Chinese Automakers Accelerate European Expansion
PARIS – The Paris Motor Show has always been a grand stage for the automotive industry, and the 2024 edition is no exception. This year, the spotlight shines on the Chinese car industry, which is making significant moves to establish … Continue reading Chinese Automakers Accelerate European Expansion
EU plans punitive tariffs on Chinese EV cars
BRUSSELS/BERLIN – The European Commission has received the green light to impose high tariffs on electric vehicles produced in China. This measure, which has not yet been finalized, aims to protect European manufacturers from what is seen as China’s distortive … Continue reading EU plans punitive tariffs on Chinese EV cars
“Flightright” reveals ranking of the worst European airlines
BERLIN – The consumer portal Flightright has conducted a comprehensive analysis of the quality of European airlines and has now published the results. Over a million passenger data points were evaluated and categorized into reliability, payment behavior for compensation, and … Continue reading “Flightright” reveals ranking of the worst European airlines
USA and Europe: AI effects twelve million jobs by 2030
NEW YORK – A recent study by the McKinsey Global Institute (MGI) predicts a remarkable development in the working world: millions of workers may be forced to seek new employment opportunities as artificial intelligence (AI) increasingly becomes capable of automating … Continue reading USA and Europe: AI effects twelve million jobs by 2030
Xi Jinping: Navigating Trade Tensions and Geopolitics
PARIS — Chinese President Xi Jinping has embarked on a significant three-country tour of Europe, marking his first state visit to the continent in five years. Against the backdrop of strained China-EU relations due to trade disputes and Russia’s war … Continue reading Xi Jinping: Navigating Trade Tensions and Geopolitics
EU: Strengthening strategic partnership with ASEAN, India
BRUSSELS – The EU is seeking to deepen its trade ties with Asian countries to promote economic prosperity and limit the influence of China and Russia in the region. To this end, it is currently negotiating with several countries about … Continue reading EU: Strengthening strategic partnership with ASEAN, India
China: A significant deterioration of business sentiment
BEIJING – On 21st June, the European Union Chamber of Commerce in China, in partnership with Roland Berger, released its European Business in China Business Confidence Survey 2023 (BCS). The 20th edition of the annual survey shows that there has … Continue reading China: A significant deterioration of business sentiment
EMA Approves BioNTech Storage Option for EU
NEW YORK/MAINZ – Pfizer Inc. (NYSE: PFE) and BioNTech SE (Nasdaq: BNTX) announced today that the European Medicines Agency (EMA) approved storage of COMIRNATY® at -25°C to -15°C for a total of two weeks based on data showing the stability at these temperatures in … Continue reading EMA Approves BioNTech Storage Option for EU
Strain on global manufacturing eases
LONDON/TOKYO – Euro zone manufacturing activity expanded modestly last month, its first growth since early 2019, and Asia’s pain eased as the contraction slowed in export-reliant nations, adding to hopes the sector is emerging from the hit of the coronavirus … Continue reading Strain on global manufacturing eases
Coronavirus travel restrictions around Europe
Paris – Much of Europe has closed its external borders to non-citizens – and within the continent’s borders, there are drastic restrictions and severely reduced traffic on major transport routes. Countries around the EU have adopted different sets of measures, … Continue reading Coronavirus travel restrictions around Europe