Jorge Valero
@europressos.bsky.social
Brussels-based reporter at Bloomberg News. @unav @UNED & @GCLalumni. . Views my own
((More and more I think that this may have been the Bear Stearns summer of AI…hoping this time we won’t ignore the signals like in 2007… but it is a big ask)) AI was discussed by EU finance ministers in Dublin. In the corridors, concerns about frontier models but even more about EU falling behind
www.politico.eu/article/anth...
‘Gambling with our lives’: AI researcher quits Anthropic with dire warning about safety
“The people building AI earnestly believe that it could kill us all by the end of the decade,” staffer says in resignation post after leaving the tech giant.
politico.eu
Jorge Valero@europressos.bsky.social · 3w agoIt’s the 35th anniversary of Terminator 2 (very timely). The events from this summer made me watch it again and guess what was the climax date of the battle between humans and machines: August 2029
EU and Canada working toward new, all-encompassing relationship ranging from trade to security Canada actively looking at everything short of EU membership, said a Canadian official @albertonardelli.bsky.social @brianplatt.bsky.social @europressos.bsky.social www.bloomberg.com/news/article...
EU and Canada Plan Far-Reaching Alliance to Strengthen Partnership
The European Union and Canada are working toward a new, all-encompassing relationship that will range from trade to security, as the transatlantic partners seek to build a new alliance to offset the g...
bloomberg.com
Politico also reporting this week about our scoop on the first meeting of the trusted advisors group coming this month
Jorge Valero@europressos.bsky.social · 2mo ago❗️NEW: European Commission will launch in early autumn a delayed advisory group for supply chain risks, we’re told. EC has struggled to determine the right format to facilitate the information sharing from companies, who would meet on an ad-hoc basis. www.bloomberg.com/news/article...
It’s the 35th anniversary of Terminator 2 (very timely). The events from this summer made me watch it again and guess what was the climax date of the battle between humans and machines: August 2029
❗️NEW: Canadian PM Carney will address the European Parliament on Sept 17 in a critical moment for both allies as they resist the increasing US pressure amid the ongoing trade tensions, we’re told He will also be a guest to VDL’s SOTEU speech the day before www.bloomberg.com/news/article...
Canada’s Carney to Address EU Allies Amid Pressure From Trump
Canadian Prime Minister Mark Carney will address the European Union next month in a push to deepen ties with the bloc as his trade dispute with the US escalates.
bloomberg.com
❗️NEW: European Commission will launch in early autumn a delayed advisory group for supply chain risks, we’re told. EC has struggled to determine the right format to facilitate the information sharing from companies, who would meet on an ad-hoc basis. www.bloomberg.com/news/article...
EU Sets Fall Timeline to Start Advisory Group on Trade Conflicts
The European Union plans to set up a corporate advisory group after the summer break to share information about supply chain risks in an effort to bolster the bloc’s economic security.
bloomberg.com
❗️NEW: EU is working on proposal (due 9th Sept) to help cities passing measures on touristic apartments -Will introduce common methodology to determine areas under housing stress & proportionality test of the restrictions, key issues vs many litigations they face www.bloomberg.com/news/article...
EU Will Support Cities That Want to Curb Short-Term Rentals
The European Union is preparing measures that will help cities clamp down on short-term rental operators like Airbnb, as Brussels aims to tackle the problem of housing affordability and supply.
bloomberg.com
SCOOP❗️EU is planning to sanction more than 1,600 entities of Russia’s military industrial complex in what would be the largest listing ever made by EU, we’re told. Firms hit have a combined annual turnover of more than $20bn- adoption aimed for October. www.bloomberg.com/news/article...
EU Plans to Sanction Record 1,600 Firms For Helping Russia
The European Union is planning to sanction more than 1,600 companies it says are helping Russia’s war against Ukraine, the most firms it has blacklisted in one package.
bloomberg.com
❗️NEW: EC is set to propose European preference rules for sectors including gas supply and energy extraction, water & electricity networks, railway, ports, airports and postal services, according to draft proposal of EU procurement rules we’ve seen. W Samuel Stolton www.bloomberg.com/news/article...
EU to Prioritize European Providers in Public Service Contracts
The European Union is finalizing sweeping changes to its procurement rules that will allow national governments favor European suppliers in critical public services.
bloomberg.com
❗️NEW: EU executive to allow spending on nuclear power plants to be excluded from deficit calculus under the new energy escape clause, according to doc we’ve seen. Railway projects and metros also included. EU FinMins to discuss matter this week. www.bloomberg.com/news/article...
