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Europe faces ‘mortal’ threat, says Emmanuel Macron: French president calls for huge investment push and EU reforms in Sorbonne speech
ft.com/content/01a0657c-ed25-4d7b-add6-568dcc6907f9
Quick Glance: Macron Calls for Stronger European Defense
- Macron urged Europe to adopt a credible defense strategy less dependent on the US.
- He warned that Europe was not adequately prepared to face global threats like Russia's war in Ukraine.
- Emphasizing European sovereignty, Macron called for autonomy in defense and the economy.
- He advocated for a revision of EU trade policy, prioritizing European suppliers for military equipment.
Joseph Deiss: Interview with former Federal Councillor on Europe and Switzerland: He was always a great internationalist. Now former Federal Councillor Joseph ...
nzz.ch/schweiz/interview-joseph-deiss-ld.1825742
Quick Glance: Joseph Deiss: Wanderings in Switzerland and European Politics
- Joseph Deiss shares insights from exploring Switzerland in his new book.
- He emphasizes the practicality and diversity of the Swiss population and the country's efficiency.
- Deiss discusses Switzerland's relationship with the EU, critiques current policies, and advocates for accession.
- He reflects on his time in the Federal Council, the challenges faced, and Switzerland's political landscape.
Enrico Letta: Europe's economy is falling behind, 'we can't wait any longer': In an interview with Le Monde, the former Italian prime minister suggests using ...
lemonde.fr/en/economy/article/2024/04/19/enrico-letta-europe-s-economy-is-falling-behind-we-can-t-wait-any-longer_6668853_19.html
Quick Glance: Europe's Economy Falling Behind: Enrico Letta Urges Action
- Former Italian Prime Minister Enrico Letta suggests using European savings for the green and digital transition, pooling 10% of state aid, and initiating a new recovery plan to help the European economy catch up with the US.
- Letta presented his report on the internal market to the EU-27 in Brussels, highlighting that only a minority of companies and citizens in Europe fully benefit from the internal market, leading to the EU lagging behind the US and China.
- European companies underutilize economies of scale in sectors like energy, telecoms, and financial markets within the internal market. The market fragmentation hinders growth and competitiveness against global counterparts.
- Letta advocates for creating a fifth freedom for research, innovation, and skills within the internal market and updating competition rules in strategic sectors to promote European champions and ensure consumer protection.
Spain sees US-style economic boost from immigrant workers: Achieving her career ambitions in Spain has proved remarkably easy for Sara Hernandez ...
reut.rs/49SFRTA
TikTok responds to EU ultimatum over new rewards-for-views scheme: A European Commission spokesman confirmed on Tuesday that it had received a reply from TikTok ...
nordot.app/1155541948764144102
Quick Glance: San Francisco's Real Estate Market in Turmoil
- The city of San Francisco, once seen as the shining star of the West Coast, is now on the verge of collapse, with seemingly no one raising the alarm.
- In particular, the city's housing market has been severely impacted over the past year, with prices plummeting and homeowners fleeing en masse.
- Jamie Dimon, CEO of JPMorgan Chase, did not hold back in his comparison of San Francisco's issues to those of New York City, stating that the Bay Area is 'in far worse shape.'
- San Francisco is failing in all aspects, leading to a quiet collapse of its housing market, where once luxurious properties are now being offered at significant discounts.
Ireland says UK's Rwanda policy drives migrants over its border: The threat of deportation to Rwanda is causing migrants to head for Ireland instead of staying ...
reuters.com/world/ireland-says-uks-rwanda-policy-drives-migrants-over-its-border-2024-04-26/
Mykola Solskyj: Ukrainian agriculture minister apparently involved in corruption: The EU had made the fight against corruption a condition for Ukraine's ...
spiegel.de/ausland/ukraine-agrarminister-mykola-solskyj-offenbar-in-korruption-verwickelt-a-ff5652a7-969c-4fbb-a92b-5a22cb518853
Germany Supports Swedish Push for EU Ban of Russian LNG: Just days after Swedish calls to sanction imports of Russian liquefied natural gas ...
highnorthnews.com/en/germany-supports-swedish-push-eu-ban-russian-lng
Europe—but Not NATO—Should Send Troops to Ukraine: To Halt Russia’s Advance, Kyiv Needs More Boots on the Ground
foreignaffairs.com/ukraine/europe-not-nato-should-send-troops-ukraine
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Quick Glance: Refugees Flee Violence in Southeastern Myanmar
- Thousands of people from Myanmar’s Kayin (Karen) State have fled to Thailand to escape the fighting between the junta and ethnic Karen troops.
