Europe will lose out to countries like the U.S. and Japan on new medical research, trials and treatments unless draft rules reforming the European pharmaceutical landscape change, the CEO of Danish drugmaker Novo Nordisk warned on Thursday. The European Commission will present its proposed overhaul of the bloc’s pharmaceuticals regulation on March 29, the first […]
Europe
European shares fell on Tuesday, with UK’s Ocado sinking after a worse-than-expected full-year loss, while data from France and Spain pointed to inflation being stickier than feared. The continent-wide STOXX 600 index slipped 0.3% in the first hour of trading, after closing sharply higher in the previous session. “Whether it be Spain, France or Germany, […]
Chinese electric-vehicle maker Nio Inc plans to build a factory to produce budget EVs under a new brand for export to Europe from as early as next year, three people with knowledge of the matter said. The plan to broaden the company’s lineup and expand overseas sales comes as EV sales sharply weaken in China, […]
Europe’s carbon price hit a record 100 euros ($106) per tonne on Tuesday, a long-awaited milestone that boosts the economic case for some green technologies and hits industry with its largest bill yet for carbon dioxide emissions. The European Union has pledged to cut its emissions by 55% by 2030 versus 1990 levels. One of […]
The European Union is seeking to bolster semiconductor production after a global shortage over the past two years. Under the European Chips Act, the European Commission earmarked early last year a total of 15 billion euros ($16 billion) for public and private semiconductor projects by 2030. Below are some of the chipmakers’ plans for factories […]
Airbus, the world’s largest planemaker, is seeking to become the No. 1 investor in Atos’ soon-to-be spun-off division Evidian, France’s beleaguered IT consulting firm said amid scrutiny on an asset deemed strategic by the government. If successful, the deal would make Airbus the key industrial partner of Evidian and give it a say over the […]
European countries’ bill to shield households and companies from soaring energy costs has climbed to nearly 800 billion euros, researchers said on Monday, urging countries to be more targeted in their spending to tackle the energy crisis. European Union countries have now earmarked or allocated 681 billion euros in energy crisis speding, while Britain allocated […]
Deutsche Telekom, Orange, Telefonica and Vodafone’s plan to take on Big Tech with their own advertising joint venture is set to win unconditional EU antitrust approval, people familiar with the matter said. The joint venture marks the telecoms sector’s first attempt to take on Meta and Alphabet’S Google in the lucrative online advertising sector and […]
The European Commission presented its Green Deal Industrial Plan on Wednesday in response to the U.S. Inflation Reduction Act (IRA), with increased levels of state aid to help Europe compete as a manufacturing hub for clean tech products. While EU countries welcome the U.S. commitment to energy transition, they fear the IRA’s $369 billion of […]
The rise of Non-Fungible Tokens (NFTs) has generated much excitement in digital assets. Still, it has also raised concerns about their potential for misuse in illicit activities such as money laundering. In response to these concerns, governments worldwide have begun to examine the regulations of NFTs, seeking to balance the benefits of these tokens with […]