European Commission’s decision of May 2021 finding that seven investment banks - UBS, Natixis, UniCredit, Nomura, Bank of America, Portigon (formerly WestLB) and NatWest (formerly Royal Bank of Scotland) - participated in a cartel to trade European government bonds between January 2007 and November 2011 (see EUROPE B12723A12) and fined Nomura, UBS and UniCredit a total of €371 million, in a judgment handed down on...

Contents

SECTORAL POLICIES
CIVIL PROTECTION: European Commission wants to enhance EU’s capability to prevent emerging threats with its ‘Preparedness Union Strategy’
HEALTH: quality of work carried out by Health Emergency Response and Preparedness Authority (HERA) praised by European Commission
COMPANIES: ‘omnibus’- EU Council approves postponement of directives on corporate sustainability reporting and on corporate due diligence
TRANSPORT: agreement between European Parliament and EU Council on disqualifications for reckless driving
DIGITAL: Henna Virkkunen unveils first outlines of future European AI action plan
DIGITAL: latest version of General Purpose AI Code of Practice worries former AI Act MEP negotiators
AGRICULTURE : MEPs and experts recommend measures to strengthen food sovereignty in Europe
SEA: commissioner Costas Kadis organises informal ministerial exchange with EU countries on ocean conservation
CLIMATE: COP30 - NDC, financing, coalition... at 16th Petersberg Climate Dialogue, European Union fine-tunes its position for Belém
ENERGY: Ditte Juul Jørgensen says that energy dimension, including grids, must be included in debate on security
ENERGY: European Parliament report on electricity grids - negotiations to continue on coordinated planning at EU level
ENERGY: ACER makes recommendations to contain network costs, in favour of EU competitiveness
EXTERNAL ACTION
MIDDLE EAST: Hadja Lahbib and NGOs concerned about humanitarian situation in Gaza
SERBIA: despite Aleksandar Vučić’s promises, Belgrade has made no significant progress towards EU membership
AFRICA: 2025 summit expected to focus on partnership aspect
LATIN AMERICA: Francisco Santos urges EU to get involved in helping Latin American countries defend themselves against interference from foreign powers
SOCIAL AFFAIRS
SOCIAL/EMPLOYMENT: labour markets – European Court of Auditors gives mixed assessment of effectiveness of reforms supported by European Recovery Plan
COURT OF JUSTICE OF THE EU
COMPETITION: EU General Court confirms participation of seven investment banks in sovereign debt markets cartel
COURT OF JUSTICE: appointment of thirteen judges to EU General Court
EDUCATION - YOUTH - CULTURE - SPORT
EDUCATION/RESEARCH: European University Association calls for competitiveness partnership bringing together stakeholders and political decision-makers
NEWS BRIEFS
CENTRAL ASIA: Kaja Kallas visits Ashgabat for 20th ministerial meeting between EU and region
EUROPEAN COMMISSION : Valérie Drezet-Humez appointed Director of General Affairs, Knowledge and Resources at DG ‘ENV’
ECONOMY: EU Council ready to negotiate with European Parliament on new macro-financial assistance of €500 million for Jordan
ENVIRONMENT: European Environment Agency denounces rising consumption levels of textiles and footwear in EU
UNITED STATES: Washington is expected to impose tariffs on car imports in the next few days
MOZAMBIQUE: EU welcomes meeting between President and former presidential candidate
MIDDLE EAST: EU appalled by attack on and arrest of film director Hamdan Ballal
CSDP: Alessandro Di Biasi, new EU Force Commander for EUNAVFOR Med Irini
RESEARCH: start-ups want better access to finance, markets, talent, and less bureaucracy, according to the European Commission
SOCIAL: European Globalisation Adjustment Fund to provide €8 million in support for 2,400 workers made redundant in Belgium
TRANSPORT: EU and Singapore continue to deepen relations to improve connectivity and security