EU To Allow Leniency on Fiscal Rules for Nuclear Spending
The European Union will allow governments to include nuclear power as one of the categories of energy spending that qualify for greater flexibility under the bloc’s strict budgetary rules.
bloomberg.com
❗️NEW: UK is pushing for joining EU meetings to fine-tune regulation on agrifood standards or ETS, we’re told. EC open to consider only in some cases while EU members split over what access/no access granting post Brexit (At least comitology is sexy in London) www.bloomberg.com/news/article...
UK Irks EU With Post-Brexit Request to Participate in Meetings
The UK is pushing to participate in some European Union meetings as the two sides try to reset a post-Brexit relationship, prompting pushback on the continent.
bloomberg.com
SCOOP❗️ Costa’s top adviser held two calls with senior Russian official to prepare the ground for more substantive talks as efforts focus on bringing Putin to negotiations, we’re told. With @albertonardelli.bsky.social & @afpal.bsky.social www.bloomberg.com/news/article...
EU Chief Reaches Out to Moscow to Set Up Back Channel to Putin
European Council President Antonio Costa has made contact with the Kremlin in an effort to engage Russian President Vladimir Putin in discussions about how to end the war in Ukraine, according to peop...
bloomberg.com
At least we cannot say they didn’t warn us about the consequences of covering the Ecofin in Luxembourg
❗️NEW: IMF & Ukraine reached a staff-level agreement, paving the way for Ukraine to receive almost $700 million in assistance, despite Kyiv failing to pass key condition on parcels reform, we’re told. With Volodymyr Verbianyi www.bloomberg.com/news/article...
IMF Is Said to Agree Loan Deal For Kyiv Despite Missed Condition
The International Monetary Fund agreed to release its next tranche of a loan to Ukraine, despite Kyiv’s failure to meet a key condition as the war-weary nation faces a growing backlash against the req...
bloomberg.com
❗️NEW: DE, FR, NL among critics in Eurogroup vs EC proposal to give additional fiscal leeway for green energy spending, ES one of very few who defended it inside the room-we’re told. W Kamil Kowalcze www.bloomberg.com/news/article...
EU Powers Skeptical of Budget Leeway for Energy Crisis Aid
Several European Union countries are expressing concerns about the bloc’s move to loosen budget rules as the Iran war squeezes markets, arguing the continent may be eroding its fiscal discipline.
bloomberg.com
❗️NEW: EU has begun work this week on imposing sanctions on Israel’s national security minister, Itamar Ben-Gvir, over his treatment of Flotilla activists, were told. MS taking advantage of new momentum to push forward, EU official said. With @afpal.bsky.social www.bloomberg.com/news/article...
EU Is Working to Sanction Israeli Minister Who Berated Activists
The European Union has begun work on imposing sanctions on Israel’s national security minister, Itamar Ben-Gvir, over his treatment of activists who were trying to get aid into Gaza by sea, according ...
bloomberg.com
❗️NEW: Hungary supports rollover of sanctions against Russia for a year, as Costa is preparing to propose for next EUCO, we’re told. www.bloomberg.com/news/article...
Hungary to Back Year-Long Extension of EU Sanctions on Russia
Hungary said it will back a full year’s extension of the European Union’s sanctions against Russia in a major reversal from its previous role in stonewalling the process, according to people familiar ...
bloomberg.com
❗️NEW EC moving toward granting leeway to capitals to deal with energy-related spending due to Iran war. Will be smaller version of defense clause: figure considered 0.3% of GDP, but details/modalities could change before release With @albertonardelli.bsky.social www.bloomberg.com/news/article...
EU Poised to Give Countries Budget Leeway To Cushion Energy Cost
The European Commission is weighing plans to grant member states additional fiscal flexibility to cope with the impact of high energy costs due to the Iran War, according to people familiar with the d...
bloomberg.com
❗️ Overreach, power grabbing, micromanaging, bottlenecks, delays & lack of focus on what should be her top priority… Von der Leyen has amassed power like no other EU Commission chief, but officials question what for W @albertonardelli.bsky.social & Suzanne Lynch www.bloomberg.com/news/feature...
