Industry & Enterprise

Boeing faced with additional profit-over-safety allegations

-
A whistleblower claims that Boeings’ 787 Dreamliner could be left without oxygen if the cabin were to suffer a sudden decompression. Emergency oxygen systems are supposed to keep passengers and crew alive if the cabin...

Eurozone manufacturing shows signs of bounce-back

-
France is leading what appears to be a eurozone bounce-back in manufacturing. The French manufacturing sector expanded in October, according to HIS Markit data released on Wednesday. The Purchasing Managers’ Index (PMI) rose to 50.7...

EU says Russian gas transit talks through Ukraine hit skids

-
The European Union, Russia and Ukraine concluded on 28 October the fourth round of trilateral talks at political level on the long-term transit of Russian gas via Ukraine to Europe as of next year...

PSA-FIAT merger raises concerns about UK divestment

-
Every merger is underpinned by a promise for cost-cutting, which comes against political resistance. In the case of the Fiat Chrysler merger with PSA, the emerging conglomerate will have French, Italian, and Chinese industrial...

UK launches “Get Ready for Brexit” campaign

-
The British government has launched a public information campaign called "get ready for Brexit" on Sunday. The £100 million campaign was launched on the website  gov.uk/brexit. The website begins with a survey, leading to recommended actions...

Online selling VAT fraud could see a Brexit headache for UK’s HMRC

-
Officials are preparing for an uptick in VAT compliance problems as the UK leaves the European Union. Online platforms like Amazon Marketplace and eBay are already under pressure to make sellers pay their share...

Germany is the top beer producer; Dutch are number 1 in terms of exports

-
According to data by Eurostat to coincide with international beer day, Germany is the biggest producer of the much-loved beverage, with production hitting 8.3 billion litres in 2018, figures that represent 21% of the...

Europe needs sustainable urban development and Copenhagen is paving the way

-
The world is urbanising and fast. More than 55% of the global population live in towns and cities, according to the United Nations. With another 2.5 billion people likely to move to urban areas...

What Putin’s new citizenship initiative would mean for Ukraine

-
Since the recent presidential elections ended in a landslide victory for Volodymyr Zelensky some signs of a possible political and economic revival have been noticed in Ukraine. The very electoral victory of the Zelensky...

Chinese companies seek compensation for Boeing 737 Max

-
China's three biggest airlines are demanding compensation from Boeing over its grounded 737 Max fleet. Air China, China Southern, and China Eastern seek compensation for losses incurred after the grounding of their 737 Max jet...

Slovakia faces major structural challenge as car manufacturing shifts grear

-
Slovakia is the world’s biggest per capita car producer, a fact that has been both a blessing and a curse for the small East European country, the latter of which has become more acute...

EU’s controversial overhaul of online copyright laws receive final MEPs approval in Strasbourg 

-
The European Parliament has given its final approval to the bloc's Copyright Directive after years of debating and intense lobbying from both sides of creators and the tech giants. The controversial legislative package, which was...

Boeing faces major crisis as companies begin cancelling 737 Max orders

-
Indonesia's national flag carrier Garuda is the first to cancel a $4.9 billion order for 50 Boeing 737 MAX jets after two deadly crashes in less than six months raised concerns about the plane's...

Back in fashion, Portuguese textiles rise from crisis

-
PORTO, Portugal – Portugal’s textile industry is closely monitoring the developments in the future of the European Union, including Brexit, as its heavily relying on the European market, Paulo Vaz, Director General of ATP,...

Second Boeing 737 Max 8 accident raises safety concerns

-
Several airlines have grounded their Boeing 737 Max 8 jets following the crash of an Ethiopian Airlines flight on 10 March that killed all 157 people onboard. The plane was bound for Nairobi, Kenya, but...

Commission accepts deal on improving SME’s access to capital markets

-
As part of Capital Markets Union, the European Commission accepted an agreement reached by the European Parliament and the bloc's 28 members on helping Small and Medium-Sized Enterprises (SMEs) with gaining further access to capital...

Toyota and BMW issue warnings about hard Brexit

-
The chairman of Toyota’s European operations, Didier Leroy, has warned of the potentially serious threat that a no-deal Brexit could have on the company's plants in the UK as the lack of a legal...

Copyright reform backed by EU governments

-
The EU's 28 members have backed the bloc's copyright rules that would force Google and Facebook to compensate publishers, while copyrighted content will now have to be filleted by YouTube or Instagram. A majority of...

