The free flow of capital within the EU is one of the single market's four fundamental freedoms. However, despite the removal of legal barriers to capital flow, significant technical barriers persist and the EU's capital markets remain fragmented. Defragmentation of the capital markets – also referred to as capital markets union (CMU) or savings and investment union – is essential for the conduct of EU monetary policy, a level playing field among EU companies, and optimal allocation of capital within the EU. The coexistence of diverging rules across Member States creates opacity and uncertainty, deterring EU cross-border investors. This variation is due, among other factors, to differences in interpretation of EU law, inconsistency of decisions, and varying resources employed for supervision. The resulting variation in the application and enforcement of EU laws by the respective Member States' supervisory authorities is considered a major obstacle to completion of CMU. Harmonisation of supervision is one of the objectives of the European Securities and Markets Authority (ESMA). For the EU institutions, the establishment of an EU-level supervisory authority would be yet more efficient. Some suggest that, as with the single supervision mechanism for EU banking – whereby only 'significant banks' are subject to the EU banking supervisor – the powers of an EU single supervisory authority for capital markets could be limited to prominent players such as securities markets and asset managers. ESMA could fulfil this single supervisory function, subject to changes to its mission and governance. In its previous term, the European Parliament supported the shift of supervisory powers to ESMA. In a March 2024 statement, the Council invited the European Commission to examine the targeted strengthening of EU supervisory authorities' role and governance in order to enhance convergence. Source : © European Union, 2024 - EP

In her political guidelines presented on 18 July 2024, European Commission President-elect Ursula von der Leyen identified defence as a priority and a key sector in completing the single market. An important part of that effort will be building a 'European Defence Union'. To frame the new approach and to identify defence investment needs, von der Leyen committed that the new Commission would present a white paper on the future of European defence within the first 100 days of taking office. Subsequently, the Commissioners designated to take on the High Representative/Vice President portfolio (Kaja Kallas, Estonia) and the portfolio for Defence and Space (Andrius Kubilius, Lithuania) have been tasked with producing the paper. The white paper is expected to predominantly address defence sector capability issues, industrial competitiveness and investment needs. It should also frame the overall approach to EU defence integration, with the aim of strengthening the EU's ability to respond to threats, particularly in the context of Russia's continuing aggression in Ukraine, combined with evolving geopolitical challenges to the south and increased military capabilities of other global actors. Among other things, the white paper should outline the path towards key initiatives such as a European air shield to bolster air defence across the continent and expanded cyber-defence capabilities; closer EU-NATO cooperation; more efficient EU Member State defence spending; the reduction of external dependencies in defence procurement; and increased intra-EU collaboration in industrial, innovation, procurement and production issues. Experts widely agree that a key challenge to address is how to increase financing for the defence industry with, inter alia, the provision of incentives for investors and the creation of economies of scale; a clear assessment of the EU's defence needs; and coordination among the many EU defence initiatives proposed in recent years. The European Parliament first called for an EU white paper on security and defence as early as 2016. Source : © European Union, 2024 - EP

The climate activist is supporting protesters calling for a re-run of the election Read Full Article at RT.com

New technology could help deal with labor shortages by enhancing productivity, Maksim Oreshkin has said Read Full Article at RT.com

A deadly embarrassing glitch has reemerged on iPhone, judging from complaints online. 'I have a fairly new iPhone and this is happening,' one Apple fan said recently

If Trump narrowly misses out, will there be violent uprisings like the storming of the Capitol on January 6 , 2021? If Harris is pipped at the post, could she resort to legal nitpicking and drag the process out?

Stuart Hogg repeatedly abused the mother of his four children, shouting and swearing at Gillian Hogg as well as tracking her movements and bombarding her with texts.

Kemi Badenoch has given Mel Stride the key Treasury brief and signalled a stunning comeback for Priti Patel - who will be covering foreign affairs.

Graham King, 57, whose firm Clearsprings made nearly £120million in profit last year by housing refugees for the Home Office, wooed Lolita Lace, 39, with horse riding trips.

[Independent (Kampala)] Kampala -- Uganda is calling on international mining giants to invest in the country's rich deposits of critical minerals to drive its clean energy ambitions and economic growth.

[Radio Dalsan] Mogadishu -- The Federal Government of Somalia has dispatched four planes of humanitarian aid to Baidoa, the capital of the Southwest State, in response to escalating concerns over a severe drought expected to hit the region.

[allAfrica] Cape Town -- Severe Weather Warnings The South African Weather Service has issued multiple warnings due to a cut-off low weather system. Expect scattered thunderstorms and rain across various regions, including the southern Cape and KwaZulu-Natal. Significant snowfall is also anticipated in high-lying areas, with warnings of potential flooding and traffic disruptions in the Eastern Cape. Fitch Ratings Outlook Fitch Ratings has indicated a potential upgrade for South Africa's credit outlook if the government

The attacked marked the latest instance of Trump using or welcoming crude or sexist language and references to describe his opponents.

