Tag #Industrial Policy

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zeit.de

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Jun 4, 16:15

NRW Rejects Thyssenkrupp State Intervention Amid Job Cut Controversy

North Rhine-Westphalia's Minister of Labor rejects state participation in Thyssenkrupp amid criticism over a 700 million euro subsidy and the announced elimination of 11,000 jobs; opposition parties demand accountability and job guarantees.

NRW Rejects Thyssenkrupp State Intervention Amid Job Cut Controversy

North Rhine-Westphalia's Minister of Labor rejects state participation in Thyssenkrupp amid criticism over a 700 million euro subsidy and the announced elimination of 11,000 jobs; opposition parties demand accountability and job guarantees.

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What are the immediate consequences of the 700 million euro subsidy to Thyssenkrupp, considering the announced job cuts and the lack of conditions?

North Rhine-Westphalia's Minister of Labor, Karl-Josef Laumann (CDU), rejects state participation in the Thyssenkrupp industrial group. He argues that state involvement wouldn't ensure the future of domestic steel production. Opposition parties criticized the 700 million euro subsidy for a direct reduction plant without guarantees for jobs or location.

kathimerini.gr

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Jun 2, 13:14

High Energy Costs Threaten Greek Industry Competitiveness

High energy costs in Greece, two to three times higher than in China and the US, threaten the competitiveness of Greek energy-intensive industries, prompting calls for national support measures as other EU nations bypass EU state aid rules to aid their own industries.

High Energy Costs Threaten Greek Industry Competitiveness

High energy costs in Greece, two to three times higher than in China and the US, threaten the competitiveness of Greek energy-intensive industries, prompting calls for national support measures as other EU nations bypass EU state aid rules to aid their own industries.

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Industry, Innovation, and Infrastructure

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What immediate actions are necessary to alleviate the competitiveness crisis faced by Greek energy-intensive industries given the high energy costs compared to other EU nations and global competitors?

Greek industry faces intensified competition due to high production costs, exacerbated by energy prices two to three times higher than in China and the US. This lack of competitiveness, highlighted in the Draghi report, threatens sustainable growth and necessitates government intervention.

zeit.de

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May 29, 04:10

Germany Unveils Rapid Economic Stimulus Package

Germany's new coalition government launched a swift economic recovery program three weeks into its term, including tax cuts, streamlined bureaucracy, faster approvals, and high-tech support, aiming for initial decisions by summer and legislation by July, addressing economic stagnation after two year...

Germany Unveils Rapid Economic Stimulus Package

Germany's new coalition government launched a swift economic recovery program three weeks into its term, including tax cuts, streamlined bureaucracy, faster approvals, and high-tech support, aiming for initial decisions by summer and legislation by July, addressing economic stagnation after two year...

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What immediate actions are Germany taking to stimulate its economy, and what are the short-term projected impacts?

Germany's new coalition government presented a rapid economic stimulus package three weeks after taking office, focusing on tax cuts, bureaucracy reduction, faster permitting processes, and high-tech industry support. Initial decisions are expected by summer, with legislation potentially ready by July. The plan includes improved investment write-offs for businesses.",

repubblica.it

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May 27, 13:11

Italian Banks Adopt Divergent M&A Strategies Amid Market Uncertainty

Credit Agricole Italia will not participate in hostile takeovers due to market uncertainty; Bper plans to proceed with the Popolare di Sondrio acquisition, while Unicredit's CEO emphasizes value-driven M&A decisions.

Italian Banks Adopt Divergent M&A Strategies Amid Market Uncertainty

Credit Agricole Italia will not participate in hostile takeovers due to market uncertainty; Bper plans to proceed with the Popolare di Sondrio acquisition, while Unicredit's CEO emphasizes value-driven M&A decisions.

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What are the immediate implications of Credit Agricole's decision to avoid hostile takeovers?

Credit Agricole Italia's president, Giampero Maioli, announced they will not engage in hostile takeovers, citing market uncertainty. Bper CEO Gianni Franco Papa confirmed their intention to proceed with the Popolare di Sondrio acquisition, viewing it as a growth opportunity. Unicredit CEO Andrea Orcel stated that M&A activity will only occur if it adds value.

lefigaro.fr

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May 7, 13:17

Montebourg Urges Increased Industrial Protectionism for France

Former French Economy Minister Arnaud Montebourg urged increased industrial protectionism, including state intervention, citing potential job losses in the automotive sector and advocating for a sovereign wealth fund to support French industry.

