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European Commission Spokesman's Briefing for 08-07-30

Midday Express: News from the EU Commission Spokesman's Briefings Directory - Previous Article - Next Article

From: EUROPA, the European Commission Server at <http://europa.eu.int>


CONTENTS / CONTENU

  • [01] July 2008: Economic sentiment declines significantly in both the EU and the euro area
  • [02] July 2008: Business Climate Indicator for the euro area declines further in July
  • [03] Official appointment of the EIT Governing Board: the European Institute of Innovation and Technology set for an Autumn launch in Budapest
  • [04] Commission clears acquisition of Lite-On Technology by Wistron
  • [05] Commission clears acquisition of PDT by Ramius and MorganStanley
  • [06] Statement by European Commission President, José Manuel Durão Barroso, on the outcome of the Geneva world trade talks
  • [07] Autre matériel diffusé Midday Express of 2008-07-30 Reference: MEX/08/0730 Date: 30/07/2008 EXME08 / 30.7

    MIDDAY EXPRESS

    News from the Communication Directorate General's midday briefing

    Nouvelles du rendez-vous de midi de la Direction Générale Communicationb

    30/07/08


  • [01] July 2008: Economic sentiment declines significantly in both the EU and the euro area

    In July, the Economic Sentiment Indicator (ESI) declined sharply in both the EU and the euro area. It fell by 5.8 points in the EU and by 5.3 points in the euro area, to 88.7 and 89.5 respectively. In both regions, the ESI recorded its largest month-on-month decline since October 2001 to reach its lowest level since March 2003.

    [02] July 2008: Business Climate Indicator for the euro area declines further in July

    The Business Climate Indicator (BCI) for the euro area continued to decline and now stands below its long-term average. The low level of the indicator suggests that economic activity in industry, which saw a fall in production in May, remains subdued. All the five underlying components of the BCI registered a decrease. Industrial managers' production expectations and their appraisal of total order books deteriorated most, but their assessment of production trend observed in recent months and export order books also declined significantly. Their assessment of stocks of finished products worsened only slightly.

    [03] Official appointment of the EIT Governing Board: the European Institute of Innovation and Technology set for an Autumn launch in Budapest

    The EIT's first Governing Board was officially appointed today following a European Commission Decision. The Board will hold its inaugural meeting in Budapest on 15 September 2008 with a view to establish the basis that will lead to the launch of the first two to three Knowledge and Innovation Communities (KICs) by the end of 2009.

    [04] Commission clears acquisition of Lite-On Technology by Wistron

    The European Commission has granted clearance under the EU Merger Regulation to the acquisition of sole control of Lite-On Technology Corporation by Wistron Corporation. Wistron is active in the development, design and manufacturing of laptops, notebooks and other electronic components for Original Equipment Manufacturers (OEM). Lite-On Technology manufactures LCD / CRT display monitors at OEM level. The operation was examined under the simplified merger review procedure.

    [05] Commission clears acquisition of PDT by Ramius and MorganStanley

    The European Commission has granted clearance under the EU Merger Regulation to the acquisition of joint control of Phoenix Dichtungstechnik GmbH (PDT) of Germany by RCG International Opportunities SARL (Ramius) of Luxembourg and Morgan Stanley & Co. International (Morgan Stanley) of the US. Ramius is an investment company. Morgan Stanley is a global financial services company. PDT produces sealing membranes and profile seals. The operation was examined under the simplified merger review procedure.

    [06] Statement by European Commission President, José Manuel Durão Barroso, on the outcome of the Geneva world trade talks

    The failure to reach an agreement in Geneva is a profound disappointment for the EU, for the Commission, and for me. I want to pay tribute to all those who have worked long and hard for success – on the Commission side, in particular Peter Mandelson and Mariann Fischer Boel. We worked for a fair and balanced deal that would have created a win-win situation for all sides. Such a deal would have given the world economy a much welcome boost. We did absolutely everything we could to reconcile the different views and find compromise. The present failure does not remove the case for progress, most obviously for the benefit of developing countries. I will recommend to the EU Member States to assess this outcome and to prepare for reengagement with our major partners at the appropriate time.

    (for more information: A. Altafaj – Tel. 295 2658 – Fax. 298 4172)

    [07] Autre matériel diffusé

    A disposition au secrétariat de Jonathan Todd (BERL 03/315): Une notification préalable d'opération de concentration : - DUFERCO / MITSUI / NIPPON DENKO / SAJV From EUROPA, the European Commission Server at http://europa.eu.int/

    Midday Express: News from the EU Commission Spokesman's Briefings Directory - Previous Article - Next Article
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