The EU is facing pressure to simplify a controversial supply chain law aimed at addressing environmental and human rights abuses, as Swedish MEP Jörgen Warborn argues for reducing the number of companies subject to compliance. While the European Commission has proposed raising the employee threshold for compliance from 500 to 1,000, Warborn suggests increasing it to 3,000 and eliminating mandatory climate transition plans. Amidst divisions among member states, including calls from France and Germany to scrap the law, approximately 1,000 amendments are under review, highlighting the ongoing debate over bureaucracy versus corporate accountability.
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Eurozone inflation rose to ECB’s 2% target in June
Eurozone inflation rose to 2% in June, aligning with the European Central Bank's target and increasing from May's 1.9%. While the ECB has reduced rates to 2% since last summer, it is expected to pause further cuts, influenced by geopolitical events affecting oil prices and a stronger euro, which has appreciated nearly 14% against the US dollar this year. Explain It To Me Like I'm 5: In June, prices in Europe went up by 2...
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