Archive for the ‘European Union’ Category

Pro-Brexit lobby group Leave.eu joins the EU – DW (English)

A pro-Brexit lobby group transferred its website registration address to the European Union to avoid losing its .eutop-level domain, Irish media reported on Thursday.

Leave.eu is a website funded byUKIP funder Arron Banks that campaigned for Brexit. It is not affiliated with the official Vote Leave Brexit campaignbut was an influential lobby group in the lead up to the 2016 Brexit referendum and subsequent negotiations.

The .eucountry code top-level domain is reserved for people and entities residing in the EU. As the UK has now left the bloc, theEuropean registry for the .eu domain, EURid, suspended all British-based .eu websites.

In a bid to avoid losing its domain name, which would affect its brand and its search rankings, the parent organization, Better for the Country, changed its address to a town in Ireland, according to the Irish Times and Euractiv.

Euractiv reported that Leave.eu was one of 80,000 British .eu websites thatEURid wrote to ahead of the Brexit cut-off date.

British operators of .eu domains have until March 31 to change their address to the EU or prove that they are EU citizens, or they will lose access entirely.

Banks ran the Leave.eu group with Andy Wigmore, who confirmed to French news agency AFP that they had shifted their registered office toWaterford, a town onIreland's southeast coast.

Wigmore defended the move in comments to British newspaper The Independent, saying: "Yes we did it and why not? Anyone can do it and thousands of companies have."

He told the paper that the move would not include the transfer of any staff or economic activity out of the UK to the EU.

The news bought mockery on social mediaand accusations of hypocrisy.

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Pro-Brexit lobby group Leave.eu joins the EU - DW (English)

European Union says it will redouble efforts to save Iran nuclear deal after rule breach – Economic Times

BRUSSELS: The European Union says it will redouble its efforts to save the Iran nuclear agreement despite what it calls Tehran's "important breach" of commitments made in the 2015 deal by starting to enrich uranium to new levels. EU spokesman Peter Stano said that Iran's actions "will have serious implications when it comes to nuclear nonproliferation."

Stano said it was in everyone's interest to rescue the deal and said the 27-nation bloc "will strengthen" its attempts to make sure all adhere to the commitments made in the landmark deal.

Iran began enriching uranium Monday to levels unseen since its 2015 nuclear deal with world powers. The decision appeared aimed at increasing Tehran's leverage in the waning days in office for US President Donald Trump, whose unilateral withdrawal from the atomic accord in 2018 began a series of escalating incidents.

Increasing enrichment at its underground Fordo facility puts Tehran a technical step away from weapons-grade levels of 90%. Iranian Foreign Minister Mohammad Javad Zarif said the action was "fully reversible" if other partners in the deal fully complied too, without elaborating.

Iran informed the International Atomic Energy Agency of its plans to increase enrichment to 20% last week.

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European Union says it will redouble efforts to save Iran nuclear deal after rule breach - Economic Times

Calls growing for EU action on migrant situation in Bosnia – InfoMigrants

Bosnian authorities have reportedly delivered beds and mattresses to migrants stranded at the site of the destroyed Lipa camp. Pressure is mounting in Europe for urgent solutions to be found.

Tents erected a few days ago by the Bosnian military near the burnt-out Lipa migrant camp have now been fitted out with beds and mattresses, according to local media reports. Several hundred migrants and refugees who have been sleeping in the open in freezing cold weather are to be accommodated at the site. The beds and mattresses have come from the nearby camp on the outskirts of Bihac, which was shut in September following protests by local residents.

The Lipa camp near the Bosnian city of Bihac was closed by the UN migration agency IOM shortly before Christmas, because the Bosnian authorities had refused to make it fit for winter conditions. Reportedly, a few of the camp residents set fire to tents, making it uninhabitable.

An attempt by Bosnian authorities to transfer the migrants by bus to a former barracks in the country's south was abandoned because of opposition by residents, and the migrants were returned to the site of the camp.

