Are we really one step closer to the Capital Markets Union?

Are we really one step closer to the Capital Markets Union?

The European Commission continues to show a lack of ambition when it comes to constructing a Capital Markets Union, writes Isabel Benjumea. Isabel Benjumea is a Spanish MEP for the European People’s Party and rapporteur on the Capital Markets Union. The health crisis unleashed by COVID-19 has created a worldwide social and economic crisis, and we are scarcely beginning to become aware of its devastating effects in Europe. Small and medium businesses and small savers are being hit the hardest, and hence all recovery efforts must be focused on them….

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Unions warns: Unemployment will double unless emergency measures are taken

Unions warns: Unemployment will double unless emergency measures are taken

EU jobless figure could double and reach 30 million people unless governments prolong their support measures to respond to the COVID-19 pandemic, unions warned EU governments in a letter seen by EURACTIV. There are currently 15.6 million people unemployed in the EU, with 1.7 million more since the start of the COVID crisis in March. According to the European Trade Union Confederation (ETUC)’s latest research, based on information gathered from national affiliates, this figure could increase by 14 million if national governments opt for a sudden withdraw of the emergency…

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Experts believe the EU should pay more attention to climate diplomacy in Southeast Asia

Experts believe the EU should pay more attention to climate diplomacy in Southeast Asia

As the EU’s climate goals become increasingly ambitious, it should engage more proactively with Southeast Asian countries (ASEAN) to reassure them that the bloc’s green targets are not trade protectionism in disguise and ensure a sustainable COVID recovery globally. “We have a green interest in ASEAN,” EU ambassador to ASEAN Igor Driesmans told a recent event. The Association of Southeast Asian Nations (ASEAN) consists of Singapore, Brunei, Malaysia, Thailand, Philippnes, Indonesia, Vietnam, Laos, Myanmar and Cambodia. “We all know ASEAN is growing very rapidly economically and demographically but also in…

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Early voting has exceeded 70 million, Trump questioned the vote count delayed

Early voting has exceeded 70 million, Trump questioned the vote count delayed

Republican President Donald Trump questioned the integrity of the US election again on Tuesday (27 October), saying it would be “inappropriate” to take extra time to count the tens of millions of ballots cast by mail in his race against Democrat Joe Biden. While Trump, who trails in national opinion polls, cast doubt on mail-in votes, Biden offered a message of unity in two rallies in the state of Georgia as part of a foray into traditional Republican territory with a week left to go before Election Day on 3…

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Startups are calling for “proactive measures” to screen content under the Digital Services Act

Startups are calling for “proactive measures” to screen content under the Digital Services Act

EU policymakers should put forward provisions as part of the forthcoming Digital Services Act that would permit platforms to screen uploaded content for both illegal and harmful content, a paper published by an international startup association has said. Such “proactive measures” could help provide a certain level of “legal certainty” for tech firms, according to the paper, published on Tuesday (27 October) by Oxera consulting for the trade lobby group Allied for Startups. The Digital Services Act (DSA) is the EU’s ambitious plan to regulate online services and will cover…

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The focus of air quality in aircraft and viral transport risks

The focus of air quality in aircraft and viral transport risks

Air quality on flights is due to improve if the European Union agrees to back new safety standards. The fresh push for cleaner air comes as transport companies struggle to convince passengers their services are low risk in the ongoing spread of the coronavirus. New standards developed by the European Committee on Standardisation (CEN) over the course of the last five years aim to prevent plane passengers from being exposed to engine oil and hydraulic fumes during flight. A majority of aircraft compress air in their engines and then pump…

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Europe needs systemic change to match the Green Deal, says EU head

Europe needs systemic change to match the Green Deal, says EU head

Europe needs a “systematic approach” to meet the climate targets in the Green Deal and create a “fair and prosperous society”, said European Commission President Ursula von der Leyen, in the foreword of a new report on how to achieve the new goals. “Europe has the potential to emerge from the current crisis to become a fairer, more prosperous, more sustainable and more resilient society,” von der Leyen wrote, adding that the green and digital transitions “will shape the social, economic, and ecological architecture of the continent for decades to…

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Portugal to invest 43 billion euros in major infrastructure by 2030

Portugal to invest 43 billion euros in major infrastructure by 2030

Portugal’s prime minister announced €43 billion of public infrastructure investment on Thursday (22 October), including a high-speed rail link between Lisbon and the country’s second largest city, Porto, to be carried out by 2030. Investments will focus on transport and energy, Prime Minister Antonio Costa said, with a total of €21.7 billion earmarked for transport projects and €13 billion directed towards clean energy projects largely centred around hydrogen production. The much-anticipated high-speed rail connection is projected to cost €4.5 billion, with another two billion euros set aside for expansion of…

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EU Bank calls on to slow down millions on German highways

EU Bank calls on to slow down millions on German highways

The European Investment Bank’s decision to loan Germany €264 million to build a new stretch of autobahn has provoked outcry from environmental activists and raised doubts about whether the Luxembourg-based lender can yet claim to be the ‘EU climate bank’. Under a deal finalised in September, the EIB will fund about 20% of the costs to build a 31km-long section of the A49 highway in the state of Hesse, central Germany. The total cost of the project is estimated to be about €1.3 billion. According to the bank, the project…

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Correcting plastic collection is considered vital to the success of chemical recycling

Correcting plastic collection is considered vital to the success of chemical recycling

Two billion people worldwide do not have access to proper waste collection services, leading to ever-growing plastic pollution in oceans and waterways, particularly in the global south. To recycle all plastics by 2040, 500,000 people would need to be connected every day to waste collection services across the world, according to estimates. Collecting used plastic is vital to create a circular economy in the industry and prevent fossil fuels from being used to produce new plastics. In Europe, only a third of post-consumer plastic waste is collected for recycling. 85%…

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