Finance & Trade

EU Set to Propose Net-Zero Industry Act to Compete with U.S. Green Subsidies

January 17, 2023

Following the release of the United States green subsidy package, Ursula von den Leyen has announced that the European Commission will set a Net-Zero Industry Act highlighting clean technology objectives for 2030.
TikTok Warned to Keep to EU Rules

January 11, 2023

TikTok, who has come under scrutiny in the West has been warned by the EU that the social media company must comply with EU laws on date sharing to respect European users and regain confidence.
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.
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.
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.
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.
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.
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.
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.
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.