EU to use ‘every tool’ against US tariffs, trade chief warns
EU to use ‘every tool’ against US tariffs, trade chief warns

The European Union is ready to deploy every tool at its disposal to shield its market from the effects of new US tariffs, Trade Commissioner Maros Sefcovic has warned. This comes after US President Donald Trump announced tariffs ranging from 10% to 50% on imports from countries accused of unfair...

Small firms, AI lead Europe’s 2024 patent activity, EPO reports
Small firms, AI lead Europe’s 2024 patent activity, EPO reports

The European Patent Office (EPO) received 199,264 patent applications in 2024, according to the Patent Index published on Sunday, marking only a 0.1% dip from the previous year and signaling strong innovation resilience amid global economic challenges, according to an EPO statement. Applications...

Study warns 4°C warming could slash global GDP by 40% by 2100
Study warns 4°C warming could slash global GDP by 40% by 2100

A new study from the University of New South Wales (UNSW) has warned that global GDP could shrink by 40% by 2100 if temperatures rise by 4C, a far worse scenario than previous estimates suggesting an 11% decline, reports Xinhua. The research, conducted by UNSWs Institute for Climate Risk...