European

Ana Paula Assis of IBM Joins the Trane Technologies Board of Directors

Retrieved on: 
Wednesday, October 4, 2023

Trane Technologies (NYSE: TT), a global climate innovator, today announced the appointment of Ana Paula Assis to its Board of Directors, effective immediately.

Key Points: 
  • Trane Technologies (NYSE: TT), a global climate innovator, today announced the appointment of Ana Paula Assis to its Board of Directors, effective immediately.
  • Assis is the Chair and General Manager of IBM in Europe, the Middle East and Africa (EMEA).
  • View the full release here: https://www.businesswire.com/news/home/20231004432631/en/
    Ana Paula Assis joins Trane Technologies' Board of Directors (Photo: Business Wire)
    “Ana Paula has been instrumental in driving growth and transformation in markets around the world throughout her career,” said Dave Regnery, chair and CEO of Trane Technologies.
  • Assis will serve on the Human Resources and Compensation Committee; the Sustainability, Corporate Governance and Nominating Committee; and the Technology and Innovation Committee of the Trane Technologies Board of Directors.

MarketAxess Announces Monthly Volume Statistics for September and Third Quarter 2023

Retrieved on: 
Wednesday, October 4, 2023

Reported MarketAxess volume in all product categories includes only fully electronic trading volume.

Key Points: 
  • Reported MarketAxess volume in all product categories includes only fully electronic trading volume.
  • MarketAxess trading volumes, TRACE reported volumes and MarketAxess Post-Trade processed volumes are available on the Company’s website at investor.marketaxess.com/volume .
  • These and other statements that relate to future results and events are based on MarketAxess’ current expectations.
  • More information about these and other factors affecting MarketAxess’ business and prospects is contained in MarketAxess’ periodic filings with the Securities and Exchange Commission and can be accessed at www.marketaxess.com .

Press release - Hearing of Commission Executive Vice-President Maroš Šefčovič

Retrieved on: 
Wednesday, October 4, 2023

The Committee on the Environment, Public Health and Food Safety questioned Maroš Šefčovič (Slovakia), after he was assigned the role of Executive Vice-President for the European Green Deal.

Key Points: 
  • The Committee on the Environment, Public Health and Food Safety questioned Maroš Šefčovič (Slovakia), after he was assigned the role of Executive Vice-President for the European Green Deal.
  • On improving engagement with citizens, Mr Šefčovič committed to organising green social dialogues and strengthening cooperation with industry, agriculture and forestry stakeholders.
  • Questions by MEPs
    MEPs asked Mr. Šefčovič how he would coordinate EU climate action and requested a commitment for the proposal by the Commission of a science-based EU climate target for 2040.
  • Mr Šefčovič, is currently in charge of the Interinstitutional Relations and Foresight portfolio in the college of Commissioners.

Press release - MEPs adopt new trade tool to defend EU from economic blackmail

Retrieved on: 
Wednesday, October 4, 2023

The Anti-Coercion Instrument (ACI) seeks to protect EU and member state sovereignty in a geopolitical context where trade and investment are increasingly weaponised by foreign powers.

Key Points: 
  • The Anti-Coercion Instrument (ACI) seeks to protect EU and member state sovereignty in a geopolitical context where trade and investment are increasingly weaponised by foreign powers.
  • Although this kind of coercion undermines the EU's strategic autonomy, it is not covered by the World Trade Organisation (WTO) agreement.
  • The WTO dispute settlement mechanism is unavailable for cases of economic coercion specifically, unless they also involve aspects that violate WTO rules.
  • In May, G7 leaders announced the launch of a coordination platform against economic coercion, echoing the EU’s initiative.

Transaction in Own Shares

Retrieved on: 
Tuesday, October 3, 2023

These share purchases form part of the on- and off-market limbs of the Company's existing share buy-back programme previously announced on 27 July 2023.

Key Points: 
  • These share purchases form part of the on- and off-market limbs of the Company's existing share buy-back programme previously announced on 27 July 2023.
  • In respect of this programme, Citigroup Global Markets Limited will make trading decisions in relation to the securities independently of the Company for a period from 27 July 2023 up to and including 27 October 2023.
  • The on-market limb will be effected within certain pre-set parameters and in accordance with the Company’s general authority to repurchase shares on-market.
  • The off-market limb will be effected in accordance with the Company’s general authority to repurchase shares off-market pursuant to the off-market buyback contract approved by its shareholders and the pre-set parameters set out therein.

France's decision to leave Niger was a bad move: three reasons why

Retrieved on: 
Tuesday, October 3, 2023

Only four weeks earlier, Macron had refused to follow the instructions of the putschists who’d ordered the ambassador and French forces to leave the country.

Key Points: 
  • Only four weeks earlier, Macron had refused to follow the instructions of the putschists who’d ordered the ambassador and French forces to leave the country.
  • He argued that he did not recognise the new junta, which took power on 26 July, and insisted that his forces would remain in the country.
  • As a scholar of politics and international relations, I have been exploring the security situation and the rise of insurgency in the Sahel for over a decade.
  • The US resumed operations in some of its bases in Niger, having secured agreement from the junta.

