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Commission offers insurers capital relief in return for their investment firepower

Commission offers insurers capital relief in return for their investment firepower
politico.eu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from politico.eu Daily Mail and Mail on Sunday newspapers.

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EU Climate Law Makes Climate Goals Legally Binding – Advanced BioFuels USA

by Ashira Morris (Our Daily Planet) This week, European Union policymakers agreed to enshrine the bloc’s short- and long-term climate commitments. The European Climate Law takes the EU’s goals of reducing net emissions by 55% by 2030 and hitting climate neutrality by 2050 and makes them “legally binding and irreversible,” as German Environment Minister Svenja Schulze put it in Politico EU. Although it still needs to be officially approved by the European Parliament and member countries. While the deal counts carbon removal through activities like growing forests that absorb CO2, there’s a limit on how much countries can rely on these carbon sinks. The focus is on tackling the source problem by cutting emissions. ....

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UK can't have equivalence and divergence

Business Editor
The European Union will strive for close co-operation with Britain on financial services, the EU Financial Services Commissioner Mairead McGuinness has said.
But she said London cannot expect equivalence-based access to the EU financial market if it diverges widely on rules.
Yesterday, Bank of England Governor Andrew Bailey urged the EU not to pick a fight with Britain over its huge financial services industry after Brexit.
He said the bloc was demanding more of London than of other trade partners.
This evening Mairead McGuinness told the FT European Financial Forum 2021 in association with the IDA that the EU would strive for close cooperation on financial cooperation with the UK. ....

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European Market Open: Lower start as Germany extends lockdown

European Market Open: Lower start as Germany extends lockdown
Joshua Warner
January 20, 2021 7:19 AM
European markets are called to open flat-to-lower today as coronavirus fears come back into play after Germany extended its national lockdown.
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In Europe, Germany extends its national lockdown and other countries are expected to follow, while EU regulators warn they are in no rush to grant market access to British finance services companies following Brexit.
Joe Biden will become president of the US today during his inauguration.
In forex, Janet Yellen’s dovishness yesterday failed to push the dollar much lower.
In commodities, calls for more fiscal stimulus in the US has supported prices on hopes that the economy can recover quicker and feed through to higher fuel demand. ....

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Brexit talks: Barnier hints at progress as French minister slams UK 'madness' – Voice Of Vienna

Home / Europe / Brexit talks: Barnier hints at progress as French minister slams UK ‘madness’
Brexit talks: Barnier hints at progress as French minister slams UK ‘madness’Europe
2020-12-15,
by Editor
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The EU’s chief negotiator Michel Barnier has said he still has the firm belief that a post-Brexit trade agreement is possible, as talks between the EU and the UK resumed in Brussels.
It comes a day after the UK and the EU kicked the latest deadline into touch to keep the seemingly interminable saga on life support and just two and a half weeks before the end of the transition period. ....

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