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European American Business is the definitive guide for US corporate investment into Europe. It provides key business intelligence to CEO’s and senior board members of US corporations who are responsible for formulating and implementing short and long-term business strategies, in association with ECACC, the world’s largest transatlantic business organisation.
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Trans-European energy grid planned
North Sea countries are planning a massive transnational energy grid
North Sea countries are planning a massive transnational energy grid to share the load of clean electricity generation, according to a number of reports in the press this week. Power would be distributed through underwater high-voltage cables between the countries and could ultimately connect Northern Europe with the Southern European grid. The European Commission will publish a plan for a grid... Read and Comment
European Commission awards Galileo contracts
European Commission has announced the award of three of the six contracts for Galileo
The European Commission has announced today the award of three of the six contracts for Galileo, the European satellite navigation system. The contract for the system support services is awarded to ThalesAleniaSpace of Italy, that for a first order of 14 satellites to OHB System AG of Germany and that for the launch services to Arianespace of France. This will allow the initial deployment and... Read and Comment
Central bank set to lend more
Banks bid for more funding from European Central Bank than economists predicted
The European Central Bank (ECB) will lend banks more than economists forecast in its final tender of unlimited funds – despite tightening lending terms. Economists forecast the bank would lend €75bn. However, banks bid for €96.9bn, said the Frankfurt-based ECB. The cost of borrowing will be indexed to the average minimum bid rate of the bank’s main refinancing operation, rather... Read and CommentBlog
Power playing
A new team of innovation commissioners has resulted in a lot of departmental shuffling and rebranding.
The dust is still settling in Brussels following the announcement of the new team of Commissioners to run the EU’s back office for the next five years. The research and innovation portfolios are rarely the most contested prizes but, perhaps as a sign of the times, a regrouped ‘Digital Agenda’ portfolio has been created to cover the highly politicised areas of telecommunications and... Read and CommentWhat others are saying
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