Wednesday, 5 October 2011
Tuesday, 4 October 2011
Trichet Advocates New European Executive
Speaking at the European Parliament today, Jean Claude Trichet, President of the European Central Bank, said he expects the European Union to establish a new executive.
Asserting democratic legitimacy as the underpinning principle of a future executive, Trichet, describing a future executive, emphasised his belief that it must include a finance ministry with strong fiscal surveillance and guardianship roles.
In one of his last appearances before Parliament, Trichet said the European Parliament is the "heart of the living democracy in Europe. We at the ECB are the guardians of the currency of our fellow citizens"
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Asserting democratic legitimacy as the underpinning principle of a future executive, Trichet, describing a future executive, emphasised his belief that it must include a finance ministry with strong fiscal surveillance and guardianship roles.
In one of his last appearances before Parliament, Trichet said the European Parliament is the "heart of the living democracy in Europe. We at the ECB are the guardians of the currency of our fellow citizens"
Read More...
Europontex Launches Social Energy Solutions
Lisbon, Portugal. Europontex, the global construction supplier, is launching Social Energy Solutions, an innovative enterprise designed to offer off-grid energy production for isolated communities.
Europontex CEO, Fernando Azevedo, stated: “Social Energy Solutions will focus on energy production for isolated communities; in addition we are providing pre-fabricated housing for government social project, especially for disaster relief and refugee emergencies."
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Friday, 16 September 2011
US Patent Law - Biggest Shift In A Generation
The most comprehensive reform of US patent law for a generation is due to take effect today, when the America Invents Act is made law. The changes bring US law into greater conformity with the laws in the rest of the industrialised world, according to Withers & Rogers. Among the key legislative changes, US patent law is adopting the ‘first-inventor-to-file’ rule, which applies in Europe. Until now, any dispute about the ownership of a patent for an invention was decided in favour of the person able to prove that he or she came up with the invention first. This approach led to costly litigation to establish the dates of the invention. Instead, US law will mirror the legal position in Europe, with the right of ownership going to the first person to file a patent application. This change will take effect in 18 months’ time. |
Top 100 Battle for European Business Awards
More than 100 companies have been awarded a ‘Ruban d’Honneur’ prize in the penultimate stage of the European Business Awards, sponsored by HSBC.
Successful companies include Software AG, Harrods, THY DO & CO A.Ş, Repsol, Solairedirect, Companeo, Sheffield Forgemasters, Eurocash and Amadeus IT Group, representing nations across Europe.
Some of Europe’s most dynamic businesses have survived intensive and rigorous judging to make it onto the finalists list. With victory in their sights they now have a chance to be crowned as one of eleven overall category winners in the Awards.
Adrian Tripp, Chief Executive of the European Business Awards, said: “Receiving a Ruban d’Honneur is a major success. It promotes the fact that you’re up there with the best businesses across the European community. This year has been tough on the judging panel as we’re seeing businesses emerge from economic difficulties and come out fighting and delivering some great entries. The mood is confident, ebullient and highly competitive.”
Tuesday, 12 July 2011
Inflation's Killing Optimism - Europe When The Dust Settles
Most of this week's global economic overviews are finally bringing inflation into public view. UK house prices may edge up a little, but the inflationary impact will continue to erode any real gain. The housing market is still subdued because of limited access to finance, especially for first time buyers; the prospect of not making any real gain for 10 years, according to PWC report, is hardly an incentive to invest - even then, the gain is estimated at only a 53% chance. Better to rent and save in a bank if you want to be sure of a return?
In Brazil, consumer demand is pressing inflationary buttons, which risks export capacity and inward foreign investment.
Add a tumultuous European finance system and the risk of hyper-inflation following defaults, and all stoicism takes a tsunami still battering.
When the dust settles, Europe will look more like a nation state, a stronger, more stable federation. The alternative is a constant cycle of doom and bust.
In Brazil, consumer demand is pressing inflationary buttons, which risks export capacity and inward foreign investment.
Add a tumultuous European finance system and the risk of hyper-inflation following defaults, and all stoicism takes a tsunami still battering.
When the dust settles, Europe will look more like a nation state, a stronger, more stable federation. The alternative is a constant cycle of doom and bust.
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