Global World

The European Union is the second largest economy in the world and the largest trader of manufactured goods and services. European firms already showed their agility in responding to trade shocks in 2022 and 2023 by investing in resilience and digital tracking, increasing inventories and diversifying suppliers. This served as a test for the new wave of trade shocks. • Europe is a research powerhouse. It issues 24% more research publications than the United States, according to the Nature Index. This is an indicator of the strength of Europe’s research base and an asset to exploit for more industrial and service applications. • European firms are positioned to exploit the opportunity presented by the integration of AI into industrial and service processes. So far, AI investments have largely focused on two basic components: infrastructure, such as data centres, and models. Both are highly energy intensive, while the latest developments suggest their use is becoming a commodity. Progress ...

Ülkemizde Son Dönemlerde Yaşanan Ekonomik Kriz Sizi Nasıl Etkiliyor?” sorusuna araştırma grubunun %88,9’u “Çok Etkiliyor”, %10,7’si “Etkiliyor” derken; Siyasi partilerin seçmenlerinin tamamına yakını krizden etkilendiklerini bildirmişlerdir. Ayrıca krizden her yaş grubu etkilenmekle beraber 18-24 ile 25-34 genç yaş gruplarının daha fazla etkilendiği görülmüştür. Ekonomik krizin etkisinin en çok hissedildiği durumlardan biri olan alım gücüne dair soruların ilkini “Son Bir Yıl İçerisinde Alım Gücünüz Nasıl Değişti?” sorusu oluşturmuştur. Katılımcıların %4,6’sı “Alım Gücüm Bu Süreçte Çok Arttı”, %1’i “Arttı” derken; %15,5’i “Azaldı”, %78,3’ü “Çok Azaldı” yanıtlarını vermişlerdir. Krizden etkilenme oranı ile bu soruya verilen yanıtlara bakıldığında krizin “alım gücünü arttırıcı” etkisini yaşayan toplamda %5,6’lık bir kesim olduğu anlaşılıyor. Yine katılımcıların %52,4’ü “Son Bir Yıl İçerisinde Kredi Aldığını”, %69,3’ü ise “Son Bir Yıl İçerisinde Kredi Dışında Borç” aldığını söylemiştir. Bo...

Sıralamalarda Daha Çok Başarılı Olmak İçin Ne Yapmalıyız? Kaliteli üretim • Akademisyen başına üretim • Uluslararasılaşma– Öğrenci sayısı– Sanayi işbirliği • Mezunlarla iletişim…

Water security is no longer a distant concern – it’s a critical issue across Europe. Pollution and overconsumption are threatening our water resources, and over three-quarters of Europeans demand stronger action from the EU. National efforts are falling short, and existing policies lack the depth and coordination needed to tackle these growing challenges.Confronting these challenges head-on, the European Economic and Social Committee (EESC) has taken a lead in advocating for a comprehensive EU water strategy. In 2023, we launched the EU Blue Deal – the first major call for a unified EU water policy. This ground-breaking initiative not only identifies Europe’s water issues but also delivers a clear and concrete roadmap for tackling them. We propose a holistic and strategic approach, featuring 15 principles and 21 actions to address the social, economic, environmental and geopolitical dimensions of water management. The solutions are clear: reduce, reuse, recycle water, cut pollution, an...

The war in Ukraine remained the most pressing concern in 2024, as Ukrainian and international journalists risked their lives daily on the front lines. Media professionals, like other civilians across the country, endured the constant threat of Russian bombardments. The essential role of the media in covering conf licts was further challenged by press freedom violations amid the ongoing crisis in Gaza, the West Bank, and the wider Middle East. ■The results of numerous elections in Council of Europe member states, at the European level, and in the United States revealed a growing influence of illiberal and populist parties. These parties, often hostile to critical and public interest journalism, displayed this through derogatory rhetoric, legal constraints on media, and regulatory interference that undermined public service broadcasters. ■Within Europe, this report documents extensive abuses, highlighting the urgent need for wide-ranging legislative and practical reforms. ■SLAPPs and leg...

As a political model, the nation-state fuses two principles: the principle of state sovereignty, first articulated in the Peace of Westphalia (1648), which recognizes the right of states to govern their territories without external interference; and the principle of national sovereignty, which recognizes the right of national communities to govern themselves. National sovereignty in turn is based on the moral-philosophical principle of popular sovereignty, according to which states belong to their peoples. The latter principle implies that legitimate rule of a state requires some sort of consent by the people. That requirement does not mean, however, that all nation-states are democratic. Indeed, many authoritarian rulers have presented themselves—both to the outside world of states and internally to the people under their rule—as ruling in the name of a sovereign nation. Although France after the French Revolution (1787–99) is often cited as the first nation-state, some scholars consi...