Montebourg Urges Increased Industrial Protectionism for France

Former French Economy Minister Arnaud Montebourg urged increased industrial protectionism, including state intervention, citing potential job losses in the automotive sector and advocating for a sovereign wealth fund to support French industry.

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How do Montebourg's proposals relate to broader trends in global economic policy and national industrial strategies?

Montebourg's proposal reflects a broader trend of nations prioritizing economic security and industrial independence. His call for state intervention, a sovereign wealth fund, and extended loan repayment periods (due to the difficulties faced by businesses with the PGE) highlights concerns about global competition and the need for proactive government support.

lefigaro.fr

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May 1, 16:13

French Socialists Propose State Control of ArcelorMittal's Dunkirk Site

The French Socialist Party announced a bill to put ArcelorMittal's Dunkirk site under state control, responding to planned job cuts (636 in France, 1400 transferred to India) and accusing the company of broken commitments, prompting calls for nationalization, stronger industrial policy, and protecti...

French Socialists Propose State Control of ArcelorMittal's Dunkirk Site

The French Socialist Party announced a bill to put ArcelorMittal's Dunkirk site under state control, responding to planned job cuts (636 in France, 1400 transferred to India) and accusing the company of broken commitments, prompting calls for nationalization, stronger industrial policy, and protecti...

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What immediate actions are being taken by the French Socialist Party in response to ArcelorMittal's job cuts and relocation plans?

ArcelorMittal's announced plan to cut 636 jobs in France and transfer 1400 support positions to India has prompted a strong reaction from French Socialists, who are proposing a bill to place the company's Dunkirk site under state control. This follows accusations that ArcelorMittal has failed to meet its commitments and invest in French production. The proposed legislation aims to ensure continued operation and job preservation, potentially leading to a sale or partial nationalization.

taz.de

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Jun 3, 10:13

Meyer Burger Insolvency Highlights German Industrial Policy Flaws

Meyer Burger's two German subsidiaries filed for insolvency, affecting 600 jobs and sparking debate about Germany's renewable energy policies and the broader challenges faced by its mid-sized companies.

Meyer Burger Insolvency Highlights German Industrial Policy Flaws

Meyer Burger's two German subsidiaries filed for insolvency, affecting 600 jobs and sparking debate about Germany's renewable energy policies and the broader challenges faced by its mid-sized companies.

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Industry, Innovation, and Infrastructure

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What are the immediate consequences of Meyer Burger's insolvency for German renewable energy development and job market?

Meyer Burger's German subsidiaries, Meyer Burger Industries and Meyer Burger Germany, filed for insolvency, impacting 600 employees in Thalheim and Hohenstein-Ernstthal. This raises concerns about Germany's renewable energy support policies.

t24.com.tr

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May 30, 13:14

Turkey Unveils New Investment Incentive System with Significant Financial Aid

Turkey launched a new investment incentive system offering financial aid, including interest rate subsidies and cash incentives up to 240 million Turkish Lira, to stimulate high-value-added investments and reduce reliance on imports, prioritizing strategic sectors and regional development until Dece...

Turkey Unveils New Investment Incentive System with Significant Financial Aid

Turkey launched a new investment incentive system offering financial aid, including interest rate subsidies and cash incentives up to 240 million Turkish Lira, to stimulate high-value-added investments and reduce reliance on imports, prioritizing strategic sectors and regional development until Dece...

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How will this system impact regional development and reduce economic disparities across Turkey?

The system prioritizes high-value-added investments crucial for national needs, reducing reliance on imports and enhancing international competitiveness. Incentives are tailored to specific sectors, including technology, local development, and strategic initiatives like the "Century of Turkey Development Drive", focusing on boosting productivity and job creation.

repubblica.it

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May 27, 16:11

Italy's Economy Shows Resilience Amidst Challenges

Italian Prime Minister Giorgia Meloni announced that Italy's economy is showing signs of resilience, citing a halved spread, a rising stock market, and increased attractiveness for investments, as well as Moody's recent upgrade of Italy's rating. The government has invested 60 billion euros to mitig...