- The Karen National Liberation Army (KNLA) captured the last military outpost in Myawaddy, leading to retreat and reinforcement by junta forces.
- The battles intensified, causing an influx of refugees crossing the Moei River into Thailand, with Thai authorities offering humanitarian aid.
- Thailand is fortifying its border defenses and providing assistance to refugees as the situation remains tense along the border.
EU antitrust regulators warn IAG, Air Europa deal may reduce competition: EU antitrust regulators on Friday warned that British Airways owner IAG's bid to secure ...
reuters.com/markets/deals/eu-antitrust-regulators-warn-iag-air-europa-deal-may-reduce-competition-2024-04-26/
Debate on competitiveness: Europe must dare to be more capitalism: The USA has left the EU behind economically. The Europeans don't want to admit why this is: ...
spiegel.de/wirtschaft/wettbewerbsfaehigkeit-europa-muss-mehr-kapitalismus-wagen-a-2db11cb6-02c2-407b-acbf-37647461f52e
German staffer in EU parliament arrested on China spying charges: Employee of far-right AfD’s lead candidate is latest figure to be accused of passing ...
ft.com/content/aae50967-e728-4c72-ab52-0ed7ef68cd30
50 years of government deficit: France's memorable anniversary: France has not had a balanced budget since 1974. In the meantime, it has accumulated a record ...
nzz.ch/meinung/50-jahre-staatsdefizit-frankreichs-denkwuerdiges-jubilaeum-ld.1825735
EU launches investigation into Chinese medical device market: The European Commission launched a probe into China's public procurement of medical devices on ...
reuters.com/world/europe/eu-opens-investigation-into-chinese-medical-device-market-2024-04-24/
The colonialist overtones of EU’s green trade crusade: Many middle-income countries show reserves of pragmatic tolerance that Europeans do not necessarily ...
ft.com/content/d6766577-7549-4d36-ab3d-c8cc6e09a407
Stability Pact: The EU introduces new debt rules: The EU has strict budget requirements that member states must adhere to. However, many of them are ignoring the ...
nzz.ch/wirtschaft/stabilitaetspakt-die-eu-fuehrt-neue-schuldenregeln-ein-ld.1827553
Russia | Putin Builds More Weapons Than He Needs in Ukraine: Why?: The German Defense Minister sees signs that the Russian economy is producing more weapons than ...
t-online.de/nachrichten/ukraine/id_100393432/russland-putin-baut-mehr-waffen-als-er-in-der-ukraine-braucht-warum-.html
TikTok Risks Fines as EU Issues Ultimatum Over App Launch: The European Union opened a new probe Monday into whether ByteDance Ltd. violated the bloc’s new ...
bloomberg.com/news/articles/2024-04-22/tiktok-risks-fines-as-eu-issues-ultimatum-over-app-launch
Fast-fashion giant Shein is the latest to face EU's strictest digital regulations
qz.com/shein-to-face-stricter-eu-regulations-meta-tik-tok-amaz-1851439129
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EU should revisit bank and insurer capital rules, Macron says: French President Emmanuel Macron called on Thursday for a revision of how Europe applies minimum ...
reuters.com/world/europe/eu-should-revisit-bank-insurer-capital-rules-macron-says-2024-04-25/
Latvia to stop teaching Russian as foreign language in schools: Children in Latvia will no longer learn Russian as a foreign language in schools from 2026 ...
