EU leaders gather at Antwerp for industry summit
Several European Union leaders, including German Chancellor, Friedrich Merz, and French President, Emmanuel Macron, are travelling to Belgian port city of Antwerp to outline proposals aimed at strengthening Europe’s struggling competitiveness.
The European Industry Summit on Wednesday is expected to bring together around 400 representatives from a range of sectors.
European Commission President, Ursula von der Leyen, and Dutch Prime Minister Dick Schoof are also due to attend.
European economies have been under pressure from intense competition, particularly from China and the U.S., as well as from high energy costs and what many businesses describe as excessive bureaucracy.
Merz and von der Leyen have advocated cutting red tape, with the European Commission proposing amendments to existing EU legislation to reduce administrative burdens and ease reporting requirements for companies.
Macron, however, has backed measures that would prioritise European firms in certain strategic sectors and has supported the idea of joint EU borrowing to finance increased investment.
The industry summit is to be followed on Thursday by a European Union summit focused on addressing the bloc’s broader economic challenges.
(dpa/NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
NationWide
Umahi seeks NASS support for funding of N7 trillion NNPCl road projects nationwide
He said the request followed presidential approval for NNPCL to withdraw funding from the road projects.
NationWide
Electoral Bill: Dickson urges conference committee to back Reps’ version
The Senate had on Tuesday rescinded its earlier decision on the Electoral Act amendment.
NationWide
Reps committee decries poor funding of auditor-general’s office
He cautioned that persistent underfunding of the nation’s supreme audit institution could further entrench corruption.
NationWide
NSE tasks engineers on sustainable practices
Mr Busari pledged that his administration would focus on key strategic priorities.
States
Owo Church Attack: Amotekun operative tells court how suspected terrorists fled into bush after shooting
At least, 40 worshippers were killed and over 100 persons sustained varying degree of injuries
States
NDLEA urges tertiary institutions in Kano to adopt drug prevention policies
He described tertiary institutions as critical platforms for shaping values.
