EUbusiness Week 753 top stories: Post-UK vote uncertainty could hit EU recovery; New EU climate proposal to cut emissions in all sectors; EU takes action at WTO over Chinese raw materials; Brussels sticks to its guns on posting of workers; Baltic energy sector boosted by EUR 263m EU investment; Truck producers hit by record EUR 2.93 bn cartel fine
Publisher’s Note
U.S. Secretary of State John Kerry put up a strong defence of the TTIP trade talks when he met EU foreign ministers. TTIP takes on added importance in light of the impact Brexit could have on UK and EU economies, he suggested. The sheer size of the EU-US marketplace could be a substantial counter to any negatives resulting from whatever construct is negotiated between Britain and Europe, he said. And despite despite reports of its imminent demise, the US administration is still looking to conclude TTIP this year.
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Summer service: EUbusiness now moves to its usual reduced service over the summer. Newswires start again in September. I wish you a peaceful summer break.
Regards,
Nick Prag
Publisher, EUbusiness
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1. Post-UK vote uncertainty could hit EU recovery
With markets and exchange rates affected by uncertainty and volatility, the European Commission published Tuesday its first assessment of the economic outlook for the EU after the UK’s 23 June referendum.
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European Central Bank holds off action post-Brexit vote
2. New EU climate proposal to cut emissions in all sectors
The Commission has released a new proposal to accelerate transition to a low-carbon economy by cutting emissions in the transport, agriculture and buildings sectors.
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3. EU takes action at WTO over Chinese raw materials
The EU launched its third action against China at the World Trade Organization Wednesday, this time against Chinese restrictions on export of raw materials essential for European industries.
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4. Brussels sticks to its guns on posting of workers
Following a review of its proposal to revise the Posting of Workers Directive, the Commission has concluded that the proposal does not constitute a breach of the subsidiarity principle.
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5. Baltic energy sector boosted by EUR 263m EU investment
The EU is to invest EUR 263 million in key European energy infrastructure projects, of which the lion’s share will support the building of gas infrastructure in the Baltic Sea region.
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6. Truck producers hit by record EUR 2.93 bn cartel fine
The Commission has fined truck producers including Volvo / Renault, Daimler, Iveco and DAF – a total of EUR 2.93 bn for participating in a cartel and breaking EU antitrust rules.
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EUROPEAN LAW
Annual leave: an employee ending his employment of his own free will is nevertheless entitled to an allowance if he was not able to use up all or part of his right to paid annual leave, the EU Court ruled on Wednesday.
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Latest news from the European Court of Justice
EU law firms
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Inside the EU Institutions
Council Watch
Council issues country-specific recommendations
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Commission Watch
Iraq support – Meda Mylan – Posting of Workers – security agenda – climate and land use – low-emission mobility – treatment of China in anti-dumping investigations – EU-Jordan – German plans for broadband vectoring – truck producers cartel – EU 2015 accounts
Council …
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Parliament Watch
European Parliament on social media – EU-funded projects in Gaza – statement on Turkey – Terrorism threat
Commission …
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EU diary
25 Jul: What’s holding back the private sector in MENA?
26 Jul: RENVISION workshop
4-30 Aug: Magical Slovakia exhibition
Note: the European Parliament is in recess over the summer holidays from 25 July until 21 August
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
EU and Asian leaders unite against terrorism 18-Jul
EUbusiness Community
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Jobs
Project Lawyer in European Public Law, Academy of European Law
Distribution Networks Advisor, EURELECTRIC
Communication Manager, European Chemical Industry Council
Peer-Review Officer, Partnership for Advanced Computing in Europe
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Press
How to finance your mega projects in such volatile market
Car industry reacts to Commission’s decarbonisation strategy
Effort sharing for the climate means cutting meat
China MES: EU Industry cautious relief at Commission announcement
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Guides
EU visa reciprocity mechanism
EU-China relations
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Events
9 Aug, Cambridge: Finance in Horizon 2020 – 2-day workshop
6 Sep, Bratislava: Transition to the Green Economy
13 Oct, Barcelona: Final STARTREE conference
13 Sep, Vienna: Europe Biobank Week
23 Nov, Amsterdam: 15th annual Benelux Infrastructure Forum
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Publications
The Economic Outlook after the UK Referendum: A First assessment
Churchill on Europe: The Untold Story of Churchill’s European Project
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Links
New Slovakia EU Presidency website
