Tag #Competitiveness

Showing 37 to 48 of 65 results

politico.eu

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Feb 10, 07:09

EU Ecodesign Rules Threaten 200,000 Jobs in Local Space Heater Industry

The EU's proposed ecodesign rules for solid fuel local space heaters, set to begin July 1, 2027, are causing concern among manufacturers due to unrealistic standards, inadequate testing, and a lack of transparency, risking 200,000 jobs and potentially worsening energy poverty.

EU Ecodesign Rules Threaten 200,000 Jobs in Local Space Heater Industry

The EU's proposed ecodesign rules for solid fuel local space heaters, set to begin July 1, 2027, are causing concern among manufacturers due to unrealistic standards, inadequate testing, and a lack of transparency, risking 200,000 jobs and potentially worsening energy poverty.

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What are the immediate economic and social consequences of the EU's proposed ecodesign rules for solid fuel local space heaters?

The EU's proposed ecodesign rules for solid fuel local space heaters, set to take effect July 1, 2027, are causing significant concern among European manufacturers. These regulations, based on untested standards, threaten 11,000 SMEs and 200,000 jobs, undermining European competitiveness and potentially worsening energy poverty for 41 million Europeans who rely on this heating source.

politico.eu

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Feb 5, 22:12

EU's Three Largest Economies Propose Banking Competitiveness Report

France, Germany, and Italy proposed a report to assess the competitiveness of the EU banking sector, citing lower valuations, declining market share, and limited scale compared to US banks; the report, modeled after the Draghi report, would offer policy recommendations by June 2026, impacting the 20...

EU's Three Largest Economies Propose Banking Competitiveness Report

France, Germany, and Italy proposed a report to assess the competitiveness of the EU banking sector, citing lower valuations, declining market share, and limited scale compared to US banks; the report, modeled after the Draghi report, would offer policy recommendations by June 2026, impacting the 20...

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What specific issues related to the competitiveness of EU banks are highlighted in the proposal?

The proposal highlights EU banks' lower valuations than their American counterparts, reduced market share, and limited scale hindering investment. The report aims to provide an unbiased diagnosis of the sector's competitiveness, investigating underlying economic factors and recommending concrete policy changes.

politico.eu

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Jan 29, 22:11

Von der Leyen Unveils Plan to Boost Europe's Stagnant Economy

European Commission President Ursula von der Leyen presented a "competitiveness compass" urging EU governments to boost innovation, decarbonization, and secure energy supplies to counter Europe's sluggish economy, warning of potential risks if action is not taken.

Von der Leyen Unveils Plan to Boost Europe's Stagnant Economy

European Commission President Ursula von der Leyen presented a "competitiveness compass" urging EU governments to boost innovation, decarbonization, and secure energy supplies to counter Europe's sluggish economy, warning of potential risks if action is not taken.

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How does the plan aim to balance the goals of increased economic competitiveness with the EU's climate objectives, and what are the potential conflicts?

Von der Leyen's plan addresses Europe's sluggish growth by proposing reforms across various sectors, including energy, industry, and education. It emphasizes the need for increased government investment in infrastructure, technological innovation, and workforce development, acknowledging the considerable financial constraints.

elmundo.es

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Jan 29, 04:10

Spain's Energy-Intensive Industries Face €200 Million Blow After Failed Decree Negotiation

Last-minute negotiations between the Spanish government and Junts resulted in the removal of an energy-intensive industry electricity bill reduction, costing industries approximately €200 million annually, raising concerns about the competitiveness of around 200 companies and jeopardizing jobs.

Spain's Energy-Intensive Industries Face €200 Million Blow After Failed Decree Negotiation

Last-minute negotiations between the Spanish government and Junts resulted in the removal of an energy-intensive industry electricity bill reduction, costing industries approximately €200 million annually, raising concerns about the competitiveness of around 200 companies and jeopardizing jobs.

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What is the immediate impact of excluding the electricity bill reduction for energy-intensive industries from the omnibus decree?

