Analysis-Choppy waters as Europe navigates China-US rivalry
- At a World Trade Organization event in September, former British prime minister Gordon Brown voiced out loud the fear that has quietly started to echo in the halls of power across Europe.
Nowhere is it more pressing than for Europe, whose wealth has always relied on trade, from its rapacious colonial history through to its reinvention as self-styled champion of WTO rules. "Europe's clear belief in holding to WTO principles in a world where the other two big powers don't really hold to them limits, in some ways, its opportunities for cooperation with the United States," Brad Setser, a trade veteran who has advised the Biden administration, told a Brussels audience last month.
Europe's leaders meet in Spain later this week to start sketching out an economic security plan to address the region's vulnerabilities, with a goal of reaching agreement by year-end.On the one hand, countries must agree which technologies should be subject to stronger export controls and screening of outbound investments, in some cases weighing security interests against national commercial benefits.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla Rules In Europe, Volkswagen Climbing — Europe EV Sales ReportSign up for daily news updates from CleanTechnica on email. Or follow us on Google News! Tesla continues to be the best selling brand in Europe, but the Volkswagen brand continues to recover. Approximately 270,000 plugin vehicles were registered in August in Europe, +68% year over year (YoY). That’s the market’s highest growth rate since […]
Read more »
How Meta and Apple are navigating uncertain terrain in Europe and ChinaClub holdings Meta Platforms and Apple made headlines Tuesday, and the reports suggest both tech giants are adapting to complicated operating environments.
Read more »
Stocks off to a choppy start this week, as bond yields push higherThe Investing Club holds its Morning Meeting every weekday at 10:20 a.m. ET.
Read more »
Instant analysis: Undefeated 49ers top Cardinals behind McCaffrey, PurdyThe 49ers are 4-0 for the fifth time in franchise history, with their latest win coming Sunday against the Arizona Cardinals at Levi’s Stadium.
Read more »
USD/MXN Price Analysis: Trades with mild negative bias, dip-buying should help limit deeper lossesThe USD/MXN pair attracts some sellers near the 17.4420 area during the Asian session and trades with a mild negative bias for the third successive da
Read more »
EUR/USD Price Analysis: Not out of the woods yet, remains vulnerable to slide furtherThe EUR/USD pair struggles to gain any meaningful traction on the first day of a new week and oscillates in a narrow trading band, just above mid-1.05
Read more »