Financial performance (vs 2023)– Profit before tax rose by $2.0bn to $32.3bn, including a $1.0bn net favourable impact from notable items. In 2024, these included a gain of $4.8bn on the disposal of our banking business in Canada, the impacts of the disposal of our business in Argentina, comprising a $1.0bn loss on disposal, and the recycling of foreign currency reserve losses and other reserves of $5.2bn. In 2023, notable items included an impairment of $3.0bn on our associate, Bank of Communications Co., Limited (‘BoCom’), disposal losses of $1.0bn on Treasury repositioning and risk management and a $1.6bn gain recognised on the acquisition of Silicon Valley Bank UK Limited (‘SVB UK’). Profit after tax increased by $0.4bn to $25.0bn.– Constant currency profit before tax excluding notable items increased by $1.4bn to $34.1bn, primarily reflecting revenue growth in Wealth and Personal Banking (‘WPB’) and Global Banking and Markets (‘GBM’), partly offset by a rise in operating expenses,...

Technological change, geoeconomic fragmentation, economic uncertainty, demographic shifts and the green transition – individually and in combination – are among the major drivers expected to shape and transform the global labour market by 2030. The Future of Jobs Report 2025 brings together the perspective of over 1,000 leading global employers—collectively representing more than 14 million workers across 22 industry clusters and 55 economies from around the world—to examine how these macrotrends impact jobs and skills, and the workforce transformation strategies employers plan to embark on in response, across the 2025 to 2030 timeframe.– Broadening digital access is expected to be the most transformative trend – both across technology-related trends and overall – with 60% of employers expecting it to transform their business by 2030. Advancements in technologies, particularly AI and information processing (86%); robotics and automation (58%); and energy generation, storage and distrib...

ANALYSIS CYCLE: ESTABLISHING A STRATEGIC AND SELF-REINFORCING WORKFLOW The Analysis Cycle is a meta-methodology to provide one core workflow that delivers both on the long-term objective of systematically analysing and disrupting FIMI and providing insights in the short-term for quick and timely reactions In the (1) Strategic Monitoring phase, the ecosystem of known FIMI assets used by a threat actor to engage in manipulation is mapped These assets can be overtly associated with a foreign actor, or have been attributed by the FIMI research community according to current best practices 29 A good example of such a mapping is the infographic “Russia’s Disinformation & Propaganda Ecosystem” depicted in Figure 17 (later also built upon by euvsdisinfoeu)30 Systematically monitoring the activity of these known FIMI channels allows us to understand patterns in their behavioural tactics, and spot potential new channels of that ecosystem, for example through suspicious amplification pattern...

Europe has been worrying about slowing growth since the start of this century. Various strategies to raise growth rates have come and gone, but the trend has remained unchanged. Across different metrics, a wide gap in GDP has opened up between the EU and the US, driven mainly by a more pronounced slowdown in productivity growth in Europe. Europe’s households have paid the price in foregone living standards. On a per capita basis, real disposable income has grown almost twice as much in the US as in the EU since 2000. For most of this period, slowing growth has been seen as an inconvenience but not a calamity. Europe’s exporters managed to capture market shares in faster growing parts of the world, especially Asia. Many more women entered the workforce, lifting the labour contribution to growth. And, after the crises of 2008 to 2012, unemployment steadily fell across Europe, helping to reduce inequality and maintain social welfare. The EU also benefitted from a favourable global environ...

The German and French governments both formally announced their support for a proposed "Eurostack" initiative on 9 April - though they offered few specifics, setting the stage for potentially tough negotiations ahead. The Eurostack initiative seeks to de-risk the continent on its over-reliance on US technologies in building a sovereign European tech infrastructure—from semiconductors and cloud services to platforms, social media, and artificial intelligence (AI)—spanning the entire value chain. We are supporting the Eurostack initiative, reads the German centre-right and centreleft coalition document published on 9 April. "Yes, we support" the development of European solutions, the cabinet of French AI and Digital Minister Clara Chappaz told Euractiv in an official response to Germany's backing of the Eurostack initiative, adding that the French and German administrations are in contact to build a joint roadmap. This joint backing will undoubtedly create a posit...