The Spanish government's negotiation with Junts resulted in the exclusion of most economic measures from the omnibus decree, including a planned 200 million euro annual reduction in electricity bills for energy-intensive industries. This measure, extending an 80% reduction in electricity grid access fees until 2025, was deemed crucial for maintaining the competitiveness of around 200 companies. The government is now renegotiating this economic package.

welt.de

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Jan 29, 16:12

Von der Leyen Shifts EU Focus from Green Deal to Business Competitiveness

EU Commission President Ursula von der Leyen shifted EU policy from a Green Deal focus to a "Competitiveness Compass," prioritizing business interests and reducing bureaucracy, revising recent sustainability regulations after enacting approximately 6300 legal acts in her first term, nearly double he...

Von der Leyen Shifts EU Focus from Green Deal to Business Competitiveness

EU Commission President Ursula von der Leyen shifted EU policy from a Green Deal focus to a "Competitiveness Compass," prioritizing business interests and reducing bureaucracy, revising recent sustainability regulations after enacting approximately 6300 legal acts in her first term, nearly double he...

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How has the change in public opinion regarding EU bureaucracy influenced von der Leyen's policy decisions, and what are the underlying causes of this shift?

Von der Leyen's shift reflects a change in public opinion, moving away from environmental concerns towards frustration with EU bureaucracy. This change is evident in her prioritization of reducing regulatory burdens for businesses, particularly concerning sustainability reporting requirements, which managers cite as the biggest investment hurdle. This contrasts sharply with her earlier focus on the Green Deal.

euronews.com

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Jan 24, 22:08

Europe's Lagging Economy: IMF Urges Single Market Focus

IMF managing director Kristalina Georgieva highlights a diverging global economic outlook: while the world economy shows 3.3% growth, Europe lags behind the US due to low productivity, inefficient capital allocation, and high energy costs. She emphasizes the need for Europe to focus on its single ma...

Europe's Lagging Economy: IMF Urges Single Market Focus

IMF managing director Kristalina Georgieva highlights a diverging global economic outlook: while the world economy shows 3.3% growth, Europe lags behind the US due to low productivity, inefficient capital allocation, and high energy costs. She emphasizes the need for Europe to focus on its single ma...

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How do the projected global economic trends interact with the specific challenges faced by Europe, and what are the broader implications of this divergence?

While positive global economic growth is projected, significant disparities exist. The US demonstrates high productivity, unlike Europe, where productivity remains low. This divergence is attributed to factors such as the lack of a capital markets union in Europe, misallocation of investments, and high energy costs, hindering European competitiveness.

theglobeandmail.com

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Feb 6, 01:10

Canada's Economic Competitiveness Crisis: A Wake-Up Call

Darryl White, CEO of BMO Financial Group, warns that Canada's economic competitiveness is lagging, particularly in productivity, and urges immediate policy changes to address tax, regulation, and business environment issues to avoid future crises exacerbated by trade wars.

Canada's Economic Competitiveness Crisis: A Wake-Up Call

Darryl White, CEO of BMO Financial Group, warns that Canada's economic competitiveness is lagging, particularly in productivity, and urges immediate policy changes to address tax, regulation, and business environment issues to avoid future crises exacerbated by trade wars.

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What immediate policy changes are necessary to improve Canada's economic competitiveness and address its lagging productivity compared to the U.S.?

Canada's recent trade tensions with the U.S. have highlighted its economic vulnerabilities, particularly its lagging productivity compared to the U.S. A 30-day reprieve on tariffs offers a chance for Canada to address these issues, focusing on competitiveness through tax and regulatory reforms.

elpais.com

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Jan 30, 16:08

Eurozone Economy Stagnates Despite 0.7% Annual Growth

The Eurozone's 2024 economic growth of 0.7% was offset by a final-quarter stagnation, primarily due to Germany's economic decline caused by factors including loss of cheap Russian gas and increased Chinese competition, impacting other Eurozone countries.

Eurozone Economy Stagnates Despite 0.7% Annual Growth

The Eurozone's 2024 economic growth of 0.7% was offset by a final-quarter stagnation, primarily due to Germany's economic decline caused by factors including loss of cheap Russian gas and increased Chinese competition, impacting other Eurozone countries.

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What is the overall economic state of the Eurozone in 2024, and what are the immediate implications of the final quarter's stagnation?

