Making big data work – EUbusiness Week newsletter 677

Publisher’s Note

This week the European Commission launched a partnership with Europe’s data industry, planning to invest EUR 2.5 bn in a public-private partnership in a bid to put Europe at the forefront of the global data race.

Every day the world generates 1.7 bn bytes of data, and making sense out of it and putting it to good use is a huge undertaking. But the benefits, says the Commission, could be huge, in sectors from healthcare to transport and energy. “Every kind of organisation needs the building blocks to boost their performance, from farm to factory, from the lab to the shop floor,” says Commissioner Neelie Kroes.
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Regards,

Nick Prag
Publisher, EUbusiness

1. Italy, France seize on market falls in fight with Germany

Italy and France have reacted to turmoil in global stock markets by stepping up their calls for the Euroepan Union to switch course to focus on growth, not on balancing budgets.
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Lifelines promise for Greece as crisis haunts eurozone
Portugal’s budget meets deficit rules, to ease austerity

2. EU ministers seal bank data deal to fight tax evasion

Finance ministers have taken a major step towards ending banking secrecy, agreeing to the automatic exchange of account information so as to catch out tax cheats.
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3. Red tape bonfire ‘could keep Britain in EU’: report

Plans by Brussels to slash the red tape that businesses face could help keep Britain in the EU, the man behind the proposals Edmund Stoiber said on Tuesday.
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4. Sri Lanka faces EU fish export ban

The EU has moved to ban Sri Lanka from selling its seafood to the massive EU market in a bid to stop illegal fishing by the second biggest exporter to the bloc.
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5. EU may boost exit screening in Ebola-hit states

Europe’s health ministers agreed Thursday to launch an immediate review of the screening of passengers departing Ebola-hit countries in West Africa and boost them if the measures are found to be failing.
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6. Canada Inuits reach EU deal to resume seal exports

The Canadian government has announced an agreement with the EU that will let Inuit people resume the exportation of seal products, the subject of an EU ban since 2009.
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EUROPEAN LAW

Hungary: the EU has launched legal action against Hungary arguing that a ban on foreign ownership of land pushed through by Viktor Orban’s right-wing government is illegal.
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EU court orders Tamil Tigers’ removal from terror list
EUR 3m bail for ex-IMF head in credit card scandal
Latest news from the European Court of Justice
EU Law Firms
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Inside the EU Institutions

Council Watch

Italy: Italy’s cabinet on Wednesday approved a 2015 budget just hours before an EU deadline, unveiling plans to increase borrowing to slash taxes by EUR 18 bn, but promising to abide by deficit rules.
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Serbia gives isolated Putin a hero’s welcome
Thai PM faces protest on first outing on world stage
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Commission Watch

Team: incoming chief Jean-Claude Juncker made a last-minute reshuffle to his team Wednesday in a bid to meet a November 1 deadline to start work on reviving the eurozone economy.
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EU grants EUR 3.9m in aid to Kobane refugees
Oettinger confident of winter gas deal despite Russia row
Anti-trust chief Almunia slams ‘irrational’ views of Google
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Parliament Watch

Farage: British eurosceptic leader Nigel Farage’s group in the Parliament has collapsed, ending a short-lived alliance with Italian populist Beppe Grillo after the May elections.
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Austrian ex-MEP loses appeal over jail term for corruption
In committee this week, MEPs debated counter-terrorism policies; a strategy for improving gender equality; and the food safety committee discussed a new proposal to define novel food and streamline the authorisation process.
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EU diary

20 Oct: Foreign Affairs Council
20-23 Oct: European Parliament Plenary Session
21-22 Oct: Role of Energy Storage in South-Eastern Europe
21 Oct: Eurostat debt and deficit figures for 2010-2013
21 Oct: General Affairs Council
23-24 Oct: European Council
23 Oct: Food Fraud Conference
The Week Ahead
Long-term diary

RESOURCES

EU Law Firms
Summaries of EU Legislation
EU Decision-Making
Treaties of the European Union
Key EU Legal Terms

Other news on EUbusiness this week

Fitch places EU rescue fund on rating watch negative 16-Oct
RTL Group takes Hungary tax protest to Brussels 16-Oct
Eurozone exports fall for third month: Eurostat 16-Oct
EU regulator calls on banks to comply with bonus cap 15-Oct
Spain told by EU to recover corporate tax breaks 15-Oct
Deutsche Telekom hit with EU anti-trust fine 15-Oct
Italy out of recession thanks to hookers, drugs 15-Oct
EU operation to track migrants without papers 15-Oct

EUbusiness Community

Press

EBF highly concerned over proposed EU model for payment initiation services
Political instability to hamper growth in 2015, global business says
ANEC 25th General Assembly: Organised consumer participation in standardisation is essential
Stoiber prescribing the wrong medicine
More press …

Jobs

Falsified Medicines Directive Project Manager, European Generic medicines Association
Banking – Finance Lawyer, European Investment Bank
Policy & Advocacy Manager, ONE
Information and Events Officer, European Anti Poverty Network
More jobs …

Guides

Smart Regulation in the EU – making EU law lighter
Ebola and health implications for the EU
Gas Stress Tests
EU fight against illegal, unreported, unregulated fishing
Solvency II Delegated Act
More guides …

Events

3 Nov, London: Trade and Academic Research Conference
24 Nov, Amsterdam: Benelux Infrastructure Forum
27 Nov, London: Big Data in Retail Financial Services
More events …

Publications

Annual Report on European SMEs 2013-2014 – A Partial and Fragile Recovery
More publications …

Links

Smart Regulation

High Level Group on Administrative Burdens

More links

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