The EU’s Commission Chief Is Increasingly Seen as Too Powerful
Ursula von der Leyen is facing pushback from some member countries.
bloomberg.com
NEW❗️MS incl 🇫🇷 & 🇩🇪 rejected US metals tariff review aimed at appeasing concerns as it would lead to higher tariffs to nearly half of products. EC also concerned, told MS that would consider measures if talks fail, adding more turbulence to approval of trade deal www.bloomberg.com/news/article...
EU Rejects US Plan to End Metals Tariff Spat and Mulls Response
The European Union’s biggest economies are unhappy with a US proposal to resolve a metals tariff dispute, injecting fresh uncertainty into final negotiations to implement a stalled trade deal.
bloomberg.com
❗️NEW: VDL is due to meet late on Wednesday with companies including ASML, Siemens, Nokia and Ericsson as the bloc seeks to boost its competitiveness amid increasing pressure from US and Chinese rivals. www.bloomberg.com/news/article...
EU’s Von der Leyen to Hold Meeting with Chip and Tech Firms
The European Union executive’s arm will meet with companies from the technology and semiconductor sector this week amid concerns from business that the bloc’s competitiveness drive is falling short.
bloomberg.com
❗️NEW: The European Commissio is preparing an analysis on the possibility of rolling over the NGEU debt, we’re told www.bloomberg.com/news/article...
EU Explores Rolling Over Covid-Era Debt as Spending Needs Mount
The European Union is looking into delaying repayments on billions in debt it took on during the pandemic, as countries search for more money to spend now on defense and advanced technologies.
bloomberg.com
❗️NEW: And Leaders will sign today the joint roadmap to accelerate reforms of internal market after MS adopted the doc yesterday. Doc includes in final version first quarter of 2027 as target date for agreement on ETS reform as EU pushes for ambitious calendar www.bloomberg.com/news/article...
EU Targets Deal on Carbon Market Overhaul in First Quarter 2027
The European Union aims to agree on a planned reform of its flagship carbon market by early next year as part of a broader effort to speed up key changes to boost the bloc’s competitiveness.
bloomberg.com
❗️NEW: EU Exec warned EP amendments to US trade deal could unravel the agreement in closed door meetings with member states. EU commission is also unhappy with recent reform of the long awaited reform of the US tariffs on goods containing steel/aluminium, we’re told www.bloomberg.com/news/article...
EU Warns Trade Deal With US at Risk Over Effort to Strengthen It
The European Union warned member states that efforts to strengthen safeguards in the bloc’s trade agreement with the US may cause the deal to unravel.
bloomberg.com
❗️NEW: IMF is running scenarios on countries to gauge which economies could be in need of fresh financing if the Iran war drags on, we’re told. With Jorgelina do Rosario www.bloomberg.com/news/article...
IMF Runs Scenarios on Which Nations May Need Aid Due to Iran War
The International Monetary Fund is running scenarios on countries to gauge which economies could be in need of fresh financing if the Iran war drags on, according to people familiar with the matter.
bloomberg.com
In case you missed our story landing yesterday night…
Jorge Valero@europressos.bsky.social · 7mo ago❗️SCOOP: Dombrovskis told EU FinMins EU’s inflation rate could surpass 3% this year if the war in the Middle East causes Brent oil prices to remain around $100 per barrel & gas prices stay elevated, we’re told. Growth could be as much as 0.4 percentage points lower. www.bloomberg.com/news/article...
❗️SCOOP: Dombrovskis told EU FinMins EU’s inflation rate could surpass 3% this year if the war in the Middle East causes Brent oil prices to remain around $100 per barrel & gas prices stay elevated, we’re told. Growth could be as much as 0.4 percentage points lower. www.bloomberg.com/news/article...
EU Warns Iran Conflict Could Push the Bloc’s Inflation Above 3%
The European Union warned that its inflation rate could surpass 3% this year if the war in the Middle East causes Brent oil prices to remain around $100 per barrel and gas prices stay elevated for an ...
bloomberg.com
❗️And in case you missed our story before: EU lawmakers kept on hold ratification of US deal as they ask for more clarity - expecting more info from EU exec on Tuesday, and if so they could vote still in March. www.bloomberg.com/news/article...
EU Keeps US Trade Deal Frozen Over Tariff Uncertainty
The European Union’s trade deal with the US will stay frozen after the European Parliament decided to keep its ratification paused in the wake of a court ruling invalidating President Donald Trump’s g...
bloomberg.com