Italy's Economy Shows Resilience Amidst Challenges

Italian Prime Minister Giorgia Meloni announced that Italy's economy is showing signs of resilience, citing a halved spread, a rising stock market, and increased attractiveness for investments, as well as Moody's recent upgrade of Italy's rating. The government has invested 60 billion euros to mitig...

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What concrete steps is the Italian government taking to improve the country's economic standing and address key challenges?

Italy's economy shows resilience despite challenges, evidenced by a halved spread, a rising stock market, and increased attractiveness for investments. Moody's recently upgraded Italy's rating for the first time in 25 years, further boosting confidence. Prime Minister Meloni highlights the government's 60 billion euro investment in mitigating energy costs.

lemonde.fr

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May 13, 16:11

ArcelorMittal France Job Cuts Spark Protests, Nationalization Proposal

On May 13th, hundreds of ArcelorMittal employees protested in Saint-Denis, France, against the company's plan to cut over 600 jobs, raising concerns about the future of steel production in France and prompting a proposed nationalization by LFI deputies.

ArcelorMittal France Job Cuts Spark Protests, Nationalization Proposal

On May 13th, hundreds of ArcelorMittal employees protested in Saint-Denis, France, against the company's plan to cut over 600 jobs, raising concerns about the future of steel production in France and prompting a proposed nationalization by LFI deputies.

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How do ArcelorMittal's investment decisions, particularly regarding decarbonization, relate to the announced job cuts and broader economic concerns?

The protest highlights broader concerns about the future of the French steel industry and ArcelorMittal's investment strategies. The company's decision to suspend a €1.8 billion decarbonization project in Dunkerque, despite receiving €800 million in government aid, fuels these concerns. A proposed nationalization of ArcelorMittal reflects the urgency felt by some to protect domestic steel production.

theguardian.com

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May 2, 13:18

Manufacturing Jobs: National Benefit vs. Personal Aspiration

A Cato Institute poll reveals that while 80% of Americans believe increased manufacturing would benefit the nation, only 25% want factory jobs themselves; this highlights the disconnect between individual aspirations and the recognized societal benefit of a stronger manufacturing sector.

Manufacturing Jobs: National Benefit vs. Personal Aspiration

A Cato Institute poll reveals that while 80% of Americans believe increased manufacturing would benefit the nation, only 25% want factory jobs themselves; this highlights the disconnect between individual aspirations and the recognized societal benefit of a stronger manufacturing sector.

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How does the 25% figure who want manufacturing jobs challenge the common perception of limited interest in reindustrialization and what are the broader implications of this?

The seemingly low 25% of Americans who desire factory jobs belies its true impact. Currently, only 8% work in manufacturing; a 25% desire would more than triple this sector, indicating widespread dissatisfaction with the current service-based economy and its low wages. This dissatisfaction is particularly acute among non-college graduates.

forbes.com

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Apr 21, 19:14

Burgum's Halt of Wind Projects Stirs Debate on Industrial Policy and Energy Innovation

Interior Secretary Doug Burgum halted wind projects in New York and ordered a review of all wind project permits issued during the Biden administration, hindering renewable energy development and reflecting an industrial policy approach that prioritizes current energy sources over potentially transf...

Burgum's Halt of Wind Projects Stirs Debate on Industrial Policy and Energy Innovation

Interior Secretary Doug Burgum halted wind projects in New York and ordered a review of all wind project permits issued during the Biden administration, hindering renewable energy development and reflecting an industrial policy approach that prioritizes current energy sources over potentially transf...

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Affordable and Clean Energy

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What are the potential long-term consequences of prioritizing established energy sources over the exploration of new technologies, as demonstrated by Burgum's actions?

Burgum's actions exemplify the dangers of industrial policy, which can stifle innovation by favoring current technologies. This contrasts with the historical example of oil, initially overlooked, but ultimately revolutionizing the economy due to market-driven discovery of its uses.

Showing 25 to 36 of 121 results