EU imposes new regulations on tech companies, including data sharing and interoperability requirements. Uranium prices increase as retail investors show enthusiasm. Europe faces water crisis impacting energy and agriculture industries. Challenges and solutions addressed.
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Quick takeaways
Companies rush to issue debt ahead of interest rate decisions by the European Central Bank and the Federal Reserve.
The European Union targets large tech companies with new regulations requiring data sharing and interoperability.
Uranium prices double, sparking interest among retail investors, but slow market movement and supply shortfalls pose potential risks.
Deep dives
Corporate bond market sees strong activity
$34 billion worth of investment grade debt was issued in the US, making it one of the top 10 strongest days in corporate bond market history. Companies are rushing to issue debt before upcoming interest rate decisions by the European Central Bank and the Federal Reserve.
EU announces new regulations for big tech
The European Union has released a list of digital services that will have to comply with new regulations, including sharing data with rivals and enabling interoperability. The list targets services from six of the world's largest tech companies. The move marks a significant moment in the regulation of the tech industry, as these companies face potential fines of up to 10% of global turnover if found to be non-compliant.
Investors show interest in uranium
Uranium prices have doubled in the last three years, prompting excitement among retail investors. Concerns over energy security, particularly due to geopolitical tensions, have led to increased interest in nuclear power. However, there are potential pitfalls in uranium investment, such as slow movement in the market and supply shortfalls in the coming years that may affect building nuclear power plants.
Water crisis impacts agriculture and energy sectors in Europe
Europe is facing a water crisis, with droughts worsening and lasting longer. Leaky pipes causing a loss of a quarter of water in the EU and limited supply is impacting industries, especially agriculture. As industries strive for sustainability, the demand for water will increase. There are ongoing discussions and legislation to address the issue, but many countries are yet to take significant action.
Next Five podcast focuses on payments in the digital world
The latest episode of the Next Five podcast explores the topic of payments in the digital world. The episode features discussions on biometrics, the increasing use of digital payments by Americans, and the important role of payments in the digital economy. The episode is available on various podcast platforms.
US and European corporate bond markets have started September with a bang, the EU released a list of digital services that will have to comply with the bloc’s new regulations, and the FT’s Alice Hancock explains how Europe’s drought is hitting the agriculture and energy industries.
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.