Daily Brief - 21 Dec 2023

Warner Bros and Paramount Global disc uss potential mega-merger

Warner Bros. Discovery Inc. and Paramount Global, two of the biggest names in media, are chatting about joining forces. Their meeting is still in the early stages, so nothing's set in stone yet. If they do merge, it would bring together famous studios and TV networks like HBO and CBS. But, there's a chance regulators might not give the thumbs up due to concerns about competition. Both companies are trying to adapt to the new world of streaming, with traditional TV profits dwindling. This big potential move is part of Warner Bros.' ambitious plans, having already made some major mergers in the past.

EU fiscal rules aim at better debt control

EU finance chiefs have finally agreed on new fiscal rules after lengthy talks. These rules aim to better control debt while also allowing more room for defense spending, reflecting current global concerns. There was a bit of a tug-of-war between countries wanting strict debt control and those needing funds for defence and tech. The compromise means EU countries can now have a bigger say in managing their finances but with clearer limits. The new framework is more in tune with the post-pandemic world and will be key in shaping Europe's economic future. It's a big step for the EU, balancing financial stability with the need to invest in important areas.

Norway's Equinor fuels Germany's future with €50 billion deal

Norway's energy giant Equinor has struck a massive €50 billion deal with Germany's state energy group Sefe. This agreement promises to supply Germany with 129 billion cubic meters of gas up to 2039, covering a significant part of its needs. This deal is a big relief for Germany, especially after the energy crunch caused by Russia cutting off supplies last year. It's not just good news for Germany though; it's a positive sign for the whole EU, which is searching for reliable energy sources. The deal also fits into the EU's plan to balance energy needs with a move towards greener, low-emission sources like nuclear energy. In short, this agreement helps keep the lights on in Germany while supporting long-term energy goals.