New research by the International Longevity Centre UK (ILC) will find that the economic output (GDP) generated by earned income of individuals aged 50 and over has grown by 20% between 2004 and 2018. “Maximising the Longevity Dividend”, a new ILC report to be launched alongside the fifth annual Future of Ageing conference, will highlight…
European firms are becoming increasingly pessimistic about the economic outlook according to the new EIB report. The report also finds that investment in climate change mitigation is lower than that of major economies like the US and China. Infrastructure investment is stuck at 1.6% of EU GDP, the lowest in 15 years and Europe is…
Radu Dumitrescu, a 24 year-old from Romania, was proclaimed a winner of this year’s SME Week Youth Essay Competition during the European Commission’s SME Assembly. Radu Dumitrescu is one of the Editors-in-Chief of The New Federalist web magazine. In his speech as potential EU Commissioner for SMEs and Entrepreneurship he said: “So, what is our goal?…
The European Union’s deepening trade war with America must be de-escalated if the Scotch whisky industry is not to suffer severe damage in the crossfire, a Conservative MEP has warned. Baroness Nosheena Mobarik said her constituents in Scotland were concerned by the potential harm to exports and jobs from the crisis. She spoke out ahead…
The Belgian-Portuguese Chamber of Commerce has brought together prominent Blue Economy private stakeholders, both from Portugal and Belgium, along with financing agents, academia, clusters, associations, and EU policy makers. Duarte Bué Alves, Deputy Permanent Representative of Portugal to the OECD, and rapporteur of the event, opened by saying the global blue economy represents US$1.5 trillion and 31…
With the world facing environmental catastrophe from climate change, and calls for Europe to stop using all fossil fuels, why is the EU continuing to allow investment in gas infrastructure? Nord Stream 2 is entering the final stage of its construction after Denmark issued a permit to lay the pipe in its territorial waters. But…
German Federal Finance Minister Olaf Scholz (SPD) is abandoning his blockade of the European deposit insurance system. In an eight-page non-paper on the Banking Union he proposes a “European Reinsurance System” for bank deposits which is to be set up in addition to the national deposit guarantee schemes with contributions from credit institutions. Losses exceeding…
Fisheries, aquaculture and algae cultivation are crucial to increasing sustainable aquatic food production in the EU, promoting food security and creating economic growth and sustainable jobs, says the EESC. It says the potential of the blue bio-economy remains untapped in the EU. The EESC therefore recommends introducing pan-European pilot projects, and based on their results…
MEPs have adopted a resolution urging member states to work on long-overdue rules obliging multinationals to disclose what taxes they pay in each country. The resolution, adopted by 572 votes in favour, 42 against and 21 abstentions, urges member states to agree a position on the legislative proposal requiring public country-by-country reporting of taxes paid…
Europeans in many member states are finding it hard to meet their monthly dues, resorting to personal debt as a short-term solution to their financial woes, writes Ali Burton. According to financial writer Maya Goodfellow, in the UK, despite record employment levels, debt has reached an all-time high. The TUC reports that UK homes now own…
