Latest News

EU partially approves €51.5m recovery funds for Malta amid pending tax reform

EU partially approves €51.5m recovery funds for Malta amid pending tax reform EU partially approves €51.5m recovery funds for Malta amid pending tax reform
  The European Commission has given partial approval to Malta’s fourth request for funding under the Recovery and Resilience Facility...
Read More...

Cyprus sets EU agenda: from digital safety to defence and gender equality

Cyprus sets EU agenda: from digital safety to defence and gender equality Cyprus sets EU agenda: from digital safety to defence and gender equality
  The Cyprus Presidency of the Council of the European Union has outlined an ambitious policy roadmap to lawmakers in the European Parliament,...
Read More...

EU forests are growing faster than they’re cut, new data shows

EU forests are growing faster than they’re cut, new data shows EU forests are growing faster than they’re cut, new data shows
  Forests across the European Union are expanding at a pace that outstrips timber harvesting, offering a positive signal for sustainable...
Read More...

EU summit deadlock: Orbán blocks €90 billion Ukraine loan amid pipeline dispute

EU summit deadlock: Orbán blocks €90 billion Ukraine loan amid pipeline dispute EU summit deadlock: Orbán blocks €90 billion Ukraine loan amid pipeline dispute
  Tensions flared at a European Union summit in Brussels as Viktor Orbán held firm in opposing a proposed €90 billion financial package...
Read More...

Europe’s transport hotspots: where motorways and railways are most dense in 2024

Europe’s transport hotspots: where motorways and railways are most dense in 2024 Europe’s transport hotspots: where motorways and railways are most dense in 2024
  Across the European Union, transport infrastructure tells a clear story about economic activity, population density, and regional importance....
Read More...

EU Parliament backs lowering tariffs on US goods with safeguards against unfair trade

EU Parliament backs lowering tariffs on US goods with safeguards against unfair trade EU Parliament backs lowering tariffs on US goods with safeguards against unfair trade
The European Parliament’s International Trade Committee has approved key measures to reduce tariffs on US agricultural and industrial products,...
Read More...

Online learning surges across Europe in 2025 as digital education becomes mainstream

Online learning surges across Europe in 2025 as digital education becomes mainstream Online learning surges across Europe in 2025 as digital education becomes mainstream
Online education continues its steady rise across the European Union, with more people than ever turning to digital platforms to expand their...
Read More...

Europe nears renewable milestone as green energy supplies nearly half of electricity in 2025

Europe nears renewable milestone as green energy supplies nearly half of electricity in 2025 Europe nears renewable milestone as green energy supplies nearly half of electricity in 2025
  Renewable energy is steadily reshaping Europe’s power landscape, with nearly half of the European Union’s electricity now coming...
Read More...

EU lawmakers push for sustainable tourism strategy to ease overtourism and boost emerging destinations

EU lawmakers push for sustainable tourism strategy to ease overtourism and boost emerging destinations EU lawmakers push for sustainable tourism strategy to ease overtourism and boost emerging destinations
  European lawmakers are calling for a major shift in how tourism is managed across the EU, urging smarter strategies to tackle overcrowding...
Read More...

Must Read

Most Popular Stories

VIDEO AND audio news:

Features, views, analysis

business

Latest News

EU partially approves €51.5m recovery funds for Malta amid pending tax reform

EU partially approves €51.5m recovery funds for Malta amid pending tax reform EU partially approves €51.5m recovery funds for Malta amid pending tax reform
  The European Commission has given partial approval to Malta’s fourth request for funding under the Recovery and Resilience Facility...
Read More...

Cyprus sets EU agenda: from digital safety to defence and gender equality

Cyprus sets EU agenda: from digital safety to defence and gender equality Cyprus sets EU agenda: from digital safety to defence and gender equality
  The Cyprus Presidency of the Council of the European Union has outlined an ambitious policy roadmap to lawmakers in the European Parliament,...
Read More...

EU forests are growing faster than they’re cut, new data shows

EU forests are growing faster than they’re cut, new data shows EU forests are growing faster than they’re cut, new data shows
  Forests across the European Union are expanding at a pace that outstrips timber harvesting, offering a positive signal for sustainable...
Read More...

EU summit deadlock: Orbán blocks €90 billion Ukraine loan amid pipeline dispute

EU summit deadlock: Orbán blocks €90 billion Ukraine loan amid pipeline dispute EU summit deadlock: Orbán blocks €90 billion Ukraine loan amid pipeline dispute
  Tensions flared at a European Union summit in Brussels as Viktor Orbán held firm in opposing a proposed €90 billion financial package...
Read More...

Europe’s transport hotspots: where motorways and railways are most dense in 2024

Europe’s transport hotspots: where motorways and railways are most dense in 2024 Europe’s transport hotspots: where motorways and railways are most dense in 2024
  Across the European Union, transport infrastructure tells a clear story about economic activity, population density, and regional importance....
Read More...

