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Big tech companies bring in plenty of traffic for media outlets but take a disproportionate chunk of the earnings. And even when agreements are signed, it’s Big Tech that sets the rules
Nationalising companies is no longer a taboo topic for the European Union's state members. After the 1990s and the beginning of the 21st-century privatisations, the economic crisis of 2008 gave a central role back to State ownership. The COVID-19 outbreak has opened the leading European companies' doors to the public capital.
The number of workers at risk of in-work poverty has increased in 16 countries in the European Union. In response to this, the European Trade Union Confederation is calling for the European Commission’s Minimum Wage directive to prohibit the setting of such wages below the at-risk-of-poverty threshold.
Before the implementation of additional allocations such as the recovery fund, one of the first instruments put in place by the EU was the possibility for states to redirect their own European funds to deal with the Covid-19 crisis. Let's see how this process played out, in Italy and in other countries.
The COVID-19 crisis will lead to a sharp contraction of GDP in all EU member states. From billions for airlines to several hundred euros for small businesses, governments have been supporting their economy in different ways.
As public institutions struggle to implement their plans effectively, private banks are still not pulling their weight. With the slowness and mounting obstacles facing public finances, combined with the unreliability of the private system, how secure is the future of energy transition?
The EU’s vaccine distribution delays could be solved through voluntary collaborations established by pharmaceutical giants. However, civil society and several EU countries are calling for the liberalization of patents, to be able to independently produce doses and ensure vaccine coverage for the largest possible number of people. The second part of Stefano Valentino’s report on the monopolistic practices of pharmaceutical companies.
The United States are spending more money and more rapidly to support their economy than the Europeans are doing. And even if Biden's relief plan will result in higher imports, it is not the eurozone that will benefit the most from it.
A study has revealed the negative impact of e-commerce on employment, counting the number of jobs created and destroyed.
VAT is a regressive tax, putting more burden to the poor than to the rich. Indeed, VAT applies the same rate to everyone regardless of their level of wealth – but the richer you are, the lower the proportion of your revenue goes to consumption. VAT cancels out one-third of the effects of fiscal redistribution.