The transition towards the circular economy is one of the objectives of China and the European Union, regions that have decided to reinforce their efforts in this area with a memorandum of understanding.

A joint roadmap will allow China and the EU to delve into the treatment of plastics, “the value chains of batteries and remanufacturing,” according to the Community Executive in a statement.

Likewise, joint action is oriented towards the global challenge represented by the circular economy, with “important changes in all countries of the world”, according to the European Commissioner for the Environment, Oceans and Fisheries, Virginijus Sinkevicius.

In his opinion, the roadmap will allow progress towards the creation of new opportunities for “more sustainable production and consumption.”

Both blocks will meet in May to hold a workshop on the circular economy and plastics. And the rest of the year there will be other meetings to address the battery and remanufacturing value chains.

M.Pino

Source: swissinfo

(Reference image source: Unsplash+, in collaboration with Getty Images)

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In a strategic move, former Swiss bank Credit Suisse confirmed the departure of Francesca McDonagh, its chief operating officer, in an announcement last Monday. This decision is part of the gradual process that will lead to the disappearance of the Credit Suisse brand before 2025, while it is integrated with UBS.

Francesca McDonagh, who previously served as CEO of Bank of Ireland from 2017 to 2022, took over in September 2022 as Credit Suisse embarked on a reform plan that ultimately failed to stabilize the bank. UBS urgently acquired Credit Suisse in May this year to avoid bankruptcy.

Other key positions at Credit Suisse remain unchanged so far, including André Helfenstein as CEO of the bank’s Swiss division and Simone Westerfeld as head of private clients, Swiss economic agency AWP reported.

As for the investment banking business in Switzerland, it will be led by two executives: Jens Haas, from Credit Suisse, and Martin Kesselring from UBS.

UBS anticipated at the end of August that the integration of Credit Suisse into its structure would lead to the loss of 3,000 jobs in Switzerland, of which a thousand would be affected in the short term and the remaining 2,000 in the coming years.

K. Tovar

Source: Bancaynegocios

(Reference image source: Ian Taylor, Unsplash)

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The European Commission has adopted new rules to put its software in open source, which will allow them to be publicly accessible when they represent a benefit for citizens, companies and public services.

This decision follows a study commissioned by Brussels that showed that investment in open source software generates a return four times higher. The initiative seeks that these software improve the digital processes of companies and public services and in this way the Commission helps the technological transition that it wants to promote in Europe.

The Community Executive will make its software available to citizens in open source in a single repository to facilitate access and reuse. Before switching to open source, each piece of software will be scrutinized for security, confidentiality, or intellectual property violations.

Open source software impacts security

The Commission services will thus be able to publish the source code of the software they use in less time and with less paperwork, something that has been applauded by the Budget Commissioner, Johannes Hahn, who has pointed out that this type of software has “great advantages” and has indicated that this is a field in which the EU can play a leading role.

“The new rules increase transparency and help the Commission, as well as citizens and companies in Europe, to benefit from the development of open software,” said the Austrian commissioner.

In this sense, he has defended that pooling efforts to improve the software also brings mutual benefit since Brussels will have access to improvements made by other developers. “This can also improve security, as external and independent specialists check the software for bugs and security flaws,” Hahn said.

Source: dpa

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The European Commission published the new strategy on sustainable finance, which includes a series of initiatives to face climate change and some environmental challenges, increasing investment and inclusion of small and medium-sized companies in the transition to a sustainable economy.

According to what was expressed by the Vice-President of the Commission, Valdis Dombrovskis, the financial strategy is “key to generating private financing in order to achieve our climate objectives and face other environmental challenges.” The European Union requires about 350,000 million euros per year between 2021 and 2030 in additional investments in order to achieve the 2030 climate goal.

Sustainable finance

The EU wants sustainability to be the main factor in the post-Covid-19 economic recovery and the financial sector can contribute to achieving the goals of the Green Deal.

Among the strategys they are proposing to expand the current funding toolbox to facilitate access to transition funding. Second, increase the insertion of SMEs and consumers.

Other measures include building the resilience of the economic and financial system to sustainability risks, extending the financial sector’s contribution to sustainability and ensuring the integrity of the EU financial system and monitoring its transition to sustainability.

Finally, they highlight the decision to promote international initiatives and standards in the field of sustainable finance, in addition to supporting EU partner countries. The Commission will also report on the implementation of the Strategy by the end of 2023 and will actively support Member States in their sustainable finance efforts.

M. Rodríguez

source: socialinvestor.es

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Pence has not publicly referred to the idea of ​​resorting to a mechanism never used in the history of the United States, although the newspaper quotes a person close to the vice president who confirmed his refusal.

Trump’s impeachment calls multiplied after his followers, whom the president had inflamed shortly before, invaded and closed Congress as he prepared to certify the electoral victory of Democrat Joe Biden.

Democrats called for the measure to be taken despite the Republican’s only 13 days left in office.

“This is an emergency of the greatest magnitude”, said the Democratic Speaker of the House of Representatives, Nancy Pelosi.

“By inciting sedition, as he did on Wednesday, he must be removed from office.”

The Times said Pence’s position is backed by several cabinet members, whose support he needs if he appeals the 25th amendment.

The newspaper added that those officials “see the effort as something that will add to the current chaos in Washington rather than stop it.”

Meanwhile, Democrats in the House of Representatives warned that if the amendment is not invoked, they will then initiate another impeachment process against President Trump.

G. Febres

With information from international media, AFP and other agencies

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