kyivindependent.com/latvia-to-stop-teaching-russian-as-foreign-language-in-schools/
EU debt rules: Failed stability pact: The EU Parliament's approval of the "reform" of the Stability Pact is another low point in the struggle for a financial ...
faz.net/aktuell/wirtschaft/eu-schuldenregeln-gescheiterer-stabilitaetspakt-19673767.html
What are the new post-Brexit border controls starting on April 30?: On April 30, the second phase of Britain's new post-Brexit border controls for food imports ...
reuters.com/world/europe/what-are-new-post-brexit-border-controls-starting-april-30-2024-04-22/
Chinese security equipment company raided in EU over foreign subsidies concerns: A Chinese security equipment company was raided by the European Commission at ...
reuters.com/world/europe/security-equipment-company-raided-eu-over-foreign-subsidies-concerns-2024-04-23/
EU parliament approves new business supply chain audit law: The European Parliament voted on Wednesday for a new law that will require larger companies operating ...
reuters.com/world/europe/eu-parliament-approves-new-business-supply-chain-audit-law-2024-04-24/
Rights concerns, costs undermine Turkey-EU migrant deal, say auditors: Turkey's poor human rights record and economic factors are undermining the effectiveness ...
reuters.com/world/europe/rights-concerns-costs-undermine-turkey-eu-migrant-deal-say-auditors-2024-04-23/
Quick Glance: Rights Concerns, Costs Impact Turkiye-EU Migrant Deal
- Turkiye's poor human rights record and economic factors are undermining the effectiveness of the EU migration deal with Ankara.
- EU auditors raised concerns about NGOs' ability to operate projects due to Turkiye's authoritarian turn and crackdown on dissent.
- The report highlighted challenges in managing EU aid amidst Turkiye's economic downturn and rule of law backsliding by Ankara.
- The European Commission's lack of cost analysis and uncertainty post-aid end call for improvements in impact demonstration, sustainability, and value for money.
Americans 'just work harder' than Europeans, CEO of the world's largest wealth fund says
qz.com/norges-bank-nicolai-tangen-americans-europeans-work-1851434809
Spain Says Germany Can Find a Way to Make Joint EU Borrowing Work: The European Union will be able to find a way to raise more joint debt that is acceptable to ...
bloomberg.com/news/articles/2024-04-19/spain-says-germany-can-find-a-way-to-make-joint-eu-borrowing-work
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Carbon emissions are dropping—fast—in Europe: Thanks to a price mechanism that actually works
economist.com/europe/2024/04/25/carbon-emissions-are-dropping-fast-in-europe
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EU Raids Security Equipment Firm Under Foreign Subsidy Law: European Union watchdogs raided the premises of an unidentified security equipment firm in another ...
bloomberg.com/news/articles/2024-04-23/eu-raids-security-equipment-firm-under-foreign-subsidy-law
EU Parliament backs clampdown on single-use plastic packaging: The European Parliament approved a proposed law on Wednesday that would ban certain single-use ...
reuters.com/business/environment/eu-parliament-backs-clampdown-single-use-plastic-packaging-2024-04-24/
EU law: right to repair for consumers: Broken devices should be repaired instead of being thrown away. This is how the EU wants to protect the climate and ...
faz.net/aktuell/wirtschaft/klima-nachhaltigkeit/eu-gesetz-recht-auf-reparatur-fuer-verbraucher-19673184.html
How a second Trump presidency could tear Europe apart: The former president’s return would cement a shift in the U.S. as a fact that can no longer be ignored.
politico.eu/article/donald-trump-second-term-presidency-united-states-tear-europe-eu-apart/
EU Is Set to Impose Iran Sanctions for Missile Attacks on Israel: European Union foreign and defense ministers are poised to reach a political agreement on ...
bloomberg.com/news/articles/2024-04-22/eu-is-set-to-impose-iran-sanctions-for-missile-attacks-on-israel
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German Opposition to Joint EU Debt Is Political as Well as Legal: German Finance Minister Christian Lindner said he’s opposed to a new round of joint debt ...
