EU announces new ‘interpretation’ of Canada trade deal in bid to ensure ratification on 10/02/24 The European Commission and Canada have agreed on the "interpretation” of parts of the Comprehensive Economic and Trade Agreement (CETA) that relate to investor protection from environmental regulation, in a push by Brussels to persuade member states to ratify the bilateral multibillion-euro deal. EU reaches agreement on spending rules on 10/02/24 The European Parliament and member states reached an agreement early Saturday (10 February) on reforms to EU budgetary rules aimed at boosting investment while keeping spending under control. German-Italian revolt delays EU’s due diligence law on 09/02/24 The Corporate Sustainability Due Diligence Directive (CSDDD) has been taken off the agenda of today’s meeting of EU ambassadors, as it was not expected to reach a majority among EU countries. So far, no new date for the vote has been set. Unions issue ‘urgent’ call for EU industrial policy to respect workers’ rights on 09/02/24 “When we give vast amounts of taxpayers’ money to private industry, we should be ensuring they are creating quality jobs that make this collective investment worthwhile." Platform work rulebook hangs by thread ahead of member states’ final nod on 08/02/24 Negotiators from the European Commission, Council and Parliament struck a deal on the Platform Work Directive - for the second time - on Thursday (8 February), with all eyes now on member states, who have been asked to rubberstamp it on Friday. New EU Energy Performance of Buildings Directive: 3 conditions for success [Promoted content] on 08/02/24 In December 2023, EU legislators reached a long-awaited agreement on the recast of the Energy Performance of Buildings Directive (EPBD). FIEC and its Irish President, Philip Crampton, have already taken a closer look at what will become a key legislative text that will shape the European renovation and new construction market for the years to come. Defence main topic on table at EIB annual forum on 08/02/24 Defence was on everyone’s lips at the European Investment Bank’s (EIB) annual forum on Wednesday and Thursday (7-8 February), as member states call for a ramp up in defence and military spending, and EU’s Charles Michel wants a “real Defence Union”. EU delays corporate transparency rules for mining, oil and gas firms on 08/02/24 The European Parliament and the Council of EU member states agreed on Wednesday evening (7 February) to grant a two-year delay for sector-specific standards under the Corporate Sustainability Reporting Directive (CSRD), offering a break to mining and fossil fuel firms targeted by the upcoming transparency rules. Fast money: European Parliament greenlights ‘instant payment’ law on 07/02/24 The European Parliament has formally approved legislation that will force banks and other payment service providers to offer EU citizens and businesses the option of performing virtually instantaneous credit transfers. EU closes deal on scaled-back clean tech ‘sovereignty fund’ on 07/02/24 Legislators from the Council of EU member states and the European Parliament reached agreement on Wednesday (7 February) on a scaled-back version of what was initially pitched as an EU sovereignty fund to support green technologies.
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