They have been receiving food and non-food assistance, and some medical care, from the Red Cross, the Danish Refugee Council and the IOM. However, the migrants' physical and mental health has continued to deteriorate, according to Peter Van de Auweraert, the Bosnian Chief of Mission for IOM.

The German foreign ministry has called on Bosnia to provide better conditions for migrants. Bosnian authorities have agreed to take steps to improve conditions, German foreign ministry spokesperson Maria Adebahr said on Wednesday, adding that Germany would be keeping an eye on progress.

Adebahr said 700,000 in aid could be provided to Bosnia. The EU has already supported the Balkan country with an extra 3.5 million to cope with the current emergency situation. Since 2018 the EU has provided 88 million to Bosnia to deal with migrants in the country, according to the German government.

There are growing calls for the European Union to take action on the Bosnia situation. Germany's protestant church (EKD) representative for migration, Manfred Rekowski, said politicians should be doing more to help those in camps "on the edge of the EU."

Municipalities in Germany must finally be able to admit refugees, Rekowski said in a video message posted on Thursday, referring to offers by a number of German municipalities to take in migrants.

"The German Federal Government and the European Union have to ensure that refugees in Bosnia receive concrete help," he added. "We mustn't lose sight of the people, they have lost everything."

The rights organization Pro Asyl has again urged the European Union to come to the aid of migrants at Lipa. "The people must be evacuated, they have to be brought to the European Union," said the head of Pro Asyls Europe section, Karl Kopp, in an online interview with German newspaper taz on Wednesday.

Kopp demanded that Germany take the lead on the issue, saying Berlin should set rapid rescue measures in motion in cooperation with new EU Council President Portugal.

"The European Union and the member states that forcibly closed the Balkans route in 2016 and at the same time initiated the Turkey deal with (Turkish President) Erdogan are helping to ensure that there is misery on the Greek islands and in the Balkans today," Kopp said.

"The cynical attitude of the EU that says: 'we give some money and then the people should stay there', is wrong and unrealistic."

Kopp said the survival of around 1,700 people at Lipa is hanging in the balance. There are currently 8,000 to 10,000 people stranded in Bosnia, the least stable country in the Balkans, he said.

"They are stuck there because they are violently pushed back by Croatia at the EU's external borders, contrary to international law," said Kopp.

He accused the EU and Germany of remaining silent about the constant human rights violations by Croatia.

With KNA, dpa, epd

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Calls growing for EU action on migrant situation in Bosnia - InfoMigrants

European Union aims to establish patent workaround in case of emergencies while trying to strengthen its own IP – Endpoints News

The European Union is looking at ways to bypass patent protections and make it easier to make generic drugs in cases of emergency such as the Covid-19 pandemic, a new document says.

Normally, under WTO regulations, the practice known as compulsory licensing is allowed in exceptional circumstances and could be applied as a waiver to bypass patent holders. Wednesdays document was published as part of the EUs plan to shore up the intellectual property rights of its member states.

The Commission sees the need to ensure that effective systems for issuing compulsory licences are in place, to be used as a means of last resort and a safety net, when all other efforts to make IP available have failed, the document said.

Reuters was the first to report on the plan, writing Wednesday that some legislators have urged the EU to use the WTO waiver to gain access to potential vaccines and drugs for Covid-19, but the bloc has resisted until this point. Instead, the European Commission and other governments on the continent have been purchasing prospective vaccines and therapies in bulk.

But Covid-19 is causing the EU to rethink its strategy, given the extraordinary nature of the pandemic and need for treatments.

The EU outlines how a procedure closely linked to patents, known as supplementary protection certificates, are also hampering European patent holders. The certificates provide an extended IP protection for products that undergo clinical trials and regulatory approvals, but due to inconsistent implementation across Europe, both generic and drug makers have had a difficult time implementing a cohesive Covid strategy.

Earlier this week, Reuters had previously reported that the bloc was considering making access to generics easier altogether. The goal of the plan is to make drugs more affordable while preventing the supply and manufacturing shortages seen during the early stages of the pandemic this spring.