bloomberg.com/news/articles/2024-04-20/german-opposition-to-joint-eu-debt-is-political-as-well-as-legal
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Exclusive: Google rival Tuta complains to EU tech regulators about de-ranking: German email service Tuta Mail has complained to European Union tech regulators ...
reuters.com/technology/google-rival-tuta-complains-eu-tech-regulators-about-de-ranking-2024-04-24/
Apple rejects Spotify’s update with pricing information for EU users: The music streaming company said it is not opting into Apple's new DMA changes that ...
techcrunch.com/2024/04/24/spotify-submits-a-new-update-to-apple-with-pricing-information-for-eu-users/
Hungary's Orban tells EU top officials their time is up: The European Union's top officials must be replaced as they do not deserve another chance after the ...
reuters.com/world/europe/get-your-hat-leave-hungarys-orban-tells-eu-top-officials-2024-04-19/
EU Parliament confirms: Unsold fashion may no longer be destroyed: The Ecodesign Regulation has cleared the last major hurdle: In future, it will be illegal to ...
spiegel.de/wirtschaft/eu-unverkaufte-mode-darf-nicht-mehr-vernichtet-werden-a-5c145748-bb74-421e-abcf-578aa24766fa
Ukraine’s Allies Fear the Worst and Hope for a Turning Point: Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of ...
bloomberg.com/news/newsletters/2024-04-19/ukraine-s-allies-fear-the-worst-and-hope-for-a-turning-point
New EU regulation aims to reduce packaging waste in households: Large packages that contain more air than product are to be banned in the EU in future ...
tagesschau.de/ausland/europa/eu-verpackung-muell-100.html
Greek economy surges after decade of pain: A decade ago, Greece was in the throes of a devastating debt crisis marked by years of austerity, hardship and unrest ...
reuters.com/markets/europe/greek-economy-surges-after-decade-pain-2024-04-18/
What to do about the EU’s relative decline: The European Union will be marginalised if it continues to shrink compared to other parts of the world ...
reuters.com/breakingviews/what-do-about-eus-relative-decline-2024-04-22/
Quick Glance: Addressing the EU's Relative Decline
- The EU faces marginalization if it continues to shrink compared to other parts of the world.
- There are two ways to look at the EU's relative decline: living standards and power.
- The EU is dealing with different threats from aggressive Russia, China, and the United States.
- To tackle the challenges, the EU needs to strengthen its single market, invest in key industries, and focus on future technologies.
Fast fashion: why unsold fashion can no longer be destroyed: If no one wants the sweater, it is shredded: That's how it's often gone until now ...
spiegel.de/wirtschaft/soziales/fast-fashion-warum-unverkaufte-mode-nicht-mehr-vernichtet-werden-darf-a-c7387a20-eb71-45ae-8955-2093e16fde9b
The EU migration agreement with Turkey is right despite criticism: The EU Court of Auditors has scrutinized the expenditure of the "Refugee Facility"
nzz.ch/meinung/das-eu-migrationsabkommen-mit-tuerkei-ist-trotz-kritik-richtig-ld.1827751
EU's 2050 net zero goals at risk as EV rollout faces setbacks: The EU needs to rethink its policies to make a 2035 ban on new petrol car sales feasible as ...
reuters.com/business/autos-transportation/eus-2050-net-zero-goals-risk-ev-rollout-faces-setbacks-2024-04-22/
EU imposes sanctions against violent West Bank settlers: The European Union said on Friday it had agreed to impose sanctions against four people and two entities ...
reuters.com/world/middle-east/eu-imposes-sanctions-against-violent-west-bank-settlers-2024-04-19/
Balance for 2023: A year of climate contrasts in Europe: 2023 was a year of extremes: heat, fires, high water levels. Climate change has brought new weather ...
zdf.de/nachrichten/panorama/klima-europa-extrem-2023-copernicus-100.html
From state contracts to a dawn raid: how Europe turned on China’s Nuctech: Security equipment supplier’s machines are widely used at borders around the continent ...
ft.com/content/b72069ec-e748-46f8-a936-de22a7446238
EU Gets Tougher With China After Being Played : Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European ...
