Avoiding incompatible and contradictory policy initiatives as well as creating an environment that will lead to a healthier, more resilient Europe should be central to any EU life sciences strategy. The start of a new mandate is a good moment for reflection. Last month, EFPIA published a Competitiveness Strategy for European Life Sciences, which included … Read more
An even bigger problem, the western diplomats said, is that several countries in the region, including Bahrain and Libya, have locked arms with Lebanon in opposing international regulators’ push for a crackdown, making it all but impossible to effectively target Hezbollah’s illicit financing. FATF declined to comment for this article. The current battle within FATF … Read more
Ill-suited subsidy spurs precarious revival In the years following its launch, it gradually became clear that the cost of the Superbonus had been dramatically underestimated, after lax enforcement led to thousands of homeowners commencing works without filing official applications. Its total expected cost ballooned to €219 billion, over six times the €35 billion predicted by … Read more
Germany and other G7 countries in June struck a preliminary deal to use the value of some $300 billion of Russia’s sovereign assets immobilized in Western financial institutions to secure a $50 billion loan to Ukraine. But governments have yet to agree on the details of the scheme, and technical talks might drag on for … Read more
The coffee bush likes tropical climates and elevation, and grows in a belt around the equator. It is the cherries of the plant, which turns bright red when ripe, that are used to make the hot drink. They’re gathered, stripped, dried, roasted and finally ground and ready to use. Sounds like hard work, doesn’t it? … Read more
“They normally say, well, this is not an issue for us … then three to six months later, we all find out that we cannot escape,” ING’s Brzeski said. A U.S. recession would make the European Central Bank’s already “too optimistic” forecast for growth “obsolete,” he said. But, he said, if ECB chief Christine Lagarde … Read more
The July draft budget agreement, reached after an all-night negotiation between Scholz, a Social Democrat (SPD), Economy Minister Robert Habeck of the Greens, and Linder of the fiscally conservative Free Democrats (FDP), was met with relief in Berlin given the intractable differences between the coalition parties on matters of spending. The deal was also seen … Read more
Alongside the major regional development projects, a minor part of the fund will be dedicated to entertainment activities which, the Estonian finance ministry says, will give residents the opportunity to participate in the transition process through civic initiatives. “Anyone with an idea that meets the grant conditions can submit an application to the implementing unit … Read more
“Today’s cut will be welcome news for millions of homeowners and shows that Labour inherited a stronger economy which was on the right track,” crowed Shadow Chancellor Jeremy Hunt, attacking Reeves for agreeing to new public sector pay rises. “In government, we took difficult decisions that cut inflation from 11.1 per cent to the Bank’s … Read more
This article is part of the Brussels Survival Guide. There’s plenty to pay attention to in the new cohort entering the European Parliament — including, of course, the people. See below our guide on key figures across the policy palette. Céline Imart AGRICULTURAL DISRUPTOR European People’s Party, France A cereal farmer from Occitania in France, she … Read more
