EU unafraid of trade war with China on 18/09/23 The EU insisted on Friday (15 September) that its economy could survive any retaliation from China, after Beijing warned that Brussels' probe into Chinese electric car subsidies would harm trade relations. EU ministers agree on fiscal reform ‘camino’, aim for year-end deal on 18/09/23 European Union finance ministers on Saturday (16 September) backed a timeline calling for the reform of the bloc's fiscal rules by the end of the year as they look to balance debt cuts with investing in an individually tailored yet equal way. European Parliament supports increase in 2024 defence budgets on 17/09/23 Against the backdrop of the war in Ukraine, the European Parliament has backed the Commission's proposal to spend more money on defence in next year's EU budget even though financial resources are scarce. EU parliament backs plans to secure raw materials supply on 15/09/23 The European Parliament approved plans to secure the EU its own supply of critical raw materials Thursday (14 September), as Brussels seeks to reduce its dependence on China for key minerals needed for green and digital technologies. ECB hikes key rate to record high, defying calls for pause on 15/09/23 The European Central Bank hiked a key interest rate to a record high Thursday (14 September) as it battles soaring inflation, defying calls for a pause to take pressure off the faltering eurozone economy. Fifteen years after Lehman, finance must serve society on 15/09/23 The financial system must be regulated on terms set by citizens, not the financial lobby, argues Benoît Lallemand. Divided EU Parliament backs decriminalisation of sex work, ‘punishment’ of clients on 14/09/23 EU lawmakers adopted a report urging member states to decriminalise people in prostitution, and 'punish' - but not criminalise - buyers, in a debate that sparked confrontation between sex workers and MEPs on how to regulate the sector. French electric car battery start-up secures historic €2 bln financing on 14/09/23 French electric battery maker Verkor announced on Thursday (14 September) it had secured €2 billion in financing, the largest amount an early-stage start-up ever received in France, in a sign of strength for the European battery industry in its race against Chinese competitors. Sure, more competitiveness! But how? on 14/09/23 Welcome to EURACTIV’s weekly Economy Brief. You can subscribe to the newsletter here. If her State of the Union speech is anything to go by, the competitiveness of European industry is Commission President Ursula von der Leyen’s main worry for... French, German economy ministers praise EU probe into Chinese electric vehicles on 13/09/23 French economic minister Bruno Le Maire and his German counterpart Robert Habeck both welcomed European Commission President Ursula von der Leyen’s announcement to open a probe into unfair Chinese competition in the electric vehicle (EV) sector.
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