Industry & Enterprise

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

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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

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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

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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

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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

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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

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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

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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 

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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

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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

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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%

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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’

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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

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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

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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...

The Trump-China Syndrome… and Europe

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US-China relations are deteriorating due to the initiatives of Donald Trump. The American president thinks and reacts as an intelligent businessman, not as a politician. Trump is conscious of the demographics and the reasons behind...

Good Politics, Bad Economics

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Bad economics breeds bad politics. The global financial crisis, and the botched recovery thereafter, put wind in the sails of political extremism. Between 2007 and 2016, support for extremist parties in Europe doubled. France’s National Rally (formerly...

Greece’s creditors nervous as Tsipras appears to walk away from structural reform goals

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After successfully concluding its three-year European Stability Mechanism stability support programme and with its place at the heart of the Eurozone and EU secured - a development that Brussels is publicly hailing as a...

Commission welcomes European Parliament’s vote to strengthen Structural Reform Support Programme

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The European Commission welcomed a recent vote by the European Parliament to increase the budget of the bloc’s Structural Reform Support Programme by €80 million, which will enable the EU to respond to increased...

ERDF invests €74.5m into high-speed broadband access in Brittany

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Located in the northwestern corner of France and best known for its age-old maritime traditions and distinct Celtic traditions, France's region of Brittany received a boost to its telecommunications after the European Regional Development...

With a landmark Caspian agreement in place, key legal issues remain for neighbouring littoral...

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After 26 years of negotiations and countless high-level summits, a Convention on the Caspian Sea was finally signed in the Kazakh city of Aktau on August 12 in a move that was immediately hailed...

EU to invest €320 million into Poland’s road infrastructure

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More than €255 million from the European Regional Development Fund will be invested into the construction of a motorway section between the cities of Nowe Marzy, Świecie and Bydgoszcz, all of which are located...

Trump’s Policies Will Displace the Dollar

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Back in 1965, Valéry Giscard d’Estaing, then France’s Minister of Finance, famously called the benefits that the United States reaped from the dollar’s role as the world’s main reserve currency an “exorbitant privilege.” The...

Brussels decides not to extend trade defence measures on Chinese solar panels

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After having been in place for almost five years, the EU anti-dumping and anti-subsidy measures on solar panels from China will not be extended after the measures expire at 23:59 on September 4. After considering the needs of both...

EU’s Vella pushes for more international oversight of ocean governance

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While attending the 23rd North Atlantic Fisheries Ministers Conference in the Faroe Islands, the European Union's Commissioner for Environment, Maritime Affairs, and Fisheries Karmenu Vella opened the gathering by welcoming progress made under the EU’s agenda on...

Cyprus mulls EU gas export options, may renegotiate Noble deal

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Cyprus is reportedly planning to renegotiate the financial terms of its contract with a Texas-based Noble Energy-led consortium that includes Israel's Delek and Royal Dutch Shell on exploiting the Aphrodite gas field off its...