European Commission maps out โpower grabโ over โฌ1.2 trillion money pot
The Commission floated merging 530 programs into one national cash pot.
investments
Italyโs largest lobby group to push for EU policy U-turn on CO2 emission trading system
Experts warn that recent and hefty investments risk becoming almost worthless because stringent ETS rules will swallow all the profits.
You could kill the EU, says France. No, you could, Germany replies.
Macron and Scholz clash again over how to counter protectionist America and Chinese power.
Grids shaping Europeโs green transition, digital technologies and infrastructure investment [Advocacy Lab Content]
The European Commission proposed an EU Action Plan for Grids in late 2023 to deliver on the European Green Deal. They estimate that around โฌ584 billion will be needed for electricity infrastructure investments between 2020 and 2030.
Letta says his European rail vision hinges on completion of Capital Markets Union
“Without mobilising private investments, it will be impossible to convince all the 27 (EU countries) to put public money in a common box,โ Letta said.
Ukraine’s Zelenskyy ramps up efforts to secure military investments and humanitarian aid
Ukrainian President met with several entities on Wednesday to discuss strengthening Ukraine’s defence, as well as securing aid in preparation for the winter.
We watched Walzโs and Vanceโs previous debates. Expect a slugfest.
A review of the vice presidential contendersโ past debates suggests a fiery clash is likely.
What the new EU leadership means for connectivity
From the Draghi report to Ursula von der Leyenโs new College of Commissioners: the telecom sector is now a key ally in delivering on the promise of more competitiveness.
World leaders tout AMR declaration, while NGOs sigh
SNEAK PEEK โ Leaders have agreed to a political declaration on antimicrobial resistance. NGOs are disappointed, but is it really so bad? โ The World Health Organization has allied with TikTok to curb the spread of health misinformation. โ What will it take to be prepared for the next pandemic? Itโs not looking good, Gastein [โฆ]
Trade policy: 20 people to meet at Tory conference
POLITICO curates a lineup of the top players influencing the Conservativesโ Brexit and trade policies.
Tech policy: 20 people to meet at Tory conference
We break down the 20 figures shaping the Conservativesโ tech policy in opposition.
โAll must be beheadedโ: Revelations of atrocities at French energy giantโs African stronghold
Mozambican soldiers operating out of TotalEnergies’ natural gas plant abducted, raped and killed dozens of civilians.
Romania, other member states, seek greater flexibility in implementing recovery plan
Romania is working with other EU member states, such as France, Spain and Italy, to negotiate more flexible rules for the implementation of the National Recovery and Resilience Plan to ensure the successful absorption of funds and the smooth implementa…
Largest EU telcos shift focus on green transition in renewed call for investments
The EU’s largest telecom operators are taking up sustainability as part of their call for more investments in their industry, according to a policy agenda published by lobby Connect Europe.
Show me the money, Gastein says
SNEAK PEEK โย Gastein day 1 kicks off with a plea to ramp up investment in health โ and ways to do it. โ Can tech help to close the gender health gap? Some think so, but only if its funded and reaches all in need. โ Is COP29 the breakthrough year for health and [โฆ]
Von der Leyenโs first 100 days: What sheโs promised, what it means and what sheโll really deliver
The Commission president is promising to move quickly with far-reaching reforms. How credible is her plan?
Minerals for the Energy Transition: Can We All Work Together?
As the world races toward a future powered by renewable energy, critical minerals have never been so sought-after. These essential components โ cobalt, lithium, rare earth elements โ form the backbone of technologies driving the green revolution. But g…
EU may suspend more funds for Hungary, government makes adjustments [Promoted content]
The disagreement between the Hungarian government and the European Commission
over the law regulating public construction investments persists, risking significant
economic and political consequences for Hungary-EU relations.
Trade policy: 20 people to meet at Labour conference
We break down the 20 figures inside and outside government shaping Labourโs trade policy.