The Eurozone's economy grew by 0.7% in 2024, a six-tenths increase from 2023, but this improvement is overshadowed by stagnation in the final quarter. Germany and France experienced slight contractions, while Spain showed stronger growth (3.2%).

politico.eu

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Jan 29, 16:12

EU Unveils Competitiveness Compass to Counter Economic Slowdown

European Commission President Ursula von der Leyen unveiled the Competitiveness Compass, a plan to boost Europe's lagging economy by improving innovation, securing energy supplies, and streamlining regulations while acknowledging funding limitations and the need for governmental coordination.

EU Unveils Competitiveness Compass to Counter Economic Slowdown

European Commission President Ursula von der Leyen unveiled the Competitiveness Compass, a plan to boost Europe's lagging economy by improving innovation, securing energy supplies, and streamlining regulations while acknowledging funding limitations and the need for governmental coordination.

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What are the potential long-term systemic impacts of the Competitiveness Compass, considering funding constraints, and how might these be mitigated?

The success hinges on swift and unified action from EU governments. The plan acknowledges funding limitations and proposes repurposing existing funds, utilizing state-backed lenders, and encouraging private investment. However, the long-term impact depends on resolving trade tensions and addressing broader social issues like education and aging populations.

euronews.com

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Jan 29, 01:08

EU Urges 'Big Bang' Space Investment to Counter US Dominance

EU Space Commissioner Andrius Kubilius urges a massive funding increase for the EU space sector, citing a shrinking 11% (€12 billion) global share compared to the US's 64% (€65 billion) and Europe's loss of market leadership in crucial areas such as commercial launchers, necessitating a 'big bang' a...

EU Urges 'Big Bang' Space Investment to Counter US Dominance

EU Space Commissioner Andrius Kubilius urges a massive funding increase for the EU space sector, citing a shrinking 11% (€12 billion) global share compared to the US's 64% (€65 billion) and Europe's loss of market leadership in crucial areas such as commercial launchers, necessitating a 'big bang' a...

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Industry, Innovation, and Infrastructure

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What are the immediate consequences of the EU's insufficient space funding, and what specific actions are needed to address this?

The EU's space industry faces a funding crisis, with its public spending at 11% of the global total (€12 billion) and declining, while the US holds 64% (€65 billion). This underinvestment has led to Europe losing its leading market position in commercial launchers and geostationary satellites, forcing reliance on US SpaceX for launches.

fr.euronews.com

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Jan 28, 19:13

EU Urges Massive Space Investment Increase to Counter US Dominance

EU Space Commissioner Andrius Kubilius called for a massive increase in EU space investment, citing insufficient public spending (€12B, 11% of global total) compared to the US (€65B+, 64%) and the loss of market share in commercial launchers and geostationary satellites, necessitating reliance on Sp...

EU Urges Massive Space Investment Increase to Counter US Dominance

EU Space Commissioner Andrius Kubilius called for a massive increase in EU space investment, citing insufficient public spending (€12B, 11% of global total) compared to the US (€65B+, 64%) and the loss of market share in commercial launchers and geostationary satellites, necessitating reliance on Sp...

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What are the immediate consequences of insufficient EU investment in the space sector, and how does this impact Europe's global standing?

EU Space Commissioner Andrius Kubilius urged the EU to massively increase its space investment, warning of falling behind other global players like the US. He highlighted insufficient and fragmented public spending, hindering ambitious long-term projects. The EU's share of global public space investment is only 11%, compared to the US's 64%.

repubblica.it

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Jan 21, 19:10

Italy's High Energy Costs Threaten Industrial Competitiveness

Italian businesses are paying double the energy costs compared to other EU nations due to high gas import reliance and a pricing system based on the most expensive energy source; this is impacting competitiveness and employment.

Italy's High Energy Costs Threaten Industrial Competitiveness

Italian businesses are paying double the energy costs compared to other EU nations due to high gas import reliance and a pricing system based on the most expensive energy source; this is impacting competitiveness and employment.

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What are the potential consequences of reforming Italy's energy pricing system to decouple renewable energy prices from gas prices?

The high energy prices in Italy are a result of the country's dependence on imported energy and the marginal market pricing system. The system prioritizes the most expensive energy source to meet demand, leading to inflated costs for all consumers, disproportionately affecting Italian businesses' competitiveness. This system makes Italy vulnerable to international gas price fluctuations.

Showing 37 to 48 of 65 results