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EU Reaches Agreement on Spending Rules: Boosting Investment with Fiscal Discipline | International Business News – Times of India

EU Reaches Agreement on Spending Rules: Boosting Investment with Fiscal Discipline | International Business News – Times of India

Early on Saturday, the European Parliament and member states finalized negotiations on updates to the EU’s budget rules, aiming to enhance investment while maintaining fiscal discipline.The agreement updates the Stability and Growth Pact established in the late 1990s, which sets limits on national debt at 60% of GDP and public deficits at three percent.“Deal!,” announced...

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Xi Jinping Is Done With the Established World Order

Xi Jinping Is Done With the Established World Order

The world’s most powerful leaders gathered in New Delhi for the year’s premier diplomatic event—the G20 summit—but China’s Xi Jinping deemed it not worth his time. His absence sends a stark signal: China is done with the established world order. Ditching the summit marks a dramatic turn in China’s foreign policy. For the past several...

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Brussels Regulatory Brief: May 2023

Brussels Regulatory Brief: May 2023

ANTITRUST AND COMPETITION New Dawn Raids in the Luxury and Fashion Sector in the European Union On 18 April 2023, the European Commission (Commission) conducted unannounced inspections (i.e., dawn raids) at the premises of companies active in the fashion and luxury sector in a number of EU member states including Italy. The Commission officials were...