The German car industry association VDA and senior government ministers criticised the EU’s preliminary tariffs on China-made electric cars announced today (12 June), which will also hit European companies producing in China, such as BMW and Dacia.
The EU will put additional tariffs on electric cars produced in China, the European Commission announced on Wednesday (12 June), as preliminary result of a anti-subsidy investigation showed prices being distorted by Chinese state support.
A Ukrainian delegation aimed to convince hesitant businesses on Tuesday (11 June) that the war-torn country is safe for investments despite Russia’s ongoing war, as the EU is hoping to boost its efforts with new business guarantees.
With the EU expected to announce preliminary tariffs on Chinese electric vehicles on Wednesday (12 June), most European industry representatives look forward to the move, except the car industry itself.
Scalability for Europe’s innovators requires private capital - climate change and digitalisation demand that capital quickly. Europe needs more and better investment in key sectors to drive Europe’s place in the world, says Invest Europe.
“To be honest, I don’t expect anything else than the nomination of Ursula von der Leyen,” European Budget Commissioner Johannes Hahn said on Tuesday (11 June), adding that he was he was “very optimistic” that the European Parliament will confirm her appointment in July.
Business groups on Monday (10 June) have shown relief over the EU the continuous majority for centrist, pro-EU parties in the European Elections, calling on lawmakers to reach an agreement quickly.
Before talking about new sources of income for the EU budget – known as ‘own resources’ – the EU should assess the efficiency of its current spending, Fabrizia Lapecorella, the deputy secretary-general of the Organisation for Economic Cooperation and Development, said this week.
The ECB made its first interest rate cut since 2019 Thursday, reducing borrowing costs from record highs, but gave few clues about its next move while warning of continuing inflation pressures.
Pro-EU parties are ceding political space to far-right Eurosceptic groups in their European election campaigns by failing emphasise the EU's positive impact on ordinary citizens, experts say.
Germany's exit from the EU, labeled as "Dexit", would cost the country's economy €200 billion a year, business lobby INSM warned, as Germany's far-right AfD party, currently second in the polls ahead of this weekend's EU elections, maintains a strong anti-EU rhetoric.
Eurozone finance ministers gave their political backing on Wednesday (5 May) to a G7 plan to provide loans to Ukraine by using windfall profits generated from Russian assets, which they are ready to discuss after a G7 leaders' summit later in June.
Leading French and Italian business organisations urged the next European Parliament to boost the bloc’s faltering competitiveness on Tuesday (4 June) by cutting regulations and ramping up investments in green and digital technologies and defence.
New EU priorities, such as defence, should not come at the cost of helping poorer EU regions, European Commissioner for Cohesion Elisa Ferreira told Euractiv on Monday (3 June) in Berlin.
While the imposition of new tariffs on Chinese electric vehicles proves controversial within the EU due to the fear of Chinese retaliation, the option of negotiations has been met with increasing attention.
A draft Italian government's decision to use resources received under the EU Recovery and Resilience Facility (RRF) to cut public spending risks setting a dangerous precedent for future joint EU public funding policies, an Italian MEP from the Greens and the Left (AVS) group told Euractiv.
Standard & Poor's cut its rating on France's sovereign debt on Friday (31 May), delivering a painful rebuke of the government's handling of the strained budget days before an EU parliamentary election.
For many who have been waiting impatiently for the one key European Central Bank announcement after a protracted period of high interest rates, fresh EU data released on Friday (31 May) may have just killed the mood.
EU leaders reaffirmed their support for free trade on Thursday (30 May) despite the US's top trade official's recent explicit denial that Washington would continue to support barrier-free commerce.
While EU policymakers hope to mobilise more private capital for investments through the Capital Markets Union (CMU), high capital requirements prevent insurance companies from “playing a bigger role”, industry association Insurance Europe said.
Amid growing calls for economic sanctions against Israel in view of the worsening humanitarian toll of its military operations in Gaza, EU trade ministers briefly discussed the issue on Thursday (30 May) but remained far from deciding on actual steps.
Associations of European startups called for more integration of the EU's single market to better support innovators in a political declaration.
Europe must create high-road debate around competitiveness and improve workers’ conditions rather than just discussing cutting costs, says Judith Kirton-Darling, General Secretary at trade union IndustriAll Europe.
Accidents in Europe’s leather sector have decreased in recent years, while new methodologies to assess its lifecycle carbon footprint is helping the industry in its green transition.