EU countries and MEPs finalise draft rules on copyright law 

-
The European Union has finally reached an agreement on how to rewrite its two-decade-old copyright laws after intense two-year negotiations. Aiming to ensure a level playing field between its creatives and tech giants, European Parliament...

France and Germany launch next generation jet-fighter programme

-
France and Germany announced a €65 million contract to design a next-generation combat jet system over the next two years. The joint partnership was announced in July 2017 by President Emmanuel Macron and Chancellor Angela Merkel and will be followed...

The future of Georgia’s energy policy

-
In 2014, Georgia signed an Association Agreement with the EU to implement the bloc’s policies for sustainable energy development. By signing the Agreement and joining the Energy Community, Georgia took on the obligation to...

Eurozone’s economic growth slows by 0.2%

-
The Eurozone economy is estimated to have expanded by a minimal 0.2% over the last quarter of 2018, according to preliminary estimates by the European Union's statistics agency, Eurostat. The stats for the Eurozone showed the weakest performance...

EU Court of Auditors says Juncker Plan may have been overstated

-
A new report by the European Court of Auditors claims that the amount of investment mobilised by the Juncker Plan may have been overestimated. The report, acknowledging the overall effectiveness of the investment financing tool...

Overestimating the EU economy

-
The European Commission, the International Monetary Fund, and the OECD predict that, on average, the European Union’s economy will grow by 1.9% next year, a rate that is broadly consistent with the average of...

EU approves state aid for microelectronics project

-
The European Commission announced on December 18 that it had approved a €1.75 billion plan first tabled by France, Germany, Italy, and the UK to contribute to the financing of a joint research and innovation project...

Brussels to extend access to Swiss stock exchanges until mid-2019

-
The European Commission has confirmed the effective extension of access to Swiss stock exchanges until June 2019, which effectively puts an end to a threat by the EU executive to cut Switzerland off from having...

Tech companies warn of turbulence ahead as EU-US work on trade deal

-
The internet as we know it may still end. That is the stark warning delivered by a consortium of major technology companies - Facebook, Google, Amazon, and others - to the US Trade Representative...

Germany secures strategic access to Bolivian lithium production

-
German manufacturing company ACI Systems has signed a deal to partners with Bolivia's state-owned YLB mining company for the exploitation of lithium, according to a statement posted on ACI's official website. The deal is a gamechanger...

EU ministers drop Commission’s Dieselgate summit after tepid response

-
Only two ministers for car industry affairs in Europe reacted positively to the European Commission’s invitations to attend a “Diesel Summit”, according to information made available, which confirmed that only representatives from Luxembourg and Romania had...

Uniting Africa for power

-
African countries are increasingly coming together. A landmark free-trade agreement was concluded earlier this year. East Africa has made great progress on the free movement of people. And a commitment to a single market...

EU Commission satisfied with Poland’s reversal on controversial supreme court dismissals

-
Nearly a year after a major rift opened between the right-wing Polish government and the European Commission over Poland's decision to forcibly retire supreme court judges, a move that caused outrage in Brussels as the EU...

Japan’s pharma giant Takeda gets conditional EU approval for Shire takeover

-
Japan's Takeda Pharmaceutical Co. has been given the green light by the European Commission to continue with the takeover of the UK's biopharmaceutical company Shire Plc, after agreeing to sell an inflammatory bowel disease treatment that...

From economic crisis to World War III

-
The next economic crisis is closer than you think. But what you should really worry about is what comes after: in the current social, political, and technological landscape, a prolonged economic crisis, combined with...

We need to talk about oil & gas

-
Recently, the chief executive officer of oil-and-gas giant BP, Bob Dudley, stated that “the oil prices in the world are too high and it’s unhealthy for the world.” Speaking at a conference in the...

EFSI funded projects on display in Brussels: ‘Europe works’

-
On the European Fund for Strategic Investment (EFSI), the projects already funded and the post-2020 future of the so-called Juncker fund, the Vice-president of the European Commission for Investment and Jobs, Jyrki Katainen, set the...

EU and Bill Gates launch clean energy fund to tackle climate change

-
The European Commission and Breakthrough Energy, led by Bill Gates, launched on October 17 a new investment fund – Breakthrough Energy Europe – to help innovative European companies develop and bring radically new clean...

EU members still losing almost €150 billion in VAT revenues according to new figures

-
A new study published by the European Commission has found that EU countries lost almost €150 billion in Value-Added Tax (VAT) revenues in 2016 despite the Member States having carried out significant work to improve VAT...