Poland could be a role model for Brussels on simplifying legislation and deregulation, Rafał Brzoska, one of Poland’s richest men, told Euronews at the European Economic Congress.
The EU's "Made in Europe" strategy to favor local electric vehicle components faces division between suppliers (CLEPA) and manufacturers (ACEA). CLEPA supports a 70% local content threshold for parts, warning of job losses if ACEA's proposed methodology, which includes R&D, dilutes the requirement.
US nonfarm payrolls rose by only 57,000 in June, missing expectations, while the unemployment rate unexpectedly fell to 4.2%. Conversely, the Eurozone unemployment rate held steady at a record low 6.2% in May, highlighting diverging labor market trends and central bank policy paths.
OpenAI has offered the US government a 5% stake in the company, valued at approximately $42.6 billion, as the ChatGPT maker seeks to mitigate political pressure in Washington. CEO Sam Altman reportedly aims for similar stakes from other major US AI firms like Anthropic, Google, and Meta, creating a government-owned share of the AI industry.
Spain's registered unemployment dropped to 2,291,982 in June, the lowest since January 2008, driven by the service sector and a significant fall in female unemployment. Social Security registrations hit a record 22.47 million, primarily boosted by wholesale, retail, and hospitality.
Europe's top court dismissed Google's appeal against a €4.1 billion antitrust fine for its Android practices. The ruling upholds the European Commission's finding that Google abused its dominant position to protect its Search and Chrome services.
Europe's cement industry is investing in decarbonization but faces a competitiveness crisis due to high energy costs and cheaper imports. Experts warn of an existential threat and loss of strategic autonomy if EU policies don't support low-carbon production and exports.
