European Court of Justice confirms Ireland provided ‘unlawful aid’ via tax deal and overturns a lower court decision
European Commission will announce formal investigation into €2.2bn e& bid for telecoms assets
There is no effective means of constraining destructive subsidies
The EU foreign subsidies regulation is looking to score some notable hits
Investigation uses new powers to protect European companies from state-backed foreign rivals
A subsidiary of CRRC is accused of undercutting its European rivals for an electric train contract in Bulgaria
Cash is first use of rule for strategic projects that allows governments to match subsidy offers from outside bloc
ECJ says legal assessment relied upon to seek €250mn in back taxes from US tech group was incorrect
Alexander De Croo says EU should deepen single market as subsidy race favours countries with ‘deepest pockets’
Also in this newsletter: Ireland ups the pressure on Israel
Brussels handed lifeline by opinion that previous ruling quashing its order for funds ‘should be set aside’
Also in this newsletter: Why South Korea questioned the EU’s stance on state aid
European Commission has approved more than €733bn in business subsidies since March last year
Chief executive Thomas Caulfield warns that funds from Berlin will distort competition
Sweden backs continued state aid for fossil fuels as part of planned reform of bloc’s electricity market
Also in this newsletter: why Ukraine is still waiting for F-16 fighter jets
Government support for ‘flagship project’ unlocks big investment by Swedish start-up
Court judgment is major setback for regulators in Brussels
VW’s choice of battery factory in North America highlights risks of losing talent and technology across Atlantic
Brussels will allow members to ‘match’ multi-billion dollar incentives to move across Atlantic
EU plans to relax curbs on tax credits in response to ‘toxic’ US subsidies
Covid recovery funds could also be redirected under proposed loosening of state-aid rules, according to draft plan
Also in today’s newsletter: Paschal Donohoe has become the wrong kind of poster boy
France calls for ‘Made in Europe’ strategy in response to America’s Inflation Reduction Act
Stricken gas importer will have to sell off its most modern power plant