A draft of the document reviewed by Reuters appeared to discuss a plan to apply antitrust policies more rigorously against pharmaceutical companies, though that does not appear in the final plan released Wednesday. The draft also mentioned the possibility of cracking down on drugmakers that delay the approval of generics, limiting patent protection for drugs that arent made available in all 27 EU countries, and aiming to prevent drug shortages across the continent.

Social: Shutterstock

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European Union aims to establish patent workaround in case of emergencies while trying to strengthen its own IP - Endpoints News

EU derivatives decision leaves London in the lurch – Reuters

LONDON (Reuters) - Londons dominance of the multi-trillion dollar global derivatives market is at risk after a regulator said on Wednesday banks in the EU will have to use trading platforms within the bloc after the completion of Brexit on Dec. 31.

FILE PHOTO: The City of London financial district is seen amid the coronavirus disease (COVID-19) outbreak in London, Britain, November 24, 2020. REUTERS/Peter Nicholls/File Photo

The City of Londons unfettered access to the European Union, its biggest customer, ends when the Brexit transition arrangements expire, and Brussels wants trading in euro-denominated derivatives to remain within its jurisdiction or in a country with equivalent standards to the bloc.

The Paris-based European Securities and Markets Authority (ESMA) on Wednesday confirmed that from Jan. 1 EU investors would have to use a swaps platform inside the bloc, or based in a non-EU country such as the United States that has already been granted equivalence or permission.

This means that branches of EU banks in London will face conflicting EU and British requirements on where to trade derivatives.

The City of London touts itself as the go-to location globally for trading derivatives - the life blood of financial markets, allowing investors to bet on a swathe of assets and hedge risk.

The decision is a starting gun for a fight between the UK and the EU for the location of international derivatives trading in Europe, said Michael McKee, a financial services lawyer at DLA Piper law firm, adding that France and Germany hoped to pick up the spoils.

Banks have already been moving some positions in derivatives from London to the new EU hubs ahead of Brexit.

While the rules would not create the sort of systemic disruption of areas such as clearing the contracts, which has already been smoothed over with temporary equivalence, it does signal that the EU is prepared to play hardball as Brexit injects a sense of urgency into reducing its reliance on the City of London for core financial services for its economy.

ESMA acknowledges that this approach creates challenges for some EU counterparties, particularly UK branches of EU investment firms, the watchdog said.

Britains Financial Conduct Authority said it would not be adjusting its approach to derivatives trading at this time.

Mutual equivalence would be the best way to avoid market disruption and meet international G20 commitments. We continue to monitor market developments, the FCA said.

The derivatives industry has urged Brussels to avoid a clash in rules through a quick fix legal workaround, but it now appears this was not possible.

The rules mean British counterparties will have to use a UK authorised platform, while EU counterparties have to use an EU authorised platform, making a trade between the two sides impossible. You cant tick both boxes, a derivatives sector official said.

Again, this is the EU telling the UK - this is your mess, you can sort it out, said Jake Green, a regulation lawyer at Ashurst law firm.

The ESMA said it did not see room for providing different guidance based on the current legal framework, and in the absence of an equivalence decision by the European Commission.

The ongoing trade talks between the EU and Britain do not cover financial services, though a deal could help the mood music towards financial services access.

The International Swaps and Derivatives Association (ISDA) said no equivalence would mean fragmenting liquidity, raising costs and probably a negative effect on pricing of contracts for end-users.

It means EU and UK firms would not be able to trade derivatives that are subject to both EU and UK trading obligations unless they trade on a U.S. swap execution facility, but that may not be practical or even possible for some, said Roger Cogan, ISDAs head of European public policy.

Given the rules on trading venues in the EU and UK are virtually identical, we think equivalence is justified and necessary, Cogan said.

Reporting by Huw Jones; Editing by Carmel Crimmins, Alison Williams and Gareth Jones

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EU derivatives decision leaves London in the lurch - Reuters