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Image header Agence Europe
Europe Daily Bulletin No. 13689
Contents Publication in full By article 2 / 25
EXTERNAL ACTION / Trade

Takeover of German chemicals company Covestro by Emirati oil company ADNOC targeted by European Commission investigation

On Monday 28 July, the European Commission announced that it was opening an in-depth investigation into the acquisition of the German chemicals company Covestro by ADNOC, the main national oil company of the United Arab Emirates. The investigation is being carried out under the regulation to prevent unfair foreign subsidies.

ADNOC has received aid from the United Arab Emirates (UAE) that could potentially distort competition, according to the European Commission. This involves an unlimited...

Contents

EXTERNAL ACTION
UNITED STATES: agreement between EU and Washington saves the furniture, but will penalise exporters
TRADE: takeover of German chemicals company Covestro by Emirati oil company ADNOC targeted by European Commission investigation
NIGER: EU calls for release of political prisoners, including former President Mohamed Bazoum
MIDDLE EAST: situation in Gaza - some 30 former EU ambassadors call on EU to act
SECTORAL POLICIES
DIGITAL: European Commission accuses Temu of breaching DSA by offering illegal and harmful products for sale
INDUSTRY: eleven EU countries call for strengthened European steel defence framework by early 2026
ENERGY: European Commission publishes notice on data sharing obligations for electric vehicle batteries
AGRICULTURE: EU agricultural markets show good resilience, according to European Commission forecasts
ANIMAL HEALTH: cattle housing practices often impact negatively on welfare of beef cattle, according to EFSA
FISHERIES: NGO Bloom welcomes General Court ruling on fish aggregating devices
CLIMATE: European Climate Foundation focuses on learning and adaptation to stimulate action on ground
CLIMATE: European Commission launches a call for evidence on its future climate adaptation plan
ENVIRONMENT: Greens/EFA petition to European Parliament calling for ban on PFAS in Europe reaches 30,000 signatures
INSTITUTIONAL
BUDGET: Viktor Orbán will veto post-2027 MFF if European Commission does not release frozen funds for Hungary
ECONOMY - FINANCE - BUSINESS
MONEY LAUNDERING: financial sector’s drive for innovation and growth may be outpacing its ability to manage money laundering risks, according to EBA
SOCIAL AFFAIRS - EMPLOYMENT
SOCIAL: European Commission launches public consultation to prepare first EU Anti-Poverty Strategy
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
FUNDAMENTAL RIGHTS: EU gender equality strategy 2026-2030 - European Disability Forum makes recommendations
NEWS BRIEFS
CLIMATE: final energy consumption in EU’s industrial sector fell by 5.3% in 2023
ENERGY: 2040 target - Patriots for Europe rapporteur for European Parliament rejects European Commission proposal
RULE OF LAW: European liberal family concerned about excesses in Bulgaria
ISRAEL : European Commission proposes partial suspension of Israel’s participation in Horizon Europe programme
LEBANON: EU extends sanctions regime by one year
RESEARCH: European Commission consults on revised framework for chemicals and materials that are ‘Safe and Sustainable by Design’
TRANSPORT: European Commission consults on revision of Rail Passenger Rights Regulation
YEMEN: Hadja Lahbib announces €9 million in support for World Food Programme