Former Poland PM: โWeโre living under the illusion of environmentalismโ
We arenโt reducing global emissions, just depriving ourselves of jobs, profits, raw material sovereignty and, therefore, security.
European competitiveness in the energy transition: Shellโs views for the next EU cycle [Promoted content]
Bold policies and investments are needed to achieve climate neutrality and boost economic growth. Expanding electrification, creating the business case for pioneering low carbon solutions and energy security need to be at the core of political action, …
We donโt want your EVs, Brazil tells EU as trade talks hit crunch time
Attempt to fend off influx of Chinese electric vehicles puts chances of EU-Mercosur trade accord at the November G20 summit in doubt.
Joe Biden preps to sell the economy โ to boost his legacy and help Harris
Biden is determined to convince a skeptical public that he strengthened the economy.
Europeโs urgent search for finding 5% of GDP for investments
Former European Central Bank (ECB) president Mario Draghi urged member states to boost investments by 5% of their GDP to address Europe’s challenges but to do this, the Union must put aside political battles over public debt and financial market regula…
Chinaโs green โtrojan horsesโ are starting to divide Europe
It hardly goes unnoticed that Chinese companies are stepping up green investments in Europe, write Leon de Graaf, Dominika Floriรกnovรก, Flora Wallace and Giorgia Andriola.
Polandโs Tusk slams Germanyโs border checks as โunacceptableโ
Berlin’s decision is a “de facto suspension of the Schengen Agreement on a large scale,” Polish PM says.
Draghi report splits German government, receives pushback from Netherlands
Mario Draghiโs call for the EU to issue joint debt to finance key investments has deepened the divide in Germanyโs coalition government and received strong criticism from the Netherlands.
Buy your guns, missiles and tanks at home, Draghi tells EU countries
The EU should push countries to buy from the bloc’s military industrial complex, Draghi said in his new report.
European economy reportedly faces ‘existential challenge’
Former European Central Bank head Mario Draghi cited the warning, which stems from a newly-released report, in a speech calling for joint borrowing to finance investments aimed at maintaining the bloc’s competitivity with the United States.
Europeโs Draghi report unleashed: These are the 5 things to watch
A blueprint to make the EU more competitive with the rest of the world is published on Monday. It’s likely to prove controversial.
Harris departs from Biden on capital gains tax boost
The Democratic presidential candidate is proposing a smaller hike in the tax that mostly hits the wealthy than the one pushed by President Joe Biden.
Europe needs concrete action on connectivity policy
Policymakers have already recognized the need for a new digital approach. Done right, it can take us into a more prosperous, fair and flourishing future.
Empowering the EUโs road transport industry
The EUโs road transport sector faces critical challenges. The IRU’s roadmap urges policymakers to enact supportive legislation to ensure the EU’s economic and environmental goals are met.
Trumpโs Orbรกn embrace sparks some US Republicans to sound the alarm
Groups seeking the former presidentโs favor have highlighted pro-Russian Hungarian leaders and talking points.
How Republicans and Democrats paint starkly different pictures of America
This summerโs conventions featured strongly diverging visions of the future โ and the present.
New mandate, new opportunity: A competitiveness strategy for European life sciences
We have an important chance to regain Europeโs edge in one of its most important sectors โ and, in turn, help people live longer and feel better.
UK splashes extra ยฃ10.5m to avert Brexit chaos at ports
The EUโs new border system has raised fears of queues and delays for British travelers to Europe.
Von der Leyenโs second term from hell
Thought the pandemic and Ukraine were tough? The next five years could be worse.
Republican fight over green subsidies heads toward a boiling point
The partyโs leaders may soon have to decide whether to preserve at least parts of the Democratsโ climate law.
