The US defence industrial base can no longer reliably supply Europe

The United States under the outgoing Biden administration has supported the transatlantic relationship, both through NATO and by providing support to Ukraine. At the same
Finance for nature: how to improve funding for the protection of biodiversity

The economics of biodiversity are still little understood and the loss of nature, which provides pollination, clean water and other ecosystem services, is often considered
Carbon leakage through firms’ supply chain adaptation

By increasing the cost of using fossil fuels, carbon taxes should incentivise substitution toward cleaner energy. In practice, firms may shift production and emissions across
Heterogeneous firm upgrading and energy intensity

Energy intensity and efficiency are at the core of the green transition. Using a new firm-level complexity index, this column shows that product upgrading and
Italy demands full disclosure from UniCredit over BPM bid, sources say

Italy wants UniCredit to disclose full terms of its proposed takeover of smaller rival Banco BPM under “golden power” rules EU governments can use to screen investments
Starbucks largely loses appeal over baristas’ firing in NLRB case

A federal appeals court on Friday largely rejected Starbucks appeal of a National Labor Relations Board finding the coffee chain illegally fired two Philadelphia baristas
Wall St finishes down after sell-off at end of strong holiday-shortened week

Wall Street’s holiday cheer ended abruptly on Friday, with all three main benchmarks closing lower in a broad-based sell-off affecting even tech and growth stocks
China to cut import tariffs on some recycled copper and aluminium raw materials

China will reduce import tariffs on ethane and certain recycled copper and aluminium raw materials from next year, the government said on Saturday. The Ministry
Bezos’ Blue Origin gets FAA license for its first New Glenn rocket launch

The Federal Aviation Administration said on Friday that it has issued a commercial space launch license for Blue Origin’s — Jeff Bezos’ rocket company —
Stocks drop in thin year-end trade amid tax selling, profit taking

Tech and growth stocks dragged Wall Street’s main indexes lower on Friday, at the end of an upbeat holiday-shortened week that was driven by expectations

