Europe’s corporations enter new era of cooperation with E.U. to bolster competitiveness against the U.S. and China
Good morning from Geneva. For years, European policy makers and business leaders were concerned about what the correct response to the increasing economic competition from the United States and China. Last week, the answer became clear: Europe intends to return to companies, which means closer consensus between business groups and government.
At a meeting in Brussels last week, the World Economic Forum (where it worked from 2014 to 2022), met several dozens of executives of the Fortune 500 Europe companies with European Commission President Ursula von der Lin and four of its deputies. They conducted an open discussion that touched on the simplification and delay of the ESG bases, the reformulation of clean energy as a European independence issue, the formulation of Amnesty International Industrial Strategy to compete with the United States, and the creation of one system for companies to work throughout Europe.
It was also agreed that the exchange between large businesses and the European Commission will be repeated every six months, which represents a turning point with the past.
“So far, the process was that every company needed to speak to the European Union and the member states at the end,” Jesper Broadin, CEO of the IKEA group, and one of the incitement of the meeting. “This takes a lot of time. So we agreed to hold the CEO of Ballak with Ursula and the commissioners.”
The goal of these stock exchanges is clear: to support the competitiveness of European multinationals, which slid the 500 Fortune menu for more than a decade.
The ambition of simplifying the Cavakaki list in Europe and multi -layer is one of the elements of the new approach to companies, which business participants applauded last week. “I am not against the organization,” Christian Klein, CEO of SAP. “But we can do it better together. We have to have common working groups, to make sure we do it in the right way.”
But changing competition and combating monopoly, as Europe was historically aggressive, there was another element that both sides seemed to agree on.
“Our strategy on combating monopoly has changed somewhat,” Stefan Segorn, the European Commission’s Executive Vice President responsible for the industrial strategy, told me. “The committee is now our technology companies with regard to international competition, not just the internal European competition. […] This means encouraging mergers wherever possible in certain sectors, to give companies enough to compete in the world. ”
But despite enthusiasm, European companies are not only in their early stages, as there is still a lot of listening and education to achieve a real alignment. Klein told me that one of his repeated messages to the committee last week is to give up paganing, such as competition with the United States for the “Giga factories” and the chips needed for the AI Agency. He told me: “This train has left the station.” Instead, note that Europe should focus on artificial artificial intelligence. “We have industry data. This train did not leave the station.”– Vanham
Best news
The tariff messages come out today
The White House will start sending tariff messages today, The president said. Messages will impose tariff levels on countries that have not yet reached an agreement with the Trump administration. You will see countries that have not reached deals with the United States, whose tariffs are back to April. Those levels – 10 % to 70 % – will He kicked on August 1.
But there are new wrinkles: the Brexes
“Any country is compatible with the anti -American policies of America, fees will be imposed on an additional 10 % tariff. There will be no exceptions to this policy. Thank you for your interest in this issue!” Trump published last night.
Musk announces “America Party”
CEO of Tesla Elusk Declare The formation of the America party during the weekend to combat the regime of the two parties in the country. Immediately before that, the CEO of Openai Sam Altman announced himself “politically homeless” in a post on X and led “technical capitalism”.
Of course, Trump criticized the idea
“I feel sad to see Elon Musk fully go” off bars “, and it has become a wreckage of the train in the past five weeks. He even wants to start a third political party, despite the fact that they have never succeeded in the United States,” The president said on social media. Treasury Secretary, Scott Beesen, stuck to the facility in, also.
BCG participates in the “Gaza Rivera” plan
A Two parts investigation By foot On a group of documents produced by the Boston Consulting Group, which imagined the pushing of Ghazan to leave the region and rebuild it from scratch in Dubai style.
Inside Elliott Management in Hpe
Two months ago, the first reports that Eliott Management had appeared It has been purchased A $ 1.5 billion share in Hewlett Packard Enterprise. Tell the sources luck What Elliot wants with the company hidden in sight.
How Craiola retreated abroad
Decades ago, when other American executives were burning abroad, Rogero House – the CEO of Criola now –convinced The company to maintain most of its manufacture in the United States does so that the company has provided millions, and told Rogero luck “He saw writing on the wall that was coming.”
The new Tiktok application for the United States
Tiktok builds a new version of the application for the US market, before its planned forced sale. Trump says he will speak To China this week about the fate of the application.
Markets
- S & P 500 The futures contracts were 0.43 % this morning, before open. the S&P 500 indicator It was closed by 0.83 % on Friday, reaching the highest new level ever at 6,279.35. Bitcoin It was above 109 thousand dollars. Japan Nikki 225 0.56 % decreased this morning. China CSI 300 0.43 % decreased. Stoxx Europe 600 It was flat in early trading.
From the analysts
- Wedbush on Elon Musk’s America: “Simply puts musk deeper into politics, and now he is trying to face the Bilatai Foundation is the exact opposite direction that investors/shareholders in Tesla want to take it during this decisive period of the story of Tesla … Ives et al.
- UBS on Trump’s tariff dates constantly: “The additional taxes of the United States of America, Trump, which has been intending to impose on American consumers since Wednesday, will be delayed until August 1. This means that, while allowing some storage before Christmas, consumers may not face high inflation from these taxes until January next year – although Trump is not declining again,” according to Paul Donovan.
- The total economy in the Pantheon in the job market: “Special salaries in June rose to only 23,000, reviews will reveal a weaker image.
About water armed
SouthWest CEO says he picks up garbage, offers snacks on flying, and shares advice from the founder of the legendary airline. Written by Jason
Starbucks is a pioneer in the “Future Café” with comfortable chairs and sofas with its CEO pushed it Written by Marco Kerez-Guterres
The CEO of one of the largest office maintenance companies in America says that employers change their spaces in 4 main roads Written by Brett Morse
While Trump is pushing Apple to make iPhone in the United States, Google’s voltage is offered to build smartphones in Texas 12 years ago important lessons By Verne Kopytoff
Daily Executive Director is collected and edited by Joey Abrams and Jim Edwards.
Don’t miss more hot News like this! Click here to discover the latest in Business news!
2025-07-07 09:04:00
