The US has just lifted its debt ceiling – but what is it?

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Gabi Thesing, Senior Writer, Forum Agenda The US debt ceiling is a self-imposed cap on the amount of money the federal government can borrow to pay its bills.The debt limit frequently needs to be raised as the amount […]

US and German GDP show consumers are central to recovery, and other economy stories you need to read this week

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum./ Author: Gabi Thesing, Senior Writer, Forum Agenda 1. Revised US and German growth data shows consumers hold key to recovery The US economy grew more than previously reported in the first quarter thanks to stronger consumer spending, while revised estimates […]

US parking in the spotlight and other city-focused stories you need to read now

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum./ Author: Lisa Chamberlain, Communication Lead, Urban Transformation, World Economic Forum, Jeff Merritt, Head of Urban Transformation; Member of the Executive Committee, World Economic Forum 1. US cities rethinking parking requirements California US congressman Rep. Robert Garcia has introduced a bill […]

US edges closer to debt default, and other economy stories you need to read this week

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum./ Author: Ian Shine, Senior Writer, Forum Agenda 1. US edging closer to default amid debt ceiling deadlock Political deadlock over raising the United States’ $31.4 trillion debt ceiling is threatening to push the country into an unprecedented default by as […]

President Biden aims to slash US power plant emissions: What you need to know about the global energy transition this week

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Roberto Bocca, Head of Energy and Materials, Member of the Executive Committee , World Economic Forum Geneva 1. Biden looks to slash CO2 emissions from US power plants US President Joe Biden has announced ambitious plans to slash greenhouse […]

US edges closer to debt default, and other economy stories you need to read this week

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum./ Author: Ian Shine, Senior Writer, Forum Agenda 1. US edging closer to default amid debt ceiling deadlock Political deadlock over raising the United States’ $31.4 trillion debt ceiling is threatening to push the country into an unprecedented default by as […]

US banking concerns widen and interest rates climb again, plus other economy stories you need to read this week

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Ian Shine, Senior Writer, Forum Agenda 1. US banking concerns widen as regulators seize First Republic US regulators seized First Republic Bank and sold its assets to JPMorgan Chase this week, in a deal to resolve the largest US […]

US Fed likely to make final interest rate hike in May, and other economy stories you need to read this week

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Gabi Thesing, Senior Writer, Forum Agenda 1. US Fed likely to deliver 25-basis-point interest rate hike then pause for rest of year The US Federal Reserve will deliver a final 25-basis-point interest rate increase in May and then hold […]

The US invests $5 billion in new coronavirus vaccines, plus the other health stories you need to know about

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Shyam Bishen, Head, Shaping the Future of Health and Healthcare, Member of Executive Committee, World Economic Forum 1. The US invests $5 billion to develop new coronavirus vaccines The US government is spending over $5 billion to speed up […]

Competition: EU-US hold third Joint Technology Competition Policy Dialogue

This article is brought to you in association with the European Commission. Today, European Commission Executive Vice-President Margrethe Vestager, US Federal Trade Commission (‘FTC’) Chair Lina Khan and the Assistant Attorney General for Antitrust of the US Department of Justice (‘DOJ’) Jonathan Kanter met in Washington for the third meeting of the EU-US Joint Technology Competition […]

How to fix America’s broken housing market

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Bruce Katz, Director, Nowak Metro Finance Lab, Ben Preis, Research Fellow, Nowak Metro Finance Lab A new report shows that homes bought by investors off-market are, on average, sold for half the value than when listed on the market, […]

US raises interest rates, UBS takes over Credit Suisse, and other economy stories you need to read this week

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Ian Shine, Senior Writer, Forum Agenda 1. US raises interest rates again as it weighs up banking crisis The US Federal Reserve has raised interest rates by a quarter of a percentage point but indicated it is on the […]

The US launches National Cybersecurity Strategy and other cybersecurity news to know this month

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Akshay Joshi, Head of Industry and Partnerships, Centre for Cybersecurity, World Economic Forum 1. Biden announces national cybersecurity strategy The White House has announced a new cybersecurity strategy in the latest effort by the US government to bolster its […]

Statement by President von der Leyen following her meeting with US President Biden

This article is brought to you in association with the European Commission. Good evening, I am just coming from a bilateral meeting with President Biden. It was a very good meeting, very constructive. We discussed a lot of topics. I want to emphasise four different topics here. The first topic we discussed is the Inflation Reduction […]

US interest rate rises may be on the way, China seeks ‘stability’, and other economy stories you need to read this week

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Ian Shine, Senior Writer, Forum Agenda 1. Larger interest rate rises may be on the way, US Fed indicates The US Federal Reserve will likely need to raise interest rates more than expected in response to recent strong economic […]

A record share of US electricity comes from zero-carbon sources – but more work is needed 

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Stefan Ellerbeck, Senior Writer, Forum Agenda Power capacity from clean energy sources comprised a record 40.6% of the US electricity mix in 2022, according to the Business Council for Sustainable Energy.This includes nuclear power, which is not renewable, but […]

Can it be that EU’s Von der Leyen goes to DC to be told how to do her job?

