EUbusiness Week 504 top stories: EU eyes Asia trade pacts after landmark Sth Korea deal; EU favours financial transactions tax globally; US warns Europe of persistent terror threat; Euro-MPs reject deepwater drilling ban call; Galileo satnav system over budget, late: report; Anti-GM crop petition tops million signatures
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EUbusiness Week – Newsletter 504
8 October 2010
http://www.eubusiness.com
Your way through the EU information maze
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This Week’s Top Stories
=======================
1. EU eyes Asia trade pacts after landmark Sth Korea deal
2. EU favours financial transactions tax globally
3. US warns Europe of persistent terror threat
4. Euro-MPs reject deepwater drilling ban call
5. Galileo satnav system over budget, late: report
6. Anti-GM crop petition tops million signatures
Publisher’s Note
================
The approach of the flagship ‘Innovation Union’ unveiled by
the Commission this week would focus EU research efforts on
key challenges like climate change, energy and food
security, health and the ageing population. The package
addresses obstacles to ideas getting to market such as lack
of finance, fragmented research systems, under-use of public
procurement for innovation and slow standard setting.
Research is a vital element of innovation. But there is some
concern that the Communication’s emphasis on research is too
strong. Innovation is not just about scientific
breakthroughs, says EUROCHAMBRES chief Arnaldo Abruzzini.
“Strengthening Europe’s entrepreneurial eco-system and
empowering more people to see themselves as innovators is
equally important.”
http://www.eubusiness.com/research/innovation-union.2
Regards,
Nick Prag
Publisher, EUbusiness
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1. EU eyes Asia trade pacts after landmark Sth Korea deal
———————————————————
The European Union sealed a free trade deal with South Korea
on Wednesday, hailing it as a landmark agreement that will
kickstart a wave of pacts between the EU and Asian nations.
http://www.eubusiness.com/news-eu/summit-skorea-trade.6fx
EU offers trade-tied aid to Pakistan
http://www.eubusiness.com/news-eu/pakistan-trade-aid.6gf
2. EU favours financial transactions tax globally
————————————————-
The Commission has backed a financial transactions tax at
the global level to support development aid, but maintains
that taxing financial activities is preferable for Europe.
http://www.eubusiness.com/news-eu/finance-economy-tax.6gl
3. US warns Europe of persistent terror threat
———————————————-
A top US security official warned Europe on Thursday that it
faced a persistent terror threat, EU ministers said, as
France cited US intelligence claiming EU-born militants
could strike European targets.
http://www.eubusiness.com/news-eu/europe-us-attacks.6gw
4. Euro-MPs reject deepwater drilling ban call
———————————————-
The European Parliament has rejected calls to ban deepwater
drilling in Europe’s waters after the giant US Gulf oil
spill, although Scottish lawmakers fear a hollow victory.
http://www.eubusiness.com/news-eu/oil-environment.6gu
5. Galileo satnav system over budget, late: report
————————————————–
Europe’s Galileo satellite navigation system, meant to rival
the US-built Global Positioning System (GPS), is over
budget, running late and will be unprofitable for years,
a press report said on Thursday.
http://www.eubusiness.com/news-eu/space-satellite-it.6gd
6. Anti-GM crop petition tops million signatures
————————————————
More than one million signatures have been gathered in a
legal bid to “freeze” GM crop cultivation in the European
Union, but a Brussels official says the complaint will be
passed to “political” advisers.
http://www.eubusiness.com/news-eu/farm-food-industry.6g6
EUROPEAN CASE LAW
=================
Japan crime deal: the EU has adopted a deal on cooperating
in criminal probes with Japan, with a caveat that allows
nations to refuse help in cases which could result in the
death penalty.
