'Industrial policy is back!’ This is the message given in the European Commission’s October 2012 communication on industrial policy (COM(2012) 582 final), which seeks to reverse the declining role of the manufacturing industry, and increase its share of European Union GDP from about 16 percent currently to above 20 percent. Historical evidence suggests that the goal is unlikely to be achieved. Manufacturing’s share of GDP has decreased around the world over the last 30 years. Paradoxically, this relative decline...

Read more

The European Commission has proposed to create a new scoreboard to allow for better and earlier identification of major employment and social problems in the framework of the European Semester, the EU's yearly economic policy-making cycle. Further involving trades unions and employers at both the EU and national level in the definition and implementation of policy recommendations during the European Semester, making better use of EU and national budgets to alleviate social distress and removing barriers to job mobility are...

Read more

"REFIT - Fit for growth" – Commission takes ambitious next steps to make EU law lighter Whereas regulation at EU level is essential in many areas, it is often accused of stifling businesses, especially the smallest ones, or of interfering too much in citizens' daily lives. 74% of Europeans believe that the EU generates too much red tape.1 In response to that concern, the Commission has made a concerted effort over the past few years to streamline legislation and reduce...

Read more

Cornell NYC Tech Announces Launch of Connective Media Degree at its Jacobs Technion-Cornell Innovation Institute in Collaboration with Leading Traditional and New Media Companies. Incubator and Educational Space in DUMBO Will Support and Train Creative Professionals as the Next Generation of Digital Storytellers Mayor Michael R. Bloomberg today announced two major initiatives to help New York City maintain its position as media capital of the world in the digital age: the launch of Cornell NYC Tech’s degree program in Connective...

Read more

The U.S. Securities and Exchange Commission’s Office of Investor Education and Advocacy and U.S. Citizenship and Immigration Services are jointly issuing this Investor Alert to warn individual investors about fraudulent investment scams that exploit the Immigrant Investor Program, also known as “EB-5.” The U.S. Securities and Exchange Commission’s (“SEC”) Office of Investor Education and Advocacy and U.S. Citizenship and Immigration Services (“USCIS”) are aware of investment scams targeting foreign nationals who seek to become permanent lawful U.S. residents through the...

Read more

On the second day meeting of the EU Competitiveness Council on September 27, The EU research ministers focused on innovations as the core of the Europe’s competitiveness. The meeting was chaired by the Lithuanian Minister of Education and Science Dainius Pavalkis. „It is very important to stress, that making progress toward the goals of the Innovation Union is crucial to our future. Ensuring that innovative ideas are turned into products and services which will create growth and jobs – would...

Read more

While industrial performance has stabilised, industry’s share in Europe’s GDP has declined from 15.5% of GDP one year ago to 15.1% in summer 2013. The two industrial Competitiveness reports published today by the European Commission highlight that Member States have made progress in improving the business environment, exports and sustainability. However, many problems still remain. The convergence between industrially most competitive countries and the moderate performers is at a standstill. Moreover, the cost of energy is increasing in almost all...

Read more

Speech by Joaquín Almunia, Vice President of the European Commission responsible for Competition Policy at Georgetown University Law Center, 7th Annual Global Antitrust Enforcement Symposium Washington DC, 25 September 2013 Ladies and Gentlemen, It is always a pleasure to attend your conference and I thank Larry Center for his invitation. But this year I have an additional reason to address this audience here in the States – and a very good one. What I have in mind are the negotiations on the Transatlantic Trade...

Read more

In his address to the United Nations General Assembly today, European Council President Herman Van Rompuy urged the international community to seize the diplomatic opening created in order to control and destroy Syria's chemical weapons. "Any further paralysis of the international community over Syria is simply untenable," he said, calling for a clear resolution by the Security Council. He also stressed that the "European Union is ready to provide all support needed to achieve a political settlement," and that...

Read more

H.E. Enrico Letta, President of the Council of Ministers of the Italian Republic, at the NYSE Earlier today his Excellency Enrico Letta, President of the Council of Ministers of the Italian Republic visited the New York Stock Exchange (NYSE) and rang The Opening Bell. During his visit, Prime Minister Letta met with NYSE Euronext executives and delivered remarks about the status of reforms Italy is implementing to address the country's economic difficulties. The event was organized by the NYSE and the...

Read more