Italian government issues ultimatum to car giant over unfulfilled commitments
Italy’s Enterprise and Made in Italy Minister, Adolfo Urso, has threatened to withhold recovery fund money from car giant Stellantis unless it provides answers over delayed projects and investments, as tensions between the company and the ruling govern…
Custody giant State Street expands crypto services in new partnershipย
Reuters was first to report on State Streetโs partnership with Swiss crypto company Taurus to offer new digital asset services, [โฆ]
The post Custody giant State Street expands crypto services in new partnershipย appeared first on Reuters News Agency.
The European Commission hopefuls with one thing on their mind
EU governments are battling for their people to get roles linked to the economy.
Meloniโs head-on collision with Italyโs only carmaker
The prime minister is pressing the heir of the once mighty Fiat to make more cars in Italy.
How Kamala Harrisโ platform could differ from Joe Bidenโs
President Joe Bidenโs decision to abandon his reelection bid andย endorse Vice President Kamala Harrisย means that Harris could soon become the standard-bearer for the Democratic Partyโs biggest priorities โ including abortion rights, climate change and student debt relief. Her track record as a California attorney general, a U.S. senator and Bidenโs No. 2 provides only so [โฆ]
How Kamala Harrisโ platform could differ from Joe Bidenโs
Here are some hints about how Harris’ agenda and Biden’s might compare if she ends up taking the oath in January.
Forget Olympic athletes โ will Parisians ever want to swim in the Seine?
Getting the Seine ready for triathletes was hard. Getting it ready for the public by next year may be impossible.
UK economy grew robustly in Q2 โ but thatโs as good as it gets, for now
GDP per capita is still below its pre-pandemic peak, meaning that the average Briton is still worse off than five years ago.
Trump embraces Musk and his electric vehicles โ but not Bidenโs rules
Trumpโs recent change in tone reflects a softening in rhetoric about EVs on the campaign trail.
Why your coffee got so damn expensive
Blame the underwater drones.
Musk might be the only person Trump listens to on climate
The billionaire Tesla CEO has Trumpโs ear. Hereโs what he might tell the former president about rising temperatures, clean energy and making money.
โAmbitious girlโ: How Kamala Harrisโ niece turned political proximity into a budding business empire
Meena Harris has leveraged her special bond with her aunt to create a sprawling personal brand from scratch.
Lawmaker who called Israel โapartheid stateโ faces tough Tuesday primary
AIPAC has spent $8 million to unseat Rep. Cori Bush, who once called Israel an โapartheid state.โ But thatโs not mentioned in the deluge of advertising.
Why Chinaโs interest in producing cars in Europe underscores need for investment rules
Tariffs on Chinese electric vehicles (EV) will likely boost investments in new European factories, which is good news but could also undermine Europeโs industrial base, to address this challenge the EU needs to strengthen and unify its investment rules…
Trump vs. Bidenโs historic climate agenda
President Joe Biden may no longer be on the 2024 ballot โ but his legacy is. And former President Donald Trump would have multiple tools to thwart his ambitions on energy, infrastructure and climate change.
5 ways Labour says Britain is broken
Labour attack dossier lays out holes in Britain’s finances โ which the Tories dismiss as simply a political excuse to raise taxes.
Italyโs Meloni vows to โrelaunchโ relations with China
Visit demonstrates โthe will to start a new phase,โ says Meloni, after Rome decided to quit Beijingโs Belt and Road initiative.
In Beijing, Meloni vows to โrelaunchโ cooperation
Italian Prime Minister Giorgia Meloni vowed on Sunday (28 July) to “relaunch” cooperation with China, signing a three-year action plan during her first official visit to Beijing since taking office.
Meet Lucie Castets, the French PM-hopeful vowing to be a thorn in Macronโs side
The 37-year-old’s low profile helped make her a consensus pick on the left, but now she needs to take the fight to the French president.
