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The French government has introduced a stringent budget plan for 2025, targeting a deficit reduction through significant public spending cuts and tax hikes. Aiming to save 60 billion euros, the plan includes 2,200 job cuts predominantly in education and substantial reductions in the Ministry of Sports, justified by the end of the Olympic Games. In a bid to mitigate the financial crunch, the plan proposes "exceptional and temporary" tax increases on the wealthy and large corporations. Furtherm..

Recent evaluations by the European Court of Auditors have raised significant concerns about the European Union's defense program budget. Following Russia's invasion of Ukraine, the Defense Industry Program was introduced as a temporary measure until a more substantial budget increase is established in March 2024. However, auditors warn that the current financial allocations are inadequate to meet the program's ambitious goals. The success of this initiative relies heavily on the willingness of..

In a decisive referendum, Swiss voters have rejected the Biodiversity Initiative aimed at enhancing conservation efforts. Only 37% supported the measure, with no majority in any canton. Environmental advocates had pushed for better species protection, but the initiative faced strong opposition from farmers and other stakeholders. Opponents argued that the proposal would hinder energy and food production and restrict the construction of new railway lines through protected areas. Currently, Swit..

Meyer Burger, the Swiss photovoltaic manufacturer, has announced a significant reduction in its European workforce. The company plans to cut its global staff from around 1,050 to approximately 850 by the end of 2025. This reduction will disproportionately affect Europe, as Meyer Burger simultaneously expands its production capacity in the United States. The announcement coincides with a leadership shake-up: CEO Gunter Erfurt is stepping down, to be replaced by Frank Richter, who brings extensive..

The port of Zeebrugge in Belgium currently faces a significant backlog of Chinese electric vehicles due to a combination of oversupply and high tariffs imposed by the European Union. Anne Degrauw oversees the processing center, which has seen an influx of vehicles, with reports indicating that up to three million cars are handled annually. Despite advancements in technology, the demand in Europe remains weak, resulting in many vehicles remaining unsold. François Simonart, a sales manager at I..