IS-01 Cyber security policy A documented Cyber Security Policy (or set of policies) MUST be in place and approved by senior management [P1] An information security policy is the foundation of an Organisation’s security programme. It sets out how the Organisation protects information assets, considering: Confidentiality: the protection of information from unauthorised access; Integrity: ensuring that information is complete and accurate and hasn’t been tampered with, altered or damaged in an unauthorised way; Availability: information is available to the right people when it is needed. The policy to be approved and signed off by senior management to demonstrate their commitment to the Organisation’s security programme. Cyber security policies MUST be kept up to date and effectively communicated to all relevant personnel. [P1] Policies to be reviewed regularly to make sure that they are suitable, adequate and effective for the Organisation. Policies to be communicated regularly to ever...

Europe’s economy is recovering, benefiting from a strong crises’ response. Yet, the recovery is falling short of its full potential. Uncertainty about persistent core inflation, policy directions, and geopolitical conflicts, is dampening the near-term outlook. In the longer term, perennially weak productivity growth—a result of limited scale and business dynamism–-amid new headwinds from fragmentation and climate change are holding back growth potential. Steady macro policies are needed to navigate an uncertain environment. This requires transitioning to a neutral monetary policy stance and reducing fiscal deficits without jeopardizing the recovery. Policymakers also need to tackle barriers to higher potential growth. A larger and more integrated single market for goods, services, and capital will incentivize investment, innovation, and generate scale benefits. Deepening European integration will also strengthen economic resilience by insulating businesses and labor markets from global...

🇪🇺 The report demonstrates the significant progress the EIC has made to become the investor of choice for European deep tech entrepreneurs. Here are some highlights from this year’s edition.  EIC Fund's impressive investment record ✅️ The EIC Fund has emerged as a leading early-stage technology investor in Europe. It has completed over 150 investment rounds in start-ups and SMEs, under Horizon Europe, including 60 rounds in 2024 alone.  The Fund has also attracted more than €2.6 billion in co-investment in direct equity rounds, primarily from private investors, equating to over €3 of additional investment for every euro of EIC Fund's direct investment since it was established in 2020.  Accelerating start-up growth 🔺️ The EIC has been instrumental in accelerating the growth trajectory of start-ups. Over 70 EIC-backed companies have attained 'centaur' status, with valuations exceeding €100 million, and six of these companies are valued at over €500 million.  On aver...

🇪🇺 The European Innovation Council (EIC) has released its 2024 Tech Report, highlighting 34 emerging technologies and breakthrough innovations that could shape the industries of tomorrow. Drawing on EIC’s internal data and the views of experts in the field, 📝®️ the report identifies early stage trends of novel technologies with the potential to make major impacts on economic growth, Europe’s technological independence, and secure its place on the global stage as a leader in the next generation of breakthrough innovation. Pioneering future technologies for a competitive Europe 🇪🇺 The report delves into emerging technologies that are critical for Europe’s future—green technologies, healthcare, digital transformation, industrial advancements, and space exploration. Areas include plant-based biomanufacturing, cutting-edge drug development techniques like targeted protein degradation, miniaturised quantum systems, and technology for very low Earth orbit satellites.  The report prov...

Trump Tariffs: The Economic Impact of the Trump Trade War Scenario Tariffs 1 – and Tariffs 20% 60% Universal China Scenario Mexico 2 – 25% and Tariffs Tariffs Canada 10% and China Total Canada/ Mexico China GDP-1.3%-0.4%-0.3%-0.1% Capital Stock-1.4%-0.3%-0.2%-0.1% PreTax Wages 0.0% 0.0% 0.0% 0.0% FullTime Equivalent Employment-1.1 million-330,000-269,000-60,000Trump Tariffs: The Economic Impact of the Trump Trade War 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2025 through 2034 Scenario 1, Conventional, in Billions $318.3 $331.1 $346.2 $360.9 $374.7 $388.8 $403.2 $418.3 $433.5 $448.9 $3,823.9 Scenario 1, Dynamic, in Billions $256.8 $264.3 $274.5 $287.4 $298.5 $309.9 $320.5 $334.6 $347.2 $359.3 $3,052.9 Scenario 2, China Subtotal, Conventional $22.8 $22.6 $22.7 $23.2 $23.7 $24.2 $24.7 $25.2 $25.7 $26.2 $240.9 Scenario 2, Canada Subtotal, Conventional $36.3 $36.0 $36.2 $36.8 $37.7 $38.4 $39.3 $40.1 $41.0 $41.7 $383.4 Scenario 2, Mexico Subtotal, Conventional $47.0 $46.6 $46.9 $47.7...