Cable security, energy crisis dominate talks - Dec 3, 2025

As of December 3, today’s news features relevant discussions on subsea cable security and energy policy. During the Space&Underwater conference, Davide Taddei, Submarine Telecom Business Director at Prysmian, said that subsea cable security is considered a key competitive advantage. He explained that clients now look for solutions that keep strategic digital and energy assets secure and efficient, extending well beyond standard cable manufacturing and installation. In broader energy discussions, Europe is paying the price for misguided energy policymaking, the head of the International Energy Agency told Euractiv in an interview in Brussels just hours after the EU finally agreed to ban all imports of Russian gas. From 30 September, Moscow gas flows will be turned off step-wise, ending a six-decade trade relationship that saw the EU slip “into a very bad situation” as Fatih Birol, who heads the Paris-based intergovernmental agency, put it. Turning to market updates, copper prices have seen a steady rise due to supply concerns, with the most-traded copper contracts reaching near-record highs. Market focus is shifting towards the impending decision from the U.S. Federal Reserve regarding interest rates. Meanwhile, the financial landscape in Italy is stirring, with Monte dei Paschi di Siena's board expected to meet regarding a probe into its CEO and major shareholders over allegations related to a Mediobanca acquisition, sparking discussions about market integrity. On the global stage, the tech industry is facing a new challenge with a critical memory chip shortage, impacting both artificial intelligence and consumer electronics sectors. Major tech companies are competing fiercely for limited supplies, resulting in rising prices. Finally, in the ongoing dialogue surrounding Ukraine, Russian and U.S. representatives have yet to find common ground despite recent negotiations. The Kremlin has acknowledged acceptance of some U.S. proposals while maintaining readiness for further discussions.