EU, US, UK and TTIP - EUbusiness Week newsletter 754
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
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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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.
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.
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.
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.
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.
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.
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
Latest news from the European Court of Justice
EU law firms
Inside the EU Institutions
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
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
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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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LinksNew Slovakia EU Presidency website