German mechanical engineering companies have presented a China position paper in which they criticize Beijing's unfair subsidization of its companies. They call for political backing from Berlin and Brussels.
By Manuel Liu
The Data Act is intended to establish a single European market for data, but companies fear for their trade secrets. The vote on the trilogue result in the plenary session of the European Parliament takes place against this backdrop.
By Corinna Visser
The European Financial Reporting Group (EFRAG) is drafting new standards for sustainability reporting requirements. These requirements, however, would benefit the environment less than the consulting industry, as it would enable the latter to acquire new customers, according to VDMA’s Sarah Brückner.
By Redaktion Table
Boycotts against European companies sanctions in response to political positioning: Beijing is increasingly using its economic power as leverage. The EU wants to improve its ability to defend against blackmail in the future. A think tank has now presented concrete proposals on how to make use of a new anti-coercion instrument in response.
By Amelie Richter
The EU Parliament stops working on the investment agreement and demands a withdrawal of the sanctions from Beijing. A paragraph on non-profit organizations such as foundations, NGOs, and associations in the annex to the CAI is still causing uncertainty among those affected. In a briefing today, the EU Commission intends to provide answers to questions from German representatives of foundations and associations.
By Amelie Richter
EU Trade Commissioner Dombrovskis makes it clear: The CAI investment agreement between the EU and China is not dead – but there are significant hurdles. According to EU parliamentarians, it could take years to dismantle them. However, while the CAI is stuck, there is a lot of work going on in other areas. Brussels wants to better protect European companies from unfair competition from state-subsidized companies and make their own supply chains more independent. That, too, is aimed at China.
By Amelie Richter
