The European Council has reached a significant milestone by officially adopting the 'net-zero industry act', solidifying a framework of measures aimed at fortifying Europe's net-zero technology manufacturing ecosystem. This legislation, hailed as a pivotal step towards Europe's climate goals, represents the culmination of an extensive decision-making process.
Sentiment among German companies has shown a marked improvement, as evidenced by the latest ifo Business Climate Index. The index rose to 89.4 points in April 2024, up from 87.9 points in March 2024, marking the third consecutive increase. This upward trend indicates growing optimism within the German economy, as companies report greater satisfaction with their current business conditions and a more positive outlook for the future.
Supported by the European Commission, the Stitch Together project emerges as a beacon of hope for the European textiles and clothing industry. In collaboration with EURATEX and industriAll Europe, this ambitious initiative sets out on a two-year journey to promote social partnerships across the continent.
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