bloomberg.com/news/newsletters/2024-04-16/eu-gets-tougher-with-china-after-being-played
Iran-Israel tensions: Can Iran's economy handle a war?: Iran is suffering from inflation, currency depreciation and the impact of international sanctions ...
dw.com/en/iran-israel-tensions-can-irans-economy-handle-a-war/a-68862368
Broadcom's critics reject its cloud licensing changes: Broadcom's critics on Monday rejected the U.S. chipmaker's changes to its cloud licensing practices ...
reuters.com/technology/broadcoms-critics-reject-its-cloud-licensing-changes-2024-04-22/
Mideast Crisis Jumps Up EU Agenda in Bid to Avert Wider War: Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the ...
bloomberg.com/news/newsletters/2024-04-15/mideast-crisis-jumps-up-eu-agenda-in-bid-to-avert-wider-war
Germany’s Lindner Says No Need for Further European Debt: The European Union shouldn’t fund further programs until countries have gotten their finances in order ...
bloomberg.com/news/articles/2024-04-11/germany-s-lindner-says-no-need-for-further-european-debt
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All Powers Great and Small: Why Bigger Isn’t Always Better in Geopolitics: Why bigger isn’t always better in geopolitics.
foreignaffairs.com/reviews/all-powers-great-and-small-states
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IMF urges Italy, France to spend less, Germany to loosen purse strings: Italy and France should cut spending faster than they currently plan to keep debt under ...
reuters.com/world/europe/imf-urges-italy-france-spend-less-germany-loosen-purse-strings-2024-04-19/
EU leaders under pressure to bolster Ukraine’s struggling air defences: The EU’s 27 leaders face mounting pressure to step up efforts to protect Ukraine’s skies ...
euronews.com/my-europe/2024/04/17/eu-leaders-under-pressure-to-bolster-ukraines-struggling-air-defences
Bremen Institute: Shipping traffic is likely to miss the climate target: According to EU guidelines, shipping should become climate neutral by 2050 ...
tagesschau.de/wirtschaft/weltwirtschaft/schiffsverkehr-klima-nachhaltigkeit-co2-emissionen-lng-e-fuels-100.html
Turkey: new foreign policy is an opportunity for the EU and the West: After years of a rather confrontational foreign policy, Erdogan is once again focusing on ...
nzz.ch/pro-global/das-tauwetter-in-der-tuerkischen-aussenpolitik-ist-eine-chance-europa-sollte-sie-nutzen-ld.1826664
Quick Glance: Turkey: New Foreign Policy as Opportunity for EU and West
- Erdogan shifts towards a more conciliatory foreign policy and re-engages with the West. Europe should support this reorientation as Turkey remains a key player in the region.
- Turkey recently ratified Sweden's NATO membership and was rewarded with the promise of new fighter jets from the US Congress.
- Turkey aims for relaxation in relations with Greece and in the conflict between Azerbaijan and Armenia. However, the reliability of this new harmony remains uncertain.
- Turkey relies heavily on the EU economically and seeks a new customs agreement. Its flexible approach in foreign policy is evident, especially in the Middle East and North Africa.
Europe trails China and US after ‘monumental’ energy mistakes, IEA chief says: Intervention comes as EU leaders prepare to debate bloc’s economic competitiveness
ft.com/content/5009e314-fc27-4d7f-8e42-9dbede842991
EU summit decides on new Iran sanctions: The EU state and government leaders have decided to expand sanctions against Iran. They also promised Ukraine further ...
tagesschau.de/ausland/europa/eu-gipfel-nahost-ukraine-100.html
EU expected to sue Germany over gas tariff, sources say: The European Commission is expected to sue Germany for charging its neighbours an extra fee for buying ...
reuters.com/business/energy/eu-expected-sue-germany-over-gas-tariff-sources-say-2024-04-17/
Carbon price fall deprives Europe's green funds of billions: A drop in the European Union's carbon price this year could mean that a fund intended to be among ...
