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Europe Daily Bulletin No. 8246

3 July 2002
Contents Publication in full By article 44 / 50
ECONOMIC INTERPENETRATION / (eu) defence

US company NORTHROP GRUMMAN has finally bought up its counterpart TRW for around $7.8 bn, making it the second biggest company in the sector. According to the deal, NORTHROP will pay 60 dollars a share and take on board TRW's debt. The merged company will have an annual turnover of $26 and 27 bn and employ 123,000 people. See IE on 27 June.

Contents

THE DAY IN POLITICS
(EU) EU/BALKANS/INTERNATIONAL CRIMINAL COURT: Javier Solana and Presidency concerned at US veto over United Nations' mission in Bosnia
(EU) EU/CFSP/CONVENTION: Solana stresses need to change rotating Presidency system
(EU) EU/FUTURE OF EUROPE: Rasmussen rejects Chirac and Blair's plan for five-year EU presidency
(EU) COUNCIL OF EUROPE: Parliamentary Assembly hopes cooperation between European institutions will be strengthened
GENERAL NEWS
(EU) EU/ADMINISTRATIVE REFORM: Commission proposes provisions for reforming External Service
(EU) EU/COMMISSION/INFORMATION: Commission adopts strategy - Mr Vitorino will present it to Parliament on Wednesday
(EU) EU/SOCIAL: Launch of First European campaign against stress
(EU) EU/BUDGET 2003: Budgetary committee advises moderate increase in payment loans, as well as rigour on administrative spending
(EU) EP/BUDGET 2003: Parliament calls for changes to Financial Perspectives with a view to enlargement
(EU) EP/ECB: Wim Duisenberg says European Central Bank will contribute to economic growth by focussing on maintaining price stability in the medium term, saying he is "not satisfied" with inflation and wage moderation must prevail - Piia-Noora Kauppi asks how rising euro will impact on inflation
(EU) EU/TRANSPORT: Parliament amends proposal on restrictions of heavy-goods lorries on weekends and holidays
(EU) EP/SEVILLE/SPANISH PRESIDENCY: Aznar welcomes collaboration with Parliament and Commission - Prodi notes rules approved in Seville for Council and European Councils have "much in common"
(EU) EU/COMPETITION: Degussa and Nippon Soda fined for forming pet food cartel - Aventis escapes fine
(EU) EU/SHIPBUILDING: Lipponen opposes Council decision to authorise aid to shipbuilding if talks with South Korea fail
(EU) EU/ILLEGAL IMMIGRATION/HEARING:
(EU) EU/COMPETITION: Commission authorises Deloitte & Touche to acquire Andersen's British business
(EU) EU/COMPETITION: BP may take over exclusive control of Veba Oel
(EU) EU/COMPETITION: Go-ahead to takeover of Coface by Natexis
(EU) EU/COMPETITION: Clearance to EPC participation in Saarmontan
(EU) EU/COMPETITION: Amcor may acquire Schmalbach-Lubeca activities
(EU) EU/INTERNAL MARKET: Commission takes proceedings against Austria, Belgium, Ireland, Germany and Greece over recognition of professional qualifications
(EU) OMBUDSMAN: Söderman calls on Council to reconsider its refusal to give access to report on taxation
(EU) EP/ABORTION:
(EU) EU/TRANSPORT: towards extending state aid in the airline sector
(EU) EU/RESEARCH: Results of first clinical trials of cancer-killing alpha-emitting radio-isotopes
(EU) EU/RESEARCH: EU falling further behind USA
(EU) EU/RESEARCH: Denmark takes over from Greece at the helm of Eureka
(EU) EU/CUSTOMS: Increase in seizures of drugs in Europe in 2001 - Declaration on customs cooperation against organised crime
(EU) COURT OF JUSTICE: Mischo considers EU occupied terrain in mad cow affair, and France can no longer take safeguard measures
(EU) EU/EUROPOL:
(EU) EU/COURT OF JUSTICE: Commission calls for annulment of Court of First Instance's Jégo-Quéré ruling
(EU) EU/COURT OF JUSTICE: Greece lax in management of hazardous waste
(EU) EU/COURT OF JUSTICE: Five of the ten companies accused of operating cartel in carbonless paper sector deny being proactive players
(EU) EU/REGIONS: Commissioner Verheugen, Bertel Haarder and Giuliano Amato at the Committee of the Regions on Wednesday and Thursday
(EU) EU/TRANSPORT: The European Agency for Maritime Safety begins its activities in a year
(EU) EU/TRANSPORT: Council adopts common position on statistics for rail transport
(EU) EU/MEDICINE: Mr McKillop thinks Europe should solve its competitiveness problems in the pharmaceutical industry
ECONOMIC INTERPENETRATION
(EU) Catering:
(EU) Retail:
(EU) Retail:
(EU) Brewing:
(EU) Steel:
(EU) Telecoms:
(EU) Defence:
(EU) Automobiles:
(EU) Banking:
(EU) Chemicals:
(EU) Rail:
(EU) Oil:
€ VALUE IN DIFFERENT CURRENCIES ON 02/07/2002: