Parts of Europe at Risk of Downward ‘Spiral’ if Older Voters Stymie Reforms, EBRD Warns

Vincenzo Vinzi, the dean of ESSEC, emphasized the responsibility of business schools to prepare future leaders in light of increasing global fragmentation. ESSEC, a prominent global institute of higher education with campuses in Europe, Asia, and Africa, aims to address the challenges posed by a divided world.

The European Bank for Reconstruction and Development (EBRD) has highlighted the potential economic risks posed by ageing populations, describing them as a 'ticking time bomb' for GDP growth. This warning underscores the urgent need for reforms to address the challenges associated with an increasing number of older individuals in the workforce and society.

The UK government has announced plans to extend the Soft Drinks Industry Levy by lowering the sugar threshold from 5g to 4.5g per 100ml, which will now include bottled milkshakes and pre-packaged lattes. This move aims to combat rising obesity rates and improve public health by discouraging high-sugar beverages.

Marissa Adams, HSBC's Regional Head of Global Trade Solutions for Europe and Americas, expressed optimism regarding the growth of international trade among US companies during an interview with Bloomberg. She highlighted that US corporates are more positive about trade prospects compared to their global counterparts, indicating a potential shift in trade dynamics.

The US Commerce Secretary has urged Europe to reconsider its regulations on big tech companies as a condition for reducing US tariffs on steel exports. This statement highlights the ongoing negotiations between the US and Europe regarding trade policies and tariffs.