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IMF Predicts Half of the EU and One-Third of the World Face Recession in 2023
January 04, 2023
IMF Managing Director Kristalina Georgieva has predicted that 2023 will be a challenging year, bringing a third of the world into recession, including half of the European Union, largely due to the EU’s desire for independence from Russian gas and the cost of the war in Ukraine.
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Zelenskiy Discusses Ukraine’s Rebuilding with BlackRock’s Larry Fink
December 28, 2022
Ukrainian President Volodymyr Zelenskiy announced that in preparation for the WEF in Davos he has discussed postwar rebuilding of Ukraine with BlackRock Inc. CEO Larry Fink.
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EU to Launch Competition to China’s Belt and Road Initiative
December 21, 2022
In an effort to give Europe and higher place within the international market, the EU is launching the Global Gateway initiative which aims to be competition to China’s Belt and Road initiative.
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Twitter Owner Elon Musk Invited to Testify in EU Parliament
December 20, 2022
European Parliament President Roberta Metsola has sent a letter to social media giant Twitter’s owner Elon Musk inviting him to testify in the European Parliament with the goal of a « frank exchange in public » with lawmakers.
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The EU Commits €380 Million to Climate Projects
December 07, 2022
The European Commission has increased its climate investment by 27% by approving more than €380 million in funding for green projects including a circular economy and the clean energy transition.
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The EU’s New Sustainability Directive (“CSRD”) Big Impact
November 23, 2022
Following the adoption of the text by the European Parliament, the Corporate Sustainability Reporting Directive (CSRD) is expected to be adopted by the Council of the European Union making the EU the first to put forth such directives for global sustainability reporting standards, impacting nearly 50,000 EU companies that will be required to disclose more sustainability related information than ever before, from business models to supply chains.
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U.K. and the Netherlands to Cooperate on Energy Security
November 16, 2022
As Europe prepares for an end to Russian gas supplies, the United Kingdom and the Netherlands have signed a deal that the two countries will cooperate on energy security and production.
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Germany’s Government sells Stake in Port of Hamburg to Chinese Company
November 07, 2022
Germany continues the trend of selling parts of Europe’s vital infrastructure to Chinese companies, including the latest move, selling stake in Europe’s second largest port of Hamburg to COSCO which has links to China’s People’s Liberation Army.
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Euronews: EU Believes U.S. Anti-Inflation Bill Discriminates Against its Renewable Products in U.S. Market
November 02, 2022
Following the United State’s signing of the $430 billion anti-inflation bill into law, the EU believes the bill discriminates against its products as of European renewable energy products do not have the same access to the US market as those from Canada and Mexico.
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New EU Auditor Pledges High Standards of « Ethical Conduct »
October 13, 2022
Following the resignation of Klaus-Heiner Lehne, a former German European Parliament member, who is accused of claiming EU funds illegally, the new EU Auditor has vowed new high standards of « ethical conduct » in an attempt to increase trust in the Institution.
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