Here we go again, Ursula von der Leyen, EU’s unelected by the people chief is packing her suitcase for Washington this week to be told by the 81 year old US President Biden how to do her job; at least the latter was elected. This time the US spreads rumours about “intelligence” that China is […]

Could 3D printing help solve America’s housing crisis?

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Stefan Ellerbeck, Senior Writer, Formative Content Have you always dreamed of owning a technologically advanced, energy efficient home of the future, at an affordable price? Well that dream could be closer to reality thanks to advances in large-scale 3D-printing […]

Why walkable urban areas are America’s efficient economic engines

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Lisa Chamberlain, Communication Lead, Urban Transformation, World Economic Forum Rankings always generate headlines and controversy: the 100 greatest books of all time, the best living athletes, the most significant historical events, etc. So, it’s no surprise that the recent […]

Cooling the planet: US researchers develop new climate-friendly method of cooling

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Gabi Thesing, Senior Writer, Formative Content The planet is getting hotter and our fridges and air conditioning units are turning up the heat. Direct and indirect greenhouse gas emissions from cooling equipment – to keep humans safe, food and […]

Teenage mental health crisis in the US, plus other health stories you need to read this week

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Shyam Bishen, Head, Shaping the Future of Health and Healthcare, Member of Executive Committee, World Economic Forum 1. Survey reveals mental health crisis among teenage girls in US Nearly three in five high-school girls in the US reported feeling […]

Solar to dominate US energy mix in 2023. Here’s what you need to know about the global energy transition this week

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Roberto Bocca, Head of Shaping the Future of Energy and Materials; Member of the Executive Committee, World Economic Forum, Stefan Ellerbeck, Senior Writer, Formative Content 1. News in brief: Energy stories from around the world South African President Cyril […]

This is why we can’t dismiss water scarcity in the US

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: James Rees, Chief Impact Officer, Botanical Water Technologies The United Nations Water Conference will be held in New York in March this year and is the first UN meeting solely about water since 1977. Water is a fundamental human […]

This is how many animals in the US are at risk of extinction, and the other climate crisis stories you need to read this week

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Stefan Ellerbeck, Senior Writer, Formative Content 1. News in brief: Top climate crisis stories to read this week A leading conservation research group says that 40% of animals and 34% of plants in the United States are at risk […]

The Great Resignation continues. Why are US workers continuing to quit their jobs?

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Stefan Ellerbeck, Senior Writer, Formative Content If you’ve quit your job in the last year or two, then you’re part of what’s become known as the Great Resignation. It’s the term coined in 2021 to describe the record number […]

The US is to become the world’s top LNG exporter – and other stories about the global energy crisis this week

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Roberto Bocca, Head of Shaping the Future of Energy and Materials; Member of the Executive Committee, World Economic Forum, Stefan Ellerbeck, Senior Writer, Formative Content 1. News in brief: Energy stories from around the world The United States is […]

What the US’ wasted truck space taught me about profitable sustainability

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Oren Zaslansky, Founder and Chief Executive Officer, Flock Freight Business objectives beyond shareholder value—commonly packaged as ESG goals— typically elicit something between healthy skepticism and outright cynicism in C-Suites. As companies weigh their response and responsibility to the climate […]

EU welcomes access to US subsidy scheme for commercial vehicles

This article is brought to you in association with the European Commission. New guidance issued today by the US reaffirms that EU companies can benefit from the Commercial Clean Vehicle Credit scheme under the US Inflation Reduction Act. The EU welcomes this guidance, which reflects the constructive engagement as part of the EU-US Inflation Reduction Act […]

Joint EU-US statement following the EU-US Justice and Home Affairs Ministerial meeting

This article is brought to you in association with the European Commission. 1. On 15 December 2022, the United States hosted the EU-U.S. Ministerial Meeting on Justice and Home Affairs at Department of Homeland Security Headquarters in Washington D.C. The United States was represented by Secretary for Homeland Security Alejandro Mayorkas and U.S. Attorney General Merrick […]

Data protection: Commission starts process to adopt adequacy decision for safe data flows with the US

This article is brought to you in association with the European Commission. Today, the European Commission launched the process towards the adoption of an adequacy decision for the EU-U.S. Data Privacy Framework, which will foster safe trans-Atlantic data flows and address the concerns raised by the Court of Justice of the European Union in its Schrems […]

US banks brace for recession, and other economy stories you need to read this week

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Stephen Hall,Writer, Formative Content 1. US banks brace for recession The biggest US banks are bracing for a worsening economy next year as inflation threatens consumer demand. JPMorgan Chase Chief Executive Jamie Dimon told CNBC that consumers and companies […]

EU-US Trade and Technology Council addresses common challenges and responds to global crises

This article is brought to you in association with the European Commission. Today, the EU and the US held the third Ministerial Meeting of the Trade and Technology Council (TTC) in College Park, Maryland. The TTC is a key forum to deepen transatlantic cooperation to facilitate trade and develop global standards on technology and security. Geostrategic […]

From dinosaur footprints to US-EU data: The latest in artificial intelligence

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Kay Firth-Butterfield, Head of Artificial Intelligence and Machine Learning; Member of the Executive Committee, World Economic Forum 1. Biden administration implements US-EU data sharing framework US President Joe Biden signed an executive order last month that will see […]