Fincantieri CEO on Trump, defense spending and consolidation
SNEAK PEEK โ Fincantieri boss Pierroberto Folgiero is looking to the Middle East and Southeast Asia for growth, he told Jacopo. โ The U.K.โs new government is under pressure to halt arms sales to Israel. โ F-35s, Eurofighters and GCAP: Morning Defense brings you the latest news on fighter jets. Good morning, and welcome to [โฆ]
Hungary quietly takes โฌ1B loan from Chinese banks
With public debt at a record high, Budapest is increasingly looking to Beijing for cash.
Von der Leyen gives nod to โฌ100 billion โCERN for AIโ proposal
Re-elected European Commission President Ursula von der Leyenโs political guidelines addressed calls for huge artificial intelligence (AI) research investments under the โCERN for AIโ banner, but proponents and critics say the plan is lacking crucial d…
Olaf Scholz to run for German chancellor again in 2025
Weakened leader says he hopes to persuade voters through renewed activity ahead of September 2025 ballot.
Washingtonโs most powerful interests donโt know whether to cheer Harris โ or dread her
Would she bring continuity with Joe Bidenโs policies? A more centrist vibe? A sharper progressive bite? Industries including tech, energy and pharma want to know.
UK launches pensions review in bid to boost investments
The landmark review into the pensions and investment market seeks ways to boost the investment potential of support schemes while equally optimizing savings for pensioners.
Outgoing EU High Representative Josep Borrell visits Latvia
Borrell said Latvia is a frontrunner in its support to Ukraine and an example to others on defence investments.
Scholz and ล efฤoviฤ ink lithium deal with Serbia amid environmental concerns
The agreement would benefit carmakers like Mercedes-Benz and Stellantis, but is deeply unpopular in the country.
Ursula von der Leyen lays out vision for tech-enabled competitiveness
Von der Leyen aims to boost Europe’s competitiveness through tech, implenenting existing regulation while boosting investments.
5 reasons your job as an MEP is less fun than before
Post-Qatargate rule changes and increased scrutiny mean EU lawmakers must reveal more around their work.
EIT Knowledge and Innovation Communities ย โ uncovering the major impacts of a 15-year experiment
The EITโs first three industry-focused networks are now set to โgraduateโ. What have they achieved and are they ready to operate independently?
US invests in energy and transport infrastructure in Central and Eastern Europe
The US International Development Finance Corporation (DFC) announced on Tuesday (16 July) its first investments into Central and Eastern European energy and transport infrastructure, as part of a wider โฌ280 million funding commitment aimed at counterin…
Meloni seeks to bring nuclear power back to Italy
Rome plans to allow investments in small reactors as part of a bid to lower the countryโs carbon emissions
US FTC hits dialysis giants with antitrust probe
The Federal Trade Commission investigation of DaVita and Fresenius Medical Care follows years of consolidation in the dialysis industry.
French central bank chief warns of political uncertainty โshockโ
Franรงois Villeroy de Galhau says investments are drying up amid fears of increased taxes
Nervous world leaders fret over what the Biden chaos means for NATOโs future
Bidenโs solo press conference Thursday will be the most critical set piece of the NATO Summit, both for the president and the alliance.
Orbรกn: From dissident to Putinโs Hungarian boyar
The prime ministerโs self-proclaimed โpeace mission 3.0โ resembles Mussoliniโs generous offers to arbitrate peace negotiations between Hitler โ his partner in the Pact of Steel โ and Britain and France.
French election gridlock means yet more uncertainty for Europe
Emmanuel Macronโs battles at home means he risks losing sway in Brussels.
Democracyโs at risk, itโs time politicians stopped fibbing
Politicians and the truth have always been strained acquaintances, but faced with populist fabulists in our current post-truth era, is deception really the way to go?
Secret meetings, private threats and a massive arms race: How the world is preparing for Trump
In 2016, no one in the world was ready for President Trump. Americaโs NATO allies arenโt making the same mistake this time.
The call for an EU Action Plan for rare diseases
Driving excellence: A new EU Action Plan for rare diseases that drives innovation, creativity and competitiveness can position the EU as a leader on the global stage.
