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European Energy Union Critical for EU to Compete with US and China

Key Points: Kyriakos Pierrakakis stated that a unified European energy union is necessary for the EU to remain competitive. Current European energy prices are two to three times higher than prices in the United States or China. The EU wants to create a single, integrated market where power and gas flow easily across national borders....

AI Boom Could Drive US Economic Growth Above 10% by 2034

Key Points: BNP Paribas economists predict the artificial intelligence boom could drive US economic growth over 10% by 2034. The bank expects the US to reap the largest financial benefits compared to Europe and the UK. Under their central scenario, the US gross domestic product is likely to grow by a strong 6.7% over the...