http://www.eubusiness.com/news-eu/japan-justice-crime.6gk
Latest Court of Justice Judgements
http://www.eubusiness.com/eulaw/ecj
http://www.eubusiness.com/eulaw
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EUbusiness readers – thereafter at a special introductory
discount of 20 per cent
http://www.eubusiness.com/caselex-30
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Inside the EU Institutions
==========================
Council Watch
————-
China: China and the European Union wound up a tug-of-war
summit Wednesday failing to bridge wide rifts on a gamut of
issues ranging from trade to human rights.
http://www.eubusiness.com/news-eu/china-summit.6ga
NATO chief in Turkey to discuss NATO-EU ties
http://www.eubusiness.com/news-eu/nato-turkey-defence.6go
Bosnian voters hope elections will bring change
http://www.eubusiness.com/news-eu/bosnia-vote.6dn
European right hails new election triumph in Latvia
http://www.eubusiness.com/news-eu/latvia-vote.6dq
http://www.eubusiness.com/European_Council
Commission Watch
—————-
Libya : the Commission has offered Libya up to EUR 50m in
aid to stop the flow of illegal migrants to Europe and
protect refugees.
http://www.eubusiness.com/news-eu/libya-immigration.6fh
Ashton wants to make EU voice heard in Middle East talks
http://www.eubusiness.com/news-eu/israel-palestinians.6fy
Greek debt and deficit figures to rise ‘sharply’: EC
http://www.eubusiness.com/news-eu/eurozone-finance.6fp
http://www.eubusiness.com/news-eu/bosnia-enlarge-vote.6g2
Ex-Irish Commissioner quits bank in ethics row
http://www.eubusiness.com/news-eu/ireland-britain.6gt
http://www.eubusiness.com/Commission
Euro-Parliament Watch
———————
Far-right: the European People’s Party, the umbrella group
of 73 centre-right parties, has criticised a post-election
deal between Dutch conservatives and an anti-Islam party.
http://www.eubusiness.com/news-eu/netherlands-party.6e2
This week, MEPs urged the EU to step up investment in
protecting plant and animal species; said the new Basel
capital requirement standards needed fine-tuning; and Africa
needs basic health care, as well as clever drugs. The
Budgets Committee said the 2011 budget needs to make room
for new policy priorities and new sources of financing.
http://www.eubusiness.com/Europarl
EU diary
——–
7-8 Oct, Culture Ministers’ Meeting Informal
7-8 Oct, Justice and Home Affairs Council
11 Oct, Competitiveness Council
14 Oct, Environment Council
15 Oct, Transport, Telecoms and Energy Council
18 Oct, Eurogroup meeting
28-29 Oct, European Council
The Week Ahead: http://www.eubusiness.com/events/EUcalendar
Long-term diary: http://www.eubusiness.com/events/eu-diary
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http://www.eubusiness.com/culture/dc-net.10
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http://www.eubusiness.com/environ/illegal-logging.02
Motorcycle functional safety and emission performance
http://www.eubusiness.com/transport/motorcycle-safety.01
More guides: http://www.eubusiness.com/guides
Publications
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Taxation of the Financial Sector – COM(2010) 549/5
http://www.eubusiness.com/finance/transactions-tax
Land Use/Cover Area frame Survey – Results on EU land cover
and use
http://www.eubusiness.com/agri/land-use.10
More publications: http://www.eubusiness.com/EUbooks
Other news on EUbusiness this week
———————————-
India ends EU drugs seizure row: report 7-Oct
http://www.eubusiness.com/news-eu/health-drugs-india.6gp
Poland’s deficit below EU bar ‘by 2013’ 7-Oct
http://www.eubusiness.com/news-eu/poland-economy.6gg
US, EU airlines decry government aid to rivals 7-Oct
http://www.eubusiness.com/news-eu/aviation-company-us.6gc
IMF raises Euro growth forecasts for 2010, 2011 7-Oct
http://www.eubusiness.com/news-eu/imf-eurozone-growth.6ft
First joint Balkan states rail service starts 4-Oct
http://www.eubusiness.com/news-eu/balkans-turkey-rail.6ei
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