Europe and the U.S. are rekindling their relationship
🇪🇺 Europe and the U.S. are rekindling their relationship.
The trade between the old allies is strengthening once again as tied to Russia and China force the two to rely on one another. East Coast ports have had a major upswing as the West Coast ports begin to hiccup as trade with Asia declines. Labor tensions at West Coast ports are also a point of worry, with much of the cargo being diverted instead to the East Coast.
A top cybersecurity firm, ESET, has uncovered Chinese hacking attempts in the European cargo shipping industry, marking the latest instance of China-aligned groups infiltrating Western economic infrastructure.
In the Netherlands, a new European Hyperloop Center has just opened, featuring a quarter-mile long white steel tube that might revolutionize how we travel and transport goods.
Deforestation is a major global problem, with agriculture responsible for a whopping 90% of it.
European Union countries hit a roadblock on Wednesday as they halted the progress of new regulations aimed at making large companies accountable for potential forced labor and environmental harm in their supply chains.
Investor groups are urging EU countries to support a proposed law, the Corporate Sustainability Due Diligence Directive, which would hold large companies accountable for environmental and human rights violations in their supply chains.
The development of a European battery supply chain for electric vehicles independent of China is facing significant delays as companies shift their focus to the US market due to clean energy subsidies offered by the US Inflation Reduction Act.
Estonia's foreign minister, Margus Tsahkna, has accused Moscow of orchestrating a "blatant hybrid attack" by facilitating a surge in migrants from Africa and the Middle East arriving at the EU's eastern frontier.
France, Germany, and Italy have opposed the EU's draft AI legislation, particularly regulations concerning "foundation models" that underpin large AI language models.
Iceland has declared a state of emergency in response to a series of earthquakes on the Reykjanes peninsula, raising concerns about a potential volcanic eruption.
Orcas have been involved in a series of "attacks" on boats in the waters between southern Europe and northern Africa since 2020, with around 500 encounters reported.
Storm Ciarán swept through Western Europe, bringing record-breaking winds and causing widespread power outages, transportation disruptions, and significant damage.
The United States and China, along with 27 other countries and the EU, have signed the Bletchley Park Declaration on AI during a two-day AI Safety Summit held in the UK.
Germany has allowed France to use state subsidies for its nuclear power plants, breaking a deadlock in EU electricity market reform discussions.
Belgium is investigating potential security risks related to China's Alibaba Group's presence at Liège Airport, where its main European logistics center is located.
The UK government's recent pro-motorist policies have contributed to a "greenlash" against ambitious environmental initiatives in Europe.
Former U.S. President Donald Trump and conservative politicians in Europe are intensifying their criticism of electric cars, making it a campaign issue on both sides of the Atlantic.
New Brexit trade rules related to electric vehicles could impose a significant financial burden on European auto manufacturers, potentially costing them £3.75 billion ($4.58 billion) over the next three years, as reported by BBC News.
Russia continues to depend on European shipping to transport its oil, even as its supplies exceed the price caps set by the Group of Seven (G-7) and its allies, according to the Centre for Research on Energy and Clean Air (CREA) based in Helsinki.
Europe is grappling with a severe public health crisis as nearly everyone on the continent resides in areas plagued by dangerous air pollution levels, according to an investigation by The Guardian.
Ships transporting goods in and out of the European Union will soon face significant emissions-related costs as they join the bloc's Emissions Trading System (ETS) starting in January 2024.
Germany, known for its economic prowess, is currently facing a stark reversal of fortune.
The U.S. and EU are taking steps to lessen Asia's stronghold on the global semiconductor market. With the shift of semiconductor manufacturing operations to major Asian countries, the U.S. and Europe have faced challenges in maintaining competitiveness.
Moody's has highlighted that the new Deforestation Regulation introduced by the European Union poses a significant risk to European supply chains.
Sennder, the German digital freight forwarder, has announced the renewal of its joint venture with Poste Italiane, Italy's postal operator.
Abu Dhabi-based AD Ports Group has successfully acquired Noatum, a leading provider of integrated logistics services operating in 26 countries worldwide.
Intel is investing $4.6 billion in a new assembly and testing facility in Poland and expanding its investment in a semiconductor fabrication plant in Germany, totaling approximately $33 billion.
Logistics Plus Inc., a logistics service provider based in Erie, Pennsylvania, has acquired Dutch company Jan Krediet in order to expand its presence in Europe.
Republican lawmakers Senator Tim Scott and Representative James Comer have expressed concerns about European Union (EU) environmental, social, and governance (ESG) measures gaining traction in the United States.
Italy has unveiled plans to establish a €1 billion sovereign fund to support strategic companies and enhance domestic production, aiming to strengthen key supply chains.
A recent judicial move in Milan has put a spotlight on some serious ethical issues in the luxury fashion industry.