Finance & Trade

The EU Commits €380 Million to Climate Projects

December 07, 2022

The European Commission has increased its climate investment by 27% by approving more than €380 million in funding for green projects including a circular economy and the clean energy transition.
The EU’s New Sustainability Directive (“CSRD”) Big Impact

November 23, 2022

Following the adoption of the text by the European Parliament, the Corporate Sustainability Reporting Directive (CSRD) is expected to be adopted by the Council of the European Union making the EU the first to put forth such directives for global sustainability reporting standards, impacting nearly 50,000 EU companies that will be required to disclose more sustainability related information than ever before, from business models to supply chains.
U.K. and the Netherlands to Cooperate on Energy Security

November 16, 2022

As Europe prepares for an end to Russian gas supplies, the United Kingdom and the Netherlands have signed a deal that the two countries will cooperate on energy security and production.
Germany’s Government sells Stake in Port of Hamburg to Chinese Company

November 07, 2022

Germany continues the trend of selling parts of Europe’s vital infrastructure to Chinese companies, including the latest move, selling stake in Europe’s second largest port of Hamburg to COSCO which has links to China’s People’s Liberation Army.
Euronews: EU Believes U.S. Anti-Inflation Bill Discriminates Against its Renewable Products in U.S. Market

November 02, 2022

Following the United State’s signing of the $430 billion anti-inflation bill into law, the EU believes the bill discriminates against its products as of European renewable energy products do not have the same access to the US market as those from Canada and Mexico.
New EU Auditor Pledges High Standards of « Ethical Conduct »

October 13, 2022

Following the resignation of Klaus-Heiner Lehne, a former German European Parliament member, who is accused of claiming EU funds illegally, the new EU Auditor has vowed new high standards of « ethical conduct » in an attempt to increase trust in the Institution.
Olaf Scholz’s New Plan Puts Germany First, Creating Concerns within the Bloc

October 10, 2022

While being accused of breaking solidarity and the single market, Germany's Chancellor Olaf Scholz’s plan to establish a €200 billion emergency fund to subsidize lower gas prices triggered a negative response from some European leaders last week.
Pfizer CEO Pulls out of Testifying to EU Parliament COVID Panel

October 05, 2022

Following an audit report into the EU’s vaccine procurement strategy, Pfizer Chief Executive Albert Bourla has pulled out of an appointment to testify before the European Parliament's special committee on COVID-19.
EU Commission and U.S. set Key Goals for Upcoming Transatlantic Meeting

October 05, 2022

Ahead of the upcoming high-level meeting programmed for December 2022, the European Union and the United States have set goals to complete a series of actions including a roadmap on AI, a joint exercise on supply chain disruptions, and recommendations on charging infrastructure.
EU Executive Increases Outreach with New Emergency Supply Chain Tool

September 21, 2022

In an effort to protect the supply chain, the European Commission has set out a new emergency tool called the Single Market Emergency Instrument that gives the EU executive new powers, including requiring the stockpiling of critical goods and telling companies to prioritize certain orders over others.