EU Unveils Competitive Strategy to Rival U.S. and China

Reported 1 day ago

The European Commission has outlined its plans to revitalize industrial competitiveness within the EU by targeting advancements in areas like AI while reducing energy costs and bureaucracy. The 'Competitive Compass' includes a multi-year Clean Industrial Deal to assist energy-intensive sectors in decarbonizing and promoting clean technology, along with measures to simplify business reporting. The proposed roadmap aims to strengthen European businesses through coordinated public procurement and infrastructure investment efforts, all while addressing pressures from various stakeholders to adjust recent climate legislations.

Source: YAHOO

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