[New Times] Renowned Catholic choir Christus Regnat on Sunday, November 3, held its second edition of «I Bweranganzo» concert, drawing hundreds of worshipers who gathered not only to enjoy uplifting soul music but to also support their worthy cause.

[The Conversation Africa] Contemporary economic challenges in Africa appear to be shifting the continent into a new era of development. From COVID-19 to war-induced inflation, many countries in Africa are facing significant economic challenges. The crises of recent years come on top of longer-term increases in debt, especially after the 2014 commodity price shock.

[New Times] The Rwanda Environment Management Authority (REMA) has announced the establishment of a new compostable plastic packaging factory as part of the country's ongoing commitment to eliminate non-biodegradable plastics.

Kemi Badenoch has given Mel Stride the key Treasury brief and signalled a stunning comeback for Priti Patel - who will be covering foreign affairs.

Graham King, 57, whose firm Clearsprings made nearly £120million in profit last year by housing refugees for the Home Office, wooed Lolita Lace, 39, with horse riding trips.

Tulisa enjoyed a pampering session on Monday as she headed to the nail salon ahead of her upcoming appearance on I'm A Celebrity later this month. 

A church hall in a quiet town. A man makes tea... there's an air of anticipation, then a 30-something secretary rings a bell and says: 'My name's Sally. And I'm a recovering alcoholic.'

The Mail on Sunday reported a new 'audit' of baby deaths at the hospital Lucy Letby worked at suggested many of the most rapid deteriorations in young patients occurred when she wasn't on duty.

The defense ministry has showcased the deployment of mines at the Russian-Ukrainian border Read Full Article at RT.com

Evgeny Pervyshov, a veteran of the Ukraine conflict, has become the acting governor of Russia’s Tambov Region Read Full Article at RT.com

SINGAPORE — A number of accidents involving elderly drivers in recent months have sparked debate over whether seniors should continue to take the wheel. In September, at least two elderly drivers were involved in police investigations following separate accidents. One of them, aged 77, was arrested over an accident in Toa Payoh that led to the death of an 83-year-old cyclist. In another case, a 70-year-old driver's car collided with the rear of a double-decker bus at a Hillview bus stop. Such accidents often draw hundreds of comments on social media, with netizens sparring over the merit of having a driving cut-off age. In Singapore, the statutory age limit for taxi, private-hire car and heavy vehicle drivers is 75, but there is no restriction for those who do not drive for a living. Motorists aged 65 and above, however, must be certified fit to drive by a Singapore-registered doctor once every three years in order to renew their licences.

Get the latest news from the 2024 campaign trail in the contest between Vice President Kamala Harris and former president Donald Trump.

The Government announced that university tuition fees will rise to more than £9,500, in what it said would help universities facing 'severe financial challenges'.

In a landmark decision, the Supreme Court ruled that states cannot seize private property for redistribution, overturning a previous socialist-leaning judgment. The 7:2 ruling clarified that while states can acquire private land in specific situations, Article 39(b) of the Constitution doesn't grant them sweeping powers to nationalize resources for the 'common good.

The Supreme Court overturned a high court ruling, upholding the Uttar Pradesh Madrassa Education Act. The court affirmed the state's right to regulate educational standards in madrassas without infringing on minority rights. However, certificates beyond Class XII issued by madrassas won't be recognized by the UP Madrassa Board.

As things heats up ahead of the UTM party’s convention, questions are swirling around the conduct of two high-profile party members: Mathews Mtumbuka and Dalitso Kabambe. Both seasoned, well-respected, learned individuals with perfect academic and professional credentials, Mtumbuka and Kabambe have notably lent their support and submitted to the convention preparations, despite mounting revelations that […] The post Why are Mtumbuka and Kabambe submitting to convention preparations that violate UTM’s Constitution? appeared first on Malawi Nyasa Times - News from Malawi about Malawi.

The Commission of Inquiry into the June 10, 2024, military plane crash that claimed the life of Vice-President Saulos Chilima and eight others has officially begun its work, despite growing criticism and controversy surrounding its process. Led by Judge Jabbar Alide, the 19-member commission arrived in Mzuzu on Sunday, November 3, 2024, and started field […] The post Amid criticism and controversy, Commission begins work on Chilima plane crash inquiry appeared first on Malawi Nyasa Times - News from Malawi about Malawi.

The long-awaited Kamuzu International Airport (KIA) city project is still on track, with airport managers confident that the mega-development will soon break ground, several years after initial plans were announced. The ambitious project, which will transform the area around KIA into a bustling urban center, is expected to include a shopping mall, a hospital, a […] The post KIA City Project Remains on Track, Plans for Mega Development Progressing Slowly appeared first on Malawi Nyasa Times - News from Malawi about Malawi.