reuters.com/business/energy/carbon-price-fall-deprives-europes-green-funds-billions-2024-04-18/
New study: Because of Brexit - Medicines are becoming increasingly scarce in the UK
spiegel.de/wirtschaft/soziales/grossbritannien-wegen-brexit-arzneimittel-werden-immer-knapper-a-78fe1d14-b7f4-4456-8449-a0c56dfae4c3
Five Things You Need to Know to Start Your Day: Asia: Good morning. Tensions simmer in the Middle East. US stocks fall below key threshold ...
bloomberg.com/news/newsletters/2024-04-15/five-things-you-need-to-know-to-start-your-day-asia
EU ship destroys Houthi rebel drone in Red Sea fired from Yemen: The unmanned aerial device was intercepted by an EU mission ship protecting merchant shipping in ...
euronews.com/2024/04/25/eu-ship-destroys-houthi-rebel-drone-in-red-sea-fired-from-yemen
Apple's offer to open up tap-and-go tech to be approved by EU next month, sources say
reut.rs/3UqEyXe
Meta should give users free option without targeted ads, EU privacy watchdog says
reuters.com/technology/meta-should-give-users-free-option-without-targeted-ads-eu-privacy-watchdog-says-2024-04-17/
Borrell: EU must change defence paradigm and start defending itself: Josep Borrell, the European Unions High Representative for Foreign Affairs and Security ...
pravda.com.ua/eng/news/2024/04/15/7451308/
Exclusive: Poland focusing on EU recovery grants, law change to ramp up investments
reuters.com/world/europe/poland-focusing-eu-recovery-grants-law-change-ramp-up-investments-2024-04-15/
Quick Glance: Poland's Strategy for EU Recovery Grants and Law Change to Boost Investments
- With a little over two years left to spend European Union recovery money, Poland is firmly focusing on maximizing the smaller grants portion of the program, while viewing cheap loans as a secondary component.
- Poland is expected to receive 6 billion euros from recovery funds on Monday, and Prime Minister Donald Tusk's government is revising the national reconstruction plan to list projects and reforms aimed for approval by Brussels this month.
- To expedite investments, the Polish government is also working on amending existing laws to avoid converting all incoming euro-denominated funds into Polish zlotys, with a decision expected either this month or next.
- However, some economists caution that investor optimism regarding the inflow of funds may be excessive, especially with the upcoming Polish presidential elections next year potentially impacting the implementation of necessary reforms to ensure the continuous flow of funds.
Europe still fails to make enough of its size — here’s how to fix that: EU leaders must match the boldness of Thatcher and Delors
ft.com/content/f6200dc5-e42b-4356-9951-70ca3a94cd0a
Basel Chair urges banks to fully implement capital rules as soon as possible: Basel Committee Chair Pablo Hernandez De Cos on Thursday urged banks to fully ...
reuters.com/business/finance/basel-chair-urges-banks-fully-implement-capital-rules-soon-possible-2024-04-18/
EU Report Calls for Telecom Consolidation, Strong Energy Market: The European Union should consider consolidation for telecom operators as a way to improve the ...
bloomberg.com/news/articles/2024-04-16/eu-report-calls-for-telecom-consolidation-strong-energy-market
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Subsidy race with US and China would harm Europe’s ailing economy, IMF warns: Fund urges EU to avoid ‘protectionist’ policies and focus on cutting internal trade ...
ft.com/content/0ee289a9-8414-40bb-ac3b-ab6f04bd1f4f
‘Confined to this little island’: Britons criticise rejection of EU youth mobility deal
theguardian.com/politics/2024/apr/25/britons-hit-out-rejection-eu-youth-mobility-offer
Hungary's government to consider fuel price intervention on Wednesday: Hungary's government is not ruling out intervening in fuel prices and will discuss the ...
reuters.com/world/europe/hungarys-government-consider-fuel-price-intervention-wednesday-2024-04-19/
German inflation eases to lowest in almost three years: German inflation eased in March, helped by a drop in energy and food prices, final data from the federal ...
reuters.com/markets/europe/german-inflation-eases-lowest-almost-three-years-2024-04-12/
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