The fight against terrorism

    • The country is actively involved in and contributes to security organisations such as the G5 Sahel and the Multinational Joint Task Force.
    • These organisations are involved in the fight against terrorism in the region.
    • The decision by France to pull out of Niger will have an impact on counter terrorism operations in the region.
    • France has been involved there for a long time and has soldiers who thoroughly understand the region.

Russia versus the US

    • Nevertheless, it is not unreasonable to assume that one of Washington’s reasons for making sure it remained in Niger was the fear that it might lose the country to Russia.
    • In Mali, the military junta replaced French troops with Wagner forces.
    • Since 2022, Russia has gained influence through the Wagner Group after the exit of France.

What it means for migration

    • The EU needs stability in Niger to stem trafficking and avoid another humanitarian catastrophe as seen in 2015-16.
    • Europe witnessed the highest number of migrants transiting through Niger and Libya into Europe during this period.
    • While serving as interior minister, Bazoum was instrumental in passing a law against people smuggling through Niger.

Next steps


    While I understand that increased diplomacy with the junta cements its authority, I think foreign powers should accept that there is a government in Niger that has some degree of popularity among the citizens. Frozen channels of diplomacy must be reactivated to prevent a total collapse of the Sahel’s security architecture and in order to achieve a quick transition to democracy.

Kashiv BioSciences Enters into Exclusive Licensing Agreement with Alvotech for Development & Commercialization of a Proposed Biosimilar to Xolair® (omalizumab)

Retrieved on: 
Tuesday, October 3, 2023

Under terms of the agreement, Alvotech will receive an exclusive license to commercialize ADL018, which will be developed and manufactured by Kashiv.

Key Points: 
  • Under terms of the agreement, Alvotech will receive an exclusive license to commercialize ADL018, which will be developed and manufactured by Kashiv.
  • “We are delighted to partner commercial rights to our omalizumab biosimilar program to Alvotech, a global biosimilar company, for multiple major geographies.
  • With this exclusive development and commercialization agreement, Kashiv continues to build upon its strong track record of developing and manufacturing high-quality biosimilars for commercial partners worldwide.
  • “We are very pleased to enter into this exclusive development and commercialization agreement for omalizumab.

EBA publishes its work programme for 2024

Retrieved on: 
Tuesday, October 3, 2023

03 October 2023

Key Points: 
  • 03 October 2023
    The European Banking Authority (EBA) published today its annual work programme for 2024, setting out the key strategic areas for the Authority to work on in the coming year, as well as related activities and tasks.
  • In 2024, the EBA will need to address a large number of mandates in a wide range of areas, building on the priorities defined in its programming document for the period 2024-2026.
  • As in previous years, the work programme benefitted from the recommendations of the EBA’s Advisory Committee on Proportionality.
  • The executive summary of the EBA work programme for 2024 will be made available in all EU official languages.

5GAA Welcomes the European Parliament's Adoption of a Forward-Looking ITS Directive Revision

Retrieved on: 
Tuesday, October 3, 2023

BRUSSELS, Oct. 3, 2023 /PRNewswire/ -- Earlier today, Tuesday 3rd October, the European Parliament by an overwhelming majority voted to approve the ITS Directive Revision.

Key Points: 
  • BRUSSELS, Oct. 3, 2023 /PRNewswire/ -- Earlier today, Tuesday 3rd October, the European Parliament by an overwhelming majority voted to approve the ITS Directive Revision.
  • 5GAA commends policymakers and rapporteur Plumb for the adoption of a forward-looking ITS Directive that promotes technological innovation, and ultimately, the large-scale deployment of intelligent transport systems across Europe.
  • 5GAA further welcomes the recognition of the technology neutrality principle, now enshrined within the ITS Directive.
  • This commitment, combined with the adoption of the ITS Directive, will give new impetus to connected cars in Europe.

5GAA Welcomes the European Parliament's Adoption of a Forward-Looking ITS Directive Revision

Retrieved on: 
Tuesday, October 3, 2023

BRUSSELS, Oct. 3, 2023 /PRNewswire/ -- Earlier today, Tuesday 3rd October, the European Parliament by an overwhelming majority voted to approve the ITS Directive Revision.

Key Points: 
  • BRUSSELS, Oct. 3, 2023 /PRNewswire/ -- Earlier today, Tuesday 3rd October, the European Parliament by an overwhelming majority voted to approve the ITS Directive Revision.
  • 5GAA commends policymakers and rapporteur Plumb for the adoption of a forward-looking ITS Directive that promotes technological innovation, and ultimately, the large-scale deployment of intelligent transport systems across Europe.
  • 5GAA further welcomes the recognition of the technology neutrality principle, now enshrined within the ITS Directive.
  • This commitment, combined with the adoption of the ITS Directive, will give new impetus to connected cars in Europe.