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EUbusiness Week - Issue 456 - 4 September 2009
This Week's Top Stories
1. EU countries push for bank pay crackdown
2. Eurozone business activity picks up in August
3. Europe begins phasing out old-style light bulbs
4. EU reveals probe into Oracle's bid for Sun Microsystems
5. Raised EU cod quota beckons for battered Baltic fleet
6. Recession helps cut EU greenhouse gas levels

Publisher's Note
Welcome back to the newswire. Following the EU's summer break, Commission president Jose Manuel Barroso has got into his stride early, sending the European Parliament 'political guidelines' for his next Commission, proposing to work to build an "ambitious Europe" over the next five years. EP president Jerzy Buzek is urging MEPs not to delay their decision, which he says should be made on September 16. He believes it is needed to 'provide clarity' before Irish voters go to the polls in October for their second referendum on the EU's reforming Lisbon Treaty.
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Regards,
Nick Prag Publisher, EUbusiness

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1. EU countries push for bank pay crackdown
An EU drive to curb bankers' bonuses has won guarded commitment from Britain, as ministers push for a crackdown on pay practices partly blamed for the financial crisis.
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2. Eurozone business activity picks up in August
Private sector economic activity in the eurozone gains ground in August as a key purchasing survey beats initial estimates and turns positive for first time in 15 months.
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3. Europe begins phasing out old-style light bulbs
Shops across Europe began phasing out traditional energy- guzzling light bulbs on Tuesday, despite health and cost concerns, with the old-style frosted and 100-watt bulbs the first to go.
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4. EU reveals probe into Oracle's bid for Sun Microsystems
Business software giant Oracle's 7.4-billion-dollar bid for Sun Microsystems is under investigation under EU merger regulation, the Commission announced on Thursday.
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5. Raised EU cod quota beckons for battered Baltic fleet
Cod fishing quotas in the Baltic sea should rise as stocks return to the waters between Scandinavia and a trio of former Soviet EU members hard hit by recession, says the Commission.
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6. Recession helps cut EU greenhouse gas levels
Greenhouse gas emissions in the European Union fell for the fourth year running in 2008, thanks to the economic recession, the European Environment Agency said on Monday.
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Inside the EU Institutions

Council Watch
G20: France and Germany want the EU to agree on a common position ahead of the G20 summit in Pittsburgh Sept 24-25.
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Support for EU treaty slumps in Ireland: poll
EU ministers to hold swine flu talks October 12
China allays fears over Rio Tinto case
EU nations 'not ready' to resume aid to Nicaragua
EU hails 'crucial step' in Turkey-Armenia dispute
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Commission Watch
WTO: a new global trade pact needs to be "fair and reasonable," the Trade Commissioner said on Wednesday, on the eve of a key WTO meeting in New Delhi aimed at helping drive the talks to a successful end.
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Romania eyeing EU agriculture post
No 'firm recovery' for European economy: Barroso
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Euro-Parliament Watch
This week Swedish government ministers this week outlined their Council Presidency priorities to a range of Parliamentary committees. In committee, the Directive on working time for road transport workers was further delayed amid disagreement between MEPs from the Employment Committee on whether to apply the rules to self-employed drivers; the Agriculture Committee agreed that aid for private storage of butter and skimmed milk powder should be prolonged to help farmers through the current crisis; Development Committee MEPs said Member States must meet their international aid commitments to developing countries; and the Civil Liberties Committee voiced concern over the interim agreement under negotiation between the EU and the United States on data transfers via the SWIFT network.
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EU diary
4-5 Sep, Informal Meeting of Foreign Ministers 7 Sep, Agriculture and Fisheries Council 13-15 Sep, Agriculture and Fisheries Ministers informal 14-17 Sep, European Parliament plenary session 14-15 Sep, General Affairs and External Relations Council The Week Ahead
Long-term diary

Other news on EUbusiness this week
Lufthansa finalises AUA takeover 3-Sep
Italian, German employer unions voice credit fears 3-Sep
Eurozone retail sales slide further: Eurostat 3-Sep
GM looking for billion-euro aid for Opel: report 3-Sep
Iceland must reform financial sector, adopt euro:OECD 2-Sep
European firms sees slowing of China reforms 2-Sep
British insurers fear 'huge regulatory cash call' 2-Sep
Commission opens probe of French broadcast funds 1-Sep
EUbusiness Community

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Policy Forum
Innovation: concrete efforts are needed for Europe to catch up, say SMEs
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Energy-saving light bulbs: good for consumers but outstanding issues need to be addressed
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Briefing
Joint EU Resettlement Programme
Flexicurity in the EU
EU Consumer Policy Financial Programme
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Links
Phasing out conventional incandescent bulbs
Review of national aid schemes introduced during the financial crisis
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