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Battle ahead for EU’s 750-bn-euro recovery plan | EDN Hub

If passed, the proposal would be the biggest EU stimulus package in history and could see Europe-wide taxes on plastics and big tech introduced in a major advance for European integration. “This is Europe’s moment,” Von der Leyen told a session of the European Parliament as she announced the plan.

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News item Patricia Scheltus News item Patricia Scheltus

Textile and garment supply chains in times of COVID-19: challenges for developing countries | UNCTAD

Given its non-essential nature, the fashion industry faces significant risks. Indeed, in times of COVID-19, as consumers around the world remain in lockdown, they no longer need new products. This industry is characterised by a highly integrated global supply chain. In it, many developing countries play the role of the supplier of low-cost inputs. This article highlights some of challenges and concerns that some of these countries face, many of which are dependent on textile and garment exports.

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News item Patricia Scheltus News item Patricia Scheltus

FERMA calls for EU Resilience Framework for Catastrophic Risks | FERMA

There is currently little to no insurance coverage available for financial losses in case of catastrophic risks, such as the current COVID19 pandemic. The resilience framework would have the flexibility to respond to a range of catastrophic events, such as pandemic and massive cyber-attacks, that can create severe business losses without physical damage.

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