EU Parliament backs lowering tariffs on US goods with safeguards against unfair trade

EU Parliament backs lowering tariffs on US goods with safeguards against unfair trade EU Parliament backs lowering tariffs on US goods with safeguards against unfair trade
The European Parliament’s International Trade Committee has approved key measures to reduce tariffs on US agricultural and industrial products,...
Read More...

Online learning surges across Europe in 2025 as digital education becomes mainstream

Online learning surges across Europe in 2025 as digital education becomes mainstream Online learning surges across Europe in 2025 as digital education becomes mainstream
Online education continues its steady rise across the European Union, with more people than ever turning to digital platforms to expand their...
Read More...

Europe nears renewable milestone as green energy supplies nearly half of electricity in 2025

Europe nears renewable milestone as green energy supplies nearly half of electricity in 2025 Europe nears renewable milestone as green energy supplies nearly half of electricity in 2025
  Renewable energy is steadily reshaping Europe’s power landscape, with nearly half of the European Union’s electricity now coming...
Read More...

EU lawmakers push for sustainable tourism strategy to ease overtourism and boost emerging destinations

EU lawmakers push for sustainable tourism strategy to ease overtourism and boost emerging destinations EU lawmakers push for sustainable tourism strategy to ease overtourism and boost emerging destinations
  European lawmakers are calling for a major shift in how tourism is managed across the EU, urging smarter strategies to tackle overcrowding...
Read More...

Must Read

Most Popular Stories

It's not often German big business openly dabbles in politics, but many companies are urging their employees to reject eurosceptics and right-wing populists in May 26 European

Parliament elections.

From Volkswagen to Eon and Thyssenkrupp, Germany's corporate titans have become unusually engaged in defence of an open Europe, a position that is in their own strategic interest.

"Vote for Europe on 26.5. -- it's about freedom, it's about prosperity, it's about our Europe," read a huge poster in downtown Munich unveiled Monday by Bavarian industry federation VBW.

It was the latest such initiative after the VCI chemical industry association recently launched a "Ja zu Europa" ("Yes to Europe") campaign.

Alarmed by projections that see the far-right garnering at least one in five votes in the polls, the head of the German Employers' Confederation, "boss of bosses" Ingo Kramer, in February warned of the "serious" threat extremist forces pose to the European project.

"I ask all German companies to clearly show their colours," he wrote, cautioning that "anti-Europeans from the left and the right" could end up obstructing the European Parliament.

Hubertus Bardt, head of the IW economic research institute, said that "never before have I seen so many companies publicly call for people to go and vote".

"Businesses are realising the importance of European integration," he told AFP.

- Open markets, free trade -

Most of the initiatives have come from large export-driven corporations that "are among the biggest beneficiaries of the European single market," said Alexander Kritikos from the German Institute for Economic Research (DIW).

The rest of the European Union accounted for 780 billion euros ($870 billion) worth of German exports last year, its biggest market.

"Developments such as Brexit, increasing populism, euroscepticism and nationalism pose an enormous economic risk, especially for companies of this size," said Andrea Roemmele of the Hertie School of Governance.

She said big business profits from the European single market and favours a strong EU that can assert economic interests on the world stage, while "nationalist efforts, such as those we see in the USA under President Trump, mean declining revenues".

Among other German business players, the Central Association of German Trade has published a "Yes to Europe" leaflet, while Ruhr industrial region giants Thyssenkrupp, RWE, Eon and Evonik will also encourage their employees to vote. 

Thyssenkrupp boss Guido Kerkhoff told local media last month that "we need to better explain why we need open markets and free trade to succeed, not a withdrawal into our national shells".

Volkswagen will also issue a "clear call for a vote", its human resources chief Gunnar Kilian said earlier this year, stressing that "for European unity, for our common values, for peaceful cooperation ... our democracy needs every voice".

- Brand image boost -

Kritikos said the Brexit drama had driven home the point in the remaining 27 EU states that "it would be fatal for businesses if the single market were to break up".

Beyond the issue of maintaining open trade, a company taking a clear political stance can also boost its image as a responsible corporate citizen, experts say.

In another initiative, around 50 family-run enterprises recently launched a campaign against racism and xenophobia called "Made in Germany - Made by Diversity".

"Consumers are becoming increasingly critical and are consuming not only according to economic but also social and political criteria," said Roemmele.

Citizens with pro-European views, she added, "tend to be well educated and have strong purchasing power".

On the other hand, such campaigns can further alienate those employees already drawn to far-right ideas, as populist political groups are seeking influence in works councils, particularly among several car manufacturers. 

"Companies must be careful not to fuel partisan conflicts in their factories," warned Bardt.

He pointed out that the corporate initiatives do not tend to mention any of the far-right parties by name, and said that the best way to combat extremist parties is high voter turnout. AFP

deneme