Polandโs Tusk rails at fractured defense planning in jibe at Germanyโs Scholz
Germany is skeptical of common borrowing for defense; Poland wants it.
EU finalizes up to โฌ1B in aid to Egypt as part of migration deal
Brussels has made similar deals with Tunisia, Mauritania and Turkey to curb irregular migration into the EU.
Microsoft and Google AI deals get EU antitrust scrutiny, Vestager says
“We cannot just sit back and see how things pan out,” the competition commissioner said.
Former EU climate official admits โerrorโ in taking gas firm job without permission
Green Deal architect Diederik Samsom says he regrets failing to tell the European Commission he was going to work for Gasunie.
EUโs von der Leyen assesses blocโs defence needs to โฌ500 billion
The EU requires โฌ500 billion in defence investments over the next decade, European Commission President Ursula von der Leyen told EU leaders, as the bloc searches for ways to ramp up funding for its new top priority.
EU Green Deal author gets job for gas network
Diederik Samsom, a former top aide to Frans Timmermans, will join Gasunie supervisory board next month.
EU backs 650-billion-euro plan to help cities reach net zero by 2030
A group of 112 cities aiming to eliminate their net greenhouse gas emissions by 2030 will need a combined 650 billion euros in investments to deliver the pledge, a European Union initiative said on Wednesday (26 June).
Ozempic maker Novo Nordisk invests $4bn to expand US production
Pharma group plans plant in North Carolina to produce diabetes drug and weight-loss product WegovyBusiness live โ latest updatesNovo Nordisk is to invest more than $4bn (ยฃ3.2bn) in US manufacturing as it battles to keep up with booming demand for its o…
EU-regulated โsustainableโ funds invest ยฃ14bn in biggest polluters
Investigation finds funds touting ethical credentials include fast fashion labels and fossil fuel companiesFast fashion labels, fossil fuel companies and SUV-makers are present in EU-regulated โsustainableโ funds that tout their ethical credentials in …
Hungary is flirting with China โ at what cost to the EU?
Budapestโs friendly ties with Beijing run contrary to Brusselsโ de-risking efforts.
Bidenโs biggest fundraisers watch their advantage vanish
Joe Bidenโs allies are bracing after Donald Trump erased the presidentโs financial edge.
Why Washington Is Waiting on โSuper Marioโ
The former Italian prime minister is preparing to issue a sweeping report on economic competitiveness that sets up Europe to take on China โ and America.
Bermuda cracks down on connected-party investments after 777 saga
Watchdog probes conflicts and โundue influenceโ in insurersโ interests in associated assets
EU leaders will back more military aid to protect Ukraineโs power grid, document shows
A draft statement seen by POLITICO reveals EU leaders will call for more air defense shipments as Russia ups its attacks on power stations.
Europeโs at risk of losing the global tech race
As this competition is ultimately a race for progress, wealth and geostrategic influence, its importance for the Continentโs future cannot be overvalued.
USโs Yellen says G7 loan to Ukraine is definitely legal
โThereโs no legal issue here,โ the Treasury secretary said.
Donโt wait until Russiaโs war is over to invest, Ukraineโs leaders tell businessesย
A Ukrainian delegation aimed to convince hesitant businesses on Tuesday (11 June) that the war-torn country is safe for investments despite Russiaโs ongoing war, as the EU is hoping to boost its efforts with new business guarantees.ย
Germany launches 11th-hour bid to avert trade war with China
Germany wants the EU to set tariffs on electric vehicles at a low level to avoid severe retaliation from Beijing.
Von der Leyen pledges โฌ1.4B for investments in Ukraine
Banks will be able to apply for EU budget support when investing in equity funds active in Ukraine, von der Leyen said.
Nigel Farage eyes debanking revenge with plan to hit bank profits
Reform UK thinks they can raise up to ยฃ40 billion to fund tax cuts by treating banks’ QE reserves differently.